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STMicroelectronics CEO Expects Stable Start to 2026 as Inventory Pressures Ease

STMicroelectronics Chief Executive Jean-Marc Chery said on Wednesday he expects the chipmaker’s first-quarter 2026 revenue to remain at typical seasonal levels, signaling a steady recovery following a weaker-than-expected rebound this year. Speaking at a Morgan Stanley conference, Chery forecast that first-quarter revenue would decline 10% to 11% from the upcoming fourth quarter, which the company […]

SoftBank Shares Drop as Nvidia Stake Sale Reveals Deep AI Funding Demands

SoftBank Group (9984.T) shares plunged as much as 10% on Wednesday, after the company’s $5.8 billion sale of its Nvidia stake raised questions about how it will finance its massive new AI investment spree, including major commitments to OpenAI. The Japanese conglomerate is preparing to fund a $22.5 billion follow-on investment in OpenAI, alongside a […]

Circle Tops Profit Estimates as Stablecoin Circulation Surges

Circle (CRCL.N) reported stronger-than-expected third-quarter profits on Wednesday, driven by surging adoption of its flagship USDC stablecoin and higher reserve income amid expanding global use of digital dollars. The company said USDC’s circulation more than doubled from a year earlier to $73.7 billion, as stablecoins — digital tokens backed by safe assets such as U.S. […]