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Micron has raised its planned US investment to more than $250 billion through 2035 to expand semiconductor manufacturing and meet surging AI-driven demand for advanced memory chips. The move strengthens the domestic chip supply chain, boosts investor confidence and reinforces Micron’s long-term growth strategy.
Cupid shares extended their rally after the company reaffirmed strong growth momentum, guided for Q1FY27 revenue of over Rs 150 crore and raised its full-year revenue outlook. Supported by expanding global opportunities and improving business visibility, the multibagger stock has delivered exceptional returns over the past few years.
HFCL shares witnessed an uptick on Friday after the company secured a Rs 496 crore overseas order for data centre connectivity solutions, extending their 220% rally in 2026. With a record order book, rising exports and growing AI, defence and telecom opportunities, analysts remain optimistic about the company’s long-term growth prospects.
Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company’s balance sheet, support expansion plans, and boost long-term growth prospects while broadening its institutional shareholder base.
Helios Capital Management is investing in Adani Enterprises, seeing potential in India’s overlooked market. The asset manager bought shares, citing Adani’s improving legal standing and business ventures. Adani plans significant investments in data centers and digital expansion, leveraging its energy assets. This move positions Adani as a proxy for India’s artificial intelligence ambitions. Helios also…
Gold prices slipped while silver edged higher on the MCX on Friday, supported by a weaker U.S. dollar. However, both precious metals remained on track for weekly losses as escalating U.S.-Iran tensions fuelled inflation concerns and strengthened expectations of tighter U.S. Federal Reserve policy.
SBI Funds Management has raised Rs 1,655 crore through a pre-IPO placement by selling a 1.42% stake to 30 marquee investors, including Prashant Jain-led 3P India Equity Fund I. The strong institutional participation comes ahead of the AMC’s Rs 11,692.91-crore IPO, which opens for subscription on July 14.
South Korean chipmaker SK Hynix successfully raised $26.5 billion through its ADR offering. This significant fundraising highlights robust global investor interest in AI semiconductor suppliers. The company is a leading provider of essential high-bandwidth memory chips for AI processors.
US Treasury prices saw gains as investors bought bonds following a sharp selloff. A strong auction of 30-year government bonds attracted significant foreign investor demand. Economic data indicated stable labor and moderating housing markets, reinforcing Fed rate hold expectations. Geopolitical tensions involving the United States and Iran remained a key focus for markets. Investors anticipate…
Japan’s wholesale inflation accelerated to its fastest pace in more than three years in June as companies passed on higher input costs driven by the Middle East conflict and a weaker yen. The stronger-than-expected reading has reinforced expectations that the Bank of Japan could raise interest rates again later this year.