DailyEdge

The company is investing $4.8 billion to build one of its largest AI and cloud data regions in Italy, aiming to train over 1 million Italians in digital skills by 2025. This marks the company's biggest push into the country, solidifying Italy's role as a Mediterranean tech hub. 💻

Iran's missile attack on Israel has driven investors to safe-haven assets, while global stocks remain cautious amid uncertainty over potential escalation. Markets are watching closely for Israel's response, which could further impact risk sentiment and equities. 🚨

The company raised £2.4 billion by selling 640 million Haleon shares, reducing its stake in the consumer health company. This follows its previous divestment in Haleon, the maker of Panadol and Centrum. 💊

The French-Italian conglomerate, known for brands such as Chrysler, Dodge, Jeep and Maserati, warned of lower-than-expected sales “across most regions” in the second half of the year. It now pencils in an adjusted operating income (AOI) margin between 5.5% to 7.0% for the full-year 2024 period, down from a “double digit” outlook. 📉

The company and the U.S. government will likely finalize $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions. 💻

Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share. Shares of Micron jumped as much as 16% in premarket trade in the U.S. Dutch semiconductor equipment maker ASML rose more than 4% in early trade in Europe. 📈

Nvidia stock closed 4% higher on a report that CEO Jensen Huang is done selling shares. Huang raked in $713 million in total proceeds from the sales. He remains Nvidia's biggest shareholder. 📈

Shares of China companies rose sharply Tuesday after its central bank lowered interest rates and the government added stimulus designed to bolster the stock market. 📈

The company has proposed a $5 billion investment in Intel, supporting its turnaround under CEO Pat Gelsinger. This comes as Intel restructures and forms key partnerships, including a recent deal with Amazon Web Services. 🏢

The company shares fell 8% after the carmaker cut its full-year guidance for the second time, citing a slowdown in sales driven by China's weakening economy. With one-third of its sales in China, the luxury automaker expects lower returns and reduced earnings, impacted by weaker consumption and competition in the Chinese market. 🚗