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(Reuters) -Synopsys forecast third-quarter revenue largely above Wall Street estimates on Wednesday, driven by strong demand for its semiconductor design software as companies ramp up spending on AI chips. Shares of the company rose 3.8% in extended trading, after falling about 10% during the session following a media report that said the Trump administration had …

Synopsys forecasts quarterly revenue largely above estimates Read More »

WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Wednesday it will require two software companies —Synopsys and Ansys— to divest certain assets to resolve antitrust concerns surrounding their $35 billion merger. The proposed divestiture will preserve competition across several software tool markets that are critical for the design of semiconductors and light simulation devices, …

US FTC will require Synopsys, Ansys to divest certain assets to resolve merger concerns Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and shares of chip designers fell in late trading. After the closing bell, shares of Nvidia rose 5% as the artificial intelligence leader reported quarterly sales that beat analyst expectations. However, the …

Indexes end down after chip designers ease late; Nvidia jumps after the bell Read More »

By Zaheer Kachwala (Reuters) – Salesforce raised its revenue and adjusted profit forecasts for fiscal 2026 on Wednesday, as the enterprise software provider benefits from strong cloud spending while ramping up monetization of its artificial intelligence agents. Cloud spending from major enterprises has remained resilient even amid global macroeconomic uncertainty over the past few months, …

Salesforce raises annual results forecast on strong cloud spending Read More »

(Reuters) -Elon Musk’s AI startup xAI will pay Telegram $300 million to deploy its Grok chatbot on the messaging app, aiming to tap the platform’s more than one billion users and sharpen its competitive edge in the booming artificial intelligence market. Under the one-year deal, xAI will also give Telegram half of any subscription sales …

Telegram, Musk-owned xAI partner to distribute Grok to messaging app’s users Read More »

By Sheila Dang HOUSTON (Reuters) -Chevron shareholders voted against three stockholder proposals during the U.S. oil producer’s annual meeting on Wednesday, including one calling for a report on the company’s human rights practices, while larger rival Exxon Mobil faced no investor resolutions for the first time in decades.  There have been fewer resolutions on environmental, …

Chevron investors reject stockholder proposals, Exxon faces none Read More »

By Anuja Bharat Mistry and Neil J Kanatt (Reuters) -Model Hailey Bieber’s makeup and skincare brand, Rhode, is being snapped up by Elf Beauty for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millennials. Elf said on Wednesday it would …

Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal Read More »