Author: Sreelatha M

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Corporate

Dell shares jump 33% on AI server boom

Shares of Dell Technologies surged 33% after the company reported a strong quarter, helped by soaring demand for artificial intelligence (AI) servers.

The technology company benefited from a wave of spending by businesses building AI infrastructure, with orders for high-performance servers continuing to rise. Dell said demand for AI-powered systems remained strong as companies invest in data centres and computing capacity needed to run advanced AI applications.

A key factor behind the strong results was the company’s AI server business, which has become one of Dell’s fastest-growing segments. These systems, equipped with powerful AI chips, are used for training and operating generative AI models.

Higher prices for AI-focused products also helped improve revenue and profitability during the quarter. The company reported a growing backlog of AI server orders, indicating sustained customer demand in the months ahead.

The strong performance prompted Dell to raise its outlook for the year. Company executives said AI-related investments are expected to remain a major growth driver as organisations across industries continue to adopt AI technologies.

While demand for traditional personal computers remains uneven, the rapid expansion of AI services has created new opportunities for hardware makers. Dell is among the companies benefiting from this shift, alongside chip manufacturers and cloud computing providers.

Investors welcomed the results, pushing Dell’s stock sharply higher and highlighting the growing importance of AI infrastructure in the global technology market.

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Corporate

Anthropic hits $965 bn valuation, overtakes OpenAI

Artificial intelligence company Anthropic has reportedly become the world’s most valuable AI startup, overtaking OpenAI with a valuation close to $965 billion, according to recent reports.

The sharp rise in Anthropic’s valuation comes amid growing investor confidence in generative AI companies and increasing demand for advanced AI tools across industries. The company, best known for its Claude AI chatbot, has seen rapid growth in both business partnerships and enterprise adoption over the past year.

Founded in 2021 by former OpenAI employees, including siblings Dario and Daniela Amodei, Anthropic has positioned itself as a major competitor in the global AI race. The startup focuses heavily on AI safety and responsible development, which has helped it attract strong backing from major technology companies and investors.

The valuation milestone places Anthropic ahead of OpenAI, the company behind ChatGPT, in terms of startup market value. OpenAI remains one of the biggest players in artificial intelligence globally, but Anthropic’s rapid rise reflects the intense competition within the AI sector.

Reports suggest that Anthropic’s valuation surge is linked to fresh funding discussions and expectations of future revenue growth. The company has secured large investments from firms including Amazon and Google, both of which are expanding their AI infrastructure and cloud partnerships with Anthropic.

The investor interest in AI companies continues to grow as businesses increasingly adopt AI-powered tools for automation, research, coding, customer service, and content generation. Companies seen as leaders in foundational AI models are attracting record levels of funding and market attention.

Anthropic is also reportedly preparing for a future public offering, although the company has not officially announced plans for an initial public offering (IPO). The possibility of a listing has further boosted market enthusiasm around the startup.

The development highlights how quickly the AI industry is evolving, with newer companies challenging established leaders in a rapidly expanding global market.

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Beyond

Gold dips to ₹1.57 lakh, Silver slides to ₹2.69 lakh

Gold and silver prices edged lower in early trade as both metals saw mild selling pressure after recent gains.

Gold June futures slipped 0.18% to ₹1,57,410 per 10 grams around 9:19 am, while silver July futures dropped 0.45% to ₹2,69,170 per kilogram.

The weakness in precious metals comes amid cautious global sentiment, with investors closely tracking interest rate expectations and economic data from major economies. Higher bond yields have also weighed on non-yielding assets like gold.

In domestic retail markets, prices across major cities including Delhi, Mumbai, Chennai, and Kolkata showed slight variation depending on local taxes and demand conditions, but overall sentiment remained subdued.

Market analysts say gold and silver are currently consolidating after recent volatility, with traders booking profits and waiting for clearer signals from central banks on inflation and rate cuts.

Silver witnessed relatively higher pressure compared to gold, reflecting its sensitivity to both investment demand and industrial usage trends. Concerns over global manufacturing activity have added to the softness in prices.

Despite the short-term decline, analysts maintain that the broader outlook for gold remains supported by safe-haven demand, ongoing geopolitical risks, and steady central bank buying.

Also Read: Sensex adds over 100 points, Nifty tops 23,900

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Leaders

Micron CEO Sanjay Mehrotra enters billionaire club

Micron Technology CEO Sanjay Mehrotra has joined the billionaire ranks as a surge in demand for AI infrastructure drives a powerful rally in memory chip stocks.

The jump comes as Micron’s valuation has soared amid a global shortage and rising prices for high-performance memory used in AI systems. Investors have poured into semiconductor companies that supply critical components for data centers powering artificial intelligence tools.

Mehrotra, who has led Micron since 2017, now has an estimated net worth of about $1.2 billion, according to recent estimates. His wealth increase closely tracks the company’s sharp stock performance over the past year.

Micron has become one of the key beneficiaries of the AI boom, especially due to its production of DRAM and high-bandwidth memory chips, which are essential for training and running advanced AI models. These chips are now in heavy demand from major cloud computing firms expanding their AI capacity.

The company’s position in the market has strengthened as supply struggles to keep up with demand, helping push up prices and margins across the industry. This shift has turned memory chips from a traditionally cyclical business into a central part of the AI supply chain.

Mehrotra, an industry veteran and co-founder of flash storage company SanDisk, has been credited with steering Micron through this transition. Under his leadership, the company has increasingly aligned its strategy with long-term AI and data center growth.

The broader semiconductor sector has also seen a re-rating, with investors viewing memory manufacturers as critical infrastructure players in the AI era rather than commodity suppliers.

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Corporate

Sensex adds over 100 points, Nifty tops 23,900

Indian equity markets ended a volatile session on a mildly positive note, with benchmark indices holding onto gains despite mixed global cues.

The Sensex rose over 100 points, while the Nifty 50 managed to stay firm above the 23,900 mark, reflecting cautious optimism among investors amid stock-specific action and global uncertainty.

Market sentiment was largely driven by selective buying in heavyweight and sector-linked stocks, even as broader momentum remained uneven throughout the day. Traders continued to react to global developments, crude oil movements, and foreign fund flows.

Among the top gainers, Hindalco Industries, Tata Motors Passenger Vehicles, Power Grid Corporation, Eternal, and NTPC saw strong buying interest, supporting the broader index and helping offset weakness in other sectors.

On the losing side, pressure was visible in Oil & Natural Gas Corporation (ONGC), ITC, Coal India, Power Finance Corporation, and Jindal Saw, which weighed on intraday sentiment and capped upside momentum.

Sector trends remained mixed, with metals, energy, and select PSU names witnessing buying support, while FMCG and certain capital goods stocks saw profit booking. This uneven participation kept the indices range-bound for most of the session.

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1 Minute-Read

Samsung workers approve historic pay deal

Samsung Electronics workers have approved a major wage agreement, ending a labour dispute that had threatened strikes at the company’s semiconductor plants in South Korea. The deal includes higher pay and improved benefits for employees after months of negotiations between the union and management.

The agreement is expected to ensure stable operations at Samsung’s chip facilities, which play a major role in global semiconductor supply chains. Company officials welcomed the decision, saying it would support production continuity and improve labour relations.

Industry experts say the settlement could influence labour movements across South Korea’s technology and manufacturing sectors.

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Beyond

Gold slips to ₹1,58,280, silver falls to ₹2,84,900

Gold and silver prices edged lower on Thursday as uncertainty in global markets continued to affect investor sentiment. The fall was minor, but traders remained cautious amid rising geopolitical tensions and fluctuations in the US dollar.

The price of 24-carat gold dipped by ₹10 to ₹1,58,280 per 10 grams in major Indian cities. Similarly, 22-carat gold also slipped by ₹10 and was trading at ₹1,45,090 per 10 grams.

In cities such as Mumbai, Kolkata and Hyderabad, gold prices remained largely steady at similar levels. Chennai continued to record slightly higher rates, with 24-carat gold priced at ₹1,59,810 per 10 grams. In Delhi, the rate stood at ₹1,58,430.

Silver prices also witnessed a small decline. The metal became cheaper by ₹100, bringing the price to ₹2,84,900 per kilogram in Delhi, Mumbai and Kolkata. Chennai reported higher silver prices at ₹2,89,900 per kg.

Market experts said the slight correction in bullion prices was mainly linked to international developments. A stronger US dollar reduced the appeal of gold for overseas buyers, while fresh geopolitical concerns added pressure on global commodity markets.

In the international market, spot gold prices slipped nearly 0.8 per cent, while silver prices also declined. Platinum and palladium recorded mild losses during the session.

Despite the dip, analysts believe gold continues to remain a preferred safe-haven asset for long-term investors, especially during periods of global economic uncertainty.

Reports of rising tensions involving the United States and Iran also pushed crude oil prices higher, increasing fears of inflation and uncertainty around future interest rate decisions by central banks.

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Corporate

Suzlon Energy Q4 revenue jumps 45%, profit slips 6%

Suzlon Energy reported a 6% decline in net profit for the fourth quarter even as the company posted strong revenue growth and record deliveries during the period.

The company reported a net profit of ₹1,114 crore for the January–March quarter, lower than the same period last year. However, revenue rose sharply by 45%, driven by strong business performance and higher turbine deliveries.

Suzlon said it recorded its highest-ever deliveries during the quarter, reflecting growing demand in the renewable energy sector. The company also reported a 39% rise in EBITDA, indicating stronger operational performance despite the decline in profit.

The mixed financial results drew investor attention, with the stock witnessing pressure in trading after the earnings announcement. While the increase in revenue and deliveries was seen as a positive sign, the drop in profit raised concerns among some investors.

The renewable energy sector has remained in focus due to increasing demand for clean energy projects and government efforts to expand sustainable power generation. Suzlon, one of India’s major wind energy companies, has been closely watched for signs of growth and business recovery.

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Beyond

Taiwan surpasses India in Global Stock Market race

The global rush toward artificial intelligence has reshaped stock market rankings, with Taiwan moving ahead of India to become the world’s fifth-largest stock market.

Taiwan’s rise has been driven mainly by strong gains in technology and semiconductor stocks, especially Taiwan Semiconductor Manufacturing Company. The company, one of the world’s largest chip manufacturers, has seen its market value rise sharply as demand for AI-related technology continues to increase globally.

The growing use of AI in sectors ranging from cloud computing to data centres and consumer technology has increased the need for advanced chips. This surge in demand has brought strong investor interest into Taiwan’s technology-heavy market, helping its overall market capitalisation climb.

India, which had earlier moved ahead in global rankings, continues to benefit from strong domestic investments, infrastructure growth and retail participation. However, Taiwan gained an advantage from its concentration of technology companies at a time when AI-linked stocks are attracting significant global investments.

This development reflects how a single high-growth sector can significantly influence overall market value. Technology and semiconductor companies have become key drivers of global market movements, especially as investors continue to bet on the future growth of AI.

The experts say that these market rankings can change frequently depending on sector performance and global investor sentiment. While Taiwan has taken the lead for now, India’s broader economic growth and diversified market base continue to remain important strengths.

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Uncategorized

Government launches ₹5,000 cr Coal India OFS

The Government of India has launched an Offer for Sale (OFS) in state-owned Coal India Ltd to divest up to a 2% stake in the company and raise nearly ₹5,000 crore. The move is part of the Centre’s ongoing disinvestment programme aimed at mobilising resources and reducing its stake in public sector enterprises.

Under the OFS, the government will initially sell 6.16 crore equity shares, representing a 1% stake in Coal India. It has also retained a greenshoe option to sell an additional 6.16 crore shares, taking the total potential sale size to 12.32 crore shares or 2% of the company’s equity.

The floor price for the issue has been fixed at ₹412 per share. The offer price is around 10% lower than Coal India’s previous closing price of approximately ₹457 on the stock exchanges, offering investors an opportunity to purchase shares at a discount.

The OFS opened for non-retail investors on May 27, while retail investors and eligible employees can participate in the offer on May 29. Typically, OFS transactions reserve a portion of shares for retail investors, allowing broader participation in government stake sales.

The announcement led to pressure on Coal India shares during market trading, with the stock declining more than 6% as investors reacted to the discounted offer price and increased supply of shares in the market.

Prior to the stake sale, the Government of India held around 63.13% stake in Coal India. Following the completion of the transaction, the government’s holding is expected to reduce depending on the final subscription and exercise of the additional sale option.

Coal India remains one of the country’s largest public sector companies and plays a key role in India’s energy and mining sector. The latest OFS is expected to support the government’s revenue generation efforts while advancing its broader divestment strategy for the financial year.

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