00:00As investors navigate an increasingly uncertain market environment,
00:05corporate earnings and company updates remain key indicators of business health and future prospects.
00:11Here's a round-up of the latest corporate developments from the overnights that could help shape your investment decisions today.
00:20Oracle on Monday said it will raise $20 billion through bond and share sales
00:25as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.
00:31Oracle priced the offering of 86.2 million shares at $116 each later in the day,
00:38an 11.2% discount to Friday's closing price.
00:42The company will raise about $10 billion from the stock sale and another $10 billion through debt offerings maturing between
00:492029 and 2046.
00:51Shares of the company fell 8.8% to $119.22 after the fundraising announcement earlier on Monday,
00:59bringing their losses this year to about 39%.
01:04AMD forecast fourth quarter revenue above Wall Street estimates on Tuesday
01:08and the company's data centre revenue hit a record on robust demand
01:12as its multi-billion-dollar effort to challenge NVIDIA's dominance of the AI chip market gather space.
01:19The upbeat forecast offered some relief to investors rattled by mounting concerns
01:23over the course of the massive AI build-out and Intel's weak outlook.
01:28Shares of AMD jumped over 8% in extended trading.
01:32The stock has more than doubled so far this year.
01:35Intel's shares rose 2%, NVIDIA's stock climbed over 1% and Brokecom also advanced 1.2%.
01:44Bosch, the world's stock automotive supplier, will set out a dedicated semiconductor division
01:49from January 2028, set on Tuesday.
01:52The German firm said it aims to increase sales of the small components used in cars and e-bikes
01:57to 5 billion euros by 2030.
02:00Currently, the semiconductor activities are part of the mobility electronics division.
02:05The firm will increasingly open its manufacturing capacities to external partners
02:10and strategically expand its foundry business, it added.
02:14Bosch, which relies on a network of around 40 semiconductor sites worldwide of for research,
02:19development and manufacturing, plans to further expand its test centre in Penang, Malaysia
02:24by the middle of the 2030s.
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