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Powerful AI Chip Demand Drives TSMC to Raise Revenue Outlook
Taiwan Semiconductor Manufacturing Co. (TSMC) lifts its 2024 revenue forecast, citing strong AI chip demand from major clients like Nvidia and Apple.
China Troubles Drag Down Pernod Ricard's Q1 Sales
Pernod Ricard’s Q1 sales fell by 5.9%, largely due to China troubles, including weak consumer demand and new anti-dumping measures on EU brandy imports. Despite the decline, the company remains optimistic about its fiscal 2024/25 growth prospects.
Devastating Meta Layoffs Hit WhatsApp and Instagram Amid Strategic Shakeup
Meta layoffs hit Instagram and WhatsApp, impacting teams as part of strategic changes aimed at long-term goals. Read how Meta's workforce is affected.
Explosive Short Squeeze Potential for Nuburu Inc. BURU
Explore Nuburu Inc.'s strategic partnerships and blue laser technology amid high short interest, indicating potential for a short squeeze.
BURU Faces NYSE Threshold Securities List with Naked Short Selling Concerns
BURU's inclusion on the NYSE Threshold Securities list raises concerns about naked short selling. Investors should stay informed and proactive in their decision-making.
Crypto Heist Mastermind Faces Five Years in Prison for $6 Billion Scam
US prosecutors are urging a five-year prison sentence for Ilya Lichtenstein, mastermind of the $6 billion Bitfinex crypto heist, emphasizing the need to deter cyber crime.
Oil Prices Steady Amid Middle East Uncertainty and OPEC+ Cuts
Oil prices steady amid ongoing Middle East uncertainty and OPEC+ production cuts, as analysts revise demand forecasts downward, particularly from China.
Devastating Tech Selloff Triggers Tumble in Tech Stocks While China Developers Rally
Global markets faced a significant tech selloff on Wednesday, with stocks in the technology sector seeing steep declines while Chinese property developers posted gains. The AI-driven rally that fueled much of the tech sector's growth appeared to lose momentum, with industry leaders like Nvidia and ASML leading the losses.
NUBURU Transitions to New Equity Line of Credit to Support Commercialization
NUBURU announces the transition to a new Equity Line of Credit with Liqueous to support its innovative blue laser technology and commercialization efforts.
NUBURU Focuses on Blue Laser Technology as It Cancels Special Proxy Statement for Funding
CENTENNIAL, Colo., October 14, 2024--NUBURU, Inc. ("NUBURU" or the "Company") (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial laser technology, today announced the cancellation of its Special Proxy Statement. Due to insufficient proxies to form a quorum, the company has withdrawn the proposals and canceled the Special Meeting. However, these critical proposals will be included in the upcoming annual meeting proxy statement, expected to be filed by October 31, 2024. The company aims to secure stockholder approval at this meeting to advance its commercialization and growth plans.
Morning Bid Tech Banks Propel New US Records as China Struggles
The U.S. bond market rejoins after a holiday, witnessing Wall Street stocks surge to new heights, with the S&P 500 and Dow Jones achieving fresh US records. Despite worries over China's economic stability, excitement in the tech and banking sectors fuels optimism as strong corporate earnings influence global market sentiment.
Trump Campaign Security Enhanced with New Hardware
The Trump campaign turns to secure hardware following a recent hacking incident to bolster its Trump campaign security. Learn how these measures aim to protect sensitive information and ensure election integrity.
AI Processors AMD Debuts Latest Chips in Battle Against Nvidia and Intel
AMD has launched its new AI processors including the EPYC and MI325X chips as it competes with Nvidia and Intel in the rapidly growing AI market.
Chinese Stock Market Decline Shocks Investors Ahead of Key Policy Briefing on Fiscal Stimulus
The Chinese stock market decline deepens as investors await Beijing's policy briefing on fiscal stimulus. Will new measures revive the slowing economy?
Impax Asset Management Increases Stake in Nvidia After Underestimating Its Market Potential
Impax Asset Management has significantly increased its investment in Nvidia Corp., recognizing the undervaluation of the tech giant amid a booming AI sector. By tripling its stake, Impax aligns its sustainable investment strategy with Nvidia's innovative energy-efficient chips, positioning itself for growth in an evolving market landscape.
Nuburu Secures $65M Financing for Advanced Laser Technology Expansion
Nuburu secures $65 million in financing to accelerate blue laser technology innovations across e-mobility, defense, and healthcare sectors, driving high-precision manufacturing advancements.
Strategic Investments for Long-Term Growth: Nuburu’s Financing Framework with Liqueous LP
Nuburu has recently established a significant financing framework with Liqueous LP, positioning the company for long-term growth and strategic expansion. This innovative arrangement offers Nuburu the flexibility to access capital as needed, enabling the execution of its strategic goals while minimizing the risks associated with heavy stock dilution.
Favorable Terms Reduce Dilution for Nuburu Shareholders
Nuburu, a leader in blue laser technology, recently secured a significant $65 million financing package, including $15 million in direct investment and a $50 million equity line of credit (ELOC). In a world where financing can often come at the cost of heavy dilution for shareholders, Nuburu has structured its deal with Liqueous LP in a way that minimizes dilution and avoids toxic financial practices. This careful financial approach allows Nuburu to raise capital while safeguarding the interests of its shareholders, ensuring that the company's growth ambitions are met without sacrificing shareholder equity.
Nuburu Secures $65 Million Funding to Drive Growth Across Key Sectors
Nuburu secures a $65M financing package, including $15M direct investment and $50M equity line of credit (ELOC), to accelerate the expansion of its groundbreaking blue laser technology across key industries like e-mobility, defense, and healthcare. This strategic financial boost supports Nuburu’s mission to revolutionize high-precision manufacturing and position itself as a leader in cutting-edge industrial innovation. With flexible capital for R&D and scalable growth, Nuburu is set to reshape the future of these critical sectors through sustainable, efficient, and innovative blue laser solutions.
Nuburu Financing Framework: Minimal Dilution for Investors through Partnership with Liqueous LP
The Nuburu financing framework developed in partnership with Liqueous LP is revolutionizing how high-growth companies raise capital while protecting their investors. This innovative financing strategy is designed to minimize dilution for shareholders, a key concern for anyone investing in companies aiming for rapid expansion. By structuring capital raises to avoid toxic financing practices, Nuburu ensures that its existing shareholders maintain their value as the company continues to grow.
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