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Search results for fiscal 2027

AI & Enterprise

Jensen Huang \"They said it was a discount\" as Broadcom wipeout shakes Nvidia

Broadcom’s market capitalisation has fallen by more than $440 billion in a matter of days, reviving concerns that AI chip stocks are overvalued. Although Broadcom posted record quarterly revenue and tripled AI chip sales from a year earlier, its shares slid after it failed to meet market expectations for its growth path. The selloff spread to other AI- and semiconductor-heavy stocks, with Nvidia falling about 6 percent.

Industry

Nissan starts developing all-solid-state battery cheaper than China\'s, using sulfur-based materials to cut costs

Nissan is moving to secure price competitiveness for all-solid-state batteries, a key next-generation EV technology, by using sulfur-based materials instead of costly nickel and cobalt. The company is launching a three-year project with UK battery firm Gelion, Nissan Technical Centre Europe and the University of Oxford to develop cost-effective solid-state lithium-sulfur batteries. The project totals about 3.4 million pounds, with Gelion receiving 2.4 million pounds in UK government support.

Crypto

U.S. Treasury chief says fast-tracking bitcoin reserve plan as Senate harmonises CLARITY bill

The U.S. Treasury has confirmed it is continuing to push ahead with plans for a strategic bitcoin reserve and a broader digital-asset stockpile. Treasury Secretary Scott Bessent said procedures are moving quickly under an executive order signed by President Donald Trump in 2025. Bessent also voiced support for the pending CLARITY digital-asset market structure bill, which has been discussed in the Senate for about a year and requires harmonisation of two committee bills before a floor vote.