Market Intelligence for Smart Professionals
Broadcom’s AI‑Fueled Q2 Revenue Hits $22.2B
Broadcom reported a record $22.2 billion revenue for Q2, a 48% year‑over‑year increase, crediting AI‑driven demand for its VMware unit. Despite the earnings beat, shares slipped 13% after hours as the company signaled a cautious outlook for Q3.
Also developing:
- OpenAI warns that full automation could be dangerous
- Australia’s rooftop solar lead faces tariff‑driven risk
- Kongsberg partners with DRASS on next‑gen underwater systems
By the numbers: FuelCell Energy raises $156.6M in secondary share offering

OpenAI files confidential U.S. IPO prospectus targeting up to $1 trillion valuation
OpenAI has quietly submitted a U.S. IPO prospectus, eyeing a potential September market debut and a valuation of up to $1 trillion. The filing places the ChatGPT maker alongside other AI giants like Anthropic and SpaceX in the upcoming wave of mega‑scale listings.
Also developing:
- German industrial production rebounds in April, led by construction and energy‑intensive sectors
- Paytm to hire 4,000 staff while cutting 400 roles as it pivots toward AI
- RBI offers state‑run firms discounted 1.5% FX swaps to attract dollar inflows
By the numbers: Hunter Point Capital raises $4.3B for GP financing platform

Tata Steel and Tata Projects eye $313M and $52M‑$104M bond issuances
Tata Steel plans to raise about ₹3,000 crore (≈$313 million) through five‑year bonds, while Tata Projects is targeting ₹500 crore to ₹1,000 crore (≈$52 million‑$104 million) via a mix of three‑ and five‑year papers as they re‑enter India's corporate bond market after a 15‑month pause.
Also developing:
- BOJ likely to lift short‑term policy rate to 1% next week
- Redington shares jump 5% after Apple unveils new WWDC 2026 features
- Smith & Wesson posts strong top‑line growth, bolstering bullish case
By the numbers: KKR raises $1bn for new real estate credit fund
Synergy detonates second boiler at Kwinana plant in controlled blast
Synergy completed the demolition of the second boiler at the former Kwinana coal‑fired power station using timed explosive charges. Water jets were deployed to contain debris and protect two on‑site battery storage systems.
Also developing:
- The Conversation UK reflects on a decade of podcast evolution
- Strata Minerals maps a 6 km gold trend at Zelica South
- Chinese beauty brands launch Southeast Asian expansion with new boutique in Malaysia
By the numbers: Incyte acquires Star's Vega Therapeutics unit for $2bn
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