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Meta Platforms Q1 2025 Earnings

Revenue and Profit
- Total revenue: $42.31 billion, up 16 percent year-over-year
- Net income: $16.64 billion, up 35 percent
- Diluted EPS: $6.43, up 37 percent
- Operating margin: 41 percent
- Income from operations: $17.56 billion

Key Metrics
- Family daily active people: 3.43 billion, up 6 percent
- Ad impressions: up 5 percent
- Average price per ad: up 10 percent
- Revenue growth on a constant currency basis: 19 percent
- Effective tax rate: 9 percent

Spending and Cash Flow
- Costs and expenses: $24.76 billion, up 9 percent
- Capital expenditures: $13.69 billion
- Free cash flow: $10.33 billion
- Cash, cash equivalents, and marketable securities: $70.23 billion

Capital Returns
- Share repurchases: $13.40 billion
- Dividends and equivalents: $1.33 billion

Segment Results
- Family of Apps revenue: $41.9 billion
- Income from operations: $21.77 billion
- Reality Labs revenue: $412 million
- Operating loss: $4.21 billion

Outlook
- Q2 2025 revenue guidance: $42.5 to $45.5 billion
- Full-year expense outlook: $113 to $118 billion (lowered)
- Full-year capital expenditures: $64 to $72 billion (increased)
- Expected full-year tax rate: 12 to 15 percent

Regulatory Note
Meta expects potential business impact in Europe starting Q3 2025 due to EU Digital Markets Act compliance issues affecting its ad-subscription model.

Patrick Collison and Dina Powell McCormick Join Meta Board of Directors
MENLO PARK, Calif. — Meta announced the appointment of Patrick Collison, Co-Founder and CEO of Stripe, and Dina Powell McCormick, Vice Chair, President & Head of Global Client Services at BDT & MSD Partners, to its board of directors. Their appointments will take effect on April 15.

Mark Zuckerberg, Meta’s Founder and CEO, stated, “Patrick and Dina bring a lot of experience supporting businesses and entrepreneurs to our board. Patrick is deeply committed to expanding economic opportunity, and Dina has a long career advocating for economic development and supporting entrepreneurs. Their perspective will be extremely valuable to businesses that rely on our services to grow.”

Patrick Collison has led Stripe since its founding in 2010, establishing it as a global leader in programmable financial services. He also co-founded the Arc Institute, a biomedical research organization advancing a new model for basic science.

Dina Powell McCormick brings over 25 years of leadership experience in finance and government. She served in senior roles at Goldman Sachs, including on the management committee, and led global economic empowerment programs such as 10,000 Women, 10,000 Small Businesses, and One Million Black Women. She has also served two U.S. presidents, including as Deputy National Security Advisor and Assistant Secretary of State.

Collison remarked, “Between WhatsApp, Instagram and Facebook, Meta is one of the internet's most important platforms for businesses. I look forward to helping them navigate the abundant opportunities of the coming years.”

Powell McCormick added, “I’m excited to bring my experience in finance, government and economic development to support the people and entrepreneurs who use Meta’s services.”

Meta’s board will now include members such as Marc Andreessen, Drew Houston, Charlie Songhurst, Dana White, Hock Tan, Tracey T. Travis, and Lead Independent Director Robert M. Kimmitt, among others.

AI Chip Startup FuriosaAI Rejects Meta’s $800 Million Offer

(Bloomberg) -- Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms Inc., choosing instead to grow the business as an independent company, a person with knowledge of the matter said.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsL

Meta Could Rake In $30-40 Billion In Revenue From WhatsApp Business Messaging, Predicts Analyst

Wolfe Research suggested that Meta Platforms Inc. (NASDAQ:META) has the potential to generate a staggering $30-40 billion in revenue from its business messaging services, a prospect currently undervalued by the market. What Happened: Analysts at Wolfe Research anticipate a “modest near-term upside” that could positively influence Meta’s FY25/26 Other-FOA revenue predictions, according to a report by Investing.com. At present, WhatsApp's business messaging contributes a mere $1.5 to $2 billion an

Meta Platforms Stock (NASDAQ:META) Slips as it Considers Leaving Delaware | Markets Insider

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Meta's Zuckerberg held meetings at White House on Wednesday, source says

Meta Platforms Chief Executive Mark Zuckerberg held meetings at the White House with Trump administration officials on Wednesday, according to a source familiar with the matter. Mark's continuing the meetings he's been holding with the administration on American technology leadership,” Meta spokesman Andy Stone said, without confirming the White House visit.

Meta has reaffirmed its commitment to OpenXR as the standard for cross-platform XR development, emphasizing its continued investment in expanding the technology and supporting developers. With the upcoming v74 SDK, OpenXR will become the recommended development path for major game engines, including Unity, Unreal, and Godot.

For Unity, the OpenXR Meta package has reached feature and performance parity with the Oculus XR plugin, enabling seamless migration. Unreal developers can build for XR using OpenXR or Meta’s GitHub fork of Unreal for Horizon OS-specific features. Godot developers can use direct OpenXR integration with additional features accessible through the Godot OpenXR Vendors plugin.

Since 2019, Meta has ensured OpenXR compliance across its platforms and contributed to 67% of Khronos and cross-vendor extensions, further solidifying OpenXR as a cross-device standard. Meta’s innovations, such as SpaceWarp and foveation, have been adopted by other XR vendors, enhancing interoperability.

Meta remains committed to OpenXR and encourages developers to stay informed through social media and newsletters.

Meta Platforms, Inc. (META): Meta AI to Become Standalone App in Major AI Push - Insider Monkey

We recently compiled a list of the 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Meta Platforms, Inc.

Meta Platforms, Inc. (Nasdaq: META) announced an increase in the target bonus percentage for its named executive officers, excluding the Chief Executive Officer, under the company’s Bonus Plan. Effective for the 2025 annual performance period, the target bonus percentage will rise from 75% of base salary to 200% of base salary.

This decision was approved by the Compensation, Nominating & Governance Committee (CNGC) on February 13, 2025, after reviewing market data and input from an independent compensation consultant. The adjustment aligns the target total cash compensation of Meta’s named executive officers with the 50th percentile of comparable executives at peer companies.

The change is part of Meta’s efforts to ensure competitive executive compensation and to better align leadership incentives with company performance.

Goldman Sachs Research highlights the rising energy demands of AI-driven data centers, projecting a 160% increase in power consumption by 2030 compared to 2023. Nuclear energy is expected to play a significant role in meeting these needs due to its low carbon emissions and reliability, although challenges such as limited new capacity and infrastructure constraints persist. Natural gas, renewables, and battery technologies will complement nuclear energy to provide round-the-clock power solutions.

The report emphasizes the growing investment in renewable energy, with 40% of new capacity expected to come from renewables, supported by advancements in storage technologies. However, the intermittency of renewables and the current slowdown in efficiency gains necessitate a combination of power sources, including natural gas, to address immediate needs.

Recent contracts for nuclear energy and increasing governmental support signal a shift towards expanding nuclear capacity. Meanwhile, companies are exploring innovative solutions like small modular reactors and hybrid energy systems to reduce emissions and improve energy reliability for data centers. These efforts aim to align data center growth with sustainable energy goals while managing the "Green Reliability Premium" associated with cleaner energy sources.

Meta decided to keep fact checkers outside U.S. for now.

Meta Adopts Amazon's Management Playbook - Business Insider

Meta embraces Amazon's aggressive workforce-management strategy, a shift from Silicon Valley's traditional talent retention tactics.

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Meta Platforms, Inc. (META)’s Bold Move: Will AI Replace Midlevel Engineers by 2025?

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Meta Platforms plans performance-based job cuts

#NASDAQ:QCOM

Qualcomm Q2 FY2025 Earnings

Headline Financials
- GAAP revenue: $11.0 billion, up 17 percent
- Non-GAAP revenue: $10.8 billion, up 15 percent
- GAAP EPS: $2.52, up 22 percent
- Non-GAAP EPS: $2.85, up 17 percent
- GAAP net income: $2.8 billion, up 21 percent
- Non-GAAP net income: $3.2 billion, up 15 percent

Segment Performance
QCT (Qualcomm CDMA Technologies)
- Revenue: $9.5 billion, up 18 percent
- Handsets: $6.9 billion, up 12 percent
- Automotive: $959 million, up 59 percent
- IoT: $1.58 billion, up 27 percent
- EBT: $2.86 billion, up 25 percent
- EBT margin: 30 percent

QTL (Qualcomm Technology Licensing)
- Revenue: $1.32 billion, flat year-over-year
- EBT: $929 million
- EBT margin: 70 percent

Capital Return
- $2.7 billion returned to shareholders
- $938 million in dividends
- $1.7 billion in share repurchases (11 million shares)

Outlook for Q3 FY2025
- Revenue guidance: $9.9 to $10.7 billion
- QCT: $8.7 to $9.3 billion
- QTL: $1.15 to $1.35 billion
- GAAP EPS: $2.14 to $2.34
- Non-GAAP EPS: $2.60 to $2.80

Qualcomm Incorporated (NASDAQ: QCOM) today announced a quarterly cash dividend of $0.89 per common share, payable on June 26, 2025, to stockholders of record at the close of business on June 5, 2025.

Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company’s financial results for its second quarter of fiscal 2025 on Wednesday, April 30, 2025, after the close of the market on the Company’s Investor Relations website, at https://investor.qualcomm.com/financial-information.

Qualcomm Acquires VinAI’s Generative AI Division to Advance Global AI Innovation

Qualcomm has announced the acquisition of MovianAI, the generative AI division of Vietnam-based VinAI, as part of its strategy to expand its artificial intelligence capabilities. The move brings advanced generative AI expertise and a high-caliber team led by Dr. Hung Bui, who will join Qualcomm following the acquisition.

This acquisition strengthens Qualcomm’s research and development efforts in AI, accelerating innovations across devices and platforms such as smartphones, PCs, and software-defined vehicles. VinAI is known for its work in generative AI, machine learning, natural language processing, and computer vision.

Qualcomm emphasized that this deal reflects its ongoing commitment to investing in AI R&D and building on its strong ties with Vietnam’s technology sector. With more than two decades of collaboration with Vietnamese tech companies, Qualcomm continues to support the country’s digital development and global tech presence.

The addition of VinAI’s generative AI team is expected to enhance Qualcomm’s capacity to deliver cutting-edge AI solutions that can scale across industries, enabling smarter, more efficient technologies for both businesses and consumers worldwide.

Qualcomm Acquires VinAI Division to Boost Generative AI Capabilitie

Qualcomm announced its acquisition of MovianAI, the generative AI division of VinAI, part of Vietnam's Vingroup ecosystem. This move aims to strengthen Qualcomm’s research and development in generative AI, accelerating innovations in smartphones, PCs, software-defined vehicles, and other connected devices.

The team, led by VinAI’s founder and CEO Dr. Hung Bui, who previously worked at Google DeepMind, will join Qualcomm to integrate their expertise in AI, machine learning, and natural language processing. The acquisition deepens Qualcomm’s long-standing collaboration with Vietnam’s tech industry and reinforces its commitment to advancing AI capabilities globally.

Qualcomm’s goal is to scale fundamental AI breakthroughs across industries using its Snapdragon and Dragonwing platforms. The acquisition is positioned as a strategic step in Qualcomm’s ongoing efforts to power intelligent computing everywhere and support digital transformation through advanced AI solutions.

Intel Investors Just Got Great News From Amazon

Intel (NASDAQ: INTC) is facing multiple headwinds in its core PC CPU market. While Intel extended warranties, this mishap almost certainly pushed some customers to rival Advanced Micro Devices. While gaming accounts for only a portion of the PC CPU market, AMD's products probably came to be viewed as a low-risk alternative.

China's Xi to meet with BMW, Mercedes, Qualcomm CEOs, sources say

The global heads of German automakers BMW and Mercedes, as well as chip giant Qualcomm are among foreign business leaders due to meet with Chinese President Xi Jinping this week, two sources said on Thursday. The meeting in Beijing planned for Friday comes as Chinese authorities seek to bolster ties with foreign companies amid a drop in investment and in the face of U.S. tariffs targeting the world's second-biggest economy. The meeting follows on from last weekend's China Development Forum (CDF), a flagship business event that this year saw Premier Li Qiang urge countries to open their markets and combat "rising instability and uncertainty".

**Qualcomm CEO Cristiano Amon to Deliver Keynote at COMPUTEX 2025**

Cristiano Amon, President and CEO of Qualcomm, will headline COMPUTEX 2025 with a keynote on May 19, focusing on how AI is transforming device experiences and ecosystems. Amon is known for driving Qualcomm’s advancements in edge AI and 5G across sectors including automotive, AR/VR, and computing.

COMPUTEX 2025, themed “AI Next,” runs May 20–23 in Taipei and will feature 1,400 exhibitors across 4,800 booths, showcasing innovations in AI & Robotics, Next-Gen Tech, and Future Mobility. Registration for the keynote opens in April.

QUALCOMM Stockholders Approve Board Nominees and Compensation Plan at 2025 Annual Meeting

San Diego, CA – March 20, 2025 – QUALCOMM Incorporated (Nasdaq: QCOM) held its 2025 Annual Meeting of Stockholders on March 18. All 11 director nominees were elected, PricewaterhouseCoopers LLP was ratified as the independent public accountant, and shareholders approved the executive compensation and the amended 2023 Long-Term Incentive Plan. However, a stockholder proposal to "Protect Retirement Benefits" was rejected.

T-Mobile has announced a record-breaking achievement in 5G speeds, reaching 6.3 Gbps using 6-Carrier Aggregation in collaboration with Nokia and Qualcomm. The test was conducted on T-Mobile’s 5G Standalone (5G SA) production network, utilizing both commercial and test devices, including a Samsung Galaxy S25 and a mobile test device with Qualcomm's newly announced X85 5G Modem-RF.

The first test, conducted with a Samsung Galaxy S25 and Qualcomm’s Snapdragon X80 5G Modem-RF System, achieved 4.3 Gbps in real-world conditions. In the second test, using Qualcomm's X85 modem on a non-commercial test device, speeds reached 6.3 Gbps, demonstrating the next evolution of 5G Advanced.

This achievement combines low-band and mid-band spectrum across T-Mobile’s owned frequencies (2.5GHz, PCS, AWS, and 600MHz), providing a foundation for future 5G advancements. The milestone highlights T-Mobile’s leadership in network innovation and its commitment to delivering faster, more reliable connectivity for customers.

T-Mobile, Nokia, and Qualcomm emphasize that this breakthrough will not only enhance current network performance but also lay the groundwork for the next generation of 5G applications.

Qualcomm Incorporated (NASDAQ: QCOM) today announced that its Board of Directors has approved an increase in the Company’s quarterly cash dividend from $0.85 to $0.89 per share of common stock. This dividend increase will be effective for quarterly dividends payable after March 27, 2025, and will raise the annualized dividend payout to $3.56 per share of common stock.

Cristiano Amon, President and CEO of Qualcomm Incorporated, said, “We are pleased to announce an increase in our quarterly dividend. Given our long-term growth expectations we provided at our 2024 Investor Day, we remain committed to returning capital to stockholders through a balanced capital return policy, including a baseline of anti-dilutive stock repurchases, and an annualized dividend target of low- to mid-single-digit percentage growth.”

Qualcomm Technologies, Inc. has announced its 2025 lineup of Snapdragon G Series Gaming Platforms, designed to power handheld gaming devices with enhanced performance and immersive experiences. The new portfolio includes Snapdragon G3 Gen 3, Snapdragon G2 Gen 2, and Snapdragon G1 Gen 2, each tailored for different gaming needs.

Snapdragon G3 Gen 3 is the first in the series to support Unreal Engine 5's Lumen for Android handheld gaming devices. It features a 30% faster CPU and 28% improved graphics performance compared to the previous generation, with enhanced power efficiency and support for Wi-Fi 7 to reduce latency.

Snapdragon G2 Gen 2 is designed for gaming and cloud gaming at 144FPS, offering a 2.3x increase in CPU performance and 3.8x faster GPU capabilities over its predecessor. It also includes Wi-Fi 7 for improved connectivity.

Snapdragon G1 Gen 2 is aimed at a broader gaming audience, supporting up to 1080p at 120 FPS over Wi-Fi. It delivers 80% faster CPU and 25% faster GPU performance, making cloud gaming on Android handheld devices more seamless.

According to Micah Knapp, Senior Director of Product Management at Qualcomm Technologies, these next-generation processors will define the future of handheld gaming by supporting a variety of play styles and form factors.

Starting this quarter, OEMs such as AYANEO, ONEXSUGAR, and Retroid Pocket will begin releasing devices powered by the latest Snapdragon G Series platforms.

Qualcomm and Palantir are collaborating to integrate Palantir’s AI and Ontology capabilities with Qualcomm’s edge computing platforms. This partnership aims to enhance real-time data processing for industries such as manufacturing, automotive, and industrial IoT, even in remote or offline environments.

By combining Qualcomm’s AI-powered edge processors with Palantir’s AI software, the collaboration will enable scalable AI solutions that improve decision-making, efficiency, and security. The partnership also leverages Qualcomm’s Dragonwing processors and Palantir’s Apollo platform to streamline AI deployment across edge and cloud infrastructures.

For more details, visit Qualcomm or Palantir’s websites.

Qualcomm has announced its acquisition of Edge Impulse Inc., a move aimed at enhancing its AI and IoT capabilities. The acquisition, unveiled at Embedded World Germany, will empower more than 170,000 developers by enabling them to create, deploy, and monitor AI models for various edge applications and hardware.

This acquisition aligns with Qualcomm’s broader strategy for IoT transformation, which includes a comprehensive chipset roadmap, a unified software architecture, a suite of services, and strong developer resources. By integrating Edge Impulse’s AI platform, Qualcomm aims to strengthen its position in key sectors such as retail, security, energy, supply chain management, and asset tracking.

Edge Impulse’s AI platform supports multiple microcontrollers and processors, facilitating AI-powered applications in predictive maintenance, anomaly detection, and more. Qualcomm plans to integrate this technology with its Dragonwing processors, optimizing AI model performance and efficiency.

The deal is expected to bolster Qualcomm’s leadership in edge AI and developer enablement while maintaining Edge Impulse’s existing platform and brand.

Qualcomm reported record revenues of $11.7 billion for Q1 fiscal 2025, a 17% increase from the previous year. GAAP EPS was $2.83, while non-GAAP EPS reached a record $3.41. QCT revenues surpassed $10 billion, with record results in handsets and automotive. QCT handsets grew 13%, automotive rose 61%, and IoT increased 36%. Qualcomm returned $2.7 billion to stockholders through dividends and share repurchases. CEO Cristiano Amon highlighted strong technology and demand, reaffirming the company’s goal of reaching $22 billion in non-handset revenues by fiscal 2029.

Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company’s financial results for its first quarter fiscal 2025 on Wednesday, February 5, 2025, after the close of the market

Qualcomm Incorporated announced a quarterly cash dividend of $0.85 per common share, payable on March 27, 2025, to stockholders of record as of March 6, 2025. The company, known for its nearly 40-year leadership in technology innovation, continues to drive transformation across industries through its Snapdragon-branded platforms and advanced AI, low-power computing, and connectivity solutions. Qualcomm's business includes its licensing division, QTL, and its product-focused subsidiary, Qualcomm Technologies, Inc., which manages engineering, R&D, and the QCT semiconductor business.

QUALCOMM Incorporated (QCOM): Advancing AI-Powered Snapdragon Platforms to Seize a $900 Billion Opportunity

We recently compiled a list of the 20 Best Artificial Intelligence (AI) Stocks to Buy According to Analysts. In this article, we are going to take a look at where QUALCOMM Incorporated (NASDAQ:QCOM) stands against the other AI stocks. Consumer Electronics Show (CES) 2025 revolved around AI. If not, it’s all that exhibitors could show. Talking […]

Qualcomm hires Intel's Xeon architect to lead development of server CPUs

#NASDAQ:MSFT

IBM Establishes Microsoft Practice to Boost Client Transformations

IBM announced the launch of a new Microsoft Practice within IBM Consulting to strengthen its partnership with Microsoft and deliver enhanced AI, cloud, and security solutions. The practice will leverage IBM's industry expertise and Microsoft’s technology, including Copilot, Azure OpenAI, and Fabric, aiming to simplify digital transformations for businesses. Supported by over 33,000 Microsoft-certified professionals, the initiative offers end-to-end services, strong security, and global scale. IBM plans to develop new solutions across industries like retail, government, and financial services, building on previous successful projects such as their collaboration with the State of Arizona.

Microsoft Corporation (MSFT): AI, Azure, and the Challenge of Monetizing Innovation

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Microsoft (MSFT) Partners with Inait to Drive AI Innovation in Finance and Robotics

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Oracle, Microsoft add new services to Oracle Database@Azure | Markets Insider

Oracle (ORCL) announced the general availability of Oracle Exadata Database Service on Exascale Infrastructure on Oracle Database@Azure. The Exa...

Ellucian is expanding its collaboration with Microsoft to enhance its CRM solutions for higher education. The transition of CRM Recruit, CRM Advise, and CRM Advance to Microsoft Dynamics 365 Sales, Customer Service, and Power Platform will improve student engagement, recruitment, and alumni relations through AI-driven capabilities, greater security, and scalability.

The update aims to streamline workflows, boost productivity, and enhance institutional resilience. Microsoft’s Hether Danforth emphasized the partnership’s goal of optimizing recruitment and student success while ensuring institutions benefit from Microsoft’s secure and innovative platform.
PR NEWSWIRE

Taboola CEO tells Axios deal struck to sell display ads on Microsoft properties | Markets Insider

Taboola (TBLA) founder and CEO Adam Singolda told Axios that the company struck a deal with Microsoft (MSFT) to sell display ads for MSN.com, Mi...

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced that NVIDIA and xAI are joining the AI Infrastructure Partnership (AIP), strengthening efforts to invest in AI data centers and related infrastructure. The partnership, initially launched in September 2024, aims to unlock $30 billion in capital, with a total investment potential of up to $100 billion through debt financing.

AIP focuses on expanding AI infrastructure across the U.S. and OECD countries, fostering AI innovation and economic growth. NVIDIA will continue as a technical advisor, leveraging its expertise in AI computing. Additionally, GE Vernova and NextEra Energy will collaborate with AIP to scale energy solutions for AI data centers, incorporating gas, nuclear, and renewable energy sources.

BlackRock CEO Larry Fink emphasized AI's transformative potential, while Microsoft CEO Satya Nadella highlighted AI infrastructure as a key driver of economic growth. Jensen Huang of NVIDIA described AI data centers as foundational for future technological breakthroughs.

This expanded partnership underscores the growing demand for AI-ready data centers and energy solutions, positioning AIP as a major force in AI infrastructure development.

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We recently published a list of 12 AI Stocks on Wall Street’s Radar Today. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other AI stocks that are on Wall Street’s radar today. According to a new L.E.K. Consulting report, investor sentiment today heavily ties a company’s […]

Microsoft (MSFT) Considers Using Natural Gas to Power AI Data Centers | Markets Insider

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Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.83 per share. The dividend is payable June 12, 2025, to shareholders of record on May 15, 2025. The ex-dividend date will be May 15, 2025.

Microsoft Corporation (MSFT) Cleared by UK Regulator in OpenAI Partnership Probe

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Microsoft Corporation (MSFT) to Invest $297M in South Africa for AI and Cloud Expansion

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Microsoft Withdraws from Cloud Deals with CoreWeave

Microsoft Hits Pause on Certain CoreWeave Agreements Amid Delivery Woes

The emergence of DeepSeek, a Chinese AI model demonstrating greater efficiency than prevailing technologies, raises concerns about potential overcapacity in AI infrastructure investment. DeepSeek's ability to deliver competitive results with fewer and less advanced semiconductors challenges the necessity of the massive quarterly investments in AI infrastructure, which exceed $50 billion. This shift could lead to more sustainable investment patterns, moderating revenue growth for AI chip makers while accelerating AI adoption through cost-efficient alternatives. However, geopolitical concerns and security issues may limit DeepSeek's adoption in Western markets, maintaining the dominance of existing AI chip leaders.

Source: Fitch Ratings

Microsoft reported strong financial results for the second quarter of fiscal year 2025, ending December 31, 2024. Key highlights include:

- Revenue: $69.6 billion, a 12% increase year-over-year.
- Operating Income: $31.7 billion, up 17%.
- Net Income: $24.1 billion, a 10% increase.
- Diluted Earnings Per Share: $3.23, up 10%.

Business Segment Performance:
- Productivity and Business Processes: Revenue increased 14% to $29.4 billion, driven by growth in Microsoft 365 Commercial and Dynamics products.
- Intelligent Cloud: Revenue rose 19% to $25.5 billion, with Azure and other cloud services growing by 31%.
- More Personal Computing: Revenue remained stable at $14.7 billion, with growth in Windows OEM and Devices offset by declines in other areas.

AI and Cloud Growth:
- Microsoft's AI business achieved an annual revenue run rate of $13 billion, up 175% year-over-year.
- Microsoft Cloud revenue reached $40.9 billion, a 21% increase.

Other Highlights:
- Microsoft returned $9.7 billion to shareholders through dividends and share repurchases.
- The company completed significant product releases and enhancements, focusing on innovation and market expansion.

Outlook:
Microsoft plans to continue investing in cloud and AI infrastructure while maintaining operational discipline. The company will provide detailed forward-looking guidance during its earnings conference call.

For more detailed information, Microsoft's full financial statements and additional disclosures are available in their SEC filings and on their investor relations website.

On January 22, 2025, Microsoft Corporation announced the resignation of Christopher D. Young from his role as Executive Vice President of Business Development, Strategy, and Ventures. Although he will step down from this position effective immediately, Young will remain with the company until the end of March to assist with the transition and fulfill additional responsibilities.

Microsoft Corporation (MSFT) Is a Trending Stock: Facts to Know Before Betting on It

Microsoft (MSFT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

#NYSE:APO

Apollo Global Management has secured $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. With this latest closing, Apollo’s hybrid and opportunistic credit platform now manages approximately $40 billion. The strategy focuses on selective credit investments across private corporate credit, asset-backed finance, and secondary markets. The fund attracted backing from a broad base of institutional investors, and Apollo intends to further develop the Accord strategy as part of its hybrid credit offerings.

Apollo Global Management announced it has closed $8.5 billion in total commitments for its Accord+ strategy, including $4.8 billion for Accord+ Fund II. This brings total assets across Apollo’s hybrid and opportunistic credit platform to about $40 billion. The fund targets high-conviction credit opportunities, allocating across private corporate credit, asset-backed finance, and secondary markets. The closing drew support from a global mix of institutional investors, including pension funds and sovereign wealth funds. Apollo plans to continue expanding the Accord strategy within its hybrid credit business.

Apollo Funds to Acquire Pan-European Colocation Data Center Business from STACK Infrastructure

Apollo announced that its managed infrastructure funds have agreed to acquire the European colocation business developed by STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors. The business comprises seven interconnected data center assets across Stockholm, Oslo, Copenhagen, Milan, and Geneva, serving blue-chip clients such as telecom carriers, IT companies, and financial institutions. Following the transaction, the business will rebrand and operate independently from STACK. Apollo emphasized strong growth prospects driven by increasing demand for interconnected colocation services. The deal is subject to regulatory approvals and customary closing conditions.

Apollo and Bullrock Energy Launch $220 Million Community Solar Joint Venture

Apollo Global Management and Bullrock Energy Ventures announced a joint venture backed by a $220 million commitment from Apollo-managed funds. This investment will support nearly 500 megawatts (MW) of community solar projects across New York and New England.

**Key Highlights:**

- Apollo is contributing $100 million in equity to develop Bullrock's renewable energy pipeline.
- Bullrock operates a vertically integrated renewables platform, managing the full cycle from development to asset management.
- The collaboration will focus on expanding access to affordable, clean energy for local residents and businesses.
- The projects aim to lower energy costs, enhance grid reliability, and boost local economic development.

Apollo Partner Corinne Still emphasized the partnership's role in expanding clean power access and supporting energy transition goals. Bullrock’s leadership, Gregg and Amory Beldock, noted the strategic value of combining Bullrock’s infrastructure expertise with Apollo’s capital and platform reach.

Apollo has committed or arranged around $58 billion for climate-related investments over the past five years and targets more than $100 billion in sustainable investments by 2030 under its Climate and Transition Investment Framework (CTIF).

Apollo Appoints Gary Cohn as Lead Independent Director; Jay Clayton Steps Down Ahead of Government Role

Apollo (NYSE: APO) has announced leadership changes to its Board of Directors. Gary Cohn, Vice Chairman of IBM and former Director of the U.S. National Economic Council, has been appointed as Lead Independent Director. He succeeds Jay Clayton, who will resign from the board as he prepares to take on the role of Interim U.S. Attorney for the Southern District of New York.

In a related move, CEO Marc Rowan will assume the additional role of Chair of the Board. The appointments are part of Apollo’s ongoing commitment to strong corporate governance and strategic leadership.

Cohn brings decades of experience from his tenure at Goldman Sachs and across both public and private sectors. The company emphasized that its board will remain two-thirds independent following these changes.

Apollo Commits Up to $400 Million in New Commercial Solar Partnership With Summit Ridge Energy

Apollo Global Management has committed up to $400 million through its managed funds in a joint venture with Summit Ridge Energy to own and operate commercial solar assets across Illinois. The deal builds on a prior $175 million investment and supports over 2GW of solar projects nationwide. The partnership aims to enhance U.S. energy independence, provide savings to more than 40,000 customers, and create American jobs. Apollo’s investment contributes to its broader $58 billion commitment toward climate and energy transition-related initiatives.

Apollo Reports Preliminary Q1 Investment Results Ahead of Earnings Release
New York, NY – April 2, 2025 – Apollo Global Management, Inc. (NYSE: APO) has released preliminary estimates for its alternative net investment income for Q1 2025, ahead of its scheduled earnings report on May 2, 2025.

Apollo expects approximately $290 million (pre-tax) in alternative net investment income for the quarter ended March 31, 2025, reflecting a 9% annualized return. Subsidiary Athene Holding Ltd. saw estimated annualized returns of 10% from pooled investment vehicles and 6% from other alternative assets.

The figures are unaudited and subject to change pending final financial review. The company cautioned investors against placing undue reliance on these preliminary results.

The announcement was disclosed under Items 2.02 and 7.01 of a Form 8-K filed with the SEC and is not considered “filed” under the Exchange Act.

Apollo (NYSE: APO) plans to release financial results for the first quarter 2025 on Friday, May 2, 2025, before the opening of trading on the New York Stock Exchange. Management will review Apollo’s financial results at 8:30 am ET via public webcast available on Apollo’s Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.

Apollo has announced that its funds will acquire a majority stake in OEG Energy Group, a provider of offshore energy solutions, from Oaktree Capital Management and other investors. The deal values OEG at over $1 billion, with Oaktree retaining a minority stake.

OEG operates a global fleet of 75,000+ cargo carrying units and provides services to both oil & gas and offshore wind markets. Apollo sees strong growth potential in OEG as energy transition investments expand. The transaction, subject to regulatory approvals, is expected to close in Q2 2025.

Fitch Withdraws Apollo's Mandatory Convertible Preferred Stock Rating; Corrects Error

Apollo (NYSE: APO) today announced that its 2025 Annual Meeting of Stockholders will be held virtually on June 6, 2025, at 9:30 am ET. The record date for the meeting is April 14, 2025. Information on the virtual meeting will be included in the 2025 proxy statement.

**Apollo to Acquire Bridge Investment Group in $1.5 Billion All-Stock Deal**

Apollo Global Management (NYSE: APO) has announced its acquisition of Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion. This move expands Apollo’s real estate equity platform, strengthening its origination capabilities in both real estate equity and credit.

Bridge, which manages around $50 billion in assets, specializes in residential and industrial real estate. Following the merger, Bridge will operate as a standalone platform within Apollo’s asset management division while retaining its leadership team and brand identity. Bridge’s Executive Chairman, Bob Morse, will join Apollo as a partner and lead the firm’s real estate equity franchise.

The transaction, unanimously approved by Bridge’s independent directors, is expected to close in Q3 2025, pending regulatory approvals and stockholder consent. Bridge’s shares will be delisted from the New York Stock Exchange upon completion, making it a privately held entity.

Apollo anticipates the acquisition will be immediately accretive to its fee-related earnings and align with its long-term growth strategy in alternative investments.

**Source: Apollo Global Management, "Apollo to Acquire Bridge Investment Group," February 24, 2025.**

Apollo Global Management, Inc. reported its fourth quarter and full-year results for 2024. Highlights include record origination activity exceeding $220 billion, inflows of more than $150 billion, and assets under management surpassing $750 billion. For the fourth quarter, the company declared a cash dividend of $0.4625 per share of its Common Stock, payable on February 28, 2025, to holders of record as of February 18, 2025. Additionally, a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock was declared, with a payment date of April 30, 2025, to holders of record as of April 15, 2025.

Apollo will host a webcast on February 4, 2025, to review its financial results. For more details, visit Apollo's Investor Relations website.

Apollo Global Management announced a new five-year employment agreement for CEO Marc Rowan, maintaining his $100,000 annual salary and granting performance-based compensation with a target value of $10 million per year. The company is also establishing a $200 million donor-advised fund for philanthropy, with Rowan involved in donation recommendations. Additionally, Apollo appointed Brian Leach as an independent director, effective March 1, 2025, increasing the board size to 17 members. Leach will also serve on the Audit and Nominating and Corporate Governance Committees.

Apollo has announced key leadership changes to align with its five-year strategic plan, aiming to enhance its operational capabilities and growth across various sectors. As part of this strategic shift:

Jim Zelter has been appointed as the President of Apollo Global Management, Inc. (AGM), which acts as the holding entity for Apollo’s asset management and retirement services. This newly created role is integral to driving Apollo's significant growth plans. Zelter's responsibilities will include leading strategic initiatives across both Apollo Asset Management, Inc. (AAM) and Athene Holding Ltd. subsidiaries.

John Zito has been appointed as Co-President of AAM, where he will work alongside Scott Kleinman. Together, they will manage all investing activities and the day-to-day operations of the asset management business. Zito will also continue in his role as Head of Credit for Apollo.

These leadership appointments are in line with Apollo's vision of becoming a next-generation financial services firm, as emphasized by CEO Marc Rowan. Rowan's leadership will continue to be a pivotal element of Apollo’s strategy, as the firm is finalizing a five-year extension of his employment agreement.

Jay Clayton, Chair of Apollo Global Management, highlighted these changes as a testament to Apollo’s commitment to strong, shareholder-aligned stewardship, expressing confidence in the senior leadership team's ability to fulfill the firm's ambitious plans.

The announcements were made as part of a broader narrative emphasizing Apollo’s adaptive strategies in response to the evolving financial landscape, focusing on the convergence of public and private markets and the changing roles within financial institutions. These leadership changes are set to position Apollo strongly for future growth and operational efficiency.

#NASDAQ:MRVL

Marvell Technology announced that board members Michael Strachan and Robert Switz will not seek reelection at the company’s Annual Meeting of Stockholders on June 13, 2025. Both have served since 2016 and played key roles during Marvell’s transformation. Strachan has been Lead Independent Director and Audit Committee Chair, while Switz led the Executive Compensation Committee. Brad Buss, a director since 2018, will become Lead Independent Director following the meeting. The remaining board members, including CEO Matt Murphy, are nominated for reelection. Marvell emphasized the contributions of both departing directors and its strong position in data infrastructure and AI.

Marvell achieves successful interoperability of Structera CXL portfolio with AMD EPYC and Intel Xeon platforms

Marvell Technology announced that its Structera portfolio of Compute Express Link (CXL) devices has demonstrated interoperability with AMD EPYC processors and 5th Gen Intel Xeon Scalable platforms. This development supports the adoption of CXL 2.0 solutions in next-generation cloud data centers, addressing memory bandwidth and capacity demands.

Key highlights:

- Interoperability testing with AMD and Intel across various workloads and configurations validated stability, scalability, and performance.
- Structera supports memory expansion and workload acceleration for cloud service providers and OEMs.
- Enables deployment across diverse hardware configurations using both AMD and Intel architectures.

Product details:

- Structera A includes near-memory accelerators with Arm Neoverse V2 cores, DDR5 support, and up to 1.6 Tbps bandwidth for workloads like deep learning recommendation models.
- Structera X offers memory expansion using DDR4 and DDR5 DIMMs, focused on cost and energy efficiency.

Executive commentary:

Will Chu of Marvell stated that the collaboration with AMD and Intel supports a scalable infrastructure and reduces complexity. Raghu Nambiar of AMD emphasized combining EPYC processors with Marvell’s CXL solutions to improve memory efficiency and flexibility. Richelle Ahlvers of Intel confirmed support for CXL 2.0 to optimize memory deployment across data centers.

Marvell to Sell Automotive Ethernet Business to Infineon for $2.5 Billion in Cash

Marvell Technology announced that it has entered into a definitive agreement to sell its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in an all-cash transaction. The sale includes Marvell’s Brightlane® Automotive Ethernet portfolio and is expected to close later in 2025, pending regulatory approvals.

The business currently generates between $225–250 million in annual revenue and represents a key divestiture as Marvell sharpens its focus on core data infrastructure solutions. CEO Matt Murphy stated the deal delivers strong financial returns and positions the business for continued success under Infineon's automotive-optimized platform. Marvell will provide more details during its Q1 fiscal 2026 earnings call on May 29, 2025.

Marvell Technology, Inc. (NASDAQ: MRVL) today announced it will conduct a conference call following the release of its first quarter of fiscal year 2026 financial results on Thursday, May 29, 2025, at 1:45 p.m. Pacific Time.

Marvell Showcases Next-Gen Copper Connectivity with AEC DSPs at OFC 2025

Marvell Technology has unveiled new demonstrations of its Alaska® A 800G and 1.6T PAM4 DSPs for Active Electrical Cables (AECs) at OFC 2025. Developed in partnership with major cable manufacturers like 3M, Amphenol, Broadex, Luxshare-Tech, and TE Connectivity, these technologies support rapidly increasing bandwidth needs driven by AI and cloud computing.

The Alaska A 1.6T DSP, designed for 200G/lane infrastructures, enables high-performance copper interconnects up to three meters inside data center racks. Meanwhile, the 800G DSP supports 100G/lane connections for up to seven meters—more than triple the reach of passive copper cables at that bandwidth.

AECs, combining copper cabling with DSPs originally used in optical modules, are ideal for short-reach, high-bandwidth applications in AI server environments. Marvell’s innovation is set to help hyperscalers scale up efficiently while ensuring signal integrity and power efficiency.

The Alaska A 1.6T DSP is now generally available, with demonstrations taking place at partner booths throughout OFC 2025. Marvell projects strong growth in the AEC silicon market, expected to reach $1.3 billion by 2029.

Marvell Highlights Next-Gen Interconnect Technologies for AI at OFC 2025

Marvell Technology showcased its latest interconnect innovations for AI-driven infrastructure at OFC 2025 in San Francisco. The company emphasized technologies designed to support scale-up and scale-out networks, with a focus on higher bandwidth, energy efficiency, and extended reach to meet the needs of next-generation AI and cloud data centers.

As AI infrastructure becomes more complex, Marvell is introducing solutions to support rack- and row-scale systems, including co-packaged optics (CPO), linear pluggable optics (LPO), active electrical cables (AEC), and PCIe retimer technologies. These advancements are expected to help handle larger data volumes, reduce latency, and support more powerful AI training and inference.

Key technologies on display included:
- 400G PAM4 electrical-to-optical links operating at 224 Gbaud.
- New co-packaged and near-packaged platforms for dense interconnect needs.
- A 1.6T silicon photonics light engine operating at 200G per lane.
- Ara, a 3nm 1.6T PAM4 platform for high-bandwidth optical interconnects.
- COLORZ 800, an 800G pluggable optics module enabling long-distance AI data transfers.
- Alaska A AEC DSPs delivering 1.6T bandwidth across 200G lanes.
- PCIe Gen 6 and Gen 7 retimer technologies demonstrated over optics.
- A 51.2T scale-out fabric model simulating real-time AI cluster traffic.

Executives also participated in panels and technical sessions, underscoring Marvell’s leadership in shaping AI connectivity. The company’s roadmap shows its commitment to collaborating with industry partners to support the future of data infrastructure.

Marvell Unveils 1.6T Silicon Photonics Light Engine for AI Networks at OFC 2025

Marvell Technology has introduced its 1.6T silicon photonics light engine at OFC 2025, aimed at transforming rack-scale AI interconnects. The new device, part of Marvell’s light engine portfolio, is designed for low-power, high-bandwidth applications using linear-drive pluggable optics (LPO) and on-board optics. It supports eight channels of 200 Gbps PAM4 optical signaling, enabling a total throughput of 1.6 terabits per second.

The light engine integrates key components including linear drivers, transimpedance amplifiers, a silicon photonics chip, and an embedded microcontroller, all within a single compact package. It consumes less than 5 picojoules per bit under typical conditions and is optimized for use in LPO modules, retimed optics, and as a foundation for co-packaged optics (CPO) systems.

The technology offers a power-efficient alternative to passive copper for rack-scale and row-scale connectivity in AI systems. Its modular design helps speed up system integration and time to market for hyperscalers and optical module vendors.

Currently sampling to select customers, the 1.6T light engine positions Marvell to lead the transition from copper to optical connectivity in future data center infrastructure.

Marvell Unveils Breakthrough 400G/Lane PAM4 Technology at OFC 2025

Marvell Technology has introduced the industry’s first 400G/lane PAM4 electrical-to-optical link, marking a major milestone in data infrastructure innovation. The demonstration, showcased at OFC 2025 in San Francisco, features a complete link operating at 224 Gbaud using real silicon, representing a fourfold increase in bandwidth over today’s common 100G/lane systems and double that of the 200G/lane technology being deployed this year.

The breakthrough is the result of collaboration with optical and switch leaders including Lumentum, TeraHop, and Coherent. Demonstrations at the event include key components such as PAM4 DSPs, transimpedance amplifiers, and photonics technologies tailored for serial 400G/lane speeds.

This advancement aims to dramatically boost bandwidth and efficiency in cloud data centers and AI infrastructures, supporting faster data processing and shorter AI training times. With pluggable transceiver modules expected to dominate optical connectivity through 2030, Marvell and its partners are laying the groundwork for scalable, high-speed networks.

Marvell’s long-standing leadership in PAM4 technology is now extending into the 400G era, offering a future-ready solution for evolving connectivity demands in data-driven industries.

**Marvell and TeraHop Unveil First End-to-End PCIe Gen 6 Over Optics at OFC 2025**

On March 27, 2025, Marvell Technology, Inc. announced a breakthrough collaboration with optical solutions provider TeraHop, showcasing the industry’s first end-to-end PCIe Gen 6 over optics at OFC 2025 in Santa Clara, California. The demonstration highlights a successful transmission of PCIe Gen 6 signals across a 10-meter optical link, using Marvell’s Alaska P PCIe Gen 6 retimer integrated into a TeraHop-designed riser card and active optical cable.

The solution offers low-latency, low bit-error-rate transmission while extending PCIe's traditional electrical reach. It is designed to support scale-up infrastructure in AI-driven data centers, enabling high-speed optical connectivity between AI accelerators, CPUs, SSDs, NICs, and memory using PCIe or CXL protocols.

Additionally, Marvell and TeraHop previewed PCIe Gen 7 SerDes running at 128 GT/s over optical modules, pointing to future standard-based, high-performance, low-latency interconnects. Marvell emphasized its commitment to advancing interconnect technologies essential for the growing demands of AI infrastructure.

Marvell Vice President Xi Wang noted this development as a milestone for scalable AI systems, while TeraHop's VP Rang-Chen Yu emphasized the role of optical innovation in hyperscale data centers.

For more, visit www.marvell.com.

Marvell Showcases Industry’s First End-to-End PCIe Gen 6 Over Optics at OFC 2025

Santa Clara, CA – Marvell Technology, Inc. and TeraHop have announced a joint demonstration of the industry's first end-to-end PCIe Gen 6 over optics solution at OFC 2025. The demonstration showcases low-latency transmission over a 10-meter optical link using Marvell’s Alaska P PCIe Gen 6 retimer, enabling scalable, high-performance infrastructure for AI data centers.

This solution addresses the growing bandwidth and distance needs of AI-driven workloads by converting electrical PCIe signals into optical data. The demo includes PCIe Gen 6 signals traveling between the root complex and endpoint via TeraHop’s OSFP-XD active optical cable, using a custom retimed riser card. It ensures fast, reliable connections among CPUs, AI accelerators, CXL memory, SSDs, and NICs.

Additionally, Marvell and TeraHop demonstrated PCIe Gen 7 SerDes operating at 128 GT/s over linear-drive pluggable optics, highlighting future-ready performance for hyperscale environments.

TeraHop VP of Marketing Rang-Chen Yu emphasized the value of the partnership in accelerating adoption of high-speed connectivity. Xi Wang, VP and GM of Marvell’s Connectivity Business Unit, noted that the demonstration affirms Marvell’s leadership in enabling low-latency AI infrastructure through PCIe innovation and PAM technologies.

The solution is designed to support hyperscaler demands for performance, efficiency, and scalability in the next generation of accelerated data centers.

For more details, visit [www.marvell.com](https://www.marvell.com).

Marvell Technology (NasdaqGS:MRVL) Declares US$0.06 Dividend As Shares Gain 2%

Marvell Technology (NasdaqGS:MRVL) recently affirmed its quarterly dividend of $0.06 per share, confirming its dedication to providing shareholder value amidst market fluctuations. The company's stock saw a 2% increase over the past week, coinciding with broader market trends where indexes like the Nasdaq ended a losing streak, buoyed by gains in big tech stocks. While the S&P 500 posted a minor weekly gain, Marvell's performance stands out, likely benefiting from investor confidence sparked...

Marvell Technology Files Prospectus Supplement
March 12, 2025 – Marvell Technology, Inc. (Nasdaq: MRVL) announced the filing of a prospectus supplement to its automatic shelf registration statement on Form S-3 with the SEC.

The filing is related to the issuance and sale of securities as outlined in the supplement.
Legal opinion from Wilson Sonsini Goodrich & Rosati regarding the validity of the securities issuance is attached as Exhibit 5.1.

Marvell Technology Reports Strong Fiscal 2025 Q4 and Full-Year Results

Santa Clara, Calif. – March 5, 2025 – Marvell Technology, Inc. (NASDAQ: MRVL) has announced its financial results for the fourth quarter and fiscal year ending February 1, 2025, with record quarterly revenue of $1.817 billion, reflecting a 27% year-over-year increase. The company also reported significant growth in the data center segment and strong cash flow performance.

Key Financial Highlights
Fourth Quarter Fiscal 2025

Net revenue: $1.817 billion, up 27% year-over-year
GAAP gross margin: 50.5%; non-GAAP gross margin: 60.1%
GAAP diluted income per share: $0.23; non-GAAP diluted income per share: $0.60
Cash flow from operations: $514.0 million
Full Year Fiscal 2025

Net revenue: $5.767 billion
GAAP net loss: $(885.0) million, or $(1.02) per diluted share
Non-GAAP net income: $1.377 billion, or $1.57 per diluted share
Operating cash flow: $1.68 billion
Matt Murphy, Chairman and CEO of Marvell, highlighted the company’s strong performance, noting record revenue growth driven by a 78% year-over-year increase in data center revenue. Marvell also secured multiple design wins for custom AI silicon programs and interconnect products, positioning the company for further expansion in fiscal 2026.

Fiscal 2026 Q1 Outlook
Expected net revenue: $1.875 billion +/- 5%
GAAP gross margin: ~50.5%; non-GAAP gross margin: ~60%
GAAP operating expenses: ~$712 million; non-GAAP operating expenses: ~$490 million
GAAP diluted net income per share: $0.19 +/- $0.05
Non-GAAP diluted net income per share: $0.61 +/- $0.05
Growth in Data Infrastructure Markets
Marvell’s revenue growth was fueled by a surge in demand for its data center solutions, which accounted for 75% of total revenue in Q4. Other end markets, including enterprise networking and carrier infrastructure, saw mixed performance.

Revenue by End Market (Q4 Fiscal 2025 vs. Q4 Fiscal 2024)

Data center: $1.37 billion (+78%)
Enterprise networking: $171.4 million (-35%)
Carrier infrastructure: $105.8 million (-38%)
Consumer: $88.7 million (-38%)
Automotive/industrial: $85.7 million (+4%)
Strategic Investments and Future Outlook
Marvell continues to expand its AI and cloud data center offerings. With volume production of custom AI silicon programs underway and strong demand for interconnect solutions, the company expects over 60% year-over-year revenue growth in Q1 fiscal 2026.

Conference Call and Webcast
Marvell will host a conference call on March 5, 2025, at 1:45 p.m. Pacific Time to discuss the results. A live webcast will be available on the Marvell Investor Relations website, with a replay accessible until March 12, 2025.

Forward-Looking Statements
This report contains forward-looking statements subject to risks and uncertainties, including demand fluctuations, geopolitical conditions, and evolving industry trends. Investors are advised to review Marvell’s SEC filings for a comprehensive risk assessment.

About Marvell
Marvell Technology develops semiconductor solutions for data infrastructure, enabling enterprises, cloud providers, and communications networks to manage, store, and process data efficiently. Trusted by leading technology companies, Marvell continues to innovate in AI, 5G, and cloud computing.

Marvell Technology has demonstrated its first 2nm silicon IP, built on TSMC’s 2nm process, for next-generation AI and cloud infrastructure. The new platform is designed to enhance hyperscalers’ performance and efficiency, supporting the development of custom AI accelerators, CPUs, and networking solutions. The technology includes high-speed 3D I/O for vertically stacking die inside chiplets, a key innovation to increase bandwidth and reduce connections.

This 2nm platform continues Marvell’s leadership in advanced semiconductor manufacturing, following its 5nm platform in 2020 and 3nm platform in 2022. The company’s approach integrates high-speed SerDes, die-to-die interconnects, custom high-bandwidth memory, and compute fabrics like PCIe Gen 7 to build custom AI and cloud solutions.

Marvell's collaboration with TSMC is critical to developing high-performance, power-efficient silicon solutions for AI infrastructure. TSMC's senior vice president Kevin Zhang emphasized their joint effort in utilizing advanced silicon and packaging technologies to push the boundaries of AI processing capabilities.

(Source: Marvell Technology)

Marvell Technology (NASDAQ:MRVL) Price Target Raised to $150.00 at Barclays

Barclays lifted their target price on Marvell Technology from $115.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday.

Marvell Technology, Inc. has announced it will host an Investor Day in New York City on Tuesday, June 10, 2025. The event will feature presentations from Chairman and CEO Matt Murphy, along with the senior leadership team. Further details, including webcast access information, will be shared closer to the event. Attendance is by invitation only.

Marvell, a leader in data infrastructure semiconductor solutions, focuses on enabling enterprise, cloud, automotive, and carrier architectures through its innovative semiconductor technologies. For over 25 years, the company has collaborated closely with leading technology firms to move, store, process, and secure global data.

For more details, investors can contact Senior Vice President of Investor Relations, Ashish Saran, at ir@marvell.com.

Marvell Technology, Inc. (MRVL) is Attracting Investor Attention: Here is What You Should Know

Marvell (MRVL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Marvell Technology, Inc. To Host Investor Day - Jan 16, 2025

See the latest Marvell announcements, news releases and news on Data Center & Cloud, networking, security, Storage, Carrier, Automotive, collaboration and digital transformation.

Marvell Technology (MRVL) Exceeds Market Returns: Some Facts to Consider

Marvell Technology (MRVL) concluded the recent trading session at $115.15, signifying a +0.73% move from its prior day's close.

#NYSE:LMT

Lockheed Martin has completed development and testing of NASA's Orion spacecraft for the Artemis II mission and officially handed it over to NASA’s Exploration Ground Systems.
This marks a key milestone in the Artemis program, which aims to return humans to the Moon and eventually reach Mars. The Artemis II mission, scheduled for early 2026, will be the first crewed Orion flight, carrying four astronauts—including one from Canada—on a 10-day journey beyond the Moon. The upgraded spacecraft now includes critical life-support systems, enhanced controls, laser communications, and a launch abort system. Orion will next undergo final launch preparations at Kennedy Space Center.

Lockheed Martin and Rheinmetall Expand Strategic Cooperation in Europe

Lockheed Martin and Rheinmetall have signed an extension to their 2024 Memorandum of Understanding to deepen their collaboration by creating a European centre of excellence for rocket and missile production. The centre, to be led by Rheinmetall and based in Germany, aims to strengthen Europe’s defence capabilities and help NATO members meet growing security demands.

The initiative will combine Lockheed Martin’s missile technologies with Rheinmetall’s regional production and market reach. Pending U.S. and German government approval, the centre is intended to serve as a key distribution and manufacturing hub across Europe.

This partnership builds on past cooperation, including their joint GMARS rocket system project. Rheinmetall will also soon begin producing F-35 fuselage centre sections in Weeze, marking its entry into high-tech military aerospace manufacturing.

Executives from both companies emphasized the collaboration’s role in enhancing transatlantic defence ties, regional job creation, and the modernization of European military infrastructure.

Sikorsky, a Lockheed Martin company, and Bristow Group announced a long-term agreement to support Bristow’s global fleet of more than 60 S-92 helicopters, used primarily in offshore energy and search and rescue operations. The deal includes the Sikorsky Total Assurance Program (TAP), a power-by-the-hour arrangement that covers over 90 percent of replacement part costs and ensures budget predictability.

The support package offers access to Sikorsky’s global logistics network and Sikorsky360 portal for parts ordering, status updates, financial info, and aircraft data. Sikorsky is also introducing enhancements to the S-92 platform, including a new main gearbox with an auxiliary lubrication system that maintains flight capability after oil pressure loss. FAA certification is expected in 2025.

Sikorsky has also extended inspection intervals and granted life extensions for certain gearbox components, enabling operators to reduce downtime and extend service life by 12 to 24 months depending on usage.

The agreement strengthens Sikorsky’s commitment to commercial aviation and Bristow’s position as the largest S-92 operator worldwide.

The U.S. State Department has approved the proposed sale of 20 F-16 Block 70 aircraft to the Philippines, marking a major step in the country's air defense modernization.

The F-16 Block 70, known for its advanced mission systems and Auto GCAS safety technology, will boost the Philippines' self-reliant defense posture.

The platform is compatible with the Philippine Air Force’s existing FA-50 jets, improving affordability and pilot training efficiency. Local maintenance capabilities are expected to ensure operational readiness of the fleet.

The F-16 recently demonstrated its interoperability during the Cope Thunder exercise at Clark Air Base. Lockheed Martin also highlighted potential industrial cooperation and R&D collaboration opportunities with the Philippines.

Lockheed Martin continues to support Philippine defense capabilities, already partnering on Black Hawk and C-130 platforms.

Lockheed Martin to Acquire Amentum’s Rapid Solutions Unit to Bolster Defense Innovation
Bethesda, MD — Lockheed Martin announced it has entered into a definitive agreement to acquire the Rapid Solutions business of Amentum, a company known for its engineering and technology solutions. The acquisition aims to strengthen Lockheed Martin’s ability to deliver advanced defense technologies, particularly in intelligence, surveillance and reconnaissance (ISR), tactical systems, and advanced communications.

Rapid Solutions brings expertise in multi-domain operations and technologies like Electronically Steered Arrays, complementing Lockheed Martin’s role as a prime integrator in defense systems. The move aligns with Lockheed Martin’s 21st Century Security® strategy and supports national security priorities such as the Golden Dome for America initiative.

Tahllee Baynard, VP of Ignite at Lockheed Martin, said the acquisition would enhance how the company delivers critical mission capabilities with greater speed and efficiency. Once finalized, the Rapid Solutions team will be integrated into Lockheed Martin’s Space business segment.

The transaction remains subject to regulatory approvals and customary closing conditions. Terms of the deal were not disclosed.

Lockheed Martin Reports First Quarter 2025 Financial Results

Sales increased 4% to $18.0 billion
Net earnings of $1.7 billion, or $7.28 per share
Cash from operations of $1.4 billion and free cash flow of $955 million
Returned $1.5 billion of cash to shareholders through dividends and share repurchases
Reaffirms 2025 financial outlook

Lockheed Martin Appoints Evan Scott as New CFO Following Malave’s Departure

Lockheed Martin (NYSE: LMT) announced a key leadership change as Evan Scott has been named the company’s new chief financial officer, effective immediately. Scott succeeds Jesus "Jay" Malave, who is leaving to pursue other opportunities.

Scott is a 26-year veteran of the company, previously serving as treasurer and CFO of two Lockheed Martin business units. Chairman, President, and CEO James Taiclet praised Scott's extensive experience and leadership, noting his deep understanding of the company’s operations and mission.

The company reaffirmed that it will hold its scheduled first quarter 2025 earnings webcast on April 22 at 11 a.m. ET. CEO James Taiclet and VP Maria Ricciardone will discuss results, confirm prior 2025 guidance—excluding effects from tariff changes and the recent Next Generation Air Dominance development—and provide updates on key business topics.

Earnings results and accompanying materials will be posted at www.lockheedmartin.com/investor prior to the market opening on the same day.

Lockheed Martin and Bulgaria Mark Arrival of First F-16 Block 70 Jet

Lockheed Martin and the Bulgarian Ministry of Defence celebrated the arrival of the first F-16 Block 70 fighter jet in Bulgaria, marking the beginning of F-16 operations in the country. The event took place at Graf Ignatievo Air Base.

Bulgaria has ordered 16 F-16 Block 70 jets, with the first eight scheduled for delivery by the end of 2025. These jets are equipped with the Northrop Grumman APG-83 AESA Radar, advanced avionics, and a structural service life of 12,000 hours. They also include the Automatic Ground Collision Avoidance System (Auto GCAS), credited with saving 13 pilots since its introduction in 2014.

Mike Shoemaker, vice president and general manager of the Integrated Fighter Group at Lockheed Martin, stated that the milestone represents a significant step in regional security and defense cooperation.

Bulgaria joins a European network of over 700 F-16s and a global fleet of more than 3,100. Lockheed Martin is currently working through a backlog of 114 F-16 Block 70/72 jets, with 26 delivered so far from its Greenville, South Carolina facility.

Source: Lockheed Martin Newsroom (lockheedmartin.com)

Eighth Lockheed Martin GPS III Satellite Arrives in Florida for Launch Prep

Lockheed Martin has delivered the eighth GPS III satellite (SV08) to Florida for final preparations ahead of a U.S. Space Force launch planned for late spring 2025. The satellite, built in Littleton, Colorado, was rapidly transported via Air Force C-17 following a short-notice launch call-up, demonstrating Lockheed Martin’s readiness to meet urgent mission demands.

Part of the 31-satellite operational constellation, GPS III SV08 enhances global positioning, navigation, and timing capabilities for military and civilian users. The GPS III series delivers improved accuracy and resilience, including up to 60 times greater anti-jamming capabilities through its next phase, the GPS III Follow-On (GPS IIIF) program.

GPS III SV09 and SV10 are standing by for future launches, while production is well underway for the more advanced GPS IIIF satellites, expected to begin launching in 2027. These next-generation systems will further enhance commercial flight safety, regional military protection, and overall system durability.

**Lockheed Martin Delivers First TPY-4 Radar to U.S. Air Force, Kicking Off 3DELRR Program Testing**

Lockheed Martin has delivered the first TPY-4 radar system to the U.S. Air Force following successful completion of early phase testing, marking a major milestone in the Three-Dimensional Expeditionary Long-Range Radar (3DELRR) program. The radar system, designed for high-performance air surveillance and missile defense, will now enter the government testing phase.

The TPY-4 features a fully digital, software-defined architecture capable of rapidly adapting to emerging threats, including those in jamming environments. It provides long-range early warning capabilities and is deployable in both fixed and mobile variants, with transportability across various platforms including aircraft, rail, and truck.

The delivery aligns with a broader radar acquisition contract awarded by the Air Force as part of its modernization efforts. Lockheed Martin’s radar systems are trusted by over 45 nations and are known for their reliability, mobility, and advanced threat detection capabilities.

Norway Becomes First Partner Nation to Complete F-35 Fighter Jet Deliveries

Lockheed Martin announced the delivery of the final two F-35A fighter jets to Norway, marking the completion of its full order of 52 aircraft. This makes Norway the first partner nation in the F-35 program to fulfill its program of record.

The F-35s will enhance Norway’s national defense capabilities and its cooperation with European allies, particularly in the Nordic region. The fleet will play a key role in protecting the strategically important High North and contributing to NATO operations.

Norwegian Minister of Defence Tore O. Sandvik highlighted the importance of the aircraft for safeguarding the country's sovereignty. Lockheed Martin emphasized the F-35’s ability to integrate with defense systems, improving situational awareness and strengthening transatlantic security.

The F-35 is currently operational in 20 allied nations, with over 1,150 aircraft flying from 48 bases worldwide. Designed for modern, multi-domain warfare, the F-35 provides unmatched connectivity and versatility to meet evolving global threats.

Lockheed Martin Awarded Up to $4.94 Billion by U.S. Army for Precision Strike Missile Production

Lockheed Martin has secured an indefinite delivery indefinite quantity (IDIQ) contract from the U.S. Army worth up to $4.94 billion to produce additional Precision Strike Missiles (PrSM). The contract is designed to boost production capacity and support the Army’s modernization and long-range strike capabilities.

PrSM is the Army’s next-generation surface-to-surface missile with a range exceeding 400 kilometers. It is compatible with HIMARS and MLRS platforms and features open systems architecture for future upgrades. Lockheed Martin is using advanced digital technologies such as AR, data analytics, and simulation tools to streamline production and improve performance.

The company emphasized its commitment to delivering critical defense capabilities at speed and scale to ensure national security and readiness in an evolving threat environment.

Lockheed Martin and Google Cloud Partner to Advance Generative AI for National Security

On March 27, 2025, Lockheed Martin and Google Public Sector announced a strategic collaboration to integrate Google’s generative AI into Lockheed Martin’s AI Factory ecosystem. This partnership aims to accelerate the development of advanced AI-driven capabilities for national security, aerospace, and scientific innovation.

The integration will leverage Google Cloud’s Vertex AI platform alongside Lockheed Martin’s secure, traceable AI infrastructure to enhance decision-making, real-time analytics, predictive maintenance, engineering design, supply chain resilience, and workforce training. Both companies emphasize a commitment to trustworthy, secure, and scalable AI technologies, including deployment in highly secure, air-gapped environments.

**Lockheed Martin's Aegis Combat System Demonstrates Ability to Counter Hypersonic Threats**

On March 25, 2025, Lockheed Martin announced the successful completion of Flight Test Other 40 (FTX-40), known as Stellar Banshee, in partnership with the U.S. Navy and Missile Defense Agency. Conducted off the coast of Kauai, Hawaii, the test validated the Aegis Combat System’s ability to detect, track, and engage an advanced hypersonic Medium Range Ballistic Missile (MRBM) target using a simulated SM-6 Block IAU interceptor.

This test marked a significant milestone in hypersonic defense, showcasing the new Aegis Baseline 9 software in a virtualized setup. The simulation underscored the system's capacity to handle real-world hypersonic threats, offering a glimpse into future live-fire intercept missions.

Chandra Marshall, vice president of Multi-Domain Combat Solutions at Lockheed Martin, highlighted the system’s strategic advantage: “Aegis Baseline 9’s hypersonic defense capability enables our warfighters to respond to threats more quickly and effectively.”

Stellar Banshee is the third in a series of developmental tests under Capability Package 24 / BMD 5.1.5, which includes the Sea-Based Terminal Increment 3 configuration. It follows last year’s successful Stellar Sisyphus (FTX-23) and FTM-32 tests, which demonstrated sensor tracking and interception of MRBM targets with upgraded SM-6 missiles.

The results further solidify Aegis as a flexible and scalable cornerstone of missile defense, adaptable for both sea- and land-based platforms.

More information is available at www.lockheedmartin.com/aegis.

Lockheed Martin’s Precision Strike Missile Exceeds Expectations in Extended-Range Test

Lockheed Martin and the U.S. Army announced the successful completion of a key flight test of the Precision Strike Missile (PrSM) on March 24, 2025, at Vandenberg Space Force Base. This milestone demonstrates the missile's extended-range capabilities and marks another step forward in advancing long-range precision strike systems.

According to Lockheed Martin, the PrSM exceeded performance expectations during the test, highlighting its ability to neutralize targets at distances beyond 400 km. The system is designed with an open architecture and modular configuration, making it compatible with both HIMARS and M270 launchers—critical to the Army's modernization plans.

The extended-range demonstration follows a similar successful flight in February and reflects Lockheed Martin’s commitment to developing cutting-edge missile technology. Carolyn Orzechowski, vice president of Precision Fires Launchers and Missiles, emphasized the company’s focus on delivering reliable, high-performance solutions to maintain battlefield superiority.

The PrSM is part of Lockheed Martin’s broader 21st Century Security strategy, supporting the Army’s goal of achieving air dominance through innovation and integrated systems.

Lockheed Martin has integrated its AN/TPQ-53 multi-mission radar with the Joint Task Force – Southern Border’s command and control systems, enhancing U.S. Northern Command’s border security efforts. The radar’s open architecture enables seamless integration with various sensors, providing real-time situational awareness and rapid adaptability to emerging threats.

This deployment follows successful demonstrations in exercises like Northern Strike and Desert Guardian 1.0, proving the system’s agility in countering airborne and ground threats, including drones. The AN/TPQ-53’s ability to deploy within five minutes ensures quick response capabilities, reinforcing U.S. border security operations.

Lockheed Martin Corporation reported fourth-quarter 2024 net sales of $18.6 billion, slightly below the $18.9 billion achieved in the same period of 2023, partly due to a shorter reporting period of 13 weeks versus 14 weeks the prior year. Fourth-quarter net earnings were $527 million, or $2.22 per share, significantly impacted by $1.7 billion ($1.3 billion after-tax, or $5.45 per share) in losses related to classified programs. Free cash flow was $441 million, compared to $1.7 billion in Q4 2023, reflecting a $990 million pension contribution.

For the full year 2024, net sales increased to $71.0 billion, up 5% from $67.6 billion in 2023, while net earnings were $5.3 billion, or $22.31 per share, down from $6.9 billion, or $27.55 per share, the previous year. The company reported $7.0 billion in operating cash flow and $5.3 billion in free cash flow for 2024, both lower than 2023 due to higher pension contributions.

CEO Jim Taiclet emphasized the company’s record year-end backlog of $176 billion, underscoring strong global demand for its advanced defense technologies. The company invested over $3 billion in research and development, capital improvements, and digital transformation to enhance its manufacturing and operational capabilities. Key initiatives included integrating emerging technologies like AI, advanced sensors, and cyber-hardened data links, as well as advancing air power solutions combining 6th-, 5th-, and 4th-generation aircraft with wingman drones.

Looking ahead to 2025, Taiclet highlighted the company’s commitment to maintaining U.S. air superiority, driving innovation, and collaborating across industry and government to deliver reliable, cutting-edge mission solutions. Lockheed Martin’s derisking actions in Q4 2024 position it for strong performance while continuing to return over 100% of free cash flow to shareholders.

#NYSE:BX

Blackstone announced the launch of its first private multi-asset credit interval fund, the Blackstone Private Multi-Asset Credit and Income Fund (BMACX), now available to individual investors through select registered advisers.
BMACX is designed to provide access to diversified income with lower volatility than traditional fixed income by investing across Blackstone’s $465 billion credit platform. It includes exposure to private corporate, asset-based, real estate, structured, and liquid credit. The fund offers daily subscriptions, quarterly liquidity, low investment minimums, and began operations following SEC effectiveness in March. Blackstone positions BMACX as a core portfolio component for individual investors.

Blackstone launches Proxity, a pan-European logistics platform

Blackstone has launched Proxity, a new logistics operator and developer focused on providing flexible warehousing solutions across key European metropolitan areas. Proxity will start with a portfolio of around 500 properties and development projects, totaling over seven million square meters of lettable space. Headquartered in Frankfurt and led by CEO Guido Piñol, the company will operate in Continental Europe, the Nordics, and Ireland. With a leadership team experienced in real estate and plans to scale further, Proxity is expected to be fully operational by 2026.

Blackstone Reports Solid First Quarter 2025 Results Amid Rising Assets and Fee Income

Blackstone reported GAAP net income of $1.2 billion for Q1 2025 and $5.1 billion over the last twelve months (LTM). Net income attributable to Blackstone Inc. was $615 million for the quarter and $2.5 billion for the LTM. Key performance highlights are as follows:

**Financial Performance (Q1 2025 vs. Q1 2024):**
- Total revenues were $3.29 billion (down from $3.69 billion).
- Fee Related Earnings (FRE): $1.3 billion for the quarter ($1.03/share), up 9%.
- Distributable Earnings (DE): $1.41 billion for the quarter ($1.09/share), up 11%.
- LTM FRE and DE rose 20% each to $5.4 billion and $6.1 billion, respectively.

**Revenue Composition (LTM 2025 vs. LTM 2024):**
- Management and advisory fees rose 9% to $7.37 billion.
- Incentive fees increased 33% to $976.7 million.
- Performance allocations more than doubled to $3.56 billion.

**Expenses and Taxes:**
- Total expenses rose to $1.89 billion for the quarter.
- Tax provision declined to $244 million in Q1 2025 from $284 million a year ago.

**Assets Under Management (AUM):**
- Total AUM reached $1.17 trillion, up 10% YoY.
- Fee-earning AUM hit $860.1 billion, also up 10%.
- Perpetual capital AUM rose 14% to $464.4 billion.

**Capital Activity:**
- Q1 inflows: $61.6 billion; LTM inflows: $199.1 billion.
- Q1 deployments: $36.4 billion; LTM: $145.7 billion.
- Q1 realizations: $25.5 billion; LTM: $97.6 billion.

**Returns and Investment Performance:**
- Private equity delivered strong LTM returns: 14.1% in corporate PE and 11.8% in tactical opportunities.
- Infrastructure returned 7.5% in Q1 and 23.6% over the LTM.
- Private credit posted 2.7% in Q1 and 15.0% over the LTM.

**Capital Returned to Shareholders:**
- Dividend: $0.93/share for Q1, totaling $4.05/share over the LTM.
- Share repurchases: 0.2 million shares in Q1 and 3.5 million over the LTM.
- Total shareholder distributions: $1.2 billion in Q1 and $5.7 billion over the LTM.

Blackstone maintains momentum in fee generation, AUM growth, and shareholder returns, supported by diversified investment strategies and strong capital inflows.

Wellington, Vanguard, and Blackstone Form Strategic Alliance to Offer Integrated Investment Solutions

Wellington Management, Vanguard, and Blackstone have announced a strategic partnership to develop simplified, multi-asset investment solutions that combine public and private assets. The goal is to make institutional-level investing more accessible to individual investors and financial advisors.

Each firm brings distinct strengths:
- Wellington provides asset allocation and active management expertise.
- Vanguard contributes experience in both index and active strategies with a focus on low costs.
- Blackstone adds leadership in private markets and alternatives.

The collaboration aims to solve long-term investor challenges by building diversified portfolios that include private assets. More details on the solutions will be announced later in 2025.

Blackstone Real Estate announced that its Core+ funds will acquire a 95% stake in a 6 million square foot industrial portfolio developed by Crow Holdings for $718 million. The portfolio includes 25 Class A buildings primarily located in the high-demand logistics markets of Dallas and Houston. Crow Holdings and its partners will retain the remaining 5% ownership.

David Levine of Blackstone emphasized the company’s strategy of investing in logistics during market volatility, noting the sector's strong performance and limited new supply. Blackstone currently owns over $90 billion in North American warehouse assets. Michael Levy, CEO of Crow Holdings, highlighted the legacy and quality of the portfolio, which continues a tradition that began with the company’s first warehouse in 1948.

The transaction is expected to close in Q2 2025.

Novartis acquires Anthos Therapeutics in deal worth up to $3.1 billion, paying $925 million upfront

Blackstone Life Sciences and Anthos Therapeutics announced that Novartis has completed its acquisition of Anthos in a transaction valued at up to $3.1 billion. The deal includes a $925 million upfront payment, with additional payments tied to regulatory and commercial milestones. Anthos was founded in 2019 by Blackstone Life Sciences and Novartis to develop abelacimab, a novel Factor XI inhibitor currently in Phase 3 trials for atrial fibrillation and cancer-associated thrombosis.

Blackstone's higher $427 million offer for London's 'Can of Ham' tower rejected, source says

The owner of London's landmark "Can of Ham" building has rejected a higher offer from Blackstone of about 330 million pounds ($426.92 million) for the property, with Nuveen betting on an improving appetite for European real estate assets, a source close to the matter said. The 21-storey building at 70 St Mary's Axe is one of the few big-ticket office properties put up for sale in Europe in the past few years after the market was hit by post-pandemic changing working patterns and higher borrowing costs. The "Can of Ham" sale is one of several in Europe being tracked as a test of whether buyers and sellers can agree on price after office sale volumes slumped last year to their lowest level since 2009.

China's vice premier meets Blackstone chairman in Beijing

China's Vice Premier He Lifeng met Blackstone's Chairman Stephen Schwarzman in Beijing, the official Xinhua news agency reported on Tuesday, stating that the Chinese side said it welcomed more U.S.-funded enterprises and long-term capital. China's He said that the country's economic development was improving and that prospects were brighter. "We welcome more U.S.-funded enterprises and long-term capital, including Blackstone, to continue to deepen mutually beneficial cooperation with China and play a greater role in promoting the healthy development of China-US economic and trade relations," Xinhua quoted the vice premier as saying.

Blackstone (NYSE:BX) Eyes 26 Percent Stake In Kolte-Patil For ₹8 Billion As It Enters Indian Residential Sector

Blackstone (NYSE:BX) recently made headlines with discussions to acquire a 26% stake in Kolte-Patil Developers Ltd., a move that coincides with a 6% increase in its share price over the past week. This acquisition represents Blackstone's further expansion into the Indian residential real estate market, diversifying from its existing investments in office spaces, shopping malls, and data centers. Despite broader market challenges, including declines in major indices like the Dow Jones and S&P...

Blackstone’s $17 Billion Property Lending Arm Isn’t Giving Up on Its Office Bets

(Bloomberg) -- After a yearslong downturn that left US offices empty, Blackstone Inc. President Jon Gray sees the sector as ripe for new bets. His real estate dealmakers are preparing to scoop up a stake in a 50-story building in Midtown Manhattan, the strongest signal yet that it sees the market primed for a rebound.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City

Blackstone Ups Bid for ‘Can of Ham’ London Tower to £330 Million

(Bloomberg) -- Blackstone Inc. has sweetened its offer for London’s Can of Ham skyscraper with a bid of about £330 million ($428 million), upping its wager on rising office rents in the City.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk

Blackstone's plans for northern England 'hyperscale' data centre get green light

A $13 billion "hyperscale" data centre in North East England proposed by U.S. private equity group Blackstone has been given the green light to go ahead by council planners. Northumberland County Council said on Tuesday that the proposals have been granted planning permission after a unanimous vote in favour of the application. Northumberland County Council said the data centre campus will represent an investment of up to 10 billion pounds and span some 540,000 square metres.

Blackstone holds firm on data center investments despite DeepSeek turmoil

Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers, said its strategy for the segment was grounded in a "very prudent approach" and touted its partnerships with "some of the biggest companies in the world". Data centers provide the infrastructure for storing, processing and analyzing vast troves of information that are crucial for training and running AI models.

Blackstone Energy Transition Partners announced the acquisition of Potomac Energy Center, a 774-megawatt natural gas power plant located in Loudoun County, Virginia, known as “Data Center Alley.” This strategic investment aligns with Blackstone’s focus on supporting the growing energy demands of data centers and AI infrastructure. The Potomac plant, one of the most efficient in the region, is positioned to supply reliable power and has the potential to integrate hydrogen fuel in the future for environmental benefits.

Northern Virginia accounts for 25% of U.S. data center capacity, and the Potomac plant is adjacent to over 130 data centers, with expected continued growth. Blackstone, a leader in infrastructure investment, has also recently invested in AI-related ventures such as CoreWeave and DDN.

Terms of the transaction were not disclosed. Santander and Jefferies LLC served as M&A advisors to Blackstone.

Blackstone and Vista Equity Partners completed their $8.4bn acquisition of Smartsheet

Blackstone has announced its acquisition of AirTrunk, the largest data center platform in Asia, for A$24 billion. This deal solidifies Blackstone's position as the largest data center provider globally. AirTrunk, founded in 2015, operates data centers across Australia, Japan, Singapore, Malaysia, and Hong Kong, and is a key partner for leading global cloud companies. Under Blackstone's ownership, AirTrunk aims to expand its network further and grow into a business valued at A$100 billion.

The acquisition aligns with Blackstone's broader strategy in digital infrastructure, including previous investments in QTS, a US and European data center provider, and initiatives such as Lumina CloudInfra in India. Blackstone’s current portfolio in the sector exceeds $70 billion, with plans to expand its development pipeline to over $100 billion. This strategy supports the rising demand for AI and cloud computing infrastructure, as well as renewable energy solutions to power data centers. Blackstone views investments in AI infrastructure, including data centers, cell towers, and GPU systems, as critical components of the 21st-century economy.

Blackstone Seeks $3 Billion in Sale of Bob Dylan, Adele Song Rights

(Bloomberg) -- Blackstone Inc. has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch $3 billion or more, people with knowledge of the matter said.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurch

#NYSE:SYK

Stryker reported strong first quarter 2025 results, with net sales rising 11.9% year over year to $5.87 billion, and organic net sales up 10.1%.

Growth was driven by a 13.4% increase in MedSurg and Neurotechnology and 9.7% growth in Orthopaedics. Reported operating income declined 13.9% to $837 million due to increased selling, general, and administrative expenses. Reported EPS dropped 17.6% to $1.69, but adjusted EPS grew 13.6% to $2.84, reflecting continued margin expansion. Stryker raised its full-year 2025 organic net sales growth guidance to 8.5%–9.5% and maintained adjusted EPS guidance of $13.20–$13.45, inclusive of the dilutive impact from the Inari acquisition and approximately $200 million in expected tariffs.

Stryker (NYSE:SYK) announced that it will report financial results for its first quarter of fiscal year 2025 on Thursday, May 1, 2025. A press release will be issued at approximately 4:05 p.m. ET and available at Stryker - Press Releases that day. The press release will include summary financial information for the company’s first quarter that ended March 31, 2025.

Stryker will host a webcast at 4:30 p.m. ET on Thursday, May 1, 2025, to discuss its first quarter 2025 results. The webcast can be accessed at Stryker - Events & Presentations. An archive of the webcast will also be available on the company's website two hours after the live call ends.

Stryker Completes Sale of U.S. Spinal Implants Business to VB Spine

Stryker has finalized the sale of its U.S. spinal implants business to Viscogliosi Brothers, LLC, which will operate under the newly established company VB Spine, LLC. The move aligns with Stryker’s strategy to sharpen its focus on high-growth areas and innovation opportunities.

While divesting the spinal implants segment, Stryker remains active in the spine market through its Interventional Spine, Neurotechnology, and Enabling Technologies divisions, as well as a strategic partnership with VB Spine. As part of the agreement, VB Spine gains exclusive rights to use Mako Spine and Copilot technologies with its implants during spine procedures.

The transition of certain international markets to VB Spine is pending legal and regulatory approvals. Stryker expressed gratitude to its Spine team and confidence in their future success under VB Spine.

Stryker (NYSE:SYK) announced that its board of directors has nominated Emmanuel “Manny” Maceda for election to the company’s board at the 2025 Annual Meeting of Shareholders, scheduled for May 8, 2025.

Manny brings more than 30 years of experience leading high-performing organizations and advising senior executives on large-scale corporate transformations. He currently serves as Chairman of Bain & Company, following his tenure as Worldwide Managing Partner and CEO from 2018 to 2024. In that role, he led Bain’s global strategy and operations across more than 50 offices, driving the firm’s transformation to strengthen digital capabilities, expand its focus on sustainability, and preserve its award-winning culture.

Stryker has completed its acquisition of Inari Medical for $80 per share, strengthening its presence in the peripheral vascular market. Inari specializes in venous thromboembolism (VTE) clot removal without thrombolytic drugs, complementing Stryker’s neurovascular business.

The deal was finalized following a cash tender offer that secured 81.69% of Inari’s outstanding shares. Inari is now a wholly owned subsidiary of Stryker, and its stock has been delisted from Nasdaq.

Stryker Corporation has completed its acquisition of Inari Medical, Inc. through a merger with its subsidiary, Eagle 1 Merger Sub, Inc. The transaction, valued at approximately $4.94 billion in cash, was finalized on February 19, 2025, under the previously announced merger agreement dated January 6, 2025. Following the merger, Inari became a wholly owned subsidiary of Stryker.

The acquisition was executed under Section 251(h) of the Delaware General Corporation Law, allowing for a streamlined process without requiring a stockholder vote. Stryker had previously disclosed the merger details in its Form 8-K filed on January 7, 2025.

Stryker Corporation has completed its acquisition of Inari Medical through a cash tender offer of $80 per share, valuing the transaction at approximately $4.94 billion. The offer expired on February 18, 2025, with 81.69% of Inari’s outstanding shares tendered. Following the completion of the tender offer, Stryker merged its subsidiary, Eagle 1 Merger Sub, Inc., into Inari, making Inari a wholly owned subsidiary.

At the time of the merger, all outstanding Inari shares were converted into the right to receive $80 per share. Inari’s outstanding stock options and restricted stock units were also converted into cash payments. Stryker financed the acquisition using a combination of available cash and debt financing.

As part of the acquisition, Inari’s board of directors resigned, and Stryker-appointed directors took over. Inari’s bylaws and certificate of incorporation were amended. Inari’s stock was delisted from Nasdaq, and the company intends to terminate its SEC registration. Executive employment agreements for key Inari executives were modified to extend severance eligibility from 12 months to 24 months in the event of a qualifying termination.

Stryker Corporation announced that Glenn S. Boehnlein, the company's Vice President and Chief Financial Officer, will retire effective April 1, 2025. He will remain with the company as an Advisor to the CEO until March 31, 2026, receiving an annual base salary of $800,000 and eligibility for incentive bonuses.

Preston W. Wells, currently Vice President, Group Chief Financial Officer for Orthopaedics, has been appointed as the new Chief Financial Officer, effective April 1, 2025. Wells, who has been with Stryker since 2015, previously held leadership roles in investor relations, financial planning, and analysis. His new compensation package includes an annual base salary of $725,000, an 85% target bonus, and a long-term incentive award valued at $3 million.

#NYSE:GDDY

GoDaddy reported first-quarter 2025 revenue of $1.19 billion, up 8% year-over-year, with Applications and Commerce revenue rising 17% and Core Platform revenue up 3%.

Operating income increased 41% to $247 million with a 21% margin, and net income totaled $219.5 million, compared to $401.5 million a year ago, which had included a large one-time tax benefit. Free cash flow rose 26% to $411 million. The company completed its $4 billion share repurchase program (retiring over 25% of shares since 2022) and announced a new $3 billion buyback authorization through 2027. For full-year 2025, GoDaddy reaffirmed revenue guidance of $4.86 to $4.94 billion and expects at least $1.5 billion in free cash flow.

#NYSE:C

Citibank has received an “Outstanding” rating—the highest possible—on its latest Community Reinvestment Act (CRA) performance evaluation by the Office of the Comptroller of the Currency, marking the second consecutive time it has earned this distinction. During the assessment period, Citibank committed over $145.9 billion toward CRA-related efforts, including $82.9 billion in mortgages and small business loans, $13.5 billion in community development lending, and $6.8 billion in investments, alongside $168.7 million in grants. The bank also engaged over 1,800 employees in nonprofit support focused on financial education and homebuyer assistance.

Citigroup to Redeem Series P Preferred Stock

Citigroup will fully redeem all $2 billion of its 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series P, on May 15, 2025. Holders will receive $1,000 per Depositary Share plus the previously declared $29.75 semi-annual dividend if recorded by May 5, 2025. After the redemption date, the shares will no longer accrue dividends or remain outstanding.

This move is part of Citi’s broader strategy to optimize its funding and capital structure. The redemption is influenced by market conditions, capital impact, and regulatory factors. Computershare Trust Company is handling the transaction.

Citigroup Reports 1Q25 Earnings of $4.1 Billion, EPS of $1.96

Citigroup announced first-quarter net income of $4.1 billion, or $1.96 per diluted share, up from $3.4 billion, or $1.58 per share, in 1Q24. Revenue rose 3% year-over-year to $21.6 billion, driven by growth across all five core business segments, partially offset by a decline in the "All Other" category.

The earnings growth was attributed to higher revenue and lower expenses, though partly offset by increased credit costs. The rise in EPS also reflected a reduction in the number of shares outstanding. Adjusting for divestitures, revenue growth remained at 3%.

**Raymond Gatcliffe Named CEO and Country Officer of Citibank Canada**

Citigroup has appointed Raymond Gatcliffe as Country Officer and CEO of Citibank Canada, effective April 1, 2025. He replaces John Hastings, who will remain on the board. Gatcliffe, a 30-year Citi veteran, was previously North American Head of Citi’s Commercial Bank and has held leadership roles across multiple regions. He will lead Citi’s strategy in Canada, focusing on cross-border institutional banking, wealth management, client engagement, and regulatory representation. Citi employs over 3,200 people in Canada with offices in Toronto, Mississauga, Montreal, Calgary, and Vancouver.

Citigroup declares quarterly common and preferred stock dividends

Citigroup has announced a quarterly dividend of $0.56 per share on its common stock, payable on May 23, 2025, to shareholders of record as of May 5. The board also declared dividends for multiple series of preferred stock, with payments ranging from $9.6875 to $29.75 per depositary receipt, depending on the series. Most preferred dividends are scheduled for May 15, with varying record dates.

Citigroup announces issuance of USD275 million exchangeable bonds linked to Hong Kong Exchanges and Clearing Limited

On March 28, 2025, Citigroup Global Markets Holdings Inc. announced the pricing of its USD275 million zero coupon guaranteed cash-settled exchangeable bonds due 2028.

These bonds are exchangeable into the shares of Hong Kong Exchanges and Clearing Limited. The initial exchange price was set at HKD412.9903, representing a 16.25% premium over the reference share price of HKD355.2605.

Citigroup Announces USD275 Million Exchangeable Bond Offering Referable to HKEX Shares

On March 27, 2025, Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., announced the issuance of USD275 million in cash-settled exchangeable bonds due 2028. The bonds are exchangeable into the value of ordinary shares of Hong Kong Exchanges and Clearing Limited (HKEX), but they will be settled in cash only—not in shares.

The bonds, which will not bear interest, will be issued at 103% of their principal amount and redeemed at par on October 10, 2028. The exchange price will be set at a 16.25% premium over the volume-weighted average HKEX share price on March 28, 2025. Settlement and delivery are expected by April 10, 2025.

Citigroup Inc. will provide an unconditional and irrevocable guarantee for the bonds. Net proceeds will be used for general corporate purposes. The bonds are expected to be listed on the Frankfurt Stock Exchange’s Open Market within six months of issuance.

Citigroup Global Markets Limited is acting as the sole global coordinator, sole bookrunner, and calculation agent. The announcement includes extensive disclaimers regarding regulatory compliance, risk factors, and the nature of the offering.

Citigroup has been appointed as the successor depositary bank for Prudential plc’s sponsored Level 2 American Depositary Receipt (ADR) program. Prudential’s ADRs, traded on the New York Stock Exchange under the symbol "PUK," represent two ordinary shares listed on the London Stock Exchange ("PRU LN") and the Hong Kong Stock Exchange ("2378").

Citi's Head of Issuer Services, Dirk Jones, emphasized the bank's global reach and investor relations expertise, stating that Citi’s platform will support the ongoing success of Prudential’s ADR program. Citi Issuer Services operates depositary receipt programs in over 65 markets, facilitating cross-border capital market access.

Prudential provides life and health insurance and asset management in 24 markets across Asia and Africa, with primary listings on the Hong Kong and London Stock Exchanges. The company is also listed in Singapore ("K6S") and trades on the NYSE via ADRs.

Citigroup Inc. has announced the appointment of Nicole Giles as its new Chief Accounting Officer, effective February 21, 2025, and Controller, effective immediately. Giles, 53, brings extensive financial leadership experience, having previously served in various senior roles at J.P. Morgan Chase & Co., including Chief Accounting Officer and Controller from 2017 to 2020, and more recently as Chief Financial Officer of Commercial & Investment Banking.

As part of her compensation, Giles will receive an annual base salary of $500,000 and replacement deferred equity and cash awards totaling approximately $13.7 million, which will vest through January 2029. She will also be eligible for discretionary incentive compensation and benefits under Citi’s corporate policies.

Giles succeeds Robert Walsh, who is stepping down as Citi’s interim Chief Accounting Officer. Additionally, she replaces Patrick Scally, who had been serving as Citi’s interim Controller.

Citigroup Inc. reported the issuance of its 6.020% Fixed Rate/Floating Rate Callable Subordinated Notes due January 24, 2036, as outlined in a Terms Agreement dated January 16, 2025. The notes will be offered and sold through underwriters named in the agreement.

Citigroup Inc. reported a significant recovery in its financial performance for the fourth quarter of 2024, registering a net income of $2.9 billion, or $1.34 per diluted share, a stark contrast to the net loss of $1.8 billion, or $1.16 per diluted share, in the same period the previous year. Total revenues for the quarter rose to $19.6 billion, up 12% from $17.4 billion in the fourth quarter of 2023. This improvement was primarily driven by growth across all of Citigroup's businesses and a reduced impact from the currency devaluation in Argentina.

For the full year 2024, Citigroup's net income surged by nearly 40% to $12.7 billion, with revenues reaching $81.1 billion. This represents an increase from the $9.2 billion net income and $78.5 billion in revenues reported for 2023. The bank also highlighted efficiency improvements and a successful reorganization, which contributed to these robust results.

CEO Jane Fraser noted the significant milestones achieved in 2024 and outlined expectations for a RoTCE of between 10% and 11% by 2026, reflecting ongoing investments in the business. Despite this, Citigroup aims to exceed these figures in the future, optimizing returns and realizing the bank's full potential.

Additionally, Citigroup returned approximately $6.7 billion to shareholders in 2024 through dividends and share repurchases, with a new $20 billion common stock repurchase program set to commence in the first quarter of 2025. These actions underscore the bank's robust capital position and commitment to delivering shareholder value.

Overall, Citigroup's results reflect a solid performance and strategic execution, positioning the bank well for continued growth and profitability.

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