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The Marked Chart Wire · Business
HotMarvell Lumentum
Marvell Technology is said to be in late-stage negotiations to purchase Lumentum Holdings, according to reports.
Part of a series: Marvell outlines AI growth and acquisition talks
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HotMicrosoft
Microsoft lowered its 2026 capital expenditure forecast to $170 billion from $175 billion due to delayed capacity deliveries. The company guided fiscal Q2 revenue to $96 billion to $97.1 billion and Azure growth of 49 to 50 percent.
HotMicrosoft
Microsoft said first-quarter capital spending fell short of targets due to data center delays, though Azure revenue grew 49 percent. The company expects second-quarter spending to exceed $50 billion.
HotMeta Financing
Meta Platforms issued $12.5 billion in mandatory convertible preferred stock and $25 billion in Class A common shares. The preferred shares carry a 6.50 percent annual dividend and will convert in 2029.
HotEarnings
Microsoft and Carvana shares rose after earnings beats, while Google and Fortinet dropped on revenue or margin misses. Sprouts and ServiceNow also declined following weaker results.
DoorDash Instacart
Sources say DoorDash is in advanced negotiations to acquire Instacart in a deal valued at approximately $17 billion. Instacart shares rose 4 percent in after-hours trading on the news.
HotEarnings
Stocks of Fortinet, Sprouts Farmers Market, and ServiceNow fell sharply in after-hours trading. Alphabet shares also declined following weaker than expected revenue and profit figures.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.