Business 5 March 2026

Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next
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Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next

Wetour Robotics shares closed at $1.07 Friday, up 15.1% for the day and 91% from the prior week, with trading volume surging to 496,048 shares. The company will launch its Orchestra AI wearable in Austin on May 28 and enact a 1-for-10 reverse split on June 2. Nasdaq will be closed May 25 for Memorial Day. Wetour has an active at-the-market share sale program through Chaince Securities.
May 23, 2026
Microsoft Lands Codelco AI Mining Deal as Investors Demand Payoff From Big AI Spend
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Microsoft Lands Codelco AI Mining Deal as Investors Demand Payoff From Big AI Spend

Microsoft signed an 18-month agreement with Chile’s Codelco to test AI, analytics, automation, and digital security in mining operations. The deal comes as Microsoft faces scrutiny over AI’s power demands and rising infrastructure costs. Codelco aims to boost productivity amid declining ore grades and project delays. Microsoft’s shares fell 10% after January results despite heavy AI investment.
March 5, 2026
Tesla’s UK sales drop 37% as BYD gains ground, putting March in focus
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Tesla’s UK sales drop 37% as BYD gains ground, putting March in focus

Tesla’s UK car registrations fell 37% in February to 2,422 vehicles, while rival BYD’s registrations jumped 83%, industry data showed. The broader UK market rose 7.2% to 90,100 new cars, with battery-electric vehicles up 2.8% but losing market share for a second month. Another tracker put Tesla’s drop at 45.2%. Tesla’s EU carbon-credit pool will not include Stellantis or Toyota in 2026, filings showed.
March 5, 2026
Shopify rolls out POS Hub and faster checkout tools as SHOP shares climb
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Shopify rolls out POS Hub and faster checkout tools as SHOP shares climb

Shopify unveiled a redesigned POS system and new POS Hub hardware for in-store checkouts, adding inventory transfer reports and stricter staff access to customer data. Shares rose about 3% in New York on Thursday, after a 6% jump in Toronto on Wednesday. The POS Hub connects tablets to checkout hardware via USB, replacing Bluetooth. Updates follow Shopify’s recent upbeat revenue outlook and $2 billion buyback plan.
March 5, 2026
CrowdStrike stock rises as cybersecurity firm flags stronger 2027 revenue outlook
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CrowdStrike stock rises as cybersecurity firm flags stronger 2027 revenue outlook

CrowdStrike shares rose about 4% Thursday after forecasting fiscal 2027 revenue of $5.87 billion to $5.93 billion and reporting a 23% fourth-quarter revenue jump to $1.31 billion. Annual recurring revenue climbed 24% to $5.25 billion. The company reiterated plans to acquire SGNL for $740 million and Seraphic Security for $420 million. Costs tied to the July 2024 Windows outage reached $117.7 million in fiscal 2026.
March 5, 2026
Broadcom stock jumps as CEO flags $100 billion AI chip sales, buyback plan
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Broadcom stock jumps as CEO flags $100 billion AI chip sales, buyback plan

Broadcom shares rose about 5% after CEO Hock Tan projected AI chip sales will top $100 billion in 2027. The company reported first-quarter revenue up 29% to $19.3 billion, with AI revenue doubling to $8.4 billion. Broadcom announced a $10 billion share repurchase program through 2026. Investors remain cautious about continued AI infrastructure spending amid supply constraints.
March 5, 2026
UiPath adds Switzerland data residency for GenAI Activities — why PATH investors are watching
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UiPath adds Switzerland data residency for GenAI Activities — why PATH investors are watching

UiPath added Switzerland as a data residency option for its Integration Service and GenAI Activities, storing customer data within Swiss borders. Shares rose 0.2% to $11.07 in U.S. premarket trading Thursday, ahead of results due March 11. The company also updated Automation Cloud license tracking and tightened Document Understanding access controls. UiPath last reported quarterly revenue of $411 million, up 16% year over year.
March 5, 2026
Intel’s 18A rethink: why CEO Lip-Bu Tan may sell the tech outside after all
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Intel’s 18A rethink: why CEO Lip-Bu Tan may sell the tech outside after all

Intel CEO Lip-Bu Tan is reconsidering offering the company’s 18A chipmaking process to outside customers, CFO David Zinsner said Wednesday. The move marks a shift from Intel’s previous strategy to reserve 18A for internal use. Intel shares rose about 6% following the remarks. The comments come days after Intel announced board chair Frank Yeary will retire in 2026, to be succeeded by Craig H. Barratt.
March 5, 2026
Alibaba puts CEO Eddie Wu in charge of new AI task force after Qwen chief quits
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Alibaba puts CEO Eddie Wu in charge of new AI task force after Qwen chief quits

Alibaba will form a new task force to accelerate foundation model development after Lin Junyang, head of its Qwen AI division, resigned this week. CEO Eddie Wu, CTO Wu Zeming, and Alibaba Cloud CTO Zhou Jingren will coordinate the group. Qwen’s mobile app reached 203 million monthly active users in February, ranking third globally. Alibaba has released over 400 open-source Qwen models since 2023.
March 5, 2026
AST SpaceMobile stock jumps as Telus takes stake — Canada deal and Africa push in focus
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AST SpaceMobile stock jumps as Telus takes stake — Canada deal and Africa push in focus

AST SpaceMobile shares jumped 13% to $104.89 after Telus agreed to invest and partner on satellite-powered mobile service in Canada, targeting a late 2026 launch. AXIAN Telecom also signed to deploy AST’s network in Africa, pending approvals. Taiwan Mobile and France’s Orange announced separate collaborations with AST for direct-to-device satellite services. About 20.8 million AST shares traded Wednesday.
March 5, 2026
Arista Networks stock jumps 8% as CEO talks $10B revenue year and flags chip crunch
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Arista Networks stock jumps 8% as CEO talks $10B revenue year and flags chip crunch

Arista Networks shares jumped 8.2% Wednesday, closing at $134.83, and rose about 1% in early Thursday trading. CEO Jayshree Ullal told a Morgan Stanley conference the company expects to surpass $10 billion in revenue this year, citing a $105 billion market opportunity. Executives warned memory-chip shortages could persist for up to two years. Nvidia was described as both a partner and a competitor in AI networking.
March 5, 2026
Nebius Group lands Missouri OK for 1.2‑GW “AI factory” as NBIS stock jumps
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Nebius Group lands Missouri OK for 1.2‑GW “AI factory” as NBIS stock jumps

Nebius Group secured city approval for a Chapter 100 incentive package for its planned AI data-center campus in Independence, Missouri, which could reach 1.2 gigawatts of capacity. The 5-2 vote grants long-term tax abatements worth up to $6.26 billion over 20 years. NBIS shares rose about 13% in premarket trading. The campus would cover 400 acres and create about 1,200 construction and 130 permanent jobs.
March 5, 2026
Broadcom stock jumps after CEO flags $100 billion AI chip revenue in 2027, $10 billion buyback
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Broadcom stock jumps after CEO flags $100 billion AI chip revenue in 2027, $10 billion buyback

Broadcom forecast over $100 billion in annual AI chip revenue for 2027 and projected second-quarter revenue of about $22 billion, above Wall Street estimates. Fiscal first-quarter revenue rose 29% to $19.31 billion, with AI semiconductor revenue reaching $8.4 billion. Shares climbed nearly 5% in after-hours trading. The company approved a new $10 billion share repurchase program through 2026.
March 5, 2026
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Stock Market Today

  • Australia Fast Charger Pack Market Outlook to 2035: Trends, Imports, and Challenges
    May 24, 2026, 7:22 AM EDT. The Australia Fast Charger Pack market is import-driven, with over 90% of products sourced from China and Vietnam, exposing the sector to shipping and currency risks. Gallium Nitride (GaN) chargers, known for faster and cooler operation, now comprise 25-30% of retail value, up from less than 10% in 2022. Private-label and retailer-branded packs hold 30-35% of unit sales amid declining OEM bundled chargers by brands like Apple and Samsung. Growth is notable in multi-device and travel-specific chargers, expanding 9-12% annually. Safety certification compliance and lithium-ion battery costs challenge margin stability. Market players face product launch delays and intense competition for retail shelf space, squeezing mid-tier brands lacking carrier partnerships.