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AstraZeneca’s Market Cap Soars Past £200 Billion for First Time

(Bloomberg) -- AstraZeneca Plc has become the first British company to be valued at more than £200 billion ($257 billion) after a big bet on cancer drugs helped drive a rally in the shares. Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rail Riders t

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Zepto raises $340M at a $5B valuation as India's quick-commerce market heats up

Indian instant delivery startup Zepto has finalized a $340 million round that values it $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India's contested quick-commerce market. General Catalyst and Mars Growth Capital are co-leading the Series G round, which will be closed within a few days, sources familiar with the deal told TechCrunch. The round values Zepto, which delivers everything from grocery to electronics in minutes, at $4.6 billion pre-money, which comes to about $5 billion after the investment, according to a term sheet seen by TechCrunch.

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Cadence Design Systems Stock (NASDAQ:CDNS): Should You Buy the Dip?

Cadence Design Systems (CDNS), a key player in electronic design automation (EDA) software, has recently seen its stock price drop by 14% over the past month, catching the eyes of investors. This decline is surprising, given Cadence’s strong foothold in the growing AI chip design market and solid financial performance. With Piper Sandler’s recent upgrade to Overweight and a $318 price target, it begs the question: is this dip a great buying opportunity? I think it is, and I’m bullish on CDNS sto

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In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom

(Bloomberg) -- A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Th

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