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CITIC Construction Investment pointed out that the power breakthrough of AI chips is driving the transformation of data center power supplies towards an 800V high-voltage direct current architecture, which is an industrial chain revolution involving the reconstruction of the power supply system. Investment should focus on high-barrier segments, including 800V power hosts, solid-state circuit breakers that solve direct current arc extinction, and core incremental components such as third-generation semiconductors
Shares of Abivax surged 26% following reports that Eli Lilly is interested in acquiring the French biotech firm for €15 billion ($17.5 billion). This marks Abivax's largest one-day increase since a significant rise in July, attributed to positive Phase III trial results for its drug obefazimod. Brokerage Kepler Cheuvreux noted that Abivax has become an attractive target for mergers and acquisitions after these results.
Broadcom reported a net income per share of USD 4.91 for the fiscal year ended November 2, 2025, nearly four times higher than the previous year. Total net revenue was USD 63.9 billion, with product revenue at USD 44.8 billion and subscriptions and services revenue at USD 19.0 billion.
According to reports, Anthropic's current financing target is as high as $25 billion or even more, with GIC and Coatue each leading with $1.5 billion, and Microsoft and NVIDIA committing a total investment of $15 billion. The remaining funding gap of over $10 billion will be filled by venture capital firms and other investors, including Sequoia Capital. Sequoia Capital's significant investment in this OpenAI competitor marks a strategic shift in its AI track to "full coverage."
The FAA has selected RTX and Indra to replace 612 outdated radar systems in the U.S. by 2028 as part of a major air traffic control modernization effort. The current radar, dating back to the 1980s, is costly to maintain and has led to operational disruptions. The FAA has committed over $6 billion of the $12.5 billion funding approved by Congress for this overhaul, with an additional $20 billion potentially needed. The new systems aim to enhance air traffic surveillance and replace 14 legacy platforms nationwide.
