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Verified
Editor, Bloomberg News
London
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Content
By Paul Jarvis Verified| Bloomberg News Verified Supercharged by an estimate-beating surge in order bookings, shares of ASML Holding NV are having their best day since March 2020. Yet look at a chart dating back that far and the leap is barely noticeable. Wednesday’s gain of as much as 12% did little more than erase the losses of earlier in the week, when technology stocks were rattled by concern that a new artificial intelligence model by Chinese startup DeepSeek can provide comparable performance to Western chatbots at a fraction of the price.
By Paul Jarvis Verified| Bloomberg News Verified A selloff in global technology stocks is causing shockwaves beyond chipmakers and the Magnificent Seven. Power providers and equipment suppliers to data centers were among the worst-hit stocks after an artificial intelligence model from Chinese startup DeepSeek threatened US dominance in the space. Today’s declines for energy and equipment firms reversed gains that came after US President Donald Trump announced a multibillion-dollar AI project last week.
By Paul Jarvis Verified| Bloomberg Law Verified Construction equipment rental company Ashtead Group Plc delivered the latest blow to the UK stock market as it proposed moving its primary listing from London to the US. The US market is “the natural long-term listing venue for the group,” Ashtead said in a statement Tuesday. The decision to move its primary listing “is in the best interests of the business and its stakeholders.”Read, Sept.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
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Founded: 1981