Walmart’s majority-owned Flipkart has raised $3.6 billion, the company said, as it battles Amazon for a slice of India’s growing e-commerce market and prepares for a possible initial public offering next year. The company was valued by investors at $37.6 billion. SoftBank, which had earlier sold its stake to Walmart, came back in as an investor. Other investors included GIC, Canada’s pension...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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