The Latest Breaking News from Benzinga

Hormel Foods Corporation (NYSE:HRL) stock rose Thursday after the company reported fourth-quarter results that beat Wall Street profit expectations but fell short on revenue.

Hewlett Packard Enterprise Company (NYSE:HPE) recently unveiled a major expansion of its AI-native networking and cloud portfolio, and will release Q4 earnings results on Thursday, Dec. 4.

Anthropic CEO Dario Amodei has raised concerns about the excessive spending in the AI industry, warning that it could lead to dire consequences.

America’s escalating chip crackdown on China took center stage this week, drawing sharp warnings from Nvidia Corp (NASDAQ:NVDA) chief Jensen Huang and investors who say U.S. policy could redefine the future of the semiconductor industry.

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Norway has put its deep-sea mining ambitions on hold, after political pressure forced the government into a rare policy reversal. Under a budget deal struck with opposition parties, the governing Labour Party agreed that no deep-sea mining licenses will be issued in Norwegian waters until at least 2029.

Palantir Technologies Inc. (NASDAQ:PLTR) on Wednesday introduced Chain Reaction, a new operating system designed to bolster the nation’s fast-growing artificial intelligence infrastructure.

Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates warned that child deaths are rising again for the first time in decades as global health funding collapses.

Intel Corp's (NASDAQ:INTC) latest strategic shift put a spotlight on its turnaround efforts this week as the company reversed course on plans for its networking unit and doubled down on integrating the business into its core operations.