MARKET

The results were in line with the profit warning issued by the Israeli company at the start of the year.

Bank Hapoalim chief strategist Modi Shafrir: The geopolitical picture continues to weigh on the Israeli currency.

The company reported non-GAAP earnings per share of $2.04, up 13% from the corresponding quarter of 2023 and revenue of $598.8 million, up 6% from the corresponding quarter.

Nvidia has struck a deal to acquire Deci AI, which has developed technology to compress generative AI language models, "The Information" reports.

The Israeli company's share price fell earlier this week after its US rival Enphase published its financial results showing a slower than expected recovery in the industry.

Eni will receive a 37.3% stake in Ithaca, in a stock deal for its North Sea oil and gas assets, while Delek will reduce its stake from 90% to 52.7%.

"Globes" looks at Rad Group, whose founders Yehuda and Zohar Zisapel, both died over the past year, and which must now move on without two of the founding fathers of Israeli high-tech.

No financial details about the acquisition have been disclosed but estimates are that Nvidia is paying $680-$720 million for the Tel Aviv-based company.

The Tel Aviv based company had revenue of $78 million in 2023 and a net loss of $79.3 million.

The company has told "Reuters" that it has secured orders for 46 million of its EyeQ6 Lite assisted-driving chips over the next few years to make new vehicles safer and easier to drive.

The Ghost Soldier system is designed to assist ground forces in monitoring and discovering the enemy during warfare in open terrain.

Israel-Iran tensions and the strength of the dollar worldwide have the exchange rating touching NIS 3.80/$.

Gal Bar Dea told the Globes Tech IL Conference that a bank's role is not only to look after customers' money but also to promote their economic welfare.

Silk Security has developed a platform that allows data security managers to identify a range of vulnerabilities and repair them.

Richard Francis's compensation cost $25.7 million in 2023, although that includes incentives for him to join the company.

At the Globes Tech IL Conference, KPMG Israel senior executives provided insights into the dramatic race to provide digital currencies.

Tel Aviv-based Entitle has developed a privilege management solution that discovers, manages, and automates just-in-time (JIT) access and identity governance.

In his first interview since announcing he is to step down as Check Point CEO, Shwed spoke about his future plans and 30 years at the helm of the Israeli cybersecurity giant.

The March CPI reading was higher than forecast, but that is not necessarily the main reason for estimating that an interest rate cut by the Bank of Israel is not imminent.

The Israeli currency appreciated strongly this morning but gave up much of the gains, after today's representative rate was set, on US reports that Israel might retaliate today for Iran's attack.

The sales, for a total of NIS 100 million, were chiefly to More Investment House and Meitav. Private equity firm FIMI remains the controlling shareholder.

The Bank of Israel Governor tells "Globes" why the rate cut was postponed, and expresses concern about long-term defense spending and the need to integrate the haredi community into the army and job market.

Sigma CEO Yair Shani: Iran has done excellent sales promotion for Israel's defense companies.

The main indices are down but not sharply falling, while Elbit Systems and other defense stocks are gaining.

The reported $500  million acquisition price is below Noname Security's valuation in its last fund raising round.

The new home market is resurgent, but purchases of secondhand homes are stagnant, and mortgage loans are still below the multi-year average.

Zim had proposed that Group Psagot should buy his stake in Rani Zim Shopping Centers. He controls both companies.

The company is adapting its quad cycles and quad boards for remote control military use.

Prico: If an exceptional security incident does not happen and due to the consistent supply of foreign currency, the dollar will resume depreciating against the shekel.

"Globes" examines some of the growth companies, which could start trading in the US from later this year.

Wiz has confirmed the $350 million acquisition of Gem Security, in which Team8 was one of the main investors.