Alphabet, Amazon, Meta, Microsoft, and Oracle have doubled their collective debt to $350 billion over five years to fund AI data center construction, betting on future revenue from AI services. Invest…
AWS named NiCE a launch partner for its new European Sovereign Cloud Region, a move that affects data residency and compliance for enterprise AI deployments. NiCE, a leader in CX AI, gains presence in…
Nvidia Corp.'s market value has dropped by roughly $1 trillion since May, pushing its stock to its cheapest level since before the AI boom, now trading at 18 times forward earnings. The selloff reflec…
The Magnificent Seven tech stocks have lost their market dominance as the AI trade shifts to memory chipmakers like Micron and Sandisk, with the Mag 7 index gaining only 1.1% in 2026 versus the Nasdaq…
Chip stocks are heading for their best quarter ever, with the Philadelphia Stock Exchange Semiconductor Index soaring 81% in Q2, driven by AI demand. However, recent volatility and concerns about sust…
At least 10 power infrastructure and clean technology companies have gone public in 2026, raising $11.6 billion, as investors bet on solutions to AI's growing energy demands. The IPO surge is fueled b…
OpenAI is releasing a preview of its GPT-5.6 model to a small group of US-government-approved partners, following pressure from the Trump administration to stagger the rollout. The limited release com…
The US Department of Transportation proposed removing the requirement for brake pedals in driverless vehicles, a move that could accelerate deployment of robotaxis by companies like Waymo and Tesla. T…
Qualcomm Inc. shares surged after the chipmaker forecast annual sales of more than $15 billion from AI data center components by fiscal 2029, part of a broader $40 billion revenue target for non-hands…
Micron Technology Inc.'s earnings report on Wednesday is critical as investors question the sustainability of the AI rally. The memory-chip maker's shares have surged 270% this year, but concerns grew…
Online spending across all US retailers hit $8.3 billion on the first day of Amazon Prime Day, beating Adobe's estimate of $7.9 billion. Adobe expects total online spending to reach $26.3 billion over…
Big Tech stock buybacks have nearly vanished as Alphabet, Microsoft, Meta, and Amazon prioritize massive AI spending, with only Microsoft buying back shares in Q1 at the lowest level in nearly a decad…
Alphabet Inc.'s Google announced that its $100 Google Home Speaker with Gemini AI integration will be available starting June 25, with preorders beginning Wednesday. The device is Google's first produ…
SpaceX shares fell as much as 4.7% on Wednesday, snapping a three-day rally that had pushed the stock nearly 50% above its $135 IPO price. The decline threatens to drop the company below Amazon in mar…
SpaceX shares surged for a third consecutive day, pushing its market value to $2.8 trillion and briefly overtaking Amazon to become the world's fourth-largest stock. The rally was driven by limited pu…
A short squeeze in SpaceX perpetual futures briefly sent the company's implied valuation to $3 trillion on blockchain-based markets, surpassing Amazon and Microsoft. The squeeze liquidated over $50 mi…
SpaceX shares surged up to 8.7% in their second day of trading, boosting the company's market value to over $2.2 trillion following a record $86.2 billion IPO. The strong debut eased concerns about la…
Alphabet Inc.'s Waymo unit will deploy a new autonomous vehicle called the Ojai, built with China-based Geely's Zeekr, to offer public rides without human supervision in San Francisco, Los Angeles, an…
Snowflake Inc. shares surged as much as 36% on Thursday, their biggest intraday gain since September 2020, after the software maker raised its annual product revenue outlook to $5.84 billion and signe…