Tesla reports second-quarter earnings on Wednesday with shares down 15% year-to-date, and Wall Street analysts are pressing for updates on robotaxi deployment and humanoid Optimus robots, which they v…
Tesla is expected to report a negative free cash flow of $3.3 billion for the second quarter of 2026, its first quarterly cash burn in over two years, as surging capital expenditures on AI infrastruct…
ASML Holding became the first European company to reach a $700 billion market valuation this month, driven by surging demand for its extreme ultraviolet lithography machines that are essential for man…
The iShares Semiconductor ETF (SOXX) has fallen 11% in the past month, and BTIG strategist Jonathan Krinsky warns that too many investors remain overexposed to the sector and are unprepared for furthe…
IBM warned investors that corporate tech budgets are being reallocated toward AI infrastructure and cybersecurity, squeezing legacy hardware like IBM's mainframes and causing a 25% drop in IBM shares.…
IBM warned investors that customers are shifting technology budgets toward AI infrastructure and cybersecurity, hurting sales of its new Z mainframes and related software. The company said clients spe…
Chancellor Rachel Reeves will launch a City 'skills compact' on Tuesday, committing financial firms including Barclays and Lloyds to retrain thousands of workers for the AI revolution. The government-…
Major global investment banks' average forecast for South Korea's 2026 economic growth reached 3 percent for the first time, driven by robust semiconductor exports amid the AI boom. Eight banks, inclu…
ECB Vice-President Boris Vujčić chaired the annual ECB Forum in Sintra, Portugal, focusing on innovation, AI, tokenisation, and Europe's growth challenges. The ECB targets a digital euro rollout for 2…
Oracle spent $55.7 billion building AI data centers this fiscal year, with plans to spend even more by 2027, but the widening gap between capital expenditures and cash flow has become Wall Street's cl…
The City of London Corporation launched a digital identity framework to combat AI-enabled fraud, estimating it could unlock over £5bn for the UK economy. The system, developed with EY and Hogan Lovell…
Physical AI raised $55.8 billion in H1 2026, nearly double the full-year record from 2025, with 12 commercial humanoid platforms available and Figure AI delivering 350+ units. NVIDIA released new Visi…
British American Tobacco announced plans to cut 5,500 jobs and move 3,500 roles to third-party firms as part of an AI-driven cost-saving program, aiming to save £600 million by 2028. The restructuring…
Persistent Systems, through its subsidiary Galaxy Germany Holding SE, announced a voluntary public takeover for all shares of Nagarro at EUR 81 per share, a 140% premium over the undisturbed closing p…
NatWest has launched a bank-wide accreditation in AI and Data Ethics for 60,000 staff members, building on its partnership with the University of Edinburgh. The programme aims to equip employees with …
A Seeking Alpha contributor upgraded Sandisk (NASDAQ:SNDK) to Buy, reversing a previous bearish stance, citing rising edge AI deployments driving stronger-than-expected demand for higher-capacity NAND…
Barclays raised its price target on Amphenol Corporation from $180 to $198 on June 8, 2026, citing increased confidence in the company's AI content ramp. The revised target implies approximately 29% u…
Fraud cases in the UK surged to 4.1 million in 2025, with losses of nearly £1.3bn, as criminals increasingly use AI to manipulate victims, including marrying romance scam targets. UK Finance calls for…