Anthropic, the maker of the Claude AI models, now expects a total addressable market of more than $30 trillion as it prepares for an IPO, surpassing SpaceX's $28.5 trillion estimate. The company repor…
Google Cloud launched Gemini Enterprise for Financial Services on August 25, with Deutsche Bank as its first design partner, aiming to cut bond portfolio risk analysis to under five minutes. The platf…
Anthropic, the AI company planning an IPO, will tell investors it sees a total addressable market of more than $30 trillion, according to the Wall Street Journal. The figure exceeds SpaceX's claimed $…
Dick's Sporting Goods stock tumbled after the retailer slashed its full-year outlook, citing 'challenging conditions,' as the second-quarter earnings season nears completion with S&P 500 earnings on p…
The AI infrastructure boom is increasingly being financed through debt rather than operating cash flows, according to analysts at JPMorgan, the Bank for International Settlements, and FactSet. JPMorga…
Opera (OPRA) reported second-quarter earnings of 30 cents per share on sales of $178.1 million, beating analyst estimates, but issued soft full-year revenue guidance, causing its stock to fall in earl…
Six Swedish and Norwegian SaaS companies show AI messaging volume runs opposite to growth, according to an analysis by Industry Contents, with data from FactSet and Goldman confirming the pattern is w…
Nearly 90% of S&P 500 companies have reported second-quarter earnings, with FactSet data showing a 50% year-over-year rise, the fastest growth since 2021, driven by artificial intelligence, according …
JPMorgan lifted its 2026 S&P 500 price target to 8,000 from 7,800, citing expectations that AI monetization will accelerate faster than spending. The bank's strategists, led by Dubravko Lakos-Bujas, p…
Corporate America's second quarter earnings are on pace to rise 50% year over year, the highest growth rate since the second quarter of 2021, according to FactSet. With 88% of S&P 500 companies having…
Ceva (CEVA), a Rockville, Md.-based provider of silicon and software intellectual property for network edge applications, beat Wall Street's second-quarter targets on Monday, reporting adjusted earnin…
The S&P 500 rose 1.8% Tuesday to a record closing high of 7736.52, led by tech shares after Microsoft, Amazon, and Alphabet reported strong quarterly results, with Palantir Technologies soaring 29.5% …
Palantir Technologies Inc. shares surged 29.8% on Tuesday after the company reported quarterly revenue of $1.9 billion and earnings per share of $0.41, beating estimates of $1.8 billion and $0.34. CEO…
SpaceX reported a first-quarter net loss of $4.3 billion, after losing $4.9 billion in 2025, with capital expenditures of $10.1 billion, including $7.7 billion for AI infrastructure following its acqu…
Amazon reported capital expenditures of $53 billion in the second quarter, up 69 percent from a year earlier, as it builds AI data centers and infrastructure. The company joined Meta, Microsoft, and G…
AI is increasingly permeating financial services as the next major vertical after coding, with OpenAI and Anthropic hosting dedicated NYC events and releasing finance-specific plugins and agent templa…
Datadog, the cloud monitoring and analytics company, is positioned as IBD's Stock of the Day, with its stock riding AI momentum ahead of its upcoming earnings report. The company's shares have gained …
The Bank for International Settlements warns that the AI capex boom is faster than historical investment cycles including canal mania, railways, electrification, and dotcom, with AI investment reachin…
Tesla reported second-quarter net income of $1.11 billion, or 32 cents per share, missing Wall Street estimates of 53 cents per share, as research and development spending surged 49% to $2.37 billion.…
Alphabet Inc. reported Q2 earnings of $112.11 billion, or $9.11 per share, beating Wall Street expectations on revenue of $119.8 billion, driven by strong advertising revenue and AI investments. CEO S…