Micron Technology Inc. (MU) shares crossed the $1,000 level in premarket trading on Monday, marking the first time since July 6, and are up 240% year to date. The rally is driven by strong demand for …
More than half of U.S. employees now use artificial intelligence at work, with 51% using it for writing and editing, according to Gallup, and AI agents are increasingly communicating on behalf of huma…
Jane Street, the New York-based quantitative trading firm, lost approximately $15 billion in July 2026, its first monthly loss in nearly a decade, driven by volatility in AI-related stocks and a conce…
SanDisk announced at its Investor Day on August 13 that eight customers have signed New Business Model agreements, locking in $16.5 billion in enforceable financial guarantees and a minimum of $93.9 b…
Wall Street strategists see Big Tech's AI spending starting to pay off, with JPMorgan raising its S&P 500 price target to 8,000 from 7,800, citing strong cloud demand. Microsoft's Azure surpassed $100…
The S&P 500 rose 0.4% and the Nasdaq gained 0.6% last week, while the Dow fell 0.6%, as investors look ahead to earnings from Walmart, Alibaba, Ross Stores, Deere & Company, and BJ's Wholesale Club, a…
Anthropic is in early talks to acquire Israeli startup Decart AI for around $6 billion, its largest acquisition ever, according to reports. The deal is primarily aimed at reducing Anthropic's $1.25 bi…
Goldman Sachs estimates global AI data center investment will reach $1 trillion in 2026, JPMorgan forecasts $697 billion in the US, and Bank of America sees a path toward ~$1.2 trillion by 2027, but a…
Anthropic has begun preliminary investor meetings ahead of a possible initial public offering, with Chief Financial Officer Krishna Rao leading discussions about Claude, management and enterprise grow…
Advanced Micro Devices (AMD) launched a four-part debt offering on Thursday (Aug 13) that could raise between US$4 billion and US$5 billion, according to a source and terms reviewed by Reuters, as the…
Anthropic, the AI firm behind the Claude model series, has been holding pre-IPO meetings since mid-August 2026 that focus on technology capabilities rather than financials, ahead of a potential Septem…
JPMorgan analyst Samik Chatterjee raised his price target on Microsoft (MSFT) to $625 from $550, implying about 30% upside, citing accelerated growth in Azure and M365 Commercial Cloud driven by AI in…
OpenAI CEO Sam Altman said he was 'peer pressured and kind of tricked' into applying for a Goldman Sachs internship during his sophomore year, which he turned down, but now Goldman Sachs is helping pr…
Bank of America announced it will deploy $250 billion over 18 months through its Critical Infrastructure Finance Initiative, starting January 1, 2026 and ending July 4, 2027, to fund American infrastr…
Payments firm Adyen said the rise of AI chatbots handling consumer shopping is pushing merchants to protect direct customer relationships and loyalty, with one merchant generating 70% of its volume th…
Only 38% of banks that have adopted AI report a financial return, while McKinsey estimates generative and agentic AI could add close to $2 trillion annually to banking, according to Gartner and McKins…
Super Micro Computer Inc. shares rose about 9% in premarket trading after the AI-server manufacturer reported fiscal fourth-quarter revenue of approximately $11.1 billion and non-GAAP gross margin of …
Oracle's five-year credit default swap spread touched 212 basis points in late July 2026, the highest on record, as bond investors grow increasingly nervous about the trillion-dollar AI spending binge…
Samsung Electronics, SK hynix and Micron Technology are locking customers into long-term supply agreements lasting up to five years, a shift from quarterly negotiations that could soften the memory ch…
Bitcoin miner Bitdeer Technologies Group filed a prospectus supplement on Aug. 10 to sell up to $1 billion in Class A shares under its at-the-market program, potentially diluting existing shareholders…