Chai Discovery, an OpenAI-backed AI drug development startup valued at $4 billion, is at the center of a shift in the pharmaceutical industry as major AI tools deals were announced at the JPMorgan hea…
More than 500 US towns and counties have enacted bans or restrictions on new data center development, according to an analysis by The Information, with opposition accelerating this summer. The resista…
JPMorgan strategists raised their year-end S&P 500 target to 8,000 points, citing strong corporate earnings and signs that AI spending is paying off. The team, led by Dubravko Lakos-Bujas, lifted the …
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…
At least 75 U.S. data center projects worth roughly $130 billion faced local opposition in the first quarter of 2026, prompting major Wall Street lenders including Goldman Sachs, Bank of America, JPMo…
JPMorgan raised its S&P 500 year-end target to 8,000 from 7,800, citing strong second-quarter earnings and evidence that AI investment is translating into customer demand. The new target implies appro…
JPMorgan strategist Jay Kwon predicts the AI-driven memory chip shortage will persist for another two years, with demand broadening from GPUs to CPUs, and remains bullish on memory stocks despite a 25…
JPMorgan strategist Dubravko Lakos-Bujas raised his S&P 500 price target to 8,000 from 7,800, citing strong earnings and AI monetization signs. With 87% of S&P 500 companies having reported, 78% beat …
JPMorgan raised its year-end S&P 500 target to 8,000 from 7,800, projecting a 3.1% gain from the index's recent close of 7,757.64, citing stronger corporate earnings and AI-driven revenue growth. The …
BlackRock raised between $12.3 billion and $12.5 billion through a bond issuance to fund an 80% stake in Meta's $14 billion data center campus in El Paso, Texas, with Meta retaining 20% and leasing th…
JPMorgan raised its S&P 500 year-end target to 8,000 on August 10, 2026, up from 7,800, citing AI spending finally converting into revenue, and lifted its 2026 EPS forecast to $365 and 2027 to $420. S…
Rogo, an AI startup for financial firms founded in 2021 by former investment bankers from Lazard and JPMorgan, has reached a $2 billion valuation after its Series D round in April and now counts over …
OpenRouter, the LLM gateway market leader valued at $1.3–1.5 billion, is reportedly fielding a $10 billion acquisition offer from Stripe, according to founder and CEO Alex Atallah in an interview on T…
OpenAI's S-1 filing, heading to SEC EDGAR this month, targets a September Nasdaq listing at a $1 trillion-plus valuation, revealing $25 billion in annualized revenue, a $14 billion annual operating lo…
Moody's warned that banks and insurers have become dependent on a small cluster of tech giants—OpenAI, Microsoft, Google, and Amazon—for AI foundation models and cloud systems, creating a vendor depen…
Doximity shares surged as much as 100% on August 7 after the digital medical platform reported fiscal first-quarter revenue of $156.6 million, up 7% year over year, and adjusted EBITDA of $74.8 millio…
SpaceX stock fell 11% to $111 on Wednesday after the company revealed plans for about $65 billion in 2026 capital expenditures, far exceeding analyst estimates of $50 billion, and provided no formal f…
SpaceX shares fell 11% in pre-market trading Wednesday as investors weighed heavy capital spending and a major insider-share unlock due Thursday, despite a stronger-than-expected first earnings report…
Amazon.com expects approximately $220 billion in capital expenditures this year, up from a prior estimate of about $200 billion, as free cash flow turned negative at $7.6 billion outflow, driven by a …
Bitdeer Technologies Holding Company has signed a 16-year lease worth up to $4.7 billion to supply 121 megawatts of IT capacity from its Tydal data center in Norway for Nvidia GPU-powered AI and high-…