Meta Platforms Inc. shares fell more than 10% to $524.49 after the company issued a third-quarter revenue forecast of $61 billion to $64 billion, below the average analyst estimate of $63.2 billion, a…
Microsoft Corp. shares surged 15.2% Thursday after reporting stronger-than-expected quarterly profit, leading a broad stock market rebound that lifted the S&P 500 0.9% and the Nasdaq composite 1.8%. T…
Meta Platforms Inc. told investors it will spend between $130 billion and $145 billion on artificial intelligence in 2026, up from a prior range starting at $125 billion, as second-quarter revenue jum…
Samsung Electronics Co.'s semiconductor arm reported a more than 250-fold jump in operating profit to 89.2 trillion won ($62 billion) in the June quarter, driven by AI-driven demand for memory chips. …
Meta Platforms Inc.’s shares fell more than 8% in after-hours trading after the company reported a 14% drop in net income to $15.85 billion for its fiscal 2026 second quarter, as costs rose 55% and ca…
Meta Platforms Inc. CEO Mark Zuckerberg warned against centralized control of superintelligent AI in a Wall Street Journal opinion piece Tuesday, calling for broad public access to 'personal superinte…
Newsmax Inc. shares rose 7% in premarket trading after the conservative news outlet announced a content partnership with Meta Platforms Inc., allowing Meta to use Newsmax's current and archived report…
Meta Platforms Inc. shares fell for a seventh consecutive session on Tuesday, marking the company's longest losing streak since its 2012 IPO, as investor concerns over rising artificial intelligence s…
Meta Platforms Inc. reports Q2 earnings after the closing bell Wednesday with its stock down 10% year to date in 2026, as Wall Street focuses on the company's AI capital expenditure. Analysts expect M…
The cost of protecting tech firms' debt against default is surging as Wall Street picks winners and losers in the AI race, with Oracle Corp.'s credit-default swaps reaching a multi-year high of 215 ba…
Meta Platforms Inc. announced plans to build a $14 billion artificial intelligence data center campus in El Paso, Texas, in collaboration with BlackRock Inc., the world's largest asset manager. The tw…
More than 1,100 tech workers from Anthropic, OpenAI, Google, Meta, and other AI labs published an open letter calling for new tools to deliberately slow automated AI development, warning that rapid ad…
Credit Agricole CIB is seeking to sell down about HK$150 million ($19 million) of a HK$1.6 billion loan backing an ESR Group data center in Hong Kong, as the bank has hit its lending cap for data cent…
Anthropic PBC and Nvidia Corp. are opposing blanket bans on open-weight AI models, urging U.S. regulators to focus on specific risks such as controlling AI chip exports, preventing industrial-scale di…
The Nasdaq 100 Index is on track to enter a correction, falling 1.6% on Tuesday and approaching a 10% drawdown from its peak in just 38 trading days, as investor worries about the payoff from artifici…
Meta Platforms Inc. and BlackRock Inc. will jointly build and operate a $14 billion, 1-gigawatt data center complex in El Paso, Texas, with Meta as the initial sole tenant when it goes online in 2028.…
SK Hynix Inc. shares plunged 38% from their all-time high in June, erasing $470 billion in market value, as investors worry that rising memory costs will force AI customers to seek cheaper alternative…
Bonds tied to a Meta Platforms Inc. data center project in Texas, sold by BlackRock Inc., rallied in early trading on Monday before formal pricing, signaling stronger demand than initially appeared fo…
Nvidia Corp. is in talks to backstop a $250 billion loan for OpenAI Group PBC to finance a new data center campus in Ohio, which is expected to provide 10 gigawatts of computing capacity, equal to the…
Morgan Stanley strategists led by Michael Wilson said US companies integrating artificial intelligence are poised for stronger profit margins this earnings season, with about 100 basis points of net-m…