Shares in major consulting firms like Accenture, IBM, and Capgemini have plummeted as investors fear AI will disrupt traditional business models. Accenture lost over 57% of its value in the past year,…
SoftBank CEO Masayoshi Son dismissed SpaceX's orbital AI data center plan as overpriced, arguing that terrestrial infrastructure is more cost-effective. Son's critique comes days after SpaceX's $1.7 t…
SoftBank CEO Masayoshi Son dismissed Elon Musk's plan for orbital data centers, saying the costs would outweigh the benefits and that the AI race will be decided on Earth. Son's comments came as Space…
A valuation analysis of the Magnificent Seven tech stocks as of June 2026 finds Microsoft and Meta are the most attractively valued, while Tesla is overvalued by every metric. NVIDIA's growth justifie…
SpaceX shares plunged over 6% on Thursday, erasing $620 billion in market value after the company announced a $60 billion all-stock acquisition of AI coding startup Cursor, sparking analyst concerns o…
Investors are speculating about a potential merger between SpaceX and Tesla after SpaceX's $85 billion IPO made it worth over $1 trillion more than Tesla. Analysts and investors argue the combination …
Lenovo Group plans to raise US$2 billion through a convertible-bond offering to repurchase existing debt and buy back shares, aiming to extend debt maturities and cut funding costs amid robust AI infr…
SpaceX's IPO closed up 19% at $161 per share, delivering the largest market debut in history with a valuation exceeding $2 trillion, driven partly by its AI arm through the xAI acquisition. The succes…
SpaceX, Elon Musk’s rocket and satellite internet company, priced its initial public offering at $135 per share, giving it a valuation of approximately $1.77 trillion and raising about $75 billion in …
L&T Technology Services (LTTS) announced a strategic go-to-market partnership with Databricks to co-develop Industrial AI solutions for asset-intensive industries. The collaboration will combine LTTS'…
SpaceX is set to debut as one of the largest IPOs in history with a $1.75 trillion valuation on June 12, but Morningstar analyst Nicholas Owens values the company at just $780 billion—55% below the ta…
SpaceX is valued at less than half of its $1.75 trillion IPO target, with Morningstar estimating the rocket company is "significantly overvalued" at nearly double its fair value. The investment resear…
Elon Musk stated on X that SpaceX has not committed to leasing its Colossus data center to Anthropic for multiple years, describing the arrangement as a 180-day lease with 90-day mutual cancellation r…