China's top-ranked hedge fund managers, including Perseverance Asset Management International, cut holdings of Nvidia and US hyperscalers in the second quarter, with Perseverance slashing its Nvidia p…
Oracle cut 21,000 jobs by the end of fiscal year 2026 to fund AI infrastructure, but its planned 1-gigawatt data centre in Wisconsin faces a $7 billion obstacle after the Public Service Commission of …
Monday.com is cutting about 620 jobs, 20 percent of its global workforce, as the Israeli project management company restructures around its AI Work Platform. Co-CEO Eran Zinman told staff the company …
Oracle shares have fallen 43.6% in the past year after S&P Global downgraded its credit rating to BBB-, just above junk status, and analyst David Desjardins warns the company could be the 'first domin…
OpenAI is reportedly delaying its initial public offering until 2027 after CEO Sam Altman became concerned about achieving a $1 trillion valuation, following a 20% drop in SpaceX's stock from its peak…
Betsy Cohen, co-founder of Cohen Circle LLC, said on Bloomberg TV that SPACs are again providing a path to public markets for startups tied to the AI-data center build-out. SPAC mergers hit an all-tim…
SpaceX has raised $75bn from financial firms ahead of its public listing on Friday, with shares priced at $135 each and an expected initial market valuation of nearly $1.8tn. The stock sale, the highe…
SK Hynix received strong investor backing for its planned US listing, which could raise up to $14 billion through an American Depositary Receipt offering in the second half of 2026. The South Korean m…
After nearly 25 years as a private company, SpaceX publicly disclosed its financial details for the first time in a 400-page SEC filing ahead of a planned IPO. The document revealed 2025 revenues of $…