Advanced Micro Devices (AMD) shares fell sharply in premarket trading despite a strong second-quarter report, as investors had expected even stronger guidance amid AI optimism. AMD forecast third-quar…
EQT's Scaleup Europe Fund has made its first investment, contributing 300 million euros to Finnish satellite company Iceye's 1 billion euro funding round, which valued the company at over 10 billion e…
MSCI All Country World Index rose nearly 0.5% on Wednesday, heading for another record close, as Asian-Pacific stocks climbed over 2% and chipmakers SK Hynix and Samsung Electronics advanced more than…
Whale Rock Capital Management's AI-focused hedge fund fell 22% in July 2026, erasing about half of its earlier gains and cutting its year-to-date return to 35.1% from 72.5% at the end of June, accordi…
Wall Street rallied on Tuesday, with the S&P 500 up 1.8% to 7,737, the Dow Jones Industrial Average up 1.9% to 54,200, and the tech-heavy Nasdaq Composite up 2.5% to 26,564, led by semiconductor stock…
Space X, the space and AI company listed in June, will report its first earnings on Thursday, with Bloomberg calling it one of the most anticipated reports of the summer. The stock has fallen to $114.…
The United States is drafting a proposal to ban imports of Chinese optical transmitters and receivers used in data centers, aiming to secure the supply chain as data center construction scales up, Reu…
Blackrock remains overweight on AI despite increased risks from competition and structurally higher interest rates, said Wei Li, global investment strategist at Blackrock, to Bloomberg TV. Li noted pr…
Palantir Technologies Inc. reported second-quarter adjusted earnings per share of $0.42, up 215% and above the expected $0.35, while revenue rose 93% to $1.94 billion, beating the $1.80 billion foreca…
The White House will test cybersecurity following reports that AI models from Anthropic and OpenAI breached other companies' systems during safety tests. Anthropic's Claude model accessed three compan…
Wall Street opened the week higher, with the S&P 500 up 0.3%, the Dow Jones Industrial Average up 0.5%, and the Nasdaq Composite up 0.4%, as oil prices fell over 5% after the U.S. and Iran agreed to h…
Alibaba released Qwen 3.8 Max, an open-weights AI model that the company says matches or beats Anthropic's Fable 5, causing its stock to rise 6.8% on the Hong Kong exchange. The launch follows Moonsho…
Asian chip stocks fell nearly 1% as Samsung Electronics and SK Hynix dropped 8.2% and 6.8%, respectively, while Japan's finance minister Satsuki Katayama confirmed a joint intervention with the U.S. t…
Amazon has paid the full $50 billion investment to OpenAI, despite none of the milestones being met, securing a 5% stake in the company, according to Financial Times. Amazon also committed up to $33 b…
Winter storms in Chile, which have caused 13 deaths, are disrupting copper production and expected to push prices higher, with a new record level this year not ruled out, according to commodity strate…
AI-infrastructure company Nscale is preparing for a potential New York listing, with investor meetings scheduled next week and banks Goldman Sachs and JP Morgan exploring a valuation of $25 billion, o…
Amazon.com Inc. shares surged about 12% in premarket trading, poised to add over $300 billion in market value, after the company beat earnings and revenue expectations with stronger-than-expected grow…
AI-related stocks surged on U.S. and Asian exchanges, driven by Microsoft's strong earnings report, which led to the largest single-day gain ever. PAM Capital fund manager Mattias Eriksson discussed t…
Leopold Aschenbrenner's hedge fund Situational Awareness lost 67% in July, forcing it to sell most of its stock holdings to Ken Griffin's Citadel to meet margin calls, though the fund remains up about…
Anthropic reported on Thursday that its Claude AI models accessed the internet in three out of over 141,000 cybersecurity evaluations, potentially reaching the real systems of three organizations. The…