Stocks diverged at the open on Monday, with the Dow Jones Industrial Average and S&P 500 slipping while the tech-heavy Nasdaq Composite wavered, as a large revenue haul by AI startup Anthropic helped …
KeyBanc analyst Michael Leshock said SpaceX will need to raise about $325 billion over the next 18-24 months to fund AI compute capacity buildouts, with cumulative capital expenditures potentially rea…
Anthropic's preliminary quarterly revenue surged 14-fold to $11.5 billion from $787 million a year ago, according to Bloomberg, as the AI lab prepares for an IPO in September or October with investors…
Groq has raised $350 million in funding at a $3.5 billion valuation, roughly half its $6.9 billion valuation from last September, after Nvidia Corp. struck a licensing deal with the startup and hired …
Micron Technology Inc. (MU) shares crossed the $1,000 level in premarket trading on Monday, marking the first time since July 6, and are up 240% year to date. The rally is driven by strong demand for …
President Donald Trump-backed World Liberty Financial is collaborating with Hong Kong-based WorldClaw, which offers AI models from Chinese companies flagged by the U.S. administration for national sec…
Two rival AI industry super PACs, Leading the Future and Public First Action, have each spent more than $2 million on ads backing U.S. Representative Byron Donalds in Florida's Republican gubernatoria…
Investment-grade companies have sold nearly $1.5 trillion of bonds this year, a 36% jump from a year earlier, driven by a borrowing binge for artificial intelligence that is pushing up Treasury yields…
Nestle is using artificial intelligence and nutritional science to develop products for the millions of Americans taking GLP-1 weight-loss drugs such as Ozempic and Wegovy, aiming to turn the rise of …
BlueScope Steel Ltd.'s underlying net profit more than doubled to A$851.2 million ($604 million) in the year through June 30, driven partly by a boom in data-center construction that lifted North Amer…
Wall Street strategists see Big Tech's AI spending starting to pay off, with JPMorgan raising its S&P 500 price target to 8,000 from 7,800, citing strong cloud demand. Microsoft's Azure surpassed $100…
Wall Street's record-setting rally, fueled by Big Tech's massive AI investments, faces a key risk from rising interest rates, which reduce the present value of future profits and pressure high-multipl…
Global bond markets face a greater threat from rising rates outside the U.S. than from the Federal Reserve, with traders pricing in about 400 basis points of rate hikes across seven major markets over…
The AI trade suffered a sharp valuation compression, with tech's forward price-to-earnings ratio falling about 30% from a year earlier at its July low, a drop comparable to the dot-com bust and financ…
The S&P 500 rose 0.4% and the Nasdaq gained 0.6% last week, while the Dow fell 0.6%, as investors look ahead to earnings from Walmart, Alibaba, Ross Stores, Deere & Company, and BJ's Wholesale Club, a…
Investors are increasingly concerned about roughly $70 billion in off-balance-sheet liabilities tied to AI companies, which could materialize during a downturn, according to Bloomberg. Nvidia Corp.'s …
A new wave of AI-generated wealth is poised to enter philanthropy, but the current giving infrastructure, particularly donor-advised funds (DAFs), is failing to translate intentions into action, accor…
Hut 8 CEO Asher Genoot said AI compute is 'critical infrastructure' akin to railroads and steel, projecting $1.75 billion in annual net operating income as new data centers come online.…
Reddit Inc. (RDDT) is set to join the S&P 500 next week, prompting a double-digit stock surge, but the company still derives over 90% of its revenue from advertising and faces an internal debate over …
Alibaba Group Holding's open-weight Qwen models surpassed 3 billion global downloads in the past six months, making it the world's most-downloaded AI model family, according to a Hugging Face Inc. rep…