Meta’s unconfirmed plan to build a cloud business faces competition from a well funded rival less than 24-hours later.
AI
CoreWeave stock continues to fall after the report that Meta could look to sell AI computing capacity. But Wall Street says it may be time to buy CoreWeave.
The CEO of an AI investing start-up sees a bumpy road for tech stocks and suggests advisors use buffer ETFs or options strategies to protect client portfolios.
OpenAI would reportedly like to add the U.S. government to its list of investors.
In the absence of a data-center category, Amazon, Microsoft, and Google facilities have been approved as ordinary building projects, exempting them from holding public hearings.
Nvidia stock is lagging behind the broader semiconductor sector this year but it has a plan to increase its customer base.
Guggenheim analyst John DiFucci says now is the time for Wall Street to take advantage of the deep software selloff.
U.S. sets up new trade limbo with Canada and Mexico, SpaceX emerges at threat to wireless providers, Kroger wades back into M&A, and more news to start your day.
“I don’t want to call it an anti-AI trade, but I think it’s the other side of the barbell.”
Tokens are the currency of the AI age, but no one can figure out what they’re ultimately worth. Customers are confused and Wall Street is puzzled.
Most tech stocks are having another great year, leading to worries that market-tracking index funds are overvalued and far too concentrated. Here are five defensive sectors—and 13 funds—that can provide protection.
Tech stocks now account for 39% of the S&P 500 and were the primary drivers of the $1.7 trillion Vanguard S&P 500 ETF’s 15% return.
Chip stocks fell but software got a boost.
SpaceX’s stock slide may be a reason why the ChatGPT and Claude owners should go public before the IPO window shuts.
Meta rises on a report that it hopes to generate revenue from selling excess computing power to third parties. CoreWeave and Nebius are falling.
Micron stock is falling to kick off the third quarter but memory-chip prices were higher in June.
Meta Platforms rises on a report it plans to sell excess AI computing capacity.
Combined, NIO, Li and XPeng delivered 111,618 cars in June, up 16% year over year. It was the strongest monthly growth since March.
Numbers for Tesla’s second-quarter deliveries range from below 400,000 cars to almost 470,000. The divergence is wide.
Wedbush analyst Dan Ives launched coverage of SpaceX with a Buy rating and $190 price target.
Amazon stock and Broadcom could get a boost from news Anthropic has struck a deal with the Trump administration over its latest AI model.
AMD could become the fourth chip company in the trillion-dollar club but it won’t be Wednesday.
Micron told Barron’s that purchasing decisions made by large customers in 2023 are partly to blame for the current shortage of memory chips.
A Swedish court determines the Alphabet-owned tech giant favored its own shopping service in search results.
Guggenheim analyst John DiFucci raises his rating on Salesforce to Buy from Hold with a $228 price target.