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Oppenheimer issues bold price target on SpaceX stock
TheStreet59d agoneutral
Oppenheimer issues bold price target on SpaceX stock

SpaceX’s (SPCX) historic IPO kicked off with a valuation few companies ever touch. Consequently, it also left investors wondering how much upside is left, or whether profit-taking is about to begin. SpaceX's stock, priced at $135, raised $75 billion, opening a brand new chapter for Elon Musk’s ...

Alibaba Unveils New AI Chip, Upgrades AI Model
The Wall Street Journal85d agobullish
Alibaba Unveils New AI Chip, Upgrades AI Model

Alibaba has unveiled a new artificial-intelligence chip as well as an update of its AI model, as the Chinese company aggressively pursues its AI ambitions on multiple fronts. Alibaba also released an update of its large language model, called Qwen3.7-Max, which is engineered for more advanced agent coding and complex reasoning. Alibaba’s management said in a recent earnings call that scaling up the deployment of its in-house chips represent “the highest value for money compute power,” which will improve Alibaba Cloud’s margins.

Tencent Maintains Double-Digit Profit Growth Amid Intensified AI Investment
The Wall Street Journal91d agoneutral
Tencent Maintains Double-Digit Profit Growth Amid Intensified AI Investment

Tencent Holdings extended its streak of double-digit profit growth in the first quarter despite the Chinese tech giant’s ballooning investments to stay ahead in China’s artificial-intelligence race, though revenue growth slowed. Tencent was previously focused on leveraging the technology to boost productivity and reduce costs across various businesses.