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Target launches unexpected partnership beyond apparel
TheStreet89d agobullish
Target launches unexpected partnership beyond apparel

Target has increasingly leaned on exclusive launches and strategic partnerships to stand out in a retail market where consumers have more options and discretionary spending remains uneven. Over the past several years, the company has expanded beyond traditional private-label growth by introducing ...

Bloomberg89d agobullish
Netflix Unveils New Horror Game to Jumpstart Interactive Offerings

(Bloomberg) -- Netflix Inc. will release its first original horror video game on June 30, as it looks to court gamers with a tried-and-true genre.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyIn U

Oracle Shares Slide Premarket After the Company Unveils Soaring AI Spending
The Wall Street Journal101d agobullish
Oracle Shares Slide Premarket After the Company Unveils Soaring AI Spending

The move comes after Oracle reported larger-than-expected capital expenditures to fund its data center buildout—with more significant spending on the way. The company reported $55.7 billion in capital expenditures for its latest fiscal year, higher than the $50 billion Oracle previously forecast.

Meta deepens partnership with Ambani's Reliance with AI data centre
Reuters102d agobullish
Meta deepens partnership with Ambani's Reliance with AI data centre

Meta Platforms will lease an AI-ready data centre to be built by billionaire Mukesh Ambani's Reliance Industries, ‌the U.S. tech major said on Wednesday, deepening ties with the Indian ‌conglomerate. The deal comes at a time when India has seen a surge in hyperscale data centre ​builds led by U.S. cloud majors such as Amazon, Microsoft and Alphabet's Google, as New Delhi seeks to draw in investment in AI. In February, Reliance committed about $110 billion and Adani outlined $100 billion in investments to position India as an AI ‌hub.

GameStop Posts Higher Profit, Launches $2 Billion Buyback Program
The Wall Street Journal109d agobullish
GameStop Posts Higher Profit, Launches $2 Billion Buyback Program

GameStop reported a higher profit in the first quarter and said its board approved a $2 billion stock buyback authorization. Stripping out certain one-time items, GameStop reported adjusted earnings of 30 cents a share. GameStop also said its board approved a $2 billion stock buyback authorization.

Investing.com111d agobullish
IBM jumps 9% after Barclays launches coverage with bullish outlook

Investing.com -- IBM shares climbed about 9% on Monday after Barclays initiated coverage of the technology company with an Overweight rating, citing the company's evolution into a software-focused business with steady growth prospects and expanding margins.

Corning Stock Spikes on Fiber Partnership With Nvidia
Barrons.com137d agobullish
Corning Stock Spikes on Fiber Partnership With Nvidia

FEATURE Corning and Nvidia are forming a partnership to drastically expand U.S. fiber and optical connectivity production, the companies announced Wednesday. Shares of Corning, the glassmaker, jumped 15% in premarket trading.

Exclusive-Rivian mulls making its own lidar sensors, possibly in partnership with Chinese firms
Reuters137d agobullish
Exclusive-Rivian mulls making its own lidar sensors, possibly in partnership with Chinese firms

Rivian Automotive is considering making its own lidar sensors and could do so in partnership with a Chinese firm, CEO ‌RJ Scaringe said in an interview with Reuters on Tuesday. Rivian said that a version of its R2 vehicles coming later this year would include lidar sensors, which help self-driving vehicles gain a three-dimensional view of the road. Rivian did not disclose who would supply it with lidar sensors, which on demonstration vehicles were much smaller than the large, spinning units found on the streets of San Francisco and other cities in ‌robotaxis designed by Alphabet's Waymo.