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Dell raises annual forecasts as AI data center buildout fuels demand
Reuters73d agobullish
Dell raises annual forecasts as AI data center buildout fuels demand

Dell boosted its annual revenue and profit expectations on Thursday, showing data center expansion by clients is ‌fueling demand for its AI-optimized servers that are powered ‌by Nvidia's powerful chips. U.S. tech giants including Alphabet and Amazon plan to spend over $700 ​billion on AI infrastructure this year, which would drive up demand for server and data center equipment from suppliers such as Dell and Super Micro Computer. These AI servers are critical for powering services such as ‌ChatGPT, as they are ⁠equipped with advanced memory chips to store data and instructions, providing the immense computing power required for such ⁠applications.

USPS, DHL partner in a $10 billion 'last-mile' delivery agreement
Associated Press73d agoneutral
USPS, DHL partner in a $10 billion 'last-mile' delivery agreement

The United States Postal Service said Thursday it reached a $10 billion deal to provide “last-mile” package delivery services for DHL eCommerce, an arm of German package services provider DHL. The USPS said in December it intended to open its last-mile delivery network to large and small shippers, expanding beyond current arrangements with Amazon and UPS. Postmaster General David Steiner said in a call with reporters that since the USPS delivers to 170 million locations six days a week, “we are the best last-mile provider by default.”

Best Buy Surges on Earnings. Its 5% Yield Looks Even Better
Barrons.com73d agobullish
Best Buy Surges on Earnings. Its 5% Yield Looks Even Better

Best Buy is known for its laptops and smartphones. Best Buy stock surged nearly 17% Thursday after the electronics chain reported first-quarter operating earnings of $1.28 a share, up from $1.15 a year earlier—helped by higher margins and a 2% bump in same-store sales. Best Buy, meanwhile, stoked the uncertainty further when it announced in April that CEO Corie Barry would step down Oct. 31, to be replaced by longtime company veteran Jason Bonfig.

Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8
Reuters73d agoneutral
Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

Anthropic on Thursday said it is launching an upgraded ‌Claude Opus 4.8 model even as ‌it works to release its powerful, market-moving Mythos model ​to all customers in the coming weeks. Mythos is the AI lab's large language model with advanced cybersecurity capabilities that have ‌raised concerns among ⁠executives and world leaders about its impact. As a part of Project ⁠Glasswing, major tech firms such as Amazon, Microsoft and Apple are permitted to ​use Mythos ​for cybersecurity purposes.

Amazon's dividends & stock splits: What you need to know
TheStreet73d agoneutral
Amazon's dividends & stock splits: What you need to know

Amazon is the biggest online retailer in the world. It’s made tens of billions of dollars in profit, and the company uses that cash to finance its businesses and projects for future earnings growth. Despite the massive take in earnings, the company hasn’t paid cash dividends to stockholders and has ...

ETFs Were Built to Make Investing Easier. They May Also Make Crashes Faster
24/7 Wall St.73d agobearish
ETFs Were Built to Make Investing Easier. They May Also Make Crashes Faster

For years, exchange-traded funds were one of Wall Street’s great success stories. ETFs gave ordinary investors cheap diversification, instant market exposure, and lower fees than traditional mutual funds. Instead of picking individual stocks, investors could buy the whole market with a single click. It was investing simplified. But the ETF market has grown into something ... ETFs Were Built to Make Investing Easier. They May Also Make Crashes Faster

Amazon Will Join The $3 Trillion Club on This Date
24/7 Wall St.73d agoneutral
Amazon Will Join The $3 Trillion Club on This Date

Amazon (NASDAQ:AMZN) is knocking on the door of the $3 trillion club. At $265.29, the e-commerce and cloud titan carries a market cap of $2.86 trillion. The stock is up 14.93% year to date after a Q1 earnings beat that landed CEO Andy Jassy’s growth story back in front of investors. The price required for ... Amazon Will Join The $3 Trillion Club on This Date

Despite Hitting a $1 Trillion Valuation, Micron Remains My Favorite Stock for 2026
24/7 Wall St.73d agoneutral
Despite Hitting a $1 Trillion Valuation, Micron Remains My Favorite Stock for 2026

For years, investors treated memory-chip companies like airlines or steelmakers — cyclical businesses that boomed when supply tightened and collapsed when too many competitors flooded the market with inventory. That’s why what’s happening with Micron Technology (NASDAQ:MU) today feels so different. The company just crossed a $1 trillion valuation after a blistering rally, yet the ... Despite Hitting a $1 Trillion Valuation, Micron Remains My Favorite Stock for 2026