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Apple Spent Billions Chasing A Self-Driving Car, Then Walked Away—Waymo Now Bought The Test Site For $220 Million
Benzinga62d agoneutral
Apple Spent Billions Chasing A Self-Driving Car, Then Walked Away—Waymo Now Bought The Test Site For $220 Million

Alphabet Inc.-backed (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo has reportedly acquired Apple Inc.‘s (NASDAQ:AAPL) self-driving proving facility in Arizona for $220 million. Waymo Acquires Apple Facility On Monday, the Phoenix Business Journal first reported that Waymo acquired the property from Delaware-based Route 14 Investment Partners LLC, which is associated with Apple. The 5,500-acre facility includes a 115-acre city course, as well as a four-mile oval track and a freeway course. Read Also: Tesla

Google’s new feature comes with a catch
TheStreet62d agoneutral
Google’s new feature comes with a catch

For millions of people, posting online is no longer just a hobby. It's a business. More than 200 million people considered themselves creators as of 2025. In the U.S. alone, 27 million creators make income through content, according to Salesforce data. And the money behind this work is also growing ...

Intel stock makes eye-popping move on Google, Nvidia news
TheStreet62d agoneutral
Intel stock makes eye-popping move on Google, Nvidia news

Intel spent the second half of last week, between June 4 and 5, getting hammered alongside the rest of the chip sector. Then things changed on Monday, June 8. Shares of Intel (INTC) jumped about 13% to roughly $112 in early trading, one of the stock’s sharpest single-day moves of the year, after ...

Intel (INTC) Stock Trades Up, Here Is Why
StockStory62d agoneutral
Intel (INTC) Stock Trades Up, Here Is Why

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 12.1% in the afternoon session after The Information reported that Google placed a firm order for more than 3 million of its tensor processing units to be manufactured by Intel in 2028, while Nvidia is running early trials on Intel's most advanced 18A process for its next-generation Feynman GPU architecture.

How Berkshire’s Housing and AI Bets May Reshape Its Operating Focus for Berkshire Hathaway (BRK.A) Investors
Simply Wall St.62d agoneutral
How Berkshire’s Housing and AI Bets May Reshape Its Operating Focus for Berkshire Hathaway (BRK.A) Investors

In early June 2026, Berkshire Hathaway under new CEO Greg Abel moved to acquire homebuilder Taylor Morrison Home for cash while also committing US$10.00 billion to a private Alphabet placement focused on artificial intelligence infrastructure. Together, these actions highlight a shift away from primarily listed-equity bets toward owning and financing operating businesses in housing and advanced technology. With this renewed emphasis on AI-focused capital deployment, we'll now examine how the...

Wall Street Is Rushing to Fund the AI Bonanza in Every Conceivable Way
The Wall Street Journal62d agoneutral
Wall Street Is Rushing to Fund the AI Bonanza in Every Conceivable Way

Such is life on Wall Street at the dawn of the artificial-intelligence build-out. Tech companies are hungry for cash to invest in data centers, and investors are forking it over through all possible means, in all parts of the globe—a flurry of fundraising that has mostly supported markets by powering technological advances, even as it tests their ability to absorb it all. Alphabet’s announcement that it would raise $85 billion of equity was just the latest example.

Apple Finally Released A Brand-New Siri. Then Its Share Price Cratered.
24/7 Wall St.62d agoneutral
Apple Finally Released A Brand-New Siri. Then Its Share Price Cratered.

Apple finally pulled the curtain back on its long-awaited AI assistant overhaul today, and Wall Street promptly punished the stock. Apple (NASDAQ:AAPL) unveiled “Siri AI,” a system-wide assistant with on-device context, screen awareness, and a dedicated Siri app, partly powered by Google’s Gemini foundation models. Shares rose 2.5% in early trading, then fell 4.8% after ... Apple Finally Released A Brand-New Siri. Then Its Share Price Cratered.

S&P 500, Nasdaq end up as chipmakers rebound
Reuters Videos62d agoneutralVIDEO
S&P 500, Nasdaq end up as chipmakers rebound

<body><p>STORY: U.S. stocks ended mostly higher Monday boosted by shares of chip companies.</p><p>While the Dow fell slightly, the S&P 500 added three tenths of one percent and the Nasdaq climbed about nine tenths.</p><p>:: Intel</p><p>Intel shares jumped 11% after news website The Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028.</p><p>:: Marvell Technology</p><p>And shares of Marvell Tech rose 9.5% after S&P announced that the company would be added to the&nbsp;S&P 500 index later this month.</p><p>Also, Iran and Israel said they had halted attacks on each other.</p><p>This came after an appeal from U.S. President Donald Trump that they immediately "stop shooting."&nbsp;</p><p>The attacks over 24 hours were the most direct confrontation between Iran and Israel since an April ceasefire in the war.</p><p>Justin Livengood, senior portfolio manager with Invesco, says he thinks regardless of when there is an end to the conflict in the Middle East, energy prices could stay higher, which could lead the Federal Reserve to raise interest rates.</p><p>“Inflation's been drifting up in general the last six to nine months, not just for oil prices but even for core elements. And that's a concern. I think that concern persists as oil and natural gas prices linger higher. And the longer that persists, the more likely we are to have a Fed feel they need to raise rates late this year. I certainly feel that right now the base case for the Fed is a hike, not a cut, as their next move. And I think with each week and month that this Middle East conflict continues. The odds of that hike get pulled forward.”&nbsp;</p><p>:: Apple</p><p>Other stocks on the move included Apple which dropped almost 2% after announcing a Siri revamp at its annual Worldwide Developers Conference.</p><p>:: AWS</p><p>And shares of Corning gained 5.5% after Amazon announced a multi-year multi-billion-dollar deal to buy the company's optical fiber and cables for its data centers.&nbsp;</p></body>

Analyst reveals a surprising winner in the AI race
TheStreet62d agoneutral
Analyst reveals a surprising winner in the AI race

Bitcoin miners are emerging as an important part of the artificial intelligence buildout, according to a new research note from Bernstein analyst Gautam Chhugani. The firm initiated coverage of two mining companies, TeraWulf and Cipher Digital, with "Outperform" ratings, calling them "the power ...

Alphabet Intel Chip Pact Reshapes AI Supply Chain And Investor Outlook
Simply Wall St.62d agoneutral
Alphabet Intel Chip Pact Reshapes AI Supply Chain And Investor Outlook

Alphabet plans to use Intel to manufacture over 3 million custom AI chips in 2028. The move shifts a portion of Alphabet’s Tensor Processing Unit production away from TSMC due to capacity constraints. This is the first time Alphabet will rely on Intel as a contract manufacturer for its proprietary AI hardware. The agreement reshapes parts of the global semiconductor supply chain and highlights rising competition in AI chip sourcing. Alphabet, trading as NasdaqGS:GOOGL, is committing...