Yahoo Finance49d agoneutral
SpaceX stock sinks after breaking three-day winning streakSpaceX was set to open lower on Thursday, extending losses from the prior session.
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The Wall Street Journal49d agoneutral
Turbocharged Earnings Are Pushing Stocks Higher. There’s a Catch.The stock market is salivating over big increases in corporate earnings, but there’s a catch. Analysts expect S&P 500 companies’ earnings growth to top 20% for a second consecutive quarter in the current period, in part because of soaring profits by semiconductor makers and other AI-infrastructure companies. This combination has worked wonders for corporate earnings broadly.
Bloomberg49d agoneutral
Anthropic Ban Forces Investor Rethink of Political Risk(Bloomberg) -- Investors in the ever-hotter AI stock rally must suddenly consider a risk with the potential to be even more damaging than high valuations and big spending: Politics getting in the way.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USTrump Blows Through His Iran Red Lines in Justifying Peace DealNetanyahu Pays a Political Price for Tr
The Wall Street Journal49d agoneutral
How Hackers Found a Back Door Into the American Living RoomNation-state cyberattackers are increasingly using residential proxy networks to mask their traffic, turning everyday electronics into a massive global threat.
Quartz50d agoneutral
SpaceX stock passes Amazon in market cap after record IPOSpaceX stock has risen around 50% since its Nasdaq debut last Friday, pushing its valuation above $2.66 trillion at Tuesday's close
Reuters50d agoneutral
AI startup Genspark valued at $2.6 billion in latest funding roundTechnology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion, underscoring strong investor appetite for AI companies developing workplace productivity tools. The round was backed by existing investors including Sozo Ventures, Korea Mirae Asset and UpHonest Capital. The latest investment brings the Palo Alto, California-based company's total Series B financing to $485 million.
Reuters51d agoneutral
Microsoft's cloud infrastructure talks with Oracle collapse, Business Insider reportsJune 16 (Reuters) - Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance
The Wall Street Journal51d agoneutral
SpaceX Overtakes Amazon by Market Cap—With Microsoft in Its SightsSpaceX shares are surging 14% in early trading, putting Elon Musk's rocket company on track for a third-straight day of gains. On an intraday basis, SpaceX has already crossed that threshold. Its stock move gives the rocket company a market cap of about $2.937 trillion, versus $2.654 trillion for Amazon.
Reuters Videos51d agoneutralVIDEO
Tech Weekly: A blockbuster IPO, a sweeping online block<body><p>STORY: From a record-breaking IPO to a far-reaching online ban, this is Tech Weekly. </p><p>:: Tech Weekly</p><p>SpaceX on Thursday priced the biggest-ever U.S. initial public offering, raising a record $75 billion. </p><p>It’s made Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.</p><p>Selling 555.56 million shares at $135 apiece, the company was valued at $1.77 trillion. </p><p>Thursday’s pricing supports Musk's most ambitious project yet - even as some analysts question whether its lofty valuation is justified.</p><p>The company said Monday its underwriters had exercised the so-called "greenshoe" option to purchase additional shares.</p><p>Microsoft has been sued by shareholders who say they've been defrauded. </p><p>They’ve said the tech giant inflated its stock price by failing to disclose slowing growth in its Azure cloud business.</p><p>And failing to disclose the need to spend billions of dollars on AI infrastructure. </p><p>The proposed class action, filed Friday, was prompted by Microsoft shares falling 10% on January 29 after an earnings report.</p><p>About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.</p><p>Microsoft said on Monday it believes the claims are "without merit”. </p><p>British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s..</p><p>And impose restrictions on gaming and livestreaming platforms for the age group. </p><p>This amounts to some of the world's most far-reaching online restrictions, with the ban coming into place by next spring.</p><p>He said this would help protect children online while pushing back against the power of big technology companies.</p><p>"At the moment, strangers can contact any child unchecked. Just think about that. Is there a situation in the offline world where you would just let your child pair up with a stranger, an adult that you don't know anything about?”</p><p>Ford and other automakers are scrambling to obtain U.S. government authorization to continue selling certain models - despite being on the market for years. </p><p>It’s due to a U.S. ban on Chinese-developed and -maintained software in connected vehicles. </p><p>Ford told Reuters it’s asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV.</p><p>And said despite its tech being built in the U.S., its installation in China now requires government approval. </p><p>Lawmakers have proposed making the rules even tougher.</p></body>
MediaPost51d agoneutral
Residence Acquires Influencer Agency GateMakerGateMaker was founded in 2021 by Ashton Wall and Amelia Soohoo and has worked with brands such as Amika, Estee Lauder Companies, Glossier, LG, L'Occitane en Provence, Milk Makeup, NARS, NEST, Pacifica, Rag & Bone, Reebok, Starbucks, and more.
Reuters52d agoneutral
Microsoft sued by shareholders over expenses, cloud business, AIBy Jonathan Stempel June 15 (Reuters) - Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its
GuruFocus.com52d agoneutral
SpaceX Extends Its Record IPO GainsSpaceX was the largest IPO in history surpassing $2.1 trillion market cap
TheStreet53d agoneutral
Goldman Sachs resets Apple stock forecast after WWDCApple has spent years trying to convince investors that its next major growth story will not depend only on a new iPhone. That effort has become more urgent as artificial intelligence reshapes the technology industry, with rivals including Google, Microsoft, OpenAI, and Meta moving faster with ...
MT Newswires55d agoneutral
Market Chatter: Microsoft Explores Xbox Overhaul With Spinoff Option on Table, New Games in PipelineMicrosoft (MSFT) hasn't ruled out spinning out or restructuring its Xbox gaming unit as a subsidiary
Reuters55d agoneutral
Microsoft has considered spinning off Xbox, the Information reportsMicrosoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as a wholly owned subsidiary, the Information reported on Friday, citing three people with direct knowledge of the discussions. The Windows maker is also weighing options such as creating a joint venture with other partners as it prepares to overhaul the unit, which could make the gaming business easier to sell, the report said. Xbox has struggled in recent years as Microsoft's bet on subscriptions and cloud gaming failed to offset declining console sales and a shortage of blockbuster titles.
24/7 Wall St.55d agoneutral
SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion ValuationSpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion. According to CNBC’s Melissa Lee, that places SpaceX as the seventh most valuable U.S. company, ahead of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the edge ... SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation
TechCrunch55d agoneutral
SpaceX, Anthropic, and OpenAI’s hot IPO summerThe IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]
Trefis55d agoneutral
The Tariff Threat To Apple Stock Vanished. Its Replacement Is A Bigger Worry.Management has gone quiet on the geopolitical cost pressures that once dominated its calls, but the new, unquantified component headwind they're flagging instead could pose a more direct threat to record profits.
Quartz55d agoneutral
Hedge funds dump Magnificent Seven stocks ahead of SpaceX IPOJPMorgan data show hedge funds cut positions in the biggest U.S. tech names, with some adding bearish bets, just before SpaceX began trading Friday
Reuters55d agoneutral
Exclusive-South Korea's SK Hynix to opt for Nasdaq for planned US listing, sources saySouth Korean memory chipmaker SK Hynix is looking to choose the Nasdaq for its planned U.S. listing, two sources familiar with the matter said, opting for the technology-heavy bourse to capitalize on investor appetite for AI-linked stocks. The planned listing as early as August comes after a 230% surge in SK Hynix's share price this year, lifting its market value above $1 trillion in May. The U.S. listing is expected to broaden the company's investor base and raise its profile among global investors. The company selected Nasdaq over the New York Stock Exchange, said the sources, who declined to be identified because the information was not public.
Reuters55d agoneutral
Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data showsHedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday. Shares in the "Magnificent Seven" -- a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday. The Roundhill Magnificent Seven ETF, which tracks these stocks closely, declined over 2.4% since June 5, with some analysts saying investors were clearing their decks in order to prepare for the debut of Elon Musk's Space X on Friday.
Motley Fool55d agoneutral
How Backlash Against Data Centers Could Start Showing Up in Hyperscalers' Earnings ReportsAs states like Ohio move to increase their regulation of data centers and reduce their subsidies for the businesses behind them, the costs of building and operating them could increase significantly.
Bloomberg56d agoneutral
CoreWeave AI Funding Goes Global With First Euro Junk-Bond Deal(Bloomberg) -- Cloud-computing giants powering the artificial intelligence boom are tapping global debt markets to fund hundreds of billions of dollars needed for data centers, chips and other infrastructure. Junk-rated CoreWeave Inc. is now following their lead.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Vows New Attacks on Iran, Threatens Key Energy TargetsUS Strikes Iran in Trump Escalation
Bloomberg56d agoneutral
Amazon Says Its Data Centers Use 2.5 Billion Gallons of Water(Bloomberg) -- Amazon.com Inc. said its data centers used 2.5 billion gallons of water worldwide last year, or about 5% of the amount metro Seattle consumes annually.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapThe world’
Bloomberg56d agoneutral
CoreWeave’s Credit Rebound Spurs Cheaper Data Center Funding(Bloomberg) -- When Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Xbox Plans Significant Layoffs as New CEO Plans OverhaulUS Strikes Iran in Trump Escalation Over Stalled Peace TalksTech Sto
Barrons.com56d agoneutral
Oracle Stock Slides on Mixed Earnings. Software Is an Issue.Oracle shares fell in the Thursday premarket after the company reported mixed earnings results for its fiscal fourth quarter after the Wednesday bell. Oracle also said that its capital expenditures for the current fiscal year would be around $70 billion, plus another $20 billion to $25 billion paid directly by customers. In its just ended fiscal 2026 year, Oracle’s capex was $56 billion, up from $21 billion in fiscal 2025.
TheStreet57d agoneutral
Michael Burry delivers contrary Lululemon stock verdictWall Street has plenty of reasons to run from Lululemon Athletica (LULU). The premium athletic apparel firm trimmed its full-year guidance, warned of lower demand in the second quarter, and highlighted further difficulties in its important Americas sector. But when a once-hot growth stock becomes ...