News

Saudi Arabia-backed artificial intelligence company Humain has picked Goldman Sachs to advise on a financing package to build data centres in the kingdom that ‌could be worth at least 20 billion riyals, two sources with knowledge of the matter ‌told Reuters, as the firm races to expand capacity amid a regional AI push. The move illustrates how Saudi Arabia, like Gulf neighbours ​Qatar and the United Arab Emirates, is accelerating its AI build-out to capitalise on surging global demand for computing power. The country is also banking on cheap energy to power data centres - a powerful lure for hyperscalers such as Google, Microsoft and Meta that are driving AI adoption.

Synopsys (NASDAQ:SNPS) below $500 looks priced for an AI story the business does not fully support. The AI multiple attached to this stock fits worse than the valuation implies, and cleaner AI exposure exists elsewhere in the semi stack. Synopsys is the larger of the two electronic design automation giants. It sells the software chip ... Buy, Sell or Hold Synopsis Below $500?

Rivian (RIVN) has been one of the big disappointments in the EV sector. The company is valued at roughly $17 billion today, down almost 90% from its post-IPO peak, as investors remain focused on near-term vehicle production, cash burn, and manufacturing scale.

The stock market has spent much of 2026 acting like the economy is bulletproof. The S&P 500 has climbed more than 23% since President Donald Trump returned to office in January 2025, powered by artificial intelligence spending, strong corporate earnings, and investor enthusiasm over tax and deregulation policies. Yet underneath the headline gains, the labor ... Trump’s Economy Is Worse Than It Looks — Key Economic Indicator Sinks to Pandemic-Era Levels

By Aditya Soni and Abhirami G May 19 (Reuters) - Microsoft's biggest data center in India is on track to open by mid-2026, its country head said on Tuesday, as the tech giant spends heavily to bolster

Alphabet (GOOG) and SpaceX are both infrastructure companies. One monetizes the digital infrastructure the world already depends on. The other is trying to build the infrastructure the world may depend on next.

If you want exposure to U.S. technology through a single ticker, the default answer for most investors is Invesco QQQ Trust (NASDAQ:QQQ), the most recognized tech-tilted ETF in the world. The less obvious choice, SPDR NYSE Technology ETF (NYSEARCA:XNTK), has quietly outpaced it by roughly six percentage points so far in 2026. The funds look ... XNTK Has Crushed QQQ by Six Points in 2026 and the Reason Is Hidden in How Each Fund Decides Which Stocks Matter

Futures fell as AI leaders Micron, Sandisk and more keep sliding. Home Depot beat views while Google I/O kicks off.

After the sudden May surge in shares of Nvidia (NASDAQ:NVDA) alongside the broader basket of semiconductor stocks, it feels like it’s a given that Jensen Huang’s GPU giant will be the first to hit that $6 trillion valuation mark for the first time. Of course, the semiconductors have been a wild ride, and with Nvidia ... Prediction: Apple Will Be First to Hit a $6T Valuation. AI is a Massive Reason Why

Buffett may have historically steered clear of tech stocks, but buying this one was a great move.

LaunchDarkly has introduced a new solution named AgentControl, designed to offer engineering teams precise, real-time control over the behavior of AI agents in production environments. This innovation enables teams to modify agent behavior during runtime without the need for redeployment, addressing the challenges of managing agent configurations and performance across diverse models and prompts. AgentControl integrates instantaneous intervention capabilities with comprehensive operational...

Investing.com -- Coreweave and Nebius shares dropped 4.5% Tuesday morning following Blackstone’s announcement of a joint venture with Google to create a new artificial intelligence cloud company using Google’s Tensor Processing Units.

Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9.54% return, but trailing the S&P 500 Index, which dropped 4.33%. U.S. […]

Investing.com -- Bank of America maintained a Buy rating and $320 price target on Nvidia ahead of the chipmaker’s fiscal first-quarter results due after the close on Wednesday, identifying five key debates likely to dominate investor focus beyond the headline beat-and-raise dynamics the firm expects.

Citi Revamps Intel Stock Price Target For Rest of 2026

The combination creates the world's largest regulated electric utility

The new U.S.-based company will sell access to Google's Tensor Processing Unit chips as a compute-as-a-service offering, with 500 MW of capacity targeted for 2027

<body><p>STORY: From data center deals to Meta's major job cuts, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Google and Blackstone announced on Monday they’re forming an AI cloud business venture.&nbsp;</p><p>They’re aiming to capitalize on robust demand for AI data centers.&nbsp;</p><p>Major asset manager Blackstone will invest an initial $5 billion.</p><p>This will help bring 500 megawatts of data center capacity online in 2027, with further expansion planned over time.&nbsp;</p><p>The total investment value could reach $25 billion, including leverage, according to Bloomberg News.</p><p>Tesla’s Elon Musk expects fully self-driving cars without human safety monitors will soon be nationwide in the U.S.&nbsp;</p><p>"We already have some vehicles operating with no people inside and no safety monitors in three cities in Texas and what probably will be widespread in the U.S. by later this year and hopefully in Israel too."</p><p>Tesla, which has faced slowing vehicle sales, operates robotaxis in Austin, Dallas and Houston.</p><p>But when Reuters tested it, it was plagued with long wait times, no availability or incorrect drop off spots for riders.&nbsp;</p><p>Yet, Musk remains positive that cars with no humans will be ubiquitous within a decade.</p><p>Samsung Electronics and its South Korean union have narrowed some differences in talks, a mediator said on Tuesday.</p><p>Pressure’s mounting from the government and business groups to avoid an imminent and damaging strike.&nbsp;</p><p>The two sides are seeking to hash out a deal on bonus payments before nearly 48,000 workers walk off the job for 18 days on Thursday.</p><p>Samsung accounts for almost a quarter of Sourth Korea’s exports.</p><p>And a strike of that magnitude and length has the potential to inflict significant damage on the economy.&nbsp;</p><p>Samsung’s also the world’s largest memory chip maker and production disruptions could dent global supply during the AI boom.&nbsp;</p><p>Meta’s planning to lay off 10% of its employees this week as it surges its AI investments.&nbsp;</p><p>The tech giant said in a memo to staff that workforce cuts would be accompanied by organizational changes aimed at improving AI workflows.&nbsp;</p><p>It said the company plans to move 7,000 employees to new initiatives related to AI workflows and slash managerial roles.</p><p>The changes are part of a far-reaching overhaul planned at Meta this year, as it looks to center AI agents in both product offerings and internal work.&nbsp;</p><p>A robot bricklayer could help address a shortage of skilled workers, according to one of its developers...</p><p>by automating one of the most repetitive and physically demanding roles on building sites.</p><p>Founder and CEO of JT Lifestyle Homes, Dr Jan Telensky:</p><p>"When I did the survey the average age of a bricklayer in UK is 46 years, which means, and nobody is learning it. So in 20 years time who is going to build the houses if you need a bricklayer?"</p><p>His solution is WLTR, the Wall Laying Terra-Based Robot, known simply as 'Walter.</p><p>He added that the robot can do the work of five bricklayers and one labourer in an hour, while being operated by one person.</p></body>

A company doesn’t reach a $5 trillion market cap just by standing still. Alphabet is nearing that milestone and it’s making an aggressive play to challenge Nvidia AI chip dominance—and potentially its status as the world’s most valuable company. Google and Blackstone announced plans to create a new AI cloud company using the tech giant’s chips.

The stock market has climbed a wall of worry since President Donald Trump returned to the White House on Jan. 20, 2025. Tariff fights rattled investors. Treasury yields spiked. Recession fears surfaced more than once. Yet the benchmark S&P 500 has still surged roughly 23.5% since Inauguration Day. That kind of resilience usually feels bullish. ... The Trump Bull Market Has a Very Dark Side That Could End Badly for Investors

Nvidia is expected to deliver another blockbuster earnings report on Wednesday, but a shift in how artificial intelligence is used is raising doubts on how long its dominance in AI chips ‌can last. After years of near-monopoly in chips used to train AI systems, Nvidia is facing competition from tech giants building their ‌own chips to capture demand that is shifting toward processors that run AI systems, respond to queries and carry out tasks in real time. This so-called inference market is ​much larger, but also more contested.

Artificial intelligence has become Wall Street’s favorite growth story. Investors have poured money into companies tied to AI chips, cloud infrastructure, utilities, and data centers as businesses race to build the computing backbone needed for the next generation of software. The opportunity is massive — and so is the spending. Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet ... The $1 Trillion AI Data Center Buildout Is Fueling a Cost Consumers Can’t Escape

President Trump made 94 different trades of 'Magnificent 7' stocks in the first quarter of 2026, a new ethics disclosure shows, executing millions of dollars in transactions even as he was meeting with and often promoting these top tech companies.

Duquesne's billionaire boss jettisoned the hottest member of the "Magnificent Seven" in favor of an unstoppable trio profiting from the insatiable demand for AI hardware.

↗️ ServiceNow (NOW): Bank of America analysts said ServiceNow would benefit from AI, and gave the stock a buy rating yesterday, sending it up 8%. The business-software company's shares are up again premarket; they were still down about a third year to date as of yesterday's close.

The AI chipmaker's stock surged on its open day of trading last week, and it's still well above its IPO price.

Buffett is no longer CEO, but he was almost certainly involved with Berkshire's stock purchases in Q1.

Apple, ticker NasdaqGS:AAPL, is preparing a major Siri overhaul for iOS 27 that uses new AI capabilities and tighter privacy controls. The update is set to integrate Google Gemini AI within Apple’s ecosystem while emphasizing user control and automatic data minimization. This move marks a shift in how Apple approaches AI partnerships, virtual assistants and on-device privacy. For Apple, the company behind the iPhone, iPad and Mac, this kind of AI refresh is about more than a new software...

Combined 2026 capital spending from three cloud giants is set to top $570 billion, and they could be a smarter way to play artificial intelligence over the long haul.

Ben Carlson of Ritholtz Wealth Management has flagged what he calls “one of the biggest trends that I’ve seen in the wealth management space in the last 5 years”: clients walking in the door already asking for tax-aware diversification, rather than advisors having to sell it to them. The two archetypes he cited on The ... I Have 90% of My Net Worth in One Stock. How Do I Diversify Without a Massive Tax Bill?