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Bloomberg67d agoneutral
Nvidia Says Anthropic, OpenAI Among Users of New Vera Chip

(Bloomberg) -- Nvidia Corp. said Anthropic PBC, OpenAI and SpaceX are among the first big users of its upcoming microprocessor, securing key customers for its latest attempt to expand an already extensive footprint in AI data centers.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air Base

AI Bubble Debate Gets Real as Chip Stocks Rally Turns Historic
Bloomberg67d agobullish
AI Bubble Debate Gets Real as Chip Stocks Rally Turns Historic

(Bloomberg) -- Chipmakers are by far the hottest stocks in the market, but their recent surge is lending urgency to the debate over whether investors are buying into an artificial-intelligence bubble that’s due to burst.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns

SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners
Bloomberg68d agobearish
SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners

(Bloomberg) -- The hunt is on for companies that could benefit from the tailwinds of an unprecedented wave of stock offerings in the US, and investors are increasingly honing in on the Asian supply chain.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns Zepbound to Drug

Jeff Bezos Says Bottom 50% of Americans Should Pay No Tax. The Real Culprit Is Federal Spending
24/7 Wall St.68d agoneutral
Jeff Bezos Says Bottom 50% of Americans Should Pay No Tax. The Real Culprit Is Federal Spending

On a recent episode of The Pomp Podcast featuring guest Jordi Visser, host Anthony Pompliano surfaced a notable statement from Amazon (NASDAQ:AMZN) founder Jeff Bezos: the bottom 50% of Americans should pay no federal tax. Pompliano paired that proposal with a data point and a pivot. The data point: that bottom-half cohort currently contributes about ... Jeff Bezos Says Bottom 50% of Americans Should Pay No Tax. The Real Culprit Is Federal Spending

Blue Origin faces months of delays after rocket explosion damages launch pad
Reuters68d agoneutral
Blue Origin faces months of delays after rocket explosion damages launch pad

Blue Origin faces a months-long setback after the explosion of a rocket damaged its launch pad, company and industry sources said, scrambling schedules for Amazon satellite launches and bolstering SpaceX's dominance in the commercial launch market. The mishap, ‌which occurred during a test fire of the engines for the New Glenn rocket's launch next week, comes at a critical time ‌for Jeff Bezos' business empire. A Blue Origin booster called "No, It's Necessary" - a nod to a line from the film Interstellar - was wrecked in the incident on Thursday.

AST SpaceMobile Plunges 17%, Planet Labs Drops 8% on Blue Origin Explosion, While Virgin Galactic Surges 11%
24/7 Wall St.69d agobearish
AST SpaceMobile Plunges 17%, Planet Labs Drops 8% on Blue Origin Explosion, While Virgin Galactic Surges 11%

Space stocks are splitting sharply this Friday morning after Blue Origin’s New Glenn rocket exploded during a hotfire test late Thursday at Cape Canaveral. AST SpaceMobile (NASDAQ:ASTS) stock is down 17% to $111, while Planet Labs (NYSE:PL) stock has dropped 8% to roughly $47.50 and Rocket Lab (NASDAQ:RKLB) stock has slipped 6% to $139. Virgin ... AST SpaceMobile Plunges 17%, Planet Labs Drops 8% on Blue Origin Explosion, While Virgin Galactic Surges 11%

Hershey Bull Sees World Cup, America 250 Lifting Sales
Bloomberg69d agoneutral
Hershey Bull Sees World Cup, America 250 Lifting Sales

(Bloomberg) -- Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at L

Blue Origin Rocket Explosion Sends Space Stocks Plummeting
The Wall Street Journal69d agoneutral
Blue Origin Rocket Explosion Sends Space Stocks Plummeting

Shares of space companies are falling back to earth after a rocket being tested by Jeff Bezos’ Blue Origin exploded Thursday night. Blue Origin had been planning to use New Glenn to deploy commercial satellites for Amazon and other companies and to blast its own cargo lander to the moon. The fallout rippled across the industry, with companies that are tied to Blue Origin—and others that aren't—falling shortly after the opening bell.

Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan
24/7 Wall St.69d agoneutral
Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Jeff Bezos walked the factory floor at Blue Origin on May 20, 2026 and used a CNBC interview to propose zero federal income tax for any American earning $75,000 a year or less. He framed wealth inequality as a government efficiency problem, anchoring his argument around a single working person. “There’s this tale of two ... Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Dell rallies about 40% on strong Nvidia‑powered AI server demand
Reuters70d agobullish
Dell rallies about 40% on strong Nvidia‑powered AI server demand

Shares of Dell Technologies soared nearly 40% in premarket trading on Friday, after robust demand for its Nvidia-powered ‌AI servers prompted the company to raise its annual revenue ‌and profit forecasts. Dell has benefited significantly from data center investments by Alphabet and Amazon, as well as price increases and improved supply chain management. On Thursday, Dell ‌raised its annual revenue forecast ⁠to $165 billion to $169 billion from $138 billion to $142 billion, and said it now expects AI server revenue of about $60 ⁠billion in fiscal 2027, up from $50 billion.

Navellier to SpaceX buyers: wait for escape velocity
TheStreet70d agobullish
Navellier to SpaceX buyers: wait for escape velocity

While it seems like every retail investor on the planet is going to be fighting over SpaceX shares on initial public offering (IPO) day, I believe this is a classic wait-and-see. Further, aerospace suppliers might be a better way to profit from the SpaceX IPO craze than a direct investment in ...

Dell shares rocket on bullish forecast for AI demand
Reuters Videos70d agoneutralVIDEO
Dell shares rocket on bullish forecast for AI demand

<body><p>STORY: :: Dell</p><p>Dell shares rocketed higher in after-hours trade Thursday, jumping around 39%.</p><p>The surge came after the computer maker lifted revenue and profit expectations.</p><p>Dell says it is seeing soaring demand for AI-optimized servers used in data centers.</p><p>It’s benefiting as tech giants like Alphabet and Amazon plan to spend over $700 billion on AI-related infrastructure this year.</p><p>Dell now expects annual revenue of up to $169 billion - way up on the previous forecast of up to $142 billion.</p><p>AI server revenue is expected to hit $60 billion for fiscal 2027, $10 billion up on previous expectations.</p><p>The company has been adjusting prices constantly as strong global demand causes the cost of memory chips to soar.</p><p>:: Dell</p><p>On a call with analysts, Chief Operating Officer Jeff Clarke said he knew customers were feeling the pain.</p><p>But he said there was little sign of inflationary pressure easing.</p><p>One analyst told Reuters that Dell looked well placed to cope with the chip shortage, helped by its scale and strong relationships with suppliers.</p></body>

Australian watchdog sues Amazon unit over children's backpack safety
Reuters70d agoneutral
Australian watchdog sues Amazon unit over children's backpack safety

Australia's competition watchdog said on Friday that it has initiated legal action against Amazon's local unit, alleging breaches ‌of product safety labelling laws related to children's backpacks. According to ‌the Australian Competition and Consumer Commission (ACCC), the company is accused of supplying children's "Unicorn Toddler Backpacks" ​that were not compliant with mandatory safety standards for button batteries.

Dell raises annual forecasts as AI data center buildout fuels demand
Reuters70d 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.