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The Magnificent Seven's first-quarter earnings are in the books, and the seven companies registered their best profit growth in nearly five years. All remain pillars of the S&P 500 index. Collectively, Mag 7 earnings jumped 63.2% year over year, according to a report from FactSet.
(Bloomberg) -- Qualcomm Inc. reached a deal with TikTok owner ByteDance Ltd. to supply chips for artificial intelligence data centers, according to people familiar with the matter, marking a key win for a company trying to expand from smartphone processors into AI infrastructure.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good N
The largest U.S. IPOs tend to underperform the market, with a not-insignificant share of those stocks delivering negative returns.
The European Union is planning to fine Alphabet's Google a high triple-digit million euro amount as part of an antitrust investigation, Germany's Handelsblatt newspaper reported, citing commission sources. The investigation, which was officially launched in March 2025, relates to concerns that Google favours its own services in search results and seeks to ensure the world's most popular internet search engine complies with local regulation. The European Commission and Google were not immediately available for comment.
It may keep offering you advice based on information that may be dated—or wasn’t even about you in the first place.
The ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) sits at an awkward crossroad heading into summer 2026. Shares trade near $19.08, down 5% year-to-date even as the public-side AI mega-caps it holds have ripped higher. That disconnect matters because XOVR is the rare ETF that pairs late-stage private growth (SpaceX is the publicly known anchor) with public ... XOVR ETF: Watch Hyperscaler AI Capex Before Summer 2026 Earnings Season
The AI chip race has produced a handful of clear winners. Broadcom is one of them. But the question heading into its next earnings report is no longer about whether it is a top AI stock to own. The real debate now is: Can a company already pulling in billions from artificial intelligence keep ...
(Bloomberg) -- As big tech companies raise hundreds of billions of dollars to fund artificial intelligence investments, Wall Street banks are increasingly finding they have to trade more credit derivatives to keep doing business with the hyperscalers.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentTrump’s 3,711 Trades Point to Multiple Stock-Market StrategiesTrump to Force Foreigners Seeking Green Cards to Go Home FirstUAE Joins Saudis, Qatar in Urging Trump Not
The well-known venture capitalist who bet on Google says that the AI revolution is, if anything, underhyped.
Elon Musk, Sam Altman and Dario Amodei once sparred over how OpenAI could catch Google in AI. Now, the trio are preparing blockbuster flotations...
Investing.com -- Strong U.S. macroeconomic performance continues to outpace other developed economies, powered by real GDP growth tracking at a 2% to 3% pace in recent quarters, according to institutional research released by Citi this week.
(Bloomberg) -- Anthropic PBC is set to close its latest round of funding, which may top $30 billion at a valuation above $900 billion, as soon as next week, according to people familiar with the matter, vaulting ahead of rival OpenAI to become the world’s most valuable AI startup.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaUAE Joins Saudis, Qatar in Urging Trump Not to Restart WarIran in Talks Wi
Alphabet's Google on Friday appealed a Washington federal judge's ruling that it holds illegal monopolies in online search and related advertising. • Google argued that U.S. Judge Amit Mehta made legal errors in his 2024 ruling, which found the company illegally blocked competitors by paying billions of dollars annually to firms including Apple to be the default search engine on new devices. • The arrangements did not prevent the device makers and browser developers from promoting rival search services like Microsoft's Bing, Google argued.
Strong first-quarter earnings growth and resilient AI spending are prompting strategists at UBS and CIBC to raise their S&P 500 targets.
Yesterday, the U.S. Department of Commerce injected massive momentum into the quantum computing sector, announcing over $2.0 billion in federal incentives under the CHIPS and Science Act across nine quantum computing companies. D-Wave (QBTS) secured a $100 million letter of intent to accelerate domestic system fabrication, granting the federal government an equity stake. The stock surged immediately on the news, reflecting renewed investor confidence in sovereign backing for quantum infrastructu
(Bloomberg) -- A neglected part of downtown Chicago is perking up as Alphabet Inc. redevelops a 1980s-vintage building designed to house legions of state government workers. Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Permanent Hormuz Toll SystemModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSt
(Bloomberg) -- After several years flying high as Asia’s best Nvidia Corp. proxy, Taiwan Semiconductor Manufacturing Co. is increasingly vying with other artificial intelligence stocks for investor attention.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Permanent Hormuz Toll SystemModi’s Toffee Gift to Meloni Ign
Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to improve performance around construction zones and flooded roadways. The suspension comes as Waymo, which has been growing its robotaxi operation slowly and steadily for years in the U.S., has quickened the pace of expansion, as others, including Tesla and Amazon's Zoox, step up their push in the sector. "We have temporarily paused freeway operations, as we work to integrate recent technical learnings into our software and expect to resume these routes soon," a Waymo spokesperson said in an email.
May 21 (Reuters) - Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to
The companies reached a settlement with a Kentucky school district to avoid a coming trial over accusations that they intentionally designed their platforms to addict young people.
Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down SpaceX's (SPAX.PVT) finances ahead of its upcoming initial public offering (IPO).
Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court in Oakland, California.
Arqit Quantum (NASDAQ:ARQQ) reported higher first-half fiscal 2026 revenue and said it is seeing increased commercial activity as governments, telecom operators and defense-related customers evaluate post-quantum cybersecurity needs. Chief Executive Officer Andy Leaver told investors that the marke
(Bloomberg) -- The S&P 500 Index has had a fitful 2026 as it aims for a fourth-straight year of double-digit percentage gains, something it hasn’t done since the 1990s, while contending with risks from the war in Iran and rising inflation. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksGoldman CEO Slides Into Musk’s DMs During Bid to
Anthropic is in talks to rent servers powered by Microsoft-designed chips to meet rising demand for its AI services, The Information reported on Thursday, in what would be a major boost for the tech giant's in-house chip efforts. The Claude creator's talks to rent the chips are still early and may not lead to an agreement, the report said, citing two people who spoke to executives involved in the discussions. Microsoft and Anthropic did not immediately respond to Reuters requests for comment.
The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in the oil markets that has clouded the economic growth outlook. Nvidia rounded out the results from the so-called Magnificent Seven that includes Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms and Tesla. Revenue growth at the Magnificent Seven remains highly uneven, with Nvidia's blistering pace helping maintain its dominant lead.
(Bloomberg) -- The new artificial intelligence enterprise services firm backed by Blackstone Inc., Anthropic PBC and Hellman & Friedman has picked a San Francisco firm called Fractional AI as the operational centerpiece of the as-yet unnamed venture. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI I