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Broadcom extends Apple chip deal through 2031
TheStreet40d agoneutral
Broadcom extends Apple chip deal through 2031

Broadcom Inc. (AVGO) just extended its chip supply agreement with Apple through 2031, according to a regulatory filing reported by Bloomberg. This partnership is not a new development. Apple and Broadcom have a long-standing supply relationship and previously made headlines back in 2023 when Apple ...

Trump accounts’ Palantir sale hides a bigger AI shift
TheStreet40d agoneutral
Trump accounts’ Palantir sale hides a bigger AI shift

President Donald Trump’s investment accounts just put a familiar artificial intelligence trade next to a less obvious one. That doesn’t mean Trump himself did the trading. According to the source, external parties handled the accounts, and outside managers made the buying and selling choices. ...

Target's latest move could win over back-to-school shoppers
TheStreet40d agoneutral
Target's latest move could win over back-to-school shoppers

Back-to-school shopping isn't just about filling a backpack anymore. Parents want affordable basics. But they also want clothes and accessories their kids will actually be excited to wear. In 2025, families with students in elementary through high school were aiming to spend an average of ...

Tesla's new SUV could be its smartest profit play yet
TheStreet40d agoneutral
Tesla's new SUV could be its smartest profit play yet

Tesla (TSLA) has introduced the stretched Model Y L electric SUV in the U.S., effectively expanding its most successful EV into another segment. It can cost billions to develop an all-new car from scratch. Rather than go that route, Tesla has stretched the Model Y platform to target the popular ...

Bloomberg40d agoneutral
GM-Backed Momenta Rises in HK Debut After $752 Million IPO

(Bloomberg) -- Momenta Global Ltd., a Chinese autonomous-driving firm, opened 1.8% higher in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbo

Intel (INTC) Backer Syntiant Files For IPO In Edge AI Chips
Simply Wall St.40d agoneutral
Intel (INTC) Backer Syntiant Files For IPO In Edge AI Chips

Syntiant Corp, backed by Intel Capital, has filed for a U.S. IPO. The company focuses on semiconductor and AI software solutions for low power processing. Syntiant recently expanded by acquiring Knowles Corp's consumer MEMS microphone business. The development highlights Intel's involvement in edge AI computing and related hardware. For investors tracking Intel and NasdaqGS:INTC, Syntiant's IPO filing adds another reference point for how large chip companies participate in AI through...

Goldman Sachs sends a bearish message on a rising metal
TheStreet40d agoneutral
Goldman Sachs sends a bearish message on a rising metal

War trades follow a script. A supply shock hits, prices go vertical, and money that never cared about the underlying market suddenly cares about nothing else. The entry is the easy part. The hard part is knowing when the story that made you money stops being true. For three months, one industrial ...

Bloomberg40d agoneutral
Samsung Mass Produces Storage Drives for Nvidia’s Vera Rubin

(Bloomberg) -- Samsung Electronics Co. has begun mass production of its most advanced data center storage drive, which is set for use inside Nvidia Corp.’s upcoming Vera Rubin platform. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to

Goldman Sachs resets AMD stock price target for the rest of 2026
TheStreet40d agoneutral
Goldman Sachs resets AMD stock price target for the rest of 2026

I covered Wells Fargo's AMD upgrade at the start of July, making a specific case that the server CPU story was being underappreciated relative to the GPU narrative. On July 5, 57-year-old Goldman Sachs also made the same argument louder and with a bigger number. Goldman Sachs analyst James ...

Amazon's $25 Billion Bond Sale Weighs On Hyperscaler Bonds
The Wall Street Journal40d agoneutral
Amazon's $25 Billion Bond Sale Weighs On Hyperscaler Bonds

The flood of new bonds to fund the artificial-intelligence build-out seems to finally be getting a little bit much for investors. The extra yield, or spread, investors demand to hold bonds backed by AI hyperscalers moved broadly higher on Tuesday as Amazon issued $25 billion of bonds, returning to the U.S. debt market just four months after it completed a $37 billion bond sale. The spread on Amazon’s 5.8% notes due in 2036 jumped to 0.7 percentage point from 0.63 percentage point on Monday, according to MarketAxess.

Another AI power darling just hit a 52-week low
TheStreet40d agoneutral
Another AI power darling just hit a 52-week low

The AI power trade had plenty of winners over the past two years, and Constellation Energy was one of the biggest. However, that changed this month. On July 1, 2026, Constellation Energy (CEG) fell nearly 5% to a fresh 52-week low of $228.63. That is the stock's steepest single-day drop ...

Investing.com40d agoneutral
Wolfspeed sues Navitas over GaN and SiC patents

Investing.com -- Wolfspeed Inc (NYSE:WOLF) announced after Tuesday's market close that it had filed a patent infringement lawsuit against rival Navitas Semiconductor, targeting what it described as its "foundational" gallium nitride (GaN) and silicon carbide (SiC) intellectual property portfolio. The legal announcement came after trading had ended for the session.

Samsung Fails to Impress—Heard on the Street Recap
The Wall Street Journal40d agoneutral
Samsung Fails to Impress—Heard on the Street Recap

Samsung's earnings preview fell short of expectations. In an update on second-quarter results, the South Korean company projected record operating profit. But the forecast also offered a provision for the cost of coming special bonuses for employees.

CoreWeave stock sinks as mag 7 move rattles investors
TheStreet40d agoneutral
CoreWeave stock sinks as mag 7 move rattles investors

Shares of CoreWeave took a hard hit after news broke that Meta Platforms is building a cloud business to sell spare AI computing power. The tech stock fell sharply over two trading sessions last week, and is currently valued at a market cap of $64.4 billion. Notably, Meta (META) is one of ...

Bulls vs. Bears on SpaceX
The Wall Street Journal40d agoneutral
Bulls vs. Bears on SpaceX

Bull case 🐂 JPMorgan analysts led by Doug Anmuth “SpaceX’s ambitions—and potential impact on humanity—are bigger than any company’s we’ve ever seen.” Bear case 🐻 MoffettNathanson analysts led by Julie Zhu “There is simply no credible financial model that can support what is at the time of this writing a roughly $2 trillion valuation.

Kura Sushi (KRUS) Q3 Earnings Top Estimates
Zacks40d agoneutral
Kura Sushi (KRUS) Q3 Earnings Top Estimates

Kura Sushi (KRUS) delivered earnings and revenue surprises of +160.00% and -0.40%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?

SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports
Reuters40d agoneutral
SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports

SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, The ‌Information reported, citing a memo sent to staff. Cursor declined to comment when contacted by ⁠Reuters, while SpaceXAI did not immediately respond to a request for comment. Elon Musk's SpaceX said in June ​it ​would buy Anysphere, the startup behind ​popular AI coding agent ‌Cursor, in an all-stock deal worth $60 billion to boost its presence in the lucrative enterprise AI tools market.