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$1.75 trillion That is the valuation being considered by SpaceX in its blockbuster initial public offering planned for next week. That number could change a lot in coming days, but if it holds it would make Elon Musk’s rocket maker the seventh-largest U.
(Bloomberg) -- Broadcom Inc.’s promise to backstop the largest portion of a record-setting microchip financing deal for Anthropic is keeping yields for the deal in check, according to people familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Trump to Get Audit Immunity as $1.8 Billion Fund in DoubtAndrew Left Found Guilty in Case That Spooked Short SellersAlphabet to Raise
The stock market hit new highs amid a win streak. AI and metals led while Google tested support. Palo Alto jumped late on earnings.
All three indexes have now closed at records five sessions in a row for the first time since February 2017.
Yahoo Finance Tech Editor Dan Howley comes on Market Domination to break down the day’s leading and trending tech stories, including President Trump's executive order to scale back review requirements for AI model developers when they submit them to the federal government for assessment.
Broadcom Faces High-Stakes Earnings Test. Oppenheimer Says AI Could Deliver Another Beat
Two years ago, Wall Street was asking whether AI would destroy Google Search. The question drove real anxiety among Alphabet investors and pushed some analysts to cut targets. The data Piper Sandler just published suggests that question may have been the wrong one entirely. The right question, it ...
Investing.com -- Goldman Sachs CEO David Solomon said Tuesday that there is sufficient capital available as major artificial intelligence companies prepare to enter public markets.
By Stephen Nellis SAN FRANCISCO, June 2 (Reuters) - Microsoft on Tuesday unveiled a new quantum computing chip that it redesigned with the help of AI, saying it now believes it will have commercially
Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund ambitious and growing artificial intelligence spending plans. Ted Mortonson, Managing Director: Technology at Baird, discusses this offering, the historic AI infrastructure buildout, and the companies powering the current tech cycle.
(Bloomberg) -- President Donald Trump signed a long-awaited executive order directing US agencies to work with artificial intelligence companies to protect networks from AI-enabled cyber attacks. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz
The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares. Apple, memory chipmakers Micron Technology, Samsung Electronics and SK Hynix led the gains, adding $598 billion, $512 billion, $481 billion and $377 billion, respectively, in market value. Their valuations rose to $4.58 trillion, $1.09 trillion, $1.10 trillion and $1.34 trillion, respectively.
Anthropic officially started its IPO clock yesterday, filing a confidential registration statement with the SEC.
In AI, money talks. The ability to tap stock market capital is important again, after a quarter of a century of being all but irrelevant.
June 2 (Reuters) - Wall Street's main indexes opened lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment from
Zoom (ZM) is actively shedding its reputation as a single-use utility. Following a robust Q1 FY27 earnings beat and a speculative surge tied to Anthropic's IPO plans, shares have rallied to $112. As the stock trades at a notable premium, investors must determine if Zoom's AI-driven enterprise pivot truly justifies this momentum.
The gargantuan funding requirements of developing artificial intelligence has already set records for the funding rounds in private markets. Now the list of largest-ever equity issues on the stock market is set to be rewritten too. The largest component of Alphabet’s proposed $80 billion equity issue—$40 billion, to be sold into the market—will be roughly on par with the size of Saudi oil giant Aramco’s 2019 initial public offering, adjusted for inflation.
It is a golden rule of finance that what goes out must, at some point, come in. That’s why AI’s biggest spenders are starting to seek new ways...
Shares in Alphabet are down premarket after the Google parent unveiled a giant equity issue plan that underscored the epic bill for the AI buildout. The stock is down 2.5% premarket, enough to wipe more than $100 billion off the company’s market value.
Investing.com -- Broadcom shares gained over 6% in premarket trading Tuesday after Alphabet unveiled plans to raise $80 billion in equity, a massive fundraise aimed at accelerating its AI infrastructure buildout.
June 2 (Reuters) - The S&P 500 and the Nasdaq 100 futures edged lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment
By Amanda Cooper LONDON, June 2 (Reuters) - Global stocks rallied on Tuesday, buoyed by fresh AI optimism after Anthropic moved towards a U.S. stock market listing, while oil prices and bond yields
The firm behind the Claude chatbot revealed on Monday it had filed paperwork for an expected 1.0 trillion US dollar IPO.
Hewlett Packard Enterprise shares rallied nearly 29% in premarket trade on Tuesday, as investors cheered the AI server maker pulling forward its long-term financial targets by two years, buoyed by strong AI infrastructure demand. HPE, which competes with Dell Technologies and Super Micro Computer in enterprise servers, is seeing sustained demand as large enterprises bring forward purchases to avoid supply risks amid surging memory chip prices. Hyperscalers including Alphabet and Amazon are set to spend more than $700 billion on AI infrastructure this year, likely boosting demand for HPE's server and networking products.
The company says it has reached an agreement to sell $10 billion of stock to Berkshire Hathaway as part of the plan.
It's been a busy few days for Berkshire Hathaway CEO Greg Abel, who took over for Warren Buffett Jan 1. On Sunday night Berkshire announced it would buy home builder Taylor Morrison Home Corp. for $6.
Alphabet said on Monday it aims to raise $80 billion in equity offerings, which will include an investment deal with Berkshire Hathaway. The Google parent has agreed to sell $10 billion worth of shares to Warren Buffett's Berkshire Hathaway in a private placement, comprising $5 billion in Class A common stock at $351.81 per share and $5 billion in Class C capital stock at for $348.20 per share. "The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company's available supply," Alphabet said.
Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting the company to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand for its servers and networking products. HPE, which competes with Dell and Super Micro Computer, is benefiting as customers increasingly buy server and data center equipment to power AI applications such as ChatGPT amid a memory chip crunch. U.S. tech giants including Alphabet and Amazon plan to spend over $700 billion on AI infrastructure this year, which would bolster demand for suppliers such as HPE.
Anthropic has taken its first formal step toward a public listing, confidentially submitting a draft S-1 registrati...
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