News

SpaceX said on Friday ‌it has entered ‌into a multi-year cloud service ​agreement with Alphabet's Google for access to compute capacity. As part ‌of ⁠the deal, Google will pay SpaceX $920 ⁠million per month from October this ​year to ​June ​2029, with capacity ‌ramping up through September at a reduced fee, Elon Musk's space venture said in ‌a U.S. ​SEC filing. The ​compute ​capacity provided ‌includes about 110,000 Nvidia ​GPUS, ​CPUS, memory and other related components.

Investing.com -- Meta Platforms (NASDAQ:META) shares fell 7% on Friday after the Financial Times reported the company is considering a major equity raise to fund its artificial intelligence infrastructure.

U.S. President Donald Trump on Friday told reporters that ‌his team is looking into the ‌idea of AI companies giving the American public a ​stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week. "There's ‌something very interesting ⁠about it, where it almost becomes a partnership with the American ⁠public," he told reporters.

Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.

Meta is considering raising tens of billions of dollars in a stock offering as it ‌seeks new sources of capital to fund the company's AI ‌ambitions, the Financial Times reported on Friday. The report comes after Alphabet moved to ​raise $84.75 billion in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI. Meta executives have been exploring "creative" ways to raise cash as it prepares ‌to sharply boost its ⁠AI-related expenses, the FT report said, citing three people familiar with the plans.

Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund Mark Zuckerberg’s vast...

As markets (^DJI, ^IXIC, ^GSPC) prepare for the public launch of SpaceX (SPAX.PVT) on June 12, should investors be skeptical of these mega-IPOs expected to sweep Wall Street? 9i Capital Group founder and CEO Kevin Thompson cites the circular investing occurring between Big Tech names and these pre-IPO companies — SpaceX, OpenAI (OPAI.PVT), Anthropic (ANTH.PVT). OpenAI and Anthropic have also filed to go public in 2026.

(Bloomberg) -- OpenAI would likely have unraveled if Sam Altman hadn’t returned as chief executive officer following his brief ouster in 2023, former tech chief Mira Murati said, offering her clearest account yet of one of Silicon Valley’s most dramatic boardroom battles.Most Read from BloombergBecerra Advances in California’s $300 Million Governor RaceSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every Cylinder‘Sell Indonesia’ Sweeps Trading Desk

(Bloomberg Markets) -- The stock market keeps setting records. Bitcoin has minted millionaires. Gold has peaked at new levels. Yet one of the most popular trades is to sit in cash or, more precisely, money-market funds. These plain‑vanilla vehicles, which invest in short‑term debt, have become the default parking spot for everyone from retail savers to corporate treasurers.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every

(Bloomberg) -- Anthropic PBC called for the creation of an industrywide mechanism to pause the development of artificial intelligence, giving society the opportunity to “deal with its immense implications.” Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake Sale‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripRepublican-Led House Votes to Stop Iran Wa

The iPhone maker has clear advantages to lead in consumer AI, but only if it can finally modernize Siri.

Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. The May jobs report is on tap before Friday's open. The stock market saw the Dow Jones jump to a record high, aided by lower oil prices and Treasury yields.

Some Polymarket users are betting SpaceX's market cap exceeds $4 trillion by the close of its first trading day, valuing the startup higher than Microsoft.

Broadcom held the line on its AI guidance for its upcoming third quarter on Wednesday night, but the stock still fell 15% on Thursday morning. That counterintuitive outcome sits at the center of KeyBanc Capital Markets analyst John Vinh’s reaction on CNBC’s Squawk Box, where he defended his Overweight rating on Broadcom (NASDAQ:AVGO) while reiterating ... Wall Street Analyst: Broadcom’s Flat AI Guidance Justified the Selloff, but Nvidia Remains Best-in-Class Chip Play

(Bloomberg) -- A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than

Anthropic is joining in on the IPO fray to win tens of billions in capital and likely a valuation in the trillions. This IPO could significantly benefit Amazon (NASDAQ:AMZN), Salesforce (NYSE:CRM), and Alphabet (NASDAQ:GOOG). Before we look into how, let’s take a look at the IPO first. Anthropic’s decision for an IPO comes after SpaceX’s decision to ... 3 Stocks Poised to Make Billions from the Anthropic IPO

Investors have multiple ways to get indirect exposure to SpaceX, even before the IPO.

Warren Buffett spent decades telling investors he did not understand technology well enough to own it. Then he bought Apple. Then he tripled down on a search giant that has spent the past two years convincing Wall Street that AI makes it stronger, not weaker. On June 1, Berkshire Hathaway made that ...

By David Shepardson WASHINGTON, June 3 (Reuters) - The Federal Communications Commission said on Wednesday it plans to toughen oversight of submarine communications cables that handle ‌99% of

The semiconductor and software maker says semiconductor revenue from AI more than doubled to $10.8 billion in the quarter, boosted by increasing demand for custom AI accelerators and AI networking, Chief Executive Hock Tan said.

Broadcom ‌forecast third-quarter revenue above Wall Street expectations on ‌Wednesday, betting on robust demand for its custom AI chips ​and networking gear. However, shares of the Palo Alto, California-based company fell more than 2% in extended trading. They had gained nearly 8% last week in the run ‌up to earnings.

Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the ‌extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has ​been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll ‌out 35,000 robotaxis using Lucid's Gravity ⁠SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.

There is a certain type of investment opportunity that looks terrible on the surface, and that is precisely the point. True value is almost always hidden behind a wall of intense market pessimism.

The traditional book-building process exists so Wall Street can tell you what your company is worth, but Elon would rather not know

Tesla said on Wednesday it was rolling out its unsupervised robotaxis ‌in the Austin Metro area in Texas, ‌as the electric-vehicle maker looks to speed up its autonomous ​ride-hailing operation. Expanding the robotaxi service and wider adoption of its full self-driving software - a version of which underpins the technology - is key to Tesla's growth ‌strategy after CEO ⁠Elon Musk pivoted the company's focus from EVs to AI and robotics. The service ​has been operating ​in Austin for nearly ‌a year, where customers sometimes experience wait times in excess of 30 minutes.

Broadcom shares sank in pre-market following the chipmaker's quarterly results.

Broadcom shares edged higher ahead of the company's earnings on Wednesday.

All three major US stock indexes were down late-morning Wednesday, as oil prices and US Treasury yie

Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign ‌of strong investor appetite for big tech companies as ‌they expand their AI infrastructure and computing power. On Monday, the Google parent ​said it would raise $80 billion, as big tech companies compete to out-build each other with AI data centers to get ahead in what executives see as a once-in-a-generation AI race. In a ‌filing dated June ⁠2, Alphabet said it now aimed to raise $18 billion through the sale of Class A and ⁠C shares and $16.75 billion from depositary shares.

Goldman Sachs stands to benefit from a big IPO push, so it's not shocking that its CEO is upbeat about investor demand for now.