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Apple answers Wall Street’s biggest AI concern
TheStreet71d agoneutral
Apple answers Wall Street’s biggest AI concern

Apple is trying to reset the conversation around its place in the artificial intelligence race. The iPhone maker on June 8 unveiled the next generation of Apple Intelligence, including a new and more powerful Siri AI, deeper AI features across its devices, expanded parental controls, and software ...

Bank of America resets Sandisk stock price target
TheStreet71d agoneutral
Bank of America resets Sandisk stock price target

Sandisk has already delivered one of the most extraordinary stock rallies in the technology sector this year, up more than 550% in 2026 before last week's pullback. The memory company fell more than 15% over two sessions as the broader AI trade sold off on Broadcom earnings and profit-taking. Bank ...

Morgan Stanley sets first-ever Cerebras stock price target
TheStreet71d agoneutral
Morgan Stanley sets first-ever Cerebras stock price target

For weeks after Cerebras Systems (CBRS) went public on May 14, Wall Street analysts largely stayed silent. That changed this week, which started June 7, when the post-IPO quiet period ended, unleashing a wave of coverage from several brokerages, including Morgan Stanley, which issued its first-ever ...

World Cup Season Spurs Citi’s Bearish Call on Rates Volatility
Bloomberg71d agoneutral
World Cup Season Spurs Citi’s Bearish Call on Rates Volatility

(Bloomberg) -- Traders may have another reason to worry less about bond volatility spiking this summer: the FIFA World Cup.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeChip Stocks Rally in AI Trade Revival After Plunge: Markets WrapCitigroup Inc. says market swings in

US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units
Reuters71d agoneutral
US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units

A bipartisan pair of U.S. senators on Monday urged President Donald Trump's administration to tighten ‌rules on chip contract manufacturers such as Taiwan Semiconductor Manufacturing Co to ‌prevent them from making advanced AI chips for overseas subsidiaries of Chinese companies. This comes after ​the Trump administration last week moved to halt a potential loophole that may have led companies to export advanced chips such as those made by Nvidia to subsidiaries of Chinese companies located outside China. The Bureau of ⁠Industry and Security (BIS), the arm of the U.S. Commerce Department that oversees export control laws, has clarified that sales to Chinese company subsidiaries in third countries such ​as Malaysia ​require a license.

Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports
Reuters71d agoneutral
Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports

AI firm Perplexity is planning to go public in 2028 regardless ‌of how the market receives the listings ‌of Anthropic and OpenAI, CNBC reported on Monday, citing an interview ​with CEO Aravind Srinivas. • "Agnostic of these two companies, we were planning for something in 2028, so that still remains the case," Srinivas told CNBC ‌in an interview. • ⁠OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic's filing ⁠last week.

Roundhill CEO spots major shift for Micron stock
TheStreet71d agoneutral
Roundhill CEO spots major shift for Micron stock

Micron Technology (MU) stock spent years being labeled a cyclical player by Wall Street, but that might be changing. In a recent Fox News segment, Roundhill Investments CEO Dave Mazza argued that investors are now viewing memory-chip companies a lot differently due to AI. Memory has ...

Coca-Cola revives a classic Sprite favorite at one chain
TheStreet71d agoneutral
Coca-Cola revives a classic Sprite favorite at one chain

If Baskin-Robbins brought back its York Peppermint Patty flavor at one store in Utah, I'd heavily consider getting on the next plane. When you like something and it goes away, the product's return becomes a major event. Bringing back a nostalgic food or beverage brand triggers "Nostalgic Brand ...

Oracle suffers its roughest session in months ahead of earnings
TheStreet71d agoneutral
Oracle suffers its roughest session in months ahead of earnings

Oracle (ORCL) stock just had the kind of day that spooks shareholders. Shares of the database and cloud giant tumbled about 9.6% on Friday, June 5, closing at $213.68 after opening near $229. That marked Oracle’s steepest single-day drop in months and one of the worst showings among large-cap ...

Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology
Reuters71d agoneutral
Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology

SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for ‌its blockbuster IPO this week. The billionaire said that much of the required technology already ‌exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some ​magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company.

University Endowments Are About to Strike It Big on the SpaceX IPO
The Wall Street Journal71d agoneutral
University Endowments Are About to Strike It Big on the SpaceX IPO

SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments. Many schools’ investments in SpaceX make up a low-single-digits percentage of their endowments. A handful of schools have outsize positions that make up a tenth or more of their endowments, unusual scenarios for institutions that typically aim to have well-diversified investment portfolios.

Wall Street Is Rushing to Fund the AI Bonanza in Every Conceivable Way
The Wall Street Journal71d agoneutral
Wall Street Is Rushing to Fund the AI Bonanza in Every Conceivable Way

Such is life on Wall Street at the dawn of the artificial-intelligence build-out. Tech companies are hungry for cash to invest in data centers, and investors are forking it over through all possible means, in all parts of the globe—a flurry of fundraising that has mostly supported markets by powering technological advances, even as it tests their ability to absorb it all. Alphabet’s announcement that it would raise $85 billion of equity was just the latest example.

Bloomberg71d agoneutral
Elon Musk Shows Detailed Design of AI Data Center Satellite

(Bloomberg) -- Elon Musk unveiled a more detailed look at an initial version of an AI data center satellite SpaceX plans to build, providing fresh insight into the ambitious project driving the company’s highly anticipated initial public offering.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalTrump’s $100,000 H-1B Visa Applicatio

Morgan Stanley Sees LNG Upside Risks as Asian Demand Picks Up
Bloomberg71d agoneutral
Morgan Stanley Sees LNG Upside Risks as Asian Demand Picks Up

(Bloomberg) -- Liquefied natural gas prices are set to climb to levels not seen in more than three years as hotter weather in Asia and restocking needs in Europe boost demand, according to Morgan Stanley.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Ir

Walmart adds new service to compete with DoorDash, UberEats
TheStreet71d agoneutral
Walmart adds new service to compete with DoorDash, UberEats

Few companies have managed to weave themselves as deeply into the fabric of everyday life as Walmart. Need groceries? Walmart has them. A refill on your prescription? Walmart can take care of it. A new outfit for that upcoming event, supplies for that new family pet, or a restock on household ...

As consumers struggle, Costco sets a troubling record
TheStreet71d agoneutral
As consumers struggle, Costco sets a troubling record

Setting a record sounds like a positive, but not every record counts as an accomplishment. You don't want to be the person who sets the record for surviving the most snake bites, although that's better than coming in second and dying after the record-breaker. In addition, you can set a record for ...

S&P 500, Nasdaq end up as chipmakers rebound
Reuters Videos71d agoneutralVIDEO
S&P 500, Nasdaq end up as chipmakers rebound

<body><p>STORY: U.S. stocks ended mostly higher Monday boosted by shares of chip companies.</p><p>While the Dow fell slightly, the S&P 500 added three tenths of one percent and the Nasdaq climbed about nine tenths.</p><p>:: Intel</p><p>Intel shares jumped 11% after news website The Information reported that Alphabet's Google had placed an order to manufacture more than 3 million tensor processing units in 2028.</p><p>:: Marvell Technology</p><p>And shares of Marvell Tech rose 9.5% after S&P announced that the company would be added to the&nbsp;S&P 500 index later this month.</p><p>Also, Iran and Israel said they had halted attacks on each other.</p><p>This came after an appeal from U.S. President Donald Trump that they immediately "stop shooting."&nbsp;</p><p>The attacks over 24 hours were the most direct confrontation between Iran and Israel since an April ceasefire in the war.</p><p>Justin Livengood, senior portfolio manager with Invesco, says he thinks regardless of when there is an end to the conflict in the Middle East, energy prices could stay higher, which could lead the Federal Reserve to raise interest rates.</p><p>“Inflation's been drifting up in general the last six to nine months, not just for oil prices but even for core elements. And that's a concern. I think that concern persists as oil and natural gas prices linger higher. And the longer that persists, the more likely we are to have a Fed feel they need to raise rates late this year. I certainly feel that right now the base case for the Fed is a hike, not a cut, as their next move. And I think with each week and month that this Middle East conflict continues. The odds of that hike get pulled forward.”&nbsp;</p><p>:: Apple</p><p>Other stocks on the move included Apple which dropped almost 2% after announcing a Siri revamp at its annual Worldwide Developers Conference.</p><p>:: AWS</p><p>And shares of Corning gained 5.5% after Amazon announced a multi-year multi-billion-dollar deal to buy the company's optical fiber and cables for its data centers.&nbsp;</p></body>