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Macroeconomic concerns just spurred a massive sell-off for Navitas stock.

Verizon trades at $44.98 and has moved in lockstep with the market. Its shares have returned 7.9% over the last six months while the S&P 500 has gained 10%.

Shares of the chip-making giants that have powered the market’s climb to records tumbled, weighed down by new concerns that trillions of dollars invested in AI technology won’t yield the expected blockbuster returns. The losses intensified after a robust jobs report raised new worries that the Federal Reserve may need to raise interest rates later this year to fight inflation. Stocks, bonds, oil, gold and bitcoin all tumbled.

Marvell Technology is set to join the benchmark S&P 500 later this month, S&P Dow Jones Indices said on ‌Friday, after the chipmaker cleared a key profitability hurdle riding an ‌AI-fueled rally. The company will replace swimming pool equipment distributor PoolCorp on the benchmark index before the ​start of trading on June 22. Marvell's shares have more than tripled so far this year, bolstered by a broader rally in ⁠chip stocks on hopes for robust AI-related demand.

Bloomberg's Bailey Lipschultz breaks down a busy week in SpaceX news, as the aerospace company prepares for an IPO. SpaceX and Google entered into an agreement for cloud services where Google has agreed to pay SpaceX $920 million per month for computing, something Lipschultz says is indicative of the expansion of the scope of work SpaceX is looking to do.

(Bloomberg) -- Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its AI infrastructure, marking the latest mega-deal in the artificial intelligence race.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says

Bitcoin fell below $60,000 on June 5 for the first time since October 2024, extending a sell-off that has erased all gains made since US President Donald Trump’s election victory. The decline followed Strategy’s first Bitcoin sale since 2022, continued outflows from US spot Bitcoin exchange-traded ...

(Bloomberg) -- The morning after Jamie Dimon offered Elon Musk an audience to talk up SpaceX, JPMorgan Chase & Co.’s new lead autos analyst completely changed the bank’s tune on Tesla Inc.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapWhat to Expect From Apple’s AI, Siri and iOS 27 Launch at WWDCSaylor’s Bitcoin Machine Is Misfiring on Eve

(Bloomberg) -- Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapWhat to Expect From Apple’s AI, Siri and iOS 27 Launch a

One haven from Friday's selloff: Kimberly-Clark, whose stock had been battered over the past year. The Kleenex maker jumped 6.3% Friday, helping consumer staples to become the S&P 500's best-performing sector.

What to expect from Fuel Cell Energy's earnings report. AI data centers drove huge gains for FCEL stock and its peers.

SpaceX on Friday disclosed a new multiyear cloud-service agreement with Google that will generate roughly $920 million per month starting in October.

Tesla (TSLA) CEO Elon Musk is just one week away from his next big venture: the IPO of his space company SpaceX (SPAX.PVT). This event will be enough to push Musk's net worth over the edge and make him the world's first trillionaire. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down Musk's net worth and some of the risks that Wall Street is floating around the IPO. SpaceX is slated to begin trading publicly on the Nasdaq next Friday, June 12, aiming for an IPO price of $135 per share.

The Dow Jones Industrial Average fell 695 points, or 1.4%. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market.

SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing.The deal resembles one struck with AI giant Anthropic, in which SpaceX leased compute capacity at its Colossus data centers in Memphis, Tennessee for $1.25 billion a month.

The new Paramount Games Studio will be helmed by Tony Driscoll as president. The studio will roll together Skydance’s existing gaming outfits, Skydance Interactive and Skydance New Media.

Google has agreed to rent data-center capacity from SpaceX, expanding the rocket company’s artificial-intelligence business ahead of its initial public offering. Google will pay SpaceX $920 million a month from October 2026 to June 2029 in a deal that includes the computing capacity of at least 110,000 Nvidia chips, according to a SpaceX securities filing on Friday. The deal will ramp up over summer, and Google has the right to cancel the agreement in October if SpaceX doesn’t provide the promised chips, SpaceX said.

Two words from the CEO of America's largest retailer carry a lot of weight. John Furner, who took over as Walmart's chief executive in February 2026, was speaking to reporters during the company's annual shareholder week in Bentonville, Arkansas. And what he said about the American consumer was ...

Perpetual futures have finally arrived in the U.S. Not everyone is thrilled.

One of the most important chipmakers on the planet could be squeezing its customers right now, as the AI shortage gives it every excuse. But its CEO said he won’t. Taiwan Semiconductor Manufacturing (CSMC) Chief Executive Officer, C.C. Wei, used the company’s annual shareholder meeting in Hsinchu, ...

Transcript:Caroline WoodsJoining me now is Sonali Basak, chief investment strategist at ICapital Sonali. Great to have you back. So good to have you. Sonali BasakYeah, it's good to be here. Thanks for having me today. Caroline WoodsWell happy Friday. The S&P 500 only about you know, it's down ...

US equity indexes plunged as a strong jobs report slashed the odds for interest rate cuts this year,

Meta stock fell more than 6% Friday following a report that it will sell new stock to raise cash for its AI buildout.

The fear of higher rates slowing the debt-fueled AI buildout is battering shares in firms across the data-center supply chain. Companies ranging from construction firms to fiber-optic cable manufacturers to cooling specialists are down: Contractor Sterling Infrastructure and fiber provider Corning slid more than 10%.

By Jody Godoy and Nathan Frandino June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters

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 -- Wall Street is set to cap off this week with a decline, as rate-sensitive technology stocks and chip names fall. We have also seen rising U.S. Treasury yields after a significantly stronger-than-expected May jobs report.

SpaceX begins investor marketing at $135 per share as Musk backers rally behind its long-term vision.

Super Micro Slides as Rising Yields Shake High-Growth Tech Stocks

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.