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Bloomberg91d agoneutral
DeepSeek Founder Avows AGI Goal Ahead of $10 Billion Funding

(Bloomberg) -- DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Perm

Samsung Chip Workers Face Colleagues’ Resentment Over Bonus Deal
Bloomberg91d agoneutral
Samsung Chip Workers Face Colleagues’ Resentment Over Bonus Deal

(Bloomberg) -- Samsung Electronics Co. staved off a potentially catastrophic strike this week, reaching a tentative deal with leaders of its largest union at the last minute to share more profits from the AI boom. But inside the $1.1 trillion technology behemoth, not everyone is happy.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Tal

Morgan Stanley resets Spotify stock price target
TheStreet91d agoneutral
Morgan Stanley resets Spotify stock price target

Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm's note, titled "Investor Day Preview: Don't Stop Believing," argues that Spotify has earned significantly more credibility with ...

Dan Ives Called IBM 'Sleeping Giant'—Now Trump's $1 Billion Quantum Bet Is Proving Him Right
Benzinga91d agoneutral
Dan Ives Called IBM 'Sleeping Giant'—Now Trump's $1 Billion Quantum Bet Is Proving Him Right

A new company backed by International Business Machines Corp. (NYSE:IBM) is receiving a $1 billion U.S. government investment to establish America’s first quantum foundry, supporting Wall Street forecasts that IBM will be a central player in the global quantum industry. Validating The ‘Massive Upside’ This historic federal backing confirms Wedbush Securities analyst Dan Ives‘ thesis. Analyzing the tech sector’s trajectory, Ives told CNBC that IBM is a “sleeping giant” and praised its strategic d

UBS Global Wealth Management lifts S&P 500 target on strong consumer spending, AI demand
Reuters91d agoneutral
UBS Global Wealth Management lifts S&P 500 target on strong consumer spending, AI demand

UBS Global Wealth ‌Management raised its ‌2026 year-end target for ​the S&P 500 to 7,900 from 7,500 previously, citing ‌resilient ⁠consumer spending and seemingly insatiable ⁠demand for data center infrastructure. In ​a note ​dated ​May 21, ‌the brokerage said U.S. stocks have hit new highs despite ongoing uncertainty ‌over Middle ​East energy ​flows, ​driven by ‌hopes of an ​end ​to the conflict, strong first-quarter ​earnings, ‌and AI momentum. (Reporting ​by Akriti Shah ​in Bengaluru)

Peace Signs — Heard on the Street Thursday Recap
The Wall Street Journal91d agoneutral
Peace Signs — Heard on the Street Thursday Recap

Nvidia closed 1.8% lower. Nvidia’s stock is up 67% over the past 12 months, making it the largest publicly listed company in the world, with a market value of nearly $5.4 trillion. The music-streaming company said it plans to roll out an AI tool allowing users to make covers and remixes of songs from Universal Music Group artists.

Tesla Investors Beware? SpaceX IPO Could Pull Cash, Attention And Musk Away From EV Giant
Benzinga92d agoneutral
Tesla Investors Beware? SpaceX IPO Could Pull Cash, Attention And Musk Away From EV Giant

Elon Musk-led commercial spaceflight giant SpaceX‘s IPO could become a problem for Tesla Inc. (NASDAQ:TSLA) investors and shareholders as the market readies itself for the June IPO date. Muskonomy The upcoming IPO could take investors’ appetite away from Tesla and onto SpaceX, while also shifting Musk’s efforts and focus from the EV giant, experts cited by Bloomberg on Thursday said. “This cannot be a positive for Tesla,” Joe Gilbert, a portfolio manager at Integrity Asset Management, cited in t

Investors Look Beyond TSMC as AI Boom Spreads to New Winners
Bloomberg92d agoneutral
Investors Look Beyond TSMC as AI Boom Spreads to New Winners

(Bloomberg) -- After several years flying high as Asia’s best Nvidia Corp. proxy, Taiwan Semiconductor Manufacturing Co. is increasingly vying with other artificial intelligence stocks for investor attention.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Permanent Hormuz Toll SystemModi’s Toffee Gift to Meloni Ign

Wall Street rises as pressure eases from the bond market
Associated Press92d agoneutral
Wall Street rises as pressure eases from the bond market

The U.S. stock market is rising toward the finish of an eighth straight winning week on Friday, which would be its longest such streak since 2023. Ross Stores climbed 7.7% after the off-price retailer reported profit and revenue for the latest quarter that easily cleared analysts’ expectations. CEO Jim Conroy said it saw strong customer traffic through the three months, and the company may have benefited from households spending their tax refunds.

Europe's AI stocks shine through gloom of Iran war
Reuters92d agoneutral
Europe's AI stocks shine through gloom of Iran war

By Dhara Ranasinghe LONDON, May 22 (Reuters) - A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets as the energy shock triggered by

Europe's AI stocks shine through gloom of Iran war
Reuters92d agoneutral
Europe's AI stocks shine through gloom of Iran war

A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets as the energy shock triggered by the Iran war dampens ‌economic growth. The war has paused "Make Europe Great Again" trades, with the region's shares expected to underperform U.S. peers as ‌long as it persists. "The performance of our EU AI baskets since April is on par with the Nasdaq, just a touch behind Taiwan," said TS Lombard European and global macro director Davide Oneglia, referring to the U.S. index and Taiwan's bourse.