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Nvidia announces deals with South Korea's SK Hynix, Naver and Doosan for AI data centres
Reuters77d agoneutral
Nvidia announces deals with South Korea's SK Hynix, Naver and Doosan for AI data centres

Nvidia on Monday announced deals with South Korea's SK Hynix, Naver and Doosan Group to build ‌AI data centres and use the U.S. chip firm's technology, as it ‌looks to continue driving the AI boom. The agreements come during a high-profile trip by Nvidia CEO ​Jensen Huang to South Korea that began on Friday and has seen him have fried chicken with the country's top corporate bosses, throw a baseball pitch and meet with a well-known gamer so far. Nvidia and its partners did not disclose ‌the value of the deals.

South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology
Reuters77d agoneutral
South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology

Nvidia ‌said on ‌Monday that South ​Korean internet conglomerate Naver would use its ‌technology ⁠to build AI factories ⁠at gigawatt scale to ​meet ​rising ​global demand ‌for AI services and physical AI. The project is aimed at ‌serving ​growing ​global ​demand for ‌AI services and ​physical ​AI applications, Nvidia said. (Reporting ​by ‌Heekyong Yang; ​Editing by Jamie ​Freed)

Lululemon eyes key growth market and it's not the U.S.
TheStreet77d agoneutral
Lululemon eyes key growth market and it's not the U.S.

Over the past three decades, Lululemon has gone from a niche yoga-pants label to a mall anchor. For most of that run, U.S. sales drove the story. That's no longer the case. The brand that built its name on American fitness studios and suburban storefronts is now leaning hard on a market half a ...

Marvell leads chip wreck unseen since the pandemic
TheStreet77d agoneutral
Marvell leads chip wreck unseen since the pandemic

Three trading days earlier, Marvell Technology (MRVL) had the market in awe. Nvidia chief executive Jensen Huang had stood on a stage in Taipei and called the chip designer “the next trillion-dollar company.” Traders responded by handing the stock its biggest one-day gain ever. By Thursday’s close, ...

SpaceX IPO, Oracle earnings, May CPI: What to watch this week
Yahoo Finance Video77d agoneutralVIDEO
SpaceX IPO, Oracle earnings, May CPI: What to watch this week

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come throughout next week, including SpaceX's (SPAX.PVT) long-awaited mega-IPO, earnings from Adobe (ADBE) and Oracle (ORCL), and the latest inflation data in the form of May's Consumer Price Index (CPI) report.

Why Toy Story 5 matters more than most Disney sequels
TheStreet77d agoneutral
Why Toy Story 5 matters more than most Disney sequels

More than three decades after the original "Toy Story" debuted in 1995, Disney is preparing to release "Toy Story 5" exclusively in theaters on June 19, 2026. The film arrives seven years after "Toy Story 4" and at a pivotal moment for the movie industry, as studios continue searching for ways to ...

Citi quietly resets S&P 500 price target for the rest of 2026
TheStreet77d agoneutral
Citi quietly resets S&P 500 price target for the rest of 2026

Wall Street spent the bulk of 2026 figuring out whether the stock market has come too far, too fast. However, according to TheFly, Citi analysts are looking past the immediate damage as they revamp their S&P 500 target. They make the case that something far more durable may be taking shape, ...

Investing.com77d agoneutral
How durable is the impact of the World Cup on stocks?

Investing.com -- The 2026 FIFA World Cup, the largest in the tournament’s history with 48 teams, 104 matches and 16 host cities across the United States, Canada and Mexico, is expected to generate measurable but largely short-lived gains for a select group of U.S. companies, while media engagement may provide a more durable revenue opportunity than in-person attendance, according to analysts at Barclays.

Bloomberg77d agoneutral
Goldman Sachs No Longer Expects Fed Interest-Rate Cut This Year

(Bloomberg) -- Goldman Sachs Group Inc. economists no longer expect the Federal Reserve to cut interest rates this year due to a stronger-than-expected labor market.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryUK Deputy PM Says He Told Vance ‘You’re Wrong’ Over Nowak CaseUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireBecerra Advances for California Governor as Hilton Fight

Inflation Readings, Oracle Earnings, the SpaceX IPO, and More to Watch This Week
Barrons.com77d agoneutral
Inflation Readings, Oracle Earnings, the SpaceX IPO, and More to Watch This Week

The Bureau of Labor Statistics will release the consumer price index on Wednesday and the producer price index on Thursday. Both inflation measures are running at multi-year highs, and the core CPI hasn’t been at or below the Federal Reserve’s two percent target in more than five years. This week also brings perhaps the most anticipated initial public offering in history: SpaceX.

Nvidia’s $500 billion AI opportunity gets real
TheStreet77d agoneutral
Nvidia’s $500 billion AI opportunity gets real

Nvidia (NVDA) is a name most investors think about when analyzing the artificial intelligence boom. Nvidia's processors helped turn generative artificial intelligence from a software triumph into a big infrastructural race. Data centers, cloud platforms, and corporate AI systems have all looked to ...

DoorDash, Instacart face critical FTC fight over consumer fees
TheStreet77d agoneutral
DoorDash, Instacart face critical FTC fight over consumer fees

Ordering through platforms like DoorDash or Uber Eats costs nearly 80% more on average than picking up, a LendingTree study found. Service fees, delivery charges, and inflated menu prices all add up on the final bill, often without a clear explanation of where each dollar goes. The Federal Trade ...

Mark Zuckerberg and Meta face first tough test after layoffs
TheStreet77d agobearish
Mark Zuckerberg and Meta face first tough test after layoffs

Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most ...

Trump Says Fed Rate Increase Would Be Wrong Ahead of Warsh Debut
Bloomberg77d agoneutral
Trump Says Fed Rate Increase Would Be Wrong Ahead of Warsh Debut

(Bloomberg) -- President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his nominee Kevin Warsh prepares to chair his first Fed policy meeting.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30 Billion Computing Power Dea

Broadcom CEO drops unexpected message on AI and software
TheStreet77d agobearish
Broadcom CEO drops unexpected message on AI and software

There's a fear quietly spreading through enterprise software circles — that agentic AI is coming for the business model. Why pay for software licenses when AI can write, replace, or automate what that software does? It's a legitimate question. And 65-year-old Broadcom (AVGO) CEO Hock Tan just ...

Morgan Stanley resets CIEN stock target after earnings
TheStreet77d agoneutral
Morgan Stanley resets CIEN stock target after earnings

Ciena (CIEN) just delivered the kind of quarter most companies dream about. Revenue jumped 40%, profit nearly quadrupled, and management raised its full-year outlook. Wall Street liked what it saw. Analyst after analyst lifted price targets on the stock, some by hundreds of dollars. And then shares ...

1 Cash-Rich Industrial Titan Under $40 to Buy Hand Over Fist to Capitalize on the New Trump Tariff Supercycle
24/7 Wall St.77d agobullish
1 Cash-Rich Industrial Titan Under $40 to Buy Hand Over Fist to Capitalize on the New Trump Tariff Supercycle

President Trump’s second-term trade agenda has hardened into a structural policy regime, with U.S. steel imports sitting at their lowest levels since the global financial crisis. That backdrop has turned the under-$40 corner of the industrial market into one of the most asymmetric setups in the market, where a single multi-quarter pricing cycle can re-rate ... 1 Cash-Rich Industrial Titan Under $40 to Buy Hand Over Fist to Capitalize on the New Trump Tariff Supercycle

The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why
24/7 Wall St.77d agoneutral
The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why

Just days after the S&P 500 climbed to a fresh record high as artificial intelligence stocks extended their remarkable rally, investors got a reminder that markets rarely move in a straight line. Friday’s sell-off erased roughly $1.4 trillion in market value from S&P 500 companies and marked the benchmark index’s steepest one-day decline since October ... The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why

Citi has a message for Apple stock investors
TheStreet77d agoneutral
Citi has a message for Apple stock investors

Apple is heading into its most closely watched developer conference in years with a record quarter behind it and one of the highest-stakes AI announcements in its history in front of it. The stock has climbed 15% year to date, services revenue hit an all-time high of $31 billion in the March ...