Yahoo Finance16d agoneutral
AMD stock rises on price target bumps, Microsoft dealAMD stock rose more than 3% on Monday.
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The Wall Street Journal16d agoneutral
BlackRock Leads $12 Billion Financing for New Meta Data Centers in TexasBlackRock is leading a debt sale targeting at least $12 billion for its massive new El Paso data-center project backed by Meta Platforms people familiar with the matter said. The world’s largest investment firm, along with its infrastructure and private-credit arms, owns an 80% stake in the Texas data-center project, while Meta Platforms, which will use the data centers, owns the other 20%. BlackRock has been plowing tens of billions of dollars into data-center investments over the past year, including a $40 billion deal to buy Aligned Data Centers.
Reuters Videos16d agoneutralVIDEO
Meta faces Tennessee trial over Instagram allegations<body><p>STORY: Tennessee state claims Instagram's design is to blame for a youth mental-health crisis.</p><p>Meta Platforms goes to court on Monday – one of several trials in the coming weeks...</p><p>testing allegations that the company's social media platforms were intentionally built to be addictive.</p><p>Tennessee accuses the company of violating the state's consumer protection law...</p><p>by knowingly designing a product that drives teens to compulsive use...</p><p>and misleading the public about its safety.</p><p>The lawsuit, filed by the attorney general's office, claims Meta failed to disclose extensive internal research..</p><p>showing Instagram could harm teens.</p><p>And that it continued offering features it knew were dangerous without warning users.</p><p>A Meta spokesperson said in a statement on Friday that the company already has built-in controls...</p><p>to protect the hundreds of thousands of Tennessee teens who use social media every day.</p><p>The company has argued the state's claims are based on the content posted on Instagram by its users...</p><p>and that a federal law shields the company from liability for third-party content.</p><p>The trial is slated to last for seven weeks.</p><p>It's scheduled to overlap with at least two other trials against the company in courts in California.</p><p>Meta faces thousands of lawsuits over similar claims in both state and federal court.</p><p>Nearly every state in the country has filed claims against Meta over its platforms’ alleged impact on children.</p></body>
Bloomberg16d agoneutral
Chinese AI Sensation Moonshot’s Gamble on Big Models Pays Off(Bloomberg) -- Crowds rushed to an obscure corner of China’s premier tech summit, moving past monumental booths from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to catch a glimpse of the hottest name in domestic AI.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17
Reuters16d agoneutral
Meta faces Tennessee trial over allegations Instagram was designed to be addictiveBy Diana Novak Jones July 20 (Reuters) - Meta Platforms faces trial in Tennessee on Monday over the state's claims that Instagram's design is to blame for a youth mental-health crisis, one of several
Reuters16d agoneutral
Meta faces Tennessee trial over allegations Instagram was designed to be addictiveBy Diana Novak Jones July 20 (Reuters) - Meta Platforms faces trial in Tennessee on Monday over the state's claims that Instagram's design is to blame for a youth mental-health crisis, one of several
Bloomberg16d agoneutral
Citi Says Magnificent Seven Tag Is Obsolete in AI Stock Winners(Bloomberg) -- The popular Magnificent Seven stocks moniker is “no longer relevant” in assessing how to play the US artificial intelligence trade, according to Citigroup Inc. strategists.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17FCC Near Rulings Against Disney Over
Bloomberg16d agoneutral
Bezos Backs AI Startup to Discover New Materials for Chipmaking(Bloomberg) -- Producing the world’s most in-demand semiconductors requires enormous amounts of energy and access to rare minerals. CuspAI, a two-year-old British startup, has raised nearly half a billion dollars on its bet that artificial intelligence can improve that process. Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC
Financial Times16d agoneutral
Morgan Stanley becomes Wall Street’s top bank for AI debt dealsMorgan Stanley has emerged as Wall Street’s chief architect of the financing structures underpinning the AI boom, devising new debt and equity...
Bloomberg17d agoneutral
Big Tech Needs to Justify AI Spending as Investors Dump Stocks(Bloomberg) -- After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz
Benzinga17d agoneutral
Marco Rubio Says President Lula 'Put His Ego Ahead of Making a Deal' as Trump Slaps Brazil With 25% TariffsThe Trump Administration announced a 25% tariff on most Brazilian imports late Wednesday, effective July 22. The U.S. has invoked Section 301 of the Trade Act of 1974, targeting certain Brazilian practices, which include directives to American tech giants like...
Financial Times19d agoneutral
Meta and Anthropic in talks for up to $10bn data centre dealMeta is in early talks to rent its computing power to Anthropic in what could be a multibillion-dollar deal, as the social media company plans...
Reuters19d agoneutral
Meta, Anthropic in talks for potential $10 billion compute lease deal, NYT reportsMeta Platforms is in talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years, the New York Times reported on Friday, citing three people with knowledge of the discussions. Such a deal would help Meta diversify beyond its core advertising business by generating new revenue from its infrastructure investments and directly pitting it against CoreWeave and Nebius, as growing adoption of advanced tools drive up the need for computing capacity. Anthropic had proposed the deal in June and Meta is considering it, the report said.
24/7 Wall St.19d agoneutral
Netflix Sinks 11% on Soft Q3 Guidance as Analysts Warn It’s “Losing Narrative Control”Analysts say Netflix is losing control of its own story, and a single line buried in Friday's earnings report about future disclosures is making Wall Street more nervous than the guidance miss itself.
Bloomberg19d agoneutral
Hyperscalers Are Dragging Down Bond Gauges Across Global Markets(Bloomberg) -- The bonds sold by hyperscalers to fuel their artificial intelligence ambitions have become a drag on investor portfolios from London to Tokyo.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthNasdaq Futures Tumble 1.5% as Chip Rout Deepens: Markets WrapUS Cyclospora Outbreak Tied to Taco Bell Lettuce From MexicoFrom fa
The Wall Street Journal19d agoneutral
Meta Plans to Hire Top Amazon Computing Executive as it Weighs Cloud PushDave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to the social-media giant.
Bloomberg19d agoneutral
Xi Vows to Make AI for All in Debut at China’s Top Tech Summit(Bloomberg) -- President Xi Jinping hailed China’s progress in developing low-cost artificial intelligence, pressing his personal imprint on the country’s rapidly expanding global influence to call for a more open technological order.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsCIA Says AI Drones Give Russian Troops Only 30 Minu
Bloomberg19d agoneutral
DeepSeek Champions China’s Bid to Flood the World With Cheap AI(Bloomberg) -- On a video conference call from Hangzhou earlier this year, one of China’s hottest startups held a four-hour pitch meeting with potential venture investors that was unusual by almost any measure. Only two representatives per institution were allowed. The majority of those present were getting a glimpse of the company’s leader for the very first time.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Cat
The Wall Street Journal20d agoneutral
In Congo, Ebola Responders Fear WhatsApp Voice Notes Are Spreading Fake NewsRecordings sent over Meta’s messaging app are supercharging falsehoods, leading to attacks on Ebola treatment centers and assaults of health workers and volunteers.
Reuters20d agoneutral
Nvidia-backed startup Fireworks valued at $17.5 billion in latest fundingNvidia-backed AI infrastructure startup Fireworks said on Thursday it raised $1.51 billion at a $17.5 billion valuation to expand its engineering team and global compute capacity. The Series D funding round was led by investment firms Atreides Management, Index Ventures and TCV. Participants included existing investors like Nvidia and Lightspeed Venture Partners.
The Wall Street Journal20d agoneutral
Which Stocks Are Hurting the Most?The Nasdaq composite is down more than 1% this morning. Here are the stocks on the index that are getting hit hard: 💾 Chips, memory makers: Sandisk, Micron, AMD, SK Hynix's ADRs, Intel, Western Digital, Seagate, Arm, Broadcom, Nvidia and Marvell are all deep in the red.
24/7 Wall St.20d agoneutral
Here Are Thursday’s Top Wall Street Analyst Research Calls: Alphabet, BlackRock, Etsy, Flex, Lululemon Athletica, Meta Platforms, Okta, Palo Alto Networks, and MoreWall Street analysts are reshuffling their bets on Thursday, sending some of the market's biggest names in opposite directions as geopolitical tensions and inflation crosscurrents cloud the outlook. Find out which stocks got upgraded, downgraded, or newly covered today.
Barrons.com20d agoneutral
The Surprising Tech Rotation Boosting Stocks This Earnings SeasonU.S. stocks remain deep in the throes of a major rotation heading into the teeth of the second-quarter earnings season, and the traditional August lull that follows, as investors take money from highflying tech sector and spread that cash across a host of old-economy bets. What’s happening alongside that “great rotation,” however, is also interesting, and likely keeping stocks afloat amid the broader tech declines.
MarketWatch20d agoneutral
AI is so big, it’s now impossible for investors to avoidExposure to the artificial-intelligence boom has become virtually impossible for investors to avoid. The theme hasn’t just cornered the stock market. It has systematically swallowed up corporate credit and venture capital, too.
Yahoo Finance Video20d agoneutralVIDEO
SpaceX IPO & why oil could hit $150: Robinhood ExecRobinhood executives Stephanie Guild and Steve Quirk join Yahoo Finance Executive Editor Brian Sozzi to break down the unprecedented wave of upcoming AI and SpaceX IPOs, the risks of the "Magnificent Seven" market concentration, and why a looming $150 oil shock could test the stock market this summer.
TheStreet21d agoneutral
A look inside Meta’s Menlo Park headquartersStep onto Meta Platforms’ Menlo Park campus, and you might feel as though you’ve entered a virtual reality (VR) game. The expansive, 250-acre campus looks more like a utopian town than a corporate hub: one that’s filled with uniquely designed spaces, Instagrammable green spaces, and dozens of ...
Bloomberg21d agoneutral
Meta’s Sudden Stock Rebound Shows Investors Endorse AI Plans(Bloomberg) -- In the span of just two weeks, Meta Platforms Inc. has gone from a market afterthought to one of its hottest stocks, as investors finally like what Facebook’s parent is saying about its artificial intelligence plans.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeOpenAI’s First Device Will Be Movable, Screenless Speaker Buil
Yahoo Finance Video22d agoneutralVIDEO
Chinese AI model developer DeepSeek preps for IPO: What to knowChinese large language model (LLM) developer DeepSeek is reportedly preparing for an IPO later this year or in 2027. Yahoo Finance Technology Editor Dan Howley outlines what we know so far.