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Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers.
HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank's artificial intelligence capabilities. The tie-up marks the latest step in HSBC CEO Georges Elhedery's drive to embrace the revenue-generating and cost-savings power of AI which can process vast amounts of data, automating tasks previously done by people. The partnership, which HSBC said will focus on areas such as advice for wealth management clients and financial crime risk management, shows how banks worldwide are accelerating their adoption of AI as they compete in a technology arms race with each other.
Both Nvidia and Alphabet have big chip opportunities ahead.
The world's richest man keeps getting richer, as investors clamor for a piece of the action.
The Dow Jones hit a new high and SpaceX kept rising. But chips and most AI stocks fell. Fed chief Kevin Warsh's comments will be in focus Wednesday.
Tesla says the proposed rules are overly strict and would effectively block its autonomous technology from operating in the state.
Snap's Chief Executive Evan Spiegel jabbed at rival Meta and explained why he thinks smart glasses represent the "next major leap in computing" at a conference in Long Beach.
Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google misled advertisers that place ads on their websites, Reuters reported last year.
Yahoo Finance Markets & Data Editor Jared Blikre tracks SpaceX's (SPCX) historic rise following its IPO debut on Friday. The aerospace giant has been on a meteoric run, jumping to become the fourth-largest company in the world by market capitalization as investors pile into one of the market's most closely watched new listings.
Databricks says AI demand and customer switches helped its warehousing business more than double over the past year.
Apple Inc. (NASDAQ:AAPL) shares have declined following important AI-related announcements at the WWDC 2026 conference. The falling investor sentiment comes as the company was not able to meet AI advancement expectations. However, the Street sees the conference as a meaningful step for Apple. Apple Inc. (NASDAQ:AAPL) is also one of our Top Stocks to Buy […]
Alphabet Inc. (NASDAQ:GOOGL) is one of the Top Stocks to Buy and Hold for the Long Term. On June 11, Reuters reported that Google is reportedly in discussions with Samsung Electronics to manufacture part of its next-generation AI processor. As per the report, the prospective plan involves a split manufacturing approach, where TSMC would produce […]
Buying shares in these three public companies offers investors backdoor exposure to the AI powerhouse.
Palantir Technologies (PLTR) has spent years trying to convince Wall Street that it can become one of the most important software companies in the artificial intelligence boom. Its most recent action does just that. Palantir said on June 4 its software is available through the Google Cloud ...
Space Exploration Technologies Corp. (NASDAQ:SPCX) just became the fifth-most-valuable company on the planet — and it took three trading sessions to do what Amazon.com Inc. needed nearly three decades to achieve. Elon Musk's rocket and satellite company priced its initial public offering at $135 a share on June 12 in the largest IPO in history. By midday Tuesday, the stock had jumped nearly 60% to around $213, lifting its market value to nearly $2.75 trillion and pushing it past Amazon's roughly
Jeff Bezos is back in an operating seat for the first time since stepping down from Amazon (NASDAQ:AMZN), pointing a $12 billion war chest at what he calls the engine of civilizational wealth: invention itself. In a CNBC interview on June 11, 2026, Bezos and co-CEO Vik Bajaj outlined Prometheus, a Series B round raising ... Jeff Bezos Just Raised $12 Billion. He’s Betting His Newest Business Will Create the Next Elon Musk or Henry Ford
After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?
ULTA expands beyond retail with social commerce, AI tools and new growth platforms across wellness and global markets.
CNBC’s Leslie Picker walked viewers through the mechanics of last week’s blockbuster listing on June 15. She framed SpaceX (NASDAQ: SPCX) as more than the biggest IPO ever priced. “Friday’s debut went off really smoothly. There were no technology glitches in the 19% day one gain meant that those who received allocation generated a pretty ... SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings
Our 24/7 Wall St. price target for DTE Energy (NYSE:DTE) is $161.25 over the next 12 months, implying 9.38% upside from the current price of $147.42. I rate DTE a buy with high confidence. The hyperscaler data center pipeline, expanded capital plan, and constructive Michigan regulatory backdrop give this defensive utility a credible path to ... DTE Energy Emerges as a Top AI Infrastructure Beneficiary
Pre-tax health funds may support wearable demand
The expansion will build out Google's existing campus in Jackson County, which sits on the former TVA Widows Creek coal plant site and has been operational since 2019. Google said it has now invested more than $2 billion in Jackson County since first arriving in 2018, and the latest phase is expected to bring more than 1,000 contract workers to the region during construction.
SpaceX, NasdaqGS:SPCX, announced a US$60b all stock acquisition of AI coding startup Cursor (Anysphere). The deal marks SpaceX’s first major M&A transaction as a public company. Management framed the purchase as a way to deepen enterprise AI capabilities and expand beyond space and connectivity. SpaceX, NasdaqGS:SPCX, is best known for launch services and satellite connectivity, but the Cursor acquisition signals a broader push into enterprise AI and software. The move follows its IPO and...
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