News

(Bloomberg) -- Fireworks AI, a startup that helps companies run artificial intelligence models, is in talks to raise a new round of funding that would value the company at $15 billion, according to people familiar with the matter.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarRussia Tells US to Evacuate Its Diplomats and Citizens From KyivPutin Signs Law on Use of Army to Aid Russians Detained AbroadUS Strikes Targets in Iran Even as Trump Hails Progress

Zuck has the it factor, says UFC's top dog.

Meta will cut nearly 1,400 workers across Seattle, Bellevue, Redmond and remote positions in Washington state as the company accelerates its artificial intelligence overhaul.

The real threat to the tech sector isn't a lack of AI ideas, but a classic economic shock. The overproduction of computing power.

Meta said Vermont had not alleged the company designed Instagram or its features in the state, nor that any claims about the app’s safety or addictiveness were made there.

Marvell Technology (MRVL) is scheduled to report Q1 results after-market hours on Wednesday, May 27, and expectations are running high following several quarters of explosive AI-driven growth.

Shares of mobile app technology company AppLovin (NASDAQ:APP) jumped 3.6% in the afternoon session after reports indicated a major competitor, Meta Platforms, is not expected to bid on certain mobile advertising traffic, potentially opening up more of the market for AppLovin.

The AI networking trade has produced one of the sharpest leadership shifts of the year, and it favors the name many investors had written off. Over the past month, Cisco Systems (NASDAQ:CSCO) stock has surged 32%, while Arista Networks (NYSE:ANET) stock has slumped 10% and Broadcom (NASDAQ:AVGO) stock has essentially drifted sideways. Today’s midday session ... Cisco Soars 32% in a Month, Arista Falls 10%, Broadcom Drifts: The AI Networking Trade Has a Clear Winner

Meta’s soaring AI spending has pressured shares, but analysts believe long-term monetization opportunities remain significant.

Apple shares nudged higher in early Tuesday trading following a pair of upgrades on Wall Street heading into the tech giant’s Worldwide Developers Conference next month in California. “Apple may be on the brink of some real AI sizzle,” Reitzes said in a note published Tuesday.

Micron is no longer just leading the chip rally. It is crashing the megacap leaderboard.

The ruling adds to a series of recent courtroom setbacks for the social media giant.

The pitch for ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) is simple. You cannot buy SpaceX shares on your brokerage app, but XOVR can, and the fund packages that exposure inside a normal ticker you trade like any other ETF. XOVR now holds ~$281 million in SpaceX, which works out to about 23% of the fund. Yet ... XOVR Promised Pre IPO SpaceX Upside, But It Is Down 2% YTD While the S&P 500 Is Up 9%

ARM stock is climbing to fresh highs after Jefferies argued Nvidia’s Vera CPU momentum could dramatically accelerate Arm’s long-term royalty growth in AI infrastructure.

Meta apparently bowed out from competing for a key source of the company's business.

On a recent episode of the Earn Your Leisure podcast titled “The AI Boom Isn’t Over! Micron Technology Just Proved It!“, co-hosts Rashad Bilal and Troy Millings laid out a two-part thesis that the AI buildout has real runway through 2027. They also shared that Taiwan Semiconductor’s monthly demand commentary may serve as the single ... This Proves The AI Boom Will Last Through 2027

Oklo (NYSE:OKLO) has become a poster child for the nuclear renaissance powering the AI buildout, and the advanced fission developer just stacked another regulatory and fuel-supply win onto a thesis built entirely on future revenue. The Santa Clara company has been selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium ... Oklo Moves One Step Closer to Commercialization

Since ChatGPT burst onto the scene in late November 2022, artificial intelligence has transformed from a buzzword into one of the biggest capital allocation shifts in corporate history. Hyperscalers and Big Tech leaders have committed hundreds of billions of dollars to data centers, GPUs, and AI infrastructure. The Big Four hyperscalers — Alphabet (NASDAQ:GOOG), Amazon ... Companies Are Cutting Jobs for AI — But Not the Billions Paid to Investors

A bid by Meta Platforms (META) to avoid a lawsuit by Vermont's attorney general accusing the company

UBS raised its target on Micron to a Street-high $1,625 from $535, arguing AI has structurally changed the memory market

Dropbox said on Tuesday that CEO and co-founder Andrew Houston will step down after a ‌transition period, promoting insider Ashraf Alkarmi to co-CEO ‌ahead of his succession as the sole chief executive. The file hosting service ​provider's shares fell more than 1% in early trading. They have fallen over 3% this year.

The Magnificent 7 are supposed to comprise the world’s hottest megacap companies. Their businesses will control the future. They are a mix of AI, search, the future of vehicles and robots, Alphabet (parent company of Google), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Meta Platforms (parent company of Facebook and Instagram), Microsoft, Nvidia (NASDAQ: NVDA), and ... Microsoft Should Be Thrown Out Of Magnificent 7

Meta Platforms is trading at a dirt cheap price tag.

Amazon's (AMZN) current valuation presents an interesting dynamic. At $266 per share with a trailing P/E of roughly 31.5, the stock appears reasonably priced compared to its three-year average of roughly 38.0. This shift from historical multiples suggests potential room for upside, but not necessarily through market re-rating. Instead, the case rests on a more fundamental driver: earnings expansion powered by revenue growth and underlying operating efficiency.

It's a tech world in the minds of stock analysts.

Report says CTO Andrew Bosworth wants fewer managers and more AI-driven work.

Wells Fargo Cuts Meta Target but Keeps Bullish Call on AI Future

Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.

Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for “Artisan Value Fund”. A copy of the letter is available to download here. The Funds’ Investor Class: ARTLX, Advisor Class: APDLX, and Institutional Class: APHLX returned -3.54%, -3.50%. and 3.50%, respectively, in Q1 vs, 2.10% return for the Russell 1000® Value Index. Performance […]

Sen. Bernie Sanders (I-VT) slammed Tesla Inc. and SpaceX CEO Elon Musk‘s predictions about AI enabling a “universal high income.” How Will Governments Fund Income, Asks Bernie Sanders In a post on X on Saturday, Sanders had a “question” for...