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Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.
One number due in the first few days of July matters more than any robotaxi update right now.
Wayve is emerging as a go-to partner for traditional automakers trying to keep up with Silicon Valley.
Lingyi debuted strongly after raising HK$8.3 billion as it expands into AI hardware and humanoid robotics.
<body><p>STORY: From Micron's mega market cap to Apple's price hikes...</p><p>...this is the Week in Numbers.</p><p>:: The Week in Numbers</p><p>:: $1.4 trillion.</p><p>About $1.4 trillion was Micron's market cap after it briefly blew past the value of Meta and Tesla for the first time.</p><p>It came after the firm forecast quarterly profit and revenue well above expectations.</p><p>Micron is a major memory-chip maker and a key supplier to AI titan Nvidia.</p><p>The company's shares have more than tripled in value so far this year, and soared close to a fifth following its results.</p><p>:: 5%</p><p>Almost 5% is how far Apple shares fell after it announced price hikes.</p><p>The tech giant said its cheapest laptop will jump from $599 to $699, with iPad prices also rising - although the iPhone won't jump for now.</p><p>Apple says it can no longer avoid passing on rising costs to consumers.</p><p>The price of memory chips jumped by around 98% in the first quarter, and has kept soaring due to the AI boom.</p><p>:: 42% </p><p>42% was how much shares of Wendy's soared as retail traders bought up the beaten-down stock in the latest meme-like rally.</p><p>Trading on the heavily shorted stock was paused multiple times due to volatility..</p><p>Shares briefly hit a more than seven-month high.</p><p>The fast food chain is battling weak sales and pressure from an activist investor, with its stock down more than 78% from record highs five years ago.</p><p>:: $648 billion</p><p>Almost $648 billion is how much Samsung plans to invest in South Korea over 10 years.</p><p>That's according to the Maeil Business Newspaper, which said the firm will announce its intentions on Monday.</p><p>The investment includes a potential $194 billion to build chip factories in the country's southwest, as well as plans for AI data centers, batteries and displays.</p><p>There was no immediate response to a request for comment from Samsung.</p><p>:: $606.5 million</p><p>And $606.5 million was H&M's operating profit during its fiscal second quarter.</p><p>That was smaller than expected for the Swedish fashion retailer.</p><p>H&M blamed weaker consumer demand and inflation made worse by the Iran war.</p><p>CEO Daniel Erver said Europe, particularly the western part of it, had gone through a difficult quarter.</p></body>
Tata Electronics, a key Indian supplier to Apple, has restricted internal access to sensitive systems as it investigates a leak of thousands of secret client files on the dark web, a Tata source and two industry officials said. Tata has also hired a global consultant to conduct a forensic audit and has reported the incident to the Indian government and its clients, said the Tata source, declining to be named given the sensitivity of the matter. Reuters reported this week that ransomware group World Leaks posted more than 200,000 files to the dark web, including purported component design papers from Apple and Tesla, both of which are Tata clients.
Tesla investors have placed a lot of eggs in the company's autonomous driving basket to justify its 338x trailing twelve-month price-to-earnings ratio. The S&P 500 currently has a TTMPE ratio of 32, according to Multpl. The company doubled down on its autonomous driving ambitions earlier this ...
Investor Gary Black of The Future Fund LLC dismissed arguments made by bullish supporters of Tesla Inc., who opined that Elon Musk was deliberately slowing down the EV giant’s Robotaxi ramp to induce a merger with Space Exploration Technologies Corp.....
Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla's for the first time on Thursday, after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4% at $1,236, giving it a market capitalization of $1.398 trillion, compared with Meta's $1.392 trillion. Tesla had a market value stood of $1.4 trillion.
Plus: Will anyone buy a cheap EV truck, the World Cup tries to cool off and the Trump administration offers nuclear loans.
Tesla Inc. (NASDAQ:TSLA) is facing fresh legal and regulatory challenges following the National Transportation Safety Board (NTSB) announcement that it will examine the fatal Texas crash that took place last week involving a Model 3 sedan. NTSB Announces Probe According to a report by Reuters on Wednesday, the agency said it will investigate the incident, which is already under scrutiny of the National Highway Traffic Safety Administration (NHTSA). The collision occurred in Katy, Texas and resul
June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting
Investors are now watching Starlink's growth and Starship's R&D spending ahead of its first public earnings report.
Less than two weeks ago, SpaceX became the most valuable company ever to go public, raising $75 billion at a valuation north of $1.7 trillion and closing its debut session up 19%, according to CNBC. On June 22, SpaceX posted its worst single-day loss as a public company, plunging 16% to close at ...
Tesla’s (TSLA) latest federal safety probe isn't a routine crash investigation. It’s a test of one of the greatest assumptions still baked into Tesla’s stock: that the company can turn driver-assistance software into a business considerably more valuable than regular car sales. For years, Tesla has ...
Crypto analyst InvestAnswers has thrown cold water on the panic gripping the Bitcoin (BTC) market, telling investors that the leading cryptocurrency is sitting on signs of a late-stage bear market bottom, and that its biggest move may be just one round number away. In a podcast, the analyst ...
The Baron First Principles ETF has quickly asserted itself as the primary ETF proxy on SpaceX stock.
The companies are combining to create what they called the largest distributed power plant in the country.
By Jonathan Stempel June 24 (Reuters) - Tesla has been sued by the family of a 76-year-old Texas grandmother killed last week when a driver using his Model 3's automated driving assistance system
The family of the 76-year-old woman killed when a Tesla Model 3 plowed into their suburban Houston home has filed a wrongful death lawsuit against Tesla and the driver, NBC News reported.
Tesla Inc. CEO Elon Musk, as well as the company’s AI lead Ashok Elluswamy, on Monday denied claims that the Full Self-Driving (FSD) system was responsible for a fatal crash in Texas that resulted in the death of a woman. This Makes No Sense, Says Elon Musk In a post on X, Musk responded to a post by a user who criticized a report that said a Tesla driver claimed to have engaged driver assistance technology as the Model 3 vehicle crashed into a home in Katy, Texas, on June 19, which resulted in
Sunrun, Tesla, and Renew Home entered into an agreement to deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities.
The solar-energy company is partnering with home energy platform Renew Home and electric car maker Tesla to power data centers.
The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX ...
Automotive execs tout automated driver assistance systems like Ford BlueCruise, General Motors Super Cruise, and Tesla Full Self-Driving (Supervised) as the ultimate key to unlocking safer roads. There were more than 40,000 motor vehicle-related deaths in 2023, according to the Insurance Institute ...
Tesla (TSLA) is facing a federal investigation into a fatal car crash in Texas, in which the driver claimed that Tesla's full self-driving (FSD) was engaged. Yahoo Finance Senior Autos Reporter Pras Subramanian chats with Yahoo Finance's Julie Hyman about what we know so far.
U.S. safety regulators are reviewing a fatal Model 3 crash in Texas.
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