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According to a report by The Information, the company is said to be specifically looking at "neocloud" providers to increase the adoption of its custom TPUs, including Nvidia-backed Nscale.
Updated filing increases expected restructuring costs while the company continues its turnaround and workforce reductions.
Stock Market Today: The Dow Jones index fell Monday, while tech futures rallied. Micron stock and Sandisk rebounded in premarket trading.
By Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI, July 3 (Reuters) - The world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites
By Arpan Chaturvedi NEW DELHI, July 2 (Reuters) - Amazon said on Thursday it will take "appropriate action" against a third-party delivery partner in India once a police investigation into a fire that
Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter. The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.
The recent initial public offering (IPO) of Space Exploration Technologies Corp. has resulted in a significant financial gain for its former employees, while ex-staff of Jeff Bezos‘ Blue Origin are reportedly unhappy over virtually worthless stock options. SpaceX’s valuation has...
Under the Digital Markets Act, the companies would be treated as gatekeepers for their cloud computing services and required to take extra steps to ensure they don’t stifle competition.
📈 Follow our live markets data and coverage. Wharton School finance professor Jeremy Siegel, a cheerleader for staying invested as the 1990s bull market bubbled higher, made a surprising argument at the time. The boom-and-bust Nifty Fifty stocks of the early 1970s, long trotted out as a cautionary tale of falling in love with one group, weren’t so bad.
Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.
Tuesday's catalysts include flash PMIs, Richmond Fed data, ADP weekly employment, Treasury bill and 2-year note auctions, and May money supply.
Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns. SpaceX slid over 10% after last week's blistering post-IPO rally. Alphabet dropped 6%, set for its biggest one-day fall since May 2025 and on pace to erase more than $256 billion in market capitalization.
(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t
SpaceX stock fell again on Monday, giving it three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing.
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
(Adds company's comments in paragraph 3, 4 and 5) Three Amazon.com (AMZN) employees claim the com
Azure and AWS could face DMA obligations on interoperability, customer lock-in, and self-preferencing if EU regulators proceed.
Investing.com -- Amazon is in talks to sell its Trainium AI chips directly to other companies for use in their data centers, according to a report from Bloomberg News, citing an interview with Amazon’s AI Chief, Peter DeSantis. The move represents an effort to compete with Nvidia and take advantage of growing global demand for AI infrastructure.
SpaceX (NASDAQ:SPCX) stock is down 8% on Thursday, June 18, sliding to $176 a day after the Federal Reserve’s latest policy decision. The pullback broke a three-day winning streak, the first losing session since the company’s IPO on June 12. SPCX stock touched a session high of $188.40 and then dropped quickly. That volatility, following ... SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?
Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.
SpaceX opened lower on Thursday, extending losses from the prior session.
Shares pulled back Wednesday after a roughly 40% run since the company's Friday debut pushed its market cap past Amazon
A New Risk Emerges for Amazon Stock as FTC Eyes Legal Action
SpaceX fell on Wednesday for the first time since the company went public, breaking a three-session winning streak that had pushed Elon Musk's rocket and AI venture into the upper tier of the world's most valuable companies.
The FTC and state attorneys general are investigating Amazon's advertising disclosures and pricing practices.
The FTC is reportedly preparing a complaint against Amazon over advertising disclosures.
Stock Market Today: The Dow Jones index wavered Wednesday ahead of the Fed's decision and Fed Chair Warsh's comments. SpaceX stock rallied.
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