SpaceX opened lower on Thursday, extending losses from the prior session.
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Shares pulled back Wednesday after a roughly 40% run since the company's Friday debut pushed its market cap past Amazon
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.
Stock Market Today: The Dow Jones index wavered Wednesday ahead of the Fed's decision and Fed Chair Warsh's comments. SpaceX stock rallied.
(Bloomberg) -- SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealShares
Microsoft has reportedly abandoned talks with Oracle to lease $3 billion in AI computing power after a stalemate over federal security regulations.
Shareholders allege the company failed to disclose cloud growth and AI spending pressures.
Microsoft faces a proposed class-action lawsuit from shareholders alleging the company defrauded investors by masking a slowdown in its Azure cloud business.
The report is accused of falsely describing AI use at UBS, NHS Greater Manchester, Swiss Federal Railways and TfL.
Report Says 200 To 400 Workers Are Affected
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IPOs have had juicy first-day gains this year, but it doesn’t take long for the pullback to start. And that is particularly true for mega IPOs.
Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
Broadcom is erasing nearly $320 billion in market value — the third-worst for US public stocks.
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The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet. Adjusted earnings for the quarter of 80 cents per share were in-line with analyst expectations.
Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...
What's better: paying $2 trillion for SpaceX, with under $20 billion in revenue, or $5 trillion for Google (GOOG), generating $400 billion in revenue and $100 billion in profits.
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Artificial-intelligence leader Nvidia has a big task when it reports first-quarter earnings later today: convince investors that the AI investment boom still has legs and that Nvidia won’t lose its pole position. Wall Street analysts expect the company to report earnings per share of $1.75, up from 81 cents a year ago. Nvidia remains the biggest winner of the AI age.
Roughly $1.5 trillion has flowed into artificial intelligence deployment since the launch of ChatGPT in late 2022, according to Advisor Perspectives, a sum that matches the projected fiscal year 2027 U.S. defense budget. Amazon, Microsoft, and Google are projecting approximately $725 billion in ...
Investing.com -- A U.S. jury on Monday found OpenAI not liable in a lawsuit filed by Elon Musk, who claimed the artificial intelligence company had abandoned its original mission to benefit humanity.
A California jury, on Monday found OpenAI cofounders CEO Sam Altman and president Greg Brockman not liable of unjustly enriching themselves by turning the once nonprofit company into a for-profit business.
The legal battle between Elon Musk and OpenAI has ended in a win for the company he co-founded, following a jury decision.
Elon Musk's claim that he was mistreated by his OpenAI cofounders failed after nine California jurors decided in a unanimous verdict that his lawsuits had been filed too late.
Investing.com -- Artificial intelligence is beginning to account for a significantly larger share of corporate workforce reductions, according to a UBS Global Research report issued on May 13, 2026.