The White House on Monday released a list of 16 top executives invited to join President Trump on his trip to China this week. The president is set to depart Tuesday for Beijing for a series of meetings expected to last through Friday that will likely touch on issues like increasing AI communication and managing […]
Microsoft (MSFT) CEO Satya Nadella took the stand in US District Court in Oakland, Calif., on Monday as part of Elon Musk’s ongoing lawsuit against OpenAI (OPAI.PVT). Nadella testified about his relationship with Musk, Microsoft’s work with OpenAI, and questions about how the companies’ tie-up has benefited Microsoft. The CEO also responded to questions about […]
Nintendo’s (NTDOY) shares fell 7% in Tokyo on Monday after the company hiked Switch 2 prices and as the market frets over a lack of high-profile games to build momentum. Nintendo posted robust hardware sales for the financial year ended March but, while the company is known for its conservative forecasts, its outlook for this […]
Semiconductor stocks leading the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) to record highs have one common thread: They sit at the bottlenecks of the artificial intelligence trade. It used to be that Nvidia (NVDA) graphics processing units (GPUs) — the primary engines of the AI boom — were hard to get. But advancements in […]
Bangkok-based SiamAI said on Saturday it had not exported AI servers to China and that it complies with U.S. export and re-export control laws. Here are some details of the company’s statement: • The firm has faced allegations of circumventing exports of advanced chips from U.S. firms Super Micro Computer and Nvidia to China. • “SiamAI […]
A key company behind Thailand’s national AI effort is suspected of helping to smuggle billions of dollars worth of Super Micro Computer Inc. servers containing advanced Nvidia Corp. chips to China, with Alibaba Group Holding Ltd. one of multiple end customers, according to people familiar with the matter. US prosecutors this year outlined a scheme […]
Lyft Inc. reported profit in the first quarter that fell short of Wall Street’s estimates after it spent heavily on an international expansion and on adding higher-end offerings like chauffeur services. Earnings were 4 cents a share, shy of the average analyst forecast for 5.7 cents, due in part to integration costs related to recent […]
Coinbase Global (COIN) posted a wider-than-expected Q1 net loss on Thursday, marking the major crypto exchange’s second quarter in the red since the crypto market began to slump last fall. The company reported a net loss of $394 million, or $1.49 per share, in the first quarter. That’s compared to a profit of $66 million, […]
The AI memory boom has a new ticker, and Wall Street isn’t waiting around. The Roundhill Memory ETF (DRAM) is barely a month old, but traders are already treating it like the go-to vehicle for the trade. DRAM has traded only 24 sessions, as of Wednesday, but it’s already up around 70% and has hit […]
Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech companies spend heavily on artificial intelligence compute. Arm’s stock jumped 12% in the wake of the report, but reversed course after Arm executives told analysts on a conference call that they have not yet […]
SpaceX (SPAX.PVT) isn’t public yet, but Wall Street is already preparing for blastoff. The rocket company has confidentially filed IPO paperwork but has not listed yet. Its private market price has surged nearly 700% since 2023, giving it an estimated valuation near $1.5 trillion — enough to make the ETF world a reason to move […]
AMD (AMD) reported its first quarter results after the bell on Tuesday, beating analysts’ expectations on the top and bottom lines and topping Wall Street’s projections on second quarter revenue outlook. AMD stock rose more than 18% on the news in premarket trading on Wednesday. For the quarter, AMD saw earnings per share (EPS) of […]
