Bitcoin dipped below $70,000 for the first time in almost two months, as concerns about the conflict in Iran and selling by major holder Strategy Inc. dented investor appetite. The largest cryptocurrency dropped as much as 3% on Tuesday to its lowest level since April 8, and traded at around $69,500 at 6:30 a.m. in […]
The S&P 500’s (^GSPC) rebound looks a lot thinner once AI enablers are stripped out. The S&P 500’s latest rally is less broad than the headline index suggests. A Goldman Sachs index that excludes artificial intelligence enablers is slightly lower since late February, while the S&P 500 is up about 10% and AI winners have […]
Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Chipmaker Samsung Electronics was also buoyed by data that South Korea’s semiconductor exports surged to a record high in May on […]
Nvidia (NVDA) is taking aim at Intel (INTC) and AMD (AMD) with the debut of its RTX Spark superchip for Windows laptops. The processor, which includes a Blackwell GPU and Grace CPU, will power laptops from manufacturers including ASUS, Dell (DELL), HP (HPQ), and Microsoft (MSFT) when it lands this fall. Unveiled during Nvidia’s GTC […]
Elon Musk is musing again about another merger within his portfolio of companies — this time between two of his largest, SpaceX (SPAX.PVT) and Tesla (TSLA). For shareholders of the electric vehicle maker, however, it might not be a good thing. Per CNBC, Musk has discussed with colleagues the possibility of folding the companies together, […]
They were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting artificial intelligence spending boom. A rush to build […]
Dell Technologies Inc. (DELL) shares gained almost 40% in extended trading after the hardware maker gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work. Revenue in the fiscal year ending in January 2027 will be about $167 billion, including $60 billion from the […]
Job postings for Salesforce (CRM) roles are becoming hard to find in the age of artificial intelligence — unless you can close sales. The insight: Salesforce co-founder and CEO Marc Benioff made one thing very clear on his late-Wednesday earnings call: Hiring decisions are more focused than ever inside a company long known for aggressive […]
A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s most popular Internet searches. Michele Spagnuolo was charged in a complaint unsealed Wednesday in federal court in New York. Spagnuolo, 36, appeared before a federal magistrate and was released on […]
US stock futures edged up as a wave of tech earnings boosted confidence in the AI trade. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose roughly 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) hovered just about the flatline. After the closing bell, Snowflake (SNOW), Marvell […]
SK Hynix (000660.KS) shares jumped more than 12% on Wednesday, pushing the memory chip maker to a $1 trillion valuation in Asia just hours after peer Micron Technology (MU) crossed the same milestone on Tuesday. Wall Street had anticipated SK Hynix would join the club as the last of the industry’s “big three” to reach […]
Micron (MU) had its best day since 2011 on Tuesday, closing at a record high — its 28th of the year — after UBS more than tripled its price target on the memory chipmaker to a Street high of $1,625, arguing that the AI boom has structurally changed the market for memory. The new target […]
