The S&P 500 appears poised to snap a four-day losing streak on Thursday as unexpectedly cooler inflation data reignited hopes for Federal Reserve rate cuts in 2026. The rebound was turbocharged by Micron Technology’s blowout earnings guidance, which sparked a powerful rally in semiconductor and AI-related stocks. The Nasdaq Composite surged 1.5% driven by chip
Micron Technology (NASDAQ: MU) rallied some 15% today after reporting top- and bottom-line growth for its fiscal Q1 that Morgan Stanley dubbed the “best in the history of the US semis industry” outside of Nvidia. For the current quarter, the memory-chip maker forecast adjusted earnings of $8.42 per share on $18.7 billion in revenue, well
The venture capital arms of Nvidia and Google have backed Swedish startup Lovable in a $330 million Series B round that values the vibe coding platform at $6.6 billion. The investment triples Lovable’s valuation in just five months and comes as the Stockholm company hit $200 million in annual recurring revenue. The number marks a
TikTok’s Chinese owner, ByteDance, has signed binding agreements with three major investors to form a new joint venture that will operate TikTok’s US app, a move aimed at averting a long-threatened ban by the US government. The agreement marks a major step toward resolving years of regulatory and political uncertainty surrounding one of the most
Shares of Texas Pacific Land Corporation surged on Wednesday after the company announced a strategic partnership aimed at developing large-scale data centre campuses across its extensive land holdings in West Texas, reigniting investor interest in the company’s potential role in the artificial intelligence infrastructure boom. Texas Pacific stock climbed as much as 8.3% during the
US stocks pulled back sharply at midday on Wednesday as investors dumped high-flying technology names and reassessed the AI trade’s underlying economics. The S&P 500 fell roughly 0.8%, the Nasdaq slumped about 1.3%, and the Dow dipped 0.3%. The selloff centered on two heavyweights, Oracle and Broadcom, both grappling with investor concerns about profitability and
Famed investor Cathie Wood continues to see long-term potential in CoreWeave Inc. (NASDAQ: CRWV) even though the AI infrastructure firm has been cut in half over the past six months. The founder and chief executive of Ark Investment Management bought another 136,000 CRWV shares this week, split across two of her flagship exchange-traded funds (ETFs).
Amazon has unified its artificial intelligence operations under one leader. The e-commerce and cloud computing giant appointed Peter DeSantis, a 27-year AWS veteran, to lead a newly unified organization spanning AI model development, custom chip design, and quantum computing research. The move represents a strategic reorganization aimed at accelerating Amazon’s push to compete directly with
Global markets opened amid heightened geopolitical and economic crosscurrents on Thursday, with Washington approving a major arms sale to Taiwan, Asian equities sliding on renewed concerns over artificial intelligence spending, and fresh signals from President Donald Trump on domestic economic relief. OpenAI is exploring another massive funding round, to sustain the AI boom. US approves
Apple is rolling out targeted changes to its iPhone software in Japan as the country’s new competition law takes effect, marking another step in how the company adapts its tightly controlled ecosystem to local regulation. The updates are designed to comply with the Mobile Software Competition Act, a law passed last year to open up