Clearwater Analytics’ share price surged nearly 8% in premarket trading on Monday after the company agreed to an $8.4 billion take-private deal led by private equity firms Permira and Warburg Pincus. Under the terms of the transaction, Clearwater shareholders will receive $24.55 per share in cash, representing a premium of about 47% to the company’s
Famed investor Jim Cramer has urged OpenAI to take an unprecedented step: raise $200 billion at a trillion-dollar valuation. OpenAI should “strike while the iron is hot,” he argued in a recent segment of Mad Money – after a week of swirling speculation about the ChatGPT company’s fundraising ambitions. Recent leaks signal OpenAI is interested
Nvidia is preparing to resume shipments of advanced artificial intelligence chips to China, signalling a potential reset in cross-border technology trade after a change in US policy, according to a Reuters exclusive. The company has reportedly told Chinese clients that it aims to start shipping its H200 AI chips before the Lunar New Year holiday
Italy’s competition authority has imposed a €98.6 million fine on Apple, intensifying scrutiny over how the company operates its App Store and applies privacy rules to developers. The decision adds to a broader European debate on whether Apple’s control over its mobile ecosystem disadvantages third-party app makers, even as the company argues that its policies
AppLovin stock price has had a strong performance this year, continuing a bull run that started a few years ago when it was trading at $9.20. It has jumped to $720, giving it a market capitalization of over $243 billion, up sharply from less than $1 billion. So, will this advertising company continue its bull
Accenture stock price has had a difficult year as concerns about its business continued. After initially soaring to a high of $392 in January, the ACN stock dropped to the current $270. Its market capitalization has dropped from the year-to-date high of $250 in February to the current $166 billion. Accenture stock has faced major
Shopify stock price has had a strong performance this year as it jumped from the April low of $70 to the current $166. This growth happened as the company’s growth trajectory accelerated. So, is the highly overvalued company a good investment today? Shopify revenue and profitability growth have continued Shopify is a top company that
Tesla stock (NASDAQ: TSLA) came under pressure on Friday, plunging over 1% after volatility spread through the broader artificial intelligence space. The stock has alternated between gains and losses this week, with investors reassessing growth expectations amid competition from global rivals and execution risks around robotaxi deployment. Tesla’s volatile trading reflects the market’s struggle to
Palo Alto Networks (NASDAQ: PANW) announced a landmark deal with Google Cloud on Dec. 19, aimed at integrating artificial intelligence (AI) into cybersecurity at scale. The agreement, reportedly worth nearly $10 billion, will see PANW migrate workloads to Google Cloud while embedding the latter’s Gemini AI models into its Prisma AIRS platform. Palo Alto Networks
CoreWeave Inc (NASDAQ: CRWV) soared nearly 20% on Dec. 19 after announcing participation in the US government’s “Genesis” mission. The Department of Energy (DOE) programme is designed to accelerate scientific discovery, strengthen national security, and advance energy innovation. CoreWeave stock is also pushing higher because Citi analysts issued a bullish note in favour of the