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Cloudflare (NET) Acquires VoidZero to Integrate High-Performance JavaScript Tools into Edge Network
Insider Monkey59d agoneutral
Cloudflare (NET) Acquires VoidZero to Integrate High-Performance JavaScript Tools into Edge Network

Cloudflare Inc. (NYSE:NET) is one of the best US stocks to buy and hold for the next 5 years. On June 4, Cloudflare acquired VoidZero, the company behind the popular JavaScript tooling ecosystem Vite. This acquisition integrates VoidZero’s high-performance tools (including the Vite build tool, Vitest, Rolldown, and Oxc) directly into Cloudflare’s global edge network […]

SpaceX (SPCX) Is Up 14.9% After Record IPO And $60 Billion Cursor AI Deal - What's Changed
Simply Wall St.59d agoneutral
SpaceX (SPCX) Is Up 14.9% After Record IPO And $60 Billion Cursor AI Deal - What's Changed

In mid-June 2026, Space Exploration Technologies Corp. completed the largest IPO in history, raising roughly US$75–86 billion and rapidly secured inclusion in major Nasdaq indexes while agreeing to acquire AI coding platform Cursor in an all-stock deal valued at US$60 billion. These moves accelerate SpaceX’s shift from pure launch and satellite operations toward AI infrastructure and enterprise software, with Google and Anthropic signing multiyear GPU and data-center contracts worth tens of...

Turkish competition board approves Uber acquisition of Getir delivery business
Reuters60d agoneutral
Turkish competition board approves Uber acquisition of Getir delivery business

The Turkish Competition ‌Board said on Friday ‌it had approved Uber ​Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from ‌Emirati controlling ⁠shareholder Mubadala. "The commitment by Uber Technologies ⁠Inc. to invest a total of ​US$500 million ​in ​Turkey is expected ‌to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development ‌of Turkey's digital ​and technology ​infrastructure," ​the competition board ‌said. Uber said in ​February ​it had agreed to acquire Getir's delivery ​arm, ‌expanding the U.S.-based company's ​Turkish footprint.

Baidu’s (BIDU) Kunlunxin Chip Unit Draws ByteDance Interest Ahead of Potential IPO
Insider Monkey60d agoneutral
Baidu’s (BIDU) Kunlunxin Chip Unit Draws ByteDance Interest Ahead of Potential IPO

Baidu Inc (NASDAQ:BIDU) is one of the most promising metaverse stocks to buy now. Baidu shares have gained more than 32% over the past year, and analysts see more upside in the stock. On June 15, Reuters reported that TikTok parent ByteDance is considering ordering AI chips from Baidu Inc (NASDAQ:BIDU). Through its semiconductor subsidiary Kunlunxin, Baidu […]

Bloomberg60d agoneutral
SpaceX Shares End First Week of Trading Up 37% From IPO Price

(Bloomberg) -- SpaceX stock ended higher in its first week of trading, even though its rough ride showed the largest-ever IPO was not immune to the type of share-price volatility that tends to rock big companies after they go public. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealMukesh Ambani’s Promise to Investors on Jio IPO Will Be Tested Th

Tencent (SEHK:700) Backs Manus Buyback And Enflame IPO In China AI Push
Simply Wall St.60d agobullish
Tencent (SEHK:700) Backs Manus Buyback And Enflame IPO In China AI Push

Tencent Holdings (SEHK:700) is part of the buyer group for AI startup Manus after regulators required Meta to unwind its acquisition. Tencent is a major shareholder and customer of Shanghai Enflame Technology, an AI chip supplier preparing for a public listing. Both developments highlight Tencent's involvement in AI software and hardware across China and global markets. Tencent Holdings sits at the center of China's internet and gaming industries and is increasingly active across artificial...

SpaceX shares tumble as post-IPO frenzy loses steam
Reuters60d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant
TheStreet60d agoneutral
HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant

HIVE Digital Technologies (Nasdaq: HIVE) is turning nearly a decade of renting space in northern Sweden into permanent ownership. The company announced on June 18 that the Boden Municipal Council has approved its acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB, ...

Salesforce (CRM) Inks Definitive Agreement for Fin Acquisition
Insider Monkey60d agoneutral
Salesforce (CRM) Inks Definitive Agreement for Fin Acquisition

Salesforce (NYSE:CRM) is one of the 8 Best Generative AI Software Stocks to Buy in June. On June 15, Salesforce announced that it had forged a definitive agreement for the acquisition of customer agent company Fin, formerly Intercom, for approximately $3.6 billion. Salesforce said the acquisition will bring Fin’s customer agent platform to companies of […]