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Nvidia, Microsoft and other tech giants back open-source AI models
Reuters28d agoneutral
Nvidia, Microsoft and other tech giants back open-source AI models

Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source ‌AI models, wading into a debate roiling the business and policy worlds over ‌who controls the powerful technology. In a letter posted on X and also signed by two dozen companies and groups ​including Meta Platforms and IBM, Nvidia CEO Jensen Huang said that lawmakers should avoid "premature restrictions on open models that stifle competition or drive innovation overseas." The letter adds to the growing debate about open-source models that are harder to regulate, such as Nvidia's own and those released ‌in recent weeks by Chinese ⁠labs, and the closed-source models controlled by specific companies such as OpenAI and Anthropic.

Wall Street's AI trade faces its biggest valuation test
TheStreet28d agoneutral
Wall Street's AI trade faces its biggest valuation test

Alphabet just reported the strongest quarter in Google Cloud's history. Revenue came in at $119.8 billion, up 24% year over year. Cloud grew 82% to $24.8 billion and blew past analyst estimates. The Cloud backlog hit $514 billion. Nearly 90% of the Fortune 100 is using Gemini Enterprise. By most ...

Verizon Communications Q2 Earnings Call Highlights
MarketBeat28d agoneutral
Verizon Communications Q2 Earnings Call Highlights

Verizon Communications (NYSE:VZ) raised its full-year 2026 outlook for mobility and broadband service revenue, adjusted earnings per share and free cash flow after reporting improved subscriber trends, lower churn and stronger operating leverage in the second quarter. Chief Executive Officer Dan Sc

Bloomberg28d agoneutral
SpaceX at $100 Would Imply Zero AI Value, Morgan Stanley Says

(Bloomberg) -- The selloff in SpaceX shares has driven the stock near a level that would imply investors are assigning no value to its artificial intelligence business, according to analysts at Morgan Stanley. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesSpaceX Turns Away Falcon C

Earnings Are Crushing It. Stocks Are Getting Crushed. Why Next Week Is Crucial.
Barrons.com28d agoneutral
Earnings Are Crushing It. Stocks Are Getting Crushed. Why Next Week Is Crucial.

Investors aren’t buying the earnings story this summer, in contrast to the spring rally that powered stocks to a record high in early June, suggesting a tough climb for markets over the back half of the year. Nearly 85% of companies are beating estimates, compared with the recent average of around 80% and the historic reading of around 68%, and LSEG figures suggest overall second-quarter profit growth of 27%. Earnings growth forecasts for the year remain robust, with analysts penciling in a 29.6% advance from 2025 levels, next year’s pace tailing off to around 17%.

Qualcomm tells customers of double-digit price increases, Bloomberg News reports
Reuters28d agoneutral
Qualcomm tells customers of double-digit price increases, Bloomberg News reports

Smartphone chipmaker Qualcomm has told customers it would raise prices ‌by a percentage in the ‌double digits due to rising costs, Bloomberg News reported ​on Friday, citing a letter sent to clients. The San Diego, California-based company did not immediately respond to a Reuters request for ‌comment. • Qualcomm told customers that it could no longer absorb rising supplier costs and had sought alternative ‌components from new suppliers, ​the report said.

Bloomberg28d agoneutral
Trump Vows Fresh Tariffs on European Union Over Google Fine

(Bloomberg) -- President Donald Trump threatened new tariffs on products from the European Union in retaliation to the bloc’s $1 billion (€890 million) fine of Alphabet Inc.’s Google. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesSpaceX Turns Away Falcon Customers in Major Bet on S

Intel’s Strong Earnings Couldn’t Save the Stock From an AI Spending Panic
Barrons.com28d agoneutral
Intel’s Strong Earnings Couldn’t Save the Stock From an AI Spending Panic

Intel strong earnings weren’t enough to keep the stock’s gains going on Friday. Late Thursday, Intel reported per-share earnings that were almost double what analysts had forecast for the second quarter, while revenue jumped ahead of estimates. Intel management said on Thursday’s earnings call that they were raising their 2026 capital expenditure estimates to more than $20 billion, up from around $18 billion, as the company works to meet the rising demand of its products.

Wells Fargo doubles down on AMD stock after Anthropic deal
TheStreet28d agoneutral
Wells Fargo doubles down on AMD stock after Anthropic deal

AMD has already had one of the best years of any stock in the market. Up more than 170% year-to-date. A market cap pushing toward $1 trillion. A server CPU business that's been quietly taking share from Intel while the GPU story was getting all the headlines. Wells Fargo analyst Aaron Rakers raised ...

SLB Q2 Earnings Call Highlights
MarketBeat28d agoneutral
SLB Q2 Earnings Call Highlights

SLB (NYSE:SLB) reported second-quarter revenue of $9 billion, up 3% sequentially, as growth in Latin America, Europe and Africa, U.S. land and Asia more than offset disruptions in the Middle East. Adjusted earnings per share were $0.55, up $0.03 from the prior quarter but down $0.19 from a year earl

Orchid Island Capital Q2 Earnings Call Highlights
MarketBeat28d agoneutral
Orchid Island Capital Q2 Earnings Call Highlights

Orchid Island Capital (NYSE:ORC) reported second-quarter 2026 earnings of $0.44 per share, compared with a loss of $0.11 per share in the first quarter, as book value and total return improved during the period. Controller Jerry Sintes said book value rose to $7.22 per share at June 30 from $7.08 a