Creative software giant Adobe (NASDAQ:ADBE) will be reporting earnings this Thursday after market close. Here’s what you need to know.
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Analysts also flagged risks, including shareholder opposition and regulatory scrutiny from Tesla's China exposure.
June 10 (Reuters) - Facebook-parent Meta said on Wednesday that it has tied up with Indian billionaire Mukesh Ambani's Reliance Industries for an AI-enabled data center in India.
OpenAI is in negotiations to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia, The Information reported on Tuesday, citing two people with direct knowledge of the discussions. Reuters could not immediately verify the report.
The VanEck Semiconductor ETF (NYSEARCA:SMH) closed Friday at $599, capping a stretch in which SMH has returned roughly 146% over the past year and tacked on nearly 20% in May alone. SMH is up about 66% year to date, and the rally has been driven less by NVIDIA than most holders assume. Because the fund ... SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls
Despite dropping from all-time highs, CoreWeave stock remains 145% above its IPO price.
Elon Musk has big dreams for SpaceX.
When money is tight for consumers across the board, retailers like Dollar Tree and Costco tend to win out. A good 66% of Americans have reduced their overall spending due to rising prices, according to the Conference Board's May Consumer Confidence Index. April's Consumer Price Index, ...
Elon Musk has become the most powerful, prolific and bewildering human on earth and is about to become the world's first trillionaire if his latest brainchild -- the IPO of his rocket and AI company SpaceX -- goes as planned.Without Musk, OpenAI would go on to become the dominant AI giant, and this year he lost a blockbuster lawsuit against the company and its CEO Sam Altman over Musk's claims that it had reneged on its original mission of being a non-profit working for AI to benefit humanity.
The SpaceX IPO is expected to set records Friday and mark a new pinnacle in Wall Street’s retail revolution.
Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest IPO ever. Jon Krohn, the co-founder and CEO of Y Carrot, joins CBS News to discuss.
The week of June 8 handed global markets a sharp reminder of how quickly sentiment can shift. Goldman Sachs removed its 2026 Fed rate cut calls. The Nasdaq fell 5% on the May jobs report. Investors who had been positioned for easing scrambled to recalibrate. The wall of worry that has defined ...
The slide extended a bout of volatility that has raised worries that stocks’ record run is rooted in the staggering gains of a handful of chip companies. Many gainers were tied to the real economy: Shares in Home Depot were among the Dow’s best performers, while Jif maker J.M. Smucker led the S&P 500.
Arqit Quantum Inc. (NASDAQ:ARQQ) is one of the Best Quantum Computing Stocks. On May 21, 2026, Arqit Quantum Inc. (NASDAQ:ARQQ) reported Q1 fiscal 2026 revenue of $623,000, up sharply from $67,000 a year earlier and $463,000 in the prior half. It also reported eleven contracts as compared to seven in the entire year of 2025. […]
Uranium Energy Corp (UEC) showcases production growth and financial strength while navigating regulatory hurdles and market volatility.
Markets spent most of 2026 waiting for the Federal Reserve to deliver rate cuts that Goldman Sachs had been forecasting for December 2026 and March 2027. On June 6, after the May jobs report landed well above every economist's estimate, Goldman crossed both dates off the calendar entirely. The ...
Asking for a Trend Host Josh Lipton breaks down what investors should be on the lookout for on Wednesday, June 10, including earnings from Oracle (ORCL), Chewy (CHWY), and May's CPI report.
A federal judge on Tuesday tentatively approved a settlement between Visa and Mastercard and a class of merchants, paving the way for potential big changes to credit-card rewards. The agreement would end a 20-year legal battle between the card networks and a group of merchants, who have argued that the fees they are charged for each transaction are too high. Initially reached in November, the settlement would give merchants more flexibility to reject certain credit cards and would mandate lowering swipe fees over multiple years.
Most people don't think about Oracle the way they think about Nvidia or Broadcom. It doesn't have the same flashy artificial intelligence (AI) narrative. It started as a CIA database project in 1977. For decades, it was the unglamorous but indispensable backbone of enterprise computing. Then the ...
SpaceX executives say the company is aiming to launch initial demonstrations of space-based artificial intelligence computing infrastructure by late 2027, ahead of the "as early as 2028" timeline for deployment disclosed in its IPO filing, according to two people who attended investor presentations held ahead of the offering. The orbital-compute effort is central to SpaceX's long-term growth pitch to investors. SpaceX has requested permission from regulators to launch up to 1 million space-based data-center satellites.
Apple (NASDAQ:AAPL), the most vertically integrated company in tech, is turning to Nvidia and Google Cloud to power its most advanced AI workloads. According to CNBC’s MacKenzie Sigalos, Apple software chief Craig Federighi confirmed that the company’s new frontier language model, FM Cloud Pro, will run on Nvidia GPUs hosted in Google Cloud for agentic ... Apple Will Run Advanced AI Model on Nvidia GPUs via Google Cloud, Ditching Private Infrastructure
The much-awaited U.S. job market report is finally out for May, and while the result was stronger than expected, the headline number may not tell the whole story. The economy added 172,000 jobs last month, but the unemployment rate remained steady at 4.3%, according to the Bureau of Labor ...
Oracle reported Q4 results after the bell on Wednesday.
Oracle will report its Q4 results after the bell on Wednesday.
IBM CEO Arvind Krishna discusses IBM's significant $10 billion investment in quantum computing, a faster form of AI. Krishna also noted a $1 billion federal government commitment to build a chip fabrication facility in Albany, New York, illustrating a strong collaboration between public and private sectors. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Markets are also assessing the odds for a Mideast peace plan after the US and Irn traded strikes.
Markets are also assessing the odds for a Mideast peace plan after the US and Irn traded strikes.
Markets are also assessing the odds for a Mideast peace plan after the US and Irn traded strikes.
Micron Technology (MU) is suddenly one of Wall Street’s most dramatic artificial intelligence stories. The chipmaker, formerly seen as a cyclical memory business, was the kind of stock that would climb higher as DRAM and NAND prices tightened and fall when supply caught up with demand. That old ...