Motley Fool72d agoneutral
Investors Should Brace for a SpaceX IPO Reality CheckAt some point, the speculation behind SpaceX's record-breaking IPO will run out of steam.
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Associated Press72d agoneutral
Nvidia's Huang pledges AI will boost manufacturing jobs. A test will come in TexasJensen Huang’s company Nvidia makes the computer chips that unleashed a revolution in artificial intelligence. Now he's wagering that an AI buildout can revive U.S. manufacturing, pushing past limits facing science and society. Nvidia is formally unveiling on Tuesday plans for a major upgrade to its AI infrastructure as part of its $2 billion partnership with the factory’s owner, Coherent.
Reuters72d agoneutral
French startup bets on non-humanoid design in crowded AI robot raceGenesis AI, the French robotics startup backed by former Google CEO Eric Schmidt, unveiled its first general-purpose robot on Tuesday, as AI capabilities expand beyond chatbots and into physical machines. The robot, named Eno, breaks from the humanoid design usually favoured by leading manufacturers, featuring a wheeled base rather than legs, a foldable tower and hands that the company says match the form of a human hand. Founded in early 2025, Genesis AI has raised $105 million (€90.6 million), one of France's largest and matching the record seed round of Mistral AI - Europe's leading AI company.
Reuters72d agoneutral
India's Bigbasket names former Amazon veteran Amit Nanda as CEOBANGALORE, June 16 - Indian online grocery retailer Bigbasket on Tuesday appointed Amit Nanda as its CEO, replacing co-founder Hari Menon, who will continue to serve on the board.
Yahoo Finance72d agoneutral
SpaceX announces $60 billion Cursor deal to boost AI codingSpaceX confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.
Yahoo Finance72d agoneutral
SpaceX completes $60 billion Cursor deal to boost AI codingSpaceX (SPCX) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.
GuruFocus.com72d agobullish
Dell Wins $1.44B Microsoft License DealFederal unit secures renewal tied to Microsoft 365 services.
Reuters Videos72d agoneutralVIDEO
Tech Weekly: A blockbuster IPO, a sweeping online block<body><p>STORY: From a record-breaking IPO to a far-reaching online ban, this is Tech Weekly. </p><p>:: Tech Weekly</p><p>SpaceX on Thursday priced the biggest-ever U.S. initial public offering, raising a record $75 billion. </p><p>It’s made Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.</p><p>Selling 555.56 million shares at $135 apiece, the company was valued at $1.77 trillion. </p><p>Thursday’s pricing supports Musk's most ambitious project yet - even as some analysts question whether its lofty valuation is justified.</p><p>The company said Monday its underwriters had exercised the so-called "greenshoe" option to purchase additional shares.</p><p>Microsoft has been sued by shareholders who say they've been defrauded. </p><p>They’ve said the tech giant inflated its stock price by failing to disclose slowing growth in its Azure cloud business.</p><p>And failing to disclose the need to spend billions of dollars on AI infrastructure. </p><p>The proposed class action, filed Friday, was prompted by Microsoft shares falling 10% on January 29 after an earnings report.</p><p>About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.</p><p>Microsoft said on Monday it believes the claims are "without merit”. </p><p>British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s..</p><p>And impose restrictions on gaming and livestreaming platforms for the age group. </p><p>This amounts to some of the world's most far-reaching online restrictions, with the ban coming into place by next spring.</p><p>He said this would help protect children online while pushing back against the power of big technology companies.</p><p>"At the moment, strangers can contact any child unchecked. Just think about that. Is there a situation in the offline world where you would just let your child pair up with a stranger, an adult that you don't know anything about?”</p><p>Ford and other automakers are scrambling to obtain U.S. government authorization to continue selling certain models - despite being on the market for years. </p><p>It’s due to a U.S. ban on Chinese-developed and -maintained software in connected vehicles. </p><p>Ford told Reuters it’s asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV.</p><p>And said despite its tech being built in the U.S., its installation in China now requires government approval. </p><p>Lawmakers have proposed making the rules even tougher.</p></body>
GuruFocus.com72d agobearish
Microsoft Faces Azure LawsuitShareholders allege the company failed to disclose cloud growth and AI spending pressures.
GuruFocus.com72d agobearish
Apple Faces Italy Cloud ProbeRegulator reviews Apple's compliance with EU digital market rules.
Associated Press72d agoneutral
Struggling Pizza Hut restaurant chain will be sold for $2.7 billionThe struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S. restaurants. Pizza Hut was founded in 1958 in Wichita, Kansas.
Reuters72d agoneutral
US supercomputer taps Intel spinout Cornelis Networks for networking chipsCornelis, an Intel spinout developing networking technology aimed at data centers, on Tuesday said that its chips are now being used by a U.S. supercomputer used for nuclear weapons work. Under the National Nuclear Security Administration, a trio of U.S. national labs works to develop and maintain the nation's nuclear weapons with extremely accurate computer simulations of nuclear reactions, one of the most demanding tasks in the entire computing industry. Lawrence Livermore National Laboratory said Tuesday that it has tapped Cornelis chips to connect 952 computers in its new "Lynx" system.
Benzinga72d agoneutral
How To Earn $500 A Month From Accenture Stock Ahead Of Q3 EarningsAccenture plc will release earnings for its third quarter before the opening bell on Thursday, June 18. Analysts expect the company to report quarterly earnings of $3.71 per share, up from $3.49 per share in the year-ago period. The consensus...
Motley Fool72d agoneutral
Quantinuum's IPO Is Putting Pressure on IonQ, Rigetti Computing, and D-Wave Quantum. Here's Which Quantum Computing Stock Survives the Reset.Quantinuum's arrival on the stock market is separating quantum computing's contenders from its pretenders.
The Wall Street Journal72d agoneutral
Databricks Releases General AI Agents for BusinessesThe data-analytics company is pushing further into AI applications for general work as it aims to carve out a place in the artificial-intelligence world.
MediaPost72d agoneutral
Residence Acquires Influencer Agency GateMakerGateMaker was founded in 2021 by Ashton Wall and Amelia Soohoo and has worked with brands such as Amika, Estee Lauder Companies, Glossier, LG, L'Occitane en Provence, Milk Makeup, NARS, NEST, Pacifica, Rag & Bone, Reebok, Starbucks, and more.
Motley Fool72d agoneutral
The SpaceX IPO Just Handed Wall Street's Big Banks a Huge Payday. Here's What It Means for Their Stocks.Several high-profile IPOs are boosting investment banking stocks.
Quartz72d agobullish
Dow record, SpaceX rally, Federal Reserve decision 2026Markets are pausing after the S&P 500's best 3-day stretch in over a year, while SpaceX stock eyes a pass of Amazon by market cap
Investing.com72d agobullish
Rackspace Technology stock surges 30% on AMD AI compute dealInvesting.com -- Rackspace Technology (NASDAQ:RXT) shares rose 30% Tuesday after the company signed a definitive agreement with AMD (NASDAQ:AMD) for the phased deployment of 30 MW of AMD-based AI compute infrastructure.
Bloomberg72d agoneutral
Marvell Needs Lots of Growth to Achieve Huang’s $1 Trillion Call(Bloomberg) -- Jensen Huang may see Marvell Technology Inc. as the stock market’s “next trillion-dollar company,” but it’s going to take a lot of growth for the chipmaker to even sniff that lofty level. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It
MT Newswires72d agoneutral
Stocks Rise Pre-Bell Ahead of Fed Policy Meeting; Traders Seek Details on US-Iran Peace DealUS equity markets were tracking in the green before the open Tuesday as traders await the Federal Re
Proactive72d agoneutral
Wall Street pauses near records as the Fed looms and SpaceX continues to defy gravityDing, dong and morning, folks Wall Street looks set to catch its breath on Tuesday after a record-setting run, as the giddy reaction to peace with Iran gives way to harder questions about oil and the Federal Reserve. Dow futures ticked up 0.1% after Monday's all-time closing high, with the...
Reuters72d agoneutral
Mobileye to launch robotaxi business in US next yearMobileye Global said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves. Increasing investment in driverless technology is ramping up competition as companies pursue greater control over deployment and revenue, reshaping partnerships across the autonomous vehicle sector. Mobileye plans to deploy about 100 vehicles in a major U.S. city starting in 2027, with ambitions to scale the fleet to roughly 17,000 over the next five years.
The Wall Street Journal72d agobearish
Robinhood to Cut 10% of Workforce in RestructuringRobinhood Markets will lay off about 10% of its workforce, representing roughly 290 jobs, aiming to cut costs and work more efficiently.
Verdict72d agoneutral
AMD acquires MEXT to boost AI-driven memory optimisationThe acquisition aims to address escalating data centre memory bottlenecks driven by AI and cloud workloads.
Bloomberg72d agoneutral
Bondholders Forced to Reckon With $4 Billion Tax Threat in Bitter Credit Feud(Bloomberg) -- Patrick Drahi was running out of options to save his debt-ridden telecom empire.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen HormuzCreditors had closed ranks under a cooperation pact, making it difficult for Optimum Comm
Reuters72d agobearish
Verizon targets wireless customers with new simpler plans, drops some feesVerizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a new loyalty program offering discounts and perks. The U.S. company is aggressively competing with AT&T and T-Mobile in the saturated U.S. telecoms market, where network providers have extended device subsidies, added plan discounts and increased network infrastructure spending. Verizon said its new program will offer customers 3% back on bills from July that can be used toward new phones or at consumer brands like Sephora, Hilton, Marriott and Starbucks.
TheStreet72d agobullish
Chip stocks jump as Strait of Hormuz reopensMemory and storage chip companies surged on Monday, June 15, after the United States and Iran announced a peace agreement that will reopen the Strait of Hormuz. The rally didn't come about because the AI trade suddenly changed; it came about because the single biggest threat to it just got removed. ...