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Bloomberg115d agoneutral
Amazon Puts Alexa Inside the Shopping Search Bar in AI Push

(Bloomberg) -- Artificial intelligence algorithms are coming to some of the most valuable real estate in retail: the Amazon.com Inc. search bar.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in LimboQueries typed into Amazon’s website and mobile app will soon reply, depending on the co

Cisco Shares Soar After Hours Following News of Job Cuts, Earnings
The Wall Street Journal115d agoneutral
Cisco Shares Soar After Hours Following News of Job Cuts, Earnings

16% That’s how much Cisco Systems’ shares were up recently in after-hours trading following the company’s Wednesday announcement that it was cutting jobs as part of shift toward high-growth parts of its business, including artificial-intelligence infrastructure.

Transcript: USA Rare Earth Q1 2026 Earnings Conference Call
Benzinga115d agoneutral
Transcript: USA Rare Earth Q1 2026 Earnings Conference Call

USA Rare Earth (NASDAQ:USAR) reported first-quarter financial results on Wednesday. The transcript from the company's first-quarter earnings call has been provided below. This content is powered by Benzinga APIs. For comprehensive financial data and transcripts, visit https://www.benzinga.com/apis/. Access the full call at https://event.choruscall.com/mediaframe/webcast.html?webcastid=c1UqC8rH Summary USA Rare Earth reported a cash position of $128.1 million, with plans to spend $60 million in c

AI Good for Media IP: Citigroup's Mohr
Bloomberg115d agoneutralVIDEO
AI Good for Media IP: Citigroup's Mohr

Christina Mohr, global chair of M&A at Citigroup, and Ian Nussbaum, partner at Latham & Watkins, join Dani Burger and Michelle Davis on "Bloomberg Deals."

Why Elon Musk's SpaceX is a 'three-engine empire' ahead of IPO
Yahoo Finance Video115d agoneutralVIDEO
Why Elon Musk's SpaceX is a 'three-engine empire' ahead of IPO

Elon Musk's private space venture, SpaceX (SPAX.PVT), is valued at over $1.5 trillion as investors await its mega-IPO in 2026. ER Shares COO and chief investment strategist Eva Ados explains why her firm is calling SpaceX a "three-engine empire," identifying its space infrastructure development, Starlink satellite, and possible space-based AI data centers as the company's core components and biggest drivers.

Associated Press115d agoneutral
How major US stock indexes fared Wednesday 5/13/2026

A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation. The Dow Jones Industrial Average dipped 0.1%, and the Nasdaq composite climbed 1.2% to its own record. Nvidia and other tech stocks led the way, a day after stumbling in an industrywide swoon.

Reuters115d agoneutral
Trump Mobile starts shipping US-assembled T1 phones after months-long delay

Trump Mobile said on Wednesday it has begun shipping its long-delayed $499 T1 smartphones to customers, several months after the gold-colored ‌device was originally slated for release in August. The mobile venture, launched in June ‌last year by the Trump Organization under a trademark licensing arrangement, had pushed back the T1 phone's release ​first to October and later to this week, amid questions over the feasibility of manufacturing a low-cost smartphone in the United States. "Phones that were pre-ordered are starting to be delivered to customers this week," Trump Mobile CEO Pat O'Brien said in a statement to Reuters.

Exclusive-Microsoft eyeing startup deals for life after OpenAI
Reuters115d agoneutral
Exclusive-Microsoft eyeing startup deals for life after OpenAI

Microsoft is shopping for artificial-intelligence startups as the software company prepares for a future independent of its once-vital partner OpenAI, five people familiar with the matter said. This spring, ‌Microsoft weighed acquiring code-generation startup Cursor, four people said. Microsoft is in discussions with Inception, a small startup built by a Stanford University team focused on a different method of developing large language models, three people familiar with the matter said.

Alibaba Group Q4 Earnings Call Highlights
MarketBeat115d agoneutral
Alibaba Group Q4 Earnings Call Highlights

Alibaba Group (NYSE:BABA) said its stepped-up investments in artificial intelligence, cloud computing and consumption businesses are beginning to translate into faster revenue growth, even as those investments weighed heavily on adjusted earnings and free cash flow in the March quarter. On the comp

Nvidia Chips, Boeing Jets: Stock Traders Eye Trump in China
Bloomberg115d agoneutral
Nvidia Chips, Boeing Jets: Stock Traders Eye Trump in China

(Bloomberg) -- An upcoming meeting between US President Donald Trump and his Chinese counterpart Xi Jinping could be the next test for stocks that are clocking one record after the next. Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in LimboSome of the chief executives who are attendi

Morgan Stanley Lifts S&P 500 Target
The Wall Street Journal115d agoneutral
Morgan Stanley Lifts S&P 500 Target

Morgan Stanley raised its annual target for the S&P 500 on Wednesday, citing a strong earnings environment and advances in artificial intelligence. The bank now expects the S&P 500 to reach 8000 at the end of the year, up from 7800 previously.

Intel just broke a 26-year curse
TheStreet115d agoneutral
Intel just broke a 26-year curse

For the first time since the dot-com bubble, Intel is back at the top. The chipmaker's stock just hit a fresh all-time high of $133. That milestone capped a run that few on Wall Street would have predicted even a year ago, allowing Intel's stock to finally push above its August 2000 peak. Intel ...

Bloomberg115d agoneutral
Musk’s xAI Races to Get Wall Street Firms to Use Grok Chatbot

(Bloomberg) -- Elon Musk’s xAI has recruited multiple Wall Street firms with ties to the billionaire’s business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX’s initial public offering.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands

Bloomberg115d agoneutral
Musk’s xAI Races to Get Wall Street Firms to Use Grok Chatbot

(Bloomberg) -- Elon Musk’s xAI has recruited multiple Wall Street firms with ties to the billionaire’s business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX’s initial public offering.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueInside a Yea

Broadcom Enters Earnings As Citi's Top Semiconductor Pick
Benzinga115d agoneutral
Broadcom Enters Earnings As Citi's Top Semiconductor Pick

The question surrounding Broadcom (NASDAQ:AVGO) heading into its next earnings report is not whether the company belongs among the AI trade’s biggest winners. That debate ended a long time ago. The more pressing question is whether a business already generating tens of billions in AI-related revenue can keep growing fast enough to justify a valuation that has briefly crossed $2 trillion. Citi’s answer, for now, is yes. Analyst Atif Malik raised his price target on the stock from $475 to $500 on

AI In Focus As Top CEOs Head To China For Trade Summit
Bloomberg115d agoneutralVIDEO
AI In Focus As Top CEOs Head To China For Trade Summit

US business leaders including Apple Inc.'s Tim Cook and Tesla Inc.'s Elon Musk on Trump's first overseas trip since waging war in the Middle East a 36-hour visit with Xi Jinping that's expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he's identified as a $50 billion opportunity. Bloomberg's Ed Ludlow joins Bloomberg Businessweek Daily to discuss.