Goldman Sachs NYSE:GS strategists have projected another strong earnings season for US companies, with the AI investment boom and windfall energy profits potentially driving the next major test for the market. Analysts expect S&P 500 (SPY) earnings to rise 22% in the second quarter, a hurdle Goldma…
Oracle (ORCL, Financials) is adding more AI tools to its cloud supply chain platform. The company launched four Fusion Agentic Applications for Oracle Fusion Cloud Supply Chain & Manufacturing. The new tools cover inventory planning, supplier qualification, production readiness and Kanban administr…
Comcast NASDAQ:CMCSA shares surged more than 20% in premarket trading after the company announced plans to separate NBCUniversal and Sky into a new publicly traded company, a move that could help investors reassess the value of its media assets and core connectivity business.The new NBCUniversal wi…
Palantir Technologies NASDAQ:PLTR rose 3.85% intraday after the data analytics company announced a strategic initiative with Nvidia NASDAQ:NVDA to deploy Nemotron open models inside U.S. government agencies and critical infrastructure, where classified, air-gapped, and sensitive environments requir…
Apple (AAPL, Financials) is getting fresh attention as it looks for ways to manage rising memory costs. Loop Capital kept its Buy rating on the stock, saying reports that Apple is exploring Chinese memory supply fit with the firm's earlier research.The Financial Times recently reported that Apple h…
Bit Origin NASDAQ:BTOG slid about 15% on Monday after the company disclosed an acquisition of roughly $11 million worth of Nvidia Blackwell B300 AI infrastructure.The Singapore-based company said the transaction includes 16 Nvidia Blackwell B300 AI servers that are expected to arrive during the thi…
ServiceNow (NOW, Financials) and Accenture are expanding their partnership with new AI-powered cybersecurity services for large businesses.The offering combines Accenture's managed security experience with the ServiceNow AI Platform. It includes tools for integrated risk management, third-party ris…
Rocket Lab NASDAQ:RKLB has agreed to acquire Iridium Communications NASDAQ:IRDM in a cash-and-stock transaction that could give the space company a much bigger role in satellite communications. Iridium shareholders will receive $27 in cash plus Rocket Lab shares based on an exchange ratio, valuing…
Alphabet (GOOG) shares climbed about 3% on Monday as the Google parent joined the Dow Jones Industrial Average, replacing Verizon Communications,Alphabet gained ground despite a recent pullback that saw the stock lose roughly 10% over the past month. The move came alongside a broader rebound in lar…
Rocket Lab NASDAQ:RKLB shares climbed nearly 10% on Monday after the space company agreed to acquire Iridium Communications (IRDM) in a transaction valued at about $8 billion, according to a Monday press release.Under the terms of the agreement, Iridium shareholders will receive $54 per share, cons…
Micron Technology NASDAQ:MU and Intel NASDAQ:INTC led semiconductor stocks lower on Monday as the sector continued its downward trend following last week's selloff.The broader market indices traded higher by mid-morning, supported by de-escalation in U.S.-Iran tensions. However, chip stocks remaine…
Palantir Technologies (PLTR, Financials) is adding two new pieces to its commercial AI strategy. The company said it is working with Nvidia to run Nemotron open AI models inside secure environments for U.S. government agencies and critical infrastructure customers.The goal is to let customers use l…
Amazon NASDAQ:AMZN is raising prices for GPU rental capacity on AWS, a sign that demand for AI computing power remains tight across key cloud regions, according to Seeking Alpha.AWS said new EC2 Capacity Blocks for machine learning pricing will take effect July 1, covering several Nvidia (NVDA) GPU…
Baidu NASDAQ:BIDU shares rose about 7% in Hong Kong on Monday after a report said its AI chip unit Kunlunxin is targeting a Hong Kong IPO at a valuation of about $50 billion.According to The Information, Kunlunxin is seeking that valuation for its planned listing and has asked prospective investors…
Toyota Motor NYSE:TM reported its fourth straight monthly sales decline in May, as weakness in China and the Middle East outweighed stronger demand at home in Japan.Global sales fell 7.2% year over year to 834,279 vehicles. Overseas sales dropped 9.6%, while sales in Japan rose 11.1%, helped by dem…
Apple (AAPL, Financials) and Microsoft (MSFT, Financials) are starting to pass higher memory costs on to customers.The reason is the AI boom. Data centers need more memory chips, and that has tightened supply across the electronics market.Apple raised prices on some iPads and Macs. Microsoft also l…
Comcast (CMCSA, Financials) shares jumped after the company said it will split its media and technology businesses into two publicly traded companies.The plan will separate NBCUniversal and Sky from Comcast through a tax-free spin-off. Comcast shareholders will own shares in both companies after th…
Nvidia (NVDA, Financials) is expanding its reach in AI infrastructure through a new partnership with Australia's Firmus Technologies.Firmus said it will buy Nvidia systems and sell Nvidia-powered cloud services to AI companies that need access to computing power. The goal is to make high-end infras…
Rocket Lab NASDAQ:RKLB rose 11.78% in premarket after the company announced a definitive agreement to acquire Iridium Communications NASDAQ:IRDM for $54 per share in a cash and stock transaction, implying an enterprise value of approximately $8 billion. Iridium shareholders will receive $27 in cash…
Tesla (TSLA, Financials) is set to release its second-quarter delivery numbers this week, with investors watching closely to see whether improving demand overseas can make up for slower sales in the U.S.Barclays expects the electric vehicle maker to deliver about 418,000 vehicles, ahead of the Wall…
