Microsoft MSFT shares slid to a 52-week low of $349.20 on June 25, extending a decline tied largely to the scale of the company's ongoing investment in artificial intelligence infrastructure. The selloff reflects continued investor scrutiny of capital spending set at roughly $190 billion for calend…
As AI adoption accelerates, cloud providers need intelligent infrastructure, security, operational efficiency and developer-friendly experiences. Addressing these evolving needs, Nebius Group N.V. NBIS has unveiled Nebius AI Cloud Aether 3.6, a wide range of enhancements focused on developer produc…
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…
Wedbush’s Global Head of Tech Research, Dan Ives, said Monday that the sell-off in Microsoft Corp. (MSFT) and Oracle Corp. (ORCL) is overdone.During an interview with CNBC, Ives added that he sees a silver lining emerging for Big Tech companies over the next six to nine months, and that Microsoft a…
By Aditya SoniSilicon Valley's powerful and pricey AI models have been a necessity for businesses looking to future-proof themselves. But now a growing number of tech CEOs are arguing that cheaper options would be crucial for their wider adoption.Top executives such as Microsoft's NASDAQ:MSFT Satya…
By Amanda StephensonCanada's Deep Sky became the first North American company to deliver verified carbon removal credits from direct air capture technology, announcing on Monday it provided credits to Microsoft NASDAQ:MSFT and Royal Bank of Canada TSX:RY.DAC differs from the more established carbon…
By Caroline Valetkevitch and Karen BrettellThe U.S. economy and the U.S. stock market are starting to go their own ways.An eventful June featuring the launch of the record-busting SpaceX NASDAQ:SPCX IPO and Federal Reserve chief Kevin Warsh's first meeting has been full of contradictions.U.S. econo…
Software stocks rebounded sharply on Friday, with ServiceNow, Inc. emerging as one of the top gainers in the S&P 500, and extended gains in overnight trading as investors took profits in red-hot chip stocks and weighed the implications of reports that OpenAI may delay its initial public offering.Se…
The artificial intelligence investment cycle exposed a widening gap across the technology sector last week. While semiconductor companies supplying AI infrastructure benefited from soaring demand, consumer technology firms faced mounting cost pressures, weaker investor sentiment and concerns over f…
By Kumar Tanishk and Yantoultra NguiChinese self-driving technology firm Momenta Global (6880.HK) launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$5.89 billion ($751.1 million), according to its prospectus.The launch confirms a Reuters report last week that Moment…
The artificial intelligence boom has long been pitched as a transformative force that would boost productivity and eventually lower costs across the economy.But this week, investors were confronted with a less discussed consequence of the AI race: higher prices.Apple and Microsoft both announced pr…
Wedbush says MSFT shares fell on higher AI-related capital spending; firm views the pullback as a potential long-term buy, citing AI investment as a driver of future growth.Microso
The S&P 500 Index AMEX:SPY on Friday closed down -0.05%, the Dow Jones Industrial Average AMEX:DIA closed down -0.09%, and the Nasdaq 100 Index NASDAQ:QQQ closed down -1.09%. September E-mini S&P futures (ESU26) fell -0.12%, and September E-mini Nasdaq futures (NQU26) fell -1.19%.Stock indexes sett…
