Meta Platforms (META) shares are in the spotlight on July 17th following reports that the tech giant is in preliminary discussions to lease out its computing infrastructure to AI research lab Anthropic.The blockbuster deal rumoured to be worth up to $10 billion arrives at a time when Meta sits firmly…
Advanced Micro Devices (NASDAQ: AMD) shares fell 1.19% on Friday even as investors looked ahead to the chipmaker’s Advancing AI 2026 event next week in San Francisco.Analysts expect the company to unveil new artificial intelligence products, customer wins, and long-term growth plans in the event.The event marks AMD’s first dedicated…
On Friday, Chinese AI startup Moonshot sparked a fresh selloff in global semiconductor stocks after unveiling its latest Kimi K3 model. Apple reclaimed its position as the world’s most valuable publicly traded company briefly before Nvidia went back to the top place. Meanwhile, oil prices surged as the US and…
Microsoft (NASDAQ: MSFT) shares fell 1.5% on Friday, extending a difficult year for the software giant as investors continued to weigh heavy artificial intelligence spending against the company’s long-term growth prospects.The stock has declined more than 20% in 2026 and nearly 23% over the past year, even as Microsoft has…
US stocks closed lower on Friday, capping a weak week for Wall Street as a deepening selloff in semiconductor stocks and renewed concerns over artificial intelligence spending weighed on investor sentiment. The decline came despite a strong start to the second-quarter earnings season, with rising geopolitical tensions in the Middle…
Some of Wall Street’s fastest-growing companies are turning expansion into something more tangible: cash. Nvidia, Micron Technology, CrowdStrike and Palo Alto Networks have each reported sharp increases in operating or free cash flow while management or analysts lifted profit forecasts. That combination provides stronger confirmation than an earnings beat alone…
Wall Street’s biggest banks are proving that even geopolitical uncertainty and volatile markets can be highly profitable when trading desks stay busy and artificial intelligence fuels an unprecedented wave of capital raising.The six largest US banks generated a combined $55 billion in second-quarter profits, comfortably exceeding analysts’ expectations as market…
Amazon stock has struggled to keep pace with the broader market this year as investor sentiment toward hyperscalers has cooled. AMZN is up about 8% year to date and just 10% over the past 12 months, lagging many large-cap peers. However, the stock could regain momentum later this year if investors…
Top neocloud stocks are in a freefall, erasing billions of dollars in value as concerns about AI spending emerge. IREN stock dropped to $33.61, its lowest level since April 7, and 52% below its highest point this year. Its valuation has fallen from $24 billion to $12.4 billion.CoreWeave, the biggest player…
Bloom Energy stock is moving from bad to worse as it crashed to $206, its lowest level since April last year. BE has slumped by over 40% from its all-time high as concerns about its valuation and the data center industry remained. This retreat has seen its market capitalization fall…