115 articles tagged
Bitcoin miner Cipher Mining's stock surged over 30% after securing a 15-year, $5.5 billion deal to provide AI computing infrastructure for Amazon Web Services.
Amazon shares surged to a record high of $255 after the company announced a seven-year, $38 billion cloud computing deal with artificial intelligence firm OpenAI.
Palantir's stock has hit a record high, fueled by investor optimism ahead of earnings, despite Wall Street analysts raising alarms over its extreme valuation.
Asian stocks climbed on Monday, buoyed by a U.S.-China trade truce and AI investment, but gains were tempered by a strengthening dollar after hawkish Fed comments.
S&P 500 forward earnings per share have climbed to a new record high, nearing $300, propelled by the dominant performance of the "Magnificent 7" tech companies.
Adobe CEO Shantanu Narayen says the company's stock is undervalued, arguing the market is too focused on AI hardware and is overlooking software's long-term potential.
Global Tech Ventures has announced a major strategic pivot, revealing plans to spin off its legacy enterprise software division into a new independent company.
Palantir's stock rose about 4% as the market awaits its Q3 earnings on Nov. 3. Investors are focused on AI-driven growth and commercial sector expansion.
The Vanguard Information Technology ETF (VGT) has posted a 23% year-to-date return, outpacing the S&P 500 by leveraging a heavy concentration in AI leaders.
Amazon's stock surged over 10% after its Q3 earnings beat expectations, driven by a surprise 20% growth in its AWS cloud division to $33 billion in sales.
A turbulent day on Wall Street saw tech and industrial giants like Nvidia and Caterpillar surge, while companies like Fiserv and Varonis plummeted on weak guidance.
Technology and semiconductor ETFs are experiencing strong growth, with the QQQ up 24% and the SMH up 49% year-to-date, driven by AI optimism and solid earnings.
