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Nvidia forecasts first-quarter sales above estimates
Nvidia forecasts first-quarter revenue of $78 billion, surpassing estimates, driven by strong demand for AI processors amid Big Tech's heavy investments.
Wall Street ends higher after Supreme Court rules against Trump tariffs
U.S. stocks gained as the Supreme Court ruled 6-3 against Trump's global tariffs, easing market uncertainty and boosting major companies like Alphabet and Amazon.
Blackstone boosts stake in AI startup Anthropic to about $1B, source says
Blackstone is boosting its investment in Anthropic to about $1 billion, valuing the Claude chatbot maker at roughly $350 billion as investor appetite for leading generative AI companies remains strong.
Google sued by Autodesk over AI-powered movie-making software
Autodesk sued Google, alleging trademark infringement over Flow AI software used in film, TV and video games.
Wall Street ends sharply down as AI worries weigh
U.S. stocks fell sharply as heavy AI spending plans from Alphabet and Big Tech reignited fears over profits and valuations.
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
Alphabet is emerging as an AI leader, but investor worries rose after Google said it could spend up to $185B this year.
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes.
Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
Jan 12 (Reuters) – Alphabet hit a $4 trillion market valuation on Monday, as the Google parent’s sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. The tech giant on Wednesday surpassed Apple in market capitalization for the first time since 2019, becoming the […]
S&P 500 reaches record high as AI trade returns
The S&P 500 hit a record high as Nvidia, Alphabet and other AI stocks climbed, while the Dow fell on JPMorgan losses.
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Dec 22 (Reuters) – Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle to […]
Stocks climb on hopes for lower interest rates as Dow rallies 660 points
US stocks climbed as bond yields eased and traders priced in strong odds of a December Fed rate cut. Retailers and small-cap stocks led broad market gains.
Stocks rally ahead of Thanksgiving on Fed rate-cut hopes, AI surge
U.S. stocks climbed Monday as investors bet on a December Fed rate cut and AI giants boosted the market ahead of the Thanksgiving holiday.
