Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
GitLab's Flex transition slows growth, BofA stays neutral at $54 target
GitLab shares jumped over 13% after BofA lifted its price target to $54, but the bank kept a neutral rating. Q3 guidance points to slower gr
Wonderful's enterprise AI OS hits $5B valuation after $550M raise
Wonderful, an enterprise AI startup, has raised $550 million at a $5 billion valuation, just months after being valued at $2 billion. The ro
Vertiv buys Utility Innovation Group to speed up AI data center power
Vertiv is buying Utility Innovation Group for $1.45 billion, with up to $1.15 billion more tied to earnings targets. The deal adds microgrid
AIG's Zaffino to lead Palantir's financial services push
AIG's Peter Zaffino is leaving the insurer to join Palantir as global head of financial services. The move signals Palantir's push into bank
Tesla's China EV sales growth slows as price war heats up
Tesla delivered 86,166 China-made vehicles in August, up 3.6% year-on-year but down from July's faster pace. Exports grew as a share of outp
AI data center boom faces skilled worker and power shortages
At a G20 meeting, Meta's Mark Zuckerberg and Tesla's Elon Musk warned that the AI data center boom is hitting real-world limits: a shortage
AI data centers hit a new bottleneck: power gear, not chips
AI data centers are hitting an unexpected speed bump: not chips, but power gear. Grid hookups, transformers, and cooling systems are now the
Dell raises AI server revenue forecast to $74 billion on strong demand
Dell Technologies raised its annual outlook again, now expecting $74 billion in fiscal 2027 revenue from AI-optimized servers, up from $60 b
Dell lifts AI server revenue forecast to $74 billion on strong demand
Dell raised its fiscal 2027 AI server revenue forecast to $74 billion and lifted its annual profit outlook after a strong second quarter. Th
Zoox and Waymo expand driverless ride-hailing to more US cities
Amazon's Zoox is testing in Houston and San Diego, while Alphabet's Waymo is opening its service to public riders in Denver, San Diego, and
CrowdStrike faces AI monetization test at Fal.Con after stock drop
CrowdStrike's stock fell 7.7% as investors await proof that its AI features can boost long-term recurring revenue. At Fal.Con, the company w
SpaceX's first public results show 92% revenue surge, but heavy spending spooks investors
SpaceX reported its first public results last month, with revenue up 92% to $7.8 billion. But its massive spending plans gave investors paus