Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
CXMT returns to profit as DRAM prices surge, warns of supply risks
CXMT, China's biggest chipmaker by market value, returned to profit in the first half as DRAM prices climbed. It expects the global shortage
Musk Pulls SpaceX Revenue Target Forward to 2033
Elon Musk predicts SpaceX could reach $3.5 trillion in annual revenue by 2033, pulling forward Morgan Stanley's 2040 forecast. The projectio
SoftBank seeks $10 billion OpenAI-backed loan to refinance debt
SoftBank is pitching a $10 billion, two-year refinancing loan backed by its stake in OpenAI, according to Bloomberg. The loan, priced at abo
Anthropic shifts from buying AI chip startup MatX to partnering
Anthropic reportedly considered buying AI chip startup MatX for about $7 billion, but talks have shifted to a partnership. The Claude maker
Meta's teen-safety deal ties $5.3B to rivals' cooperation
Meta's $18 billion teen-safety settlement with US states includes a $5.3 billion portion tied to rivals like TikTok and YouTube adopting sim
Anthropic weighs custom AI chips after MatX deal talks stall
Anthropic reportedly considered acquiring AI chip startup MatX for about $7 billion, but the conversation has turned toward a partnership. T
Veeva's Vault CRM migration could extend services revenue run
Truist Securities expects Veeva's Vault CRM migration cycle to keep services demand elevated for another six to eight months. With top-20 cu
Anthropic's IPO may let early investors sell shares sooner
Anthropic may go public as soon as late September or early October. The AI firm could let some existing shareholders sell stock in the IPO,
Nvidia's blockbuster results lift its stock, but tech rally stays muted
Nvidia's blockbuster results and a rare year-ahead forecast sent its shares flying on Thursday, but the rest of tech barely moved. The AI ch
AI self-regulation plan stalls as chip tariffs threaten tech costs
The Trump administration's plan for an AI self-regulator is stuck awaiting senior buy-in, even as officials consider broad semiconductor tar
Nvidia's Strong Forecast Lifts US Stocks, AI Rally Continues
Nvidia's blowout quarter and bold outlook, plus upbeat forecasts from Salesforce and CrowdStrike, lifted US stocks on Thursday. The AI boom
Braze AI demand lifts Oppenheimer's target to $36 ahead of Q2
Oppenheimer lifted its price target on Braze to $36, expecting $220 million in fiscal Q2 revenue as AI-powered marketing tools see solid dem