Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Bank of America Extends $520 Million Credit Line to OpenAI Ahead of IPO
Bank of America has opened a $520 million credit line for OpenAI, making it one of the AI company's largest lenders. The move comes as OpenA
UBS: Starship Could Turn SpaceX Into an AI Infrastructure Giant Worth $660B by 2031
UBS kicked off coverage of SpaceX, saying Starship is more than a rocket—it's the key to launch dominance, cheaper Starlink upgrades, and ev
HPQ Silicon's Fumed Silica Reactor Moves Past Pilot Phase Toward Commercial Deployment
HPQ Silicon's fumed silica reactor has cleared pilot validation and entered project-specific engineering for commercial rollout. Partner Pyr
Morgan Stanley Warns Logitech Revenue Could Miss Estimates as PC Demand Weakens
Morgan Stanley warns Logitech's fiscal 2027-2028 revenue could be more than 5% below consensus as weaker PC shipments hurt accessories and g
Allianz Partners to Cut Up to 1,800 Jobs in Europe as AI Reshapes Travel Insurance
Allianz Partners, the travel insurance and assistance arm of Allianz, plans to cut 1,500-1,800 jobs across Europe as it integrates more AI.
Tech Stocks Dip as Palantir, Meta, and Salesforce News Fails to Lift Sector
Tech stocks fell in premarket trading Wednesday, overshadowing positive news from Palantir, Meta, and Salesforce. Sector-wide weakness sugge
Nexchip Semiconductor Prices Hong Kong IPO at Top of Range, Raising $6.98 Billion
Nexchip Semiconductor has priced its Hong Kong IPO at the top of its range, aiming to raise about HK$6.98 billion. The partially state-owned
Chinese AI Startup MiniMax Builds 2.7 Trillion-Parameter Model, Challenging Global Leaders
Chinese AI startup MiniMax is building a massive 2.7 trillion-parameter open-weight model, potentially arriving by Q3. This would surpass ex
BofA Sees Aixtron's Opto Orders Holding Up in Q2, But Bottlenecks Loom
Bank of America forecasts Aixtron's Q2 orders at €189 million, slightly above consensus, driven by optoelectronics. However, delivery delays
AI Chip Startup SambaNova Raises $1 Billion at $11 Billion Valuation, JPMorgan Signs On
SambaNova raised $1 billion at an $11 billion valuation to expand its AI inference infrastructure. The company says JPMorgan has chosen its
Apple and Broadcom Sign $30 Billion Chip Deal Through 2031, Expand Colorado Factory
Apple and Broadcom have signed a long-term chip supply agreement worth over $30 billion, running through 2031. The deal includes a $1.5 bill
Meta Tests AI Glasses That Could Record Without Visible Indicator, Raising Privacy Concerns
Meta is testing AI-powered glasses that can capture audio and video without the standard LED recording indicator. The feature could roll out