Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
MediaTek commits $5B to data-center AI chips as phone sales slide
MediaTek will invest up to $5 billion in custom AI chips for data centers, aiming for more than $2 billion in revenue by 2026. The move come
US Regulators Probe Tesla Suspension Failures in 1.2 Million Vehicles
NHTSA is investigating about 1.2 million Tesla Model 3 and Model Y vehicles after 156 complaints of a suspension part detaching and affectin
MiniMax launches H3 video model in China's AI race
MiniMax, a Shanghai-based AI startup, has launched H3, a video-generation model capable of 15-second 2K clips with stereo sound. The company
China tech stocks rally on policy pledges despite weak factory data
Mainland tech indexes rallied Friday after policymakers pledged breakthroughs in frontier technologies. The gains came despite a soft July f
Apple beats earnings estimates but stock dips on supply and services concerns
Apple reported a strong quarter driven by iPhone and Mac sales, beating revenue estimates. However, the stock dipped 2.6% after hours as sup
Roblox age checks weigh on bookings as growth slows
Roblox expects third-quarter bookings of $1.58-1.65 billion, missing analyst estimates of $1.77 billion. The company says stricter age verif
Reddit raises revenue forecast as AI ad tools offset slower user growth
Reddit guided third-quarter revenue to $860-870 million, topping Wall Street forecasts. The growth came from AI-powered ad tools, even as US
AWS revenue surge signals AI spending is starting to pay off for Amazon
Amazon's cloud unit AWS posted a 37% revenue jump to $42.2 billion, topping analyst forecasts. The strong growth suggests that the billions
US CHIPS Act targets $874 million at smaller AI chip suppliers
The US Commerce Department is allocating $874 million in CHIPS Act support to seven smaller semiconductor tech firms, taking minority equity
Chip stocks surge as Microsoft's strong results ease AI spending fears
Chip stocks surged Thursday as Microsoft's better-than-expected results reassured investors about AI spending. Meta fell on a softer outlook
Google backs $15 billion AI data center project in Texas with Anthropic deal
Nexis Data Centers is lining up $15 billion for an AI-focused campus in Texas. Google is helping fund the deal by backing payments from Anth
CoreWeave Q2 revenue likely near top of guidance, Oppenheimer says
Oppenheimer analysts predict CoreWeave's Q2 revenue will land near the top of its guidance range, easing investor worries about AI data-cent