Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Ligent's Hong Kong IPO Surges 19% on AI Data Center Demand
Ligent Technologies' Hong Kong IPO raised HK$5.67 billion, and shares rose as much as 19.2% on their first day. The fiber-optic equipment ma
Meta's Muse revives AI trade, lifting chip stocks and Nasdaq
Meta's new Muse assistant is seeing strong early demand, reigniting the AI trade and lifting chip stocks. The Nasdaq hit a record high, with
Alibaba targets 5-10 trillion-parameter AI model, new chip, 20GW data centers
Alibaba CEO Eddie Wu unveiled plans for a 5-10 trillion-parameter AI model, a new in-house chip, and 20GW of data center capacity by 2032. T
Chip ETFs jump as Google's Gemini-ready laptops lift tech stocks
Tech stocks climbed Monday, led by chip ETFs, as Google opened pre-orders for Gemini-ready laptops. Meanwhile, Amazon blocked Meta's Muse AI
SoftBank's SB Energy pauses IPO as investors balk at $50B valuation
SoftBank's SB Energy has paused its planned IPO after investors resisted a valuation above $50 billion, according to The New York Times. The
Saudi EV Startup Ceer Unveils First Models, Targets 2027 Sales
Ceer, the Saudi EV venture backed by the Public Investment Fund and Foxconn, has unveiled its first models. The Exobot sedan and SUV are sla
Amazon blocks Meta's Muse AI shopping agent from its store
Amazon has blocked Meta's Muse AI shopping agent from accessing its store, saying third-party bots can bypass personalization and raise data
Open-weight AI models are pulling enterprise spending away from OpenAI and Anthropic
Bloomberg reports that rising AI costs are driving enterprises toward open-weight models that can be fine-tuned and run in-house. This shift
Morgan Stanley: Dell Is the 'Best Athlete' in Enterprise Hardware
Morgan Stanley says Dell is the 'best athlete' in enterprise hardware, pointing to strong AI server demand and storage share gains. The bank
AMD briefly tops $1 trillion valuation on AI systems push
AMD briefly joined the trillion-dollar club as shares hit a record $613.92. The surge comes on fresh optimism about its AI systems push and
Oura's IPO targets $15.6B valuation as smart ring maker tests IPO market
Oura, known for its health-tracking smart rings, is heading to the Nasdaq under the ticker OURA. The company seeks a $15.62 billion valuatio
Starbucks opens Chennai tech hub, plans 800 hires in India GCC push
Starbucks is setting up a global capability center in Chennai, with plans to hire about 800 tech professionals. The move highlights India's