Alibaba‘s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to […]
Alibaba shares rise over 6% after CEO unveils plans to boost AI spending Read More »
A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025. Justin Sullivan | Getty Images Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter. The stock rose in extended trading. Here’s how the company did in comparison with
Micron beats on earnings as company sales rise 46% on AI boom Read More »
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Amazon plans to close all of its Fresh supermarkets in the U.K., in the latest recalibration of its grocery strategy. The company said in a Tuesday blog that it’s preparing to close all 19
Amazon to close all of its Fresh grocery stores in UK Read More »
Bloomberg | Bloomberg | Getty Images Amazon and the Federal Trade Commission are squaring off in a long-awaited trial over whether the company duped users into paying for Prime memberships. The lawsuit, filed by the FTC in June 2023 under the Biden administration, alleges that Amazon deceived tens of millions of customers into signing up
Amazon faces off against FTC over ‘deceptive’ Prime program Read More »
U.S. President Donald Trump’s plans to place $100,000 fees on H-1B visa applications will disproportionately harm America’s startup space, founders and venture capitalists told CNBC this week. H-1B visas — which allow companies to temporarily hire foreign workers in skilled occupations such as IT, healthcare and engineering — were already difficult to secure for U.S. startups,
Startups and founders could be hardest hit by $100,000 H-1B visas Read More »
Nurphoto | Nurphoto | Getty Images Major global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI. The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5
Nvidia and OpenAI’s $100-billion deal sparks global chip stock rally Read More »
A robotic machine manufactures a semiconductor chip at a stall to show investors during The Advantage Assam 2.0 Investment Summit in Guwahati, India, on Feb. 25, 2025. Nurphoto | Nurphoto | Getty Images India wants to become a global chip major, but the odds are steep: competition is fierce, and India is a late entrant
India is betting $18 billion to build a chip powerhouse. Here’s what it means Read More »
Nvidia will invest $100 billion in OpenAI as the artificial intelligence lab sets out to build hundreds of billions of Dollars in data centers based around the chipmaker’s AI processors, the companies said on Monday. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, the companies said on Monday. A
Nvidia plans to invest up to $100 billion in OpenAI as part of data center buildout Read More »
Apple CEO Tim Cook joins Apple employees at the Apple store as customers line up for the release of Apple new iPhone 17 models in New York on Sept. 19, 2025. Angela Weiss | AFP | Getty Images Apple shares have rallied in the two days since the company released new iPhones, and the stock
Apple’s stock turns positive for year after iPhone 17 launch Read More »
The Oracle headquarters in Austin, Texas, on April 24, 2024. Brandon Bell | Getty Images Oracle is promoting its presidents of cloud infrastructure, Clay Magouyrk, and industries, Mike Sicilia, to co-CEOs, the company announced Monday. Safra Catz, the software giant’s current CEO, will serve as executive vice chair on the company board. Oracle has been
Oracle names Clay Magouyrk and Mike Sicilia as co-CEOs Read More »
