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SoftBank Group shares plunge over 9% as Asian tech stocks decline

SoftBank Group shares plunge over 9% as Asian tech stocks decline

Finance News

The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.  Kazuhiro Nogi | Afp | Getty Images Shares of SoftBank Group plunged as much as 9.17% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight. The Japanese tech-focused investment firm saw shares drop […]

SoftBank Group shares plunge over 9% as Asian tech stocks decline Read More »

Palantir stock slumps 9%, falling for a fifth-straight day from record

Palantir stock slumps 9%, falling for a fifth-straight day from record

Finance News

CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025. Andrew Caballero-reynolds | Afp | Getty Images Palantir‘s stock slumped more than 9% on Tuesday, falling for a fifth-straight day to continue its pullback from all-time highs. The

Palantir stock slumps 9%, falling for a fifth-straight day from record Read More »

Lutnick says Intel has to give government equity in return for CHIPS Act funds

Lutnick says Intel has to give government equity in return for CHIPS Act funds

Finance News

Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds. “We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street” Tuesday. “So we’ll deliver the money, which was already committed under the Biden

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Nvidia says it’s evaluating a ‘variety of products’ after report of new AI China chip

Nvidia says it’s evaluating a ‘variety of products’ after report of new AI China chip

Finance News

The Nvidia booth at the China International Supply Chain Expo in Beijing on July 16, 2025. Florence Lo | Reuters Nvidia said Tuesday that it is evaluating several products following a report that the company is working on a new artificial intelligence chip for China that is more powerful than the currently available H20. The

Nvidia says it’s evaluating a ‘variety of products’ after report of new AI China chip Read More »

Trump administration weighs 10% stake in Intel via Chip Act grants, making government top shareholder

Trump administration weighs 10% stake in Intel via Chip Act grants, making government top shareholder

Finance News

Lip-Bu Tan, CEO of Intel, departs the White House in Washington, DC, U.S., on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images The Trump administration is discussing taking a 10% stake in Intel, according to a Bloomberg report on Tuesday, in a deal that could see the U.S. government become the chipmaker’s

Trump administration weighs 10% stake in Intel via Chip Act grants, making government top shareholder Read More »

Analysts downplay AI bubble worries as Altman says some investors will be left ‘very burnt’

Analysts downplay AI bubble worries as Altman says some investors will be left ‘very burnt’

Finance News

The artificial intelligence boom that Sam Altman helped ignite with ChatGPT in late 2022 is starting to make even him uneasy. Startups with little more than a pitch deck are raising hundreds of millions. Valuations have become “insane.” Capital is chasing a “kernel of truth” with feverish speed. The OpenAI CEO still believes the long-term

Analysts downplay AI bubble worries as Altman says some investors will be left ‘very burnt’ Read More »

Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company

Finance News

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025. Jeenah Moon | Reuters Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company

Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company Read More »

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