Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025. Brian Snyder | Reuters It’s been a painful year so far for megacap technology giants known as the “Magnificent Seven” and 2025 is only getting started. Six members of the group are already tracking for […]
The Magnificent 7’s lousy year, by the numbers Read More »
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Elon Musk received a court summons last week in connection
A Tesla store in Alhambra, California on March 11, 2025. Frederic J. Brown | AFP | Getty Images As Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car shopping site Edmunds. The data from Edmunds published
Tesla owners are trading in their EVs at record levels, Edmunds says Read More »
Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024. David Paul Morris | Bloomberg | Getty Images Micron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts’ estimates and offered better-than-expected guidance. Here’s how the company did: Earnings per share: $1.56, adjusted vs. $1.42
Micron shares jump on earnings beat, rosy guidance as data center revenue triples Read More »
A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. Leah Millis | Reuters Sovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment partnership dedicated to increasing power generation, primarily in the
Nvidia CEO Jensen Huang interviews executives from quantum computing firms at Nvidia’s annual developer conference in San Jose, California, U.S., March 20, 2025. Stephen Nellis | Reuters Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the
Tesla vehicles, including a Cybertruck, at left, are parked in front of the White House in Washington, March 11, 2025. Kevin Lamarque | Reuters Tesla is recalling more than 46,000 of its Cybertrucks due to a cosmetic exterior trim panel that it said can “delaminate and detach from the vehicle,” potentially becoming a road hazard
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Klarna, the buy now, pay later lender that’s headed for an initial public offering, said on Thursday that it’s signed on DoorDash as a partner, another sign of
Klarna lands buy now, pay later deal with DoorDash, notching another win ahead of IPO Read More »
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 SoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion. The Japanese giant expects the deal to close
SoftBank to acquire chip designer Ampere in $6.5 billion deal Read More »
Nvidia CEO Jensen Huang introduces new products as he delivers the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025. Josh Edelson | AFP | Getty Images At the end of Nvidia CEO Jensen Huang’s unscripted two-hour keynote on Tuesday, his message was clear: Get the fastest chips that
Nvidia’s Huang says faster chips are the best way to reduce AI costs Read More »
