Tech Stocks Retreat on Concerns over AI Spending, Valuations
Plus, SpaceX shares snap losing streak and Oracle puts a number on layoffs.
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Plus, SpaceX shares snap losing streak and Oracle puts a number on layoffs.
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin-off.
FedEx Corp. reported profit that beat Wall Street's expectations as the courier navigated tumultuous trade policies and rising costs that have buffeted the...
FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the fourth quarter ended May 31 (adjusted measures exclude the items listed...
Investors are selling off AI-related stocks as doubts are starting to surface over whether the massive spending on AI is worth the investment and whether...
The app would be independent of Meta's other social media offerings, although sources told the NYT that those social sites could direct users to engagement...
Alphabet stock falls as the tech selloff accelerates and Wall Street questions whether Google brain drain hurts its AI ambitions.
Tesla is pushing back on claims that its Full Self-Driving technology contributed to a Texas crash that killed a 76-year-old woman after a Model 3 plowed...
Meta $META CEO Mark Zuckerberg has directed a small team to build a prediction markets app, sending shares of DraftKings and Robinhood lower after the plans...
Shares headed higher on Tuesday after a brief slide earlier in the day drove the space exploration-and-AI company below a $2 trillion market cap.
China's LineShine supercomputer surpasses El Capitan for world's fastest on the TOP500 List, the first time since 2020 a U.S. system lost the crown.
The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena."
Oracle has quietly axed 21,000 workers in a massive jobs bloodbath as it pours billions into artificial intelligence, all while admitting the technology is...
China's fully domestically developed "LineShine" supercomputer ranked first on the global TOP500 list with a sustained double-precision performance of...
Anthropic is introducing a new service called Claude Tag, an “always-on Claude” that lives in Slack and acts as an AI teammate.
Prominent index funds from Vanguard and BlackRock now hold shares in SpaceX, meaning many investors who didn't buy the stock now have some exposure to it.
The experimental app, internally called “Arena,” would be independent of Facebook and Instagram. It could compete for attention with Polymarket and Kalshi,...
OpenAI leaders descend on Cannes Lions to pitch the next big ad platform. Also: Snap and Meta court big celebs to endorse their smart glasses, AI news,...
The Trump administration signs two executive orders fast-tracking quantum-computing development.
Investors are starting to rethink the tech trade after massive second-quarter gains.