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Apple raised prices on MacBook and iPad models Thursday, citing a surge in memory and storage costs driven by AI data center demand, while warning that further increases are likely ahead.
42 DAYS AGO
SK Hynix shares surged 11% on Thursday after the South Korean chipmaker filed plans to raise as much as $29.4 billion through a Nasdaq ADR listing, with trading expected to begin July 10.
43 DAYS AGO
Nvidia CEO Jensen Huang said at the company's annual stockholder meeting that smuggled-chip AI data centers are a "dead end," while reaffirming that national security takes precedence over commercial opportunity in restricted markets like China.
43 DAYS AGO
Oracle cut 21,000 jobs — nearly 13% of its workforce — over the past year, citing AI deployment, while spending $1.8 billion on restructuring costs as it races to build out AI infrastructure.
44 DAYS AGO
Amazon's four-day Prime Day sale begins June 23, with Emarketer projecting U.S. sales of $15.6 billion — a 7.1% year-over-year gain — as inflation shifts shoppers' focus from electronics to groceries and everyday essentials.
45 DAYS AGO
The FTC sued Meta in 2020, alleging the company unlawfully cemented monopoly power through its acquisitions of Instagram and WhatsApp. But in November, U.S. District Judge James Boasberg ruled against the agency, concluding that Meta competes in a broader market that includes platforms such as TikTok and YouTube.
198 DAYS AGO
Gross domestic product rose at an annualized rate of 4.3% from July through September, well above the 3.2% increase economists had forecast, the Commerce Department said in its initial estimate of third-quarter growth.
226 DAYS AGO
In a post on X, the company said its GPUs remain “a generation ahead of the industry” and emphasized that Nvidia is the only platform that runs every major AI model across all computing environments.
254 DAYS AGO
The new flagship model is built for coding, computer use, and high-complexity enterprise work, targeting professional developers, data analysts, consultants, accountants, and other heavy productivity users.
255 DAYS AGO
A bipartisan super PAC backed by tech leaders including OpenAI President Greg Brockman, Palantir co-founder Joe Lonsdale, Andreessen Horowitz, and Perplexity is targeting congressional candidate Alex Bores over his support for the Responsible AI Safety and Education (RAISE) Act.
255 DAYS AGO
Dow futures ticked up roughly 0.1%, while S&P 500 futures slipped 0.1%. Nasdaq-100 futures fell nearly 0.3% as traders continued rotating out of megacap tech.
259 DAYS AGO
Jeff Bezos is getting back into the startup trenches. According to a report from _The New York Times_, the Amazon founder is taking on a hands-on role as co-CEO of Project Prometheus, a newly launched AI startup that has already secured an eye-popping $6.2 billion in funding.
262 DAYS AGO
The cybersecurity giant unveiled its new system, Cortex AgentiX, on Tuesday. The AI agents can autonomously handle investigations, respond to email breaches, and coordinate threat intelligence across multiple security vendors.
276 DAYS AGO
According to a new filing released Friday, the Palo Alto–based company plans to list on the Nasdaq under the ticker “NAVN.” The IPO marks another sign of life in the tech markets, joining recent offerings from CoreWeave, Circle, and Figma, which have helped revive a moribund IPO landscape after a three-year lull.
300 DAYS AGO
Nvidia said it will purchase shares at $23.28 each as part of an agreement to co-develop data center and PC chips with Intel. The deal does not include the manufacturing of Nvidia chips in Intel’s foundries.
322 DAYS AGO
The electric vehicle maker endured its worst first quarter since 2022, with shares plunging on the heels of President Donald Trump’s new tariff plans announced in early April. The stock bottomed at $221.86 on April 4, leaving Wall Street questioning Tesla’s momentum.
325 DAYS AGO
The disclosure, made in a regulatory filing, outlined that Nvidia will be obligated to purchase CoreWeave’s residual unsold GPU capacity through April 2032. A copy of the agreement will be released with the company’s third-quarter financial results.
325 DAYS AGO
Founded a decade ago, Lendbuzz specializes in serving borrowers with limited credit history by using alternative data and machine learning to assess risk.
328 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.