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SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet
SoftBank booked a yearly gain of $46 billion at its Vision Fund driven in large part by the huge rise in value of its investment in OpenAI.
Google races to put Gemini at the center of Android before Apple’s AI reboot
Google is using its latest Android rollout to position Gemini as the AI layer across phones, Chrome, laptops and cars.
Waymo recalls 3,800 robotaxis after glitch allowed some vehicles to 'drive into standing water'
Waymo issued a voluntary recall of about 3,800 of its robotaxis to fix software issues that could allow them to drive into flooded roadways.
Nvidia embraces role of AI investor, pushing past $40 billion in equity bets this year
Nvidia is pouring billions of dollars at a time into companies across the AI infrastructure stack, while also signing commercial deals with them.
Fitness wearable Whoop to offer on-demand clinician access to U.S. users
Whoop is introducing on-demand clinician access and AI-powered health guidance, largely included in the price of membership.
Paul Tudor Jones says U.S. is late to regulating AI: 'We should have already done it'
The U.S. is locked into a heated rivalry with China and a race to lead AI innovation.
Cramer: Investors' selling Microsoft stock to fund flashier AI picks won't last forever
Jim Cramer says the Club still owns Microsoft. "I just don't think that they're going to sit there and let this happen."
Elon Musk's Terafab chip factory in Texas could cost up to $119 billion, filing shows
Elon Musk's giant Terafab facility in Texas could cost up to $119 billion, with hopes of manufacturing chips for Tesla, SpaceX and xAI
Super Micro stock jumps 19% on guidance beat as revenue more than doubles
Super Micro pointed to progress in U.S. manufacturing in issuing a stronger-than-expected quarterly forecast.
AMD tops estimates for first quarter as data center revenue jumps 57%
AMD's earnings report lands as investors rush into the stock on optimism that the AI boom is just getting started.
OpenAI sales leader leaves for role at Thrive Capital
James Dyett joined OpenAI in 2023, shortly after the company underwent a period of explosive growth with the launch of its ChatGPT chatbot.
Andy Jassy says Amazon investors will be rewarded by all its AI spending
CEO Andy Jassy said Amazon’s massive AI spending reflects a once-in-a-generation opportunity and will ultimately reward investors.
Jim Cramer says to own these types of stocks that 'dominate the new economy'
CNBC's Jim Cramer said the computer-driven economy doesn't care about oil prices or interest rates.
AI chipmaker Cerebras targets $3.5 billion raise in IPO
The share sale could give the company a valuation of up to $24.5 billion, compared with $23 billion as of February.
The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways
It seemed like what really captivated Wall Street though was corporate earnings.
Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts' estimates.
Qualcomm shares soar 16% on CEO comments about China orders, hyperscaler customer
Qualcomm CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" ahead of schedule, and called a bottom in China sales.
Amazon's cloud unit reports 28% sales growth, topping estimates
Amazon Web Services now accounts for over 20% of its parent company's total revenue.
Can AI outperform doctors? Experts weigh the pros and cons
One CEO said people should be using AI to understand their health much more than they already do.
Spotify stock plummets after earnings beat expectations as guidance disappoints
The Swedish audiostreamer's soft guidance overshadowed an earnings beat.
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