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Micron overtakes Meta in market value amid relentless AI infrastructure demandMicron Technology has surpassed Meta Platforms in market valuation for the first time, driven by a strong AI-fueled rally. The memory chip ...- Micron joins rivals pitching AI deals as cure for memory's boom-bust cycleMemory chip giants like Micron are forging long-term "take-or-pay" deals, securing billions from customers like Nvidia to ensure consistent...
- Apple's Ternus era hints at renewed hardware focus, AI growth pushTernus, a 25-year veteran who has overseen development of key products including multiple iPhone generations, will take the helm in Septemb...
- Tesla's lower-cost EV plan seen boosting volume, risking marginsTesla is reportedly developing a smaller, cheaper electric vehicle. This move aims to increase sales and factory use. It also addresses gro...
- US Stocks: Adobe shares drop further as CEO exit casts doubts over AI strategyAdobe's battered shares fell another 6% on Friday as news that the Photoshop maker's long-time CEO will step down cast fresh doubts over it...
- US Stocks: Netflix shares surge 9% as investors cheer decision to exit Warner Bros raceNetflix jumped more than 9% on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding...
- Alphabet shares surge over 6% after court rules against a breakupAlphabet's shares surged after a U.S. judge ruled against breaking up Google, adding over $170 billion to its market value. The ruling allo...
- Trump tariffs could stymie Big Tech's US data center spending spreeElectronics - which include smartphones, PCs and data-center equipment - were the second biggest imports last year at nearly $486 billion w...
- Netflix shares hit record as subscriber growth defies odds once againNetflix shares surged 13% to a record high, driven by a massive subscriber boost of 18.9 million in the holiday quarter, partly due to succ...
- Netflix shares jump 13% to hit record as subscriber growth defies odds once againShares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant's big bet on sports helped add a record 18.9 millio...
- Disney nears tipping point as streaming profits start to offset cable declineDisney's streaming business, under Bob Iger's leadership, has reported its second consecutive quarterly profit. This comes after a strategi...
- Tesla shares soar 14% as Trump win sets stage for rise of Elon Musk's electric vehicle, other venturesTesla's shares jumped 14%, making the EV maker on course to increase market value by $110 billion. Trump has said he would establish a gove...
- Amazon set to join Big Tech's spending surge as AI race heats upAmazon's capital spending rose dramatically in the second quarter, reaching $16.41 billion to boost its cloud and AI capabilities. This inc...
- British American Tobacco signals ITC stake disposal, shares soar 7%British American Tobacco is actively working to sell some of its shareholding in India's ITC, signaling a move towards resuming share buyba...
- Wall Street rises as Apple boost outweighs Amazon gloom; Dow jumps 500 pointsThe Dow Jones Industrial Average added 584 points, or 1.8%. The S&P 500 gained 1.5%. The Nasdaq Composite fought higher and was up by 1.8% ...
- Amazon slumps as tech selloff worsensAmazon's shares, which were down 12.8% at $96.77, were trading at their lowest since March 2020.
- Is the stock market a casino roulette? Asks Uday Kotak after tech crashA disappointing result season sent Facebook-owner Meta Platforms stock plummeting 25%. Investors are spooked by Facebook’s costly metaverse...
- Tech rout widens as Meta sinks after resultsMeta was set to lose about $78 billion in market value, if losses hold to the end of the session, adding to the trillions of dollars that s...
- Tech rout widens as Meta sinks after resultsMeta was set to lose about $67 billion in market value, if losses hold through the session, adding to the trillions of dollars that some of...
- European shares rebound on gains in chemical, financial sectorsThe pan-European STOXX 600 index rose 0.8%, with the German DAX gaining 1.5%, France’s CAC 40 up 1.1% and UK’s FTSE 100 adding 0.7%.
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