Tag: Breaking News: Technology
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Elon Musk’s net worth poised to sail past $1 trillion in SpaceX IPO
Based on SpaceX’s updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.
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Jim Cramer warns excess supply could be the next biggest threat to the bull market
CNBC’s Jim Cramer warned that a growing wave of AI-related capital raises could overwhelm investor demand and create a near-term headwind for stocks.
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CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 9%
CrowdStrike shares have rallied nearly 60% this year on skyrocketing demand for cybersecurity in the age of advanced artificial intelligence.
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Hidden beneath AI chips, Chinese-made circuit boards raise national security concerns in U.S.
With demand booming for printed circuit boards, the U.S. government is trying to boost domestic production to move away from reliance on China.
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Broadcom stock slips on disappointing software revenue
Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.
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Nvidia’s big dividend hike could pave the way for higher payouts — who may be next
Some on Wall Street believe there will be more dividend increases from tech companies following Nvidia’s recent move.
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Where Jim Cramer stands on CrowdStrike and Broadcom ahead of earnings
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
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Uber slashes people division by nearly a quarter. CEO says ‘changes are necessary’
Uber said the cuts were not driven by AI, which has allowed many tech businesses to cut costs and automate workloads
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OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in D.C.
President Donald Trump signed an executive order about AI this week, which Altman voiced support for.
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SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says
The valuation would make Elon Musk’s company the seventh- biggest in the U.S. and above Tesla, which has a market cap of about $1.6 trillion.
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