Tag: Business
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Cramer’s lightning round: Buy Reddit
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Cramer’s week ahead: Stocks face pressure from rates, oil, and a flood of new offerings
CNBC’s Jim Cramer warned that rising interest rates, elevated oil prices, and a wave of AI-related stock offerings could continue to pressure the market.
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AstraZeneca CEO says AI is reshaping drug development — and helping boost the odds of success
AstraZeneca CEO Pascal Soriot said AI is helping the company develop medicines faster and make smarter decisions throughout the research process.
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Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test
June 5 : Marvell Technology is set to join the benchmark S&P 500 index, S&P Dow Jones Indices said on Friday, sending the chipmaker’s shares up 6 per cent in extended trading.The company will join the benchmark index later this month, after it recently cleared a key profitability hurdle riding a blistering AI
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Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell’s
The move highlights the growing importance of the technology sector to the stock market.
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SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO
June 5 : SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet’s Google, locking in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week.As part of the deal, Google will pay SpaceX $920 million monthly from October this year to
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Chip selloff erases over $1 trillion in stock market value
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s weak report earlier this week reverberated across Wall Street.The PHLX chip index slumped almost 8.5 pe
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US says it will speed development and use of AI for national security
WASHINGTON, June 5 : The White House said on Friday it would accelerate the development and use of AI for national security applications, while stressing that the technology should not be used to carry out unlawful surveillance.The Trump administration said earlier this week that it would ask leading AI devel
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Trump says his team will “look into” US taking stake in AI companies
WASHINGTON, June 5 : U.S. President Donald Trump on Friday told reporters that his team is looking into the idea of AI companies giving the American public a stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week. “There’s something very interesting about
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SpaceX signs cloud deal with Google
June 5 : SpaceX said on Friday it has entered into a multi-year cloud service agreement with Alphabet’s Google for access to compute capacity.As part of the deal, Google will pay SpaceX $920 million per month from October this year to June 2029, with capacity ramping up through September at a reduced fee, Elo
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