To The Moon

Kioxia, SanDisk unveil 9th-gen 2Tb QLC 3D flash technology for AI storage demandSanDisk, Kioxia unveiled 9th-generation 2Tb QLC 3D NAND aimed at AI-driven infrastructure, extending their joint flash m

AT&T, Verizon, and T-Mobile shares fell after SpaceX announced plans to launch a mobile offering next year. The drop isn't warranted. By Al RootInvestors in telecom stocks have been afraid, even petri

ANALYSIS-Oracle Corp goes for high-stakes ratings gamble in AI strategyLONDON, Aug 4 (Reuters)-Cloud computing giant Oracle Corp is on the cusp of a junk-grade credit rating and its shares have tanked

Driven by progress in US-Iran negotiations, geopolitical tensions around the Strait of Hormuz are expected to ease, leading to a sharp drop in international oil prices and a significant boost in risk...

Shares of Sandisk, ASML Holding, and other chip stocks reversed sharply lower Monday as a massive Chinese initial public offering hit the market and a report emerged that a state-backed Chinese company has started mass producing chip-making machines.Sandisk dropped 11%, placing it the worst performer in the S&P 500. Western Digital fell 8%. Chips and networking company Marvell declined 4.2% and Advanced Micro Devices fell 7.3%.Intel and Super Micro Computer booked losses of 3.7% and 3.3%, respectively.Chip stocks and memory names already were under pressure after Chinese memory chip maker ChangXin Memory Technologies surged 466% on its trading debut in Shanghai on Monday, giving it a market capitalization of $484 billion.However, the declines deepened after Bloomberg reported that a Chinese company has begun producing immersion deep ultraviolet lithography machines, which are a key type of machinery used in making chips.ASML, which manufactures the machines, declined 6.2%.This is brea

Meta Platforms, Inc. (NASDAQ: META) shares surged this week, driven by a series of strategic advancements in artificial intelligence, marking its strongest weekly performance since February 2024 and...

Meta has launched a significant update to its Muse Spark large language model and revealed its pricing strategy.The company's AI chief stated that the pricing is highly competitive and attractive...