technology News
Meta surges as Jefferies sets $1,000 target on AI pivot
Wall Street embraces Zuckerberg's strategy shift amid massive infrastructure spending and workforce restructuring
US withdraws proposed AI chip export rules, easing sector uncertainty
Commerce Department pulls draft regulations that would have required government approval for global AI accelerator sales
Meta falls 3.8% on reports of 20% workforce cuts to fund AI spending
Company dismisses 'speculative' layoff rumors as analysts split on $600B artificial intelligence investment strategy
Kratos soars on Airbus deal for German Air Force drones
Valkyrie aircraft targeted for 2029 operational capability in European defense expansion
Adobe plunges 8% as CEO Narayen exits after 18-year tenure
Strong Q1 results overshadowed by leadership transition during critical AI pivot for design software giant
TSMC slides 4.4% on Middle East conflict supply chain fears
Semiconductor giant faces concerns over helium and bromine sourcing as US-Israel-Iran tension escalates
Nvidia commits $26B to open AI models, expands beyond chipmaking
Strategic pivot creates 'full-stack AI laboratory' to challenge OpenAI and Chinese competitors
Amazon faces FCC scrutiny over delayed satellite internet deployment
Regulator denies extension request as Project Kuiper struggles to meet July 2026 deadline amid rocket shortages