technology News
Nebius Surges After Inking $3 Billion AI Infrastructure Deal with Meta
The five-year agreement, announced alongside a 355% surge in quarterly revenue, deepens Nebius's role as a key AI partner for Big Tech.
BigBear.ai Surges Over 20% on Ask Sage Deal and Strong Q3 Earnings
The acquisition bolsters the company's generative AI capabilities for the defense and intelligence sectors, signaling a strategic push into higher-margin federal contracts.
SoftBank Sells $5.8B Nvidia Stake to Fund 'AI Offensive'
Masayoshi Son's conglomerate pivots from shareholder to AI operator, divesting from the chipmaker to finance ambitious new ventures in semiconductors and infrastructure.
XPeng Stock Surges 16% on Humanoid Robot Ambitions
The EV maker's shares saw their best day in two years as it unveiled the 'IRON' robot, signaling a major strategic push beyond the crowded auto market.
GlobalFoundries Licenses TSMC Tech to Boost US Power Chip Output
Deal for advanced Gallium Nitride (GaN) technology aims to capture growing EV and data center markets as TSMC exits the sector.
JPMorgan Backs Opendoor's AI Pivot, Sees Path to Profitability by 2026
The investment bank maintained its 'Overweight' rating and $8 price target, a stark contrast to a broadly skeptical Wall Street consensus.
Robinhood Targets Pre-IPO AI Boom with New Retail Investor Fund
New closed-end fund, Robinhood Ventures Fund I, aims to give users access to high-growth private tech companies amid surging interest in AI.
Applied Digital Shares Fall on $2.35 Billion Debt Offering Plan
The data center operator seeks to fund a major expansion, but the move introduces significant leverage, representing over a quarter of its market value.