Author: Fiona Craig
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SAP Shares Retreat After Oracle Unveils Aggressive AI Investment Plans (SAP)
SAP (NYSE:SAP) shares fell more than 4% after competitor Oracle (NYSE:ORCL) revealed fiscal 2027 capital expenditure plans that significantly exceeded analyst expectations, highlighting the escalating costs associated with competing in the artificial intelligence infrastructure market. Oracle’s shares dropped more than 10% in premarket trading on Thursday after the company announced it could spend as much…
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OpenAI’s Sam Altman to Hold AI Strategy Talks With Samsung Executives in South Korea (OAI)
OpenAI (NASDAQ:OAI) Chief Executive Sam Altman is expected to meet senior executives at Samsung Electronics (USOTC:SSNHZ) next week during a visit to South Korea, where discussions will centre on expanding the use of artificial intelligence across the technology giant’s operations, according to a report from Yonhap News Agency. The visit highlights Samsung’s growing focus on…
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Oracle Beats Earnings Expectations but Shares Slide on Spending and Funding Plans (ORCL)
Oracle (NYSE:ORCL) reported quarterly earnings and revenue ahead of market forecasts on Wednesday and raised its outlook for annual adjusted earnings per share. Despite the strong operating performance, the stock fell 10.1% in premarket trading on Thursday after investors focused on the company’s aggressive capital spending plans and upcoming financing requirements. The software giant revealed…
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OpenAI Considers AI Pricing Cuts as Competition With Anthropic Intensifies (OAI)
OpenAI (NASDAQ:OAI) is reportedly evaluating substantial reductions to the pricing of its artificial intelligence services as it seeks to strengthen its competitive position against rival AI developer Anthropic, according to a Wall Street Journal report citing people familiar with the discussions. The company behind ChatGPT is said to be reviewing lower pricing for tokens, the…
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Tesla Secures Approval to Launch Full Self-Driving Software in Belgium (TSLA)
Tesla (NASDAQ:TSLA) has received regulatory clearance to deploy its Full Self-Driving supervised driver assistance system in Belgium, marking another step forward in the expansion of the company’s advanced driving technology across Europe. The announcement was made by Annick De Ridder, transport minister for Belgium’s Flanders region, who confirmed the approval in a post published on…
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Chanos Questions SpaceX Valuation Ahead of Historic IPO
Prominent short seller Jim Chanos has challenged the valuation of SpaceX (NASDAQ:SPCX) ahead of its highly anticipated stock market debut, arguing that the company’s projected $1.75 trillion valuation is difficult to justify based on underlying fundamentals. SpaceX is scheduled to begin trading on the New York Stock Exchange on Friday following a $75 billion offering.…
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Gold Recovers as Softer Oil Prices Ease Inflation Concerns
Gold prices moved modestly higher on Thursday as a pullback in crude oil reduced some fears of a renewed inflation surge, while investors monitored developments in U.S.-Iran peace negotiations and awaited key central bank decisions. By 05:29 ET (09:29 GMT), spot gold was up 0.2% at $4,079.70 per ounce after earlier falling to its lowest…
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Oil Prices Rise as Markets Weigh Intensifying U.S.-Iran Conflict
Oil prices moved higher on Thursday as renewed military action between the United States and Iran heightened concerns over global energy supplies. However, gains eased later in the session as traders assessed whether the latest escalation would lead to actual disruptions in crude shipments. Iran announced the closure of the Strait of Hormuz after the…
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U.S.-Iran Conflict, Oracle Outlook and ECB Rate Decision Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
Investors are monitoring a mix of geopolitical tensions, corporate earnings developments and central bank policy decisions, with U.S. stock futures pointing modestly higher after a sharp sell-off on Wall Street. Renewed military exchanges between the United States and Iran remain in focus, while Oracle (NYSE:ORCL) shares have come under pressure following plans to raise significant…
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Micron Selects Bechtel for New York Semiconductor Project as U.S. Manufacturing Expansion Moves Forward (MU)
The appointment of Bechtel advances construction of Micron’s planned New York memory manufacturing complex, a project expected to become the largest semiconductor facility in the United States. Key Investor Takeaways Why MU Stock Is in Focus Micron announced that Bechtel will serve as the engineering, procurement and construction partner for the first phase of its…