Category: Latest News
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New Street Research Sees Further Upside for SpaceX Ahead of Market Debut (SPCX)
New Street Research has initiated coverage of SpaceX (NASDAQ:SPCX) with a 12-month price target of $165 per share, implying potential upside of approximately 22% from the company’s proposed IPO price and valuing the business at around $2.3 trillion following its potential acquisition of Cursor. Analyst Pierre Ferragu outlined a multi-faceted valuation approach that supports a…
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Stellantis Advances Solid-State Battery Testing With Dodge Charger Prototype (STLA)
Stellantis (NYSE:STLA) and Factorial Inc. (NASDAQ:FAC) have reached a significant milestone in electric vehicle development by integrating Factorial’s solid-state battery technology into a Dodge Charger Daytona test vehicle and launching on-road trials to assess performance, durability and safety in real-world environments. According to the companies, the project marks the first automotive deployment of solid-state battery…
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Nvidia Teams Up With Abridge to Build AI Model for Healthcare Applications (NVDA)
Nvidia (NASDAQ:NVDA) has entered into a partnership with Abridge to develop a specialised artificial intelligence model tailored for healthcare use cases, according to a report by the Wall Street Journal. Abridge is known for its AI-powered note-taking platform used by medical professionals. The collaboration reflects growing investment across the technology sector in healthcare-focused AI solutions…
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Musk to Address ASML Event as SpaceX IPO Nears and Terafab Plans Advance (SPCX)
Elon Musk is set to make a virtual appearance at a technology event hosted by semiconductor equipment leader ASML on Thursday, where he is expected to discuss Terafab, his proposed large-scale semiconductor manufacturing project designed to supply chips for Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX). The appearance comes as investors await the pricing of SpaceX’s initial…
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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.…