Category: Top Story
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Tesla’s China-Made EV Deliveries Rise Nearly 40% in May Despite Intensifying Competition (TSLA)
Tesla (NASDAQ:TSLA) reported a strong increase in sales of its China-produced electric vehicles during May, with deliveries rising 39.4% compared with the same period a year earlier as the company continued to expand its presence in the highly competitive Chinese EV market. The performance marked the sixth straight month of year-over-year growth for the automaker…
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Alphabet Launches $80 Billion Capital Raise to Fund AI Expansion with Berkshire Hathaway Support (GOOG)
Alphabet Inc. (NASDAQ:GOOG) has announced plans to raise $80 billion in new equity capital as the company ramps up investment in artificial intelligence infrastructure to meet rapidly growing demand for its AI products and services. The financing initiative includes support from Warren Buffett’s Berkshire Hathaway Inc., which has committed $10 billion through a private placement,…
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Nvidia Confident on AI Chip Supply Despite Continuing Constraints (NVDA)
Nvidia (NASDAQ:NVDA) has secured enough supply capacity to support continued expansion in both its central processing unit and graphics processing unit businesses, even as demand for artificial intelligence hardware remains exceptionally strong, according to comments from Chief Executive Jensen Huang reported by Reuters on Tuesday. The update offers reassurance to investors that the company remains…
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Amazon Shifts Prime Day to June While Retaining Four-Day Format (AMZN)
Amazon.com (NASDAQ:AMZN) has moved its flagship Prime Day shopping event to late June after holding the promotion in July for the previous five years, with the company citing a busy calendar of global sporting events and national celebrations as key factors behind the change. The annual sales campaign will run from June 23 through June…
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Markets Cautious as Iran Diplomacy Remains Unclear; HPE Surges on AI-Fueled Results: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures traded little changed on Tuesday as investors assessed conflicting signals surrounding negotiations between Washington and Tehran. Meanwhile, Hewlett Packard Enterprise (NYSE:HPE) delivered stronger-than-expected quarterly results driven by artificial intelligence-related demand, while Alphabet (NASDAQ:GOOG) unveiled plans for a major capital raise to expand its AI infrastructure. Futures Drift Lower Ahead of Market…
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Anthropic Files Confidentially for U.S. IPO
Artificial intelligence company Anthropic, the developer of the widely used Claude chatbot, announced Monday that it has confidentially submitted paperwork to the U.S. Securities and Exchange Commission as it prepares for a potential initial public offering (IPO) later this year. A public listing would allow investors to buy and trade shares of the company on…
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Nvidia’s New PC Chip and Strong Factory Data Lift Wall Street to Fresh Records
U.S. stocks closed at all-time highs on Monday as a surge in technology shares — led by Nvidia’s announcement of a new PC chip — combined with better-than-expected manufacturing data to push all three major indexes into record territory. The gains were modest in headline terms, but the session marked a notable milestone with the…
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AI Enthusiasm Set to Support Wall Street Open: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures traded modestly higher on Monday, pointing to a positive start for the new trading week as investors continued to embrace artificial intelligence-related opportunities following another major product announcement from Nvidia (NASDAQ:NVDA). The upbeat tone comes after Wall Street ended Friday’s volatile session with gains across the major benchmarks, pushing all three leading…
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IBM Shares Soar After Video of Trump Praising CEO Resurfaces Online (IBM)
IBM (NYSE:IBM) shares surged as much as 15% in premarket trading on Monday after a previously recorded video featuring U.S. President Donald Trump discussing the company and its chief executive gained widespread attention on social media. The clip, which originated from an event held in December, circulated widely over the weekend and sparked renewed investor…
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Delta Gold Technologies Expands Quantum Technology Portfolio with Three Patent Applications from Penn State Collaboration
Delta Gold Technologies (USOTC:DGQTF) (AQSE:DGQ) has announced a major advancement in its quantum technology strategy, adding three patent applications developed through its sponsored research partnership with Penn State University to its growing intellectual property portfolio. The milestone underscores the company’s commitment to building a valuable portfolio of quantum-related technologies and demonstrates the early success of…