Nvidia stock gave up most of its early gains on Thursday, trading about 0.6% higher after rising as much as 2.5% at the open. The volatile movement follows the company’s announcement that it had agreed to acquire the open-source AI platform Hugging Face for $12.9 billion. The deal, which had been expected after The Information
OpenAI unveiled GPT-6 Astra on Thursday as its most capable model for difficult end-to-end work. Chinese AI stocks nevertheless moved higher, not lower. MiniMax jumped 6.5% to HK$378 on Friday, while Baidu gained 4.6%. Kuaishou rose 4.2%, JD.com added 4.1% and Xiaomi advanced 3.9% as broader Hong Kong stocks strengthened. The reaction looks counterintuitive. Astra
SpaceX (SPCX) stock rebounded sharply on Thursday, rising more than 5% to around $148 after ending the previous two sessions lower, as bullish analyst forecasts for its artificial intelligence business helped lift the shares. The rally comes as analysts increasingly frame SpaceX as more than a rocket and satellite company, with AI infrastructure, computing and
SpaceX (SPCX) stock fell another 1.6% on Wednesday after closing about 1% lower Tuesday, extending a pullback even as analysts raised their expectations for the company’s artificial intelligence business. The decline came as the broader market moved higher. The S&P 500 rose 0.5%, while the Nasdaq Composite gained 0.4% and the Dow Jones Industrial Average
The rapid rise of agentic AI is creating a new question for the blockchain industry: can autonomous software become an active participant in the economy, rather than simply a tool for generating information? Franklin Templeton Digital Assets estimates agentic commerce could reach $3 trillion to $5 trillion by 2030, but significant questions remain around payments,
OpenAI has announced that its digital advertising unit has reached a $1 billion annualized revenue run rate. Built in barely 200 days, the unit was highlighted by executives as concrete evidence of a maturing, highly diversified commercial architecture. By scaling brand sponsorships, enterprise infrastructure software, consumer subscriptions and API access fees, OpenAI is attempting to
Nvidia stock (NVDA) rose around 2% to $212 on Tuesday, putting the stock on track to halt its seven-session losing streak as investors prepared for the chipmaker’s fiscal second-quarter earnings after the bell Wednesday. The seven-day decline was Nvidia’s longest losing streak since 2022, with shares falling 7.5% over the stretch. The recent weakness has
China’s Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon and Alphabet’s Google that would allow the US cloud giants to host its Kimi K3 artificial intelligence model, Reuters reported, citing three people familiar with the talks. The discussions could result in the first major revenue-sharing arrangement between a Chinese AI company and a leading
SpaceX stock (SPCX) fell around 1% Wednesday, extending a choppy stretch in which the stock has closed lower in six of the past nine sessions. Analysts, however, see the company’s planned Louisiana expansion as a potentially significant source of upside. Morgan Stanley sees launch capacity upside Morgan Stanley analyst Adam Jonas reiterated an Overweight rating
Nvidia (NVDA) shares soared over 7% on Thursday after the chipmaker’s longer-term revenue outlook reassured investors that demand for artificial intelligence infrastructure remains strong despite concerns over spending, financing and competition. The rally could also help Nvidia break a recent pattern. The stock, trading at around $226, is also just below its all-time high of