SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman
Nvidia (NVDA) stock fell more than 2% on Thursday, putting the shares on track to extend a two-day losing streak. The move comes as higher oil prices and rising Treasury yields and fresh regulatory scrutiny weighed on the AI trade. The broader market also moved lower. The Dow Jones Industrial Average fell 258 points, or
Nvidia stock fell about 1.5% on Tuesday to around $227, taking a breather after three consecutive sessions of gains as broader markets came under pressure from rising oil prices and renewed Middle East tensions. The pullback was notable because several major semiconductor stocks moved higher. Intel surged more than 8% after Northland Capital Markets analyst
Qualcomm (QCOM) shares were surging on Tuesday after the chipmaker announced a major deal. The stock surged as much as 10% in early trading, but gave up most of those gains to trade around 4% higher at the time of writing. The company said it has entered a multi-generational product collaboration with Amazon Web Services
Micron Technology appears to be stepping up its high-bandwidth memory production as artificial intelligence demand continues to overwhelm supply, giving the chipmaker an opportunity to capture more of a fast-growing market. According to South Korean news outlet Electronic Times, Micron is spending to double its high-bandwidth memory production capacity by the end of the year.
Microsoft’s relationship with OpenAI has been central to its artificial intelligence strategy, but a forthcoming model highlights a growing risk as more powerful AI may also become harder to deploy quickly. OpenAI said on September 1 that Astra has reached the “Critical” cybersecurity capability threshold under its Preparedness Framework, the first OpenAI model to receive
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