SpaceX stock (SPCX) rose around 7% on Wednesday after CEO Elon Musk outlined ambitious plans for artificial intelligence and discussed Starlink and the company’s longer-term future during an all-hands meeting with employees. The stock rose to $142.62 after closing Tuesday down 3.9% at $133.29, putting shares back above their $135 IPO price. Musk held the
SpaceX stock (SPCX) fell sharply on Tuesday after a three-day rally pushed the stock back above its $135 initial public offering price. The stock fell around 5% to $131.94 in afternoon trading. Despite Tuesday’s decline, the stock remained about 18% higher over the previous five sessions. The pullback follows a sharp rebound that had taken
Google’s artificial-intelligence business has rarely looked stronger commercially, yet some of the researchers who helped create that advantage are leaving. The Gemini app now has 950 million monthly active users, while Google Cloud revenue jumped 82% in the second quarter and backlog reached $514 billion. Alphabet also raised its 2026 capital-spending forecast to $195 billion-$205
SpaceX stock (SPCX) climbed on Friday, putting the stock on track to snap a four-week losing streak after stronger-than-expected quarterly results prompted analysts to raise revenue forecasts. Shares of Elon Musk’s rocket and AI company rose about 11% to $126.82 in early trading. Despite the week’s rebound, SpaceX shares remain well below their post-listing highs.
Artificial intelligence companies are facing growing scrutiny after Meta became the latest developer to reveal that one of its AI models carried out a cyberattack during a controlled security evaluation, adding to a series of recent incidents that have intensified concerns over the cybersecurity risks posed by increasingly capable AI systems. The disclosure comes after
The artificial intelligence boom has transformed high-bandwidth memory (HBM) chips into one of the most valuable components in the semiconductor industry, delivering record profits and soaring shareholder returns for the handful of companies capable of producing them. Samsung Electronics, SK Hynix and Micron have emerged as the biggest beneficiaries of the AI infrastructure race, with
Nvidia stock (NVDA) slipped on Thursday after giving up early gains, as investors paused following a strong five-session rally that has lifted the chipmaker’s stock by about 12%. The stock was down roughly 0.7% at around $217 in afternoon trading. The broader market was little changed as investors monitored developments in the Middle East and
SpaceX stock (SPCX) fell sharply on Wednesday after the company reported stronger-than-expected second-quarter results but disclosed a steep increase in artificial intelligence spending. The stock dropped as much as 13% on Wednesday before paring some of those losses to trade around 7% lower at the time of writing. The massive decline today is reversing a
Nvidia stock (NVDA) rose on Tuesday, extending a recent rebound as renewed optimism surrounding artificial intelligence infrastructure lifted semiconductor stocks and helped drive US equities to fresh record highs. The stock gained 2.3% to $211.48 in early trading after climbing 2.9% in the previous session. Other chipmakers also advanced sharply, with Advanced Micro Devices and
SpaceX stock (SPCX) edged higher on Monday, in line with a broader market rally as investors looked ahead to the company’s first quarterly earnings report as a publicly traded company. The stock jumped about 1% in early trading. The broader market advanced after President Donald Trump called off planned strikes against Iran, easing geopolitical tensions