Technology

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Intel Upsizes Stock Offering to $20 Billion as Demand Locks Out a Third of Investors

Intel expanded its stock offering to $20 billion on strong demand, with a third of investors receiving no shares as it funds AI chip manufacturing.

Meta Releases Open-Source Muse Glimmer Model as Zuckerberg Warns of AI Concentration

Meta released its open-source Muse Glimmer AI model as CEO Mark Zuckerberg warned against concentrating advanced AI under a few companies or governments.

Bitdeer Stock Wavers After Q2 Earnings and Revenue Miss Estimates

Bitdeer Technologies shares swung after reporting second-quarter earnings and revenue that missed Wall Street estimates, as investors weighed its AI pivot.

Trade Desk Stock Slides as Ad-Tech Slowdown Rattles Investors

The Trade Desk shares fell sharply as investors reassessed the digital advertising firm's growth, exposing broader anxieties across the ad-tech sector.

Nvidia Signs $500 Billion Wall Street Deal to Fund AI Infrastructure

Nvidia has partnered with six Wall Street firms including Apollo, BlackRock, Goldman Sachs and KKR to raise over $500 billion for AI infrastructure.

Sony and TSMC to Invest $4.7 Billion in Image-Sensor Joint Venture

Sony and TSMC will invest $4.7 billion in a joint venture to produce image sensors, deepening their chipmaking partnership in Japan.

Monday.com Stock Falls as Weak Guidance Overshadows Earnings Beat

Monday.com shares dropped after soft forward guidance overshadowed a quarterly earnings beat, while options-implied volatility fell sharply post-selloff.

Unitree Shanghai IPO Oversubscribed 8,000 Times, Igniting Humanoid-Robot Stock Frenzy

Unitree Robotics' Shanghai IPO drew retail demand over 8,000 times the shares offered, fueling investor frenzy over a wave of humanoid-robot listings.

Foxconn Posts 35% Q2 Profit Jump, Forecasts Strong 2026 on AI Demand

Foxconn reported a 35% rise in second-quarter profit, beating forecasts, and forecast strong 2026 growth driven by surging AI infrastructure demand.

Trump Tariffs on Foreign Drone Parts Send US Drone Stocks Soaring

US drone stocks rallied after Trump ordered tariffs on foreign-made components, with Unusual Machines leading gains, in a bid to counter China's drone domi

Standard Chartered Venture Anchorpoint Launches Hong Kong Dollar Stablecoin for Institutions

Standard Chartered-led venture Anchorpoint has begun institutional use of Hong Kong dollar-backed stablecoins, with retail access eyed by end-2026.

Super Micro Stock Rallies After Earnings as Wall Street Reassesses AI Server Demand

Super Micro Computer shares surged after quarterly results, as Wall Street reassessed demand for its AI server systems amid a mix of optimism and caution.

Potential Workday Deal Sets Floor Under Battered Software Stocks

A potential Workday acquisition has lifted software stocks, with analysts saying it sets a valuation floor after this year's AI-driven selloff.

Uber and Pony.ai to Deploy Over 2,000 Robotaxis Across Europe

Uber and China's Pony.ai will jointly deploy over 2,000 robotaxis across Europe, one of the largest planned driverless fleet expansions on the continent.

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