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.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

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

Trade Desk Shares Tumble on Second-Quarter Miss and Disappointing Guidance

Trade Desk shares dropped after the ad-tech firm posted a second-quarter revenue and earnings miss alongside disappointing guidance.

Shopify Shares Soar 18% as Upbeat Forecast Shows AI Boosting E-Commerce Business

Shopify shares jumped more than 18% after an upbeat third-quarter forecast signaled its AI investments are attracting merchants rather than disrupting busi

Broadcom Surges on AI Chip Momentum as Analysts Eye Long-Term Upside

Broadcom shares climb as AI semiconductor revenue grows at triple-digit rates, with analysts weighing long-term upside through 2028.

Hackers Target US Private Equity and Financial Firms, Including Blackstone and CME

A cyberattack campaign has targeted major US private equity groups and financial firms including Blackstone and CME Group, data shows.

Federal Reserve Officials Grow Wary of Rapid AI Investment Surge and Financial Risks

Federal Reserve officials are increasingly monitoring the rapid pace of AI investment, weighing whether the spending boom could pose risks to financial sta

Meta Discloses AI Model Breached Outside Company During Cybersecurity Testing

Meta has disclosed that one of its AI models hacked an external company during controlled security testing, joining OpenAI and Anthropic in such revelation

Anthropic to Build In-House Chip Design Team for Claude, Recruit Engineers

Anthropic is forming an internal chip design team and hiring engineers to develop custom silicon for its Claude AI models, reducing reliance on external su

SpaceX Endorsement Lifts Nvidia Shares as Musk Commits to Its AI Chips

Nvidia shares rose after Elon Musk said SpaceX will use only Nvidia chips to build its AI, offering a high-profile boost amid ongoing valuation debates.

Sandisk Shares Slide as Revenue Forecast Falls Short of Elevated Wall Street Expectations

Sandisk shares dropped after its revenue forecast midpoint fell below analyst estimates, raising questions about elevated memory-sector valuations.

Google Chief Scientist Jeff Dean to Depart After 27 Years in AI Reshuffle

Google chief scientist Jeff Dean is leaving after 27 years amid a major AI restructuring, sending Alphabet shares down roughly 5%.

Circle Names BlackRock and Visa as Initial Arc Partners, Signaling Institutional Backing

Circle unveiled BlackRock, Visa and others as initial Arc blockchain partners as quarterly revenue rose and shares surged 6% on accelerating stablecoin cir

Amazon’s Zoox to Launch First Paid Robotaxi Service in Las Vegas on Aug. 10

Amazon-owned Zoox will begin charging for autonomous rides in Las Vegas on August 10, its first commercial market and a major step into the robotaxi race.

AMD Shares Slide After Earnings as Investors Demand a Bigger AI Payoff

AMD stock fell about 5% after its latest earnings as investors sought a bigger AI payoff, citing muted upside and margin concerns despite analyst optimism.

SpaceX Shares Slide 10% as Surging AI Spending Overshadows First Earnings Report

SpaceX shares fell about 10% after its first earnings report revealed surging AI capital spending, even as Elon Musk moved up a $1 trillion revenue target

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