Apple Raises Prices Across Macs, iPads and Home Devices Amid Memory Shortage
Apple increased prices across several Mac, iPad, Vision Pro, and home device products, citing unprecedented cost inflation driven by a global memory shortage.
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Cerebras Prices IPO Above Expectations in Biggest Listing of the Year
AI chipmaker Cerebras priced its IPO at $185 per share, raising $5.55 billion and valuing the company at roughly $56 billion amid overwhelming investor demand.
Nvidia Market Value Surpasses GDP of Nearly Every Nation After Record Rally
Nvidia’s market capitalization climbed to roughly $5.5 trillion, exceeding the GDP of every country except the United States and China as shares hit fresh record highs.
Wall Street Bets Amazon Could Reach $3 Trillion Valuation
Wall Street analysts are increasingly optimistic that Amazon could eventually reach a $3 trillion market value as growth in AWS and logistics continues accelerating.
Alphabet Closes Gap With Nvidia in Race to Become World’s Most Valuable Company
Alphabet is rapidly narrowing the gap with Nvidia as both companies approach a combined market value above $10 trillion amid the ongoing AI boom.
Cerebras Set for Nasdaq IPO as AI Chip Rivalry With Nvidia Intensifies
AI chipmaker Cerebras is expected to debut on Nasdaq on May 14 under the ticker CBRS, positioning itself as an alternative to Nvidia in the AI...
Intel Shares Hit Record High After Reported Apple Chip Manufacturing Deal
Intel shares surged to a record high after reports that Apple may shift part of its chip manufacturing to Intel, increasing pressure on TSMC.
S&P 500 Hits Record 7,420 as AI and Tech Rally Powers U.S. Stocks
The S&P 500 reached a new all-time high of 7,420 as investor optimism around artificial intelligence and technology stocks continued driving the market higher.
SoftBank Shares Surge 16% as Tech Rally Pushes Nikkei to Record High
SoftBank shares jumped more than 16% as Japan’s technology-led rally pushed the Nikkei 225 to fresh record highs following the Golden Week holiday break.
Uber Shares Jump 10% on Strong Bookings Outlook Despite $1.5 Billion Profit Hit
Uber shares rose after stronger-than-expected bookings guidance offset a $1.5 billion hit to net income from equity revaluations in Q1.