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Akamai shares jumped 20% after the company reported strong quarterly earnings and announced a $1.8 billion AI infrastructure agreement.
Sony projected double-digit profit growth even as PlayStation 5 hardware sales slowed, supported by strong performance in image sensors and music.
Anthropic is reportedly preparing a $50 billion fundraising round at a $900 billion valuation, potentially surpassing OpenAI in private market value.
Elon Musk said xAI will be dissolved and absorbed into a new SpaceXAI division focused on artificial intelligence products. The move comes as Anthropic reportedly leases the Colossus 1 data center.
Anthropic’s implied valuation climbed to $1.2 trillion in the pre-IPO market, marking a 900% increase since October 2025 as investor demand for AI companies intensifies.
Ferrari topped Wall Street’s first-quarter expectations and reaffirmed its full-year guidance as it prepares for its first electric vehicle debut.
Michael Burry sold his GameStop stake after Ryan Cohen’s proposed $55.5 billion eBay deal raised concerns over leverage. The investor warned against relying on debt-driven strategies.
GameStop stock swung after CEO Ryan Cohen’s interview on a proposed $55.5 billion eBay deal failed to clarify financing. Investors questioned a reported $16–20 billion funding gap.
GameStop has made a $55 billion bid to acquire eBay at $125 per share, signaling an aggressive move to expand into e-commerce.
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
Finland’s Kone will acquire Germany’s TK Elevator in a $34.4 billion deal, forming the world’s largest elevator manufacturer.
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Sun Pharma shares rose 7% after announcing an $11.75 billion deal to acquire U.S.-based Organon, expanding its global footprint.
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.