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Microsoft is heading for its worst month since 2000 as investors question whether its massive AI investments will generate adequate returns.
Apple shares fell nearly 5%, wiping out about $230 billion in market value after the launch of Siri AI.
Meta shares fall 10% as investors react to massive AI spending plans and a potential bond sale.
Mark Zuckerberg builds an AI agent to streamline Meta’s management and reduce organizational layers.
Meta plans to cut 20% of staff as it ramps up costly investments in artificial intelligence infrastructure.
Alphabet raises $20 billion in bonds to finance large-scale investments in artificial intelligence infrastructure.
Major tech firms pledge to pay for data center power infrastructure so U.S. households will not bear the cost.
SpaceX acquires xAI for $250 billion, valuing the combined business near $1 trillion with IPO estimates above $1.75 trillion.
Amazon is reportedly in talks to invest up to $50 billion in OpenAI as the AI firm seeks funding at an $830 billion valuation.
OpenAI plans to launch its first proprietary AI device in the second half of 2026, expanding beyond software into consumer hardware.
Apple partners with Google to integrate Gemini AI models and cloud infrastructure for enhanced Siri and future AI features.
Alphabet reached a $4 trillion valuation as investors bet on AI-driven growth across search, cloud, and enterprise services.
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman, strengthening leadership amid AI expansion and regulatory focus.
Walmart partners with Google to let customers browse and buy products directly inside the Gemini AI assistant.
Alphabet surpassed Apple in market value, becoming the world’s second-largest company behind Nvidia.