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BlackRock CEO Larry Fink said growing shortages in AI infrastructure could eventually create a futures market for computing power, similar to oil or energy trading.
SpaceX plans a $55 billion semiconductor facility in Texas, with total investment potentially reaching $119 billion. The Terafab project targets AI, robotics, and data center chips.
Nvidia and Corning announced a major optical fiber partnership to expand U.S. manufacturing, aiming to meet surging demand from AI data centers.
Uber shares rose after stronger-than-expected bookings guidance offset a $1.5 billion hit to net income from equity revaluations in Q1.
Intel stock jumped 12% to a record high, driven by AI chip optimism and reports of a potential Apple partnership. The rally has also boosted the value of major institutional holdings.
Ferrari topped Wall Street’s first-quarter expectations and reaffirmed its full-year guidance as it prepares for its first electric vehicle debut.
South Korea’s KOSPI index surged 37% in just 34 days to a record high, driven by booming global demand for AI semiconductors. The rally added roughly $1 trillion in market value.
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.
Elon Musk could receive a Tesla compensation package worth up to $158 billion, significantly increasing his wealth and pushing him closer to trillionaire status.
SanDisk shares reached a new record high, rising nearly 4,000% over the past year as demand for AI data center storage continues to outpace supply.
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
Anthropic is reportedly in talks to raise up to $50 billion at a valuation approaching $900 billion, reflecting surging demand for AI investments.
SpaceX’s planned dual-class share structure will give Elon Musk dominant voting power, allowing him to retain control over key decisions, including leadership changes.
SoftBank is preparing to spin off and list Roze, a new AI and robotics infrastructure company, in a potential $100 billion IPO in the U.S.