Wall Street firms adjusted their positions on major equities, with Piper Sandler upgrading Rivian and Mobileye to overweight while JPMorgan initiated coverage across several sectors, according to recent analyst reports. Wall Street Upgrades Rivian and Mobileye to Overweight Piper Sandler upgraded both Rivian and Mobileye to overweight from neutral, citing compelling valuations for both equities. … Read more
Changxin Technology Group raised 57.92 billion yuan ($8.6 billion) in an initial public offering on Shanghai’s STAR Market, according to an IPO prospectus and market data reported by CNBC. Shares surged more than 500% on their market debut, pushing the Hefei-based chipmaker’s market capitalization to about 3.5 trillion yuan and making it the most valuable … Read more
Nvidia Corp. has secured an artificial intelligence memory supply agreement with South Korea’s SK Hynix that could be worth $500 billion over multiple years, according to an announcement made by the chipmaker late Friday in San Francisco. The deal aims to lock in high-bandwidth memory (HBM) for advanced processors and systems amid a severe global … Read more
According to financial product reporting from CNBC Select, the Samsung Galaxy Card launched on Wednesday, expanding a growing trend of electronics manufacturers offering co-branded credit cards alongside traditional retail, airline, and hotel issuers. Samsung Galaxy Card Rewards and Fee Structure According to CNBC Select data, the Samsung Galaxy Card charges a $0 annual fee and … Read more
Intel reported second-quarter revenue of $16.1 billion and adjusted earnings of 42 cents per share, surpassing consensus estimates from LSEG and notching its fastest quarterly revenue growth rate since 2011, according to company earnings data released Thursday. The performance drove an 11% jump for the stock in extended trading, fueled by surging demand for AI … Read more
Alphabet and Tesla are recalibrating their financial strategies as aggressive capital expenditure (capex) on artificial intelligence weighs on their short-term free cash flow. According to earnings reports from both companies released on Wednesday, rising infrastructure costs—driven by data center expansion and AI hardware—have led to negative free cash flow for the latest quarter, triggering investor … Read more
The Federal Reserve is currently struggling to secure access to advanced artificial intelligence models, including Anthropic’s “Claude Mythos Preview,” which officials believe are essential for protecting the nation’s financial infrastructure. Despite warnings from the Treasury Department and the Fed about AI-driven cybersecurity risks, Chairman Kevin Warsh confirmed in mid-July 2026 testimony that the central bank … Read more
The artificial intelligence trade is undergoing a sharp internal rotation as investors pivot from semiconductor hardware builders to software-focused hyperscalers and cybersecurity providers. While market volatility remains elevated—with the S&P 500 falling 1.6% and the Nasdaq dropping 3% last week—corporate spending patterns are favoring firms that secure and implement AI infrastructure rather than those solely … Read more
Apple is integrating Alibaba’s Qwen AI model and Baidu’s artificial intelligence tools into its services for users in China. According to a CNBC report and company confirmations, this partnership allows Chinese iOS, iPadOS, macOS, and vision OS users to access advanced text and image generation without switching between separate applications. Alibaba and Baidu Integrate AI … Read more
Alibaba shares rose 3.7% in U.S. premarket trading Wednesday following confirmation that its Qwen artificial intelligence model will be integrated into Apple Intelligence services in China. The Cyberspace Administration of China officially approved the move, placing Alibaba’s technology alongside other domestic providers on the list of sanctioned AI services for Apple’s iOS, iPadOS, macOS, and … Read more