Elon Musk and Sam Altman have escalated their long-standing public rivalry, trading insults on X as both tech leaders push toward competing milestones in artificial intelligence and space infrastructure. The conflict, which originated from their shared history as founders of OpenAI in 2015, has intensified following legal battles and the recent release of advanced AI … Read more
Apple Inc. has filed a federal lawsuit in Northern California against OpenAI, alleging the artificial intelligence lab engaged in systematic trade secret theft to bolster its own consumer hardware initiatives. The complaint, which names OpenAI and former Apple executive Tang Tan as defendants, claims the AI firm illicitly acquired intellectual property through aggressive hiring practices … Read more
Elon Musk recently postponed a scheduled interview with CNBC’s Julia Boorstin, where he was expected to discuss Tesla, a historic SpaceX initial public offering, and the launch of the company's latest Grok artificial intelligence model. Tesla’s Production and Delivery Performance Tesla reported 480,126 vehicle deliveries during the second quarter, exceeding the 406,600 deliveries analysts had … Read more
Nvidia continues to anchor the global artificial intelligence infrastructure despite recent market volatility and growing investor skepticism. According to CNBC’s Jim Cramer, while the chipmaker faces pressure from customers developing internal AI processors and reports of potential product delays, it maintains its position at the center of the industry. Nvidia shares currently trade at roughly … Read more
SpaceX has encountered a rare moment of investor skepticism following its initial public offering, as research boutique MoffettNathanson initiated coverage with a neutral rating and a $131 price target. While the broader market maintains a bullish outlook on the company’s $2 trillion valuation, MoffettNathanson’s target suggests an 18% downside from the stock’s closing price of … Read more
SpaceX shares could quintuple in value as the company’s Starship launch technology transitions into a critical piece of global industrial infrastructure, according to a report from investment firm Raymond James. Following the expiration of a 25-day quiet period for underwriters, Raymond James initiated coverage of the aerospace firm with a strong buy rating and an … Read more
Jersey Mike’s has officially filed for an initial public offering (IPO), signaling its intent to trade on the New York Stock Exchange under the ticker “JMKE.” The sandwich chain reported significant growth, with same-store sales climbing 50% between 2020 and 2025, according to regulatory filings. The company, which operates nearly 3,300 locations, generated $724 million … Read more
SpaceX may join the Nasdaq-100 index as early as July 7, potentially triggering significant buying from passive investment funds. According to Nasdaq, the company’s inclusion would follow a newly adopted fast-track framework that allows large IPOs to become eligible for the benchmark technology index after only 15 trading days. Why is SpaceX joining the Nasdaq-100 … Read more
SpaceX’s initial weeks as a public company have been defined by extreme market volatility, with shares surging over 60% above the $135 IPO price before facing a sharp 16% slump. According to data from Vanda, retail investors poured a net $405 million into the stock during the first five trading sessions, driven by the “cult … Read more
The U.S. House of Representatives is moving to shift the financial burden of artificial intelligence’s energy consumption from residential ratepayers to tech companies. On Wednesday, the House Energy and Commerce Committee’s energy subpanel will debate the Ratepayer Protection Act, a bipartisan bill designed to codify the White House’s “Ratepayer Protection Pledge.” If passed, the legislation … Read more