Apple briefly became only the second publicly traded company in history after Nvidia to cross a $5 trillion market capitalisation on Tuesday, in a reflection of investors’ growing preference for technology companies that can deliver earnings growth without committing hundreds of billions of dollars to artificial intelligence infrastructure. The iPhone maker’s AAPL shares rose as
Strategy MSTR (formerly known as Microstrategy) shares climbed on Monday after the company disclosed it had not purchased any Bitcoin for the fifth consecutive week, instead continuing to build its cash reserves and repurchase preferred shares under its revised capital allocation strategy. The company said in a filing that it neither bought nor sold Bitcoin
Science fiction scenarios are slowly becoming reality. OpenAI this week said one of its AI agents autonomously escaped a controlled testing environment, accessed the open internet, and hacked the AI platform Hugging Face. The disclosure has reignited debate over AI safety, autonomous agents, and cybersecurity. Increasingly capable models are beginning to demonstrate behavior that extends
Top flying car stocks such as Joby Aviation and Archer Aviation have tumbled this year, wiping out billions of dollars in market value. Joby Aviation shares have fallen 48% year to date and 60% over the past 12 months, while Archer Aviation has declined 37% and 57%, respectively, despite both companies moving closer to commercial
The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump’s administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal
Tesla stock (TSLA) plunged 13% on Thursday after the electric vehicle maker reaffirmed plans to sharply increase spending on artificial intelligence infrastructure. The move overshadowed stronger-than-expected revenue and reinforced investor concerns over rising capital expenditure and weakening cash generation. The stock extended losses after closing 1.3% lower on Wednesday. The stock’s market cap is now
Rocket Lab’s stock price jumped more than 3% after the company secured a major contract from the U.S. government. RKLB climbed to $72.15, about 12% above its lowest level this month. The key question now is whether this rebound marks the start of a sustained rally or is simply another dead-cat bounce. Rocket Lab wins
US stocks closed sharply higher on Tuesday, led by a strong rebound in semiconductor shares as investors looked past geopolitical tensions in the Middle East and focused on the upcoming wave of Big Tech earnings reports. The Dow Jones Industrial Average rose 384.46 points, or 0.74%, to close at 52,223.72. The S&P 500 gained 0.86%
Oracle ORCL shares fell more than 3.5% on Monday after CLSA initiated coverage with a Hold rating, warning that the software company could require as much as $500 billion in capital to support its artificial intelligence cloud expansion through 2030. The brokerage said Oracle’s internal cash generation would be sufficient to fund only around one-fifth
Tesla stock dropped to a crucial support level on Friday as traders waited for the upcoming earnings. It also retreated as Xpeng, a top Chinese rival, hinted that it was about to launch a new Model Y killer. TSLA dropped to $380, down by over 23% from its highest point this year. Xpeng hints of