To The Moon

ANALYSIS-Oracle Corp goes for high-stakes ratings gamble in AI strategyLONDON, Aug 4 (Reuters)-Cloud computing giant Oracle Corp is on the cusp of a junk-grade credit rating and its shares have tanked

Driven by progress in US-Iran negotiations, geopolitical tensions around the Strait of Hormuz are expected to ease, leading to a sharp drop in international oil prices and a significant boost in risk...

Shares of Sandisk, ASML Holding, and other chip stocks reversed sharply lower Monday as a massive Chinese initial public offering hit the market and a report emerged that a state-backed Chinese company has started mass producing chip-making machines.Sandisk dropped 11%, placing it the worst performer in the S&P 500. Western Digital fell 8%. Chips and networking company Marvell declined 4.2% and Advanced Micro Devices fell 7.3%.Intel and Super Micro Computer booked losses of 3.7% and 3.3%, respectively.Chip stocks and memory names already were under pressure after Chinese memory chip maker ChangXin Memory Technologies surged 466% on its trading debut in Shanghai on Monday, giving it a market capitalization of $484 billion.However, the declines deepened after Bloomberg reported that a Chinese company has begun producing immersion deep ultraviolet lithography machines, which are a key type of machinery used in making chips.ASML, which manufactures the machines, declined 6.2%.This is brea

Meta Platforms, Inc. (NASDAQ: META) shares surged this week, driven by a series of strategic advancements in artificial intelligence, marking its strongest weekly performance since February 2024 and...

Meta has launched a significant update to its Muse Spark large language model and revealed its pricing strategy.The company's AI chief stated that the pricing is highly competitive and attractive...

It could've been better for Verizon, AT&T, and T-Mobile. It could've been worse.Wall Street took stock of telecoms because of the threat of SpaceX's Starlink satellite unit -- and decided to fret a li

Waymo has announced the launch of its driverless ride-hailing service in four new U.S. cities: San Diego, Las Vegas, Tampa, Florida, and Denver.In the coming weeks, the service will initially be made...