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Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 6.9% in the afternoon session after CEO Elon Musk posted on his social media platform, X, that the company plans to build its own AI chips in higher volumes than all other AI chip makers combined...
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CEO touts yearly designs and higher volumes than rivals...
Continue ReadingFirm maintains $625 price target following Ignite conference insights...
Continue ReadingThe latest BLS jobs report was stronger than expected, but fears remain. Learn more about labor market trends, layoffs, and how AI could impact jobs...
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Shares hit record high as investors respond to cloud momentum and new Gemini model...
Continue ReadingMarkets Rip Higher as Alphabet Stuns Investors With New AI Model...
Continue ReadingFirm sees optical strength but weaker share in Amazon chips...
Continue ReadingThis article first appeared on GuruFocus. Amazon (NASDAQ:AMZN) rose nearly 2% on Monday even as Italian police raided two of the company's sites as part of a probe into alleged 1.2 billion tax evasion tied to Chinese goods sold in the country. Reuters reported that officers searched a logistics hub in Bergamo and Amazon's Italian headquarters in Milan, seizing more than 5,000 products and confiscating IT equipment...
Continue ReadingMajor U.S. equities indexes climbed Monday afternoon as tech stocks rallied, and as optimism about a rate cut by the Federal Reserve next month grew...
Continue ReadingTesla stock popped on Monday as Melius Research tabbed the EV maker a "must own" due to its autonomy efforts and as CEO Elon Musk talked up its chipmaking progress...
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