SpaceX has filed its IPO prospectus, targeting a Nasdaq listing under the ticker symbol SPCX with a valuation floor of $1.8 trillion and a capital raise of $75 billion, which would make it the “largest” public offering in history.And while it’s a seismic moment for the space industry, for those…
The Super Micro Computer (NASDAQ: SMCI) stock price extended its rally on Friday as the artificial intelligence supercycle gained momentum. It jumped to $48, its highest point since November 25, up by 145% from its lowest point this year. This rally may continue soon as the Supermicro stock nears a…
Shares of Nextpower (NXT) surged to record highs on Friday after the clean energy company announced a deal to acquire battery energy storage firm Prevalon Energy for up to $365 million, a move that deepens its push into AI-driven energy infrastructure markets.Nextpower stock rose as much as 14% during trading…
Palantir Technologies (PLTR) shares surged on Friday, marking the company’s strongest single-day gain in more than a year as renewed optimism around artificial intelligence helped fuel a broad rally across software stocks.Palantir stock climbed more than 9% to around $156.54 during Friday trading, making the stock’s biggest daily advance since…
US stocks closed at record highs on Friday, capping a strong month for Wall Street as technology shares rallied on renewed optimism surrounding artificial intelligence and easing concerns over geopolitical tensions in the Middle East.The Nasdaq Composite rose 0.2% to close at 26,972.62, while the S&P 500 gained 0.22% to…
Issaquah-headquartered Costco Wholesale (COST) ended in the “red” on May 29 after the big-box retailer’s Q3 per-share profit came in shy of Street estimates.The multinational’s total revenue surpassed $70 billion in its fiscal third quarter – handily beating the consensus – but a more than 15% increase in EPS to…
For years, California Gov. Gavin Newsom has reaped the benefits of Silicon Valley’s AI boom — in the form of tax revenue for his state and political contributions from industry leaders. Newsom’s interests often aligned with those of tech titans, and he largely protected those interests. In 2024, for example,…
CBS News has reportedly declined to renew its contract with Sharyn Alfonsi, the “60 Minutes” correspondent whose segment about the Trump administration deporting Venezuelan men to a prison in El Salvador was abruptly pulled off the air late last year. Alfonsi confirmed the expiration of her CBS News deal in…
MIAMI — A federal judge on Wednesday declined to jail a Florida teenager accused of killing and sexually assaulting his stepsister, allowing him to remain in the custody of a family member while he awaits trial. Timothy Hudson, 16, has been free since the slaying of Anna Kepner, who died…
CBS News editor-in-chief Bari Weiss on Thursday replaced Tanya Simon, the executive producer of the network’s flagship newsmagazine “60 Minutes,” with a technology journalist who has never worked in television news. Nick Bilton, a documentarian and former New York Times technology columnist, will take over for Simon when the show…