ECB Warns AI Stock Boom Faces Market Correction
ECB economists warn that AI driven stock valuations are likely to face a correction, even if the optimism behind them proves accurate.
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Databricks Raises $5 Billion at $190 Billion Valuation
Databricks raised $5 billion at a $190 billion valuation after investor demand for the round reached $15 billion.
SpaceX Stock Falls After First Earnings Report Reveals AI Spending Surge
SpaceX shares dropped after its first earnings report showed AI spending jumped sixfold, overshadowing higher revenue and a shrinking loss.
Palantir Stock Soars 29% After Strong Second Quarter Earnings
Palantir stock surged 29% after second quarter revenue jumped 93%, driven by rising demand for AI sovereignty tools.
AI Hedge Fund Manager Sells Stock Holdings to Citadel After Margin Calls
Leopold Aschenbrenner's AI hedge fund lost most of its $45 billion in value after leveraged stock bets triggered margin calls and forced asset sales.
Chip Stocks Tumble After China Lithography Breakthrough
China's chip breakthroughs triggered a global stock sell-off, but analysts say Nvidia's dominance faces no immediate commercial threat.
Amazon Stock Jumps After Q2 Earnings Beat Wall Street Expectations
Amazon's stock surged after second quarter earnings beat expectations, driven by AWS cloud growth and rising AI spending plans.
Meta Free Cash Flow Falls 91% Amid AI Infrastructure Spending
Meta's free cash flow fell 91% as AI spending surged, sending shares down 10% despite strong revenue growth.
Samsung Profit Jumps 1,800% on AI Chip Demand
Samsung's profit jumped 1,800% on AI chip demand, even as chip stocks swung sharply amid shortage warnings through 2028.
SK Hynix Reports 1,242 Percent Jump In Quarterly Net Profit
SK hynix reported a 1,242 percent jump in quarterly net profit, driven by AI chip demand, even as its stock price fell.
OpenAI vs Anthropic IPO: What Investors Need to Know Before Both Go Public
OpenAI and Anthropic are both targeting $1 trillion IPO valuations, but Anthropic is closer to profitability with stronger enterprise revenue.
Oracle Cuts 21,000 Jobs in One Year as AI Reshapes Tech Workforce
Oracle cut 21,000 jobs in 2026, citing AI automation. Restructuring costs hit $1.8 billion as the company races to build AI and cloud infrastructure.