Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call
Investors were apparently not satisfied with Broadcom CEO Hock Tan's answer to an important question.
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Investors were apparently not satisfied with Broadcom CEO Hock Tan's answer to an important question.
As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.
The quarter looked pretty down the fairway, with beats across key line items — the membership renewal rate.
Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
President Trump's executive order, which limits the power of states in regulating AI, is a win for big tech companies that have lobbied for a federal standard.
Broadcom CEO Hock Tan said Anthropic placed an additional $11 billion order in the fourth quarter.
Asia-Pacific markets were set to open higher on Friday, tracking Wall Street gains.
CNBC's Jim Cramer on Thursday explained why he thinks high-flying tech stocks Apple, Meta and Tesla aren't seeing huge gains.
"We make it easier to be a public company in America," House Financial Services Chairman French Hill, an Arkansas Republican, said during debate on the bill.
Decision eases concerns that central bankers aligned with the US president would block them remaining in their roles
Also in today’s newsletter: Oracle shares sink over data centre spending concerns, and Taiwan probes leaks of vital chip tech
The Fed on Thursday reappointed 11 of its 12 regional bank presidents, ending a mini-drama at in a move that came a bit earlier than usual.