San Franciscans have gotten used to seeing cars without drivers crisscrossing their city. It will be the reality for the rest of us soon.
Category: Business
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Nintendo climbs for third day as China ramps up its memory production
Nintendo shares have plunged as the “RAMpocalypse,” or the memory price surge, squeezes consumer electronics.
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Snowflake shares rise after BofA raises price target, predicts strong earnings next week
The report called the stock a “a share gainer in the attractive and growing AI business intelligence opportunity.”
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“Fortnite” returns to Apple App Store globally
In a press release, Epic Games wrote, “We are confident that once Apple is forced to show its costs, governments around the world will not allow Apple junk fees to stand.”
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Spotify expands its anti-AI verified badges to podcasts
Spotify introduced verified badges for musician profiles in late April.
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Hyperliquid Strategies spikes on report that the SEC will soon greenlight an “innovation exemption” for tokenized stocks
Per the report, crypto wrappers of stocks may be allowed even if the underlying company doesn’t consent.
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Home Depot reports Q1 earnings beat, full-year guidance reaffirmed
The home improvement retailer beat Wall Street estimates and reaffirmed its full-year guidance, despite navigating macroeconomic housing headwinds.
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Google and Blackstone to create new AI cloud firm, sending neoclouds like Coreweave and Nebius lower
The new company will use Google’s custom AI chips to meet surging demand for computing capacity.
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Demis Hassabis, Google DeepMind’s CEO and founder, was also an early Anthropic investor
He’s also a Nobel Prize winner and a knight of the British realm.
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ServiceNow rises after Bank of America analysts reinstate as a Buy with a $130 price target
ServiceNow (NOW) is up 4% in early trading on Tuesday, after Bank of America analysts reinstated coverage of the stock with a buy rating and a $130 price objective. Now seeing the company as an “AI beneficiary…
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Tech drags down stocks as semiconductors slip
Stocks fell as memory and semiconductor shares declined, along with five of the Magnificent 7 names.
