What Happened IBM (IBM) shares dropped more than 10% at the open on Thursday after the company’s latest quarterly results failed to give investors enough confidence that it can outrun the growing pressure AI is putting on legacy software and

What Happened SpaceX said it has reached a deal with AI coding startup Cursor that gives the company the option to acquire the business later this year for $60 billion. Under the arrangement, Cursor can either be bought outright at

What Happened Anthropic released Claude Opus 4.7 as its latest generally available model, positioning it as an improvement over Opus 4.6, particularly in advanced software engineering and harder coding tasks. On paper, that sounds like the kind of product update

What Happened Tesla (TSLA) dipped in early trading, but the stock was still on track to finish the week higher and potentially break an eight-week losing streak. The main shift in sentiment appeared to come from the company’s chip roadmap.

What Happened Tech stocks moved higher on Tuesday as hopes for de-escalation in Iran helped lift broader market sentiment, but the sector also had plenty of company-specific catalysts of its own. The biggest headline was Amazon’s agreement to acquire satellite

What Happened Taiwan Semiconductor Manufacturing Company (TSMC) reported a strong start to the year, with first-quarter revenue rising 35% from a year earlier as the global AI buildout kept driving chip demand higher. Revenue for the January-to-March period reached more

What Happened Meta (META) and CoreWeave (CRWV) continued to draw investor attention on Thursday after the two companies expanded their partnership in a deal worth $21 billion. Under the agreement, CoreWeave will supply Meta with AI compute capacity through 2032,

What Happened One of the most important bottlenecks in the AI chip race is no longer just chip fabrication. It is advanced packaging — the step where multiple chip components are connected, protected, and assembled into the final high-performance systems

What Happened Broadcom (AVGO) shares climbed more than 3% in early trading after the company announced two major AI-related agreements tied to Google and Anthropic. The stock outperformed a weaker broader market, which was under pressure from renewed geopolitical tension

What Happened Nvidia (NVDA) invested $2 billion in Marvell Technology (MRVL) as the two companies launch a partnership aimed at making it easier for customers to deploy custom AI chips alongside Nvidia’s networking gear and central processors. In market reaction on Tuesday, Marvell shares rose about 7%, while Nvidia shares were up