AMD Shares Rally as Analysts Lift Price Targets Across the Board
The notes went out within hours of each other. Citi raised its target on AMD to $575, Bank of America to $560, TD Cowen to $600 and Mizuho to $615.…
Micron’s Free Cash Flow Is Set to Exceed All Prior Years Combined
The number that has Micron’s investors talking is not revenue, and it is not market share. It is free cash flow — the money left after capital spending — which…
Tesla’s Robotaxi Service, a Year In, Runs 59 Cars and Crashes More Than Humans
On a weekday morning in Austin, the wait for a Tesla robotaxi can stretch past 20 minutes, and the ride, when it arrives, does not always make it to the…
Amazon Puts Claude Fable 5 on Bedrock Days Before U.S. Order to Disable It
The announcement was routine for AWS: a new model, available to enterprise customers on the Bedrock platform, billed as another step in Amazon’s effort to offer every major AI system…
Chip Stocks Split a Week After the Broadcom Selloff
The SOXX semiconductor ETF fell 10% in a single day on June 5, and the sector’s biggest names fell harder. AMD dropped 10.9%, Intel 11.3%, and the memory and equipment…
SK Hynix Plans U.S. Listing as Early as August, Reuters Reports
The Korean chip maker that has ridden the AI memory boom to a $1 trillion market value is preparing to take its shares to the United States. SK Hynix plans…
A Mother Sues OpenAI Over ChatGPT’s Final Messages
The chat log carries a title that ChatGPT chose for it: “Trying Again Together.” The last words in the conversation were “I’m with you.” Hours later, Alice Carrier was dead.…
Meta Cuts Off Manus as It Unwinds a $2 Billion Deal
Inside Meta Platforms, the internal memo said it plainly: Manus is being “sunset.” Staff were told to migrate existing Manus projects onto Meta’s own systems and not to begin new…
SpaceX’s Nasdaq Debut Becomes the Largest IPO in History
Gwynne Shotwell rang the opening bell at the Nasdaq MarketSite in Times Square, and a stock that investors had chased for years finally traded under a ticker. SPCX opened at…
Bezos’s Prometheus Raises $12 Billion to Engineer the Physical World
Jeff Bezos sat down with CNBC’s David Faber at Prometheus’s San Francisco headquarters and, for the first time, explained publicly what he is building with his money. The company he…
