Apple Puts a $1.4 Trillion Number on Its App Economy
Tim Cook let the numbers do the talking, and the figure he wants the world to remember is $1.4 trillion. In a statement released on Apple’s website, the company said…
Broadcom’s Record Quarter Rattles Chip Investors
The report was, by any ordinary measure, exceptional. Broadcom posted revenue of $22.19 billion for its fiscal second quarter, up 48% from a year earlier. AI semiconductor revenue hit $10.8…
SpaceX Prices Its IPO at $1.77 Trillion
The price was fixed, no range, and the room was told so up front. At the SpaceX investor roadshow in midtown Manhattan this week, the screen showed $135 a share,…
Anthropic Makes Its IPO Case as OpenAI Rushes Its Own Silicon
The question came up in the first minutes of the meeting, and Daniela Amodei did not flinch. When will the billions spent on AI models produce returns? Anthropic’s president, pitching…
Alphabet Raises $85 Billion to Feed Google’s AI Buildout
The announcement on June 1 was the largest equity raise Alphabet has ever attempted. Two days later, after the underwritten portion was oversubscribed, the company upsized it. Bloomberg reported the…
Apple Opens Messages to an AI Agent and Puts Its Glasses On
The startup is called Poke, and it has done something no other company has managed: get an AI agent approved to run on Apple’s Messages for Business platform. The approval,…
Jensen Huang Called to Testify as NVIDIA’s Roadmap Accelerates
The invitation arrived from Elizabeth Warren’s office, and it puts NVIDIA’s chief executive in a position he has spent years avoiding: answering for his company’s sales in China, under oath,…
Lululemon Cuts Its Outlook as Brand Noise Bites
The apology was not quite an apology, but it was close. “We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which…
Tencent Keeps Buying as Southbound Funds Back SMIC
The filing landed with the routine precision of a machine that never stops. On June 5, Tencent Holdings reported to the Hong Kong exchange that it had bought back 1,092,000…
TSMC’s Capacity Ceiling Hands ASML Europe’s Crown
The words came out of Taiwan Semiconductor Manufacturing Co. in a form the industry rarely hears: an admission of limits. Asked how much more demand the world’s most important foundry…
