Over the past 12 months, Nvidia (NVDA +3.44%) grew revenue 71% to $253 billion and more than doubled its net income, to about $160 billion. The stock, meanwhile, trades at about 21 times forward earnings (the profits the company is expected to produce over the next year) as of this writing. That’s the kind of … Read more
Meta said on Wednesday that one of its AI models hacked another company during cybersecurity testing, after an error by its testing partner gave the model unintended internet access.The incident adds to a growing list of cases in which AI agents from major developers breached systems at other companies during testing, after Anthropic said last … Read more
Google DeepMind CEO Demis Hassabis’s departure Wednesday from the top job at the company he founded in 2010 and sold to Google in 2014 was at least a year in the making, said two people familiar with his thinking.Hassabis had been drifting away from the day-to-day responsibilities of running the company’s Gemini AI models and … Read more
SpaceX (SPCX) reported second quarter results on Tuesday that topped estimates — its first report as a public company — which comes as the stock has been in a recent free fall. Rising capital expenditures in its Q2 report didn’t help matters. SpaceX’s AI segment posted an operating loss of $1.26 billion versus estimates of $2.39 … Read more
What happened: Sandisk (SNDK) stock sank 4% in after-hours trading on Wednesday. What’s behind the move: The flash memory and storage manufacturer issued revenue guidance for the company’s fiscal first quarter that came in below analyst expectations. The company expects Q1 revenue of $10.3 billion to $10.8 billion, versus estimates of $11.16 billion. Sandisk said … Read more
PHOENIX (AZFamily) — Instead of going to a drive-thru for salad, customers will soon be getting a cup of coffee.Court documents filed in U.S. Bankruptcy Court in Texas show that Boersma Bros, LLC, the Oregon-based holding company tied to the founders of Dutch Bros Coffee, agreed to purchase Salad And Go’s assets for $105 million. … Read more
Ryan McPherson fought hard for his piece of Austin. Back in the spring of 2022, when it seemed like everyone was angling for homes in the Texas capital, he and his wife set their sights on a tidy four-bedroom in a sprawling new development on the east side of town. They bid $20,000 above the … Read more
What happened: Advanced Micro Devices (AMD) dropped 5% in early trading on Wednesday. What’s behind the move: The chipmaker reported record revenue and second quarter earnings on Tuesday, beating Wall Street expectations on both top and bottom lines. However, the company’s results and forecast failed to impress investors looking for bigger beats. “It was priced … Read more
Revenue in Q2 2026 increased 48% to $23.0 billion driven primarily by Mounjaro and Zepbound volume. Q2 2026 EPS increased by 26% to $7.94 on a reported basis and increased by 33% to $8.38 on a non-GAAP basis. Q2 2026 reported and non-GAAP EPS included $3.03 of acquired IPR&D charges compared to $0.14 in Q2 … Read more
Michael Burry warns of 1987-style crash even as S&P 500 hits new high Seeking AlphaMichael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’ CNBCMichael Burry Warns of 1987-Type Crash as S&P 500 Hits Record High Yahoo FinanceUS investor Michael Burry who warned Wall Street of 2008 Housing Crisis … Read more