Tesla’s Q2 Delivery Report Looms After Shares Rally Above $420
The numbers will be released after the market closes on Thursday, and Tesla’s investors have already voted with their money. The company’s shares have risen more than 10 percent this…
Micron’s $100 Billion Order Book Rewrites Memory Math
The earnings call on June 24 had the kind of numbers that used to belong to software companies, not chipmakers. Micron Technology reported revenue of $41.5 billion for its fiscal…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
Australia Sues Amazon Over Prime Video Ads
The subscriber paid 79 Australian dollars for a year of Amazon Prime, expecting a year of ad-free video, the way the service had been sold. Instead, in July 2024, the…
TIDAL Cuts Off AI Music From the Royalty Stream
The producer had been making music for eight months with tools that generated complete songs from text prompts, and the process had become routine: type a description, wait a minute,…
Korean Investors Get Nothing as SpaceX IPO Allocation Goes Awry
The phone calls started the morning after the allocation. Korean retail investors who had signed up through Mirae Asset Securities, the country’s largest brokerage, to participate in SpaceX’s initial public…
Waymo and Uber End Their Phoenix Robotaxi Partnership
The robotaxis that have been a familiar sight on the streets of Phoenix will no longer carry the joint branding of their two creators. Waymo and Uber have terminated their…
Broadcom’s AI Numbers Look Great, and the Stock Falls Anyway
The earnings report had the numbers investors once paid anything for. Broadcom said revenue in its fiscal second quarter reached $22.2 billion, up 48 percent from a year earlier, and…
South Korea Puts $550 Billion Behind Its Memory Makers
The televised address came on a Monday, and the president of South Korea, Lee Jae-myung, used it to declare 2026 the year the country would establish itself as an irreplaceable…
ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
