Big Tech’s June Selloff Erases $2.3 Trillion
The Magnificent Seven, the group of America’s largest technology companies, ended June with a combined loss of about $2.3 trillion in market value, their worst month since 2022. The selloff…
Microsoft Stock Heads for Its Worst Month Since the Financial Crisis
A portfolio manager at a Boston mutual fund began June with Microsoft as his largest holding, a position built over two decades of reliable earnings growth. He spent the past…
Apple’s Steepest Drop in a Year Puts the Memory Crisis in Focus
By the time the closing bell rang on June 30, Apple shareholders had watched the stock fall more in a single session than in any other day in over a…
Amazon to Pay Anthropic by the Token
Finance teams negotiating cloud contracts have begun seeing a new line in their terms: Amazon will pay for Anthropic’s models by the token, rather than by the hour of compute…
Blackstone Sells Virginia Data Centers Back to Digital Realty
Two years ago, Blackstone and Digital Realty Trust formed a joint venture to build data centers in Northern Virginia, betting that the artificial-intelligence boom would turn the region’s power corridors…
Grok 4.5 Begins Internal Testing at SpaceX and Tesla
On a Saturday evening in late June, engineers at SpaceX and Tesla began receiving access to a new artificial-intelligence model, an early signal of the release cadence xAI has promised…
Memory Makers Face Class Action Over DRAM Supply
A technology reseller in Sacramento who buys server memory by the pallet watched his cost per gigabyte climb for six straight weeks this spring. Distributors returned the same answer to…
AI Infrastructure Spending Accelerates, and Investors Ask When Profits Arrive
The money keeps flowing. BlackRock, Google, Microsoft and a handful of other giants are pouring trillions of dollars into AI infrastructure — data centers, chips, power, networks — according to…
SpaceX Shares Slide as Nasdaq-100 Entry Nears
SpaceX shares fell again this week, extending a slide from their post-IPO highs and breaching a key support level, according to Barron’s. The decline has erased a substantial portion of…
Newsom and Anthropic Sign Deal to Expand Claude’s Use in California Government
California Governor Gavin Newsom and Anthropic have signed an agreement to expand the use of the company’s Claude AI assistant across state government agencies, according to Politico. The deal is…
