SpaceX attempted to acquire AI coding startup Cognition to boost its AI capabilities and compete with leaders like OpenAI and Google. Cognition's CEO denied the acquisition talks, stating the company is not for sale, but both firms may still collaborate, possibly with Cognition using SpaceX's computing resources. This follows SpaceX's recent $60 billion acquisition of another AI startup, Cursor, and its ongoing efforts to expand in AI, including its xAI business. Cognition remains a major independent AI coding startup valued around $25-40 billion, with notable enterprise clients and recent funding rounds. The deal's end doesn't rule out future partnerships as SpaceX pushes to grow its AI presence.
Bernstein upgraded Analog Devices (ADI) from Market Perform to Outperform following the company's record Q3 revenue of $4.02 billion, a 39.2% increase year-over-year and the first quarter surpassing $4 billion. The growth is fueled by strong demand i...
Beam Global reported better-than-expected earnings per share of -$0.14 and quarterly revenue of $8.56 million, a 174% increase from Q1 2026. The company improved its financial health with a 17.8% gross margin, reduced operating expenses, no debt, and...
Sociedad Química y Minera de Chile (SQM) reported a 646% increase in Q2 net income to $660 million, driven by record lithium sales of over 84,000 metric tons and higher lithium prices. Revenue rose 137% to $2.468 billion, surpassing analyst estimates...
Constellation Energy, a leading nuclear power producer, has increased its full-year 2026 earnings guidance to $12 per share, up 28% from last year. Despite a recent analyst price target cut and a broader market sell-off influenced by AI investment co...
Marti Technologies reported a 141% revenue increase to nearly $20 million in Q2 2026, beating analyst expectations driven by subscription monetization and higher trip volumes. Despite this strong growth, the company posted a loss of $0.15 per share, ...
