President Donald Trump's son, Eric Trump, defended his father's stock trades in companies like Nvidia, Palantir, and Meta after financial disclosures revealed millions in trades during the first quarter of 2026. Critics, including Senator Elizabeth Warren, raised concerns about potential conflicts of interest, especially as the administration engaged with some of these companies. Eric Trump stated the family's assets are managed through a blind trust, denying any direct involvement in stock decisions. Despite this, the controversy continues as legislation to ban stock trading by the president remains stalled in Congress.
In early 2026, President Donald Trump purchased between $247,000 and $630,000 in shares of AI software maker Palantir before publicly endorsing the stock on his social media platform, Truth Social. He also sold up to $5 million of Palantir shares in ...
Cerebras Systems made a huge debut on Wall Street with a market cap near $100 billion, signaling strong demand for AI chips beyond Nvidia's GPUs. The company produces large custom ASIC chips designed for AI inference, a growing need as AI models shif...
Meta Platforms increased its 2026 capital expenditure forecast to $125-145 billion, up from $115-135 billion, primarily due to rising component costs like memory pricing. CEO Mark Zuckerberg explained that higher prices for hardware components from s...
Chip stocks including Nvidia and Intel dropped after President Trump revealed that China has not yet bought Nvidia's H200 GPUs, despite hopes raised by Nvidia CEO Jensen Huang's recent trip to Beijing. This news dampened investor optimism about a str...
Microsoft shares jumped 4% on Friday while other major tech stocks, especially chipmakers and crypto-related names, declined amid profit-taking. Despite being the biggest mega-cap laggard this year, Microsoft’s strong Q3 earnings, driven by 40% Azure...
