SpaceX's pre-IPO filing disclosed two early-stage projects with Tesla: Macrohard, an AI software platform, and Terafab, a chip fabrication initiative. These ventures reflect a broader industry trend toward building AI infrastructure and controlling chip production. While Tesla's projects are nascent, NVIDIA and Applied Materials show strong current gains in AI-related revenues and equipment sales. Applied Materials is seen as the broadest beneficiary, NVIDIA the strongest near-term winner, and Tesla the most uncertain but potentially high-reward player. Investors should watch Tesla's upcoming earnings for updates on these collaborations.
ServiceNow shares rose about 7% in premarket trading after the company reported earnings and revenue that exceeded expectations, continuing a streak of over 20% year-over-year revenue growth for five quarters. CEO Bill McDermott emphasized strong dem...
Tesla and Alphabet both reported increased spending on artificial intelligence, causing their shares to fall in premarket trading. Alphabet raised its capital expenditure forecast to $195-205 billion for the year, citing the need to meet growing AI d...
Alphabet and Tesla reported significant increases in spending and negative free cash flow in Q2, signaling heavy investments in AI infrastructure. Despite beating revenue expectations, both stocks fell after hours, reflecting investor concerns about ...
Tesla announced that its robotaxi fleet has driven over 380,000 miles without any notable safety incidents across six cities in two states. The company emphasized the safety of its camera-based autonomous driving system, rejecting the need for lidar ...
During Tesla's earnings call, Elon Musk declined to discuss a potential merger between Tesla and SpaceX, citing the need for proper procedures. He acknowledged increasing overlap between the companies, highlighting Starlink's integration into Tesla v...
