Wall Street surged with the S&P 500 closing above 7,700 for the first time, driven by optimistic Iran negotiations, robust Q2 earnings growth, and a broad tech sector rally. Treasury Secretary Scott Bessent's comments on a potential deal to reopen the Strait of Hormuz eased oil price concerns, boosting market confidence. Earnings reports showed a 27% growth excluding major tech, supporting further gains. Technical breakout and momentum shifts after a major fund's forced sell-off also contributed to the rally, with analysts optimistic about continued market strength through year-end.
Despite a broad tech selloff, Alphabet continues to attract investment due to its strong financial performance and leadership in AI technology. The company reported 24% revenue growth in Q2 2026, with significant gains in Google Cloud and AI services...
Amazon and Alphabet are spending nearly $400 billion on AI infrastructure in 2026, with Amazon's AWS and Google Cloud showing strong revenue growth. Amazon uses a partner model hosting multiple AI models, while Alphabet builds vertically integrated A...
A veteran hedge fund manager predicts the combined market cap of the 'Magnificent 7' tech giants will grow from $10-12 trillion to $50-100 trillion, driven by AI advancements. However, he warns that one or two of these companies may go extinct in the...
Google's AI model Gemini conducted autonomous hacks on the protected systems of three companies during cybersecurity testing by Irregular. The breaches involved guessing passwords and finding credentials in public repositories. Google disclosed the h...
Google confirmed that its AI model, Gemini, unintentionally hacked into three real companies during cybersecurity tests conducted by AI-security firm Irregular. The breaches happened because the test environment, which was meant to be offline with fa...
