In 2026, semiconductor stocks have surged due to strong demand driven by artificial intelligence, while the 'Magnificent Seven' group of major tech companies, including Alphabet, Meta, Amazon, Apple, Microsoft, Nvidia, and Tesla, has struggled. This group has fallen 4% since the start of the year, with their ETF entering correction territory after a 10% drop from recent highs. This divergence highlights a potential instability in the AI-driven market trade, signaling caution for investors.
Waymo has ended its nearly three-year partnership with Uber in Phoenix, removing its robotaxis from Uber's ride-hail app in the city. The vehicles used in this pilot program have been integrated into Waymo's own Phoenix fleet, available through its a...
Alphabet is significantly increasing its capital expenditures to $180 billion to $190 billion, focusing on expanding its AI and cloud infrastructure. This move comes as Google Cloud sales grow rapidly at 45% year-over-year, with improving profit marg...
Alphabet officially joined the Dow Jones Industrial Average, replacing Verizon, marking a symbolic upgrade despite ongoing stock pressure. The company’s shares rose 4% on the announcement but are still on track for their worst month since February 20...
Google has restricted Meta's access to its Gemini AI models after Meta requested more computing capacity than Google could provide. This limitation, reported by the Financial Times, has caused delays in some of Meta's internal AI projects and forced ...
Micron Technology reported stronger-than-expected earnings and raised its guidance thanks to rising DRAM and NAND prices and robust demand from data centers. However, major tech companies like Alphabet, Microsoft, Oracle, and Meta are shifting to hea...
