Waymo, the self-driving car company owned by Alphabet, announced it will expand its robotaxi service to four new cities: Denver, San Diego, Las Vegas, and Tampa. Initially, the service will be available only to Alphabet employees before opening to the public. Despite recent recalls due to safety issues like driving into construction zones and flooded roads, Waymo is actively preparing to launch in major cities including New York, Chicago, London, and Tokyo. The company faces competition from Amazon-owned Zoox as it continues to grow its autonomous vehicle operations.
The Invesco AI and Next Gen Software ETF (IGPT) is rated a BUY due to its focus on semiconductor, memory, and infrastructure companies benefiting from AI-related capital spending. Despite its broad name, IGPT mainly invests in AI infrastructure leade...
Jim Cramer expressed concern that the recent surge in stock and bond offerings, including major deals from companies like Alphabet, SpaceX, and Amazon, might overwhelm investor demand and threaten the ongoing bull market. He highlighted discounted of...
President Donald Trump declared the cease-fire between the US and Iran to be over, reigniting fears in the market about tensions in the Hormuz region. This announcement caused investors to rotate out of artificial intelligence (AI) stocks temporarily...
Samsung's earnings report caused a sharp decline in chip stocks, particularly those tied to AI hardware, as investors questioned demand for memory chips. This led to a sell-off in companies like Micron. However, investors rotated their focus back to ...
Netflix, Disney, and YouTube are among the companies interested in acquiring the U.S. broadcast rights for the 2030 and 2034 FIFA World Cups, with media executives budgeting between $1.5 billion and $2 billion for each tournament. FIFA plans to sell ...
