With Trump's inauguration comes the support of many tech giants. From Tiktok CEO Shou Chew to Amazon's Jeff Bezos, everyone wants the new President's favor. What could Donald Trump give them that has them so invested?
Shares of an Ohio firm that makes the paper filler that prevents items from jostling around in delivery boxes have risen more than 25% after it said Amazon.com is taking a stake in the firm. Ranpack Holdings said in a securities filing that the e-commerce giant has agreed to buy a warrant for 18.
However, the U.S. stock market could move sharply on Jan. 29 and Jan. 30 based on commentary from the Federal Reserve, and earnings results from several "Magnificent Seven" companies: Apple ( AAPL 3.65%), Meta Platforms ( META 2.19%), Microsoft ( MSFT 2.91%), and Tesla ( TSLA 0.24%). Read on for details.
Viewing humanoid robots as a threat is just as detrimental to progress and development as considering AI itself dangerous.
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle and SoftBank are leading the newly announced Stargate initiative under President Trump — a project aiming to invest $500 billion into AI frameworks over the coming years.
The company formerly known as Google has seen almost a 16 per cent rise in share price from when Trump was confirmed as having won the US election in early November, and while it has held fairly steady across the past month, the final week of Joe Biden’s administration did see an initial 1.6 per cent rise.
Microsoft's disappointing Azure numbers are "neutral to modestly negative" for rivals Amazon.com and Alphabet, according to RBC Capital Markets analyst Brad Erickson. Alphabet stock rose 1% while Amazon's was marginally lower.
The robotaxi service Musk said will launch in June will likely be distinct from the purpose-built “Cybercab” vehicles that it touted at a splashy LA event in October. Tesla said at the time that it would aim to start manufacturing its Cybercab—which won’t have a steering wheel or pedals—sometime before 2027.
Amazon founder Jeff Bezos is plotting to challenge Elon Musk's Starlink in the UK broadband market, with plans to launch an alternative — dubbed Project Kuiper — as early as this year. Starlink uses satellites orbiting the Earth to power your home Wi-Fi connection,
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,
Investors believe DeepSeek’s AI debut will not impact the Magnificent Seven companies, with 88% of respondents expecting minimal effects on the S&P 500. The survey highlights President Trump’s policies as a primary driver of market volatility this year,
UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.