AI Is Going Well For Microsoft, But Cybersecurity Is Not
Microsoft faces security challenges as recent attacks have shaken trust in the company. With emphasis on AI and cloud, analysts are optimistic.
XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad
As the European Commission investigates Chinese EVs, XPeng weighs overseas production options amidst regulatory adjustments. Brian Gu, co-president of Volkswagen-backed XPeng, reports potential shifts in strategy amid evolving regulations. With eyes on a 10% international sales boost, XPeng targets US market entry despite challenges.
Honda’s Bet On Canadian EV Hub: Reportedly Plans $11B Investment
Honda Motor reportedly announces a groundbreaking $11 billion investment to pioneer electric vehicle manufacturing in Canada. Collaborating with Canadian authorities, this strategic move signifies Honda's commitment to meeting the rising demand for electric vehicles in North America. The decision underscores a significant milestone for Canada's emergence as a pivotal player in the regional electric vehicle market.
Nvidia Bolsters AI Management Capabilities, Purchases Israeli Firm Run:ai for Roughly $700M
Nvidia announced acquisition of Israeli startup Run:ai for $600-700 million, expanding its AI workload management platform and R&D operations.
Oracle Targets Nashville for New Global HQ, Aiming to Enhance Healthcare Focus
Oracle relocating HQ to Nashville, TN to strengthen ties with healthcare industry. Stock up 23% in past year. Plans to invest in Japan's cloud boom.
Taiwan Semi Sets 2026 Launch for A16 Chip Technology, Aiming to Outpace Intel in Speed
TSMC announced new chip manufacturing technology A16 will start production in 2026, challenging Intel. Stock gained 62% in last 12 months.
Bullish Boeing Analyst Says ‘Didn’t Expect Things To Start Falling Apart In Midair:’ ‘If They Get It Right, It’s An Incredible Opportunity’
Boeing's fundamentals woes may not disappear in a jiffy but would require the company to put in the hard mile before turnaround can occur, says an analyst.
Meta Platforms, Goldman Sachs And More On CNBC’s ‘Final Trades’
Meta Platforms reported first-quarter revenue of $36.45 billion, which was up 27% year-over-year. Revenue came in ahead of Street estimates.
Apple’s Top Marketer For Vision Pro Bids Farewell After 36 Years At Cupertino Amid Demand Slump
Frank Casanova, the lead marketer for Apple Vision Pro headset, has retired amid falling demand for the device.
Tesla’s Latest China Rival Xiaomi Registers Record Bookings For Its EV: Report
Xiaomi's SU7 electric sedan reportedly racks up 75,723 orders, eyeing 10,000 deliveries in June. Founder Lei Jun sets record targets at Beijing auto show, marking a milestone for EV startups.