Nikos Pekiaridis | Nurphoto | Getty Images Spotify shares jumped 6% after the music streaming platform laid out guidance for 2030 at its first investor day since 2022. The company forecasted revenue at a compounded annual growth rate in the mid-teens and gross margins between 35% and 40%. Spotify referred to plans to reach 1…
A Starlink user terminal being set up. SpaceX Elon Musk’s SpaceX is best known for its reusable rockets, and has been capturing headlines this year for its high-priced move into artificial intelligence through its merger with xAI. But as the company pitches investors ahead of its mammoth IPO, there’s another part of its business that…
Bloom Energy power storage equipment in San Ramon, California. Smith Collection | Gado | Archive Photos | Getty Images Bloom Energy’s shares were higher before the opening bell after it unveiled a partnership with Europe’s Nebius, an AI cloud provider seeking to overcome power constraints in the AI infrastructure buildout. Nebius said Wednesday that it…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during the 2026 CES event in Las Vegas, Nevada, US, on Monday, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images AMD on Thursday said it will invest more than $10 billion across Taiwan’s semiconductor and AI ecosystem to advance chip…
International Business Machines Corp. (IBM) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 8, 2025. Michael Nagle | Bloomberg | Getty Images Quantum computing shares popped in premarket trading on Thursday, following reports that the U.S. government will award $2 billion in grants to nine…
The CEO of one of France’s biggest engineering groups told CNBC that Europe mustn’t rely on U.S. infrastructure, warning of “dangerous” over-reliance on infrastructure like Elon Musk‘s Starlink. “There [are] two things for the future where we need [Europe to] realize how big it is. This is AI, and this is satellite,” Bouygues CEO Olivier…
Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images After years of delays, Tesla announced Thursday that its “Full Self-Driving” capabilities are now available for its electric vehicles sold in China, as China’s domestic EV brands have long since rolled…
Ubisoft shares plunged 16% on Thursday after the Assassin’s Creed maker warned of further losses this year. The move comes after years of stock price declines for the game developer following the Covid-19 pandemic, delays to major releases and financial struggles. Shares in the company fell 34% in January after the company announced a major…
Goldman Sachs is soaring after securing a key role in SpaceX’s historic IPO. Elon Musk ‘s rocket company has selected the bank for the record-setting public debut, according to a prospectus filed on Wednesday. The deal is a financial windfall that positions Goldman’s dealmaking division to potentially win lead roles in other major IPOs expected…
Intuit CEO Sasan Goodarzi speaks at the ribbon-cutting ceremony during opening night at Intuit Dome in Los Angeles, Aug. 15, 2024. Amy Sussman | Wireimage | Getty Images Tax and finance software maker Intuit said Wednesday that it is cutting 17% of its full-time workforce, the latest tech company to announce a mass downsizing during…