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Grok Was Always Going To  Cripple SpaceX
24/7 Wall St.97d agoneutral
Grok Was Always Going To Cripple SpaceX

xAI, the part of SpaceX (NASDAQ: SPCX) that operates Grok, was always going to drive the entire company under. SpaceX had almost $19 bullion in revenue last year. It lost almost $5 billion. xAI lost $6.4 billion on $3.2 billion. And Grok has already lost its chance to compete with OpenAI, Anthropic, Google, and even ... Grok Was Always Going To Cripple SpaceX

This Stock Will Dominate The Second Half of 2026
24/7 Wall St.97d agoneutral
This Stock Will Dominate The Second Half of 2026

Alphabet (NASDAQ:GOOGL) has been one of the loudest AI winners of the past 12 months, but a sharp June pullback has reset the setup heading into the second half of 2026. Our 24/7 Wall St. price target for Alphabet is $445.85, implying 27.83% upside from the current $348.78. Confidence is high at 90%, and the ... This Stock Will Dominate The Second Half of 2026

Did Oracle Need To Fire 21,000 Because It Is In Trouble?
24/7 Wall St.97d agoneutral
Did Oracle Need To Fire 21,000 Because It Is In Trouble?

Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company’s total workforce. Oracle took a charge of $1.84 billion. In its 10K, the company explained “… improve operational efficiencies, including through the adoption and integration of AI technologies…” But is that ... Did Oracle Need To Fire 21,000 Because It Is In Trouble?

Cloud AI Today - AI Investment Shifts Focus to Growth Amid Scaling Challenges
Simply Wall St.97d agoneutral
Cloud AI Today - AI Investment Shifts Focus to Growth Amid Scaling Challenges

Akkodis' recent report highlights a shift in the landscape of AI investment, where innovation has overtaken efficiency as the primary driver, signaling a focus on growth and new business models. Despite accelerating AI adoption, CTO confidence in scaling AI has dropped significantly, hindered by challenges in integrating AI across enterprise systems. The report identifies agentic AI as a crucial trend, demanding new governance frameworks, as tasks increasingly require clarification for human...

Reuters97d agoneutral
Morning Bid: SpaceXhaust

June 23 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets Big Tech started the week in reverse, with megacaps Alphabet and Amazon each falling around 5% on Monday, dragged down by a mix of concerns: interest ‌rate expectations, lofty AI spending and rising debt.

Bloomberg97d agoneutral
SpaceX Rout Set to Push Market Value Below $2 Trillion

(Bloomberg) -- SpaceX shares extended declines in premarket trading, a day after the company saw the second-largest single-session drop in market value on record. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head Wh