Broadcom, Meta, UCLA and other partners are launching a US$125 million AI semiconductor research and talent hub over five years. The company is also working with Applied Materials on next generation AI chip packaging technologies. Both efforts focus on energy efficient, high performance AI computing and closer ties between industry and academia. For investors watching NasdaqGS:AVGO at a share price of about US$414.57, these moves sit alongside a very strong multi year share price run, with...
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US President Donald Trump has postponed signing an executive order on artificial intelligence becaus
Wall Street firms raised price targets after strong cloud growth and expanding AI demand.
Five-year partnership aims to support next-generation semiconductor research.
Broadcom and Meta Trigger $125 Million AI Chip Race
Layoff notifications have long included wording about tough decisions in challenging times. Now, they're also increasingly nodding at how automation is reshaping workforces and companies' priorities.
(Updates with TikTok's response in the fourth paragraph.) Alphabet's (GOOG, GOOGL) Google, Meta P
3M (NYSE:MMM) has joined a multi source agreement with major technology companies to standardize expanded beam optical connectivity for AI infrastructure. The alliance includes firms such as AMD, Cisco, Meta, and Oracle, and targets open, interoperable specifications for hyperscale data centers. The agreement focuses on accelerating deployment of next generation optical interconnects that support robust, scalable AI systems. For investors watching NYSE:MMM, this move comes with the stock...
SpaceX accounts for 16.2% of DXYZ’s portfolio, while VCX holds Anthropic at 20.7%, OpenAI at 9.9% and SpaceX at 5%.

<body><p>STORY: Texas is suing WhatsApp and parent firm Meta.</p><p>The state says they misled consumers over the messaging app’s encryption and privacy standards.</p><p>In a statement Thursday, Texas Attorney General Ken Paxton said “WhatsApp markets its services as secure and encrypted, but it does not deliver on those promises”.</p><p>The lawsuit says users are given false assurance that their messages are encrypted, even though Meta and WhatsApp have access to “virtually all” private communications on the app.</p><p>A Meta spokesman called the allegations “false”, and said that WhatsApp cannot access people’s encrypted messages.</p><p>The suit seeks a court order barring access to Texans’ communications without their consent.</p><p>It also demands monetary penalties.</p><p>The legal action cites reports about a federal probe into claims that Meta had access to unencrypted WhatsApp messages.</p><p>It also refers to a whistleblower report to U.S. financial watchdogs.</p><p>Paxton’s office has previously filed similar claims against big companies, including one against Google.</p><p>Last year the search giant agreed to pay $1.375 billion to settle claims that it violated users’ data privacy.</p></body>
The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta Platforms Inc alleging they misled consumers about the strength and scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County court says WhatsApp and Meta falsely assure users that WhatsApp messages are encrypted despite having access to “virtually all” private communications on the messaging app. “WhatsApp markets its services as secure and encrypted, but it does not deliver on those promises,” Texas Attorney General Ken Paxton said in a statement.
(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De
(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US's Latest Proposal Has 'Narrowed the Gaps'Modi's Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De
(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR
The companies reached a settlement with a Kentucky school district to avoid a coming trial over accusations that they intentionally designed their platforms to addict young people.

Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down SpaceX's (SPAX.PVT) finances ahead of its upcoming initial public offering (IPO).
Robin Thurston, CEO of Outside Inc., is building products, partnerships and experiences that get people off their devices and back outdoors.
Meta Platforms has been one of the weaker members of the Magnificent Seven. Its charts show things could be turning around.
The Breathitt County School District in Kentucky had sought over $60 million from Meta and other platforms over students' mental health
Shares of Intel (NASDAQ:INTC) are trading near $119 in Thursday afternoon action, essentially flat on the session, while Advanced Micro Devices (NASDAQ:AMD) stock hovers near $446, down only slightly. The headline today isn’t the tape; it’s the scoreboard year-to-date. Intel stock has returned 222% in 2026 so far, roughly twice AMD stock’s 108% gain. That’s ... Intel Has Doubled AMD’s 2026 Gains. Is It Time to Rebalance Your Chip Stocks?
Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn't quite materialized, but likely will – in some form.
Meta Platforms, Inc. (NASDAQ:META), featuring a net income margin of 39.36% and upside potential of 35.26%, secures a spot on our list of the best extremely profitable stocks to buy according to Wall Street analysts. The company reported net income of $60.46 billion for the recently completed fiscal year (FY25). Meta Platforms, Inc. (NASDAQ:META) is […]
Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court in Oakland, California.
CoreWeave (NASDAQ:CRWV) has whipsawed investors with triple-digit revenue growth, a $99 billion backlog, and one of the heaviest capex profiles in the cloud sector. After a 14.58% pullback over the past month, the question is whether the AI hyperscaler discount has gone too far. Our 24/7 Wall St. price target for CoreWeave is $165.77, implying ... CoreWeave Scores Big With Meta — We See 66% Upside
Software giant becomes the index's biggest drag as Azure growth and $190 billion capex outlook weigh on sentiment.
Wall Street has cheered almost every press release about AI infrastructure, with hyperscalers Microsoft, Google, Amazon, Meta, and Oracle, plus the Stargate joint venture, committing more than $1 trillion in announced data center spending. The Contradiction The market loves it. Local zoning boards do not. In Loudoun County, Tucson, central Ohio, and across rural Wyoming, ... $1 Trillion in Spending Has Been Defeated by an Almond