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Oklo shares rose on Thursday after the company announced a partnership with Nvidia, marking its latest effort to build investor confidence as it advances toward commercial deployment of its nuclear technology. The stock gained about 6.3% to $77.02 following the announcement. The collaboration will see Oklo use Nvidia’s artificial intelligence infrastructure to support modeling, simulation,… Continue reading Oklo stock jumps as Nvidia AI deal fuels nuclear energy push

Meta Platforms, Inc. plans to lay off about 10% of its workforce, or roughly 8,000 employees, as the social media giant looks to streamline operations and offset rising costs tied to its aggressive push into artificial intelligence. The company disclosed the move in a memo sent to employees on Thursday, Bloomberg reported, stating that the… Continue reading Meta to cut 10% workforce as AI spending surge drives overhaul

United Rentals shares surged on Thursday, leading the S&P 500, after the company reported stronger-than-expected first-quarter results and raised its full-year guidance on the back of robust demand across construction and industrial markets. The equipment rental provider posted adjusted earnings per share of $9.71 for the first quarter, up from $8.86 a year earlier and… Continue reading United Rentals stock soars 23% as earnings beat lifts outlook

Lululemon (NASDAQ: LULU) is seeing immense pressure on Thursday after the athletic apparel retailer named Heidi O’Neill its next chief executive, set to take the helm on Sept. 8. O’Neill has been with rival Nike for about 25 years, having most recently served as its president of consumer, product, and brand. While she brings decades… Continue reading Lululemon stock: why markets seem to dislike its new CEO

Microsoft is offering voluntary retirement buyouts to thousands of employees in the United States, marking the first programme of this scale in the company’s history as it looks to manage costs while ramping up investment in artificial intelligence. Around 7% of Microsoft’s US workforce will be eligible for the offer, according to reports from Bloomberg… Continue reading Microsoft offers buyouts to 7% US staff amid AI spending surge

KPMG is cutting around 10% of its US audit partners, marking a significant step in efforts to improve productivity after years of unsuccessful attempts to encourage voluntary retirements. The move was disclosed during a meeting on Wednesday, where attendees were told the size of the audit partnership had become misaligned with the firm’s business needs,… Continue reading KPMG cuts US audit partners by 10% in push to boost productivity

Tesla delivered a stronger-than-expected first-quarter performance, but the market reaction underscored a growing disconnect between near-term results and longer-term expectations tied to its artificial intelligence ambitions. The company reported earnings per share of 41 cents, beating Wall Street estimates of 34 cents, according to Bloomberg data. Revenue also topped forecasts, coming in at $22.39 billion… Continue reading Tesla beats earnings—so why is the stock falling

QuantumScape (NASDAQ: QS) posted impressive headline numbers for its fiscal Q1 on Apr. 23, but the real story lies in its strategic pivot into the artificial intelligence (AI) data center market. On Thursday, the batteries specialist recorded a narrower-than-expected per-share loss of 16 cents, which helped its stock price break above the 100-day moving average… Continue reading QuantumScape stock just transformed into an AI infrastructure play

Lockheed Martin Corporation reported weaker-than-expected first-quarter results, with profit declining and cash flow turning negative, even as demand for its weapons systems remains strong amid heightened geopolitical tensions. The defense contractor posted quarterly profit of $1.49 billion for the period ended March 29, down from $1.71 billion a year earlier. Earnings per share came in… Continue reading Lockheed stock slips as profit drops, cash burn overshadows demand boom