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Anthropic has signed an agreement with SpaceX to significantly expand its computing capacity, as demand for its Claude artificial intelligence software continues to accelerate. Under the deal, Anthropic will access computing resources from SpaceX’s large-scale data center in Memphis, known as Colossus 1. The companies said the partnership would “substantially” increase Anthropic’s compute capacity and… Continue reading Anthropic taps SpaceX AI data center to expand Claude capacity

Chicago-headquartered McDonald’s Corp (MCD) is inching higher in the run-up to its Q1 earnings set to land on May 7th before market open. Consensus is for the fast-good giant to post $2.75 per share of earnings (EPS) for its first financial quarter on an 8.9% year-over-year increase in revenue to $6.49 billion. Despite recent gains,… Continue reading McDonald’s earnings preview: prediction markets betting big on a beat

Advanced Micro Devices (AMD) is ripping higher on May 6 on the back of a blowout Q1 earnings release – featuring not only a beat on the top and bottom line, but an impressive guidance for the current quarter as well. AMD shares are up nearly 15% at the time of writing, compounding a remarkable… Continue reading AMD stock drives chip sector into a territory last seen 25 years ago

Arm Holdings is set to report its fourth-quarter earnings on Wednesday afternoon, with investor attention focused on its strategic shift into designing its own data center CPU and the implications for its elevated valuation. Shares of the chip designer traded 9% higher on Wednesday ahead of the results, reflecting continued optimism around its positioning in… Continue reading Arm stock jumps 9% ahead of earnings: can AI bets justify valuation?

Wall Street’s main indexes opened higher on Wednesday, extending a strong run fueled by optimism over a potential US-Iran peace agreement and continued enthusiasm around artificial intelligence-driven growth. Stock indices advanced after reports suggested Washington and Tehran were nearing a deal to end the conflict. The Dow Jones Industrial Average rose 448 points, or 0.91%,… Continue reading Dow jumps 448 points on Iran deal hopes, AI rally lifts stocks

Shares of Corning surged about 20% in premarket trading on Wednesday after the company announced a multiyear partnership with Nvidia to expand optical manufacturing capacity in the United States. The collaboration will focus on developing advanced optical technologies for artificial intelligence infrastructure, including the construction of three new manufacturing facilities in North Carolina and Texas.… Continue reading Corning stock surges 20% on Nvidia deal to expand AI optical manufacturing

Global airlines have cut around 13,000 flights scheduled for May, as surging jet fuel prices driven by the Middle East conflict force carriers to trim capacity and reassess operations. The cancellations account for roughly 1% of global flights, a notable disruption across the aviation sector. Data shows that nearly two million seats have been removed… Continue reading Airlines trim 13,000 May flights as jet fuel costs spike globally

Shares of Uber Technologies surged nearly 10% in premarket trading on Wednesday after the company reported first-quarter results that exceeded analyst expectations, supported by strong growth in trips and gross bookings. The ride-hailing platform posted adjusted earnings of 72 cents per share, ahead of FactSet estimates of 69 cents. Revenue rose 14% year-on-year to $13.2… Continue reading Uber stock jumps 10% after earnings beat as trips, bookings surge

The UK stock market rallied sharply on Wednesday as investor sentiment improved amid growing expectations of a potential agreement between the United States and Iran following months of conflict in the Gulf region. The benchmark FTSE 100 index rose 2.4% by 1055 GMT, while the midcap FTSE 250 climbed 2.6%, reaching its highest level in… Continue reading UK stocks rally on US-Iran deal hopes as oil drops