A potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten key data center projects, according to tech investor Jack Selby. Middle East investors — including sovereign wealth funds and government entities — account for roughly a quarter of global investments committed to…
Mirsad Sarajlic | Istock | Getty Images Iran is facing a severe internet blackout impacting its population of over 90 million as the country’s conflict with the U.S. and Israel continues. The country has now spent over 48 hours in a near-total internet blackout, according to data from independent internet watchdog NetBlocks posted at 2:35…
Nvidia’s H200 AI chip sales to China still await a U.S. security review nearly two months after exports were approved, the Financial Times reported on Tuesday. (Photo Illustration by Nikolas Kokovlis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Nvidia’s H200 AI chip sales to China remain in limbo nearly two months after U.S. President Donald Trump approved exports, pending a U.S. national security review, the Financial Times reported on Tuesday,…
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI…
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were…
Senator Elizabeth Warren, a Democrat from Massachusetts, during a Senate Armed Services Committee confirmation hearing in Washington, DC, US, on Thursday, Jan. 15, 2026. Aaron Schwartz | Bloomberg | Getty Images Democrats on the Senate Banking Committee demanded that Chair Tim Scott delay the nomination of Kevin Warsh to lead the Federal Reserve until a…
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Alphabet’s Waymo unit will begin test-driving robotaxis at its first California-based airport, the company said Thursday. The autonomous car unit has been cleared to begin testing driverless rides at the San José Mineta International Airport in San Jose, California, this…
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty Images Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, The Wall Street Journal reported on Wednesday, citing people familiar with the matter. The parent of high-end department…
Check out the companies making headlines before the bell: AMD — The chipmaker surged more than 23% following a deal reached by OpenAI and Advanced Micro Devices that could see the ChatGPT parent take a 10% stake in AMD. Comerica , Fifth Third Bancorp — Fifth Third Bancorp announced a $10.9 billion all-stock deal to…
There’s a strong investment opportunity in ASML as the stock heads towards a major turning point in 2027, according to UBS. Analyst Francois-Xavier Bouvignies lifted his rating on the Netherlands-based chipmaker manufacturing equipment maker to buy from neutral, partly given his renewed optimism on ASML’s lithography business. The company is the only one in the…
