Alphabet is tapping debt markets once again as artificial intelligence spending reshapes the financing strategies of the world’s biggest technology companies. The Google parent is seeking to raise between $20 billion and $25 billion through its latest US bond offering, Reuters reported, citing a source familiar with the matter. The fundraising comes just weeks after
Figma stock dropped sharply after the company published its earnings report, which showed that its artificial intelligence costs soared. FIG dropped to $22.3, down substantially from this week’s high of $27.80. So, is it safe to buy the dip or sell the rip? Figma published strong earnings, but higher AI costs Figma, a top company
Honeywell Aerospace HONA shares plunged about 20% on Thursday after the newly independent aerospace and defense supplier reported weaker-than-expected second-quarter results and sharply reduced its full-year guidance, raising fresh concerns over execution and supply chain challenges. The company, which completed its separation from Honeywell Technologies in June, reported second-quarter revenue of $4.52 billion, up 5%
Alphabet moved to raise up to $25 billion through a US bond offering as artificial intelligence spending continues to reshape Big Tech financing strategies. Memory stocks came under pressure despite better-than-expected earnings from Western Digital and Sandisk, while gold retreated as rising oil prices revived inflation concerns. Crude oil surged after reports that Iran is
Wall Street ended lower on Thursday as investors paused after this week’s record-setting rally, weighing a fresh round of corporate earnings alongside renewed uncertainty over developments in the Middle East. The Dow Jones Industrial Average dropped 454 points, or 0.83%, while the S&P 500 slipped 0.18%. The Nasdaq Composite edged 0.04% lower as weakness in
Lucid Group LCID shares fell about 15% on Wednesday after the electric vehicle maker reported second-quarter results that highlighted continued revenue growth but also wider losses, rising cash burn and ongoing profitability challenges. The company reported second-quarter revenue of $405.3 million, up from $259 million a year earlier. While sales exceeded one set of Wall
Alphabet shares GOOGL fell about 4% on Wednesday after the Google parent announced a sweeping leadership overhaul of its artificial intelligence division, alongside the departure of several senior AI executives, as investors assessed the company’s competitive position in the rapidly evolving AI race. The restructuring comes at a critical time for Google DeepMind, with the
Wall Street digested another busy day of corporate developments and macroeconomic news on Wednesday, with investors weighing a major leadership reshuffle at Alphabet, a sharp selloff in SpaceX despite strong earnings, and renewed moves across commodity markets. Alphabet’s researchers leaving raises AI concerns Alphabet shares fell about 4% after the Google parent unveiled a sweeping
The Dow Jones Industrial Average closed at another record high on Wednesday, outperforming the broader market as gains in Nvidia and strong corporate earnings offset weakness in several major technology stocks. The S&P 500 and Nasdaq Composite ended lower after pulling back from intraday highs, with investors digesting mixed earnings reports and fresh economic data
SanDisk (SNDK) shares are inching lower in extended hours on Wednesday even though the flash memory products specialist delivered a massive top and bottom-line beat. The multinational more than quadrupled revenue to $8.97 billion in its fiscal Q4, on a remarkable $39.25 a share of earnings (EPS). The quarterly print is adding to pressure on