CNBC's The China Connection newsletter: Waiting for AI to lift the whole market
China’s economy sees a lift from artificial intelligence-related industries, while real estate and domestic demand remain lackluster. Source link
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Musk from 10% chance of success to $2 trillion valuation
A video displays Elon Musk, founder of SpaceX, after the company’s initial public offering at the Nasdaq MarketSite in New York on June 12, 2026. Michael Nagle | Bloomberg | Getty Images Shortly before the opening of Nasdaq trading on Friday, Elon Musk stepped in front of a cheerful crowd at SpaceX’s company town in…
Bulls push S&P 500 back near records. What drove the market last week
Stock market bulls wrestled back control last week after a brief respite, putting the S & P 500 back on the cusp of another record high. The index has now advanced for eight straight weeks since its Iran wartime bottom on March 30, its longest winning streak since late 2023, when it strung together nine…
SpaceX is the biggest IPO ever. These debuts also set records
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters When SpaceX finally debuts on the Nasdaq, under the ticker symbol SPCX, it will almost certainly set a record for the largest offering ever. By a long shot. Elon Musk’s reusable rocket maker filed its long-awaited IPO…
Alibaba reveals more powerful Zhenwu AI chip, new LLM
An Alibaba logo is displayed at the company’s booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept. 10, 2025. Maxim Shemetov | Reuters CHONGQING, China — Alibaba announced Wednesday its new artificial intelligence chip is three times more powerful than its predecessor, as rival Nvidia struggles to get its advanced…
SpaceX picks Goldman Sachs for lead left position on IPO, sources say
Tesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images SpaceX, which is getting set to publicly disclose its IPO prospectus, has picked Goldman Sachs to…
Google gives first glimpse of new AI glasses ahead of fall launch
Google Vice President of Android XR Shahram Izadi speaks during the keynote address at Google I/O on May 19, 2026 in Mountain View, California. Benjamin Fanjoy | Getty Images Google gave a first look at its first audio smart glasses on Tuesday, as the company tries to crack a corner of the wearables market where…
Musk, Altman take their battle from court to Wall Street ahead of IPOs
Elon Musk arrives to court at the Ronald V. Dellums Federal Building on April 30, 2026 in Oakland, California. Benjamin Fanjoy | Getty Images Elon Musk lost his lawsuit against OpenAI CEO Sam Altman on Monday, ending one round in the fight between the former friends and co-founders, and setting the stage for an even…
Cerebras’ blockbuster IPO boosts hype for SpaceX, OpenAI, Anthropic
Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., center left, during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images Cerebras Systems‘ raucous IPO this week gave investors a taste of what’s to come in artificial…
Here’s what you need to know
Cerebras Systems‘ monster debut on Thursday didn’t just place it among tech’s biggest-ever IPOs — it was a crystal clear signal of unstoppable demand for chips to power AI, as tech giants scramble to find alternatives to the costly, sold-out graphics processing units made by Nvidia. Cerebras closed its first day trading on Wall Street…