Cyber stocks rally on AI spending change comments from IBM’s Krishna

Okta and Crowtstrike. Jonathan Raa | Nikolas Kokovlis | Nurphoto | Getty Images Cybersecurity stocks jumped on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company’s preliminary second-quarter results. During the period, Krishna said customers shifted spending to servers and memory and that “rapidly-evolving, industry-wide cybersecurity…

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SpaceX alumni who founded TerraFirma land $115M funding round

TerraFirma’s semi-autonomous construction equipment Courtesy: TerraFirma As SpaceX‘s Elon Musk sells investors on a space economy with life beyond Earth, a two-year-old construction startup founded by two of the company’s former engineers is positioning itself for the future of interplanetary infrastructure. TerraFirma on Tuesday said it raised $115 million in a funding round with investments…

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UMC starts mass production in Singapore; Citi sees improving outlook

Commercial buildings illuminated at dusk in Singapore, on Monday, Feb. 2, 2026. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Taiwan’s second-largest contract chipmaker, United Microelectronics Corporation (UMC), announced Tuesday its first mass-produced silicon photonics wafers manufactured within its Singapore facility. UMC is aiming to address the growing demand for high-speed…

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