AeroVironment shares skyrocketed 21% after the dronemaker easily blew past Wall Street’s fiscal fourth-quarter estimates, benefiting from U.S. plans to modernize the military and secure space. The Virginia-based defense company more than doubled revenue from a year ago to $642 million, while funded backlog jumped 65% to $1.2 billion. Revenue for autonomous systems totaled $492…
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Australia’s competition regulator is taking Amazon‘s Australian unit to court, alleging that unfair terms in its Prime subscription contracts allowed the company to introduce advertising to its video streaming platform….
AeroVironment stock ripped 19% higher on Monday after the bell as the dronemaker reported fourth-quarter earnings that beat on the top and bottom lines. The company smashed expectations, reporting earnings of $1.84 per share while analysts polled by LSEG were expecting $1.46 per share. Revenue also came in ahead, more than doubling to $642 million…
A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. Jeenah Moon | Reuters SpaceX’s $25 billion foray into debt markets appeared to be well received by bond markets last week, with huge demand for the…
A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025. Ying Tang | Nurphoto | Getty Images Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin…
As Europeans scramble to stay cool amid a record-breaking heatwave, Big Tech faces its own battle to keep the powerful chips in AI data centers running. Temperatures this week have underscored the impact the weather can have on infrastructure like factories, nuclear power plants and data centers. Extra demand from air conditioning units can overload…
Close-up of logo for Samsung on research building in the Silicon Valley, Mountain View, California, October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Shares of Samsung Electronics and SK Hynix plunged on Monday after reports surfaced that the pair are expected to unveil investment plans worth more than a trillion dollars. Samsung…
Apple on Thursday announced price hikes on MacBooks and iPads, its first formal move to pass higher memory and storage costs on to consumers after CEO Tim Cook said increases had become unavoidable. Shares of the company closed more than 6% lower on Thursday after the price change, the worst fall since April 2025. Here…
HP computers at a Best Buy store on Black Friday in New York, Nov. 28, 2025. Victor J. Blue | Bloomberg | Getty Images As the global artificial intelligence race accelerates, memory chips are getting more expensive. As a result, costs of some consumer electronics are beginning to rise for retailers and consumers alike. Memory…
An exclusive look inside GE Vernova‘s largest gas turbine plant in Greenville, South Carolina, offers fresh evidence that the artificial intelligence boom is going strong. Inside, engineers are working alongside factory workers to speed up production of this complex machine. The company hired 200 workers last year, and 300 more are expected to start working…
