A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly reached a $1 trillion market capitalization on Friday, the first health-care company in the world to join the exclusive club dominated by tech firms. Eli Lilly briefly hit…
OpenAI is partnering with Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup’s latest announcement tied to its massive infrastructure development plans. While no financial terms were disclosed, OpenAI said in Thursday’s announcement that it will have early access to evaluate…
U.S. President Donald Trump and Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia stand for a photo with Tesla CEO Elon Musk, Nvidia CEO Jensen Huang and other participants at the U.S.-Saudi Investment Forum at the Kennedy Center on Nov. 19, 2025 in Washington, DC. Win McNamee | Getty Images The U.S….
Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Woohae Cho | Getty Images News | Getty Images Nvidia reported fiscal third-quarter earnings on Wednesday that topped Wall Street expectations for sales and earnings and provided stronger-than-expected…
The Anthropic website on Friday, Aug. 22, 2025. Gabby Jones | Bloomberg | Getty Images Money keeps flowing into artificial intelligence companies but out of AI stocks. In what looks like — once again — a scenario of the left hand scratching the right, Microsoft and Nvidia will be investing a combined $15 billion into…
Wall Street’s love affair with the artificial intelligence trade — a major driver of the market’s gains in recent years — has encountered a rough patch this fall. And on Tuesday, CNBC’s Jim Cramer said more declines in AI stocks could be on the way. In examining what has resulted in the red-hot AI trade turning…
Microsoft on Tuesday announced new strategic partnerships with Nvidia and the artificial intelligence startup Anthropic, the latest sign that the company is working to reduce its dependence on OpenAI. As part of the agreement, Microsoft will invest $5 billion into Anthropic, while Nvidia will invest $10 billion into the startup. The investments have pushed Anthropic’s…
Judson Althoff, CEO of Microsoft’s commercial business and then mresident of Microsoft North America, speaks during We Day at KeyArena in Seattle on April 23, 2015. Mat Hayward | Getty Images Entertainment | Getty Images Microsoft made it easier for corporate workers to make AI agents that go off and do work. Now it’s demonstrating…
Omar Marques | Lightrocket | Getty Images Internet infrastructure company Cloudflare was hit by an outage on Tuesday, knocking several major websites offline for global users. OpenAI’s ChatGPT and Elon Musk’s social media platform X appear to have been affected by the Cloudflare issues, according to Downdetector, which itself could not be accessed for some…
Global equities tumbled Tuesday as concerns of inflated valuations and an uncertain macro environment grips investors ahead of Nvidia earnings this week. The pan-European Stoxx 600 opened in negative territory on Tuesday with mining-linked stocks and banks leading Europe’s losses. The Stoxx Europe 600 Technology Index shed 1.4%, following in the footsteps of U.S. stocks as fears of an artificial intelligence-fueled bubble persist. The three major U.S. indexes, Dow Jones…
