Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
Amazon , Meta Platforms , Microsoft and Apple headline the busiest week of this summer earnings season. Plus, the Federal Reserve holds its July policy meeting, which adds intrigue following rekindled Middle East tensions. 1. Earnings: We’ve got 10 Club names reporting this week, including the other three hyperscalers on the heels of Alphabet earnings…
People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at Shanghai New International Expo Centre on April 14, 2021 in Shanghai, China. Visual China Group | Getty Images Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut Thursday, as investors cheered the market entry…
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…
Wall Street spent the week debating who the biggest winners and losers of the artificial intelligence boom will ultimately be. Memory chipmaker Micron’s blockbuster earnings reinforced the fervent demand for computing resources, but it also led investors to question whether the AI buildout is becoming too expensive for the hyperscalers funding it. The tech-heavy Nasdaq…
Apple CEO Tim Cook looks on during an event with President Donald Trump in the Oval Office of the White House on Aug. 6, 2025. Win Mcnamee | Getty Images Earlier this year, Mono Technologies assembled and shipped nearly 1,000 units of its flagship product, a $600 router development kit. Co-founder Tomaž Zaman, who started…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Rollercoaster. That’s probably the most accurate word to describe SpaceX’s opening two weeks as a public company. The stock surged for several successive days following a record-breaking IPO, briefly overtaking both Amazon and Microsoft in terms of market…
Apple shares took a big hit Thursday after the company announced bigger-than-expected price hikes on its MacBooks and iPads. It’s a bump in the road — but one that the tech giant is well-equipped to handle. The stock had its worst single session in more than a year, falling more than 6%, as management made…
Apple CEO Tim Cook and Jalen Brunson, basketball player for the New York Knicks, during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, Sept. 19, 2025. Bloomberg | Bloomberg | Getty Images For the past few years, consumers have been swarming to AI chatbots and…
