Oracle’s stock has been one of Wall Street’s most dramatic AI-driven stories, but investors now want hard proof the company can back up the hype. Shares of Oracle (ORCL) surged 71% over the past three months as investors piled into the company’s cloud infrastructure narrative and its deepening role in AI workloads. The company reports…

British drugmaker GSK has agreed to acquire U.S.-listed oncology specialist Nuvalent in an all-cash deal valued at $10.6 billion. The transaction values Boston-based Nuvalent at approximately $124 per share, representing a 40% premium to its last closing price. Net of cash acquired, GSK’s aggregate investment is estimated at $9.4 billion, with the deal primarily funded…

ChatGPT maker OpenAI has filed confidentially for an initial public offering, the company announced Monday in a blog post submitted to the public. The Sam Altman-led firm submitted its IPO paperwork directly to the U.S. Securities and Exchange Commission, making it one of the most anticipated filings in recent memory. “We expect it to leak…

Elon Musk is pushing forward with an ambitious plan to launch artificial intelligence data centers into orbit, arguing that space offers power advantages Earth simply cannot match. Speaking before a crowd earlier this year, Musk framed the entire initiative around a fundamental energy problem facing the AI industry on the ground. “You’re power constrained on…

The federal government is in preliminary talks with major artificial intelligence companies about taking ownership stakes in the rapidly expanding sector. President Donald Trump confirmed Friday that his administration is actively considering acquiring government equity positions in leading AI developers. Speaking to reporters aboard Air Force One, Trump said discussions had already taken place with…

Analysts are warning that the next generation of video game consoles could cost consumers as much as $1,000, and hardware upgrades are not the reason. The PlayStation 6 and Xbox Project Helix are among the upcoming platforms expected to face dramatic price increases driven entirely by external economic pressures. A surge in global demand for…

Intel (INTC) stock skyrocketed more than 11% in premarket trading after reports emerged that Google and Nvidia are evaluating or selecting Intel as a backup AI chip foundry. The Information reported that Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028, according to four people with…

SpaceX is preparing to make history with the largest initial public offering ever recorded, targeting a $75 billion fundraise on the Nasdaq under ticker SPCX. The company has set a fixed price of $135 per share and is scheduled to begin trading on June 12, more than doubling Saudi Aramco’s 2019 record of $29 billion….

The technology sector has experienced a significant pullback in recent months, rattling investors who had grown accustomed to relentless gains across major indices. Despite the turbulence, Morgan Stanley’s top stock-market strategist is urging calm, characterizing the selloff as a natural and necessary correction within a broader bull market. The strategist’s assessment frames the retreat not…

Nvidia has announced a series of landmark deals in South Korea with major technology firms including SK Hynix and Naver to secure critical memory chips for its AI ambitions. The agreements were struck during a high-profile visit by Nvidia CEO Jensen Huang to South Korea, where he met the country’s top corporate leaders across a…