Foundation Future Industries, a robotics startup that counts Eric Trump as a key advisor and investor, announced a partnership to use AMD's AI processors in its next generation of humanoid robots for military and industrial applications.
SMCI shares rallied after a preliminary report showed a doubling of gross margin guidance and a $60 billion backlog. However, a planned $7 billion capital raise and ongoing governance issues present significant headwinds for investors.
Micron Technology stock gained after Tesla CEO Elon Musk highlighted a major memory chip supply deal, easing concerns about component shortages for Tesla's AI initiatives amid what he called "insane pricing."
The International Air Transport Association (IATA) has named World Economic Forum managing director Saadia Zahidi as its next leader. Zahidi, an economist and the first woman to hold the post, will take charge on November 1 amid significant industry headwinds.
Shares of the telehealth company surged against a declining market after an FDA advisory committee unexpectedly recommended a key peptide for a legal compounding pathway, a move seen as validating Hims & Hers' strategic investments.
Shares of the grocery giant fell more than 23% after it reported a significant first-quarter earnings miss and drastically reduced its annual guidance, citing sector-wide pressures.
Shares of Liberty Oilfield Services fell nearly 19% after the company sharply increased its 2026 capital spending guidance and pushed back the timeline for its power generation business to contribute to earnings.
Intel is set to report its quarterly earnings amid a challenging market environment, where investors have heavily penalized peers like Tesla and Alphabet for negative cash flow and margin pressures despite revenue growth.
OpenAI has launched a new feature for US users allowing them to connect personal medical records and Apple Health data with ChatGPT for personalized health queries. The move marks a significant step for the AI giant into the personal health management space.
