M&A, product, and strategy moves from Apple, Google, Meta, Microsoft, Amazon, and Nvidia.
Twilio shares jumped as much as 16.7% after beating Q2 estimates and raising full-year revenue growth guidance from 14-15% to 18-18.5%, extending software's earnings-season divergence.
Tesla and SpaceX will spend $16.8 billion on a first-phase chip plant in Grimes County, Texas, built to supply Optimus robots, robotaxis and orbital data centers rather than the Nvidia GPUs SpaceX still buys for AI training.
OpenAI asked a federal judge to dismiss Apple's trade-secrets lawsuit, arguing Apple's own iCloud policy created the access gap at issue, with an October 1 injunction hearing still ahead.
AMD is acquiring Taalas, a startup that hardwires AI model weights directly into silicon, betting that model-specific inference chips can chip away at Nvidia's lead once a handful of foundation models dominate deployed volume.
Activists and a state high court are challenging Google's $15 billion Andhra Pradesh data center project over water use and its proximity to a wildlife sanctuary, with a hearing set for August 24.
SoftBank secured a $10 billion margin loan against its OpenAI shares the same quarter an $8.2 billion Intel stake gain carried its earnings beat, while OpenAI itself contributed no investment gain at all.
SpaceX's first major post-IPO lockup expiration freed 911.5M shares worth as much as $116B for sale on August 6, more than doubling the public float as the stock trades near $108, down from a post-IPO high above $225.
Tesla and SpaceX will jointly build Terafab, a $16.8B initial-phase chip factory in Grimes County, Texas, to make chips for Optimus, Cybercabs and space-based data centers, with total spending potentially reaching $119B.
Google moved Demis Hassabis from DeepMind CEO to chair and chief scientist while Jeff Dean departed, a reshuffle analysts read as an early signal in the succession conversation around CEO Sundar Pichai.
The Dow closed at a record for a fifth straight session while the Nasdaq fell on AI-capex jitters, and Palantir's still-standing 29% earnings pop shows investors separating AI infrastructure spending from AI software margins.
Hon Hai, Apple and Nvidia's biggest contract manufacturer, posted record July revenue of roughly $27.9 billion, up 54% year over year, as AI server and cloud-networking demand offset a soft consumer-electronics season.
HP, Asus and Acer confirmed limited use of Chinese CXMT memory chips in non-US laptops as AI data centers consume an estimated 70% of global memory chip production this year.
Chief scientist Jeff Dean and three senior AI researchers left Google to start an independent lab called Discovery Loop, while Demis Hassabis moved from DeepMind CEO to Alphabet chief scientist as Kavukcuoglu takes over daily operations.
The S&P 500 closed at a record 7,736.52 and the Dow topped 54,000 as strong earnings and easing oil prices fueled a broad AI-stock rally, even as AMD and SpaceX sold off on their own earnings.
Google's longtime chief scientist Jeff Dean is leaving to start his own company after 27 years, while Demis Hassabis steps down as DeepMind's CEO to become Alphabet's chief scientist as Koray Kavukcuoglu takes over daily operations.
Researchers Tommy Mysk and Talal Haj Bakry published three WebKit flaws that let websites see an iCloud+ subscriber's real IP address even with Private Relay switched on, and say they skipped disclosing to Apple first.
A consortium led by Saudi Arabia's PIF, Silver Lake and Jared Kushner's Affinity Partners completed a $55B take-private of Electronic Arts, financed by a $20B JPMorgan loan -- the largest leveraged buyout on record.
AMD shares fell as much as 9% after Elon Musk said SpaceX will build exclusively on Nvidia's Vera Rubin architecture going forward, even as AMD beat Q2 estimates and CEO Lisa Su guided to 80% second-half server revenue growth.
Reddit is expanding tests of Rules Hub, an LLM-based enforcement system that reads the intent of a subreddit rule instead of matching keywords, and says it eventually wants it to take over AutoMod's enforcement job.
Amazon-owned Zoox will begin charging fares for its steering-wheel-free robotaxis in Las Vegas on August 10, its first commercial market after NHTSA cleared it to operate up to 2,500 driverless vehicles without human controls.
AMD posted record $11.5B quarterly revenue and 107% data center growth, yet shares fell nearly 9% after hours as investors questioned the pace and durability of the AI buildout funding it.
Saudi Arabia's Public Investment Fund, Silver Lake and Jared Kushner's Affinity Partners completed the largest leveraged buyout on record, taking Electronic Arts private at $210 a share with $20B borrowed from JPMorgan.
Google is shutting down the classic Google Assistant on phones and tablets next month, completing its transition to Gemini as the default AI assistant across Android.
SpaceX's debut public earnings report beat estimates with revenue nearly doubling to $7.8B, but a promise of moon-based robots and a pulled-forward $1 trillion revenue target didn't stop shares from sliding on the size of its AI capex.
SpaceX posted 92% revenue growth to $7.8B in its first quarterly report since June's IPO, but shares reversed to a loss after hours once investors saw quarterly capex nearly double to $18.4B.
AMD's data center revenue rose 107% to $6.7B and beat the Street, but shares fell more than 8% after-hours on concerns about what sustaining that growth will cost.
OpenAI published internal chats and emails calling Apple's trade-secret lawsuit over its hardware plans careless, aggressive and oddly personal, escalating a fight that began when Apple sued in July.
OpenAI answered Apple's July trade secrets lawsuit with a public post calling it careless, aggressive and oddly personal, publishing messages it says show Apple staff asking a departed employee to help locate files.
SpaceX's Q2 revenue nearly doubled year-over-year, with compute deals for Anthropic and Google now contributing enough that its AI-infrastructure business is rivaling its core launch and Starlink revenue.
Bending Spoons, fresh off its own July IPO, agreed to acquire Airtable for $1.285B -- a steep discount to Airtable's 2021 peak valuation of over $11B but a premium to recent secondary pricing near $4B.
Amazon crossed a $3 trillion market cap after AWS grew 37% to $42.2B on AI-driven cloud demand, joining Apple, Microsoft, Alphabet and Nvidia in a club it took just over two years to reach from $2 trillion.
Palantir's Q2 revenue rose 93% to $1.94B and full-year guidance climbed to at least $8.15B, sending shares up 29% in a single session and wiping out roughly $3B in short-sellers' gains.
Amazon just crossed $3 trillion and Palantir posted its best quarter ever on real enterprise deployment, while SpaceX's stock and AI pricing power keep getting cheaper -- the money is bifurcating into what's shipped and what's still promised.
Palantir's Q2 revenue jumped 93% to $1.94B, with U.S. commercial revenue up 149%, and the company raised full-year guidance well above what Wall Street expected.
Palantir posted 93% revenue growth and raised its full-year commercial guidance after U.S. commercial revenue surged 149% -- the clearest evidence yet that enterprise AI deployment, not just government contracts, can carry a real growth story.
Microsoft CFO Amy Hood says fiscal 2027 capex will grow year-over-year on 'demand signals across our portfolio,' and Nvidia stock rose 3% on the read-through even before its own August 26 earnings.
Amazon became only the fifth company ever to cross a $3 trillion market cap, driven by an AWS beat that showed cloud growth accelerating rather than plateauing -- a direct rebuttal to the summer's AI-capex skepticism.
Apple's long-promised, genuinely capable Siri AI has arrived in the iOS 27 beta, but reviewers say it lands at a moment when being a competent AI assistant no longer feels like news.
An Apple iCloud policy reportedly made it easier for departing employees to retain company data, now central to leak allegations underpinning a lawsuit tied to OpenAI.
This week's earnings split investors sharply on AI capex: Microsoft's spending got rewarded, Meta's crushed free cash flow and its stock -- the market has stopped treating all AI infrastructure spending as equally good news.
Uber has stitched together partnerships with more than a dozen self-driving companies -- including Waymo and Wayve -- betting it can win the robotaxi era as an aggregator rather than a manufacturer.
SpaceX confirmed it will keep running dozens of unpermitted gas turbines powering xAI's Memphis data centers for another year, even as it builds a permanent 1.2-gigawatt gas plant to replace them.
Meta reported second-quarter revenue of $60.8 billion, up 28% year-over-year, and raised the top end of its 2026 AI infrastructure spending range to $145 billion as advertising and large-language-model investment both accelerated.
Amazon jumped after AWS posted its fastest cloud growth in 18 quarters while Apple fell on soft guidance and supply constraints, in Tim Cook's final earnings call before handing the CEO role to John Ternus.
Amazon has funded the remaining $35 billion of its $50 billion OpenAI commitment, a tranche that was contingent on OpenAI hitting an IPO or AGI-linked milestone, deepening Amazon's stake in the AI leader it also competes with through AWS.
IonQ closed its $1.8 billion cash-and-stock purchase of SkyWater Technology on Friday, creating what it calls the only vertically integrated, full-stack quantum computing company with its own domestic chip foundry.
Leopold Aschenbrenner's hedge fund was forced to unwind nearly all its public stock positions after leveraged AI-infrastructure bets moved sharply against it, shrinking from roughly $45 billion to about $10 billion in weeks.
South Korea's benchmark index posted its largest single-day gain on record after Samsung Electronics and SK Hynix surged on renewed confidence in AI-chip demand, following Microsoft's blowout cloud earnings.
Amazon's Q2 revenue topped $200 billion for the first time, with AWS growing 37% -- its fastest pace in 18 quarters -- as the company raised its 2026 capex outlook to $220 billion.
Microsoft shares surged more than 15% Thursday, adding roughly $450 billion in market value in a single session -- the largest one-day market-cap gain in stock market history -- after Azure crossed $100 billion in annual revenue and accelerated to 43% growth.
Microsoft shares jumped 16% and added roughly $450 billion in market value on Thursday, the largest single-day gain for any company in market history, after fourth-quarter earnings showed Azure growing 43% year-over-year.
Apple beat Wall Street's revenue and profit estimates for a 13th consecutive quarter, posting $109.4 billion in Q3 revenue and EPS of $2.02, up 29% year-over-year, on strong iPhone sales.
Coinbase reported second-quarter revenue fell 19% to $1.2 billion, its third consecutive quarterly decline, even as the exchange renewed its lucrative USDC revenue-sharing agreement with Circle on existing terms.
The Space Force awarded SpaceX $1.6 billion across two task orders to launch 18 Falcon 9 missions carrying missile-tracking satellites, on a two-month acquisition timeline the Pentagon called unprecedented.
AI cloud platform Nscale agreed to acquire Anyscale, the commercial steward of the open-source Ray framework, for roughly $1.65 billion, combining Nscale's power and data-center assets with Anyscale's workload orchestration software.
Meta shares extended their longest losing streak on record into Thursday's premarket, tacking a further slide onto a nine-day, $223 billion rout that a mixed Q2 print and a 91% collapse in free cash flow failed to stop.
A third day of chip-stock selling spread to Asia, with Kioxia down nearly 8%, SoftBank off more than 6%, and Tokyo Electron down almost 5% after SK Hynix missed second-quarter estimates, even as Samsung posted a record quarter the same morning.
Meta posted $60.8 billion in second-quarter revenue, up 28% and ahead of estimates, but adjusted EPS of $6.18 missed the $7.13 consensus as AI infrastructure costs compressed margins and full-year capex guidance ticked up to $130-145 billion.
Microsoft closed fiscal 2026 with Azure crossing $100 billion in annual revenue for the first time and beat on every headline number, but it's the FY2027 capex guide of $255-260 billion -- up from $190 billion this year -- that's the number Wall Street will be arguing about tomorrow.
The Federal Reserve held its benchmark rate at 3.5-3.75% in a 9-3 vote, the first policy-level dissent favoring a hike since 2016, as Chair Kevin Warsh called it the 'good family fight' he asked for.
