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CrowdStrike reports higher operating expenses as AI investments gain pace

CrowdStrike reports higher operating expenses as AI investments gain pace

June 3 (Reuters) - CrowdStrike reported a 15% jump in its first-quarter operating expenses on Wednesday, as the cybersecurity company ramps up investments in AI and product development. Shares of the company dropped 9% in extended trading.
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Broadcom tumbles as revenue miss clouds AI boom bets

Broadcom tumbles as revenue miss clouds AI boom bets

By Rashika Singh June 4 (Reuters) - Broadcom shares sank about 12% in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom.
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Wall St futures pause near record highs as oil climbs on Middle East stalemate

Wall St futures pause near record highs as oil climbs on Middle East stalemate

June 3 (Reuters) - U.S. stock index futures stalled near record highs on Wednesday as rising crude oil prices weighed on sentiment, with a flare-up in the Middle East conflict signaling little progress in efforts to end the months-long war.
TheStreet TheStreet
5-star analyst resets Oracle stock price target

5-star analyst resets Oracle stock price target

Oracle (ORCL) stock closed the June 2 trading session down 1.44% at $244.58. Despite this slight drop, the stock is now up about 25.48% year to date, at the time of writing, Wednesday morning, June 3. Meanwhile, the SPDR S&P 500 Index (SPY) is up about 11.39% in the same period. Oracle has ...
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AI demand, earnings optimism lift tech giants' market value in May

AI demand, earnings optimism lift tech giants' market value in May

June 2 (Reuters) - The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares.
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Morningstar values SpaceX at $780 billion, half its IPO target

Morningstar values SpaceX at $780 billion, half its IPO target

By Niket Nishant June 2 (Reuters) - Morningstar analysts pegged SpaceX's valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public offering, ahead of a planned roadshow this week.
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SpaceX negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports

SpaceX negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports

June 2 (Reuters) - Elon Musk's SpaceX is negotiating with banks underwriting its initial public offering to pay fees of less than 0.75% on the roughly $75 billion it aims to raise this month, Bloomberg News reported on Tuesday.
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Wall Street futures tick lower after record highs; HPE soars

Wall Street futures tick lower after record highs; HPE soars

June 2 (Reuters) - The S&P 500 and the Nasdaq 100 futures edged lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment from Alphabet underscored investor confidence in the AI buildout.
TheStreet TheStreet
HSBC massively revamps Broadcom's stock price target

HSBC massively revamps Broadcom's stock price target

In every major technology cycle, there comes a moment when the numbers stop looking like projections and start looking like history being made in real time. Broadcom (AVGO) may be the king of the moment. HSBC raised its price target on Broadcom, maintaining its Buy rating, as the firm dramatically ...
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Factbox-Anthropic confidentially files for US IPO as it looks to beat OpenAI

Factbox-Anthropic confidentially files for US IPO as it looks to beat OpenAI

June 1 (Reuters) - Anthropic said on Monday it had confidentially filed for its U.S. initial public offering, as the AI heavyweight looks to beat archrival OpenAI to the IPO market.
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Trading Day: Talks + tech = boom!

Trading Day: Talks + tech = boom!

By Jamie McGeever ORLANDO, Florida, June 1 (Reuters) - Conflicting headlines on the U.S.-Iran ceasefire dominated world markets on Monday, with the big three U.S. stock indices eventually joining several key global benchmarks in an AI-driven rally to new highs after President Donald Trump said the
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AI giant Anthropic confidentially files for US IPO as investors bet big on AI future

AI giant Anthropic confidentially files for US IPO as investors bet big on AI future

June 1 (Reuters) - AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy.