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RBC lifts S&P 500 year-end target to 7,900 on AI optimism

RBC lifts S&P 500 year-end target to 7,900 on AI optimism

May 8 (Reuters) - RBC Capital Markets raised its year-end target for the S&P 500 to 7,900 from 7,750 on Friday, citing resilient earnings growth and continued strength in artificial intelligence‑linked sectors.
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Block raises annual gross profit outlook on consumer spending strength

Block raises annual gross profit outlook on consumer spending strength

May 7 (Reuters) - Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses.
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Quantum computing firm IonQ raises annual revenue forecast

Quantum computing firm IonQ raises annual revenue forecast

May 6 (Reuters) - IonQ raised its annual revenue forecast on Wednesday, betting on growing demand from clients for its quantum computing platform. The shares of the company, however, fell around 6% in extended trading.
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US stock futures rise as chips rebound ahead of jobs data

US stock futures rise as chips rebound ahead of jobs data

May 8 (Reuters) - U.S. stock index futures rose on Friday as a recovery in chipmakers helped offset worries about renewed U.S.-Iran tensions, while investors looked ahead to a crucial employment report. By 06:04 a.m. ET, Dow E-minis rose 128 points, or 0.26%.
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S&P 500, Nasdaq futures hit records as oil extends losses

S&P 500, Nasdaq futures hit records as oil extends losses

May 7 (Reuters) - S&P 500 and Nasdaq futures hovered near all-time highs on Thursday as oil prices retreated further on hopes of a U.S.-Iran peace deal that could potentially normalize crude supplies through the Strait of Hormuz.
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OpenAI unveils three audio models for real-time voice tasks

OpenAI unveils three audio models for real-time voice tasks

May 7 (Reuters) - OpenAI introduced three audio models for its developer platform on Thursday, aiming to make voice-based software agents more conversational and capable of completing tasks in real time.
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Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet closes in on Nvidia's spot as world's biggest company

By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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AMD forecast sparks AI‑driven rally in US chipmaker stocks

AMD forecast sparks AI‑driven rally in US chipmaker stocks

By Rashika Singh May 6 (Reuters) - U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.
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Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

May 5 (Reuters) - Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of the matter.
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Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal

Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal

May 7 (Reuters) - Nvidia will invest up to $2.1 billion in data center operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand.
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Corning partners with Nvidia to expand US fiber optic output for AI growth

Corning partners with Nvidia to expand US fiber optic output for AI growth

May 6 (Reuters) - Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers. The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure.
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Uber forecasts strong second-quarter bookings despite Middle East woes

Uber forecasts strong second-quarter bookings despite Middle East woes

May 6 (Reuters) - Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth.