SpaceX stock recovered from an early Friday decline and moved back above its $135 initial public offering price as trading volume in the tokenized SpaceX market surpassed $90 million. SPCX fell as low as $131.22 shortly after the market opened before recovering to approximately $136.29 at 12:32 p.m.
Micron Technology CEO Sanjay Mehrotra says artificial intelligence is fundamentally changing the economics of the memory industry, turning memory from a frequently oversupplied component into strategic computing infrastructure. His comments coincided with a strong session for Micron, although there is insufficient evidence to attribute the rally entirely to the interview.
Walmart shares plunged almost 9% Thursday, erasing approximately $81.2 billion from the retailer’s market capitalization after its weakest U.S. comparable sales growth in six years raised concerns about consumer demand.
Alphabet owned Waymo has revealed new details about the computing system powering its robotaxis, including a custom 5 nanometer chip capable of performing 1,000 trillion operations per second. The disclosure, published on August 20, provides the clearest look yet at the onboard computer responsible for processing information from Waymo’s cameras, lidar and radar.
CoreWeave has secured a multiyear artificial intelligence cloud agreement with Hudson River Trading, expanding the cloud provider’s presence among some of the world’s largest quantitative trading firms. The agreement is worth multiple billions of dollars, according to Bloomberg.
Login