Author: Advanced AI Editor
Wan Quan/VCG via Getty Images Nvidia stock surged 5% on news that the company will be able to restart selling H20 chips to China. CEO Jensen Huang recently met with President Donald Trump to discuss AI the US’ AI dominance goals. Morgan Stanley CIO Mike Wilson sees this as a highly bullish indicator for the broader AI sector. The move: Nvidia stock jumped as much as 5% on Tuesday morning, rising to $172.39 a share. After bottoming in April, the stock has regained momentum and is currently up more than 27% year-to-date. The chart: Why: The company said that the…
Source: TradingView.com Palantir shares hit another all-time high during Tuesday’s session amid optimism that the data analytics software provider will benefit from massive AI spending. The stock traded within an ascending triangle before nudging above the pattern’s top trendline in Monday’s trading session, potentially setting the stage for a continuation move higher. Bars pattern analysis forecasts a potential upside target of around $195 and indicates the shares could continue trending until late August. Investors should watch two major support levels on Palantir’s chart around $125 and $107. Palantir Technologies (PLTR) shares hit another all-time high during Tuesday’s session amid optimism…
President Donald Trump with Sen. Dave McCormick (L) and CEO of Blackstone Group Jon Gray (R) on the campus of Carnegie Mellon University in Pittsburgh on July 15. – Andrew Caballero-Reynolds/AFP/Getty Images President Donald Trump on Tuesday announced an investment of more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into a hub for artificial intelligence — a technology that’s expected to upend everything from the economy to health care and education. The announcement was made during the Pennsylvania Energy and Innovation Summit in Pittsburgh, hosted by Sen. Dave McCormick of Pennsylvania, and is…
(Bloomberg) — Alphabet Inc.’s Google will debut new Pixel-branded hardware at an event on Aug. 20 in New York, with the lineup expected to include several smartphones and a smartwatch, all powered by the company’s artificial intelligence technology. Most Read from Bloomberg Google is likely to unveil four new smartphones — the Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL and Pixel 10 Pro Fold — along with the fourth-generation Pixel Watch. The folding model will debut just a few weeks after Samsung introduced its impressively thin Galaxy Z Fold 7, which goes on sale July 25 for $2,000.…
Image Credits:Matthias Balk/picture alliance / Getty Images Google is rolling out an agentic AI-powered business-calling feature to all users in the United States, the company announced on Wednesday. The tech giant is also enhancing Google Search’s AI Mode by bringing its Gemini 2.5 Pro model to the search experience and introducing deep research capabilities. The new business-calling feature uses AI to call local businesses on your behalf to collect information about availability and pricing. The idea behind the feature is to help you access information without having to actually pick up the phone and talk to someone. Google began testing…
(Bloomberg) — Scale AI is laying off hundreds of employees from its data-labeling business, one month after Meta Platforms Inc. invested $14.3 billion in the startup and hired away its chief executive officer. Most Read from Bloomberg The company cut 200 full-time employees, about 14% of its global workforce, and will provide severance, Scale spokesperson Joe Osborne said Wednesday. Scale will also stop working with 500 of its thousands of global contractors, he said. The move is aimed at “streamlining our data business to help us move faster,” Osborne said, adding that Scale plans to staff up in other areas…
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 4.9% in the pre market session after the company announced a collaboration with Peter Piper Pizza to roll out conversational voice AI for phone orders. The new system, which is now live across all Peter Piper Pizza locations in Arizona and Albuquerque, NM, will allow customers to place orders by speaking naturally over the phone. The voice AI agent is designed to handle multiple calls at once, which can improve efficiency and ensure no call is missed, even during peak hours. This allows restaurant staff to focus more on food preparation and…
(Bloomberg) — Nvidia Corp. boss Jensen Huang lauded DeepSeek and China’s other contributions to AI research as he met with political and tech leaders in Beijing. Most Read from Bloomberg Huang said open-source Chinese AI models were helping the rest of the world during a fireside chat with Wang Jian, a former Alibaba Group executive who helped create the company’s cloud unit, at the International Supply Chain Expo in the Chinese capital on Thursday. The Nvidia CEO singled out DeepSeek’s AI research. “It is incredibly well written. It is absolutely A-plus quality science and A-plus quality engineering,“ Huang said. He…
Shares of ASML, the Dutch semiconductor equipment giant, tumbled 11% on Wednesday after the company announced it could no longer confirm that it will grow in 2026. The drop wiped out over $30 billion in market value and sent shockwaves through global tech markets, as investors digested the implications for the broader semiconductor and AI industries. The selloff followed ASML’s second-quarter earnings report, which beat expectations on revenue and net profit, with robust bookings of $6.4 billion. However, CEO Christophe Fouquet’s comments overshadowed the strong results: “While we still prepare for growth in 2026, we cannot confirm it at this…
Google Brain founder has an unexpected one-word message on AI originally appeared on TheStreet. Big Tech just can’t stop chasing it. The dream of controlling an all-knowing, human-like AI, artificial general intelligence (AGI), has become Silicon Valley’s obsession. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵 From cloud giants to chipmakers, they’re shelling out billions in building the elusive AGI, opening up never-before-seen avenues. But just as the race heats up, one seasoned AI veteran dropped a single word that has quickly turned the narrative on its head. AI systems have advanced fast, but Andrew Ng says human-like…