Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans deeper into artificial intelligence and
Tesla trades just shy of a $1.3 trillion market cap. And with shareholders now greenlighting an eye-popping pay package for Elon Musk, a central question looms larger than ever: how much of that market value is anchored in Tesla’s business fundamentals, and how much is simply the “Musk premium”? With voices from Wall Street to
Michael Burry, the investor famed for predicting the 2008 housing market collapse, has taken a fresh short position against Tesla Inc., arguing that the electric-vehicle maker’s valuation has reached unsustainable levels. According to a report from Fortune, which cited a post on his Substack newsletter, Burry described Tesla shares as “ridiculously overvalued” and warned that
Carvana (NYSE: CVNA) is in focus on Monday morning after famed investor Jim Cramer dubbed it “one of his favourite companies” heading into 2026. In a recent segment of CNBC, the former hedge fund manager said part of the reason why Carmax has massively underperformed this year is that “CVNA has a better business model.”
MongoDB shares surged on Tuesday after the document database company sharply raised its full-year earnings forecast and posted stronger-than-expected third-quarter results. The stock jumped 23% to $404.81 in premarket trading, extending a rally that has already made it one of the standout performers of 2025. The company now expects adjusted earnings of $4.76 to $4.80
Sam Altman just sounded the alarm. In an internal memo circulated Monday, OpenAI’s CEO declared a “code red,” the company’s highest urgency designation, ordering employees to drop everything and fix ChatGPT. The memo’s details were initially revealed by The Information. The development came as Google’s Gemini 3 surged past OpenAI on key benchmarks last month,
The recent decision to pause production increases by the Organisation of the Petroleum Exporting Countries and allies highlighted the complex situation the cartel finds itself in. OPEC’s desire to regain market share has to take a backseat as the cartel and its allies navigate a tricky phase, where stabilising oil prices has become more important.
Credo Technology reported a stronger-than-expected second quarter, swinging to a profit as revenue more than tripled on the back of accelerating investment in artificial intelligence training and inference systems. The provider of high-speed connectivity solutions for data centers said demand for scale, density, and power efficiency in next-generation AI systems continues to rise rapidly. Shares
Palantir stock price has dropped into a local bear market after falling by ~20% from its highest point this year. PLTR was trading at $167, down from the year-to-date high of $207. So, will the stock rebound amid heightened valuation concerns? Palantir growth is continuing Palantir is a top company offering services to companies and
In a reminder of how quickly tokenisation is transforming Brazil’s capital markets, the firm Fenynx completed its first capital raising by selling equity backed by B3 tokens through a crowdfunding platform. According to local media outlet InfoMoney, the sale marks a watershed moment for the Brazilian stock exchange: it is the first equity crowdfunding platform