Coinbase Global (NASDAQ: COIN) inched up on Dec. 22nd following news that famed investor Cathie Wood has loaded up on the crypto stock that’s been gasping for gains in recent months. Last week, the founder and chief executive of Ark Invest spent over $26 million to load up on more than 106,500 COIN shares. More
TikTok owner ByteDance is preparing to step up its already sizeable investment in artificial intelligence as China’s leading technology groups seek to narrow the gap with US competitors, reported Financial Times. The report citing people familiar with the matter said, the Beijing-based company has made preliminary plans to spend about Rmb160 billion ($23 billion) in
Nigeria is moving closer to securing a new undersea fibre-optic cable as part of efforts to strengthen its digital resilience and reduce the risk of widespread internet disruptions. The West African nation is in advanced discussions with Alphabet Inc.’s Google, according to a Bloomberg report. The talks come as African countries face repeated internet outages
Harman International, owned by Samsung Electronics, is buying a key driver-assistance business from ZF Group in a €1.5 billion transaction that reflects mounting financial pressure across Europe’s auto-supplier sector. The purchase brings radar, smart camera, and automotive computing operations under Harman at a time when suppliers are reassessing capital-intensive portfolios. For Samsung, which bought Harman
Accenture stock price has had a difficult year as concerns about its business continued. After initially soaring to a high of $392 in January, the ACN stock dropped to the current $270. Its market capitalization has dropped from the year-to-date high of $250 in February to the current $166 billion. Accenture stock has faced major
Shopify stock price has had a strong performance this year as it jumped from the April low of $70 to the current $166. This growth happened as the company’s growth trajectory accelerated. So, is the highly overvalued company a good investment today? Shopify revenue and profitability growth have continued Shopify is a top company that
Tesla stock (NASDAQ: TSLA) came under pressure on Friday, plunging over 1% after volatility spread through the broader artificial intelligence space. The stock has alternated between gains and losses this week, with investors reassessing growth expectations amid competition from global rivals and execution risks around robotaxi deployment. Tesla’s volatile trading reflects the market’s struggle to
Palo Alto Networks (NASDAQ: PANW) announced a landmark deal with Google Cloud on Dec. 19, aimed at integrating artificial intelligence (AI) into cybersecurity at scale. The agreement, reportedly worth nearly $10 billion, will see PANW migrate workloads to Google Cloud while embedding the latter’s Gemini AI models into its Prisma AIRS platform. Palo Alto Networks
CoreWeave Inc (NASDAQ: CRWV) soared nearly 20% on Dec. 19 after announcing participation in the US government’s “Genesis” mission. The Department of Energy (DOE) programme is designed to accelerate scientific discovery, strengthen national security, and advance energy innovation. CoreWeave stock is also pushing higher because Citi analysts issued a bullish note in favour of the
US stocks displayed resilience on Friday as Nvidia and other AI-focused semiconductor names powered a tech-led rebound, sending the Nasdaq Composite higher while the S&P 500 and Dow Jones also advanced. The rally came after Micron Technology’s blowout earnings and upbeat guidance reignited confidence that artificial intelligence infrastructure spending remains robust despite recent market volatility.