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News
Alphabet Boosts 2026 Capex Forecast to $195 Billion-$205 Billion, Easing Chip Peak-Out Fears
2+ hour, 34+ min ago (617+ words) Alphabet, Google’s parent, plans to increase capital spending further, citing strong demand for artificial intelligence. The move helped push concerns over a semiconductor-cycle peak into the background. On a conference call after releasing second-quarter earnings on July 22, Alphabet raised its…...
Alphabet, Tesla to Report Second-Quarter Results as AI Spending, Growth Plans Draw Focus
1+ day, 4+ hour ago (177+ words) Alphabet, Google's parent company, and Tesla are due to report second-quarter results on July 22. According to BlockBeats and other outlets, both companies plan to release earnings after the close of U.S. trading. Market estimates put Alphabet's second-quarter revenue at about $116.8 billion,…...
Volvo Weighs Blockchain Adoption to Optimize Supply Chain
1+ week, 5+ hour ago (105+ words) bloomingbit Volvo is considering adopting blockchain technology for supply chain management Cointelegraph reported on July 16 that Ivan Branco, Volvo Group's head of information management, AI and data analytics, said in a recent interview with the Cardano Foundation that the company…...
Volvo Tests In-House Cryptocurrency to Streamline Supply Chain
1+ week, 18+ hour ago (136+ words) bloomingbit Volvo Group is testing whether it can use an in-house cryptocurrency to improve efficiency across its global supply chain U.Today reported on July 15 that Ivan Branco, head of information management, artificial intelligence and analytics for logistics operations at Volvo…...
Hyundai Motor Nears $36 Billion Quarterly Sales Milestone as Brokerages Split on Stock Outlook
1+ week, 5+ day ago (746+ words) Investors are watching whether Hyundai Motor Co. exceeded 50 trillion won ($36.3 billion) in second-quarter revenue. Excluding semiconductor makers such as Samsung Electronics Co. and SK Hynix Inc., Hyundai would become the first South Korean company to join the 50 trillion-won quarterly revenue…...
Musk Denies WSJ Report That SpaceX Is Developing an ‘AI Phone’
3+ week, 6+ min ago (306+ words) The Wall Street Journal reported that SpaceX showed some investors an **AI device prototype** ahead of a planned listing, and that it would incorporate **xAI’s AI technology** and a **Qualcomm Snapdragon chipset**. If launched, the device could create synergies with…...
SpaceX Overtakes Microsoft to Become World’s Fourth-Most Valuable Company
1+ mon, 6+ day ago (113+ words) bloomingbit SpaceX has overtaken Microsoft to become the worldâs fourth-most valuable company by market capitalization, according to a report The move reflects a continued surge in the stock since its initial public offering, reshaping the rankings of global megacap…...
Tesla Deepens South Korea Supply Chain Ties With Samsung, LG Units
1+ mon, 1+ week ago (321+ words) Tesla is increasingly selecting Korean companies as key partners in its **electric vehicles**, **energy storage systems (ESS)** and **humanoid robots** businesses. As Tesla reduces its reliance on Chinese **LFP batteries** from suppliers including **CATL**, South Korean battery makers such as…...
‘Drop the Poetic Language’: Wall Street Debates SpaceX Valuation After $2 Trillion IPO
1+ mon, 1+ week ago (527+ words) SpaceX followed last week’s record-setting US initial public offering with another sharp gain in premarket trading on June 15. The stock rose about 6% early in the session to trade near $170. The move is fueling a debate on Wall Street over whether…...
SpaceX Jumps 20% After IPO With $13 Billion-$17 Billion of Index Buying in View
1+ mon, 1+ week ago (466+ words) SpaceX said inclusion in indexes such as the **Nasdaq-100**, **MSCI** and **FTSE** could generate **$13 billion-$17 billion in buying demand**. The phased **lockup expiration** after August could release **53.7%%** of total shares into the market by year-end, increasing stock **volatility**. Some institutions…...