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Uber Expands Robotaxi Operations with Hertz Deal, Shifts Strategy Ahead of Earnings
Uber is expanding its robotaxi operations by partnering with Hertz's Oro Mobility for fleet management, signaling a strategic shift toward direct operations. The move comes ahead of Uber's Q1 earnings.
Trump Media CEO Weighs Truth Social Spin-Off Amid $712M Loss
Interim CEO Kevin McGurn is evaluating a spin-off of Truth Social and Truth+ from Trump Media's crypto and fusion energy units. DJT reported a $712.3 million net loss on $3.7 million revenue in 2025.
Oklo Insider Stock Sales Raise Eyebrows Ahead of Q1 Earnings Release
Oklo executive Caroline Cochran filed to sell up to 300,000 Class A shares worth $21.75 million, just before the company's Q1 earnings report. Shares closed down 2.9% at $70.40.
CoreWeave Q1 Earnings Loom After $154M Insider Sale
CoreWeave reports Q1 earnings on May 7, after a $154 million stock sale by Magnetar entities. The Nvidia-backed AI cloud firm must prove demand is translating into revenue.
Applied Materials Secures 140 Acres in Karnataka for AI Chip R&D Hub
Karnataka approved 140 acres for Applied Materials near Bengaluru airport for AI chip R&D. The land is valued at ₹780 crore, with final clearances pending.
Chipotle Tests $2.50 Tacos to Boost Afternoon Traffic Amid Margin Squeeze
Chipotle is offering $2.50 tacos in Kansas City, Orlando, and Tampa from 2-5 p.m. weekdays through June 2, aiming to capture snack-time demand amid margin pressure.
Asia's Tech Stocks Surge as Nvidia's Physical AI Strategy Reshapes Supply Chain
Nvidia's focus on physical AI is reshaping its supply chain, with Asian suppliers now representing 90% of production costs. Stocks like LG Electronics and Samsung rise as AI demand broadens.
Teradyne's AI-Driven Record Revenue Faces Second-Half Uncertainty
Teradyne posts record Q1 revenue of $1.282B, nearly doubling YoY on AI chip test demand, but management warns of weak second-half visibility and order timing risks.
NextEra Energy to Build 3 GW Solar for Arizona Utility Amid Data Center Boom
NextEra Energy will develop 3,000 MW of solar for Salt River Project in Arizona to meet rising power demand from data centers. The first 500 MW are scheduled for 2029.
IonQ Q1 Earnings Preview: Revenue Targets and SkyWater Deal Under Scrutiny
IonQ reports Q1 earnings May 6 with $48-$51M revenue guidance and up to $330M adjusted EBITDA loss. SkyWater acquisition faces FTC review.
MaxLinear's AI Data-Center Pivot Under Pressure as Stock Surges Past Analyst Targets
MaxLinear shares surged 9.1% to $77.18 after infrastructure revenue overtook broadband, driven by AI data-center chips. But the stock now trades above analyst targets, raising execution and valuation concerns.
TSMC's Longtan Revival: AI Chip Expansion Faces Hurdles
The Longtan Science Park expansion has been revived, potentially hosting TSMC's next-gen chip fabs with up to NT$600 billion in investment, pending land and environmental approvals.