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Geely Eyes 6.5M Annual Sales by 2030, Intensifying Rivalry with BYD
Geely sold a record 709,358 vehicles in Q1 2026, with exports up 126%. The company aims for 6.5 million annual sales by 2030, challenging BYD domestically and abroad.
Applied Digital Secures $7.5B AI Lease, Faces Execution Hurdle
Applied Digital Corp. (APLD) signed a $7.5B, 15-year lease for 300 MW with an unnamed hyperscaler, pushing total contracted lease revenue above $23B. Shares jumped over 12%.
SpaceX IPO: Starlink and Starship at Forefront as $1.75 Trillion Valuation Looms
SpaceX's confidential IPO filing targets a $1.75 trillion valuation, with Starlink's cash generation and Starship's advancements key to investor appeal.
SoundHound AI Dips on LivePerson Acquisition, Wedbush Sees Upside
SoundHound AI shares dropped 1.4% to $8.08 on Monday after announcing an all-stock acquisition of LivePerson for about $43 million. Wedbush reiterated its Outperform rating, seeing long-term potential.
Verizon Shares Surge on Q1 Subscriber Growth, Raised Profit Forecast
Verizon reported a surprise gain of 55,000 postpaid phone subscribers in Q1, beating analyst expectations of a loss, and raised its 2026 profit outlook.
Micron's AI Memory Surge Revives Trillion-Dollar Valuation Debate
Micron Technology shares rose 3% premarket Monday as strong fiscal Q2 results and surging AI memory demand reignited discussions about the company's path to a $1 trillion valuation.
Meta's $125B AI Spending Test Looms as Analysts Eye $1,000+ Targets
Meta heads into earnings with $135B AI capex plan and analyst targets above $1,000. Investors watch for ad growth to fund massive infrastructure spending.
Strategy Inc. Boosts Bitcoin Holdings to 818,334 BTC, Outpacing BlackRock
Strategy Inc. acquired 3,273 bitcoin for $255 million last week, increasing its total stash to 818,334 BTC and staying ahead of BlackRock's iShares Bitcoin Trust. Galaxy Digital CEO Mike Novogratz cautioned that such buying pace could strain supply.
China Orders Meta to Reverse $2 Billion Manus AI Deal Amid Tech Talent Tensions
China's NDRC has ordered Meta to reverse its $2 billion acquisition of AI startup Manus, citing foreign investment security rules, escalating tensions over AI talent and technology ahead of a Trump-Xi meeting.
Joby Aviation Completes Inaugural NYC Air Taxi Flights, Intensifying Rivalry with Archer
Joby Aviation flew the first electric air taxi route in New York City, from JFK to Manhattan heliports in seven minutes, signaling progress toward commercial operations by 2026.