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Amazon CEO Details $15B AI Revenue, Defends Massive Capex Plan
Amazon shares surged 5% Thursday as CEO Andy Jassy revealed AWS AI services generate over $15 billion yearly, with the chip business exceeding $20 billion. Jassy defended the company's planned $200 billion 2026 capital expenditure, noting significant customer commitments.
Unilever Acquires Grüns to Expand US Wellness Portfolio Post-McCormick Deal
Unilever announced the acquisition of US greens supplement maker Grüns, advancing its wellness strategy shortly after its food unit merger with McCormick. Financial terms were not disclosed.
Lumentum Shares Surge as Analysts Boost Targets on Nvidia AI Optics Deal
Lumentum Holdings Inc. shares advanced after JPMorgan and Mizuho Securities increased their price targets, citing strong AI-driven optics demand following a major strategic investment and supply agreement with Nvidia.
SBTi Reports 40% Surge in Corporate Climate Targets as Asia Nears European Leadership
Corporate climate commitments validated by the Science Based Targets initiative soared 40% to 9,764 companies by the close of 2025. Asia's rapid expansion, adding 1,216 firms, brings it nearly level with Europe's growth.
Palantir Shares Slide as Burry Flags Anthropic AI Threat
Palantir Technologies shares dropped nearly 7% following comments from investor Michael Burry, who argued Anthropic is outpacing it in the enterprise artificial intelligence sector. Anthropic reported its annualized revenue run rate has soared beyond $30 billion.
Salesforce Plunges to 52-Week Low Amid Sector-Wide Software Selloff
Salesforce shares tumbled to a fresh 52-week low, dropping 3.7% to $169.76, even after reporting strong quarterly results and expanding its share repurchase program to $50 billion. The decline reflects broader anxieties in the software industry.
ServiceNow Shares Sink to New Low Amid Analyst Caution Ahead of Q1 Report
ServiceNow shares tumbled more than 5% to a new 52-week low Thursday after multiple analysts reduced price targets, highlighting concerns over federal spending and growth. The company announced a broad AI integration across its product suite ahead of its April 22 earnings report.
SoFi Shares Decline Amid Analyst Target Cuts Ahead of Q1 Report
SoFi Technologies shares dropped nearly 2% after analysts at KBW and Wells Fargo reduced their price targets. The financial technology company faces scrutiny over its loan portfolio ahead of its first-quarter earnings report later this month.
Tesla Targets Affordable EV Segment with New Compact SUV Amid Sales Pressure
Tesla is advancing plans for a new compact electric SUV, priced below the Model 3, with production slated for its Shanghai plant. The move comes as the automaker faces a widening gap between production and deliveries.
Grab Deploys AI Suite in Jakarta, Aims to Slash Ride Costs Amid Economic Pressure
Grab Holdings unveiled 13 new AI-powered features in Jakarta, headlined by a Group Ride option promising fares up to 40% lower. The move is designed to alleviate pressure from rising fuel costs and strained household budgets, even as the company's financial outlook remains subdued.
Nokia Secures Fifth Consecutive Leadership Spot in Data Center Switching Report
Nokia has been recognized as a Leader and Outperformer in GigaOm's 2026 data center switching evaluation for the fifth straight year. The company's shares declined 1.05% in Helsinki trading ahead of its annual general meeting.
FAA Proposes $255K Fine Against American Airlines Over Safety Testing Lapses
The Federal Aviation Administration has proposed a $255,000 civil penalty against American Airlines, alleging the carrier returned 12 flight attendants to safety-sensitive duties before completing mandatory follow-up drug and alcohol tests. The alleged violations occurred between May 2019 and December 2023.