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Qualcomm shares climbed more than 13% after investors responded positively to CEO Cristiano Amon’s confidence in a coming rebound for the smartphone market and the company’s aggressive push into AI and data center chips. Despite issuing a weak third-quarter forecast, Qualcomm’s broader growth narrative centered on diversification beyond traditional smartphone dependency helped restore investor confidence. […]
Blue Owl Capital sold roughly half of its SpaceX investment at a $1.25 trillion valuation, locking in about a 10x return, according to co-CEO Marc Lipschultz. Blue Owl originally invested $27 million in SpaceX equity in 2021 through one of its technology finance funds after first building ties as an early lender. The firm’s remaining […]
Google has emerged as the standout performer in Big Tech’s AI infrastructure race after Google Cloud posted a 63% revenue surge, sharply outpacing rivals and reshaping investor expectations. The strong growth, driven largely by enterprise AI demand, exceeded both Microsoft Azure and Amazon cloud growth rates, reinforcing Google’s strategy of commercializing its AI stack across […]