Qualcomm Shares Surge 12%, Up 75% in a Month, as Wall Street Warms to AI Device Boom
Qualcomm shares surged 12% on Friday and are now up 75% in the past month, driven by a new Stellantis deal, a reported OpenAI chip partnership, and growing investor confidence in the chipmaker's edge AI and data center ambitions.
SpaceX Launches 12th Starship Test Flight Ahead of Planned $75 Billion IPO
SpaceX launched its Starship V3 rocket Friday — the vehicle's 12th test flight and first in seven months — days after the company publicly filed for an IPO expected to raise approximately $75 billion next month.
Meta Launches Forum App for Facebook Groups, Sending Reddit Stock Down 6%
Meta has launched Forum, a standalone iOS app built on Facebook Groups designed to compete with Reddit for online community discussions. Reddit shares fell roughly 6% on Friday following the announcement.
SpaceX Scrubs Starship Flight 12, Reschedules as IPO Filing Looms Over Launch
SpaceX scrubbed the 12th test flight of its Starship V3 rocket Thursday and rescheduled for Friday, one day after filing its IPO prospectus — marking what may be the company's last chance to impress investors before going public.
U.S. to Award $2 Billion in Quantum Computing Grants to Nine Firms, Taking Equity Stakes in Each
The National Institute of Standards and Technology announced letters of intent to award $2 billion in grants to nine quantum computing firms, with IBM receiving the largest share at $1 billion. The U.S. government will take a minority, non-controlling equity stake in each recipient company.
