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Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: ‘Redmond is in a pickle’
Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany, on Feb. 25, 2026. Sven Hoppe | Picture Alliance | Getty Images Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant’s prospects in artificial intelligence. The stock plunged […]
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OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
CEO of OpenAI Sam Altman speaks during the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, D.C., U.S., March 11, 2026. Kylie Cooper | Reuters OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion. The round totaled $122 billion of committed […]
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Huawei’s cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivals
Consumers browse Huawei phones in a shopping mall in Yantai, Shandong Province, China on March 8, 2026. Cfoto | Future Publishing | Getty Images Huawei’s push to develop its own artificial intelligence chip has yet to drive the double-digit revenue gains of its peers, as Chinese companies strive to narrow the gap with the U.S. […]
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Nebius unveils plans to build one of Europe’s largest AI factories as region scrambles for compute
Nebius unveiled plans on Tuesday to build a new AI data center in Finland, which it says will be one of Europe’s largest when up-and-running, as the region races to develop the compute infrastructure needed to power the AI boom. The new facility will be based in the Finnish city of Lappeenranta with a capacity […]
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Micron stock sinks 10%, further cratering in post-earnings sell-off
The Micron Technology offices in San Jose, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Micron shares plummeted 10% on Monday, continuing the memory maker’s significant post-earnings sell-off. The company snapped a six-day slide on Friday with a modest gain, but with Monday’s loss, the stock is down […]
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Quantum firms are racing to market as the industry hits ‘inflection point’
Photo from Horizon Quantum’s listing ceremony at the Nasdaq MarketSite in New York City on Friday, March 20, 2026. Quantum computing firms are defying turbulent markets to go public this year, as companies seek to raise funds to capitalize on recent scientific breakthroughs and push the experimental technology closer to commercialization. One such firm, Xanadu […]
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Mistral secures $830 million in debt financing to fund AI data center
French AI startup Mistral said Monday it has secured $830 million in debt financing to fund a data center powered by thousands of Nvidia chips. Founded in 2023, Mistral is one of the few European startups building foundational AI models, looking to compete with the likes of OpenAI and Anthropic, albeit with a far smaller […]
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Tech stocks suffer worst week in nearly a year, driven down by war worries, Meta legal woes
Meta Platforms Chief Executive Mark Zuckerberg (C) arrives for a meeting U.S. Sen. Majority Leader John Thune (R-SD) on Capitol Hill on March 26, 2026 in Washington, DC. Andrew Harnik | Getty Images A bad week for stocks was particularly rough for tech investors, as the Nasdaq suffered its worst weekly drop since April 2025. […]
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Meta boosts investment in West Texas AI data center by over sixfold to $10 billion
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta is boosting its spending commitment on a forthcoming AI data center in West Texas by more than sixfold to $10 billion, with an aim […]
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Dow jumps 300 points as oil falls after U.S. reportedly sends Iran peace plan: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on March 24, 2026. Angela Weiss | AFP | Getty Images Stocks jumped on Wednesday following reports that the U.S. has given Iran a plan to bring the conflict to an end, sending crude prices tumbling. […]
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