Broadcom shares surge over 6% after Apple extends their chip partnership through 2031, with Broadcom set to supply custom AI-focused ASIC chips across multiple Apple product generations, including advanced AI servers planned for 2027.
TeraWulf shares surge 13% after signing a landmark 20-year, $19 billion AI infrastructure lease with Anthropic at its Kentucky data campus, while also selling a major joint venture stake for $450 million to focus on wholly owned AI projects.
Nvidia's next-gen Kyber NVL144 rack system is delayed to 2028 due to manufacturing failures with a critical circuit board, leaving the AI chip giant without a large-scale solution for its Rubin Ultra chips and handing rivals AMD and Google a rare opening to challenge its dominance.
TeraWulf secures a landmark 20-year, $19 billion lease deal with Anthropic at its Kentucky data campus while simultaneously selling its Bitcoin mining stake for $450 million, signaling a bold and decisive pivot toward AI infrastructure dominance.
Microsoft cuts 4,800 jobs — about 2.1% of its global workforce — hitting gaming and commercial divisions hardest, as the tech giant reshapes operations amid an AI-driven transformation that is fundamentally changing how work gets done.
Alibaba bans employees from using Anthropic's Claude Code starting July 10, labeling it high-risk, as Anthropic simultaneously tightens restrictions blocking Chinese companies from accessing its AI models and closes loopholes that enabled unauthorized use.
Anthropic is in talks with Samsung to develop a custom AI chip, joining a growing industry push to reduce reliance on Nvidia as rival OpenAI also unveils its own custom processor built with Broadcom.
Palantir CEO Alex Karp reveals a new partnership with Nvidia and outlines the company's frontier AI strategy live on CNBC's 'Squawk Box,' signaling a major expansion in Palantir's artificial intelligence ambitions.
Microsoft launches Microsoft Frontier Company, a $2.5 billion AI business unit deploying 6,000 experts to co-design enterprise AI systems, promising measurable outcomes while guaranteeing customer data is never used to train competing models.
SpaceX acquires AI coding startup Cursor in a massive $60 billion deal, sparking serious questions about whether Cursor can maintain its partnerships with OpenAI and Anthropic under Elon Musk's ownership.