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The Latest Breaking News from Benzinga

Apple Underestimated Its Own Customers: AAPL CEO Tim Cook Blames 'Demand Forecast Issue' for Q4 Supply Bottlenecks

Apple Inc.’s (NASDAQ:AAPL) record-breaking fiscal third quarter is being overshadowed by looming fourth-quarter supply shortages. The surprising culprit? The tech giant underestimated consumer demand for its own products, contributing to a weaker-than-expected September-quarter outlook and a sharp drop in after-hours trading.

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Elon Musk Dismisses Report Tesla Could Sell Chinese Business for SpaceX Merger: 'Absurdly Fake News'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has dismissed reports of the EV giant mulling the sale of its Chinese arm that could have reportedly paved the way for a potential merger with Space Exploration Technologies Corp. (NASDAQ:SPCX).

Benzinga

iPhone Prices to Go up as Memory Chip Costs Keep Climbing? Tim Cook Says Apple Is 'Evaluating All Options'

Apple Inc. (NASDAQ:AAPL) is facing rising memory chip costs that could pressure its business beyond the September quarter, with outgoing CEO Tim Cook saying the company is exploring ways to manage the impact without revealing whether higher costs could eventually affect product pricing.

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Trump's DOT Introduces Changes to 'Accelerate' AV Deployment, Directs NHTSA to Grant Zoox Temporary Exemption

The Donald Trump administration on Thursday introduced changes to Department of Transportation (DOT) regulations aimed at expediting the development and deployment of autonomous vehicles, granting Amazon.com Inc.‘s (NASDAQ:AMZN) Robotaxi operator Zoox a temporary exemption to deploy its driverless vehicles commercially.

Benzinga

Gary Black Says Meta Stock Could Mirror Alphabet's Post-Earnings Recovery: Here's Why the Analyst Calls Google 'The Better Business'

The Future Fund‘s Gary Black said Meta Platforms Inc.‘s (NASDAQ:META) post-earnings selloff could mirror Google parent Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) recovery over this week, as investors look past conservative guidance and one-time items.

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Ross Gerber Calls Higher Oil Prices a 'Tax' on Non-EV Consumers, Says Trump Is 'Too Scared' to Escalate Iran War

Investor Ross Gerber on Thursday said that heightened oil prices amid the ongoing war with Iran have negatively impacted consumers with more costs as he casts doubt on President Donald Trump‘s willingness to escalate the situation.

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Anthropic Finds Claude Accessed Three Companies' Systems in Security Tests After OpenAI's Hugging Face Breach

On Thursday, Anthropic said its Claude AI models accessed the systems of three outside companies during cybersecurity evaluations after a configuration error gave the models unintended access to the live internet.

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Cathie Wood Snaps Up $14.3 Million of Meta Stock After Post-Earnings Selloff, Ark Sheds Caterpillar Shares

On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Meta Platforms Inc (NASDAQ:META) and Caterpillar Inc (NYSE:CAT). The investment firm increased its position in Meta Platforms while reducing its stake in Caterpillar, reflecting strategic adjustments amidst market fluctuations.

Benzinga

Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'

Amazon.com, Inc. (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize.

Benzinga

SK Hynix Stock Soars 22%, Samsung Jumps 19% as Kospi Hits Trading Halt: Dow Futures Climb 151 Points

Asian stocks traded higher at the time of writing, led by a nearly 13% surge in South Korea’s KOSPI, while U.S. stock futures advanced and oil prices remained elevated.

Benzinga

Bitcoin, Ethereum Spike, XRP and Dogecoin Climb Amid Sharp Crypto Recovery: Analyst Says 'Don't Fear' BTC Dropping to $60,000

Leading cryptocurrencies staged a sharp recovery alongside stocks on Thursday, reversing a Federal Reserve-driven sell-off the day before.

Benzinga

Jensen Huang Wants Open-Source AI Models: BofA Says Chipmakers Get Paid Either Way

The hottest debate in artificial intelligence isn’t about which chatbot is smartest anymore.

Benzinga

Apple Delivers Double Beat In Q3, Active Installed Base Reaches All-Time High: 'Strongest June Quarter Ever'

Apple Inc (NASDAQ:AAPL) reported financial results for the third quarter of fiscal 2026 after the market close on Thursday. Here’s what you need to know from the iPhone maker’s report.

Benzinga

Amazon Posts Double Beat In Q2, Fastest AWS Growth In 18 Quarters

Amazon.com Inc (NASDAQ:AMZN) posted financial results for the second quarter on Thursday after the closing bell. Here’s a rundown of the e-commerce giant’s report.

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Blue Owl Says Private Credit Turmoil Is Easing Despite Fundraising Slowdown

Blue Owl Capital (NYSE:OWL) said private credit redemption pressures are easing and highlighted growing diversification beyond direct lending, even as fundraising in its credit business slowed to a three-year low and wealthy investor inflows weakened.

Benzinga

Elon Musk Sees Humans on Mars in 5–7 Years — And He Has $112 Billion Riding on It

When it comes to a timeline for putting humans on Mars, SpaceX (NASDAQ:SPCX) CEO Elon Musk and NASA Administrator Jared Isaacman have a difference of opinion. That could be due to a huge financial incentive for Musk.

Benzinga

Stock Market Today: Microsoft Ignites Chip Rebound as SanDisk Jumps 24%

U.S. equities clawed back Wednesday’s post-Fed losses by midday Thursday, with a blowout cloud print from Microsoft Corp. (NASDAQ:MSFT) reviving the artificial intelligence trade and dragging beaten-down semiconductor names sharply higher.

Benzinga

KKR Downplays Software Risk, Flags Record Credit Fundraising

KKR & Co. (NYSE:KKR) used its second-quarter earnings call to push back against several of Wall Street’s biggest concerns, saying private credit fundraising is on track for a record year while downplaying worries about private wealth redemptions and AI-driven disruption in software.

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Benzinga

Ferrari Buyers Keep Splurging on Custom Supercars—And It's Boosting Profits

Ferrari N.V. (NYSE:RACE) stock gained Thursday after the luxury automaker reported fiscal second-quarter 2026 results and reaffirmed its full-year guidance.

Benzinga

Meta Stock Feels the Heat as Wall Street Says 'Skepticism is Rampant'

Meta Platforms Inc. (NASDAQ:META) shares slid nearly 9% on Thursday as investors digested the firm’s mixed second-quarter results.

Benzinga

Microsoft’s $15 Billion Capex Cut Isn’t a Cut at All

Microsoft Corp. (NASDAQ:MSFT) told investors on Wednesday that its calendar-2026 capital expenditure forecast had dropped to roughly $175 billion, down from the approximately $190 billion projected in April.

Benzinga

AI Wunderkind Leopold Aschenbrenner's $20 Billion AI Hedge Fund Is Raising Cash After AI Rout (UPDATED)

Editor’s note: the story has been updated with the latest reporting about Situational Awareness’s portfolio.

Benzinga

SanDisk Leads Memory Stock Rally — Here's What's Fueling the Bounce Back

Memory stocks are rallying Thursday, clawing back a chunk of Wednesday’s steep losses. Sandisk Corp. (NASDAQ:SNDK), Micron (NASDAQ:MU), Seagate (NASDAQ:STX), Western Digital (NASDAQ:WDC), SK Hynix Inc. (NASDAQ:SKHY) and the Roundhill Memory ETF (NASDAQ:DRAM) are all higher in early trading, reversing course after a sharp selloff a day earlier.

Benzinga

AI Spending Boom Just Made US Economy Look Weaker Than It Really Is

The U.S. economy looked surprisingly soft on paper in the second quarter. Yet beneath the headline, it may have delivered one of the strongest signals yet that the artificial intelligence investment boom is accelerating.

Benzinga

Amazon Earnings Prediction Market Preview: What Will Andy Jassy Talk About?

Amazon.com Inc. (NASDAQ:AMZN) reports second-quarter earnings after the bell Thursday, with the call at 5:00 p.m. ET.

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