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The Latest Breaking News from Nasdaq

Data Centers Now Consume 5% Of US Power, Set To Double As $6.7 Trillion Buildout Sparks Grid Concerns

The surging demand for artificial intelligence and cloud computing is fueling an unprecedented expansion of data centers, triggering warnings about looming strains on America's power grid.

Benzinga

IBM, Google, Amazon, Microsoft Lock Horns In Billion-Dollar Race to Build Million-Qubit Quantum Computers And End A 40-Year Tech Dream

International Business Machines Corp. (NYSE:IBM), Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google, Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT) are intensifying their pursuit of industrial-scale quantum computers, with recent breakthroughs bringing the decades-old dream within reach by 2030.

Benzinga

Gene Munster Says 'Never Bet Against Elon' — Musk Will Get What He Wants From Apple Without Lawsuit, 'Give It Two Weeks'

Investor Gene Munster of Deepwater Asset Management has said that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk won't need to sue Apple Inc. (NASDAQ:AAPL) amid the Grok app store ranking row.

Benzinga

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Elon Musk Showed Optimus Folding Laundry, But It Wasn't Autonomous — Now Figure AI Showcases A Robot That Can Do The Same Using 'Neural Net'

On Monday, Figure AI demonstrated its humanoid robot folding laundry autonomously using its advanced Helix neural net, highlighting a significant leap over Tesla Inc.'s (NASDAQ:TSLA) Optimus, which earlier this year showcased using teleoperation for similar tasks.

Benzinga

Bolt Projects Stock Surges 38% on Strong Q2, $20M Funding; CEO: 'Demand For Vegan Silk Continues To Grow'

Bolt Projects Holdings Inc. (NASDAQ:BSLK) shares soared 38.53% in after-hours trading to $3.02 on Tuesday following robust second-quarter earnings and news of potential financing worth up to $20 million.

Benzinga

Mark Cuban Calls For Billionaires' Tax On Soaring US Stock Buybacks As Georgetown Professor Warns About Path To Decline And Defeat

U.S. stock buybacks are on track to hit a record $1.1 trillion in 2025, sparking sharp debate among experts like Mark Cuban and Georgetown professor Rush Doshi over their economic impact and taxation.

Benzinga

Elon Musk's $56 Billion Tesla Pay Showdown Heads To Delaware Supreme Court In October

The Delaware Supreme Court has scheduled oral arguments over Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's $56 billion compensation package, which a trial court struck down in 2024.

Benzinga

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Gene Munster: Apple Could Be A Top 2 'Mag 7' Stock In 2025 — Says The 'Bar Is Very Low' On AI

Deepwater Asset Management’s Gene Munster believes Apple Inc. (NASDAQ:AAPL) could be poised for a standout year in 2025, predicting that the company will rank among the top two performers in the so-called “Mag 7” group of large-cap tech stocks.

Benzinga

CoreWeave, Meta Platforms, Cava Group, American Airlines And Circle: Why These 5 Stocks Are On Investors' Radars Today

Wall Street experienced a robust rally on Tuesday as both the SP 500 and Nasdaq 100 indices soared to new record highs. The positive momentum was fueled by July’s inflation data, which eased concerns about widespread tariff-related cost pressures. The headline Consumer Price Index (CPI) remained steady at 2.7% year-over-year,…

Benzinga

Microsoft Lures Meta's Talent Pool With Multimillion-Dollar Pay Packages As The AI War Heats Up: Report

Microsoft Corporation (NASDAQ:MSFT) is reportedly ramping up its battle for artificial intelligence supremacy by aggressively targeting top AI talent from Meta Platforms, Inc. (NASDAQ:META), offering multimillion-dollar pay packages to secure key engineers and researchers amid a massive industry spending spree.

Benzinga

If Qualcomm Holds $145, Its Next Move Could Be Massive

Qualcomm’s dip below $150 may be short-lived. Strong fundamentals, analyst backing, and sector strength point to the potential for a sharp rebound.

MarketBeat

Circle Stock Falls After 10 Million Share Offering

Circle Internet Group, Inc. (NASDAQ:CRCL) stock was moving lower in Tuesday's extended trading session after the company announced it had launched a public offering of 10 million shares of its Class A common stock.

Benzinga

Intel's White House Reset: From Political Storm to a Clearer Sky

Intel's successful White House engagement de-risked its stock by reaffirming its strategic importance and providing a key competitive advantage in AI sales.

MarketBeat

Stocks Rally on Higher Odds for Fed Rate Cut after CPI Report

The S&P 500 Index ($SPX ) (SPY ) on Tuesday rose by +1.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) rose by +1.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose by +1.33%. September E-mini S&P futures (ESU25 ) rose by +1.06%, and September E-mini Nasdaq...

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Benzinga

Congressman Invests $6.4 Million In Magnificent 7 Stocks—Top Pick Inside

A member of Congress recently disclosed millions of dollars in stock purchases, including big bets on six of the Magnificent Seven stocks.

Benzinga

Circle Stock Pops On Q2 Earnings: USDC Hits $65.2 Billion In Mainstream Stablecoin Adoption

Circle Internet Group, Inc. (NASDAQ:CRCL) posted stand-out second-quarter financial results on Tuesday in its first earnings report as a publicly traded company.

Benzinga

Resideo Technologies Pops As Honeywell Indemnity Buyout Boosts Growth Story

Resideo Technologies, Inc. (NYSE:REZI) ended its long-standing Honeywell International Inc. (NASDAQ:HON) indemnification with a $1.59 billion buyout, removing a major overhang and clearing the way for cleaner earnings and an ADI Global separation.

Benzinga

Bond ETFs Outshine Equities In Weekly Flows As Rate Cut Bets Build

U.S.-listed ETFs attracted nearly $19 billion during the week ended Aug. 8, with fixed income approaches decisively leading investor allocations, according to data from Etf.com.

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Benzinga

Nvidia Vs. AMD: Who Gets Hit Harder By The 15% China Revenue Tax?

NVIDIA Corp (NASDAQ:NVDA) and Advanced Micro Devices Inc (NASDAQ:AMD) recently agreed to pay the U.S. government 15% of their AI chip revenue from China — a groundbreaking arrangement driven by export license conditions. But not all chipmakers are equally exposed.

Benzinga

Opendoor's First Profit Since 2022 Fails To Calm Investor Criticism Of CEO

Opendoor Technologies Inc. (NASDAQ:OPEN) shares remained choppy Tuesday, extending a volatile stretch fueled by earnings results and intensifying public criticism of CEO Carrie Wheeler.

Benzinga

Smithfield Foods Raises Annual Profit Outlook On Hog Segment Strength

Smithfield Foods, Inc. (NASDAQ:SFD) shares are trading lower on Tuesday.

Barchart

Stocks Rally on Increased Odds for Fed Rate Cut after CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.72%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.64%. September E-mini S&P futures (ESU25 ) are up +0.63%, and September E-mini Nasdaq futures...

Benzinga

Altimmune Q2 FY2025 Earnings Call Transcript

Altimmune, Inc. (NASDAQ:ALT) reported its second-quarter financial results before Tuesday’s opening bell.

Barchart

Stocks See Support from Increased Odds for Fed Rate Cut after CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.52%. September E-mini S&P futures (ESU25 ) are up +0.56%, and September E-mini Nasdaq futures...

Benzinga

How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings

Could Cisco Systems, Inc.‘s (NASDAQ:CSCO) latest earnings report hold the key to unlocking a steady stream of passive income for investors? Cisco will release financial results for the fourth quarter after the closing bell on Wednesday, Aug. 13.

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