Amazon-backed X-energy IPO surges 31% to $1.02 billion
X-energy's stock jumped 31% in its IPO, raising $1.02 billion amid investor interest in nuclear power for AI data centers.
Top Stories
AI-ranked · refreshes every 5 minMeta signs multibillion-dollar deal for Amazon AI CPUs
Meta has struck a significant deal with Amazon to utilize the tech giant's Graviton CPUs for its AI infrastructure, diversifying beyond GPUs and intensifying competition in the AI chip market.
Google to invest up to $40 billion in AI firm Anthropic
Google is investing up to $40 billion in AI company Anthropic, providing significant computing power to bolster its competitive position in the AI race.
Investors demand higher yield on $14bn Oracle data center debt
Investors demand more yield on a massive Oracle data center debt offering due to concerns about the company's finances and AI-driven market saturation.
Apple juggernaut faces AI roadblock
Apple's new hardware chief navigates AI roadblocks Tim Cook avoided.
Intel, AMD among stocks making biggest moves midday
Intel, AMD, Charter, Hims & Hers, and Eli Lilly lead stocks gaining or losing the most ground during midday trading.
Shareholder letters sounding like ChatGPT reveal CEOs
CEOs accidentally reveal AI ghostwriters with a single, ubiquitous phrase in shareholder letters.
Hut 8 readies bond sale for Google-backed data center
Hut 8 Corp. plans a bond sale to fund a data center tied to Google, joining AI-driven borrowing trends.
Why the party for Intel and other chip stocks could last
Chip stock rally may continue due to strong demand and industry trends.
Cohere acquires German AI firm Aleph Alpha with $600M backing
Cohere buys Aleph Alpha, backed by Lidl's owner, to challenge US and China AI dominance and expand in Europe.
DOJ drops Powell probe, boosting Warsh's Fed confirmation odds
Bettors on Kalshi now give Warsh an 86% chance for Senate confirmation by May 15 after the DOJ dropped its probe into Powell.
More
CNBC Markets
Intel Stock Price Surges After Q1 Earnings Reveal AI Data Center Boom
Intel's stock price jumps as Q1 earnings highlight a boom in AI data centers.