economy

Broadcom (AVGO) Unveils Jalapeno Chip Co-Designed with OpenAI to Enhance AI Performance

06/24/2026, 11:36 AM economy announcement ai software Broadcom

Broadcom's recent unveiling of the Jalapeno chip, co-designed with OpenAI, could help stabilize its stock after a nearly 20% decline since June, as it aims to enhance AI performance and reduce operational costs.

Analysts recommend buying Alphabet (GOOGL) shares despite Dow inclusion not being a buying catalyst

06/24/2026, 09:37 AM economy recommendation Analysts: analysts ai software Alphabet

Alphabet's inclusion in the Dow Jones Industrial Average reflects the ongoing evolution of the index towards tech dominance, but it does not necessarily indicate a buying opportunity for investors. The company's strong position in artificial intelligence and cloud computing remains a key focus for potential investors.

Cerebras Systems CEO Andrew Feldman Clarifies Margin Guidance After 17% Stock Decline Post-Earnings

06/24/2026, 09:37 AM economy review ai

Cerebras Systems' stock fell 17% following its first earnings report since going public, as CEO Andrew Feldman clarified that the company's margin guidance was misinterpreted by investors. Despite this, analysts from Mizuho and Wedbush raised their earnings estimates for the company.

Nike (NKE) Appoints David Denton as New CFO Amidst Stock Price Decline

06/24/2026, 09:37 AM economy announcement Verizon Alphabet Nike

Investors are reacting to a mix of market movements, including falling oil prices and leadership changes at Nike, which could influence future performance and expectations.

Amazon’s Zoox Introduces Redesigned Robotaxi Ahead of U.S. Expansion

06/24/2026, 08:37 AM economy announcement auto Amazon

Zoox, Amazon's self-driving vehicle subsidiary, has introduced an upgraded version of its robotaxi, enhancing passenger comfort and preparing for a broader rollout in the U.S. this year, which is crucial for its competitive positioning against industry leader Waymo.

Qualcomm Acquires AI Startup Modular for $3.92 Billion to Enhance Software and Data Center Capabilities

06/24/2026, 06:36 AM economy announcement ai software Qualcomm

Qualcomm's acquisition of Modular, an infrastructure startup, aims to enhance its artificial intelligence software capabilities, positioning the company to better compete in the growing AI market and data center sector.

OpenAI and Broadcom Launch Custom AI Chip 'Jalapeño' to Enhance AI Model Efficiency

06/24/2026, 06:36 AM economy announcement ai Broadcom

OpenAI and Broadcom have launched their first custom chip, Jalapeño, aimed at enhancing AI model performance and efficiency, marking a significant development in OpenAI's strategy to control more of its technology stack.

Cerebras Reports Earnings with 92% Revenue Growth but Weak Margin Guidance, Chip Stocks Decline

06/24/2026, 06:36 AM economy review ai semiconductors Micron

Investors should note the significant decline in chip stocks, particularly Micron, which could impact market sentiment and lead to a search for safer investments. Additionally, Cerebras' disappointing earnings guidance may raise concerns about the AI chip sector's growth prospects.

SK Hynix Plans $29 Billion Nasdaq Listing to Expand Investor Base and Enhance Global Presence

06/24/2026, 04:36 AM economy fundraising semiconductors ai

SK Hynix is set to raise approximately $29 billion through an American depositary receipts (ADR) listing on the Nasdaq, aiming to enhance its global presence and investor base, particularly in the AI sector.

Analysts Morgan Stanley raised China’s humanoid robot shipment forecast to 50,000 units as commercialization accelerates

06/24/2026, 03:37 AM economy forecast Analysts: analysts, Morgan Stanley ai Morgan Stanley

Morgan Stanley has significantly increased its forecast for China's humanoid robotics market, anticipating a surge in shipments and market growth driven by rapid commercialization and government support. This shift presents a notable investment opportunity in the sector as China aims to lead in robotics technology.