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Market News
Latest financial news and analysis from global markets
NVDA
Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon's cloud
Amazon.com and Cerebras Systems on Friday said they have reached a deal to combine the two companies' computing chips in a new service aimed at speeding up chatbots, coding tools and other artificial intelligence services. Valued at $23.1 billion, Cerebras is a chip startup aiming to take on Nvidia by building a fundamentally different kind of AI chip that does not rely on expensive high-bandwidth memory as Nvidia's flagship chips do. Earlier this year, Cerebras signed a $10 billion deal to supply chips to ChatGPT creator OpenAI.
NVDA
Tammy Kiely
When she left more than two decades later, she was a partner running semiconductor investment banking globally and co-leading tech investment banking. A Bay Area native, Kiely joined Evercore in 2023 as a senior managing director and partner. At Evercore Kiely has advised clients such as Synopsys in its $35 billion acquisition of Ansys, and Ampere in its $6.5 billion sale to SoftBank.
NVDA
Amazon Will Use Cerebras’ Giant Chips to Help Run AI Models
Amazon Web Services, the biggest provider of cloud computing power, will begin offering a new service based on the arrangement in the second half of 2026, according to a statement Friday. Financial terms weren’t disclosed. The two companies have been preparing for this collaboration for several years, according to Amazon Web Services Vice President Nafea Bshara.
AVGO
Starbucks, Amgen, and CVS Help This Income Fund Shine
Hilda Applbaum, co-manager of the American Funds Income Fund of America, likes to buy inexpensive, high-yielding stocks poised for an upturn. Her strategy has trounced 98% of peers.
NVDA
Data Shows Dave Ramsey Is Dead Wrong About This — But He Nailed One Thing
Like him or hate him, Dave Ramsey is one of the most recognizable personal finance experts on the planet. Over the course of decades, he’s inspired millions of individuals to focus on paying down debt, and begin accumulating wealth. One has to applaud such an effort, given the current state of the average American in ... Data Shows Dave Ramsey Is Dead Wrong About This — But He Nailed One Thing
AAPL
Meta Delays New AI Model. Its Loss Could Be Google’s Gain.
The social-media company is struggling to develop a bot that can match its peers and might even have to license Google technology, according to a report. Meta hasn’t launched a cutting-edge AI model since its Llama 3 release back in 2024. Meta did release two versions of its Llama 4 AI model last year, but they were smaller models designed to run efficiently on limited hardware and were meant to be followed by a larger edition called “Behemoth.”
GOOGL
Meta Delays New AI Model. Its Loss Could Be Google’s Gain.
The social-media company is struggling to develop a bot that can match its peers and might even have to license Google technology, according to a report. Meta hasn’t launched a cutting-edge AI model since its Llama 3 release back in 2024. Meta did release two versions of its Llama 4 AI model last year, but they were smaller models designed to run efficiently on limited hardware and were meant to be followed by a larger edition called “Behemoth.”
NVDA
Dara Khosrowshahi Just Gave Uber Investors Great News
The successful CEO is addressing the mobility company's biggest risk factor.
GOOGL
Dara Khosrowshahi Just Gave Uber Investors Great News
The successful CEO is addressing the mobility company's biggest risk factor.
INTC
Dara Khosrowshahi Just Gave Uber Investors Great News
The successful CEO is addressing the mobility company's biggest risk factor.
PLTR
Palantir CEO Says AI Gives U.S. Edge in Middle East Conflict
Company's technology is increasingly used to coordinate military data and operations among U.S. allies.
NVDA
Nvidia Just Dumped This AI Stock, but Here's Why That Might Be a Buying Opportunity
Applied Digital lost its biggest backer, but it's still growing like a weed.