iShares A.I. Innovation and Tech Act ETF (BAI.US) Latest News & Headlines | Longbridge

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Foxconn's AI Business Just Overtook iPhones
GuruFocus·4 hours ago
- Foxconn reported a 35% increase in second-quarter net profit to T $59.97 billion, driven by robust demand for artificial intelligence servers. - Cloud and networking goods, including AI servers, contributed 51% of quarterly revenue, while smart consumer electronics accounted for 29%. - The company plans to boost capital investment by over 30% this year and supply Nvidia's next-generation server racks in the fourth quarter.
NVDA+3.03%NVD-5.94%
WhiteFiber Expands AI Infrastructure, Cloud Contracts Exceed $540 Million
benzinga_article·3 hours ago
- WhiteFiber reported second-quarter revenue of $28.84 million and a narrower-than-expected loss of $0.39 per share, driven by strong growth in cloud services and colocation. - New multi-year cloud contracts exceeded $540 million in aggregate value, supported by major deployments utilizing NVIDIA hardware. - The company invested approximately $83.2 million in infrastructure growth and secured exclusive access to 100 MW of liquid-cooled colocation capacity through Cranboo.
WYFI+18.00%NVDA+3.03%
Elon Musk Says AI Will Be SpaceX's Biggest Business by September: Does the Math Check Out?
benzinga_article·6 hours ago
- SpaceX CEO Elon Musk forecasted that artificial intelligence revenue will exceed all other company revenue as soon as September and significantly surpass the rest of the business in the fourth quarter. - The company targets a roughly $100 billion annualized revenue run rate by the end of the year, supported by expectations of having more than two gigawatts of compute capacity online. - Industry estimates and rapid data center deployment capabilities underpin this growth, as SpaceX leverages its speed to charge premium prices for AI computing capacity compared with conventional developers.
SPCX+9.65%SPCG-19.21%
SK Hynix, Samsung Stocks Rally as Singapore State Fund Adds Stakes on Memory Giants
benzinga_article·1 hour ago
- Singapore's Temasek plans to directly invest in Samsung Electronics and SK Hynix to expand its AI portfolio. - The news triggered a strong market reaction, with SK Hynix ADR shares jumping over 7% and memory stocks rallying globally. - This potential move reflects major investors increasingly treating AI memory as a long-term infrastructure asset.
MU+4.92%STX+7.03%
Fiduciary Financial Group LLC Acquires 7,713 Shares of Alphabet Inc. $GOOG
Market Beat·11 hours ago
- Alphabet Inc. reported strong Q2 financial results with $119.80 billion in revenue and earnings per share of $9.11, while its Gemini app surpassed 1 billion monthly active users. - Institutional investors and hedge funds actively adjusted their positions, and major partnerships like a 5 - year deal with Ryanair bolstered Google Cloud's AI demand. - The company faces ongoing scrutiny and investor concerns regarding high capital expenditure guidance of $195 billion to $205 billion for 2026, alongside regulatory pressures.
GOOG-0.18%GOOGL-0.08%
Nvidia 5-Year Debt Insurance Drops 4 Basis Points to 73 bps Following $500B Wall Street Pact
Tip Ranks·12 hours ago
- Nvidia announced a 500 billion dollar AI infrastructure agreement with six major investment firms to review data center deals and provide funding. - The partnership lowered Nvidia's 5-year debt insurance cost by 4 basis points to 73 basis points and capped its guarantee exposure at 25%. - This new financial structure safeguards Nvidia's free cash flow, reduces credit risk, and ensures continued demand for high-end chips.
NVDA+3.03%NVDD-2.98%
Alphabet Names New Head Of DeepMind A.I. Unit
Baystreet·7 hours ago
- Alphabet appointed former CTO Koray Kavukcuoglu as the new head of its DeepMind A.I. unit, succeeding cofounder Demis Hassabis, who became chair. - Kavukcuoglu will oversee Gemini model development and frontier research, facing pressure to close performance gaps with competitors OpenAI and Anthropic. - Alphabet announced that its Gemini A.I. app surpassed 1 billion monthly users following growth as GOOGL stock gained 69% over the past 12 months.
GOOGL-0.08%GOOG-0.18%
Core Scientific says Q2 2026 colocation revenue rises to $137 million on 437 MW billed capacity ramp-up
PUBT·1 day ago, 09:50 AM
- Core Scientific reported its Q2 2026 GAAP colocation revenue rose to $137 million, driven by a capacity ramp-up to 437 billable MW. - The company announced an AMD partnership spanning 530 MW across five sites, generating over $14 billion in base contracted revenue over 15 years. - Bitcoin mining operations continued to wind down with nearly 30% fewer miners online compared to Q1.
CORZ+5.62%GBTC-0.18%
Nvidia just recruited Wall Street to help fund $500 billion in AI infrastructure. Here’s the catch.
MSN·21 hours ago
NVDA+3.03%NVDD-2.98%
TSMC revenue jumps 45% as AI demand drives $64B expansion
MSN·1 day ago, 08:40 AM
- TSMC reported a 44.7 % year-over-year increase in July revenue to $ 14.5 B, driven by strong AI chip orders from major tech clients. - The company raised its 2026 capital budget to $ 60 B to $ 64 B to accelerate 3 nm and 2 nm ramps and revive 1.4 nm fab projects. - Analysts attribute TSMC's competitive edge to decades of process expertise that prevent rivals from catching up.
TSM+1.68%TSMU+3.06%
SpaceX (SPCX) Takes On Google and Microsoft with Grok Bot
Tip Ranks·1 day ago, 01:21 PM
- SpaceX launched an AI agent version of its chatbot called Grok Bot to compete with offerings from Microsoft and Google. - The company reported Q2 2026 AI revenue of $2.56 billion, representing a 247% year-over-year growth driven by cloud deals and subscription revenues. - Capital spending on AI infrastructure accounted for 86% of the company's $18.37 billion capital spending during the quarter.
SPCX+9.65%GOOG-0.18%
Google unveils the Pixel Watch 5 with a smarter Gemini and advanced health monitoring
TechCrunch·7 hours ago
- Google unveiled the Pixel Watch 5 starting at $399 during its Made by Google event. - The smartwatch features an integrated Gemini assistant and advanced health monitoring capabilities such as tracking blood pressure patterns and insulin resistance. - Powered by the Qualcomm Snapdragon W5 Gen 2 platform, the device offers up to 40 hours of battery life and improved fitness tracking.
GOOG-0.18%GOOGL-0.08%
KLA, Snowflake, Airbnb And A Health Care Stock On CNBC’s ‘Final Trades’
benzinga_article·8 hours ago
GILD+0.07%ABNB-2.64%
Micron Says AI Memory Crunch Could Last Beyond 2027 as DRAM Demand Soars
Market Beat·1 day ago, 08:04 PM
- Micron Technology expects memory-market supply constraints driven by artificial intelligence to persist beyond 2027 due to the lengthy process of building manufacturing capacity. - The company attributes the ongoing shortage primarily to DRAM constraints and high-bandwidth memory production tradeoffs, prompting strategic multiyear customer agreements with binding purchase commitments. - Micron is expanding its global manufacturing footprint and increasing its planned U.S. investment to $ 250 billion to enhance supply-chain resilience and meet rising long-term demand.
MU+4.92%MULL+9.93%
The 7 biggest announcements of Google’s Pixel 11 launch
The Verge·7 hours ago
- Google is hosting a device launch event on Wednesday evening to unveil its latest lineup of hardware products. - The company is introducing the new Pixel 11 smartphones with fresh color options and a price increase, alongside updated health features for the Pixel Watch 5. - The announcements are being livestreamed at 6 PM ET / 3 PM PT for global audiences to follow.
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