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EROC: Record backlog and strong AI demand drive 2026 growth outlook despite Q2 net loss
Quartr·2 hours ago
- EROC reported a record $1.7 billion backlog driven by strong AI data center demand, alongside major orders from Anthropic and Meta. - Despite posting a Q2 net loss of $67.7 million, the company successfully raised $400 million through its initial public offering. - Driven by these robust market conditions, EROC expects to achieve 2.5x revenue growth in the year 2026.
EROC+7.04%META+0.71%
Manus Resumes Independent Operations After Meta’s $2 Billion AI Acquisition Revoked by Chinese Regulators
TradingKey·5 hours ago
- Manus announced the resumption of independent operations following the cancellation of its 2 billion USD acquisition by Meta due to Chinese regulatory requirements. - The company will delete certain user data generated on or after December 29, 2025, to comply with jurisdictional regulations, with data backups required before August 23. - Following the finalization of the operational separation and equity buyback, Manus will continue product iteration and launch new AI agent features.
META+0.71%METW+0.88%
Core Scientific says Q2 2026 colocation revenue rises to $137 million on 437 MW billed capacity ramp-up
PUBT·7 hours ago
- 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+1.65%GBTC-0.81%
SpaceX (SPCX) Takes On Google and Microsoft with Grok Bot
Tip Ranks·4 hours ago
- 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-3.93%GOOG-3.61%
Threads has a VR app now
The Verge·3 hours ago
- Meta launched a Threads application for Meta Quest virtual reality headsets on Tuesday to enhance social interactions in virtual environments. - This release follows the platform's recent expansion to Ray-Ban Display augmented reality glasses and achieving 500 million monthly active users. - The new virtual reality application offers comprehensive features including browsing feeds, creating posts, searching, and viewing videos.
META+0.71%METU+1.39%
Trump pushes to scale back childhood vaccines in new executive order
MSN·1 day ago, 04:39 PM
NVDA-0.02%NVDY+0.08%
Micron Says AI Memory Crunch Could Last Beyond 2027 as DRAM Demand Soars
Market Beat·21 hours ago
- 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+0.87%MULL+1.46%
Meta Stock Rises as It Plans to Open Muse Spark 1.2 and Launch AI Models for Laptops
Tip Ranks·1 day ago, 11:09 AM
- Meta is releasing the weights for its Muse Spark 1.2 model and launching Muse Glimmer, a family of smaller open-source AI models designed to run directly on laptops. - The open-source strategy aims to help Meta compete with OpenAI, Anthropic, and Chinese AI labs while addressing investor concerns over capital spending projected to reach $145 billion in 2026. - Wall Street analysts maintain a Strong Buy consensus rating on Meta stock with an average price target of $753.67 per share.
META+0.71%METW+0.88%
Signed up for Klaviyo? Dozens of advertisers may have seen your password
TechCrunch·1 day ago, 09:19 AM
- Klaviyo inadvertently shared new customers' sign-up information, including passwords, with third-party advertisers and tech giants due to a misconfigured web form. - The security flaw exposed sensitive data such as email addresses, company names, and phone numbers to companies like Meta, Google, and Microsoft from February 2024 through November 2025. - Klaviyo confirmed fixing the application configuration issue and notified fewer than 200 affected individuals, though the total impact and duration of the leak remain unclear.
KVYO+2.74%META+0.71%
Nvidia’s Best Customers Have a Reason to Stop Buying So Many Nvidia Chips
Barchart Option·2 hours ago
NVDA-0.02%NVDL-0.15%
A Recent Email Within Microsoft Seems to Confirm What Many Suspected: Tech Companies Are Overspending on AI
Motley Fool·8 hours ago
- A leaked internal email from Microsoft executive Jay Parikh advises employees to exercise caution with artificial intelligence usage and focus on justifiable outcomes rather than maximum consumption. - This directive reinforces investor concerns that major technology companies are overspending on artificial intelligence without guaranteed returns. - Investors should exercise caution regarding highly valued tech stocks due to the risk of a market correction if heavy artificial intelligence investments prove unprofitable.
MSFT-0.44%MSFD+0.69%
Alphabet Is Poised to Be an AI Winner, Analyst Says
benzinga_article·6 hours ago
- BNP Paribas maintained an Outperform rating on Alphabet Inc. with a $420 price forecast while identifying the company as a key beneficiary of artificial intelligence. - The analyst noted that Alphabet's current valuation underestimates its strength across infrastructure, cloud demand, and digital advertising. - Alphabet shares traded lower at $349.82 amid broader tech sector weakness, though Wall Street maintains a largely bullish long-term outlook.
GOOG-3.61%GOOGL-3.84%
Nvidia AI Chips Are Now an Asset Class. BlackRock CEO Larry Fink Just Compared Them to Mortgage-Backed Securities.
Barchart Option·7 hours ago
NVDA-0.02%NVDU-0.24%
Nvidia's $500 Billion Bet Shows Up In Credit
ZeroHedge·21 hours ago
- Nvidia’s 500 billion dollar financing push highlights that the artificial intelligence buildout is increasingly becoming a credit story. - Wider credit spreads are presenting a less comfortable companion to ongoing equity gains in the market.
NVDA-0.02%NVDX-0.15%
ZoomInfo Data Now Integrated With Microsoft Copilot Studio and Available in Microsoft 365 Copilot, Dynamics 365, Excel, and Word | GTM Stock News
StockTitan·14 hours ago
- ZoomInfo announced the availability of its GTM MCP connector for Microsoft Copilot Studio, integrating verified B2B intelligence into Microsoft 365 Copilot, Dynamics 365, Excel, and Word. - The integration utilizes ZoomInfo's headless GTM context layer to surface 500 million contacts, 100 million companies, and intent signals directly within existing user workflows without manual tab switching. - This collaboration aims to eliminate manual research friction and improve sales productivity by providing real-time data access governed by enterprise administrative controls.
GTM-3.55%MSFT-0.44%