What happened: Nebius (NBIS) stock soared 15% on Wednesday. What’s behind the move: The AI cloud computing company reported revenue of $399 million in the first quarter, representing 684% year-over-year growth and a 75% increase from the previous quarter. “Everything we bu
Quick Read - Bank of America raised its Advanced Micro Devices (AMD) stock price target to $500 and maintained a Buy rating, citing a $1.7 trillion AI data center opportunity by 2030 driven by EPYC processor and MI accelerator gains. - Daiwa downgraded AMD to Outperform despite...</strong
Financial markets are beginning to move beyond the traditional opening bell. While stock exchanges still operate within fixed trading hours, crypto markets run continuously — 24 hours a day, seven days a week That shift is changing how exchanges, trading infrastruct
Just a few years ago, Google Cloud Platform (GCP) was a quiet punchline in Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) portfolio: A cash-burning experiment that most investors overlooked while Amazon Web Services (AWS) and Microsoft Azure dominated cloud computing budgets. T
- Investors are fleeing government bonds after back-to-back US inflation reports this week showed mounting price pressures, sending benchmark interest rates to the highest levels in nearly a year. Most Read from Bloomberg The yield on benchmark 10-year Treasuries rose to t
- China’s twin leaders in artificial intelligence reported revenue that fell short of estimates, signaling the challenges in translating higher spending on AI into faster growth. Most Read from Bloomberg Alibaba Group Holding Ltd.‘s revenue grew a less-than-projected 3% th
By Promit Mukherjee and David Ljunggren OTTAWA, May 13 The Bank of Canada on Wednesday said there were no signs so far that artificial intelligence was leading to widespread job losses, adding the technology had the potential to transform tasks rather than eliminate them.
NEW YORK, May 13 The Federal Reserve Bank of New York on Wednesday defeated an appeal by a Puerto Rican lender whose access to the U.S. central banking system was cut off in a crackdown on lenders with links to Venezuela. In a 3-0 decision, the 2nd U.S Circuit Court
Tower Semiconductor (NASDAQ:TSEM) reported better-than-expected financial results for the first quarter and issued an upbeat outlook, sending its shares 12% higher on Wednesday morning. For the quarter ended March 31, 2026, Tower Semiconductor reported revenue of $413.6 mi
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading softer near 1.1711, extending its recent downward drift as markets weigh US–Iran tensions and UK political risks alongside German reform uncertainty. Euro area GDP and industrial production met or