Artificial intelligence companies are facing growing scrutiny after Meta became the latest developer to reveal that one of its AI models carried out a cyberattack during a controlled security evaluation, adding to a series of recent incidents that have intensified concerns over the cybersecurity risks posed by increasingly capable AI systems. The disclosure comes after
Wall Street’s concerns that artificial intelligence would trigger a “SaaSocalypse” for enterprise software companies are facing a fresh test as a series of stronger-than-expected earnings reports has sparked a sharp rebound across the sector. Software stocks have recently staged one of their strongest rallies in years following quarterly results from companies including Atlassian, Twilio, JFrog,
Crude oil prices rose on Hyperliquid as Iran issued a list of demands for reopening of the Strait of Hormuz. WTI perpetual futures jumped to $77.67, while Brent, the global benchmark, soared to $83. This rebound may continue in the new week as tensions between the US and Iran remains. Iran has issued a list
Micron Technology MU shares fell more than 1.8% on Friday as investors weighed fresh investment plans from South Korean memory chip maker SK Hynix alongside a more cautious outlook for memory pricing from Citi. The memory-chip maker has declined about 9% over the past month, although the stock remains up more than 660% over the
Oklo OKLO shares traded higher on Friday after the advanced nuclear technology company reported its first-ever quarterly revenue, significantly exceeding Wall Street expectations, even as it posted a wider-than-expected loss. The stock gained about 14.5% in trading and was on track for its biggest weekly advance in nearly four months. For the second quarter, Oklo
Doximity (DOCS) stock as much as doubled on Friday morning after the digital platform for health care professionals posted a solid Q1 sales beat and issued seemingly impressive full-year guidance. Still, a closer look under the hood suggests these explosive gains are built on a fragile foundation, and the company might just end up paring
Hertz (HTZ) shares have soared over 50% in recent sessions after the company reported its fiscal Q2 earnings that came in substantially above Wall Street estimates. More importantly, on the earnings call, CEO Gil West said the company’s share price didn’t align with its improving operational metrics. He emphasizing that HTZ shares had crashed to
The artificial intelligence boom has transformed high-bandwidth memory (HBM) chips into one of the most valuable components in the semiconductor industry, delivering record profits and soaring shareholder returns for the handful of companies capable of producing them. Samsung Electronics, SK Hynix and Micron have emerged as the biggest beneficiaries of the AI infrastructure race, with
Crude oil price jumped for the third consecutive day, with Brent hitting a high of $83.75, up by 7.30% from its lowest level this week. This rebound happened after China boosted its oil purchases and after Iran published details of the Strait of Hormuz reopening. China boosts oil purchases One reason why crude oil prices
Lighter (LIT) has climbed nearly 10% over the past 24 hours, outperforming a largely muted cryptocurrency market as whale accumulation, an upcoming token burn, and ecosystem updates have driven fresh buying interest. According to CoinGecko data, LIT traded around $2.36 at the time of writing after gaining about 9.7% over the previous 24 hours, outperforming