Enterprise
- These 5 infrastructure stocks have more than tripled this year on the AI trade - While Nvidia has been the biggest infrastructure winner during the AI boom, other data center stocks have performed better this year.
- Motive, an Alphabet-backed fleet management software company, files for IPO - Motive says its products, including a dashboard camera for tracking truckers, have saved over 1,000 lives.
- ServiceNow acquiring cybersecurity startup Armis for nearly $8 billion - The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence.
- Palo Alto Networks announces multibillion-dollar deal with Google Cloud - The agreement is an expansion of the companies' existing strategic partnership.
- Oracle stock jumps 5% as cloud provider joins investor group to run TikTok's U.S. business - The new joint venture will prevent TikTok from shutting down in the U.S. due to national security concerns.
- Micron stock pops 12% as AI memory demand soars: 'We are more than sold out' - Micron said it expects the total addressable market for high-bandwidth memory to hit $100 billion by 2028.
- Oracle stock dips 5% on report Blue Owl Capital won't back $10 billion data center - The cloud company later said the project was moving forward and "on schedule," but that Blue Owl was not part of equity talks.
- OpenAI in talks with Amazon about investment that could exceed $10 billion - OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed.
- PayPal applies to form bank that can offer small business loans and savings accounts - PayPal has applications pending with the state of Utah and the Federal Deposit Insurance Corporation to establish PayPal Bank.
- AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide - In at least one corner of the AI market, sentiment has turned decidedly negative.