Tag: CNBC

Arts and EntertainmentBusiness

Walmart Challenges Amazon in AI Shopping Race as Boeing Scores Triple Win

Walmart launches direct shopping through ChatGPT in a strategic move against Amazon’s AI dominance. Meanwhile, Boeing celebrates three major developments including defense contracts and aircraft delivery growth amid market volatility.

Market Volatility and Federal Reserve Dynamics

Wall Street experienced significant turbulence on Tuesday as the S&P 500 erased early losses of approximately 1.5% to turn modestly higher in late afternoon trading. The initial market decline stemmed from renewed concerns about U.S.-China trade tensions following Monday’s strong recovery from Friday’s tariff-driven selloff. Technology stocks particularly struggled, keeping the Nasdaq Composite in negative territory throughout the session as the only declining sector among the S&P 500’s 11 major indexes.

by Daniel R.Collins
BusinessStartups

Oura Ring Valuation Hits $11 Billion After $900 Million Funding Round

Oura has achieved an $11 billion valuation following a $900 million Series E funding round. The Finnish wearable company reported over $500 million in 2024 revenue and expects to reach $1 billion in sales this year while competing with major tech players in the smart ring market.

Oura has reached an unprecedented $11 billion valuation following a massive $900 million Series E funding round, positioning the Finnish wearable technology company among the most valuable private health tech firms globally. The substantial investment comes as Oura reports explosive growth, with revenue exceeding $500 million in 2024 and projections indicating the company will achieve $1 billion in sales during 2025 according to their latest financial disclosures.

Record-Breaking Funding Round Details

by Bennett Laura
Arts and EntertainmentAssistive Technology

How Broadcom’s OpenAI Deal Accelerates Data Center Boom and Reshapes AI Trade

Broadcom’s 10.7% stock surge follows its OpenAI data center partnership for custom inference chips. The deal represents part of OpenAI’s 36GW capacity expansion, equivalent to 18 Hoover Dams. This signals unprecedented growth in AI infrastructure and semiconductor demand.

The artificial intelligence revolution is entering its infrastructure phase, as evidenced by Broadcom’s massive 10.7% stock surge following its OpenAI partnership announcement for custom-designed inference chips. This collaboration, developed over 18 months, represents the latest move in what industry experts are calling the largest industrial undertaking in history, with OpenAI announcing roughly 36GW of data center capacity since January. The scale is staggering—equivalent to 18 Hoover Dams’ worth of power—and signals how the AI trade is shifting from software to critical hardware infrastructure.

Understanding the Broadcom-OpenAI Semiconductor Partnership

by Daniel R.Collins