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Broadcom soars as demand for AI chips powers forecast raise

Broadcom surged about 15% as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology.

Apple CEO Tim Cook attends the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. REUTERS/Carlos Barria/File Photo

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion.

Video still from In Focus on One America News Network during an interview with the guest, John Cooper.

Alphabet Mafia Occupies Tampa, FL Police Department

with John Cooper

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

US regulators to open antitrust inquiries of Microsoft, OpenAI and Nvidia

The Justice Department and the FTC have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the AI industry.

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades.

FILE - The Google building is seen in New York, Feb. 26, 2024. Google has fired 28 employees who were involved in protests over the tech company's cloud computing contract with the Israeli government, according to statements from the company and campaigners, Thursday, April 18. (AP Photo/Seth Wenig, File)

Exclusive: Google, augmented reality startup Magic Leap strike partnership deal

Google and Magic Leap are forming a strategic technology partnership and working on building immersive experiences that blend the physical and digital worlds.