Amazon enters $3 trillion club on AI and cloud growth
Amazon's market value topped $3 trillion for the first time on Monday, driven by a rally after strong earnings and signs that the AI boom is boosting cloud-computing demand. The stock hit…
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SpaceX revenue surges, but Starship now carries the valuation
SpaceX’s second-quarter revenue rose 92% in its first post-IPO earnings report, beating analyst expectations by about $1 billion. Starlink subscribers doubled in a year to 12 million, while its revenue reached $4.29…
Situational Awareness Fund Reports 67% Loss After AI Bets
Leopold Aschenbrenner launched the Situational Awareness hedge fund in 2024 after writing about artificial superintelligence. Investor interest grew rapidly, and the fund was reportedly managing up to $45 billion by July. It…
