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Investors poured into tech stocks at one of the fastest clips of the year a day after the Federal Reserve cut its benchmark interest rate for the first time since 2020.
Chinese companies are ramping up efforts to produce a viable alternative to Nvidia's chips that power artificial intelligence as Beijing continues its efforts to wean itself off American technology.
U.S. sanctions over the years on China's semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector.
Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital.
Tiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation.
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia's high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models.
Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year.