by Anusuya Lahiri | May 7, 2026 | General
Alibaba Group Holding Limited (NYSE:BABA) is outperforming Tencent Holding Ltd. (OTC:TCEHY) in the latest Asian AI rally as investors increasingly favor semiconductor-linked plays over companies focused mainly on AI models and applications. Alibaba Gains Momentum On...
by Eva Mathew | May 7, 2026 | General
The S&P 500 rallied to another all-time high on Wednesday, climbing 1.46% to close at 7,365.12, as investors cheered signs that the U.S. and Iran may be nearing an agreement to end the conflict. Polymarket traders are leaning bullish again heading into...
by Namrata Sen | May 7, 2026 | General
Eli Lilly and Co. (NYSE:LLY) revealed plans to inject an extra $4.5 billion into two of its Indiana manufacturing sites on Wednesday. This move escalates its total capital expansion in the state since 2020 to over $21 billion. The additional funding is intended to...
by Namrata Sen | May 7, 2026 | General
The Pentagon’s Chief Digital and Artificial Intelligence Office (CDAO) has awarded a major $500 million contract to Scale AI, a startup in which Meta Platforms (NASDAQ:META) holds a minority stake, to support data analysis and AI-driven decision-making. The...
by Anusuya Lahiri | May 7, 2026 | General
Counterpoint Research analyst Neil Shah said the rise of Agentic AI is reshaping the semiconductor industry by increasing demand for CPUs, GPUs, memory, and AI infrastructure as enterprises build gigawatt-scale AI systems. AMD Expands Its AI Infrastructure Position...
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