The Donald Trump administration is reportedly exploring whether the U.S. government should take ownership stakes in leading artificial intelligence companies, a move that comes days after Sen. Bernie Sanders (I-Vt.) unveiled a proposal calling for public ownership of major AI firms.
Sen. Elizabeth Warren (D-Mass.) has invited Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang to testify before the Senate Banking Committee next week.
Former Vice President Mike Pence said artificial intelligence (AI) policy should balance limited government oversight with strong free-market competition to ensure U.S. leadership in emerging technology.
Canadian Prime Minister Mark Carney has put a stop to a regulation that would have required U.S. streaming services such as Netflix Inc. (NASDAQ:NFLX), Amazon.com‘s (NASDAQ:AMZN) Prime and The Walt Disney Company‘s (NYSE:DIS) Disney+ to invest billions in Canadian television.
Software & Technology
Microsoft (NASDAQ:MSFT) has accelerated its quantum computing ambitions, announcing plans to deliver a commercially useful, scalable quantum computer by 2029.
ServiceTitan, Inc. (NASDAQ:TTAN) announced its fiscal first-quarter 2027 financial results, highlighting strong customer performance and growth initiatives.
Palo Alto Networks Inc. (NASDAQ:PANW) reported fiscal third-quarter 2026 results, beating Wall Street expectations on revenue and earnings while raising its full-year outlook.
Solidion Technology Inc. (NASDAQ:STI) announced its patented Generation Extreme-Climate Battery (Gen-ECB) platform.
Samsara Inc. (NYSE:IOT) reported adjusted earnings of 17 cents per share, beating analyst estimates of 13 cents. Revenue climbed 31% year over year to $478.8 million, exceeding the consensus estimate of $455.2 million. On a constant-currency basis, revenue increased 29%.
Guidewire Software Inc. (NYSE:GWRE) reported quarterly adjusted earnings of 82 cents per share, which beat the 74 cent analyst estimate
Quarterly revenue came in at $372.54 million, which beat the Street estimate of $355.95 million.
Planet Labs PBC (NYSE:PL) reported quarterly losses of three cents per share, which beat the analyst consensus estimate for losses of four cents. Revenue came in at $94.15 million, which beat the Street estimate of $89.85 million.
Rubrik Inc. (NYSE:RBRK) reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate for a loss of three cents. Revenue came in at $387.07 million, which beat the Street estimate of $366.3 million.
Quantinuum Inc. (NASDAQ:QNT) raised $1.68 billion through the sale of 28 million Class A shares, pricing above an already-elevated range of $53 to $55 after demand came in roughly 20 times oversubscribed.
CrowdStrike Holdings Inc (NASDAQ:CRWD) reported first-quarter revenue of $1.39 billion, beating analyst estimates of $1.36 billion. The cybersecurity company posted adjusted earnings of $1.10 per share, beating estimates of $1.07 per share.
Smartphones, Semiconductors & IT Services
Apple Inc (NASDAQ:AAPL) hosts its Worldwide Developers Conference, commonly known as WWDC, next week from Monday, June 8, through Friday, June 12. One analyst expects the event to be a major catalyst for Apple stock and its future growth.
Broadcom Inc. (NASDAQ:AVGO) reported fiscal second-quarter revenue of $22.2 billion, edging past the Street’s $22.1 billion, with adjusted EPS of $2.44 versus the $2.39 consensus.
Broadcom is creating what it calls the AI XPU platform alongside Apollo Global Management, Inc. (NYSE:APO), Blackstone Inc (NYSE:BX) and other investors. According to the CEO, the initiative aims to deploy more than 20 gigawatts of compute capacity through 2028.
International Business Machines Corporation (NYSE:IBM) shares are down on Thursday after the company disclosed a strategic partnership with Alphabet Inc‘s (NASDAQ:GOOG) Google Cloud.
Amazon.Com Inc (NASDAQ:AMZN) detailed a more than 10 billion euros plan to expand and modernize European fulfillment centers, including new robotics like the next-generation Proteus robot (with Europe deployment planned for the first half of 2027) and a broader rollout of systems like Vulcan and STARK.
Micron Technology (NASDAQ:MU) CEO Sanjay Mehrotra unloaded nearly $36 million in company stock last week, filing a Form 4 with the SEC disclosing the sale of 37,439 shares on May 29 across 30 separate transactions at a weighted-average price of $960.38 per share — netting a total of approximately $35.96 million.
NVIDIA is accelerating its AI infrastructure push, beginning shipments of next-generation networking switches developed with Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) while CEO Jensen Huang argues the economics of artificial intelligence have become “insanely profitable.”
The CEO of Taiwan Semiconductor, C.C. Wei, issued a warning over manufacturing capacity constraints and signaled openness to future price hikes
Automobile, Defense & Aviation
Merlin, Inc. (NASDAQ:MRLN) announced it successfully completed a critical design review for its Merlin Pilot system with U.S. Special Operations Command (USSOCOM).
Chinese carmakers BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) and Chery Automobile are accelerating overseas sales as they seek higher profits outside a slowing home market and benefit from rising global demand for electric vehicles.
SpaceX’s blockbuster IPO aims to raise over $75 billion via its upcoming listing in June, but the Elon Musk-led company could get an additional boost via its underwriters, like Goldman Sachs Group Inc. (NYSE:GS).
Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi has said that artificial intelligence (AI) applications have boosted productivity and forced the company to slow down hiring.
SpaceX and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk said the EV giant’s Terafab chip fabrication facility in Grimes County, Texas, would become the county’s largest source of revenue.
Artificial Intelligence (AI)
Palantir (NASDAQ:PLTR) CEO Alex Karp warned that major AI companies risk being nationalized, saying the momentum has shifted toward those pushing for government control, as Sen. Bernie Sanders said he would soon introduce legislation giving the public a 50% ownership stake in the country’s largest AI firms.
Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky is reportedly launching a new artificial intelligence (AI) venture focused on developing AI models.
Artificial intelligence company Anthropic proposed an industry-wide pause in AI development, arguing that increasingly capable systems may soon begin accelerating their own development beyond the pace of human oversight.
Sen. Elizabeth Warren (D-Mass.) has warned that private equity firms are positioning themselves to profit from the artificial intelligence boom by acquiring utility companies and passing the costs of grid upgrades needed to support data centers onto consumers through higher electricity bills.
Warren (D-Mass.) warned that rapid advances in artificial intelligence could reshape or eliminate a large share of jobs, arguing that policymakers must act now rather than wait for widespread layoffs to hit workers.
Warren (D-Mass.) reaffirmed her calls for a tax on AI to fund public education and healthcare amid Silicon Valley’s artificial intelligence push.
CXApp Inc (NASDAQ:CXAI) announced the acquisition of EngineRoom, an AI-powered growth intelligence platform.
C3 AI Inc. (NYSE:AI) reported a quarterly adjusted loss 33 cents per share, beating the estimate for a loss of 37 cents. Revenue came in at $51.6 million, which beat the Street estimate of $50.24 million.
OpenAI CEO Sam Altman defended his company’s political engagement as scrutiny intensifies over how much influence artificial intelligence firms wield in Washington through lobbying and campaign spending.
Chinese AI startup DeepSeek is reportedly preparing to raise about $7.4 billion in its first external funding round, a move that could value the company at as much as $59 billion.
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