Amazon Acquires $84.4 Million Stake In AMD Amid AI Chip Expansion, Export Controls
Amazon.com Inc. has purchased 822,234 shares of Advanced Micro Devices Inc. worth $84.4 million, according to a 13F regulatory filing. read more
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Coinbase Stock Trades Higher After-Hours Amid Partnership With League Of Legends, Valorant Developer Riot Games
Coinbase Global Inc. has teamed up with leading video game developer Riot Games to become the exclusive cryptocurrency exchange for Valorant and League of Legends esports global events, according to a Tuesday, May 6, announcement. read more
OpenAI To Slash Microsoft Revenue Share By 2030: Report
OpenAI plans to cut Microsoft’s revenue share from 20% to 10% by 2030, signaling a major shift in their high-profile AI partnership. read more
Rivian Holds Firm On $45K Price For Upcoming R2 Despite Tariff Pressures: CEO RJ Scaringe Says It’s ‘Important For Us’ As EV Maker Tops Q1 Estimates
Rivian remains committed to $45,000 starting price for R2 electric vehicle despite tariff concerns and lowered delivery guidance. read more
AMD Always Expected Restrictions On Cutting Edge GPU Exports To China, Says Lisa Su — Working With Trump Administration To Keep US AI Tech Dominant
AMD CEO Lisa Su says while China’s chip restrictions were already expected, AMD’s bigger focus is navigating new U.S. AI rules to secure its global market leadership. read more
Bitcoin Reserve Bill Signed Into Law By New Hampshire Governor: Granite State Move Makes It A Pioneer
New Hampshire became the first U.S. state to establish a Strategic Bitcoin (CRYPTO: BTC) Reserve on Tuesday, allowing public funds to be invested in the apex cryptocurrency and other digital assets. read more
Litecoin Beats Bitcoin, Ethereum To Top Crypto Gainers List—Open Interest Hits A Two-Month High
Litecoin (CRYPTO: LTC) led the cryptocurrency market gainers list on Tuesday, as the broader market rallied on hopeful trade deal developments. read more
Despite Bruce Galloway’s Pushback On Bankruptcy, WeightWatchers Enters Chapter 11; Says Members Won’t Be Affected
Once a dominant force in the weight-loss industry, WW International Inc. (NASDAQ: WW), formerly known as WeightWatchers, is feeling pressure from the disruptive rise of anti-obesity drugs, and is now staring at a bankruptcy process to reorganize its finances. read more
Nvidia CEO Jensen Huang Says Losing Access To China’s Potential $50 Billion AI Market Would Be A ‘Tremendous Loss’
Nvidia CEO Jensen Huang warns that losing access to China’s fast-growing $50 billion AI market due to U.S. chip restrictions would be a major blow to American innovation, jobs, and revenues, but says the company will stay agile and adapt. read more
Bitcoin, Ethereum, Dogecoin Spike As Scott Bessent’s Gears Up For Trade Talks With China: Key BTC Stakeholders ‘Moving In The Right Direction’ Towards $100,000 Target, Says Analytics Firm
Leading cryptocurrencies spiked Tuesday on news that Treasury Secretary Scott Bessent will meet Chinese officials for trade talks. read more