193 stories mentioning GOOG
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Alphabet's (GOOG, GOOGL) Google said Monday it will invest $1.5 billion for 2026 and 2027 to expand its data center campus in Jackson County, Alabama.Google also said it will fund all its own power and infrastructure costs as part of the expansion.Price: $369.28, Change: $+11.12, Percent Change: +3.10%
Google to Invest $1.5 Billion in 2026-27 to Expand Data Center Campuses in Alabama
The Standard & Poor's 500 index rose 0.7% this week as the US edged closer to signing a peace deal with Iran and consumer and wholesale price inflation reports that leaned dovish.The market benchmark ended the week at 7,431.46. The index is now up 14% quarter-to-date and 8.6% so far in the year.The US and Iran may sign a peace deal as soon as Sunday, setting the stage for a re-opening of the Strait of Hormuz, according to multiple media reports.While President Donald Trump fumed at Tehran for the inaccurate state media descriptions of a potential interim US-Iran agreement, Iran's foreign minister reportedly said a deal had been reached "on a majority of issues" and negotiators are in the final stage of internal deliberatioins.The core Producer Price Index grew slower than forecast in May on a month-over-month and a year-earlier basis. The core Consumer Price Index also came in cooler than expected on a monthly basis while the year-earlier print was in line.The probability of 25-basis-point increases in September, October, and December was lower on Friday than a week earlier, according to the CME FedWatch tool. The Fed is widely expected to remain on hold in June and July.The materials sector rose the most this week, up 3%, followed by a 2.6% gain in consumer staples and a 2% rise in financials.Shares of International Flavors & Fragrances (IFF) ended the week 7.2% higher at $78.27, the fifth-biggest gainer in materials. Benchmark initiated the company with a buy rating and a $100 price target. Late last month, International Flavors & Fragrances agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion.Casey's General Stores (CASY) shares surged more than 17% this week, the top performer in consumer staples, after the convenience store operator reported better-than-expected fiscal Q4 results.The two S&P 500 sectors that declined this week were communication services and energy.Meta Platforms (META) completed an operational separation from AI startup Manus and cut off data sharing amid pressure from Chinese authorities to reverse the $2 billion deal, Bloomberg reported Thursday, citing people familiar with the matter. Alphabet (GOOGL, GOOG) unit Google's YouTube and Meta (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.Shares of Meta and Alphabet were down 4.4% and 2.4%, respectively, this week, among the steepest decliners in communication services.Next week, Accenture (CAN) and Kroger (KR) are among the companies reporting their quarterly results. The US stock market will be closed on Friday for Juneteenth.Economic data due next week includes the Fed's interest-rate announcement, building permits and housing starts, and retail sales.
Uber Technologies (UBER) is evolving into a "diversified everything app" from predominantly a ride-hailing service, with growing margins, Tigress Financial Partners said Friday.The company has expanded its network of ride-hailing and delivery services, ventured into "platform adjacencies" that offer high margins, and pursued capital-light partnerships with autonomous and electric vehicle manufacturers, Tigress Director of Research Ivan Feinseth said in a note to clients.The brokerage noted Uber's partnerships and collaborations with major players such as Nvidia (NVDA), Alphabet's (GOOG, GOOGL) Waymo, Mobileye Global (MBLY), Rivian Automotive, (RIVN), Lucid Group (LCID) and Expedia Group (EXPE)."Uber is turning its scaled mobility and delivery networks, high-margin platform adjacencies, combined with its capital-light, (artificial intelligence-driven) AV/EV and travel partnerships, into a diversified everything app with expanding margins and long-term compounding potential," Feinseth said.Last month, Uber issued a bookings growth outlook that surpassed Wall Street's estimates, while its first-quarter profit grew year over year."Uber's pivot from subsidized growth to disciplined, self-funded expansion has driven (earnings before interest, taxes, depreciation, amortization, and restructuring) and free cash flow growth ahead of revenue, inflecting (return on capital) from negative levels in 2021 to meaningfully above its cost of capital, and positioning it for compound economic profit through continued reinvestment, share repurchases, and selective (mergers and acquisitions)," Feinseth said Friday.Tigress raised its price target on the Uber stock to $115 from $110 while reiterating its buy rating."We believe further upside in the shares exists, and our 12-month target price of $115 represents a potential return of close to 65% from current levels," Feinseth wrote.The company's shares were down 2% in Friday afternoon trade. So far this year, the stock has lost nearly 17% in value.Price: $68.15, Change: $-1.40, Percent Change: -2.01%
Alphabet's (GOOGL, GOOG) Google has filed a lawsuit against a suspected Chinese cybercrime group for allegedly using artificial intelligence to send over 2 million text messages that appear to be from the company and other trusted online brands, Bloomberg reported Friday.The messages contained urgent warnings about supposedly compromised accounts or alerts regarding package tracking, and contained links to websites that asked for confidential information, according to the report.Google's complaint claimed that scammers encouraged one another to use the Gemini chatbot to write custom code necessary to create their malicious websites, Bloomberg said.Google did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $357.87, Change: $+0.10, Percent Change: +0.03%
(Updates with Google declines to comment in the last paragraph.)Amazon-backed (AMZN) Anthropic signed over a dozen initial agreements to lease data center facilities from US developers, and the AI company has privately discussed a plan to have Alphabet's (GOOG, GOOGL) Google provide a financial guarantee for its lease payments, The Information reported Thursday, citing several people with direct knowledge of the plans.Anthropic currently rents chip servers from cloud providers, and its plan to become a direct tenant on data center projects reflects a new direction for the company, the report said.Google declined to comment, while Anthropic didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $350.15, Change: $-3.17, Percent Change: -0.90%
Amazon-backed (AMZN) Anthropic has signed over a dozen initial agreements to lease data center facilities from US developers, and the AI company has privately discussed a plan to have Alphabet's (GOOG, GOOGL) Google provide a financial guarantee for its lease payments, The Information reported Thursday, citing several people with direct knowledge of the plans.Anthropic currently rents chip servers from cloud providers, but its plan to become a direct tenant on data center projects reflects a new direction for the company, the report said.Anthropic and Google didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $346.03, Change: $-7.29, Percent Change: -2.06%
Anthropic Pursues Plan to Lease Data Centers, Seeks Google's Backing, The Information Reports
Alphabet's (GOOG, GOOGL) robotaxi unit Waymo is launching an invite-only membership program that promises priority bookings and other perks for $30 per month, the company said Thursday.The program, called Waymo Premier, will initially be offered to select customers in San Francisco, Los Angeles, and Phoenix, the company said.The member benefits include 10% cash back for every trip in the form of credits, five free trip cancellations every month, and early access to the service in new cities, Waymo said.Price: $346.13, Change: $-7.19, Percent Change: -2.03%
Alphabet's (GOOG, GOOGL) Google raised concerns over the costs and timetable of construction of an AI campus project in Wyoming under Crusoe's management, leading to Crusoe being pushed away from the project, Bloomberg reported Thursday, citing people familiar with the matter.On Tuesday, Crusoe said it had "paused" a plan to build the AI campus, but in reality, Black Hills (BKH) said Wednesday it was moving forward without Crusoe as its development partner, the report said. Google is working to finalize a deal with the remaining partners to purchase computing from the site, two of the people reportedly told Bloomberg.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $346.85, Change: $-6.47, Percent Change: -1.83%
Crusoe Dropped From Wyoming AI Project After Google Raises Issues, Bloomberg Reports
Alphabet's (GOOG, GOOGL) Google is in talks with Samsung to make part of a next-generation tensor processing unit, The Information reported Thursday, citing two people with direct knowledge of the project.The specialized AI chip, which Google uses in its cloud data centers and is code-named Icefish, is currently expected to be Google's 10th-generation TPU, the report said, citing the people.Google and Samsung didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $347.65, Change: $-5.67, Percent Change: -1.60%
Google May Pick Samsung for Key Role in Making Future AI Chip, The Information Reports
Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.4%.The Philadelphia Semiconductor index slumped 3.6%.In sector news, institutional demand for SpaceX shares is more than four times the amount available ahead of its initial public offering, Bloomberg reported.In corporate news, Microsoft-backed (MSFT) OpenAI is expected to go public within the next year, although the timing could shift depending on market and company conditions, The Information reported, citing Chief Executive Sam Altman's Slack message to staff. Microsoft shares were down 1.3%.Super Micro Computer (SMCI) shares tumbled past 25% after the company said late Tuesday it is planning $7 billion worth of equity and equity-linked financing transactions as part of efforts to fund AI orders related to its advanced servers.Alphabet (GOOGL, GOOG) unit Google's YouTube and Meta (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday. Alphabet shares were down 2.2%, and Meta shed 2.2%.ASML (ASML) will cut fewer jobs than the roughly 1,700 positions it initially planned to eliminate following negotiations with Dutch labor unions, Bloomberg reported. ASML shares declined 2%.
(Updates with Meta's response in the fifth paragraph.)Alphabet (GOOG, GOOGL) unit Google's YouTube and Meta Platforms (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.A California state court judge rejected the companies' argument that they were protected under Section 230 of the Communications Decency Act, a federal law that protects online platforms from liability over content generated by users, according to the report.Judge Carolyn Kuhl stated that the law does not address the companies' platform design choices and the jury was repeatedly instructed not to consider content, the report said.Google plans to appeal the decision, a company spokesperson toldin an emailed response.Meanwhile, a Meta spokesperson said the company expects the ruling to be overturned on appeal. "The plaintiffs' legal theory attempts to improperly circumvent Section 230 and the First Amendment," the spokesperson toldin an emailed response. "We stand firmly by our record and will continue to pursue all available appellate options."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $354.89, Change: $-7.40, Percent Change: -2.04%
(Updates with Google's response in the fourth paragraph.)Alphabet (GOOG, GOOGL) unit Google's YouTube and Meta Platforms (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.A California state court judge rejected the companies' argument that they were protected under Section 230 of the Communications Decency Act, a federal law that protects online platforms from liability over content generated by users, according to the report.Judge Carolyn Kuhl stated that the law does not address the companies' platform design choices and the jury was repeatedly instructed not to consider content, the report said.Google plans to appeal the decision, a company spokesperson toldin an emailed response.Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $354.17, Change: $-8.12, Percent Change: -2.24%
Alphabet's (GOOG, GOOGL) Google's YouTube and Meta Platforms (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.A California state court judge rejected the companies' argument that they were protected under Section 230 of the Communications Decency Act, a federal law that protects online platforms from liability over content generated by users, according to the report.Judge Carolyn Kuhl stated that the law does not address the companies' platform design choices and the jury was repeatedly instructed not to consider content, the report said.Google and Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $354.48, Change: $-7.81, Percent Change: -2.16%
Oracle's (ORCL) core database business is expected to show strong performance in its fiscal fourth quarter, while the company's capital expenditures are likely to stay elevated amid the ongoing data center buildout, BofA Securities said Tuesday.The cloud computing company is scheduled to report results after the closing bell Wednesday. BofA expects non-GAAP earnings of $1.98 a share on revenue of $19.07 billion for the quarter. Wall Street is looking for $1.97 and $19.09 billion, respectively, according to the brokerage."We continue to expect solid performance from Oracle's core database business, which grew 35% (year over year) and multi-cloud database revenue up 531% (year over year) in (the third quarter), as it provides a stable foundation for free cash flow generation, supported in part by strategic partnerships announced during the quarter with Amazon (AMZN) and [Alphabet's (GOOG, GOOGL)] Google," BofA analyst Tal Liani said in a note to clients Tuesday.Oracle's results will likely show a sequential acceleration in cloud revenue growth as additional data center capacity becomes available, converting some of the company's backlog -- or remaining performance obligations -- into additional revenue, according to the brokerage.BofA raised its price target on the Oracle stock to $240 from $200, while reiterating its buy rating.The company's shares were down 6.3% in Tuesday afternoon trade. The stock has increased 1.6% so far in 2026.Oracle's capital expenditures are expected to remain elevated, with the metric seen growing 21% to $11 billion in the fourth quarter and 36% to $68.3 billion in 2027, as the company continues to invest aggressively in data center capacity to meet its backlog commitments and overall demand for compute, according to BofA."While these trends reinforce underlying demand and ecosystem expansion, we do not expect core strength alone to offset the near-term impact of elevated capex on free cash flow," Liani said.BofA said it's focused on Oracle's potential remarks around its $20 billion at-the-market equity program announced earlier this year. The brokerage expects the company to need to raise an additional $35 billion over the next few years "given the cost intensity nature of the (data center) buildout," Liani said.Price: $198.12, Change: $-13.70, Percent Change: -6.47%
American Airlines (AAL) and Alphabet's (GOOG, GOOGL) Google entered into an agreement for sustainable aviation fuel certificates, the companies said Tuesday.The agreement will unlock 35 million gallons of sustainable aviation fuel over three years, with American purchasing and taking delivery of the physical fuel for Chicago O'Hare International Airport through existing infrastructure, the companies said.Additionally, Google will receive the environmental benefits to help address its emissions from employee business travel through the sustainable aviation fuel certificates registry, according to the companies.Financial terms related to the agreement were not disclosed.Price: $13.84, Change: $+0.24, Percent Change: +1.73%
US equity indexes were mixed as technology led sector charts, while President Donald Trump's diplomatic efforts to engineer a halt in strikes between Iran and Israel led to a retreat in crude oil prices from intraday highs.The Nasdaq Composite jumped 0.9% to 25,929.66, with the S&P 500 up 0.3% to 7,405.73, but the Dow Jones Industrial Average slipped 0.2% to 50,786.01 on Monday.All but three sectors fell at the close. Utilities, real estate, and materials led the decliners.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as their backup manufacturer of advanced processors, as Taiwan Semiconductor Manufacturing (TSM) struggles to meet demand, The Information reported Monday, citing four people with direct knowledge of discussions. Intel jumped 11%, one of the top gainers in the S&P 500 and the Nasdaq.Cantor Fitzgerald adjusted its price target for Micron Technology (MU) to $1,500 from $700 while maintaining its overweight rating. Wells Fargo tuned its price objective for Micron to $1,220 from $550 and kept its overweight rating. Shares of Micron were up 9.9%, making it one of the biggest outperformers in the S&P 500 and the Nasdaq.Israel and Iran are "looking to do an immediate CEASEFIRE," CNN cited President Donald Trump as saying, after an overnight exchange of strikes between the two warring countries risked the fragile April truce brokered by the US."Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said on Truth Social. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached. Things should move quickly."Israel has halted attacks on Iran, Israeli Prime Minister Benjamin Netanyahu said, stopping short of acknowledging a ceasefire, CNN reported. Iran has also suspended its operations against Israel, but warned it would resume if strikes in southern Lebanon continue, the news report added.A situation of "no deal, no war" between the US and Iran may not be able to last indefinitely, Thierry Wizman, a global foreign-exchange and rates strategist at Macquarie, said in a note."If a US-Iran deal is not reached - presumably via concessions made by both sides - then the prospect is that a new round of large-scale kinetic warfare will resume," Wizman said in the note. "According to most estimates, operational depletion [for inventories] could be reached in H2."West Texas Intermediate crude oil futures rose 0.8% to $91.25, and Brent crude futures climbed 1.2% to $94.16. Earlier in the session, crude oil futures were up more than 4% each amid reports of an overnight escalation between Iran and Israel.Most US Treasury yields rose, with the 10-year up 2.8 basis points to 4.56% while the two-year leaned slightly higher to 4.17%.In precious metals, gold futures fell 0.3% to $4,351.50, while silver futures declined 1.3% to $68.24.
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