Author: Editor-In-Chief

A fleet of Tesla Cybertrucks sits outside the Starbase construction site at SpaceX’s South Texas Test Facility on February 6, 2026. Reginald Massalone | Null Photo | Getty ImagesSpaceX is expected to begin trading on the Nasdaq in just over two weeks, but Morningstar analysts warn that Elon Musk’s tech giant is “significantly overvalued.”The long-awaited debut is expected to be the largest initial public offering in history, with SpaceX reportedly targeting $75 billion in funding and a $1.75 trillion valuation.”We believe the company is significantly overvalued and investors have an opportunity to buy the stock at more attractive levels post-IPO,”…

Traders work on the floor of the New York Stock Exchange (NYSE) on June 1, 2026 in New York City, USA. Brendan McDiarmid | ReutersHello, my name is Leonie Kidd and I’m from London. Welcome to today’s Daily Open Newsletter.Animal spirit optimism around AI and an unprecedented wave of IPOs from giants like OpenAI, Anthropic, and SpaceX are keeping major markets at record levels.Goldman Sachs CEO David Solomon said that “enthusiasm could last for a long time,” but warned that greed could “quickly turn to fear.”This is a complex trading situation for investors. What you need to know todayAnother record…

US President Donald Trump will hold bilateral talks with European Commission President Ursula von der Leyen on the sidelines of the United Nations General Assembly to be held in New York City on September 23, 2025. Brendan Smialowski AFP | Getty ImagesEuropean stocks fell on Wednesday as investors weighed a U.S. proposal for sweeping new tariffs on 60 countries. Immediately after the opening bell rang, the pan-European Stocks 600 The index fell 0.23%, with mixed conditions for sector and local securities. british FTSE100 While it opened just below the flatline, France Cac40 Germany decreased by 0.3%. dachshund It fell by…

A cooling tower at the Dampierre-en-Bully nuclear power plant operated by Electricity France (EDF) in Dampierre-en-Bully, France, Tuesday, May 3, 2022. France is traditionally a net exporter of electricity, so the combination of EDF’s decline in nuclear power generation and Russia’s invasion of Ukraine is exacerbating Europe’s energy crisis.Bloomberg | Bloomberg | Getty ImagesSoftbank”Plans to invest 75 billion euros in building AI infrastructure in France have underlined the country’s status as a leading hub, but analysts say Big Tech’s huge energy demands will put the continent’s entire power grid to the test.Japan’s SoftBank on Saturday announced plans to build a…

summary Russia announced that Ukraine had launched a large-scale drone attack on multiple regions, including St. Petersburg. A major economic forum, also known as Putin’s version of Davos, is being held in St. Petersburg. The attack came a day after Russia launched deadly attacks across Ukraine, killing at least 23 people. AI-generated summaries were reviewed by CNN editors. Russia announced on Tuesday night that it had shot down hundreds of drones over its territory, including about 60 over the Leningrad region, in the ongoing attack on Ukraine, a major economic forum said. St. Petersburg Governor Alexander Beglov said three districts…

Unitree Robotics humanoids dance to the opening of Asia’s first Embodied Intelligence Experience Store in Shanghai, May 31, 2026. Jade Gao | AFP | Getty ImagesSoftBank CEO Masayoshi Son told CNBC this week that the next trillion-dollar company will emerge from physical AI and robotics.Humanoid robots designed to mimic human movements and functions have been making headlines in recent years, from their use as baggage handlers at Japanese airports to Tesla’s big bet on its Optimus humanoid.Market watchers predict that machines will change the world over the next decade, with the industry expected to grow 100 times as AI’s physical…

Perplexity CEO Aravind Srinivas told CNBC on Wednesday that companies that can deliver the most economic value from AI-enabled capabilities will ultimately command the highest valuations.”The companies that can deliver the most value per watt per user will be the winners in the future,” Srinivas said.”Whoever can best accomplish this specific objective by balancing accuracy, latency, cost, privacy and intelligence will win. That’s the long-term winner,” Srinivas told CNBC’s Elaine Yu in an interview Wednesday.A token refers to the basic unit of data that an AI model can process. When an AI chatbot is asked to perform a task, it…

Data storage security company Cyera is finalizing a round of at least $300 million at a valuation of $12 billion led by Evolution Equity Partners, according to four people familiar with the deal. Calcalist first reported the funding deal, but TechCrunch’s sources added new details about the company and its financials. Cyera’s annual recurring revenue (ARR) has exceeded $150 million, three people familiar with the matter told TechCrunch, but it remains far from profitable. The deal values ​​Cyera at 80x ARR, which is even higher than the multiple investors are assigning to many fast-growing AI startups. The company is spending…

Nvidia Corp. Chief Executive Officer Jensen Huang speaks at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, Monday, June 1, 2026. Yifei Lin | Bloomberg | Getty ImagesHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.US President Donald Trump doesn’t seem concerned about the collapse of “boring” negotiations with Iran, further clouding prospects for a resolution to the Middle East conflict and rising oil prices.A spike in oil prices usually spooks investors, but the tech industry news appears to have trumped geopolitical concerns as the U.S. benchmark index…

palo alto networks CEO Nikesh Arora said artificial intelligence is making cybersecurity more important, with companies forced to strengthen their defenses as AI-powered attacks become increasingly sophisticated.”I think we’ve officially declared ‘SaaSpocalypse’ over for cybersecurity,” Arora said Tuesday on CNBC’s “Mad Money,” referring to investor concerns earlier this year that software-as-a-service (SaaS) companies would be disrupted by AI models. Palo Alto on Tuesday reported better-than-expected quarterly results and raised its full-year outlook. Revenue was $3 billion, up 31% from the same period last year, and adjusted earnings per share were 85 cents. The results are another sign that fears that…