Author: Editor-In-Chief

hewlett packard enterprise Shares soared 30% on Monday after the company reported blockbuster second-quarter results that far exceeded expectations.Here’s how the company performed compared to LSEG’s estimates:Earnings per share: Adjusted 79 cents expected 53 cents Earnings: $10.68 billion vs. $9.79 billion expectedThis was the company’s largest EPS growth since February 2018.Revenue was up 40% compared to a year ago.Overall cloud and AI revenue came in at $7.71 billion, beating StreetAccount estimates of $6.87 billion, but it was the company’s server unit that really impressed. Revenue from the server division, a subdivision of the cloud and artificial intelligence division, came in…

A U.S. appeals court has ruled that a policy under President Donald Trump to ban transgender soldiers from the military is unconstitutional.But Monday’s ruling was divided among a three-judge panel of the U.S. Court of Appeals for the District of Columbia.Recommended stories list of 3 itemsend of listOne of the justices, Robert Wilkins, who was appointed by former Democratic President Barack Obama, upheld a lower court’s ruling rejecting the Trump administration’s policy regarding already enlisted members of the military.The second judge, Judith Rogers, who was chosen by former Democratic President Bill Clinton, agreed with him, albeit in part. She felt…

Google’s parent company Alphabet announced on Monday that it plans to raise $80 billion to pay for a planned massive AI infrastructure buildout. Alphabet will sell its stake and use the proceeds to pay for “general corporate purposes, including capital expenditures to expand AI infrastructure and global computing,” the company said in a statement. Part of the plan includes selling $10 billion worth of stock to Berkshire Hathaway, the giant global holding company once headed by Warren Buffett. “The company is experiencing strong demand for AI solutions and services from businesses and consumers, and the level of demand exceeds the…

Berkshire Hathaway CEO Greg Abel speaks to CNBC from Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska, on May 1, 2026.David A. Grogan | CNBCBerkshire Hathaway is deepening its bet on artificial intelligence and one of the industry’s leading companies, investing an additional $10 billion. alphabet Through private equity purchases.Alphabet announced Monday that it has reached an agreement to sell $5 billion worth of Class A stock to Berkshire for $351.81 per share and an additional $5 billion worth of Class C stock to Berkshire for $348.20 per share. The deal builds on the position Berkshire has built rapidly over…

Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Monday’s key moments. 1. Stocks started lower on Monday as oil prices rose. “Iran is controlling the early stages,” Jim said. Iranian negotiators reportedly suspended communications with the United States, while the U.S. Central Command announced that U.S. forces intercepted two Iranian ballistic missiles aimed at U.S. service members in Kuwait. Rising oil prices weighed on consumer staples and discretionary stocks, but strength in some technology stocks eased the overall market burden. 2. The club that owns Nvidia rose 4% on…

Google CEO Sundar Pichai speaks at the 2026 Google I/O Technology Developer Conference in Mountain View, California on May 19, 2026. Carl Mondon | AFP | Getty Imagesalphabet The company said Monday it plans to sell $80 billion in stock, including a $10 billion investment by Berkshire Hathaway.Google’s parent company said in a statement that the capital will “fund investments in world-class AI computing infrastructure to meet unprecedented customer demand.””The company is experiencing strong demand for AI solutions and services from businesses and consumers, and the level of demand exceeds the supply that the company is able to provide,” Alphabet…

Nvidia has taken a new step into its investment case, locating it far from its data centers. It’s on your desk in your office or home. At the influential Computex conference in Taiwan, CEO Jensen Huang focused the first half of his keynote on the greatness of Nvidia’s Vera computing platform for data center and agent AI workloads. It was familiar territory. Its dominance of the data center AI chip market has made it the world’s most valuable company. Huang then pivoted and introduced an entirely new product line for Nvidia, pitting it against Intel and AMD in the Windows…

US President Donald Trump is reportedly canceling a $1.8 billion “anti-weaponization” fund after pushback from Congress, including from Republican lawmakers.On Monday, US media suggested the fund would be suspended, but the White House has yet to officially confirm this report.Recommended stories list of 4 itemsend of listAxios first reported the news citing anonymous officials. “It’s dead for now,” officials told news outlets.The “anti-weaponization” fund was announced last month as part of a settlement between President Trump and the Internal Revenue Service (IRS), part of his executive branch.According to documents released by the Justice Department, the $1.8 billion was earmarked for…

At TechCrunch’s StrictlyVC event in Athens this week (part of the city’s ongoing Panatenea Festival), I spoke with Niko Bonatsos of Verdict Capital, Andreas Stavropoulos of Threshold Ventures, and Ben of Aomico. We spoke with Blume about the current state of venture investing, the wave of huge IPOs SpaceX is about to embark on, and where he sees a sea of opportunity still out there. The following conversation has been edited for length and clarity. You can see the entire discussion at the bottom of the page. SpaceX is reportedly aiming for a $1.75 trillion valuation in its IPO, and…

Traders at work at the New York Stock Exchange on May 28, 2026. new york stock exchangeU.S. stock futures were little changed Monday night after all three major indexes set new records during regular trading.S&P500 futures Although it fell by 0.2%, Nasdaq 100 futures 0.3% reduction. Futures linked to the Dow Jones Industrial Average It fell 79 points, or less than 0.2%.shares of hewlett packard enterprise Shares soared 37%, beating The Street’s expectations, after the company issued rosy guidance for the current quarter and raised its full-year outlook. HPE’s second-quarter results also marked its biggest profit since 2018.Technology sector gathering…