Apple tops Microsoft as world’s second-most valuable company after stock rally
The surge in shares was fueled by the iPhone 17 outselling the iPhone 16 in China and the U.S., according to a report from Counterpoint Research.
Stocks
Larry Ellison $110 billion richer—Challenges Musk for richest title
Economists were “blown away” by Oracle’s projections for AI growth: “We’re all kind of in shock, in a very, very good way.”
Why AI stocks are giving some investors dotcom bubble déjà vu
In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. Buyer beware for AI juggernauts like Nvidia and Palantir.
Next Billion-Dollar Startups 2025
This Forbes list highlights 25 venture-backed companies likely to become unicorns. Learn more about the founders and investors behind these fast-growing tech startups.
Zuckerberg overtakes Bezos for world’s third-richest person as Meta rally adds $28 billion to his fortune
Zuckerberg’s stake in his company surged after Meta’s earnings smashed Wall Street’s estimates.
Meta Q2 revenue smashes Wall Street’s estimates in 10th-straight earnings beat
Wall Street expected double-digit annual increases for Meta’s revenue and EPS.
Musk announces $16.5 billion deal with Samsung for Tesla AI chips
In a regulatory filing in South Korea, Samsung announced it has secured a $16.5 billion multi-year deal to make chips for a “big global company.”
WiseTech Global reveals new CEO
WiseTech Global has appointed Zubin Appoo as its new chief executive officer, replacing interim CEO Andrew Cartledge, who stepped into the role in the wake of a string of controversies surrounding co-founder Richard White.
How valuable is Nvidia? More than 97% of countries’ economies—and much more
Nvidia is worth more than the world’s annual military spending and 97% of the planet’s economies.
AI titan Nvidia becomes first $4 trillion company ever
Shares of the AI chip king have soared nearly 35,000% over the past 10 years.