Enterprise
- Palo Alto Networks announces multibillion-dollar deal with Google Cloud - The agreement is an expansion of the companies' existing strategic partnership.
- Oracle stock jumps 5% as cloud provider joins investor group to run TikTok's U.S. business - The new joint venture will prevent TikTok from shutting down in the U.S. due to national security concerns.
- Micron stock pops 12% as AI memory demand soars: 'We are more than sold out' - Micron said it expects the total addressable market for high-bandwidth memory to hit $100 billion by 2028.
- Oracle stock dips 5% on report Blue Owl Capital won't back $10 billion data center - The cloud company later said the project was moving forward and "on schedule," but that Blue Owl was not part of equity talks.
- OpenAI in talks with Amazon about investment that could exceed $10 billion - OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed.
- PayPal applies to form bank that can offer small business loans and savings accounts - PayPal has applications pending with the state of Utah and the Federal Deposit Insurance Corporation to establish PayPal Bank.
- AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide - In at least one corner of the AI market, sentiment has turned decidedly negative.
- Palantir CIO Jim Siders leaves to become head of Thrive Capital's new IT services business - Siders spent more than 12 years at Palantir, recently overseeing its global IT operations, business applications and infrastructure.
- Oracle says there have been 'no delays' in OpenAI arrangement after stock slide - Oracle pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather than 2027.
- Broadcom tumbles 11% despite blockbuster earnings as 'AI angst' weighs on Oracle, Nvidia - Even with better-than-expected earnings and revenue, Broadcom slid on Friday as investors continued to grow concerned about the AI trade.