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Apple Inc. shares fell after it raised prices of all Macs, iPads, home devices and the Vision Pro to offset cost hikes caused by a shortage of memory chips and storage. The price increases are in effect globally and are largely unprecedented, with no equivalent in the company's modern history of sweeping hikes across much of its product line. Bloomberg's Neil Campling reports.

John Waldron, Goldman Sachs president and chief operating officer discusses SpaceX's record IPO and whether markets can absorb two other possible big IPOs by the end of the year. "Capital markets are demonstrating a willingness to finance these extraordinary companies as we build out this AI infrastructure," he tells Bloomberg Television.

SpaceX raised $75 billion in its IPO, pricing 555.6 million shares at $135 each, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire. Bloomberg Intelligence's Matthew Bloxham breaks down the situation and what to expect from SpaceX's first day of trading.

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time. Elon Musk's rocket, satellite and artificial intelligence company plans to market about 555.6 million shares for $135 each, according to its filing Wednesday with the US Securities and Exchange Commission. Bloomberg's Manuel Baigorri reports.

Nvidia is entering the PC market with a new RTX Spark Superchip which will debut in laptop and desktop computers from leading PC brands including Dell and Lenovo this fall. CEO Jensen Huang made the announcement at the Computex trade show in Taipei. Bloomberg's Peter Elstrom reports.

Taiwan prosecutors suspect three individuals successfully smuggled at least one shipment of Nvidia AI chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained for allegedly falsifying documents related to exports of Super Micro Computer servers containing advanced Nvidia chips, which the US has barred from sale to China without a license. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.

Talks between Samsung Electronics and its largest labor union broke down, raising the prospect of a workers' strike. A general work stoppage will go ahead on Thursday, labor leader Choi Seung-ho told reporters. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world's biggest supplier of the chips that go into devices from data center servers to smartphones and electric vehicles. Bloomberg's Yoolim Lee reports.

Artificial intelligence chipmaker Cerebras raised $5.55 billion in its US initial public offering. The company priced its shares at $185 each, giving Cerebras a market value of about $40 billion, based on the shares offered and outstanding in its filings. Bloomberg's Neil Campling reports.

Apple delivered a strong revenue forecast for the third quarter, with sales expected to rise 14% to 17% in the period. The company warned that memory-chip costs will increase and that shortages of Mac computers will persist for "several months." Bloomberg Intelligence's Matthew Bloxham breaks down the situation.

ASML raised its full-year sales forecast, with net sales expected to be between 36 billion ($42.4 billion) to 40 billion this year. Europe's most valuable company's machinery is crucial for producing the Nvidia Corp. chips that are the backbone for training and running artificial intelligence models in data centers. Bloomberg's Charlotte Hughes-Morgan reports.