United States Technology

U.S. stock futures climbed Monday as oil prices declined after Iran signaled it remained open to negotiations following nine days of U.S. strikes.

IREN (NASDAQ:IREN) raised its year-end 2026 AI Cloud annualized run-rate revenue (ARR) target to over $4 billion, up from its previous target of $3.7 billion.

GE Aerospace (NYSE:GE) announced at the Farnborough International Airshow that it has successfully conducted the world’s first hybrid electric flight above 30,000 feet.

Hut 8 (NASDAQ:HUT) announced the full commercialization of its 1 GW Beacon Point AI data center campus in Texas.

LXP Industrial Trust (NYSE:LXP) agreed to be acquired by a buyer group comprising Brookfield Asset Management and CPP Investments.

Seer (NASDAQ:SEER) announced its Special Committee rejected a $2.45 per share acquisition proposal from CEO Omid Farokhzad.

Boeing (NYSE:BA) announced that SMBC Aviation Capital ordered 100 737 MAX airplanes to expand its commercial leasing portfolio.

Kandi Technologies (NASDAQ:KNDI) secured a procurement order from QIJI Energy to equip 18 heavy-truck battery swap stations.

Lockheed Martin (NYSE:LMT) introduced the MORFIUS X-Rotor, an airborne microwave counter-drone system designed to neutralize 50 hostile targets.

• Meta announced that production of an in-house artificial intelligence processor will commence in September to reduce third-party reliance.
• The business projects total computing infrastructure spending will reach $145 billion this year to support rapid hardware scaling.
• Traditional hardware suppliers face shifting market dynamics as dominant technology platforms actively diversify their global supply chains.

• Amazon.com is reportedly seeking to raise at least $25 billion through a U.S. dollar bond sale to support corporate needs, including AI infrastructure spending.
• The peer group shows the scale of the AI infrastructure race, with the latest quarterly revenue ranging from Oracle’s $19.2 billion to Amazon’s $181.5 billion.
• The main sector issue is whether cloud and AI demand can justify heavier debt, higher capital spending, and lower near-term free cash flow.

Cloudastructure (NASDAQ:CSAI) reported Q1 revenue of $1.315 million, up 78%, while gross profit increased 115% to $710,000.