United States Technology

Alphabet (NASDAQ:GOOGL) is developing a new server chip that would integrate elements of its Gemini AI models directly into hardware to improve AI processing efficiency.

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.