Stocks making the biggest moves midday: Meta Platforms, Delta Air Lines, Carnival, LyondellBasell & more
Here are the companies making headlines in midday trading.
Meta debuts new AI model, attempting to catch Google, OpenAI after spending billions
Meta debuted its first major large language model, Muse Spark, spearheaded by chief AI officer Alexandr Wang, who leads Meta Superintelligence Labs.
Alphabet, Meta, Amazon, Nvidia lead tech rally after Trump announces ceasefire with Iran
President Donald Trump’s Iran ceasefire announcement provided some relief to Wall Street and tech stocks shared in the rally.
Morgan Stanley flips stance on Europe as continent counts cost of Iran war
The Iran war has left Europe facing a “stiffer headwind”, forcing Morgan Stanley Investment Management to retilt its exposure.
Trump wants Strait of Hormuz open ‘without limitation, including tolls’ during Iran ceasefire: White House
Iran is reportedly planning to demand that shipping firms pay tolls in cryptocurrency to let their oil tankers through the Strait of Hormuz.
AI’s next bottleneck: Why even the best chips made in the U.S. take a round trip to Taiwan
Nvidia has reserved the majority of TSMC’s most advanced packaging capacity. The lesser-known chipmaking step may become the next bottleneck for AI.
JD Vance calls Iran ceasefire a ‘fragile truce’ and says Trump is ‘impatient to make progress’
The U.S. vice president said the response from Iran to the ceasefire had varied, with some ‘lying about even the fragile truce that we’ve already struck.’
Alibaba launches data center with 10,000 of its own chips as China ramps up AI push
Alibaba and China Telecom launched a data center in China designed for AI training and inferencing.
Alibaba launches data center with 10,000 of its own chips as China ramps up AI push
Alibaba and China Telecom launched a data center in China designed for AI training and inferencing.
A fragile U.S.-Iran ceasefire sparks market relief — but no clear path to lasting peace
The fragile ceasefire agreement is likely to face significant challenges, analysts told CNBC, citing a significant trust deficit on both sides.
