In Today's News Impacting The Markets:
Elon Musk’s
X.AI lands $200M in Pentagon contracts, launching “Grok for Government” while teasing major updates to Tesla’s Optimus and Cybercab lines. A possible merger with SpaceX or Tesla may be brewing.
Apple under fire from investors after losing $630B in market value this year. Analysts call for an aggressive AI acquisition strategy as Apple lags behind Meta and others in innovation.
CoreWeave announces a $6 billion AI data center in Pennsylvania, generating over 600 jobs. The project will be unveiled at Trump’s Energy & Innovation Summit, signaling a new wave of U.S. AI infrastructure.
Dave Ramsey issues a financial warning for car buyers, highlighting record levels of negative equity and urging buyers to avoid new cars unless their net worth exceeds $1M.
Palantir shares close at all-time highs, nearly doubling year-to-date. With 139 million-dollar deals in Q1 and bullish projections from Wedbush and Loop Capital, the stock could be on ...