Stock Market News

ADVERTISEMENT
3rd party Ad. Not an offer or recommendation by techgolly.com.

Latest Stock Market News

SoftBank Seeks $10 Billion Loan Using OpenAI Shares as Collateral

Key Points: SoftBank Group is reportedly seeking a massive $10 billion loan from global financial markets. The Japanese conglomerate plans to secure the loan using its highly valuable shares in artificial intelligence giant OpenAI. The proposed financial structure is a two-year margin loan with an option to extend for an additional year. This massive borrowing...

IBM Shares Drop 6% as Artificial Intelligence Fears Slow Software Growth

Key Points: IBM shares dropped 6% in after-hours trading following a noticeable slowdown in first-quarter revenue growth. Total revenue increased by 9% to $15.92 billion, missing the faster 12.2% growth seen in the previous quarter. Investors worry that new artificial intelligence tools from rivals like Anthropic will eat into IBM's core software business. The company's...

Adobe Announces $25 Billion Share Buyback to Calm Anxious Investors

Key Points: Adobe announced a massive share repurchase program worth up to $25 billion running through April 2030. The company's stock has fallen roughly 30% this year due to fears over new artificial intelligence design tools. Anthropic recently launched a powerful AI chatbot named Claude Design that competes directly with Adobe products. Longtime Adobe CEO...