Business
- Oracle says there have been 'no delays' in OpenAI arrangement after stock slide - Oracle pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather than 2027.
- Broadcom tumbles 11% despite blockbuster earnings as 'AI angst' weighs on Oracle, Nvidia - Even with better-than-expected earnings and revenue, Broadcom slid on Friday as investors continued to grow concerned about the AI trade.
- ‘The next protein’: Fiber is shaping up to be the latest grocery obsession - As consumers find their next grocery obsession in fiber, food and beverage companies are racing to keep up with the trend.
- AI shopping could drive $263 billion in holiday sales. Walmart and Target are racing to get in - Consumers are turning to AI chatbots like ChatGPT for gift discovery, reviews and price matching, potentially driving billions in sales this holiday season.
- Oracle's lease commitments jump by almost 150% as company builds out to meet AI demand - Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
- Costco tops Wall Street's sales and revenue expectations - Costco on Thursday surpassed Wall Street's quarterly expectations as its sales rose 8.2% year over year.
- Broadcom beats on earnings and revenue, says AI chip sales will double in current quarter - Broadcom stock is near an all-time high and has climbed 75% so far in 2025.
- Rivian announces new AI tech, in-house chip and robotaxi ambitions - The company has also developed AI models to power its Autonomy+ subscription, which it intends to roll out early next year for $2,500 upfront or $49.99 a month.
- Eli Lilly's next-generation obesity drug delivers strong weight loss, reduces knee pain in late-stage trial - The drugmaker is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection Zepbound and its upcoming pill.
- Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom - South Korea's SK Hynix is considering a U.S. listing as it grows in market cap and production capacity.