Shares of technology companies ticked up as traders hedged their bets on the outlook for the Iran war.
Samsung Electronics, the world's largest memory-chip maker, forecast a more than eightfold jump in first-quarter operating profit, signaling continued record earnings amid the artificial-intelligence boom despite uncertainties fueled by the Middle East conflict.
Anthropic is shopping around a new AI model, called Mythos, which it said would find and patch bugs in their hardware and software that could otherwise be exploited by cyber criminals' AI models.
Elon Musk is partnering with chipmaker Intel on his ambitious Terafab project, which aims to build specially designed chips for SpaceX and xAI as well as for Tesla.
Amazon.com's $200 billion capital-expenditure budget for 2026 could give the retail and computer-services giant an edge in the AI arms race and a boost on the stock market, said analysts at brokerage BNP Paribas.
One firm said European data-center construction could soon be ramped up. "Mistral's $830 million raise and Deutsche Telekom's Nvidia tie?up underscore accelerating AI infrastructure demand" in Europe, said analysts at brokerage Jefferies, in a note to clients.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-07-26 1726ET
