Chinese Tech Surge: Alibaba Leads Hang Seng Tech Rally on Accelerating Cloud Growth
Strong Cloud revenue outlook and narrower Taobao losses drove the surge, lifting the Hang Seng Tech Index 5%.
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Barclays Initiates Cautious Coverage on PayPal with $42 Target Amid Growth Concerns
Despite the bearish call, analyst consensus sits near $53 with a Hold rating.
Meta Stock Climbs as Muse Image Takes On OpenAI and Midjourney
Meta unveils Muse Image, its first in-house AI image generation model, integrated into Instagram, WhatsApp, and Meta AI.
Accenture Shares Surge as Accenture Edge AI Unit Launches with Google Cloud
Accenture stock rises after launching AI solutions with Google Cloud, boosting hopes for faster AI growth despite recent market challenges.
DigitalOcean Soars on Explosive Q2 2026 Preview: 29% Revenue Growth, RPO Surges Over 10x to $800M+
DigitalOcean secures 20 MW additional data center capacity, bringing total committed to 155 MW.
BofA Sees AI Winners and Losers: Buy Figma & Shopify, Downgrade Adobe
BofA sees Adobe hurt by AI, while Figma and Shopify could benefit as AI boosts creativity, collaboration, and online commerce.