The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Tech stocks extended their rise on Wednesday as hopes of deescalation in Iran buoyed markets.

The hostilities in the Middle East have weighed on tech stocks for weeks, clouding the picture of whether investors are pulling back because of the war or because of sentiment toward Big Tech more generally.

Beyond the war, Wall Street cheered Amazon’s (AMZN) agreement to acquire satellite company Globalstar (GSAT) for $11.57 billion, which was seen as a direct challenge to SpaceX’s (SPAX.PVT) Starlink. Amazon has ambitions to deploy 3,200 satellites ​in the next three years and launch its own internet service.

Oracle (ORCL) stock has been tearing higher as well. Shares rose another 5% on Wednesday after the company expanded its power agreement with Bloom Energy (BE), putting the stock’s gain at 19% over the past five days.

Meanwhile, news in the artificial intelligence industry took a dark turn over the weekend, as OpenAI (OPAI.PVT) CEO Sam Altman’s home was targeted in two apparent attacks, an attempted shooting and a Molotov cocktail attack that caused a fire. No one was injured in either attack.

Altman addressed the Molotov cocktail attack in a blog post on Friday evening, saying, “we should de-escalate the rhetoric” around AI amid rising uncertainty about the technology’s power.

Read more about today's market action.

Uber’s CTO Praveen Neppalli Naga told The Information that the company has already spent its AI budget for the year, and it’s only April.

“I'm back to the drawing board because the budget I thought I would need is blown away already,” Neppalli Naga said in an interview.

He said the bulk of the spend has gone to AI coding tools, including Anthropic’s Claude Code and Anysphere’s Cursor. The rideshare company uses the AI software models to write code that helps pair riders and drivers, determine pricing, and improve navigation.

Neppalli Naga didn’t reveal Uber’s software budget, but The Information noted that the company’s R&D costs, which typically include AI spend, “rose 9% to $3.4 billion in 2025 from the previous year, and the firm said in a recent securities filing it expects that cost will continue rising on an absolute dollar basis.”

Yahoo Finance's Brian Sozzi reports:

Read more here.

Yahoo Finance’s Brian Sozzi reports:

Yahoo Finance's As AI compute needs multiply, one quantum computing firm says it has the edge over Nvidia (NVDA).

"If I was Nvidia, I'd be shaking in my boots," D-Wave Quantum (QBTS) CEO Alan Baratz told Yahoo Finance at the Semafor World Economy Summit.

Baratz's company, which develops the hardware and software for quantum systems, claims the AI chip giant is building processors that would be increasingly difficult to power.

"Our quantum computer takes about ten kilowatts of power to run," Baratz noted, comparing the draw to roughly five or ten GPUs. He pointed to a problem solved in minutes that he claimed would take a massive GPU system nearly a million years and "the world's power" to complete.

The timing is calculated. April 14 is World Quantum Day, and the sector is surging. Shares of D-Wave jumped nearly 16% on Tuesday, while IonQ (IONQ) soared 18% after scaling its commercial systems beyond a single processor. reports:

Read more here.

JPMorgan Chase (JPM) CEO Jamie Dimon called out cybersecurity as the “largest risk” the bank faces in the company’s earnings call this morning.

Dimon said the bank is testing Anthropic’s new Mythos AI model, which has raised alarms on Wall Street and across the tech sector. Anthropic delayed the release of Mythos, deeming it too dangerous for the public after the model detected thousands of high-severity vulnerabilities in existing software.

While Dimon assured shareholders that JPMorgan is well protected against cyber threats, he noted that AI has made these risks “worse” and harder to defend against.

“It does create additional vulnerabilities and, maybe down the road, better ways to strengthen itself too,” Dimon said of the Mythos model. “While we're trying to get the benefits AI, we also are very cognizant of the risk of cyber. I think the government is aware of it too.”

Yahoo Finance's Jake Conley reports:

Read more here.

The competition between OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) doesn’t appear to be cooling off.

In a memo to staff published by The Verge, OpenAI’s chief revenue officer Denise Dresser outlined a number of priorities for the company’s sales org this quarter, saying enterprise AI is “entering a more mature phase,” and that its biggest customers “want a system they can trust and build on.”

The most notable headline to emerge from Dresser’s memo, however, came from the concluding thoughts on the competitive landscape, namely, OpenAI’s biggest competitor, Anthropic.

“Their stated run rate is inflated,” Dresser wrote.

“They use accounting treatment that makes revenue look bigger than it is, including grossing up rev share with Amazon and Google. Our analysis shows that this overstates their run rate by roughly $8 billion (at the current $30 [billion] stated). We report Microsoft revshare net, which is more inline with standards we would be held to as a public company.”

Last week, Anthropic disclosed the $30 billion run rate figure, which signaled its growth rate had roughly tripled since the end of 2025.

Dresser’s memo also criticized Anthropic for telling a story “built on fear, restriction, and the idea that a small group of elites should control AI.”

The memo also said Anthropic made a “strategic misstep” in not acquiring enough compute to meet user needs and that its focus on coding, “gave them an early wedge. But you do not want to be a single-product company in a platform war. As AI spreads beyond developers into every team, workflow, and industry, that narrowness can become a real liability.”

Dresser also said OpenAI’s relationship has been “foundational” to its success, but that it “limited our ability to meet enterprises where they are.”

In February, OpenAI announced an expanded deal with AWS, which included a $50 billion investment from Amazon and an exclusive cloud deal with AWS to distribute OpenAI Frontier, its enterprise platform.

Globalstar (GSAT) shares jumped over 8% on Tuesday after Amazon (AMZN) signed an $11.57 billion deal to purchase the satellite provider.

The deal positions Amazon to take on Elon Musk’s Starlink, seen as an important piece of the highly anticipated SpaceX (SPAX.PVT) IPO.

Globalstar shareholders will receive either $90 in cash or ⁠0.3210 shares of Amazon stock for each share of Globalstar they own, the companies said.

Amazon has been building out its network of low Earth orbit satellites, with a goal of deploying 3,200 satellites ​by 2029. In comparison, SpaceX’s Starlink currently has about 10,000 satellites in orbit, according to Reuters.

With this acquisition, Amazon will acquire Globalstar’s two dozen satellites, adding to its portfolio of 200 satellites in orbit. Amazon is also preparing to launch satellite internet services later this year.

Read more here.

EV maker Lucid (LCID) made a flurry of major announcements on Tuesday, naming a new CEO and securing much-needed investment, as the company sets itself up for its next evolution.

Lucid named Silvio Napoli as its next chief exec, replacing interim CEO Marc Winterhoff, who will return to his role as COO. Napoli, who most recently served as CEO of the industrial company Schindler Group, will join Lucid as an executive director and board member, beginning April 15, 2026.

Separately, Lucid also revealed it will receive $750 million in new investment. Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund (PIF), will purchase $550 million of Lucid preferred stock, with Uber (UBER) subsidiary SMB Holding Corporation investing $200 million via common stock.Lucid stock was trading higher in early trade, though shares are down a whopping 60% in the past year.

Read more here.

Yahoo Finance's Jared Blikre reports:

Read more here.

OpenAI (OPAI.PVT) is partnering with Wegovy maker Novo Nordisk (NVO) to deploy artificial intelligence across Novo Nordisk’s business and help streamline drug discovery and manufacturing.

Reuters reports:

Read more here.

Dell (DELL) and HP (HP) stock popped on Monday after a rumor that Nvidia was in talks to acquire a personal computer company.

Nvidia denied the claim. “The media report is false; Nvidia is not engaged in discussions to acquire any PC maker,” a spokesperson told Yahoo Finance.

Dell stock rose 6.74%, and HP climbed 5.3% to $19.23.

Meta (META) employees may start receiving feedback from an AI version of their CEO.

According to the Financial Times, Meta is creating a photorealistic artificial intelligence avatar for Mark Zuckerberg that can interact with users and give feedback to employees in his stead.

Zuckerberg has been personally involved in training his AI character to adopt his mannerisms and tone. The idea is that the AI character could help employees feel more connected to the founder and better understand his thinking about company strategies.

Separately, Zuckerberg and the company have been engaged in building a “CEO agent” that can quickly retrieve information to help the CEO at work.

Meta has long been focused on creating AI personalities as part of its multibillion-dollar spending on the technology, dating back to Zuckerberg’s metaverse vision that never quite panned out.

In 2023, Meta rolled out celebrity AI chatbots trained to emulate figures like Tom Brady, but it scrapped those plans a year later after little uptake from users. Later, the company created “AI Studio,” which lets users create their own AI chatbots.

AI Zuckerberg is expected to be one of several new AI characters that Meta’s Superintelligence Lab is expecting to roll out.

Read more from the FT.

Yahoo Finance's Jared Blikre reports:

Read more here.

The spread of artificial intelligence may make finding a great growth stock challenging in the near future.

"We expect investor uncertainty around AI disruption and long-term growth estimates will persist for quarters if not years, requiring investors to be selective within the universe of secular growth stocks," Goldman Sachs strategist Ben Snider warned in a new note.

"For secular growth stocks facing AI disruption risk, resolving this uncertainty will likely require evidence that AI is not displacing existing business models."

Growth stocks have been hit from all sides this year, from AI disruption fears to high AI spending to higher-for-longer interest rates amid the US conflict with Iran.

The "Magnificent Seven" stocks sport valuations near fresh lows relative to the S&P 500 (^GSPC), JPMorgan strategist Mislav Matejka pointed out in a note last week.

"Mag 7 relative [to S&P 500] is not acting as a safe haven," Matejka said.Read more here.

One of the hottest trades in the market is semiconductor stocks amid the US war against Iran.

The Philadelphia Semiconductor Index (^SOX) has had its largest eight-day rally since 2002, according to new data from BTIG strategist Jonathan Krinsky on Monday.

"Semis continue to shrug off any issues, and while we are hesitant to chase them here, the trend and momentum must be respected until it stops," Krinsky wrote.

The Philadelphia Semiconductor Sector Index is a capitalization-weighted index composed of the 30 largest US companies involved in the design, distribution, manufacture, and sale of semiconductors.

It's dominated by a few megacap names that serve as the foundation for the global artificial intelligence build-out. The four largest weightings in the index, from highest to lowest, are Nvidia (NVDA), Broadcom (AVGO), Micron (MU), and AMD (AMD).

These four chip darlings have seen their stocks surge over the past eight sessions. Memory chip player Micron has gained 31%, Broadcom is up 27%, AMD is up 25%, and Nvidia has tacked on 14%.Read more here.

Open AI OPAI.PVT) CEO Sam Altman was reportedly targeted by a second attack on Sunday morning at his home in San Francisco. Two suspects were arrested following an attempted shooting and were arrested and charged with negligent discharge, according to a police report.

On Friday, a 20-year-old suspect was arrested in connection with an alleged Molotov cocktail attack on Altman’s home, according to a statement by the San Francisco Police Department that was posted on X. The individual allegedly also made threats against OpenAI’s headquarters.Read more here.

Tesla (TSLA) overcame a big hurdle in the European Union, with the Netherlands becoming the first EU country to approve its Full Self-Driving (FSD) software. The approval could be an opening to get its crucial growth product in the hands of more customers on the continent.

“FSD Supervised has been approved in the Netherlands & will begin rolling out in the country shortly,” Tesla said in a post on X late on Friday, which was first noted by Reuters.

The Dutch motor authority RDW confirmed signing off on FSD.

“RDW has issued a type approval for Tesla’s driver assistance system, FSD Supervised,” the agency said, adding that FSD “has been extensively examined and tested for more than one and a half years on our test track and on public roads.”

Read more here.

Police have arrested a 20-year-old suspect in connection with an alleged Molotov cocktail attack on OpenAI (OPAI.PVT) CEO Sam Altman’s San Francisco home on Friday morning, according to a statement by the San Francisco Police Department. The individual allegedly also made threats against OpenAI’s headquarters.

The suspect reportedly threw the device at Altman’s home, setting fire to an exterior gate, before fleeing on foot. The same person was then spotted near 3rd Street, threatening to burn down a building later that morning. No one was injured in either incident.

Police haven’t released any additional details about the suspect or the motive behind the alleged attack.

Altman has quickly become the face of the global explosion in AI, with OpenAI’s ChatGPT serving as the fastest-growing app in history.

And while consumers and enterprises continue to sign up and use AI software, there’s also been backlash against the technology over fear of job losses and the environmental impact of the massive data centers that power the services.

Alphabet (GOOG, GOOGL) is increasing the price of its YouTube Premium service, including a $4 jump on its family plan option.

That means a family subscription, which supports up to 5 people in a household, how costs $26.99. An individual plan, meanwhile, jumps from $13.99 to $15.99, Reuters reported Friday.

The increase comes as other streaming services and platforms continue to raise their own prices.

Last month, Netflix (NFLX) hiked subscription fees across each of its US offerings. The ad-supported version of the service rose from $7.99 to $8.99, while the Premium plan increased from $24.99 to $26.99.

Read more here.