QtrendsBroadcom earnings disappoint despite AI growth; AT&T slides on SpaceX threat
Broadcom reported accelerating AI-chip revenue growth in its latest earnings, yet the stock fell in after-hours trading as investors focused on other areas of the business. AT&T experienced its worst single-day decline in eight months after analysts highlighted the growing competitive threat from SpaceX's satellite internet services. Market- moving stories also included CrowdStrike and PVH, with traders positioning ahead of the next full trading session.
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The world's largest technology companies are investing heavily in autonomous computing systems that can manage themselves without human intervention. Meanwhile, a former senior FTC advisor argues that a libertarian myth about the internet's origins has given Big Tech disproportionate power. NPR explores whether the internet can be reclaimed from the dominant tech platforms that now control much of the online experience.
NBA Finals tickets have reached eye-watering prices, with nosebleed seats costing up to $4,000 as the Knicks face the Spurs. Sportsbooks DraftKings and FanDuel are expected to lose money on the Finals regardless of which team wins. For Knicks owner James Dolan, a championship could finally quiet long-running criticism from the team's passionate fanbase.
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Veteran '60 Minutes' correspondent Scott Pelley was fired by CBS following a major clash with management, raising broad questions about editorial independence and the future of the iconic news program. NPR framed the dismissals as part of a wider fight for media control in the Trump era. Forbes and the NYT explored the unanswered questions surrounding the decision and what it signals for network news.