Data storage firms Western Digital, Seagate soar on AI-driven demand spike

Cantor Fitzgerald has reaffirmed its positive rating on Atlassian's stock, highlighting the company's promising growth in artificial intelligence. This endorsement is significant as it reflects confidence in Atlassian's ability to leverage AI technologies to enhance its products and services, potentially leading to increased market share and profitability. Investors may find this news encouraging as it suggests a strong future for the company.

Canva is making waves in the design world by launching a new creative operating system that consolidates all its tools into one user-friendly platform. This move is significant as it not only enhances the user experience but also reflects Canva's commitment to expanding its enterprise and business customer base. Co-founder Cameron Adams shared insights with Bloomberg Tech's Ed Ludlow about how AI is being integrated into this new system, showcasing Canva's innovative approach to design technology.

In a world increasingly driven by artificial intelligence, the U.S. faces a staggering $1.52 trillion in tech debt, primarily due to the need to constantly repair outdated software. This situation is alarming as it highlights the risks of neglecting technological upgrades, which can lead to inefficiencies and vulnerabilities in cybersecurity. Addressing this issue is crucial for maintaining a competitive edge and ensuring the safety of digital infrastructures.

Amazon's shares have surged recently, driven by a significant boom in artificial intelligence that is propelling growth in its AWS cloud unit. This surge is important as it highlights the increasing demand for cloud services and AI technologies, positioning Amazon as a leader in the tech industry. Investors are optimistic about the company's future, seeing this growth as a strong indicator of its potential to innovate and expand further.

Amazon's stock surged by 11% following a strong profit report, driven by a rebound in its AWS cloud services and growth fueled by artificial intelligence. This positive performance highlights Amazon's resilience and adaptability in a competitive market, showcasing its ability to leverage technology for continued success.

Palantir has transformed from a niche government contractor into a significant player in the AI market, particularly in defense and logistics. This evolution highlights the growing importance of data-driven solutions in various sectors. However, the company may face challenges ahead as it navigates this competitive landscape, making it crucial for investors and industry watchers to stay informed about its next moves.

Getty Images has announced a significant partnership with Perplexity, a move that has led to a surge in its stock prices. This collaboration aims to enhance AI-driven image search capabilities, making it easier for users to find relevant visuals quickly. This deal is important as it positions Getty at the forefront of the evolving digital landscape, where AI technology is becoming increasingly vital for content discovery.

Amazon's recent surge in spending on artificial intelligence has sparked a renewed rally in AI stocks, signaling strong investor confidence in the sector's potential. This uptick is significant as it reflects a broader trend of major companies investing heavily in AI technologies, which could lead to transformative advancements across various industries. As Amazon leads the charge, it not only boosts its own market position but also encourages other firms to follow suit, potentially accelerating innovation and growth in the tech landscape.

Despite laying off over 14,000 employees this week, Amazon's stock performance has impressed Wall Street, contributing significantly to the S&P 500's gains. This paradox highlights how investors often prioritize financial metrics over workforce stability, reflecting a complex relationship between corporate decisions and market reactions.

During a recent meeting in South Korea, US President Donald Trump clarified that he did not discuss the approval of Nvidia's Blackwell chips for China with Xi Jinping. Instead, Trump mentioned that Xi would communicate directly with Nvidia regarding the chip sales. This is significant as it highlights the ongoing complexities in US-China relations, particularly in the tech sector, where semiconductor sales are a critical point of contention.

Terry Rozier, a player for the Miami Heat, is currently under investigation by the FBI for gambling activities. Despite this probe, he will still receive his full salary of $26.6 million. This situation highlights the ongoing scrutiny of gambling in sports and raises questions about the implications for players involved in such investigations. Fans and analysts alike are watching closely to see how this will affect Rozier's career and the team's dynamics.

Norway's stock market closed on a high note, with the Oslo OBX index rising by 0.36%. This uptick reflects a positive sentiment among investors and suggests a stable economic environment, which is encouraging for both local and international investors. Such performance can boost confidence in the Norwegian economy and attract further investments.

Flux Power's stock has taken a significant hit following the announcement of a $9.6 million public offering. This move has raised concerns among investors about the company's financial health and future prospects. Such a decline in stock value can impact investor confidence and the company's ability to raise capital in the future, making it a critical moment for Flux Power.

Foresight VCT has appointed Denise Hadgill as a non-executive director, marking a significant step in enhancing its leadership team. Hadgill brings a wealth of experience and expertise that is expected to contribute positively to the company's strategic direction. This appointment is important as it reflects Foresight VCT's commitment to strengthening its governance and ensuring robust oversight, which can ultimately benefit its investors and stakeholders.