Technology

• 'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing - Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
• SoFi's stock drops on $1.5 billion share sale announcement - SoFi said it's selling $1.5 billion in stock after the company's market cap almost doubled this year.
• Nvidia has a cash problem -- too much of it - Nvidia's recent slew of billion-dollar checks highlight the company's growing cash pile.
• Meta faces Europe antitrust investigation over WhatsApp AI policy - The European bloc has launched an antitrust investigation into the social media giant over its WhatsApp AI policy.
• Software startup deploys Singapore’s first quantum computer for commercial use - Singapore-based software firm Horizon Quantum Computing has become the first private firm to deploy a quantum computer for commercial use in the city-state.
• Salesforce beats on earnings, issues better-than-expected revenue forecast - Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
• Micron stops selling memory to consumers as demand spikes from AI chips - Demand driven by the AI infrastructure boom is creating shortages for certain products like memory.
• Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
• Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.
• iPhone 17 will drive record Apple shipments in 2025, IDC says - Apple will ship 247.4 million iPhones in 2025, up just over 6% year-on-year, research firm IDC forecast.