SpaceX is moving aggressively into the AI sector with a $60 billion option to acquire Cursor, an AI coding startup founded in 2020. If the regulatory hurdles clear by year-end, this deal would be massive for the space industry. Alternatively, SpaceX can pay $10 billion to collaborate with Cursor on software development without buying the company outright.
Meanwhile, the semiconductor and infrastructure markets are heating up. Google is in advanced talks with Marvell to co-develop custom AI chips for data centers, a move that sent Marvell's stock up 13.1%. This partnership aims to boost inference workloads alongside Google's existing processors.
Investors are also eyeing hardware suppliers like Celestica, which JPMorgan raised its price target to $410 due to surging AI infrastructure demand. Celestica, which works with chipmakers like AMD and Broadcom, expects revenue to hit $31.2 billion by 2029. Micron is also gaining traction as analysts see strong growth in DRAM and NAND memory sales driven by AI adoption.
In the software and services space, ServiceNow is expanding its reach by acquiring Armis for physical security and partnering with Xactly on AI agents for revenue workflows. SoundHound AI is climbing on voice technology growth, while Nebius AI stock surged 87% in 2026. However, Meta faces scrutiny; BMO Capital maintains a neutral stance due to concerns about monetizing $132 billion in projected AI spending and potential layoffs affecting nearly 8,000 employees.
On the productivity front, 18 new AI tools are helping create presentations 40% to 80% faster in 2026. Microsoft Copilot integrates directly into PowerPoint, while Gamma, which has over 70 million users, generates decks from text prompts. The market for these tools grew from $1.54 billion in 2024 to $1.94 billion in 2025.
Key Takeaways
- SpaceX has a $60 billion option to buy AI coding firm Cursor, with a $10 billion alternative for collaboration.
- Marvell stock jumped 13.1% after reports of advanced talks with Google to co-develop custom AI chips.
- Celestica's price target was raised to $410 by JPMorgan due to rising AI infrastructure hardware demand.
- ServiceNow acquired Armis to expand security coverage and partnered with Xactly on AI-driven revenue workflows.
- Meta faces a neutral rating from BMO Capital due to uncertainty around monetizing $132 billion in AI capital expenditures.
- SoundHound AI stock is trading higher as investors note its growth in voice recognition and automotive systems.
- Nebius AI stock surged 87% in 2026, positioning it as a top performer in the sector.
- Micron Technology is expected to see strong earnings growth driven by high demand for AI memory products.
- AI presentation tools like Microsoft Copilot and Gamma are helping users cut deck-building time by up to 80%.
- Emerging markets like South Korea and Taiwan are outperforming others due to strong ties with the AI sector.
SpaceX gets option to buy AI startup Cursor for $60bn
SpaceX has obtained the right to acquire AI startup Cursor for $60 billion later this year. The deal is subject to regulatory approval and could be one of the largest in the AI sector. Cursor, founded in 2020, specializes in AI-driven coding solutions that automate software development. If the acquisition closes by the end of the year, it would significantly boost SpaceX's capabilities in software and artificial intelligence. SpaceX also has the option to pay $10 billion to work together with Cursor if the purchase does not go through.
SpaceX secures $60 billion deal to buy AI coding firm Cursor
SpaceX announced a unique deal with AI startup Cursor that gives it the option to buy the company for $60 billion later this year. The startup focuses on AI tools that help automate and optimize software development processes. This acquisition would enhance SpaceX's internal development capabilities and support its projects like Starlink and space exploration. The deal is expected to close by the end of the year pending regulatory approval. If completed, it would be a major milestone for both SpaceX and the AI industry.
SpaceX gets option to buy AI startup Cursor for $60 billion
SpaceX stated it has the right to acquire Cursor, an AI startup that generates code, for $60 billion later this year. Alternatively, SpaceX can pay $10 billion to collaborate with the company on a long-term basis. Cursor was founded in 2020 and has raised $100 million from investors like Andreessen Horowitz and Sequoia Capital. The deal is expected to close in the fourth quarter of this year if regulatory approval is granted. This move would give SpaceX a significant advantage in software development for its rockets and spacecraft.
Micron stock gains as AI demand boosts memory sales
Cantor Fitzgerald raised its price target for Micron Technology to $700 and maintained an Overweight rating. The firm expects strong growth driven by high demand for DRAM and NAND memory products used in AI and data centers. Micron is one of the top S&P 500 stocks and benefits from the increasing adoption of artificial intelligence technologies. The company has a strong balance sheet and is investing in advanced manufacturing to improve its competitive position. Analysts believe Micron is well-positioned to deliver strong earnings growth in the coming years.
Celestica stock rises on AI infrastructure growth potential
JPMorgan raised its price target for Celestica to $410 and kept an Overweight rating. The firm expects continued growth from AI infrastructure spending on servers, networking switches, and optical connectivity. Celestica is a leading provider of these solutions with a strong track record of innovation. The company has a diverse customer base and a strong balance sheet that allows it to invest in growth opportunities. Celestica is considered a top pick among Canadian stocks for investors looking at the AI infrastructure market.
SoundHound AI stock climbs on voice technology growth
SoundHound AI stock is trading 4.7% higher today as investors notice its innovative voice recognition technology. The company has a market capitalization of over $1 billion and uses its technology in voice assistants and automotive systems. SoundHound AI has formed partnerships with major tech players to support its success in the expanding AI market. The company is well-positioned to capitalize on the growing demand for artificial intelligence solutions. Investors view its strong fundamentals and recent gains as a compelling investment opportunity.
Nebius AI stock surges 87% in 2026
Nebius has become a top performer with its stock rising 87% in 2026. The company is a leader in the AI industry with a strong focus on innovation and cutting-edge technology. Its products and services are in high demand, and its market position is expected to continue growing. Nebius has a solid financial foundation and a strong management team that contributed to its success. Investors are encouraged to consider adding the stock to their portfolios to capitalize on the AI industry's growth.
Marvell stock jumps after Google AI chip partnership talks
Reports indicate that Google is in advanced talks with Marvell Technology to co-develop custom AI chips for data centers. These chips would work alongside Google's existing processors and are tailored for inference workloads. Marvell's stock price surged by 13.1% following these reports, showing investor optimism about its future prospects. The company already has partnerships with major cloud providers like Amazon Web Services and Microsoft Azure. Marvell's strategic moves position it well to capitalize on the growing demand for AI and data center solutions.
18 AI tools help create presentations faster in 2026
AI-powered presentation tools can now cut deck-building time by 40% to 80% compared to manual workflows. The AI presentation generation market grew from $1.54 billion in 2024 to $1.94 billion in 2025. This guide covers the 18 best AI tools for PPT creation available in 2026, including Gamma, Beautiful.ai, and Microsoft Copilot. Gamma has over 70 million users and uses multiple AI models to create decks from simple text prompts. Beautiful.ai ensures visual consistency with its Smart Slide engine, while Microsoft Copilot integrates directly into PowerPoint.
AI and semiconductors lead market gains amid regional tensions
Analyst Kamil Dimmich explains that emerging markets are performing differently due to their exposure to AI spending. Countries like South Korea and Taiwan are performing better because of their strong ties to the AI sector. The divergence in performance is happening even as regional tensions, such as the Iran war, create uncertainty. Some economies are benefiting more than others based on their ability to invest in and utilize artificial intelligence technologies.
BWX Technologies added to portfolio for AI data center power needs
The CNBC Investing Club added BWX Technologies to its Bullpen as a speculative stock that could benefit from the AI data center boom. BWX Technologies designs and manufactures nuclear components for the U.S. Navy and civilian power plants. The company is a close partner to GE Vernova and was the first qualified supply chain company to join Vernova's nuclear business supplier growth. With AI data centers requiring more power, BWX is positioned to benefit from the increased need for power generation.
ServiceNow expands security and revenue workflows with new AI deals
ServiceNow completed the acquisition of Armis to extend its security coverage into physical and operational environments. The company also launched a Dispute Management AI Agent with Xactly to automate revenue workflows. These moves help ServiceNow compete for enterprise budgets in security and AI-driven automation. The Armis acquisition broadens security coverage across IoT and operational technology, while the Xactly partnership improves sales and finance operations. Investors are watching how well ServiceNow integrates these new tools into its existing platform.
BMO Capital keeps neutral stance on Meta due to AI spending worries
BMO Capital Markets maintained its Market Perform rating on Meta Platforms with a $730 price target. The firm notes uncertainty around Meta's ability to monetize $132 billion in projected 2026 capital expenditures for AI. While Meta has strong fundamentals with an 82% gross profit margin, questions remain about near-term revenue opportunities from its AI investments. Meta plans to lay off approximately 10% of its global workforce, impacting nearly 8,000 employees. BMO Capital will keep its rating until Meta provides greater clarity on its AI monetization strategy.
Celestica investment outlook improves with rising AI hardware demand
Analysts have become more optimistic about Celestica's AI-focused infrastructure business with higher earnings estimates. This improved outlook is driven by growing demand for Celestica's hardware platform solutions and AI networking products. JPMorgan raised its price target to $410, linking it to AI infrastructure spending on servers and connectivity. Celestica collaborates with chipmakers like AMD and Broadcom to support this growth narrative. The company projects $31.2 billion in revenue and $2.0 billion in earnings by 2029, though investors remain aware of risks related to customer concentration.
Sources
- SpaceX obtains right to buy AI start-up Cursor for $60bn
- SpaceX strikes $60 billion deal for the right to buy AI coding startup Cursor
- Spacex says it has option to acquire startup Cursor for $60 billion
- Micron Technology (MU) a Buy on Strong Memory Products Demand Amid AI Boom
- Celestica (CLS) Could Be One Of The Biggest Winners In AI Infrastructure
- SoundHound AI (NASDAQ:SOUN) Trading 4.7% Higher
- This Under-the-Radar AI Stock Is Already Up 87% in 2026
- Why Marvell Technology (MRVL) Is Up 13.1% After Reported Google AI Chip Talks And What's Next
- 18 Best AI Tools For PPT Creation (With Examples) [2026]
- Markets remain bifurcated, AI & semiconductors dominate gains: Analyst
- We're adding a speculative stock to our Bullpen that can benefit from the AI data center boom
- ServiceNow Targets Security And Revenue Workflows With Armis And Xactly AI
- BMO Capital maintains Meta stock rating on AI monetization concerns
- The Bull Case For Celestica (TSX:CLS) Could Change Following Rising AI Hardware Demand And Analyst Upgrades
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