It’s a busy pre-market session with major moves across tech and retail. Micron Technology is leading the charge with a massive revenue forecast beat, while Trump Media announces a surprising merger. Here’s what’s driving the action.
According to The Economist, Saudi Arabia is leveraging its vast desert and cheap solar energy to build the world’s most affordable data centers for AI. The Al Shuaiba solar farm south of Jeddah produces power at a fraction of the cost seen in places like the UK.
The once high-flying e-bike company Rad Power Bikes has filed for Chapter 11 bankruptcy protection. It plans to continue operating while seeking a buyer for the business in the next two months.
Analysts at Morgan Stanley have increased their Apple stock price target from $305 to $315, maintaining an “Overweight” rating. They see upgrade potential from Apple Intelligence but warn that soaring memory costs present a significant challenge.
Meesho’s IPO has been a blockbuster, with shares rocketing 95% since listing. The rally has catapulted co-founder Vidit Aatrey into the billionaire club and highlights a record year for Indian public markets.
Apple is taking aggressive pricing action with its latest Mac Mini. The M4 model with 16GB RAM and 256GB storage is now $479, a 20% discount, as it battles a wave of Windows mini PC promotions.
In 2025, major tech companies engaged in an unprecedented level of appeasement towards Donald Trump’s administration. The efforts included massive legal settlements, policy reversals, and millions in donations, all aimed at securing political favor.
OpenAI CEO Sam Altman has issued an internal “code red” memo, bracing the company for “rough vibes” and intense competition from Google. The move comes as data shows Google’s Gemini is gaining users fast, while OpenAI has delayed key revenue projects.
McKinsey is reportedly planning to cut thousands of jobs, with reductions of up to 10% for some teams. The move comes as the firm deploys its own AI assistant, Lilli, which can cut research time by 30%. This signals a massive structural shift for the entire consulting industry.
Obscura VPN has successfully completed its first independent security audit. The new service, which uses a unique two-provider system, was found to have no major security flaws. This validation is a significant step for the fledgling privacy tool.
