latest news in companies
OpenAI Explores Chip Alternatives as Reports of Tension with Nvidia Surface
San Francisco, Tuesday, 3 February 2026.
Reports emerging this week indicate OpenAI is actively seeking alternatives to Nvidia’s hardware, citing dissatisfaction with the efficiency of recent chips for specific software development tasks. Despite OpenAI CEO Sam Altman’s public dismissal of these claims on February 3, 2026, sources reveal the company has engaged with competitors like AMD and Groq since late last year. The most critical development is the reported stalling of a massive $100 billion investment partnership between the two firms, suggesting the alliance driving the AI boom may be fracturing. This strategic pivot could threaten Nvidia’s near-total market dominance and signals a broader industry move toward infrastructure diversification to optimize costs and performance.
S&T Bancorp Leads Regional Banking Gains Amidst Strong Fourth Quarter Sector Performance
San Rafael, Tuesday, 3 February 2026.
S&T Bancorp delivered an 11.5% revenue jump, outperforming a resilient regional sector where average revenues beat estimates by 1.4%, highlighting significant growth momentum for select US lenders.
Tesla Launches $41,990 AWD Model Y as Focus Shifts from Legacy Sedans
Austin, Tuesday, 3 February 2026.
On February 2, 2026, Tesla expanded its U.S. offerings with a new All-Wheel Drive Model Y priced at $41,990, aiming to capture cost-conscious buyers in a post-subsidy market. While the aggressive pricing addresses cooling EV demand and rising competition, the move serves as a prelude to a radical structural pivot. In a definitive break from its origins, Tesla is discontinuing the flagship Model S and Model X lines at its Fremont facility. This capacity will be reallocated to the production of Optimus humanoid robots and Cybercabs, marking a historic transition from luxury automotive manufacturing toward a future centered on mass-market volume and autonomous robotics.
SpaceX Acquires xAI in $1.25 Trillion Merger to Integrate Space and Artificial Intelligence
Hawthorne, Tuesday, 3 February 2026.
Valued at $1.25 trillion, this historic consolidation integrates generative AI with aerospace, aiming to launch orbital data centers and redefining the valuation landscape for private technology sectors.
Watts Water Technologies Climbs to Record High Amid Industrial Sector Strength
North Andover, Tuesday, 3 February 2026.
Trading at a record $306.07, the water solutions leader has surged over 48% this past year, fueled by strategic acquisitions and rising institutional interest in infrastructure equities.
OS Therapies Targets September Approval for Osteosarcoma Drug with FDA Filing
Rockville, Tuesday, 3 February 2026.
The company initiated its regulatory filing for OST-HER2. Approval by September would secure a Priority Review Voucher, recently valued at $200 million, adding significant financial upside.
AMD Delivers Strong Earnings Beat Yet Shares Slide on AI Expectations
Santa Clara, Wednesday, 4 February 2026.
Despite surpassing Wall Street estimates with $10.3 billion in revenue, AMD shares retreated, signaling that investor demands for immediate AI-driven returns currently outweigh solid financial performance.
FatPipe Posts Strong Third Quarter Results Driven by SD-WAN Demand
Salt Lake City, Monday, 2 February 2026.
FatPipe Inc. has demonstrated significant financial improvement in its fiscal third quarter of 2026, released today, February 2. While total revenue climbed by 30 percent, the most compelling metric is the 48 percent surge in Monthly Recurring Revenue (MRR), signaling a successful consolidation of its customer base. This growth, fueled by increasing enterprise demand for secure SD-WAN and cybersecurity architectures, has propelled the company to positive cash flow. This shift represents a critical operational milestone, validating the company’s strategy to modernize critical infrastructure for global clients.
Analyst Forecasts Palantir Shares to Hit $200 Ahead of Today's Earnings Report
New York, Monday, 2 February 2026.
William Blair upgraded Palantir to Outperform today, setting a $200 price target. This implies a massive 36% upside potential just hours before the company releases its fourth-quarter earnings.
Rising Space Traffic Prompts FAA Warning on Falling Rocket Debris
Washington D.C., Monday, 2 February 2026.
Following investigations revealing pilots were forced to maneuver around exploding rocket debris, the FAA issued a safety alert today urging airlines to exercise extreme caution as commercial launch schedules accelerate.