StartupsCNBC Techabout 1 hour ago
Morning Squawk: AI fund collapse, oil profits, IPO avoidance
1 min read
Microsoft added nearly $450 billion to its market cap as the stock climbed 15%, its best day since 2008. Leopold Aschenbrenner's hedge fund Situational Awareness suffered steep losses, and Citadel agreed to buy its publicly traded assets. ExxonMobil and Chevron reported surging second-quarter profits, with Chevron's net income jumping nearly 400% to $12 billion.
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