Oracle shares rose for a second consecutive session as software stocks continued to broader recovery, with the company simultaneously expanding a capacity agreement with Bloom Energy, sending Bloom's stock up roughly 20%. The deal centers on power supply for AI data centers, a segment drawing intense capital commitment across the technology sector. Bloom Energy, which makes fuel cell-based power systems, stands to benefit directly from hyperscaler and enterprise demand for on-site, reliable power generation as grid constraints tighten around large compute facilities. The expanded capacity deal signals Oracle is actively securing energy infrastructure ahead of anticipated AI workload growth, a move that ties capital allocation to long-term data center build-out rather than near-term software cycles. For Bloom Energy, a 20% single-session move on a named customer expansion reflects how thinly the market has priced in dedicated AI power contracts. Watch for further utility and distributed-energy names to re-rate if similar named deals emerge from other hyperscalers in coming weeks.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
