Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant's outlook far surpassed Wall Street estimates.

Tesla Deliveries Jump 25%
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Meta to Build Cloud Business to Sell Excess AI Compute
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Chip Stocks on Track for Best Quarter Ever
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