GE Vernova soars after lifting outlook and doubling dividends amid AI-powered electricity boom
is up more than 10% as of 6:05 a.m. ET, after the maker of power generation equipment raised its multiyear earnings forecast and boosted shareholder returns. At Tuesday’s investor day, the company sai...
Microsoft invests tens of billions for AI infrastructure in India and Canada
In two separate announcements this morning, committed to investing tens of billions on AI infrastructure in India and Canada . In India, the company said it will invest $17.5 billion — its largest-ev...
CoreWeave boosts size of convertible note offering
’s stock and bonds are well off their highs of the year, but investors seem to have a healthy appetite for its convertible notes. The neocloud company said Tuesday morning that its $2 billion converti...
The AI bubble may be constrained by energy supply
Big Tech companies like OpenAI, xAI, , , , and are racing each other to spend tens of billions of dollars on massive AI data centers. But no matter how many GPUs you acquire through a complex partne...
CoreWeave tumbles after announcing $2 billion convertible debt offering
Shares of tumbled in early trading after the company announced plans to raise $2 billion through the sale of convertible senior notes due in 2031 in a private offering. The deal includes an option to...
Memory stocks soar as AI supporting cast repairs damage from steep November declines
There’s not much rhyme or reason to it, but memory stocks are ending the week with a stellar showing. Shares of high-bandwidth memory specialist , hard disk drive sellers and , and flash memory compa...
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AI energy plays soar on an explosion of call buying
Like their quantum computing counterparts , AI-linked energy plays are benefiting from an explosion of bullish options activity on Thursday. is up double digits with call volumes above 106,000 as of 2...
EU calls for bids to build “AI gigafactories” in 2026
The European Union wants to shore up its domestic AI infrastructure and reduce its dependence on American tech companies. To further this goal, the bloc is planning on accepting bids to build EU-based...
Technology giants don’t look like they used to, as the asset-light era fades
Spin up a website; throw a few bucks at a server; buy some Facebook ads; get a million downloads for your app; and then kick back and enjoy the fruits of the super-lean business model. The economics o...
Google’s AI chip business could be a $900 billion boon for the company
may be sitting on a massive new business that it has yet to fully exploit. Google’s custom tensor processing unit (TPU) AI chips have been getting a lot of attention recently , making the tech world w...
Micron announces exit from consumer business to focus on AI demand
With a lot of AI mouths to feed amid a supply crunch for memory chips, has made the decision to exit its consumer chip business (which goes by the brand name “Crucial”). “The AI-driven growth in the ...
POET Technologies soars as Marvell’s acquisition of Celestial AI validates its potential role in the AI boom
is ramping in premarket trading as investors believe that ’s acquisition of Celestial AI validates its technology and bolsters its sales outlook. Along with its Q3 results released after the close on ...
Amazon rolls out updated Trainium chip, new AI models at re:Invent conference
Today in Las Vegas, at its annual re:Invent developer conference, AWS made a bunch of product announcements that reveal its plan to continue capitalizing on the AI boom. AWS currently enjoys a substa...
Credo soars on record Q2 results fueled by hyperscaler demand
surged more than 18% in premarket trading on Tuesday after the cable solutions provider, which makes many products used in AI data centers, delivered Q2 results that blew past Wall Street’s expectatio...
More AI startups are reportedly turning to free Chinese AI models
The biggest tech companies in the world, like OpenAI, , and , are racing to build dozens of gigawatts of AI computing infrastructure to meet what they say is incredibly high demand. But free, open-wei...
Wedbush analyst Dan Ives adds CoreWeave, IREN, and Shopify to his list of top 30 AI stocks, removes SoundHound, ServiceNow, and Salesforce
Wedbush Securities analyst Dan Ives is still very bullish on the outlook for AI stocks as we creep closer to the start of another new year. “In a nutshell, this AI Revolution is just beginning today a...
OpenAI’s partners shouldering $100 billion of debt, taking on all the risk
OpenAI’s ambitious plans for global AI infrastructure projects — like its series of massive Stargate AI data centers — will require tens of billions of dollars funded by debt, but you won’t find much ...
OpenAI eyes 220 million paid subscribers by 2030, The Information reports
OpenAI is scrambling to figure out how to generate enough steady revenue to turn the expensive AI services it offers into profits, as it spends dizzying sums on the infrastructure needed to scale its ...
Dell gives upbeat Q4 guidance, beats on Q3 earnings
reported Q3 earnings after the close of trading Tuesday. The PC, data storage, and server maker reported: Q3 non-GAAP diluted earnings per share of $2.59 vs. Wall Street expectations for $2.47. Q3 sal...
What the reaction to Google’s potential entry into selling chips tells us about the AI trade
A report from The Information suggesting that is in talks to begin selling its custom TPU chips to has spurred huge market moves and a ton of commentary about what this means for the major players i...