Markets are getting more concerned about Oracle’s AI data center debt
After a respite Monday , AI bears are back in control Tuesday. Bellwethers like and are getting battered on reports of a brewing collaboration between and Meta on chips. And that partnership’s pote...
Lumentum soars 50% in November as Wall Street and retail traders gush over the Google supplier
The Google halo effect is the new Nvidia halo effect. Shares of optical and photonics company have been on a tear in November, up nearly 50%. Its components help information move around quickly in da...
Alibaba gains as Q2 cloud revenues beat estimates on “robust AI demand”
China’s leading cloud giant is cashing in on the huge appetite for AI compute. ADRs are up big in premarket trading after the e-commerce and cloud giant reported second-quarter sales above analysts’ e...
Google jumps, Nvidia and AMD fall on report that the search giant is in talks to sell “billions of dollars” of its custom AI chips to Meta
jumped in after-hours trading while and dropped on the heels of a report from The Information that has the search giant muscling in on the chip designers’ turf. Per the report , is in discussions w...
Amazon plans to invest up to $50 billion for “AI and supercomputing infrastructure” for the US government
said it will invest up to $50 billion to build out its AI computing infrastructure for the US government. Based on the company’s AWS cloud platform, Amazon will help build up to 1.3 gigawatts of dedic...
JPMorgan lifts Cipher Mining to “overweight,” hikes Iren price target
and both surged Monday, amid a recovery in the AI data center trade and favorable commentary from analysts at JPMorgan. It was a pronounced change for these crypto miners turned AI computing power pr...
Broadcom soars as rave reviews for Gemini 3 boost appeal of its custom chips
When spectators saw Michael Jordan blossom as a basketball star, it made them want to buy Nike’s Air Jordans. Mizuho reckons there’s a similar halo effect for based on the rave reviews for latest Ge...
Musk: We will build AI chips at higher volumes “than all other AI chips combined”
In a late-night post on X, Elon Musk boasted about custom AI chip plans. Musk said the current version of Tesla’s AI chip, the A14, is in cars and data centers today, while work is underway on the A1...
Insurance against Oracle default becomes favorite AI-bust hedge, Bloomberg reports
Volume in the market for credit default swaps — essentially a kind of insurance against a company defaulting on its debts — on is surging as the company has supercharged its borrowing to finance its...
Cipher Mining surges on additional AI hosting deal
Bitcoin miner turned AI compute power provider jumped early Thursday after announcing a deal that fully leases its Barber Lake data center in Colorado City, Texas. The deal — which is also giving a l...
Nvidia’s blowout earnings and guidance are lifting the entire AI supply chain
You might expect a company that recently reached a $5 trillion market cap (the first in history to do so) to be a relatively mature enterprise; slowing down, with a fat cash cow at its core, multiple ...
Nvidia Q3 earnings and sales beat estimates; Q4 sales outlook well ahead of expectations
is reminding everyone how great it is to be the stock at the center of the AI boom, posting Q3 sales and earnings beats along with a very robust Q4 revenue outlook. For the three months ended October ...
Musk: xAI to build 500-megawatt data center in Saudi Arabia with Humain using Nvidia GPUs
Today in Washington, DC, Elon Musk announced that xAI is developing a 500-megawatt AI data center in Saudi Arabia in partnership with Humain — the country’s state-owned AI company — using chips. Comp...
Report: xAI raising $15 billion for a $230 billion valuation
xAI is looking to raise $15 billion at a $230 billion valuation, according to a report from The Wall Street Journal. xAI is still burning through cash as it races to build its Colossus 2 data center i...
Brookfield launches $100 billion AI infrastructure program with Nvidia and Kuwait’s sovereign wealth fund as investors and founding partners
Brookfield is launching an Artificial Intelligence Infrastructure Fund with the goal of buying up to $100 billion in (as the name suggests) AI infrastructure assets “across every stage of the value ch...
Analyst: How to know when to sell AI stocks
While the S&P 500 erased most of its early losses by Tuesday afternoon, stocks are still on track for their fourth straight daily decline, the longest streak of down days since August. And it’s fair t...
Nvidia has a lot of questions to answer, and none of them are about demand for its AI chips
earnings report comes at a tenuous time for the company and the AI trade as a whole. Fund managers think companies (read: hyperscalers) are investing too much . The good news about demand is known: Nv...
Microsoft, Nvidia investing in Anthropic; Anthropic to buy $30 billion in Azure computing capacity
Well, this is the Platonic ideal of a circular AI deal. In a joint press release , , , and Anthropic (maker of the Claude genAI) announced a strategic partnership that includes a slew of 10- and 11-di...
Analyst downgrades Microsoft and Amazon, saying GenAI economics are “far weaker than assumed”
and are down about 2% premarket after an analyst downgrade and amid a broader AI sell-off, as investors continue to wonder when the hyperscalers’ intense spending on AI infrastructure will pay off. R...
Google’s CEO on AI bubble: “I think no company is going to be immune, including us”
and Google CEO Sundar Pichai is the latest head of a tech firm investing heavily in AI to admit that we may be in a bubble. “I think no company is going to be immune, including us,” he told the BBC.