Big tech's massive spending on AI data centers, power, and compute infrastructure
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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...
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 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...
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...
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...
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...
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...
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.