Microsoft pledges $8 billion for data centers, cloud computing in UAE
announced another large AI-related investment in the United Arab Emirates today, pledging $7.9 billion for data centers and cloud computing. The deal adds to the $7.3 billion it has already poured int...
Nvidia gains as two new AI deals this morning underscore demand for its flagship chips
is off to a hot start this week, up about 3% as of 9:40 a.m. ET, as the chip designer continues to be the beating heart at the center of two fresh AI deals announced on Monday morning. is going to be ...
OpenAI inks $38 billion deal with Amazon for compute
managed to pull off its monster quarter without any of those juicy OpenAI deals on its books that many of its competitors had. But now it too has one. The company’s stock, which vaulted on its earning...
Cipher Mining soars after revealing a $5.5 billion deal with Amazon to provide AI data center capacity and power
is soaring in premarket trading amid another massive deal announced this morning between a bitcoin miner turned data center company and a hyperscaler. Along with its Q3 results , CIFR revealed a $5.5 ...
IREN surges on $9.7 billion deal to provide AI cloud capacity to Microsoft
is surging this morning after inking an agreement to provide with access to Nvidia Blackwell GPUs at a data center campus in Texas over a five-year period. The total contract value is approximately $...
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Microsoft, Amazon, and Google all have cumulonimbus-sized cloud backlogs
Now that , , and have reported their earnings, we can get a deeper look at just how much demand for AI computing is fueling their record revenues. The big three cloud companies all saw double-digit r...
Amazon pulled off its monster quarter despite being left out of OpenAI’s tangle of deals
may not be found in the tangled web of massive deals that are passing billions between OpenAI, , , , and , but that doesn’t mean it isn’t making bank from the AI race. Last night, Amazon reported stro...
Amazon, Alphabet, Meta, and Microsoft combined spent nearly $100 billion on capex last quarter
The numbers are in and tech giants , , , and spent a whopping $97 billion last quarter on purchases of property and equipment. That’s nearly double what it was a year earlier as AI infrastructure cos...
OpenAI appears to be definitively answering its doubters’ biggest question
The AI boom is power constrained. It’s chip constrained. But it will not be capital constrained. That’s the top takeaway from media reports from The Wall Street Journal and Reuters that OpenAI is plot...
Microsoft: Forget what we said, we are going to keep spending on capex
Yesterday, beat earnings and revenue expectations for its first-quarter fiscal year 2026 results. The company delivered another strong quarter, largely in line with last quarter’s results. Investors ...
Analysts lower Meta price targets after social media giant says AI capex will keep climbing
may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI wou...
Meta, Microsoft, Alphabet, and Amazon capex approaches $100 billion a quarter and Dan Ives loves it
, , , and are approaching a record combined capex spending of nearly $100 billion for the quarter ended in September, as the tech giants plow ahead on AI spending. Their guidance for next year sugges...
Meta is diving because it’s not Google or Microsoft
Three giant tech companies reported earnings yesterday, all claiming that their record revenue came courtesy of AI. And all said their spending to furnish AI would continue to grow. One stock soared, ...
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Applied Digital has “more near-term catalysts than the market expects,” says Needham
is up in early trading as Needham & Co. analyst John Todaro bangs the table on the Nvidia-backed data center upstart’s ability to secure energy to expand its operations. In a note to clients, the anal...
Lilly partners with Nvidia to build supercomputer for drug R&D
is partnering with to build “the most powerful supercomputer owned and operated by a pharmaceutical company” to help discover new medicines. The drugmaker announced the deal on Tuesday, following a s...
Quantum computing stocks slump after Nvidia CEO Jensen Huang announces “AI supercomputers” in partnership with DOE
Quantum computing stocks , , , and initially popped when CEO Jensen Huang unveiled a new architecture called NVQLink to connect quantum computers with GPU supercomputers to aid in error correction, ...
Nvidia jumps to high of day after CEO Jensen Huang touts more than $500 billion in flagship chip orders through 2026
Shares of leapt to session highs after CEO Jensen Huang touted the “exceptionally” strong demand for its flagship products, noting that orders for Blackwell and early Rubin chips were above $500 bill...
This earnings season, all eyes are on cloud revenue growth
This week, we’ll get an update on how many billions the cloud giants pulled in last quarter. AI has created an insatiable hunger for more cloud computing, and , , and are racing to serve up computin...
Nokia surges as Nvidia invests $1 billion in company, a 2.9% stake
is taking a 2.9% stake in , as the Finnish mobile networking company has successfully pivoted to AI and data center technology. In a press release announcing the deal, Nokia said:
Meta is expected to spend a bigger share of its revenue on capex than ever before
has been pouring billions into data centers to power its AI ambitions — and investors, for now, are going along. Analysts surveyed by FactSet expect Meta’s third-quarter revenue, which it reports Wedn...