Big tech's massive spending on AI data centers, power, and compute infrastructure
Bank of America analyst Brad Sills cut his price target on shares of to $168 from $185 after the supplier of surge capacity for AI compute reported second-quarter results after the close on Tuesday. ...
gave back all of the day’s big gains, and then some, after-hours even as the AI cloud company delivered better-than-expected second-quarter results. Revenue: $1.21 billion (estimated $1.08 billion, gu...
Big Tech is still seriously bullish on AI. And with good reason: every time Microsoft, Meta, Amazon, or Google announces that they’re going to spend an extra $10 billion or $20 billion on data centers...
Big Tech’s love affair with AI saw no signs of faltering during the latest earnings season. Combined, , , , and spent a record of nearly $90 billion on capex last quarter and have promised even bigge...
Cloud networking company and data center supplier is leading all S&P 500 stocks in premarket trading, up double digits after reporting knockout second-quarter results and boosting its full-year forec...
is trading up after White House economic adviser Kevin Hassett said Apple is likely to make an investment announcement today. “They’re moving here in droves. This is trillions and trillions of dollars...
is down double digits after posting fiscal fourth-quarter results that missed on the top and bottom lines. For the three months ending June 30, the AI server company reported: Adjusted diluted earning...
The Financial Times is reporting that some of the “top shareholders” of are crying foul over the terms of its all-stock takeover by and are planning on voting against the deal. “Multiple funds” told...
Big Tech companies including , , , and continue to spend big on capital expenditures to furnish their AI goals — a strategy that, judging by their earnings last quarter, seems to be a paying off . Co...
has so much demand for AI in its AWS services that it has a $195 billion backlog. Its earnings and revenue for the second quarter beat analysts’ expectations. But investors overlooked that good news t...
more disciplined approach to AI spending seems to have failed it, as its AI capabilities continue to lag its peers and its upgraded AI assistant is still a ways off (expected “next year”). But as its ...
blew past Wall Street’s expectations for second-quarter sales and profit, and the tech giant smashed the accelerator pedal on capex spending. Still, shares were down 3.5% in recent after-hours trading...
You’ve got to spend money to make money, or so I’ve been told. Cliches become cliches because they simplify a truth we tend to see many examples of, like, for instance, megacap companies pouring hund...
had a blowout fiscal fourth quarter, beating estimates for earnings and revenue . In premarket trading, shares surged over 8%, pushing the valuation above $4 trillion, an elite club only shared with ....
I didn’t hear no bell. Two knockout earnings reports from tech heavyweights, and , aren’t just causing their stocks to soar this morning — they’re lifting the entire AI complex. These companies are b...
With blockbuster earnings out on Wednesday, many investor eyes were fixated on its AI progress and capex spending — especially after the tech behemoth went on a big shopping spree to establish a “supe...
is up more than 9% after-hours after the social media and AI behemoth beat second-quarter analyst expectations by a long shot. After market close Wednesday, it posted: Earnings per share of $7.14, ver...
Neil Dutta at Renaissance Macro flagged this eye-popping stat after the advance release of second-quarter US GDP data: “So far this year, AI capex, which we define as information processing equipment ...
Shares of Samsung Electronics had their best day of the year, rising 6.8% during trading in South Korea after the electronics giant announced a $16.5 billion chip manufacturing deal. Loose terms of th...
, the recently IPO’d provider of access to Nvidia’s GPUs, announced on Wednesday that it will be releasing earnings on August 12 after the market closes . Normally, we would not write about companies ...