Nvidia tumbles despite Meta’s surprisingly huge AI spending plans
is the best-performing member of the Magnificent 7 on Friday after CEO Mark Zuckerberg said the social media giant’s capital spending could reach $65 billion this year . That’s more than 20% above wha...
Nice: Meta's capex this year will be bigger than the market caps of 69% of the S&P 500
CEO Mark Zuckerberg said the company is planning to build a truly massive data center to furnish its AI ambitions — and it’s going to cost a pretty penny. He estimates that the social media company’s ...
Zuckerberg: Meta building city-sized AI data center, going on $65 billion spending spree
The future of AI will be measured in gigawatts, GPUs, and the square mileage of your data centers. Today CEO Mark Zuckerberg announced that the company will be going big on capital expenditures this ...
One of the bigger winners from “Project Stargate” is a Chinese pharmaceutical company
A wide array of biotech and pharmaceutical companies are surging on Chairman Larry Ellison’s aspirational pronouncement that spending billions on AI infrastructure has the potential to lead to person...
Google invests another billion in Anthropic
A billion here, a billion there. The tech giants continue to pour billions of investment dollars into AI startups in a scramble to secure a spot in the next wave of tech. The FT is reporting that has...
Stocks jump as tariffs take backseat to AI
The first trading day of the Trump administration saw more talk about AI than tariffs, fueling a sharp retreat in the US dollar and a rally in stocks. The S&P 500 gained 0.9%, the Nasdaq 100 rose 0.6%...
Oracle, SoftBank, and OpenAI reportedly forming a $500 billion AI infrastructure venture named “Stargate”
, , and OpenAI are teaming up to form a new joint venture called “Stargate,” according to CBS News. The new venture, which will start with a $100 billion commitment and grow to $500 billion of investm...
TSMC climbs on blowout sales, sees AI revenues doubling this year
TSMC, the world’s largest semiconductor producer, is jumping 5% in the premarket after posting stronger fourth-quarter results and a better outlook than analysts anticipated, saying that AI-centric re...
White House executive order offers up federal sites for AI data centers
With only days left in his administration, President Biden issued another AI executive order as part of his effort to make development of the technology a national priority. The new order directs the ...
A crypto miner turned AI data-center company is spiking after a bank invested billions
Australian bank Macquarie is investing up to $5 billion in the future projects of data-center developer , as well as its existing data-center campus in North Dakota. Shares of the Dallas-based company...
Why Nvidia tanked after Jensen’s speech
The sharp drop in shares yesterday, despite CEO Jensen Huang’s big CES speech on Monday night, has a pretty simple explanation, according to Morgan Stanley’s chip-stock analysts. Huang didn’t have a ...
Amazon investing $11 billion on AI data centers in Georgia
massive capital expenditures on AI infrastructure have been very good for Georgia, which has been a focus of Amazon’s AI data-center plans. Since 2010, Amazon has invested $18.5 billion in the state. ...
BofA on Nvidia: “Top AI pick”
is broadening its grip on the AI world across software as well as hardware and expanding its direct offerings to corporations and consumers, BofA analysts wrote, following CEO Jensen Huang’s speech Mo...
The nuclear-powered AI data-center trade roars into a new year
It’s early going, but so far the trade of the year is clearly another big bet on an ongoing boom in an AI-related investment. Just check out the top gainers of the S&P 500 in the first two days of 202...
Nvidia poured $1 billion into AI companies in 2024 to try to make its customers more diversified
2024 was an huge year for . It passed $3 trillion in valuation to become the biggest company in the world, and continued to beat earnings expectations . The company’s Hopper GPUs have fueled the AI bo...
Will capital spending on AI continue to boom?
Spending a whole lot of money on chips with the hopes of making a whole lot of money via AI has been the dominant strategy for most of America’s leading companies. Two noteworthy exceptions to this tr...
OpenAI is IBM
Who are the biggest cloud players today? , , and , three companies all worth more than $2 trillion in market capitalization. All three were early to the cloud, launching AWS , Google Cloud , and Azure...
WSJ: OpenAI is hitting a wall with GPT-5 training
After 18 months’ work and hundreds of millions of dollars’ worth of computing time training its next major foundational model, GPT-5, OpenAI seems to have hit a wall. New reporting from The Wall Stree...
The Magnificent 7 is dead! Long live the BATMMAAN stocks
Broadcom shares have soared in both of the last 2 trading sessions , adding more than $300 billion to the semiconductor company’s market cap, after it reported that its AI revenue had jumped 220% in t...
Broadcom joins $1 trillion club as AI revenues spike 220%
Chipmaker Broadcom is booming on Friday after the company posted larger-than-expected quarterly profits and a massive surge in its AI business. The near 20% jump pushed shares above $1 trillion in ma...