Big tech’s huge AI spending isn’t slowing down. The revenue? Uhhhhh...
Last quarter was a huge quarter for capital expenditure at big tech companies. This one was somehow even bigger. , , and spent a combined $52.8 billion on capex in the second quarter — or nearly 60%...
Intel stock tanks after earnings show they're getting smoked by their rivals
Big tech’s money is going to data centers and chips. The problem for is that it isn’t getting any. The chip making powerhouse of yesteryear recorded a $1.61 billion loss and a 1 percent drop in reven...
Zuckerberg’s AI plans to fuel $40 billion spending spree
reported strong Q2 earnings, posting a $13.5 billion profit for the quarter—a 73% increase year over year—with revenues growing 22% from last year. And Mark Zuckerberg is going to spend those profit...
Brutal temps and AI data centers have cooling companies hot as hell
More than 150 million Americans were under heat alerts this month. Last week, Earth broke the all-time heat record on back-to-back days . Suffice to say: it's hot out, in case you hadn't noticed. Whil...
Money is pouring into AI, but who is profiting?
This earnings season is revealing new details of big tech’s eye-popping spending on all things AI, and it shows no signs of slowing. But who is profiting from all this investment, and will it ever lea...
Holding all the chips: Meta has nearly 600,000 Nvidia H100 GPUs
At the SIGGRAPH conference in Denver yesterday, Nvidia CEO Jensen Huang interviewed Meta CEO Mark Zuckerberg. The hour-long, wide-ranging conversation touched on Huang’s love of black leather jackets,...
Corning, the glass company, was an AI play for like three weeks
In an interesting turn of events, a glass company founded by actress Katherine Hepburn’s great grandfather became an AI play earlier this month. Remember how utilities were an AI play , because of the...
AI companies' content crawlers are saddling website owners with unexpected, crushing bandwidth charges
AI bots that crawl websites and scrape their content are becoming more difficult to block and it's costing websites thousands of dollars. By looting large amounts of data without permission, AI bot cr...
AI wrecked Big Tech’s climate goals. Now it’s spinning a new “climate stock” story.
In 2021, Google set a goal to reach net-zero emissions across all of its operations and value chain by 2030. In order to meet this goal, the company aimed to reduce its total emissions by 50% compared...
Why Amazon is spending more on data centers than on e-commerce warehouses
Amazon, the company known quickly shipping goods to consumers from its online marketplace, is now spending more money on data centers than e-commerce warehouses, according to The Wall Street Journal ....
Big tech keeps getting bigger, adding $3.8 trillion in market cap this year
For much of this year headlines (including our own) have been devoted to the rise of Nvidia, and rightly so: its valuation is mind-boggling and it has almost single-handedly driven 2024’s “AI theme” ....
The market's AI fever is benefitting only one winner now: Nvidia
The AI boom is narrowing. More and more, Nvidia stands alone in driving this particular theme within the stock market. The chip designer’s operating results show that spending on AI clearly isn’t slow...
After more than a decade of recovery, construction is rocketing to new highs
The twin tech-driven investment booms of the moment — data centers for AI and chip fabrication plants — are helping contribute to the most consistently strong job market for construction workers since...
Nvidia is now worth $102M per employee
The records have been coming thick and fast for AI phenomenon Nvidia recently — and yesterday it ticked off two more major milestones. The company crossed the $3 trillion market cap mark and simultane...
X and xAI skip the chip line as Elon Musk diverts supplies from Tesla
Not only does working at Elon Musk company mean you might work at them all , supplying one Musk company means you might also supply them all. CNBC reports that the Tesla CEO ordered Nvidia AI chips re...
The AI and semiconductors rush is creating a data center boom
The US is in the midst of a pretty staggering electronics-related building boom. Demand is so huge, in fact, that data centers are almost all leased before they are built . It stems, in part, from the...
Nvidia’s $4T trading activity shows unparalleled stock market dominance
It’s been about a year since Nvidia’s blowout quarterly results and robust outlook signaled that the AI boom was on . The run-up to that fateful May 2023 earnings report also marks the time when Nvidi...
Nvidia’s last 12 months have been off the charts, gaining $1.8 trillion in market cap
All AIs on me For the stock market, the story of this week has been the story of the past year, with all eyes locked on AI-computing leader Nvidia. The company’s quarterly earnings, released after th...
Nvidia surges; US stocks slump on higher rates
went up a lot on Thursday – but not much else did. The chipmaker powering the AI boom soared 9.3% after releasing stellar quarterly results yesterday after the close. However, the S&P 500 fell 0.7% in...
Capex is king in US stock market as investors reward AI bets
“Invest in yourself.” It’s generally good advice. But lately, the stock market is rewarding a specific kind of investment. The S&P 500’s march to fresh record highs over the past month has been driven...