The prospect of nuclear-powered AI has created a benefit for energy providers
Know what the market loves better than AI? Nuclear-powered AI. So-called merchant power providers — power producers who create energy and sell it at wholesale market prices at rather than at regulated...
Companies are leasing data centers before they’re even built
Data center construction levels are at an all-time high. And more than ever, companies that need them have already called dibs. In the first quarter of 2024, what amounts to about half of the existing...
Apple enters AI arms race with chips for data centers
We finally have a look at one of ’s long-awaited AI plays: the development of a chip to run AI software in data centers, codenamed Project ACDC or Apple Chips in Data Center. Whether this is enough to...
Amazon, Alphabet, Microsoft, and Meta had a $44B spending spree thanks to AI
Big tech is spending big on AI. Last quarter the combined capital expenditure for Amazon, Alphabet, Microsoft, and Meta was a record more than $44 billion, according to standardized data from FactSet....
Facebook had great earnings, the market hates it
Facebook reported impressive earnings . Record first-quarter revenue thanks to AI ! Profit up 117% compared to a year earlier! But at the same time, its capital expenditures are going up and it’s expe...
AI needs so much electricity that tech companies are getting into the energy business
To accommodate tech companies’ pivots to artificial intelligence, tech companies are increasingly investing in ways to power AI’s immense electricity needs. Most recently, OpenAI CEO Sam Altman invest...
Chips are down
Super Micro Computer, which produces the kind of servers fueling the AI boom, declined to pre-announce earnings. This spooked investors and rattled the entire chips-producing sector. That sent Super M...
Nuke stocks up on AI excitement
For most of humanity, the thought of “nuclear-powered AI” sends a shiver down the spine. But the stock market is all for it! Just check out the list of top performing S&P 500 stocks this year. Just b...
TSMC, chipmaker to the tech giants, bounces back
In Silico Taiwan Semiconductor Manufacturing Company (TSMC) has caught the AI wave, posting double-digit growth for the first time since 2022, with a 17% surge in sales for the first quarter of 2024 ....
Copper prices hit records on China, AI
Copper prices are surging world wide, and hitting records in China. A key Shanghai futures price closed at an all-time high . The industrial metal — Chile is the world’s top producer, China the world’...