Why Meta is ripping higher after earnings while Microsoft craters
Two hyperscalers. Two top- and bottom-line beats. Two different reactions. When both companies issue capex guidance that’s higher than expected and one goes up and the other goes down, it’s difficult ...
Microsoft just delivered a big blow to Michael Burry’s AI bear case
Microsoft’s chief financial officer, Amy Hood, just offered some intel that severely undercuts Michael Burry’s argument against AI stocks, albeit with one big caveat. If you’ll recall, the hedge fund ...
Nvidia, Microsoft, and Amazon reportedly in talks to invest up to $60 billion in OpenAI
OpenAI is bringing in more revenue than ever, but with ambitions to spend north of $1 trillion on its AI infrastructure build-out — cash that it simply does not have to hand — it’s maybe no surprise t...
Microsoft beats Q2 earnings and revenue, but stock falls on ballooning capex
beat on second-quarter earnings and revenue, but shares fell in after-hours trading as its capex soared. The company posted $81.3 billion in revenue for the quarter, topping analysts’ expectations o...
Wall Street thinks the next bottleneck in AI is chip equipment
As the AI boom rumbles into its fourth year of dominating the market, retail traders, professional investors, and Wall Street analysts alike have largely settled on a simple strategy for catching the ...
Corning reports better-than-expected Q4 results
Glassmaker , which saw its shares explode higher Tuesday after announcing an up to $6 billion deal to supply fiber-optic equipment for AI data centers in coming years, issued its Q4 numbers before th...
GE Vernova, cornerstone of AI energy trade, dips after Q4 profit trails estimates
, which makes turbines used in power plants and has been a cornerstone in the AI power trade, is falling after posting a mixed bag of Q4 results on Wednesday morning. Adjusted EBITDA of $1.16 billion ...
Corning-Meta deal reignites optical connections trade
$6 billion deal with to provide fiber-optic cable connections for its AI data centers is reigniting an AI-related trade that’s been stalled out over the last month. Fellow opto-electrical makers of p...
Corning soars after striking deal to sell up to $6 billion in optical infrastructure to Meta
Glass company is soaring in early trading after announcing a $6 billion deal with to provide its data centers with fiber-optic cable products. Thanks to a string of big tech deals — including partne...
D-Wave Quantum jumps on $20 million system sale, deal with Davidson and Anduril for US air and missile defense
spiked in premarket trading Tuesday after the quantum computing company shared a trifecta of good news: a $20 million system sale of its Advantage2 quantum computer to Florida Atlantic University, a p...
Micron gains after breaking ground on new facility in decade-long, $24 billion investment plan
sees an AI boom and wants to sell more chips into it. On Monday evening, the company announced that it broke ground on an additional wafer fabrication facility at its complex in Singapore, kicking off...
CoreWeave spikes after Nvidia buys an additional $2 billion of the neocloud’s shares
Shares of are spiking after purchased an additional $2 billion of the neocloud’s stock at a purchase price of $87.20 per share. This “expanded relationship” between the two parties is intended to hel...
Earnings season a chance for AI hyperscalers to “get their mojo back”
Investors can be attracted to themes and seduced by narratives. But there’s nothing as irresistible as a line on a chart that goes up very quickly. That simple fact may help explain the magnitude of t...
Arista Networks rips higher amid jump in call buying
, a maker of switches and other networking equipment used in AI data centers, was on track for its best day of the new year on Thursday as options traders went bullish on the stock. As of around 11 a....
As public pushback against data centers grows, AI companies promise they’ll be good neighbors
Small towns all across the US have been adjusting to the reality that some of the biggest companies in the world have just become their neighbors. Big Tech’s unprecedented race to build AI data center...
Inside Sandisk’s transformation from thumb drive dinosaur to the hottest trade in AI
Pretty much nobody saw it coming. Five months and nearly a 1,000% return later, it’s one of the craziest comeback stories on Wall Street, with , a stodgy old memory card company, vaulting to the top o...
See for yourself just how massive Meta’s Hyperion data center is
Massive. Titanic. Humongous. These words fail to capture the actual scale of Hyperion data center , now well under construction in northeast Louisiana. The construction site is one of the largest such...
Musk: Tesla restarting Dojo supercomputer effort as “AI5 chip design is in good shape”
CEO Elon Musk said in a post on X over the weekend that the company plans to restart work on its Dojo supercomputer, dubbed Dojo3, saying that the AI5 chip the company had been developing is in “good ...
Micron announces deal to buy fabrication plant for $1.8 billion as AI demand drives memory chip supply crunch
is preparing to benefit from the supply crunch in memory chips for years to come. On Saturday, the company announced that it had signed a letter of intent to buy a fabrication plan from Powerchip Semi...
EPA: xAI’s Colossus data center illegally used gas turbines without permits
The Environmental Protection Agency has ruled that xAI violated the law when it used dozens of portable gas generators for its Colossus 1 data center without air quality permits. When xAI set out to b...