Oracle on track for best week since 1999
is up nearly 27% for the week in midmorning trading Thursday, putting it on track for its best weekly gain since June of 1999. And yes, that run-up — which has added $100 billion to Oracle’s market ca...
Oracle, Microsoft power battered software stocks toward best 3-day stretch in almost a year
Software shares are rising again early Wednesday, putting the widely watched on track for its best three-day stretch in almost a year.
Intel announces custom chip collaboration with Google Cloud for AI
shares rose early Thursday after it announced a new multiyear collaboration with Google Cloud division on AI infrastructure. The deal includes co-development of custom chips for Google’s needs, a pro...
Amazon cloud unit’s AI revenue run rate exceeds $15 billion, CEO says
is up nearly 2% in premarket trading after the company disclosed that its cloud unit’s AI revenue run rate topped $15 billion in the first quarter of 2026, the first hard number the company’s provided...
CoreWeave expands its AI compute sales deal with Meta by $21 billion
announced that it’s significantly boosting its sales of AI computing capacity to . The neocloud will now provide an additional $21 billion in AI compute to the social media giant through December 2032...
Chinese tech giants rally after hiking AI prices
ADRs of and are gaining in early trading after the Chinese tech giants announced AI price hikes. Alibaba said that it’s hiking the price of its AI chips by up to 34% and raising the cost of cloud st...
OpenAI snags Amazon AWS deal for classified government work with Anthropic pushed aside
Following Anthropic being deemed a “supply chain risk” to national security, the field is clear for OpenAI. The Information is reporting that OpenAI just landed a deal with AWS to sell its AI service...
Google completes acquisition of Wiz — its biggest ever
Today said it has completed its $32 billion acquisition of cybersecurity startup Wiz, the largest deal in the company’s history. “This acquisition is an investment by Google Cloud to improve cloud sec...
Oracle jumps after Q3 results exceed expectations, boost to sales guidance
is up 5% in postmarket trading after its quarterly results and outlook gave investors reason to cheer. The hyperscaler reported: Sales of $17.2 billion (estimate: $16.9 billion). Adjusted earnings per...
What to look for in Oracle’s Q3 earnings
On Tuesday, will announce its third-quarter earnings, and all eyes are on the company’s massive AI data center build-out. Last month, the company told investors that it plans to raise $45 billion to ...
Google may not just power Apple’s Siri — it could host it, too
has asked to look into running the upcoming AI Siri on its servers, The Information reports , following a previous agreement for Google’s Gemini model to underpin the new Siri in the first place. App...
Report: Amazon’s AI bots have been behind multiple AWS outages
AI tool Kiro, which launched in July and can code autonomously, was behind a 13-hour interruption to Amazon Web Services in December, according to reporting by the Financial Times. The FT reports that...
Arista Networks soars as it beats on Q4 EPS and revenue, gives upbeat sales guidance
, which sells equipment and software used to run and monitor data center networks, reported better-than-expected fourth-quarter earnings and sales after the close of trading on Thursday. Arista shares...
Cisco beats expectations for Q2 sales and EPS; Q3 margin forecast is light
beat Wall Street expectations for sales and earnings in its fiscal second-quarter results, which it released after the close of trading Wednesday. Shares slid 7% in the after-hours session. A lighter-...
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Big Tech’s $1.1 trillion cloud computing backlog
Now that the big dogs of cloud computing have all reported their quarterly earnings, we can step back and get a sense of the searing demand that AI is driving toward their businesses. , , and each re...
Amazon slides as it misses on Q4 earnings, gives downbeat profit guidance
shares slid after the company missed Wall Street’s expectations for fourth-quarter earnings, gave downbeat first-quarter profit guidance, and forecast a whopping $200 billion of capital expenditure th...
Microsoft shares have biggest single-day drop since March 2020
Yesterday, reported strong earnings and revenue for its second quarter, but the stock plunged after-hours. Investors seem to have been concerned about so much of Microsoft’s booked contracts coming f...
Translating Microsoft CEO Satya Nadella
On yesterday’s second-quarter earnings call, CEO Satya Nadella laid out the company’s strategy for growing its AI infrastructure to meet the intense demand it’s seeing while still keeping costs under...
Digging into Microsoft’s cloud backlog
Azure cloud computing unit is seeing huge demand. In yesterday’s second-quarter earnings call, Microsoft CFO Amy Hood said the company’s commercial bookings increased 230% thanks to large commitments...
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 ...