Altman and Nadella rift may put $14 billion partnership at risk: Report
A deepening rift is emerging in one of the biggest partnerships of the AI boom . The $14 billion deal between and OpenAI paired a hot startup with a legacy giant, giving each party something that the...
CoreWeave initiated with “buy” from Bank of America as a “best of breed provider”
Shares of are surging on Tuesday after a host of Wall Street banks initiated coverage on the recently IPO’d cloud-computing company with largely bullish views. Among those was Bank of America, where ...
Amazon taps the brakes on AI data center spending as economic jitters spread
, the largest US cloud provider, is quietly hitting pause on its AI infrastructure expansion as heated economic uncertainty pushes tech biggies to scrutinize their billion-dollar bets on AI. In a note...
European companies are leaving US cloud providers
As Europe reacts to the fraying of ties with America, companies based in the EU are looking to reduce their dependence on a crucial piece of tech infrastructure: American cloud computing. Cloud comput...
Cloudflare jumps as BofA gives the stock a two-notch upgrade
got a leapfrog upgrade from Bank of America analysts on Tuesday, who jacked their rating on the seller of website security and performance software to “buy” from “underperform,” bypassing the typical ...
Google’s biggest deal ever comes with a $3.2 billion gamble
Google just inked a $32 billion acquisition of cloud security firm Wiz — its largest-ever deal — after reportedly upping its original $23 billion offer from last year, which had fallen apart over regu...
Core Scientific stock plummets after Microsoft reduces commitments with its data center partner
Microsoft has pulled back on commitments with cloud computing provider CoreWeave, which supplies Microsoft with computing capacity from data centers, according to the Financial Times . walked back it...
Workday shares soar as Wall Street turns optimistic on AI-driven Q4 earnings beat
shares climbed as much as 10% a day after the cloud-based software giant dropped strong Q4 earnings results. Workday’s revenue jumped 15% to $2.21 billion for the quarter, topping Wall Street’s expect...
GameStop CEO Ryan Cohen reportedly ups stake in Alibaba to $1 billion
Game(Stop CEO) respects game. Ryan Cohen, head honcho at , has reportedly increased his personal stake in to about $1 billion, according to The Wall Street Journal. The Chinese e-commerce and cloud g...
Alibaba booms after e-commerce and AI-enhanced cloud business results impress
delivered an across-the-board beat on its quarterly report for the final three months of 2024 as the Chinese e-commerce and cloud giant seemingly goes from strength to strength. The headline figures e...
Walmart finally fell behind Amazon in revenue
Well, it finally happened: Amazon’s top-line numbers beat Walmart’s. brought in a record $187.8 billion in sales last quarter , surpassing the $180.6 billion reported today. Walmart stock is selling...
Why Amazon has to “keep reducing costs”
“We have to keep reducing costs so that we can afford the big investments in big new businesses,” retail CEO Doug Herrington told employees during an all-hands meeting last month, according to a reco...
Walmart’s reign atop the revenue leaderboard poised to pass to Amazon, barring an epic quarter
has ruled the roost when it comes to revenue generation by an S&P 500 company. But it may be officially cede that crown when the retailer reports its results on February 20. The brick-and-mortar retai...
Amazon delivered 9 billion items on the same or next day in 2024
Box clever Ahead of its Q4 earnings on Thursday, has already been delivering some blockbuster figures this week, revealing on Tuesday that it shipped a staggering 9 billion items the same or next day...
Are Microsoft and Meta being better allies to chip companies than their own shareholders?
and , the two hyperscalers that reported earnings on Wednesday, are experiencing wildly divergent fortunes: the former is slumping severely after its cloud business failed to impress , while the latte...
Microsoft is lagging behind the Nasdaq 100 since the launch of ChatGPT
has seemingly gone all in on the AI boom, with billions upon billions of investment to bolster its capabilities in this new frontier, more than , , or AWS division. What does it have to show for that...
Microsoft tumbles after its AI-enhanced cloud business fails to make it rain
Shares of initially tumbled nearly 6% after its critical Azure cloud business brought in slightly less money than expected in the final three months of 2024. The stock since pared much of those losse...
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How much Big Tech companies — Google, Microsoft, Amazon, Meta — are spending on capex this year
Earlier this month, Microsoft announced it would be spending $80 billion this year “to build out AI-enabled datacenters to train AI models and deploy AI and cloud-based applications around the world.”...
FTC report scrutinizes OpenAI’s and Anthropic’s partnerships with cloud giants
On the last working day of Lina Khan’s FTC, the agency announced the release of a report that examines the terms of three of the largest deals between AI companies and cloud-computing giants, after re...
SoFi books 15% gain this week
Fintech firm added to the recent romp it has enjoyed in the markets Thursday, popping 4% today after announcing a half-billion-dollar securitization deal that showed its ability to keep the capital t...