AMD Shares Surge as Su Backs AI Spending Boom Shares of Advanced Micro Devices (AMD) surged 10% Wednesday after CEO Lisa Su dismissed concerns about excessive AI infrastructure spending, describing it as the “right gamble” for technology companies. Speaking with
Anthropic Launches $50 Billion U.S. Data Center Expansion AI research powerhouse Anthropic (ANTH.PVT) announced plans to spend $50 billion on a massive buildout of AI data centers across Texas and New York, marking one of the largest infrastructure commitments by
SoftBank Exits Nvidia to Fund Massive AI Push SoftBank has officially sold its entire stake in Nvidia (NVDA) for $5.83 billion, marking one of its biggest divestments this year as it doubles down on artificial intelligence. The Japanese conglomerate disclosed
Contract Delays Hit CoreWeave’s Growth Outlook Shares of CoreWeave (CRWV) fell as much as 12% on Tuesday, their steepest drop in three months, after the company cut its annual revenue forecast due to delays in fulfilling a large customer contract.
AI’s Data-Center Arms Race Hits the Bond Market JPMorgan analysts say the world’s largest tech companies are about to remake global finance as the AI infrastructure race accelerates. According to the bank’s new report, the next five years will require
Tariff “Dividend” Proposal and Market Reactions A proposed $2,000 tariff “dividend” has reignited debate over the real costs of trade policy. The plan, described by Treasury Secretary Scott Bessent as part of broader tax relief measures, is being positioned as
Gold Rally Faces Its First Real Test Gold prices hovered near $4,000 per ounce on Friday, stabilizing after October’s sharp pullback but leaving investors divided on what comes next. Despite the correction, the metal remains on pace for its strongest
OpenAI Forecasts Explosive Revenue Growth OpenAI expects to surpass $20 billion in annualized revenue this year as demand for artificial intelligence products and services continues to surge. CEO Sam Altman said the company’s long-term goal is to grow that figure
ESPN Switches to DraftKings for Sports Betting Disney-owned ESPN is ending its sports betting partnership with Penn Entertainment (PENN) years earlier than planned, replacing it with a new agreement that makes DraftKings (DKNG) the network’s exclusive sportsbook and odds provider.
Acquisitions Drive Big Gains Brighthouse Financial (BHF) surged 26% after Aquarian Capital agreed to acquire the insurer for $70 per share in cash, valuing the deal at $4.1 billion.Golden Entertainment (GDEN) jumped 36% after announcing it would be acquired by
AMD Shares Surge as Su Backs AI Spending Boom Shares of Advanced Micro Devices (AMD)
Anthropic Launches $50 Billion U.S. Data Center Expansion AI research powerhouse Anthropic (ANTH.PVT) announced plans
SoftBank Exits Nvidia to Fund Massive AI Push SoftBank has officially sold its entire stake
Contract Delays Hit CoreWeave’s Growth Outlook Shares of CoreWeave (CRWV) fell as much as 12%
AI’s Data-Center Arms Race Hits the Bond Market JPMorgan analysts say the world’s largest tech
Tariff “Dividend” Proposal and Market Reactions A proposed $2,000 tariff “dividend” has reignited debate over
Gold Rally Faces Its First Real Test Gold prices hovered near $4,000 per ounce on
OpenAI Forecasts Explosive Revenue Growth OpenAI expects to surpass $20 billion in annualized revenue this
ESPN Switches to DraftKings for Sports Betting Disney-owned ESPN is ending its sports betting partnership
Acquisitions Drive Big Gains Brighthouse Financial (BHF) surged 26% after Aquarian Capital agreed to acquire
