IREN Secures $3.6B Microsoft GPU Deal Amid Q2 Earnings Shortfall
IREN reports Q2 FY26 losses of $0.52/share, missing estimates by 280% as company transitions from Bitcoin mining to AI cloud services with $3.6B GPU financing secured.
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Roblox Soars on Strong 2026 Forecast, Targets 10% Global Gaming Market Share
Roblox shares jump 20% after beating Q4 expectations and forecasting 2026 bookings up to $8.55B, driven by 69% user growth despite new safety measures.
Amazon Plans $200B AI Spending Spree as Investors Push Back
Amazon announces massive $200 billion capital expenditure plan for 2026, focusing on AI infrastructure. Stock drops 8% as investors question timing of returns on AI investments.
Reddit Beats Expectations with Strong Q4, Announces $1B Buyback
Reddit reports 70% revenue growth in Q4 2025, beating Wall Street estimates with $726M in sales. Company announces first-ever $1B share repurchase program.
Analysts Cheer Google’s Earnings and AI Push, Investors Hesitate
Analysts see Google’s AI-driven growth and doubled capital spending as a positive, even as investors react cautiously to the tech giant’s ambitious plans.
Ginkgo & OpenAI Slash Protein Synthesis Costs by 40%
Ginkgo Bioworks teams up with OpenAI to cut cell-free protein synthesis costs by 40% using AI and cloud lab automation.