STMicroelectronics Scores Major AI Chip Deal with Amazon
STMicroelectronics shares jump 7% after securing multibillion-dollar AWS partnership to supply AI data center chips, marking European chipmaker's entry into booming AI infrastructure market.
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Apple Bucks Big Tech's AI Spending Frenzy While Cloud Backlogs Hit $1.1 Trillion
While Amazon, Google, Meta, and Microsoft pour record billions into AI infrastructure, Apple takes a different approach—and Big Tech cloud backlogs reach unprecedented levels.
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.
Estée Lauder Raises Profit Outlook Amid Turnaround, But Shares Drop on Tariff Concerns
Estée Lauder (EL) increases earnings forecast to $2.05-$2.25 per share but warns of $100M tariff impact. Stock falls 12% as midpoint misses analyst expectations despite strong Q2 results.
Nvidia Confirms Investment in OpenAI Despite Scrapping $100 Billion Deal
Nvidia CEO Jensen Huang says the chip giant will invest in OpenAI's funding round, calling it their largest investment ever, though far less than the initially proposed $100 billion infrastructure deal.
ASML Cuts 1,700 Jobs Despite Record AI-Driven Orders and Growth
ASML announces 1,700 job cuts to streamline operations while reporting record €13.2B Q4 bookings driven by AI chip demand. Sales expected to grow to €34-39B in 2026.