Peter Thiel’s Hedge Fund Buys 1% Stake in Argentina’s Vista Energy, Stock Surges
Peter Thiel’s Thiel Macro discloses 1.2M Vista Energy shares worth $76M.
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Microsoft Plans to Unveil Maia 300 AI Chip in September, Eyes Massive Production Ramp
Microsoft plans to unveil its Maia 300 AI chip this fall and secure TSMC capacity for over 300,000 units in 2027 to cut Nvidia reliance.
Amazon Crushes Q2 Expectations With $5.75 EPS and Explosive AWS Growth
Amazon tops Q2 estimates with $200.6B sales and $5.75 EPS. AWS grows 37%—fastest in 18 quarters—as AI investments pay off.
Despite Q2 Beat and Raised Outlook, UPS Sees Flat Domestic Revenue in Third Quarter
Stronger Q2 results and raised full-year outlook to $91.2B revenue help UPS shares rise as the company shifts to higher-margin packages.
Amazon Deepens Ties with Electrovaya: $280M Battery Deal and Potential 20% Stake
Electrovaya signs commercial agreement with Amazon to supply Infinity batteries for warehouses and material handling.
Meta Plans Cloud Business to Monetize Excess AI Compute Capacity
Meta is developing a new cloud offering to monetize its massive AI infrastructure, selling GPUs, servers, and Llama models to external customers.