Saudi Arabia and Microsoft Make Major AI Moves Amid Market Caution
Saudi Arabia's Humain announces multi-gigawatt data center deals with US tech giants, while Microsoft invests $5B in Anthropic. Analysts warn on hyperscaler economics.
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AMD Predicts 35% Annual Revenue Growth Driven by Soaring AI Chip Demand
AMD forecasts 35% annual revenue growth over 3-5 years, with AI data center sales jumping 80% annually as chip demand accelerates despite market concerns.
Massive Divestment: SoftBank Raises $15 Billion Through Nvidia and T-Mobile Stake Sales
Japanese conglomerate SoftBank sold its entire stake in Nvidia for $5.83 billion. The company reported a $19 billion gain on its Vision Fund and continues its aggressive push into AI ventures.
CoreWeave Lowers 2025 Revenue Outlook Amid AI Supply Constraints
CoreWeave Q3: $1.36B revenue, $55.6B backlog, margins drop to 4%. 2025 outlook cut to $5.05–$5.15B on supply delays, high AI demand.
Nvidia CEO: No Plans to Sell Blackwell AI Chips to China
Nvidia CEO Jensen Huang confirmed there are no active talks to sell Blackwell AI chips to China, citing U.S. restrictions and China’s lack of interest in Nvidia products.
Tesla's Huge Plan: Building a 'Gigantic' AI Chip Factory
Elon Musk says Tesla needs a "terafab"—a massive chip plant—to power its future in self-driving cars (Cybercab) and robots (Optimus). Musk says "worth having discussions" with Intel to make chips.