Oracle Sinks on Report Its Cloud Margins Are Lower Than Expected
Shares of Oracle tumbled after a report revealed that the software maker’s profit margin in its cloud computing business is lower than many on Wall Street had estimated.
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AMD and OpenAI Forge Landmark AI Infrastructure Deal, Targeting Tens of Billions in Revenue
Advanced Micro Devices strikes a definitive agreement with OpenAI to supply 6 gigawatts of GPUs, challenging Nvidia's dominance and granting OpenAI warrants for up to a 10% stake in the chipmaker.
The $33 Billion Bet: How Microsoft's Neocloud Strategy is Dominating the AI Capacity Race
Microsoft is addressing the severe AI data center shortage and fueling its internal and customer AI demand by investing over $33 billion in "neocloud" providers, shifting infrastructure strategy, and gaining crucial financial flexibility.
CoreWeave Scores $14.2 Billion Contract with Meta
CoreWeave signed a huge $14.2B deal to supply Meta with Nvidia AI power, highlighting the high cost of the AI race.
Intel also Approaches TSMC over Potential Investment and Partnership
Intel CEO Lip-Bu Tan is seeking partnerships with Apple and TSMC for investments or manufacturing, meeting with Tim Cook and C. C. Wei.
Wells Fargo Upgrades CoreWeave: Growth Potential Through 2026
Wells Fargo significantly raised its rating and price target for CoreWeave, moving the stock to Overweight and citing "multiple" factors that signal strong growth potential.