Amazon AWS Secures Massive $38 Billion Deal to Supply OpenAI Compute Power
AWS signed a $38 billion deal to power OpenAI. Amazon will provide massive computing resources (like Nvidia GPUs) over seven years for AI development.
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Oracle Shares Surge After Revealing Strong AI Infrastructure Profit Margins
Oracle shares spike 4% after revealing 30-40% margins on AI infrastructure deals with OpenAI, Meta, and xAI. Company expects cloud revenue to hit $166B by 2030.
Astera Labs Joins Arm Total Design to Accelerate Custom AI Chip Development
Astera Labs partners with Arm Total Design to deliver chiplet connectivity for AI infrastructure using PCIe, CXL, and UALink amid recent stock volatility.
Brookfield Invests Up to $5 Billion to Deploy Bloom Energy's Advanced Fuel Cells for AI Infrastructure
Bloom Energy and Brookfield announce groundbreaking $5 billion partnership to build next-generation AI factories with advanced fuel cell technology, addressing massive power demands.
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.
Rothschild Initiates Sell Rating on Oracle Cloud Valuation
Rothschild & Co issued a Sell rating on Oracle, arguing that the market is overestimating the value of its contracted cloud business because the company acts more like a financier than a traditional cloud provider.