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.
AWS signed a $38 billion deal to power OpenAI. Amazon will provide massive computing resources (like Nvidia GPUs) over seven years for AI development.
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 partners with Arm Total Design to deliver chiplet connectivity for AI infrastructure using PCIe, CXL, and UALink amid recent stock volatility.
Bloom Energy and Brookfield announce groundbreaking $5 billion partnership to build next-generation AI factories with advanced fuel cell technology, addressing massive power demands.
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.
