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Tech & AI
Executives at an industry summit split over AI, with some calling data centers a rare opportunity and others warning heavy spending could end in costly losses.
| S&P 500 change | −1.09% |
|---|---|
| 10-year Treasury yield | 5.09% |
Week ended Friday
Not investment advice.
· Tech & AI
Cadence Design Systems shares rose 2.3% after hours on Monday when the chip-design software maker beat quarterly estimates and raised its full-year outlook.
· Tech & AI
Meta Platforms shares slid 1.9% after the company announced new stock sales to pay for AI data centers, a plan that could dilute existing shareholders.
· Tech & AI
Anthropic, the company behind the Claude AI models, has publicly filed to sell shares on the Nasdaq, a listing that could show how stock markets value AI model developers.
· Tech & AI
Bank of America, Blackstone, Citigroup and Morgan Stanley committed financing for Broadcom AI chips leased to Anthropic. The deal held after Broadcom reportedly offered higher rates to keep hesitant lenders in the deal.
