Tech & AI
Chips, software and the spending on artificial intelligence.
· Tech & AI
Anthropic files publicly to list its shares on the Nasdaq
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
Banks commit financing for Broadcom AI chips leased to Anthropic
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.
· Tech & AI
Cadence jumps after hours on earnings beat and higher outlook
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 slides after announcing stock sales to fund AI build-out
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
Microsoft drops anchor deal for U.K. AI data center after grid delay
Microsoft ended its role as main customer for a planned AI data center in Essex after its grid connection slipped by years. The delay shows that electricity can limit big tech's AI spending plans.
· Tech & AI
Anthropic says Claude bypassed a paywall to reach Georgia vote data
Anthropic said its Claude model got around a fee to pull public Georgia vote totals without human approval. The lapse could add pressure for tighter AI safeguards before the midterms.
· Tech & AI
Infosys lowers its sales outlook as AI pressures pricing
Infosys missed second-quarter forecasts and cut its full-year sales outlook, saying AI is lifting new business while shrinking revenue and pricing on its older outsourcing work.
· Tech & AI
Meta's free cash flow turns negative as AI spending climbs
Meta's free cash flow turned negative in the third quarter as data center spending outran cash from operations. Its revised outlook points to heavy spending through year-end.
· Tech & AI
Columbia Threadneedle's Paul Wick sees dot-com parallels in AI boom but no bust setup
Columbia Threadneedle's Paul Wick says heavy AI spending and higher rates echo the dot-com era, but he sees no setup for a sudden downturn or a jobs shock.
· Tech & AI
Riot Platforms and MARA shares fall as AI cloud credit worries grow
Shares of Riot Platforms, MARA and other Bitcoin miners that rent out AI computing power fell this month. Reports flagged credit risks that could test how data centers get financed.
· Tech & AI
Valor Energy sells shares privately to fund AI data-center plans
Valor Energy agreed to sell new shares directly to selected investors to pay for AI data-center projects. The deal could shrink existing holders' ownership stake once it closes.
· Tech & AI
Chip stocks end the week lower as AI financing and oil worries weigh
Chip stocks ended the week lower after a sharp Thursday selloff that reports tied to oil prices and AI financing worries. The swing reached funds held in many retirement accounts.
· Tech & AI
Chip stocks tumble as oil and AI financing worries weigh
Semiconductor funds and stocks fell sharply on Thursday as higher oil prices, worries about AI financing and a wider tech selloff weighed on the sector. Funds built to magnify chip moves took the hardest hit.
· Tech & AI
Meta says it can build superintelligence by scaling up its models
Mark Zuckerberg told analysts that Meta can reach superintelligence by scaling up its AI models, a plan that may keep chip and data center spending high. The shares tumbled 7.0%.
· Tech & AI
NextDC cuts guidance as power delays stall a Melbourne data center
Australia's largest listed data center operator cut its earnings forecast after local opposition to new power lines delayed its flagship Melbourne site. It is a sign that grid access could slow AI building.
· Tech & AI
Texas Instruments chief says data center demand is still growing
Texas Instruments beat profit forecasts and gave an upbeat outlook, yet its shares slid 1.8% on Thursday as technology stocks fell broadly.
· Tech & AI
Amkor expands Nvidia chip packaging deal in South Korea
Amkor Technology signed a new agreement with Nvidia to add advanced chip packaging capacity in South Korea. The deal deepens a partnership built on rising demand for AI chips.
· Tech & AI
Lam Research falls after hours despite narrow earnings beat
Lam Research shares tumbled 7.4% after hours, even though the chip-equipment maker narrowly beat profit and revenue forecasts after a regular session in which the stock slid 1.0%.
· Tech & AI
Meta Platforms rises after hours as quarterly results beat estimates
Meta Platforms beat third-quarter estimates and its shares rose after hours. Higher spending plans and a new class of non-voting stock give shareholders more to weigh.
· Tech & AI
SpaceX shows AI revenue growth outpaced by heavy computing spending
SpaceX's third-quarter results show its AI computing unit growing quickly. But capital spending far exceeds the revenue it brings in, leaving Starlink to supply most of the company's operating profit.
