Amazon lifted its full-year capital expenditure forecast to $220 billion on July 30, driven by higher memory costs and surging demand for AI compute, as AWS clocked its fastest revenue growth in 18 qu…
Amazon beat expectations for quarterly cloud sales growth, with AWS revenue jumping 37% to US$42.2 billion in Q2, and shares rose over 8% after hours. CEO Andy Jassy said AWS is booming and that capit…
Wall Street ended sharply higher on Thursday, with the S&P 500 climbing 1.66% to 7,437.63, the Nasdaq gaining 2.78% to 25,122.18, and the Dow Jones rising 1.19% to 52,208.06, as Microsoft surged over …
Apple has projected slower growth due to the impact of artificial intelligence development on technology supply chains, intensifying constraints in semiconductor and memory supply sectors critical for…
Nexus Data Centers is in advanced talks to secure $15 billion in bank financing for a Texas data center campus tied to Anthropic, with Alphabet's Google providing financial guarantees and supplying TP…
Big Tech companies are expected to reduce stock buybacks as they increase capital expenditures on artificial intelligence, according to Yahoo Finance Markets and Data Editor Jared Blikre. The shift in…
Alphabet-owned Waymo has embedded Google's Gemini AI into its self-driving fleet, enabling the AI to adjust cabin settings, recommend locations, and accept voice commands, while Google simultaneously …
Meta disclosed $279 billion in future lease commitments for AI data centers in its Q2 2026 regulatory filing, a 53% increase from the prior quarter, with none of the obligations appearing on the compa…
Meta CEO Mark Zuckerberg predicted that billions of people will use AI agents to automate their lives within five years, including managing relationships, households, finances, and health. The claim c…
Morgan Stanley estimates $570 billion in global AI-related debt issuance for 2026, with $236 billion already priced by May at a pace four times faster than last year, pressuring bond investors as tech…
Waymo has partially resumed its freeway service in Phoenix after halting it in May due to a software bug that caused its autonomous vehicles to drive into closed construction zones at speed. The Alpha…
Microsoft stock rose while Meta stock fell after both reported quarterly earnings, as investors showed impatience with AI spending. Microsoft posted Q4 2026 revenue of $90 billion, up 18%, and adjuste…
Apple's stock has climbed roughly 24% to 25% year-to-date, closing near $338 as of late July, outperforming Big Tech peers that are spending heavily on AI infrastructure. Apple's capital expenditures …
Zhongji Innolight opened at HK$971, about 0.9% below its HK$980 offer price, after raising HK$53.41 billion ($6.81 billion) in Hong Kong's largest share sale since Alibaba's 2019 secondary listing. Th…
Meta's free cash flow collapsed 91% to $784 million in Q2 2026, driven by an AI infrastructure spending spree that CEO Mark Zuckerberg defends as essential for long-term dominance, causing the stock t…
Microsoft's Azure cloud revenue jumped 43% last quarter, its fastest growth in four years, as capital expenditures surged 70% to $41 billion. The company's shares rose about 3% in late trading after b…
Microsoft, Alphabet and Meta used second-quarter earnings to signal a turning point in the AI infrastructure race, focusing on deployment speed, power availability and networking scale rather than GPU…
Microsoft shares rose 9% and Meta shares fell 9% after both companies reported earnings within an hour of each other on Wednesday evening, as investors rewarded Microsoft for showing clear returns on …
Chinese tech giants face growing pressure to prove that billions of dollars in AI infrastructure spending will yield sustainable profits, mirroring US counterparts like Meta and Alphabet whose rising …
Apple's stock surged to a $5 trillion market cap on July 28, making it the second company after Nvidia to reach that milestone, driven by plans for a smart home push and investor approval of its cauti…