PIMCO group chief investment officer Dan Ivascyn secured favorable conditions for a $16 billion Oracle data center campus financing in Saline Township, Michigan, with PIMCO anchoring roughly $10 billi…
US tech giants including Microsoft, Alphabet, Amazon, and Meta are projected to spend $600 billion to $725 billion on AI capital expenditures by 2026, up from $150 billion in 2023, but investors are g…
Six major tech companies—Amazon, Alphabet, Microsoft, Meta, Oracle, and Nvidia—have collectively issued roughly $244 billion in bonds globally through mid-July 2026 to fund AI infrastructure, more tha…
The five largest cloud builders—Microsoft, Amazon, Alphabet, Meta, and Oracle—have pledged a combined $725 billion in AI infrastructure spending for 2026, driving their collective free cash flow towar…
Uber laid off 10% of its customer service staff, part of its Community Operations team, and plans to replace them with AI, according to an internal memo viewed by Bloomberg. Megha Yethadka, Uber's VP …
Nebius Group closed a $775 million senior secured debt facility on July 17, its first asset-backed borrowing, to fund AI cloud infrastructure buildout. The deal, led by MUFG and syndicated among 10 ba…
PJM Interconnection's 2028/2029 capacity auction secured 138,318 megawatts of unforced capacity but still fell 6,831 megawatts short of reliability requirements, with data centers accounting for rough…
Harbor Capital has coined the term "Memi" (memory semiconductors) to describe a new $3 trillion sector dominated by Micron, SK Hynix, and Samsung, which are essential to AI infrastructure due to high-…
AI data center debt has become Wall Street's top credit risk, with 48% of fund managers in Bank of America's July Global Fund Manager Survey identifying hyperscaler capital expenditure as the most lik…
Analysts at Bank of America and UBS advise investors to stick with AI hardware stocks despite a volatile July that briefly pushed chip stocks into a bear market. BofA says new open-source models like …
Short interest in US stocks has hit a record high, with S3 Partners reporting that short interest across all S&P 500 stocks is about 3.7% of free float, the highest since the firm began tracking in 20…
Tesla reports second-quarter earnings on Wednesday with shares down 15% year-to-date, and Wall Street analysts are pressing for updates on robotaxi deployment and humanoid Optimus robots, which they v…
Oracle faces over $100 million a year in financing costs to guarantee power commitments for its nearly 1 GW Lighthouse Campus datacenter in Wisconsin, after the Public Service Commission of Wisconsin …
Bank of America added Micron Technology to its US 1 List and upgraded the stock from Hold to Buy, raising its price target from $144 to $177, citing growing demand for memory chips driven by edge AI. …
Alphabet is signaling it may cut AI capital expenditure, potentially leading a retreat in Big Tech AI spending, while Bank of America maintains a Buy rating on Meta with an $835 price target based on …
Goldman Sachs strategists led by Lavinia Forcellese said AI-related expectations have overtaken traditional drivers such as China's growth outlook and US dollar moves as the largest contributor to cop…
OpenAI CFO Sarah Friar says CFOs should measure AI value by tracking 'useful intelligence per dollar' rather than model specs or cost per token, and outlines four questions to assess AI investments. A…
Moonshot AI released Kimi K3, a 2.8-trillion-parameter open-weight model that scores 57 on the Artificial Analysis Intelligence Index, surpassing Claude Opus 4.8 (56) and ranking #1 on AutomationBench…
Bank of America appointed Sonali Theisen as head of its global digital assets platform and Kevin Milsom as head of AI transformation on July 17, following the June 2026 appointment of Adam Dixon as gl…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …