Hyperscalers including Alphabet, Meta, Amazon, and Oracle have issued over $300 billion in bonds since the start of 2025 to fund AI infrastructure, but investor demand is plunging as cover ratios for …
Chinese AI startup Moonshot AI unveiled Kimi K3, a 2.8 trillion-parameter model that closes the performance gap with U.S. rivals and represents the world's largest open-weight AI system. The model out…
Bank of America says the US dollar is set for a strong second half of 2026, driven by conflict in the Middle East, the AI boom, and a higher-for-longer interest rate outlook. The greenback has already…
Bank of America named Kevin Milsom as head of platforms AI transformation and moved Amy Avery's Analytics, Modelling & Insights team under the platforms group to centralize AI and data-driven insights…
ASML reported Q2 2026 net sales of €9.3 billion and net income of €2.9 billion, exceeding its own guidance, and raised its full-year outlook. The company plans to increase capacity for Low-NA EUV and …
South Korea's KOSPI index has been transformed into an AI-fueled casino, with more than half of all circuit breakers in its history triggered in the past six months due to extreme volatility from leve…
Nvidia hired 26-year Microsoft veteran Nick Parker to replace retiring billionaire sales chief Jay Puri, signaling a strategic shift from selling AI chips to helping customers deploy AI. Parker, who w…
Some investors are repositioning portfolios for a slowdown in hyperscaler spending growth, betting the near-trillion-dollar AI infrastructure boom may decelerate. UBS projects hyperscaler capex will r…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Bank of America CEO Brian Moynihan warned on July 16 that Anthropic's Mythos AI poses a legitimate threat to the financial system, citing the model's ability to autonomously discover and exploit softw…
Bank of America CEO Brian Moynihan said on the bank's Q2 2026 earnings call July 15 that security is the top priority in its AI rollout, as the bank processes over 400,000 AI prompts daily from employ…
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
Global investors shut out of ChangXin Memory Technologies Inc.'s planned $9.8 billion IPO, China's biggest in nearly four years, are turning to proxy trades such as shares of financial intermediaries …
ASML CEO Christophe Fouquet confirmed the company can ship approximately 65 Low-NA EUV lithography systems in 2026, up from 44 units in 2025, a nearly 50% year-over-year increase driven by AI chip dem…
Bank of America CFO Alastair Borthwick said the bank's AI investments are driving measurable financial results, citing a 59% efficiency ratio in Q2 2026, a roughly 360 basis point improvement from a y…
Morgan Stanley reported record net income of $5.58 billion, or $3.46 per share, and record revenue of $21.35 billion in the second quarter, driven by an AI-fueled surge in trading and dealmaking. The …
FedEx CEO Raj Subramaniam, one year after the death of founder Fred Smith, is charting his own path while preserving the company's culture, as he navigates supply chain disruptions and leads the compa…
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…
Bank of America (BofA) expects AMD to deliver a beat-and-raise quarter driven by surging demand for AI servers. The firm's analysts project strong earnings and revenue growth as AMD capitalizes on the…
Goldman Sachs CEO David Solomon said Wall Street is in the middle of an AI capex 'super cycle' that is driving elevated levels of strategic activity, financing, and capital formation across markets, a…