Visa is cutting approximately 2,600 jobs, or 7% of its global workforce, as CEO Ryan McInerney's internal memo signals a major shift toward AI-driven efficiency and reinvestment in growth areas. The r…
Microsoft, Meta, and Amazon are set to report earnings this week, and their AI capital expenditure increases could weigh on the S&P 500, which is already at record concentration with 10 stocks account…
Alphabet's Q2 earnings revealed capital expenditures of over $78 billion in the first half of the year, with total 2026 spending expected between $195 billion and $205 billion, mostly on data centers …
Evercore ISI senior managing director Mark Mahaney projects that Google, Amazon, Meta, and Microsoft will spend an unprecedented $1 trillion on AI capital expenditures by 2027, citing the companies' r…
ServiceNow reported Q2 2026 revenue of $3.99 billion, up 24% year-over-year and above the $3.93 billion consensus, as its AI annual contract value crossed $1 billion for the first time with agentic de…
Alphabet's earnings report later today will test whether investors stick with the Magnificent Seven or buy the sell-off in semiconductor stocks, as the performance gap between the two groups has widen…
Massive investment in AI data centers, expected to top $700 billion this year, is driving up prices for memory chips, consumer electronics, and electricity, posing a new inflation threat. Economists a…
Evercore ISI maintained an Outperform rating on Apple with a $365 price target on June 25, following price increases of 17% to 25% on selected Mac, iPad, and home devices, which Insider Monkey attribu…
Evercore ISI reiterated an Outperform rating on Meta Platforms (META), citing growth driven by AI subscriptions. The firm's positive outlook underscores Meta's expanding AI monetization efforts.…
SpaceX completed a $2.5 trillion IPO and now plans to raise at least $20 billion in its first bond deal to fund AI data centers in space, with capital expenditure potentially exceeding $700 billion an…