Raymond James managing director Ed Mills said opposition to data center development is growing, with politicians increasingly joining the backlash over the rapid expansion of AI infrastructure. The tr…
Bond yields are spiking worldwide amid soaring government debt and heavy AI spending, with the 10-year Treasury yield (^TNX) and other benchmarks under pressure as equities struggle. Yahoo Finance's J…
Alibaba Group Holding Ltd. sold its Lingxi Games unit for over $1.5 billion, according to Yahoo Finance's Julie Hyman, as the Chinese tech giant sharpens its focus on artificial intelligence. The sale…
The Wall Street Journal reports that Big Tech companies have $3 trillion in AI spending commitments kept off their balance sheets, according to a breakdown by Yahoo Finance's Julie Hyman. The report h…
A Yahoo Finance report finds that consumer opposition to AI data centers is growing, with critics calling it a 'hot Luddite summer' as communities push back against the infrastructure's energy and wat…
SanDisk shares jumped 5% after the company announced multi-year hyperscaler contracts, signaling a shift away from volatile memory cycles, as Yahoo Finance's Julie Hyman analyzed via Yahoo Finance's A…
OpenAI appointed Dali Rajic as Chief Revenue Officer, less than a year after Denise Dresser took the role, amid ongoing C-suite turnover. The company projects an annual revenue run rate of $40 billion…
OpenAI and Anthropic are racing toward initial public offerings, with investors weighing which AI giant offers the better bet, according to Yahoo Finance Tech Editor Dan Howley, Breaking News Reporter…
SpaceX stock declined after the company's first-ever earnings report, which included AI spending forecasts that concerned investors. The drop erased gains from the previous day, as reported by Yahoo F…
Caterpillar Inc. (CAT) reported second-quarter earnings that beat Wall Street expectations, and its stock surged as investors bet on the data center boom expanding the AI trade beyond chipmakers. Busi…
OpenAI hosted social media influencers on a 'ChatGPT Summer Club' retreat, drawing backlash. Business Insider executive editor Dan DeFrancesco and Yahoo Finance reporter Jake Conley discussed the even…
Skanska USA president and CEO Richard Kennedy said US manufacturing activity rebounded in July, with factory output improving, and discussed how Skanska is using AI to optimize operations and its grow…
Schneider Electric CEO Olivier Blum said the company is helping develop AI infrastructure in a 'very responsible' way, emphasizing the energy provider's role in electrification trends and AI data cent…
Vertiv CEO Giordano Albertazzi said earnings from Google, Meta, and Microsoft are reinforcing the acceleration of data center demand, as Vertiv stock rebounds after reporting quarterly earnings. The c…
Microsoft stock surged after the company reported strong cloud growth, with Azure revenue up 34% in the fiscal fourth quarter. Yahoo Finance Technology Editor Dan Howley discussed the results, highlig…
Meta CEO Mark Zuckerberg has launched a media campaign defending artificial intelligence, telling the New York Times that AI discourse is 'overwhelmingly filled with doom.' Yahoo Finance reports that …
Vertiv Holdings stock fell Wednesday after the company missed second-quarter earnings estimates, despite raising its full-year guidance. The company is a key player in AI data center infrastructure, a…
Four of the Magnificent Seven tech giants are set to report earnings this week, with investors focused on soaring AI spending as companies ramp up capital expenditures, according to Neuberger senior r…
Wall Street awaits Big Tech earnings from Microsoft, Meta, Apple, Amazon, and Qualcomm this week, with investors questioning whether rising AI capital expenditures are squeezing margins and profitabil…
Data centers could account for roughly 20% of U.S. electricity consumption by 2030, according to a new Bloomberg report, as surging energy demand from AI adoption becomes a major focus for utilities, …