Oracle Corp.'s credit rating was cut to BBB- by S&P Global Ratings, just one step above junk, as the company's $250 billion data-center expansion for AI burns cash faster than revenue generation. The …
ASML Holding NV raised its full-year sales forecast for the second time in 2026, projecting net sales of €43 billion to €45 billion, driven by surging demand for its chip-making machines from AI-relat…
AI startup Reflection AI has signed a $1 billion computing deal with cloud provider Nebius Group NV to secure NVIDIA's GB300 AI chips through 2029. The agreement underscores the industry's race for pr…
Canadian semiconductor companies are expanding into the U.S. market to capitalize on the AI boom, despite ongoing trade uncertainties and potential tariffs. Firms like MaxEpic Inc. and Advanced Micro …
Bitcoin miner CleanSpark Inc. agreed to a 20-year data-center lease at its Sandersville, Georgia campus worth $6.6 billion in contracted revenue, with an unnamed high-investment-grade global technolog…
The Trump administration plans a summit to expand its Ratepayer Protection Pledge, aiming to secure voluntary commitments from utilities and data center developers to prevent AI-driven electricity cos…
Apple Inc. shares have rallied 15% since June 25, adding nearly $600 billion in market value, as investors flee AI-related stocks amid concerns about heavy spending on artificial intelligence. The iPh…
Alphabet, Amazon, Meta, Microsoft, and Oracle have doubled their collective debt to $350 billion over five years to fund AI data center construction, betting on future revenue from AI services. Invest…
Microsoft Corp. reported a 25% surge in carbon emissions in 2025, reaching 20 million metric tons, driven by data center construction for AI and a pause in renewable energy credit purchases. The incre…
The Magnificent Seven tech stocks have lost their market dominance as the AI trade shifts to memory chipmakers like Micron and Sandisk, with the Mag 7 index gaining only 1.1% in 2026 versus the Nasdaq…
Syntiant Corp., an Intel-backed maker of AI chips and software, filed for an IPO on Monday. The Irvine, California-based company reported a net loss of $26.2 million on revenue of $64.5 million for th…
Sony Group Corp. will end production of physical discs for PlayStation consoles in January 2028, shifting to a digital-only distribution model. The move makes Sony the first major console maker to aba…
Chip stocks are heading for their best quarter ever, with the Philadelphia Stock Exchange Semiconductor Index soaring 81% in Q2, driven by AI demand. However, recent volatility and concerns about sust…
Microsoft Corp. shares are heading for their worst month since December 2000, down 17% in June and erasing over $570 billion in market value, as investors worry about AI spending and disruption. The s…
At least 10 power infrastructure and clean technology companies have gone public in 2026, raising $11.6 billion, as investors bet on solutions to AI's growing energy demands. The IPO surge is fueled b…
AI startup Legion sued the U.S. government after a federal directive forced Anthropic to block foreign nationals from accessing its advanced AI models, causing immediate harm to Legion's operations. T…
Micron Technology Inc.'s earnings report on Wednesday is critical as investors question the sustainability of the AI rally. The memory-chip maker's shares have surged 270% this year, but concerns grew…
OpenAI and Broadcom unveiled their first custom AI chip, Jalapeno, which shows cost savings of roughly 50% compared to typical AI GPUs. The chip is being tested and will be integrated into data center…
Big Tech stock buybacks have nearly vanished as Alphabet, Microsoft, Meta, and Amazon prioritize massive AI spending, with only Microsoft buying back shares in Q1 at the lowest level in nearly a decad…
SpaceX shares surged for a third consecutive day, pushing its market value to $2.8 trillion and briefly overtaking Amazon to become the world's fourth-largest stock. The rally was driven by limited pu…