ITG Inc., an Oaktree-backed infrastructure builder, raised $312.2 million in its Nasdaq IPO but priced shares at $16, below the $19-$22 range, as investors discounted the company despite the AI infras…
Wall Street opened slightly higher on Tuesday, with the S&P 500 and Nasdaq both up 0.1%, while the Dow Jones fell 0.2% after hitting a record high on Monday. UBS warned that concerns over the sustaina…
Alphabet executed an $85 billion share sale and SpaceX completed a record $75 billion IPO, with aggregated AI capex estimates rising into the hundreds of billions for 2026. SpaceX bond paper losses wi…
Chinese chipmaker Basic Semiconductor is moving forward with an IPO in Hong Kong, betting on silicon carbide (SiC) semiconductors to address the power demands of AI-driven data centers. The company jo…
A UBS report reveals Chinese AI models cost up to 50 times less than US counterparts, with prices as low as $2-$3 per million output tokens versus $15 for comparable US models. About 60% of companies …
Alphabet announced an $85 billion equity raise to fund AI infrastructure, while Big Tech companies have already sold $159 billion in bonds in 2026, surpassing their total from 2020-2024. Fidelity advi…
UBS initiated coverage of Veritone Inc with a Neutral rating and a $2.50 price target, citing the company's Veritone Data Refinery as a key growth driver in a training-data market expected to expand f…
The AI data center boom is driving a third wave of inflation, increasing consumer prices through surging demand for semiconductors and components, with wholesale electronic components up 27% year-over…
Micron Technology reported $41.46 billion in fiscal Q3 2026 revenue, quadrupling year-over-year and beating estimates, as its stock surged more than eightfold in a year amid AI-driven demand for high-…
Melius Research raised its price target on Micron Technology to $2,200 from $1,100, citing unprecedented AI-driven demand for memory chips and long-term supply agreements through 2027. The analyst fir…
Surging demand from AI data centers has doubled memory chip prices in early 2026, driving up costs for smartphones, computers, and home appliances by up to 20%, with potential 50% spikes by mid-year. …
Asian stocks rallied as memory chipmakers SK Hynix and Micron Technology surged on AI-driven demand, with SK Hynix reaching a $1.12 trillion market cap and Micron rising nearly 20% after a UBS price t…
Micron Technology briefly surpassed a $1 trillion market capitalization in late May 2026 after its shares jumped roughly 19%, driven by UBS raising its price target to $1,625 and investor expectations…
The United States now accounts for more than half of the global credit impulse, adding roughly $800 billion in net new credit over the past year, driven primarily by artificial intelligence spending, …
The [un]CFO of Unconventional AI, a role created by CEO Naveen Rao, describes building the company's finance, investor strategy, and operations from scratch. The team grew from 14 people to raising $5…
Comfort Systems USA, an HVAC contractor, reported Q1 2026 revenue of $2.87 billion, up 56.8% year-over-year, driven by AI data center construction. The company expanded prefabrication capacity by 30% …
A KPMG report on AI adoption by businesses contained false case studies that appear to be AI hallucinations, according to research group GPTZero and verified by the FT. The October report made bogus c…
Bank of America (BAC) joined UBS on the IBD Breakout Stocks Index and entered a new buy zone, driven by its AI strategy and double-digit growth. The stock shows strong demand with a high Accumulation/…
KPMG, a global consulting firm with 250,000 employees, published an AI-generated report in October 2025 titled 'Total Experience: Redefining Excellence in the Age of Agentic AI.' An audit by GPTZero f…
South Korean AI firm Upstage announced it will integrate its AI model, workplace tools, and web portal into a single platform, betting on a home-grown stack to compete without relying on US or Chinese…