Raymond James Investment Management chief market strategist Matt Orton predicts artificial intelligence capital expenditure will surpass $1 trillion by 2027, driven by strong cloud monetization and ca…
AMD launched its new Helios AI rack server platform on Monday, intensifying its competition with Nvidia in the AI hardware market, Yahoo Finance reported. The chipmaker's latest offering targets data-…
DeepMind CEO Demis Hassabis called for U.S.-led oversight of advanced AI models, Yahoo Finance Tech Editor Dan Howley reported on Market Domination. The proposal could shape the future of AI regulatio…
Tematica Research CIO Chris Versace warns that markets may get 'increasingly nervous' if hyperscalers raise AI capital expenditure further, as investors await second-quarter earnings from Alphabet, Te…
Goldman Sachs strategists led by Lavinia Forcellese said AI-related expectations have overtaken traditional drivers such as China's growth outlook and US dollar moves as the largest contributor to cop…
Republican Rep. Byron Donalds, a candidate for Florida governor, announced legislation Monday requiring AI data centers to obtain all electricity and water from private sources rather than public util…
AMD stock rose more than 3% on Monday after Rosenblatt and UBS raised their price targets and Microsoft announced it will use AMD's upcoming Helios rackscale AI platform for Azure workloads. Rosenblat…
Chinese AI models pose 'real risks' to market competition and national security due to possible weaponization, according to Council on Foreign Relations senior fellow Chris McGuire, who spoke with Yah…
Citi strategist Scott Chronert argues the 'Magnificent Seven' label for Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia is outdated as the AI revolution creates new winners. Chronert propo…
Chip stocks recovered Monday, with the Philadelphia Semiconductor index climbing more than 2.6%, after last week's rout sent them into a bear market. AMD rose on news of a deal with Microsoft to deplo…
Alphabet's Google is developing a new server chip called Frozen v2, designed to optimize its Gemini AI model and run six to ten times more efficiently than current custom chips, with a potential launc…
Chinese AI startup Moonshot unveiled its Kimi K3 model, touted as the world's largest publicly available large language model, sparking debate over whether it marks another DeepSeek moment in the US-C…
US stock futures rose in Monday pre-market trading as investors await earnings from Alphabet, Tesla, Intel, and IBM this week, with a focus on Big Tech's AI investments and returns, according to Yahoo…
Wall Street rose Monday, with the S&P 500 up 0.6%, as chip stocks rebounded from recent losses. Nvidia gained 1.9% and Sandisk climbed 6.7%, recovering some ground after weeks of pressure on AI-relate…
Semiconductor stocks led by AMD, Micron Technology, and SK Hynix jumped on Monday, recovering from a 9% drop in the PHLX Semiconductor Index last week. AMD rose 4% after Rosenblatt and UBS raised pric…
Practical Venture Capital general partner Aman Verjee is bullish on Anthropic's IPO over OpenAI's, citing stronger positioning in the AI market. Verjee's comments come as both companies prepare for th…
RBC Capital Markets managing director Rishi Jaluria says there are two 'big' misconceptions about AI's long-term impact on the software sector, addressing fears of AI disruption in an interview with Y…
Governments and cities worldwide are imposing moratoriums and bans on new data centre construction due to concerns over electricity, water, and land use, with New York becoming the first U.S. state to…
TSMC reported blowout Q2 earnings with revenue jumping 36% year over year and net income soaring 77.4%, driven by surging AI chip demand, while IBM warned Q2 revenue and earnings fell below expectatio…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …