AMD’s Revenue Jumps 38% as Its AI Chips Close the Gap
Advanced Micro Devices reported first-quarter revenue of $10.25 billion, up 37.85% from a year earlier, the fastest growth in years, as its AI accelerators and server processors found buyers across…
Nvidia’s Margin and Its $5 Billion Bet on a Rival
Two numbers from Nvidia describe the AI chip market better than any earnings call. The company’s gross margin reached 74.9% in its latest quarter, and it announced a $5 billion…
Google Finishes an $85 Billion Equity Raise for Its AI Buildout
Alphabet has completed the largest equity offering in its history, raising roughly $85 billion to fund the data centers, chips and power that its AI push requires. The capital is…
Intel’s Rally Runs on 18A, Apple and a Turnaround Narrative
Fourteen months ago, Intel’s stock traded near $11 and the company’s future was the subject of an open debate about whether it would survive as a chip designer, a foundry…
Amazon Lines Up $31.5 Billion in Two Days for Its AI Buildout
Amazon’s balance sheet is now part of its AI strategy. In the space of 48 hours this month, the company arranged roughly $31.5 billion in new financing: a $17.5 billion…
Bezos’s Prometheus Raises $12 Billion to Engineer the Physical World
Jeff Bezos sat down with CNBC’s David Faber at Prometheus’s San Francisco headquarters and, for the first time, explained publicly what he is building with his money. The company he…
SpaceX’s Nasdaq Debut Becomes the Largest IPO in History
Gwynne Shotwell rang the opening bell at the Nasdaq MarketSite in Times Square, and a stock that investors had chased for years finally traded under a ticker. SPCX opened at…
Meta Cuts Off Manus as It Unwinds a $2 Billion Deal
Inside Meta Platforms, the internal memo said it plainly: Manus is being “sunset.” Staff were told to migrate existing Manus projects onto Meta’s own systems and not to begin new…
A Mother Sues OpenAI Over ChatGPT’s Final Messages
The chat log carries a title that ChatGPT chose for it: “Trying Again Together.” The last words in the conversation were “I’m with you.” Hours later, Alice Carrier was dead.…
Global Smartwatch Shipments Rose 4.8% in the First Quarter
The smartwatch market is growing again, slowly. Worldwide wrist-worn device shipments reached 47.05 million units in the first quarter, up 2.2% from a year earlier, and smartwatches specifically totaled 37.03…