Chip Makers Push Through Another Round of Price Increases
Procurement managers across Asia opened revised price lists on July 1 to find increases from nearly twenty suppliers of analog and power semiconductors, the latest in a series of staggered…
Blackstone Sells Virginia Data Centers Back to Digital Realty
Two years ago, Blackstone and Digital Realty Trust formed a joint venture to build data centers in Northern Virginia, betting that the artificial-intelligence boom would turn the region’s power corridors…
Amazon to Pay Anthropic by the Token
Finance teams negotiating cloud contracts have begun seeing a new line in their terms: Amazon will pay for Anthropic’s models by the token, rather than by the hour of compute…
Apple’s Steepest Drop in a Year Puts the Memory Crisis in Focus
By the time the closing bell rang on June 30, Apple shareholders had watched the stock fall more in a single session than in any other day in over a…
Microsoft Stock Heads for Its Worst Month Since the Financial Crisis
A portfolio manager at a Boston mutual fund began June with Microsoft as his largest holding, a position built over two decades of reliable earnings growth. He spent the past…
Alphabet Joins the Dow as the Index Crosses 52,000
The opening bell at the New York Stock Exchange on June 30 had more than the usual ceremony attached. Alphabet, the parent company of Google, began trading that morning as…
Big Tech’s June Selloff Erases $2.3 Trillion
The Magnificent Seven, the group of America’s largest technology companies, ended June with a combined loss of about $2.3 trillion in market value, their worst month since 2022. The selloff…
Google Limits Meta’s Access to Gemini as Compute Grows Scarce
Engineers at Meta Platforms found out about the change the way such changes usually surface: requests for additional capacity on Google’s Gemini models came back with smaller allocations than before,…
AI Customers Learn to Spend Less, and Model Makers Feel It
The finance chief of a mid-sized software company began receiving a new kind of report this spring: a weekly breakdown of how much the company’s engineers were spending on artificial-intelligence…
ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
