SAP’s First €10 Billion Quarter Comes With a Higher Bar
SAP spent four years telling investors that shifting customers off installed software and onto cloud subscriptions would eventually show up in the top line. On Wednesday it did, in the…
Nomura Sees a Second Shock. Oil Decides Whether There Is a Third.
In a report published Thursday, Nomura Securities strategist Naka Matsuzawa did something that markets rarely reward: he drew a timeline with 1997 and 2007 on it and placed the present…
Meta’s AI Build Now Costs More Than Its Business Brings In
For three years, Meta Platforms has told a clean story: the advertising machine pays for the artificial-intelligence build, and the build eventually pays for itself. On Wednesday afternoon, that arithmetic…
Netflix’s Profit Jump Lands With a Thud on Wall Street
Netflix Inc. delivered the kind of quarter most media companies would take. It just was not the quarter investors were paying for. The streaming company said Tuesday that third-quarter revenue…
Apple Ties Its Foldable iPhone to a Pennsylvania Titanium Mill
HOUSTON, Pa. — The titanium in Apple Inc.’s first folding phone begins as scrap, most of it recycled, in a mill about twenty miles south of Pittsburgh. Perryman Company melts,…
Micron and Its Taichung Union Sign a Deal, and Thursday’s Mediation Disappears
The mediation session was on the calendar for Thursday. On Wednesday it was gone, replaced by a joint statement of four sentences that announced an agreement and disclosed none of…
Anthropic Calls Lyrics Training Fair Use, and a Judge Asks Who Was Harmed
SAN JOSE, Calif. — Sonal Mehta spent her first minutes describing what Claude does with a song lyric, which is to learn from it rather than to reproduce it. Matt…
Musk Puts a Date on Terafab: First Test Chip by Mid-2027, Volume in 2028
The first chip Terafab makes will not be a product. It will be an argument of a narrow kind, that the building and the machines inside it can turn sand…
Nvidia Prepares to Fund a Customer the Market Would Not
The pitch was straightforward: the fastest-growing builder of AI data centers in the Asia-Pacific, backed by the world’s most valuable chip company, raising capital in the middle of a computing…
A $3 Billion Valuation for Software That Watches the Grid
In September, air traffic controllers at Dulles International Airport outside Washington began working with a piece of software that tries to see a delay before it forms. It reads flight…
