Microsoft’s $450 Billion Surge Resets the AI Trade
The day after Microsoft Corp. reported earnings, its stock climbed by more than the entire market value of most companies. Shares rose enough to add about $450 billion to Microsoft’s…
Apple’s Record June Quarter Meets a Cool Reception
The numbers were among the best of Tim Cook’s tenure. Apple Inc. reported record revenue and profit for its June quarter Thursday, with iPhone sales up 22% and Mac sales…
Amazon Lifts AI Spending as AWS Growth Accelerates
Amazon.com Inc. shares rose more than 9% in after-hours trading Thursday, a relief rally that followed a second-quarter report showing the company’s cloud unit growing faster than Wall Street expected…
Broadcom’s $30 Billion Backlog Is Priced Like a Cycle Stock
Broadcom is sitting on an order book that most chip companies can only dream of, and the market is treating it like an ordinary semiconductor business. That is the argument…
AMD’s Server-Chip Ambition Gets a Wall Street Boost
Susquehanna raised its price target on AMD this week, arguing that the company’s next-generation server processor could double its share of the data-center market. The report points to a structural…
Berlin Pushes Europe to Build Its Own AI Stack
Germany’s digital minister called on the European Union this week to accelerate its push for AI independence, arguing that the bloc’s reliance on American infrastructure has become a strategic risk.…
Tesla’s July Is the Worst in the Magnificent Seven
Tesla shares fell more in July than any of its Magnificent Seven peers, capping a month in which investors punished the company for a gap between its AI story and…
Kumamoto Quake Leaves Japan’s Chip Heartland Dark
The machines that make the world’s camera sensors and power chips fell silent this week. Two days after a 7.1-magnitude earthquake struck Kumamoto prefecture, factories across the region’s semiconductor heartland…
Chip Stocks Surge as Microsoft’s Numbers Quiet Fears of an AI Slowdown
The Philadelphia Semiconductor Index climbed more than 6% on Thursday, its biggest one-day gain in months, as investors seized on Microsoft’s earnings as the clearest evidence yet that the AI…
OpenAI’s Revenue Keeps Climbing as a Key Researcher Returns
In an all-hands meeting this month, OpenAI’s chief financial officer delivered a message the company rarely puts on the record: the growth has not slowed down. Sarah Friar told employees…
