Meta stock sinks as AI spending surge spooks investors
Zuckerberg’s superintelligence dream rattles Wall Street
Meta’s record revenue couldn’t stop its shares from tumbling after the company warned that its AI ambitions would come with a colossal bill.
Microsoft struggles to keep up with AI and cloud demand
Redmond giant’s capacity crunch boosts profits
Software King of the World Microsoft is swimming in AI money but running short on the servers to handle it.
Nvidia first company to hit $5 trillion
Huang’s outfit worth more than entire S&P sectors
Nvidia just became the first company in history to smash through the $5 trillion mark, proving that the AI hype train shows no sign of slowing down.
Google rides AI wave to record-breaking quarter
Cloud and ad growth push revenues to new highs as AI costs soar
Google’s parent Alphabet is swimming in cash after the AI tide lifted its cloud and ad businesses to record levels.
Apple ships AI servers early
Unlikely to be as good as Nvidia
The Fruity Cargo Cult Apple has started shipping artificial intelligence servers from its new Houston plant months earlier than expected.