Consensus estimates for 2027 cloud capital spending now sit near $1.2 trillion, says Morgan Stanley, about 30% growth and $170 billion above where they stood before second-quarter earnings. The firm's own aggregate estimate is $1.4 trillion, 17% higher than consensus.Three of the four U.S. hypersca…
Cathie Wood's ARK Invest added roughly $28.7 million of Taiwan Semiconductor Manufacturing NYSE:TSM and SpaceX NASDAQ:SPCX shares while trimming Amazon NASDAQ:AMZN, Alphabet NASDAQ:GOOGL and Shopify NASDAQ:SHOP, signalling a sharper rotation toward semiconductor production and space infrastructure…
Verizon Communications NYSE:VZ, the largest U.S. wireless provider, reported second-quarter earnings above analysts' expectations and raised parts of its full-year forecast as Chief Executive Officer Dan Schulman's turnaround plan began to show early progress. The company added 184,000 postpaid pho…
Amazon NASDAQ:AMZN shares fell about 4% on Thursday as investors weighed growing concerns over artificial intelligence spending and a U.S. Senate investigation into the company's marketplace operations ahead of its second-quarter earnings report.Amazon came under pressure after Alphabet's NASDAQ:GO…
Tesla (TSLA) and Alphabet NASDAQ:GOOGL shares led a broad market selloff on Thursday after investors reacted to higher artificial intelligence spending, sending the Nasdaq Composite down about 2.5% and the S&P 500 lower about 1.5%, while rising Middle East tensions pushed Brent crude close to $100…
What Happened? Shares of online advertising giant Alphabet NASDAQ:GOOGLfell 6.5% in the afternoon session after its second-quarter earnings report revealed a sharp downturn in cash flow, overshadowing strong revenue growth.The company beat Wall Street's revenue estimates, with sales growing over 24…
Nebius Group NASDAQ:NBIS, CoreWeave NASDAQ:CRWV, and IREN (IREN) shares rose Thursday after Alphabet NASDAQ:GOOGL raised its 2026 capital spending forecast and said it plans to expand the use of third-party computing capacity to support growing artificial intelligence demand.Alphabet said it now ex…
Alphabet NASDAQ:GOOGL unveiled three new Gemini models, led by Gemini 3.6 Flash, which Google said outperforms its predecessor on tasks including coding and financial analysis at a lower cost to users. The company also released Gemini 3.5 Flash Cyber, tuned to find and patch software vulnerabilitie…
Online advertising giant Alphabet NASDAQ:GOOGLwill be reporting results this Wednesday after market hours. Here’s what investors should know.Alphabet beat analysts’ revenue expectations last quarter, reporting revenues of $109.9 billion, up 21.8% year on year. It was a stunning quarter for the comp…
Databricks, a software developer that helps companies analyze large quantities of data and run AI-powered services, is seeking fresh capital at a $188 billion valuation as investor Coatue Management leads the planned financing. The strategic round would be Databricks' second financing this year and…
The Dow Jones Industrial Average traded lower on Friday as escalating tensions between the United States and Iran weighed on investor sentiment, while rising crude oil prices added to broader market uncertainty.The latest decline followed reports that U.S. forces struck infrastructure targets in so…
What Happened? Shares of online advertising giant Alphabet NASDAQ:GOOGLfell 4.5% in the afternoon session after reports revealed that the release of its flagship Gemini 3.5 Pro AI model has been delayed by several months.Alphabet would take more time to improve the model's capabilities, particularl…
Taiwan Semiconductor Manufacturing Co. NYSE:TSM, the Taiwanese chipmaker that produces most of the world's advanced semiconductors, has raised its 2026 spending and revenue forecasts as demand for artificial intelligence chips and data-center infrastructure continues to rise. The company now expect…
Goldman Sachs Group NYSE:GS, a major U.S. investment bank, generated $985 million in equity underwriting revenue during the second quarter ended June 30, representing a 130% increase from the same period last year. The performance placed Goldman ahead of the other large U.S. banks as Wall Street re…
Microsoft NASDAQ:MSFT, the world's largest software company, is preparing its sales team to compete more aggressively with Anthropic, the artificial intelligence company behind Claude, and OpenAI, another major AI developer. During internal meetings held Tuesday and Wednesday, Microsoft executives…
Oracle NYSE:ORCL rose 2.97% intraday after the Financial Times reported that the company is the front-runner to build an air-gapped cloud system for Japan's government, ahead of Amazon Web Services NASDAQ:AMZN, Microsoft NASDAQ:MSFT, and Google NASDAQ:GOOGL. The enterprise software and cloud compan…
OpenAI, a leading developer of artificial intelligence models, is preparing to enter the consumer-device market with a mobile, screen-free smart speaker designed to bring ChatGPT into the home. The product is expected to control smart-home appliances, play media, answer questions, respond to messag…
PayPal Holdings NASDAQ:PYPL rose 15.25% in premarket trading after Reuters reported that Stripe and private equity firm Advent International made a joint offer to buy the company for $60.50 a share, valuing it at more than $53 billion. The bid, submitted earlier this month, carries roughly a 28% pr…
Investors have moved back into Apple NASDAQ:AAPL, the iPhone maker, as growing concerns about returns from artificial intelligence spending weigh on chipmakers and cloud-computing companies. Apple shares have climbed 15% since reaching a low on June 25, adding nearly $600 billion in market value an…
FN Media Group Presents Oilprice.com Market CommentaryNEW YORK, July 9, 2026 /PRNewswire/ -- In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn't an isola…
