The compute build-out: chips, data centres, model labs and the capex cycle funding them.
237 report(s) in the archive
Citi says the chipmaker's stock should rise after results, while another Wall Street voice warns it could fall even on a beat.
Citi expects Nvidia shares to trade higher after its upcoming earnings report, while a competing analysis argues the stock could drop even if the company beats estimates, because expectations have become too demanding.
The e-commerce giant is turning to equity markets for what would be one of the largest share placements in the city's history.
Alibaba is planning a Hong Kong share sale of $10.2 billion, up from an initial proposal of $10 billion, to fund artificial-intelligence investment.
The $5 billion convertible-note raise against a $1.4 billion revenue base lands as investors question whether AI infrastructure spending has outrun demand.
Nebius raised $5 billion in convertible notes against annual revenue of just $1.4 billion, a debt load equal to three and a half times its top line.
The power equipment maker's unfilled orders now exceed the annual economic output of many countries, fueled by AI-driven electricity demand.
GE Vernova's backlog has grown to $176 billion, driven largely by soaring energy demand tied to data center expansion.
Cloud giants are now outspending their own cloud revenue on data-center buildout just as Wall Street awaits Nvidia's next earnings report.
Major cloud companies are spending 102% of their cloud revenue on capital expenditures for AI infrastructure, a level flagged as unusual ahead of Nvidia's upcoming earnings.
Analysts are split on whether Nvidia's valuation is stretched or still cheap heading into its report.
Wall Street commentary ahead of Nvidia's upcoming earnings report is divided between arguments the stock is undervalued and warnings that the real test comes only after results land.
The search giant secured the right to buy Marvell shares as part of a custom silicon deal struck this summer, an unusual twist on a supplier contract.
Google negotiated warrants — the right to buy Marvell stock at a set price — as part of its deal to buy custom chips from Marvell, tying its own upside to Marvell's stock performance.
A broad chip-sector pullback hit Micron hardest, but analysts covering the stock say the drop looks overdone.
Micron shares fell 7% in a sector-wide semiconductor sell-off, prompting analysts to debate whether the drop is a buying opportunity.
The chipmaker is lining up one of the largest debt raises tied to the AI boom as custom silicon orders swell its backlog.
Broadcom is seeking up to $80 billion in debt financing to support an AI chip deal, one of the largest such raises tied to the current buildout of AI data centers.
Analysts point to widening spread risk in credit markets as a leading indicator that equity investors chasing AI names have yet to price in.
A growing gap between AI-linked equity enthusiasm and deteriorating credit market signals suggests risk is building beneath the surface of the AI trade.
The South Korean chipmaker also authorized 78.9 billion won for a supplier incentive fund as it faces pressure to share bumper AI-driven profits.
Samsung will return a record $80 billion to shareholders after profits surged on the AI boom, while also setting aside 78.9 billion won for suppliers.
Regulatory filings show the billionaire investor trimmed three of the market's best-known chip names in favor of other companies tied to AI buildout.
Stanley Druckenmiller sold his positions in Micron, Intel and Broadcom and redeployed into other AI infrastructure stocks, according to disclosed portfolio changes.
Stantec's record $9.2 billion backlog, EquipmentShare's 26% revenue growth and BBB Foods' 39% top-line expansion contrast sharply with Comscore's 11.3% revenue decline and Wolfspeed's restructuring, exposing a widening quality divide.
A heavy transcript session revealed a sharply two-tiered market: capital-project and value-retail names delivered record results, while advertising measurement, legacy semiconductors and small-cap software struggled with structural demand erosion.
The research house initiates on both hyperscalers with positive ratings, arguing cloud infrastructure demand and AI workload conversion remain underpriced relative to consensus capex anxiety.
Rosenblatt launched coverage of Alphabet and Amazon with buy ratings, citing cloud momentum and AI-driven growth. The dual initiation frames the megacap AI debate as a monetization story rather than a capital-spending overhang.
Fractile's valuation leaps to $6.5bn on an Anthropic chip deal, SpaceX explores acquiring coding startup Cognition, Bloom Energy cuts fuel-cell installation time 40%, and Coatue's Laffont piles into semiconductors — evidence the AI trade is broadening beyond the incumbent GPU complex.
A cluster of transactions and product news illustrates how AI capital is migrating outward from established GPU vendors into custom inference silicon, distributed power generation, autonomous mobility and developer tooling. The breadth is a bullish structural signal but raises the bar on valuation discipline, with leveraged semiconductor vehicles flagged as poorly compensated risk.
Semiconductor selloff decouples from rates narrative while cybersecurity leaders CrowdStrike and Palo Alto Networks extend declines, signalling broad de-risking in 2026's most crowded growth trades
Intel and AMD each fell roughly 4% and NVIDIA finished flat as the semiconductor complex sold off even as Treasury long-end pressure eased, breaking the rates-driven correlation that has governed tech leadership. CrowdStrike sank 7% despite a Truist price target increase to $245, with Palo Alto Networks off 5%, evidence that positioning — not discount rates — is now the dominant driver.
BofA calls the pullback a 'compelling opportunity' while sell-side analysts argue the GPU replacement cycle is lengthening, as Nebius taps markets for $4.5bn in convertibles to fund AI infrastructure buildout.
A cluster of constructive AI-complex research landed simultaneously: Nvidia upgraded to Strong Buy on GPU cycle elongation and valuation, BofA flagging a 'deep discount,' Rosenblatt reiterating Buy on Cerebras, and Northland upgrading Ciena on strong supplier datapoints. Nebius's $4.5bn convertible offering underscores that neocloud capex financing remains wide open despite equity market skittishness.
Memory maker to repurchase and cancel treasury shares in one of Asia's largest-ever shareholder return programs, signaling confidence in the AI-driven HBM supercycle
SK Hynix announced plans to buy back and cancel approximately $28–29 billion of treasury shares, a scale of capital return with few precedents in Asian technology. The move underscores management's confidence in sustained high-bandwidth memory demand and marks a structural shift in Korean corporate governance toward shareholder value.
A cluster of large Form 4 disposals — including a $5 million sale by Lumentum's CEO, $2.89 million by an EVP, $10.65 million at Corpay and $33.4 million of CoreWeave stock by Magnetar Financial — signals distribution into strength across AI-levered names.
Executives and early holders are monetising positions across the AI infrastructure and payments complex. Lumentum's CEO sold 5,438 shares for roughly $5 million after a strong twelve months, an EVP disposed of $2.89 million, Corpay's group president sold $10.65 million, and Magnetar Financial offloaded $33.4 million of CoreWeave. Meta's CFO acquired shares, with stock withheld for tax.