Nvidia Says Its Cloud Customers Are Sitting on a $2 Trillion Backlog -- Here's What Nvidia's Cut Is Worth by 2028
This news may positively affect Nvidia (NVDA) by reinforcing evidence of strong demand for its AI chips, which …
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Microsoft's stock has been stagnant since July, but upcoming cloud-computing earnings and AI investments are expected to boost the company's performance, potentially aligning it with other tech leaders.
Wall Street experienced a decline as major indexes fell due to fears surrounding an AI bubble and rising inflation.
Alphabet's TPU chips have contributed to the company's 31% fourth-quarter stock rally, driven by their success in accelerating growth for the cloud-computing business.
U.S.
Stocks like Merck, Elanco, Myriad Genetics, Neogen, and Cigna are experiencing a surge due to a sector rotation, as investors shift from growth-oriented tech stocks to value-oriented names amid valuation concerns.
The Dow Jones Industrial Average rose 600 points as Treasury yields declined, while Nvidia's stock rallied following its partnership announcement with Hugging Face.
Western Digital's SanDisk division reported that data center revenue reached $2.98 billion in a single quarter, accounting for one-third of total revenue, driven by multiyear contracts.
Snowflake's stock price rose 22% following the release of its results and reported momentum in AI-driven coding adoption.
Wren House Infrastructure Management is close to acquiring GIC Pte's stake in a European data center joint venture, indicating ongoing consolidation in the data center sector.
MongoDB shares declined following an earnings report where the company delivered strong overall results but saw its Atlas multi-cloud database revenue growth remain flat for the fifth consecutive quarter.
MongoDB reported results that met expectations ('beat and raise') but the stock declined, suggesting market disappointment with the magnitude of growth or guidance.
Anthropic, an AI lab, has signed a large-scale cloud computing agreement with Nvidia-backed infrastructure, signaling intensifying competition in AI compute resources.
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