The past two weeks have given us one of the more surreal spectacles in the short history of AI deals. Nvidia, AMD, OpenAI and Oracle all lined up to throw billions of dollars at each other – almost in perfect synchrony. Here’s how it works (I think)…
Read MoreThink about the largest projects in the world – nuclear reactors, mega dams, oil pipelines. Now multiply them. That’s the scale of what OpenAI and Nvidia just announced on Monday. The two companies signed a letter of intent for a strategic partnership to build at least 10 gigawatts of AI infrastructure – with Nvidia investing up to $100 billion as the systems roll out. To put it in perspective: This is the largest AI infrastructure project ever attempted.
Read MoreIf you’ve been following Intel (INTC), you know the past few years have been painful. Layoffs. Dividend cuts. Missed targets. A CEO swap. Wall Street had nearly written the company off as yesterday’s tech giant. But on Thursday, everything changed.
Read MoreIf you’ve felt like the US stock market has been carried on the shoulders of just a few giant companies, you’re not wrong. It’s kind of like watching a relay race where only a handful of runners are sprinting, while the rest are jogging in place. And the question many investors are asking is: how long can this go on?
Read MoreLast week, Alphabet (GOOGL) scored a landmark courtroom victory that will be remembered as one of the defining antitrust rulings of the decade. For months, Wall Street had been bracing for the worst: a forced breakup of Google’s empire. The US Justice Department painted the company as the “monopolist of monopolists”, arguing that its default search contracts, Chrome browser dominance, and Android stranglehold made it impossible for rivals to compete.
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