AMD’s Revenue Jumps 38% as Its AI Chips Close the Gap
Advanced Micro Devices reported first-quarter revenue of $10.25 billion, up 37.85% from a year earlier, the fastest growth in years, as its AI accelerators and server processors found buyers across…
Broadcom’s $120 Billion Seat at the AI Financing Table
Broadcom makes the networking chips that move data inside AI data centers. Increasingly, it also helps pay for the data centers themselves. The company has participated in financing for artificial…
Meta Weighs a Stock Sale to Fund Its AI Push
Meta Platforms is considering raising tens of billions of dollars through a stock offering to help finance its artificial intelligence buildout, according to people familiar with the discussions. The talks…
The SpaceX IPO Left Some Investors Waiting in the Dark
On the morning of June 12, as SpaceX shares opened 29% above their offer price on Nasdaq, an investor who had wired money into a SpaceX special purpose vehicle in…
BofA Sees the Server CPU Market Quintuple by 2030
The computer chip that the AI boom was supposed to make irrelevant is having a comeback, and Bank of America has put a number on it. The server CPU market…
SpaceX Prices IPO at $135 a Share, Raising About $75 Billion
Late Wednesday, the order book for SpaceX’s initial public offering had swelled past $250 billion, roughly three times the shares on offer. The company priced the deal at $135 a…
Apple’s ‘Rebuilt’ Siri Runs on Google’s Gemini
On the stage at Apple’s developer conference this week, a demo showed Siri summarizing a messy email thread, booking a table and layering photos into a trip itinerary. Tim Cook,…
OpenAI Weighs Deep Cuts to Token Prices as AI Price War Spreads
Inside OpenAI, the pricing spreadsheet has become a subject of near-daily debate. Executives are weighing steep cuts to the price of tokens, the units of text the company’s models process,…
Ex-xAI Engineer Sues, Claiming He Was Fired Over Grok Safety Warnings
The lawsuit landed in California state court the same morning SpaceX set the price for its initial public offering, a timing choice that was deliberate, according to a person familiar…
JPMorgan’s AI Agents Now Work for an Hour Straight
The market briefing arrives before the coffee. Every morning, bankers in JPMorgan Chase’s private bank open dashboards assembled overnight: AI agents that spent the dark hours screening earnings releases, rate…
