SpaceX Stock Closes Up 19% in Trading Debut, Making Musk the First Trillionaire
The first trades crossed at 9:30 a.m., and by the closing bell the tape told a story four years in the making. SpaceX, the rocket company Elon Musk built from…
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…
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…
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…
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…
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…
Nvidia’s Margin and Its $5 Billion Bet on a Rival
Two numbers from Nvidia describe the AI chip market better than any earnings call. The company’s gross margin reached 74.9% in its latest quarter, and it announced a $5 billion…
Google Finishes an $85 Billion Equity Raise for Its AI Buildout
Alphabet has completed the largest equity offering in its history, raising roughly $85 billion to fund the data centers, chips and power that its AI push requires. The capital is…
Intel’s Rally Runs on 18A, Apple and a Turnaround Narrative
Fourteen months ago, Intel’s stock traded near $11 and the company’s future was the subject of an open debate about whether it would survive as a chip designer, a foundry…
Amazon Lines Up $31.5 Billion in Two Days for Its AI Buildout
Amazon’s balance sheet is now part of its AI strategy. In the space of 48 hours this month, the company arranged roughly $31.5 billion in new financing: a $17.5 billion…
