Meta Spending Spree Recalls Metaverse Debacle That Crushed Stock
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors…
AMD’s Outlook Fails to Wow Investors After AI-Fueled Rally
Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to…
CEOs Express Optimism Over China Retail as Economic Downturn Nears End
Top executives at Western brands that do business in China are showing cautious optimism that consumer spending in…
Morgan Stanley CEO Says Asset Managers Want China Exposure
China remains a top draw for global asset managers as confidence returns, with investors acknowledging that the world’s…
Microsoft Signs $9.7 Billion AI Cloud Deal With IREN
Microsoft Corp. has signed an approximately $9.7 billion deal to purchase AI cloud capacity from IREN Ltd., becoming…
Abu Dhabi’s Adnoc Uses AI to Reduce Unplanned Shutdowns by Half
Abu Dhabi National Oil Co. has started to deploy artificial intelligence to vastly reduce sudden maintenance halts and…
Korea’s Kospi Extends Rally as AI Momentum Rises on Nvidia (NVDA) Ties
South Korea’s equity benchmark is building on its strongest monthly rally in over two decades, underscoring the market’s…
Private Credit’s Rising Pile of ‘Bad PIK’ Points to Default Woes
It was supposed to be a quick fix for a sudden problem in credit markets. Payment-in-kind debt, the…
Tokyo Electron Gives Cautious Outlook While Eyeing AI Capex Boom
Tokyo Electron Ltd. issued a cautious annual outlook, signaling that Beijing’s drive to build its own chip supply…
Nvidia (NVDA) Still Hopes to Sell Blackwell Chips to China, Huang Says
Nvidia Corp. Chief Executive Officer Jensen Huang still hopes to sell chips from the company’s Blackwell lineup to…
Meta Defies AI Spending Gloom With Its Record-Breaking Bond Sale
Meta Platforms Inc. found record-shattering demand for its bond sale on Thursday even as its shares plunged, in…
Musk’s Starlink Ties Up With UK’s VMO2 for Mobile ‘Not Spots’
Elon Musk’s Starlink struck its first UK telecom deal to bring satellite connectivity directly to customers’ phones. Customers…