Nvidia reported better-than-expected fiscal fourth-quarter results on Wednesday, driven by 75% revenue growth in its core data center business. The stock rose about 2% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $1.62 adjusted vs. $1.53 estimated Revenue: $68.13 billion vs. $66.21 billion estimated…
OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Feb. 3, 2025. Kim Kyung-hoon | Reuters Joshua Kushner’s Thrive Capital invested roughly $1 billion in OpenAI at a $285 billion valuation in December, a source confirmed Wednesday. It is a preferential deal for the venture capital firm that has long…
Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | Getty Images The head of Amazon’s artificial general intelligence lab is leaving the company less than two years after joining through a so-called acqui-hire deal of his startup Adept. David Luan announced…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026. Bloomberg | Bloomberg | Getty Images A week after Meta committed to using millions of Nvidia’s processors to power its AI expansion, the social media company…
The Anthropic logo displayed on the stage during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Photographer: Samyukta Lakshmi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Anthropic on Monday accused three Chinese AI enterprises of engaging in coordinated campaigns to extract information from its model, making it the latest…
The gravitational pull of Nvidia will dominate Wall Street this week — but the AI chipmaker’s earnings report won’t be the only thing that matters to our portfolio. We’ll also hear from Salesforce , a battleground position swept up in the software-stock carnage; two retailers in Home Depot and TJX Companies on the heels of…
The stock market staged a comeback last week, even as Wall Street waded through a flurry of both upbeat and unsettling headlines. The Nasdaq broke its five-week losing streak on Friday, buoyed by strong advances from our big tech names like Meta Platforms , Nvidia and Amazon . The tech-heavy index ended the week 1.9%…
Tech giants have committed to funneling hundreds of billions of dollars into Indian AI efforts, against the backdrop of a major summit in the country that’s brought together world leaders and AI execs. Record sums are being ploughed into AI as governments and companies across the globe race to roll out the technology. Hyperscalers —…
Tim Cook, chief executive officer of Apple Inc., during the 60th presidential inauguration in the rotunda of the US Capitol in Washington, DC, US, on Monday, Jan. 20, 2025. Bloomberg | Getty Images Apple’s tariff bill has racked up about $1 billion per quarter, but that number should start shrinking following the Supreme Court decision…
Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI is telling investors that it’s now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments. The artificial intelligence company is providing a…
