Dell Technologies Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Aug. 12, 2026. Michael Nagle | Bloomberg | Getty Images Dell Technologies stock rose 12% on Friday after RBC Capital Markets initiated coverage of the computer maker and gave it an outperform rating and a…
The public opposition to artificial intelligence and data centers is front and center at the Goldman Sachs Communcacopia + Technology Conference. CoreWeave CEO Mike Intrator told CNBC’s David Faber that companies haven’t explained the technology’s benefits well enough to the public. “I don’t think we have done a particularly good job of talking about the…
At a July protest against data centers in Lubbock, Texas, state Agriculture Commissioner Sid Miller took the microphone to share his concerns about data center land grabs in his home state. But what he said could apply to what’s happening in dozens of states across the U.S. “When [data centers] first started popping up, nobody…
Nvidia has become one of the world’s largest strategic tech backers as the value of its equity investments soared more than tenfold in the past year to $99 billion, with the chip giant increasingly looking to leverage its huge capital reserves to bolster the AI sector. The company has ramped up dealmaking for financing rounds…
This week’s impressive earnings results showed that the AI buildout is not a zero-sum game: both hardware and software stocks can win. The tech-heavy Nasdaq Composite and the S & P 500 gained 0.9% and 0.5%, respectively, while the blue-chip Dow Jones Industrial Average added 0.5%, marking its first winning week in three. Much of…
Nvidia shares rose on Thursday after the chip giant’s revenue guidance reassured investors that AI demand will remain strong. Shares were last up 7.2% in premarket trading. Investor bullishness suggests Nvidia could buck the trend of its stock dropping the day after reporting earnings in all of the previous four quarters, despite meeting or beating…
Leopold Aschenbrenner Photo: Josh Edelson The Securities and Exchange Commission has reportedly subpoenaed several major Wall Street lenders to glean more information about their role in the near-collapse of AI-focused hedge fund Situational Awareness. Regulators are seeking insights into Situational Awareness’s trades, use of leverage and communications with the investment banks, which include Goldman Sachs,…
So many things have never happened before. That’s what’s so amazing about this market. Everywhere we turn, we see changes made that aren’t believed and yet are totally true. Take, for example, the following unbelievable year-to-date performances: SanDisk up 496%, Seagate up 238%, Club name Micron up 208%, and Western Digital up 171%. All four…
No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week. The S & P 500 and Nasdaq both dropped modestly Friday but managed to post their third straight winning weeks. The S & P 500 rose above 7,800 during Thursday’s session for the…
Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Nvidia disclosed on Friday that its stake in Elon Musk’s SpaceX was…
