India Prime Minister Narendra Modi, left, with OpenAI CEO Sam Altman, center, and Anthropic CEO Dario Amodei at the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images Tech companies’ venture capital portfolios are making corporate profits look a lot stronger than they really are. Microsoft, Amazon…
CNBC’s Jim Cramer said on Monday that Amazon CEO Andy Jassy’s earnings call changed how Wall Street views massive artificial intelligence investments. “Until Jassy spoke, the market seemed highly skeptical of how these megacap tech companies were spending money,” the “Mad Money” host said. “That’s no longer the case.” For months, investors had questioned whether…
OpenAI CEO Sam Altman speaks with reporters following meetings on Capitol Hill, in Washington, June 3, 2026. Evelyn Hockstein | Reuters OpenAI is dominating the first visible wave of artificial intelligence spending inside Congress. The maker of ChatGPT accounted for roughly $9 out of every $10 spent on identifiable AI tools by House offices, committees…
For months, I have been after Amazon CEO Andy Jassy to give us “line of sight” into something that can explain why they’re is spending so much money building out all of these data centers. I wanted to know if this is just some sort of rainbow without a pot of gold, or whether there…
Travelers walk past an Alibaba Cloud advertisement at Shenzhen Bao’an International Airport in Shenzhen, China, on Tuesday, Oct. 7, 2025. Bloomberg | Bloomberg | Getty Images For much of the past several years, the debate over artificial intelligence has revolved around two foundational questions: Can American technology companies continue to innovate at the technological frontier?…
Following Microsoft’s (MSFT) Q4 earnings and record-setting appreciation ($450 billion in market capitalization gained in a single trading day!), the immediate binary event risk is officially behind us. Despite the surrounding noise regarding elevated AI capital expenditure, the fundamental engine of the business remains fully intact, presenting an exceptionally high-probability income trade: selling the August 21st weekly…
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while…
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
CEO of OpenAI Sam Altman (L) and U.S. President Donald Trump attend a working lunch with G7 leaders, G7 outreach partners, and global tech CEOs on innovation and AI, during the G7 Summit on June 17, 2026 in Evian-les-Bains, France. Anna Moneymaker | Getty Images When President Donald Trump signed his AI executive order in…
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings…
