China’s artificial intelligence race has no finish line. DeepSeek, Moonshot AI, Alibaba and even consumer electronics firm Xiaomi have all dropped new models in recent weeks, jostling for position on leaderboards. From native AI startups to platform giants, companies across the sector face growing pressure to innovate, expand their user base and find paths to…
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 15% after the report. Here’s how…
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…
Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC OMAHA, Nebraska — In his debut running Berkshire Hathaway‘s annual meeting, Greg Abel delivered what many shareholders came to see: a steady hand, a firm grasp of the sprawling conglomerate and just enough of…
Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over…
A potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten key data center projects, according to tech investor Jack Selby. Middle East investors — including sovereign wealth funds and government entities — account for roughly a quarter of global investments committed to…
Pedestrians at Pitt Street Mall in Sydney, Australia, on Thursday, July 24, 2025. Brendon Thorne | Bloomberg | Getty Images Markets in Australia and Japan mostly rose Friday, mirroring gains on Wall Street that saw both the S&P 500 and Nasdaq Composite reach new highs. This comes as investors took in strong earnings from Apple…
Microsoft shares edged up 2% on Wednesday after the software maker reported lower-than-expected capex even as earnings and revenue topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.27 adjusted vs. $4.06 expectedRevenue: $82.89 billion vs. $81.39 billion expected Microsoft’s revenue grew 18% year over year in the quarter,…
We do not have enough money coming into this market. The funds flow only to stocks tied to the data center buildout and a few others. Even the most tangential of the data center “stories,” such as the warehouse REITs and machinery stocks like Cummins and Dover, manage to sustain themselves if they have healthy…
Lip-Bu Tan, CEO of Intel Corp., departs following a meeting at the White House in Washington, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel reported first-quarter earnings Thursday that blew past Wall Street’s expectations, as the struggling chipmaker shows signs of a revival. Shares of the U.S. chipmaker jumped 19% in after-hours…
