Markets
70 analyses
The search giant has raised its 2026 CapEx target to up to $205 billion and has acknowledged that it will rely on third-party capacity until its own construction meets cloud demand, which has grown by 82% in the quarter.
Google Cloud grows 82% and operational margin triples to 35.6%, but the market reacts by cutting 5% off the stock after the company revised its 2026 capex for the third time this year.
Fortinet will co-develop the Security Processor 6 with Intel using the Intel 4 process, marking the first public victory for the foundry under the new CEO. The announcement was made on Tuesday and repositions Intel against TSMC.
Private equity firm secures a majority agreement with South Korean Futronic, a motion control supplier for automotive OEMs and industrial robots. Founder Jin-ho Ko remains at the helm.
15-year contract with the same investment-grade client doubles footprint to 704 MW and brings the campus's contracted value to $19.6 billion, $50.2 billion with renewals.
Chinese startup aims for a valuation between $20 billion and $30 billion. ARR reached $300 million in June. Kimi K3 removed 2.8 trillion open parameters from the market and reshuffled the bar for Western hyperscalers.
Revenue of $40.2 billion grows 33.7% in dollars, gross margin reaches 67.7%, and capex increases to up to $64 billion. C.C. Wei discusses a new AI industry.
With €9.3 billion in revenue in Q2 and gross margin above the top end, ASML raised its 2026 guidance to €43-45 billion and indicated that AI capex has not yet peaked.
Dimon detailed the cuts in the Q2 conference call. Solomon from Goldman went on air saying that productivity does not need to reduce headcount. The question of who pays remains open.
Krishna stated that customers have been reallocating capex in the last weeks of June. ServiceNow fell 6.4%, Workday 9.2%, and Accenture 3.7%. It is SaaS paying the price for the GPU rush.
Demand exceeded allocation. Goldman, JPMorgan, and the Canadian pension fund joined Lightspeed and General Catalyst. Europe now has an asset comparable to Palantir and Anduril.
TCS opened the Indian season with revenue rising 13.9% and SKF as its marquee AI client, but operational margin fell 130 basis points and the U.S. market contracted sequentially.