Markets
142 analyses
The consultancy projected on Monday that global spending on AI-optimized infrastructure will nearly double by 2026, reaching $66 billion in 2027. For the first time, inference surpasses training.
Intel priced the offering at $95 per share and increased the size from $15 billion to $20 billion. The book of orders surpassed $100 billion, according to Bloomberg.
Chinese humanoid robot manufacturer sets the offering at 150.80 yuan per share, valuation of $9.04 billion, becoming the first domestic listing in the segment in Shanghai, with a strategic portfolio that combines Chinese big tech and the current AI lab.
The British bank reported $10.1 billion in pre-tax profit in the second quarter, raised its cost-saving target to $2 billion by 2027, and resumed share buybacks after a pause related to the acquisition of Hang Seng.
The maker of Foundry and AIP closed the second quarter with $1.94 billion in revenue, $764 million from U.S. commercial, and raised annual guidance to $8.16 billion after Alex Karp described demand as otherworldly.
Series E tripled valuation in just over a year. Round is led by NightDragon and NEA and prepares expansion into Singapore and Australia, with AI-vs-AI as the sales narrative.
Chip division earned more than the sum of the last three years combined. Adding SK Hynix, the Korean duopoly posted $104 billion in operating profit in one quarter and warns that supply will remain tight.
Revenue grew 28% and surpassed consensus, but the EPS of $6.18 fell short of the projected $7.22. Susan Li increased the 2026 capex range to $130 billion to $145 billion.
Alphabet's stock dropped over 7% after the company raised its 2026 capex guidance to $205 billion and reported negative free cash flow for the first time since its IPO. The SOX index fell 17% in July, the worst month since 2022.
According to the Wall Street Journal, Nvidia is negotiating to secure up to $250 billion in financing for OpenAI to lease a 10 GW project in Piketon, Ohio, built by SB Energy, a SoftBank company. Combined with the chip contract, the campus exceeds $500 billion.
With three bond portfolios linked to AI infrastructure, Goldman Sachs is creating the first standardized instrument for trading AI capex debt in bulk. The securities pay a spread of 52 basis points above the general high yield index.
The French group pays $1.8 billion upfront plus $200 million tied to AI revenue targets, consolidating global pharmacovigilance under a platform that already covers molecular design and clinical trials.