Meta Platforms shares dropped 10% following a second-quarter earnings report that missed Wall Street consensus estimates and delivered weaker-than-expected third-quarter revenue guidance, according to financial disclosures released after the market closed. Mark Zuckerberg is driving a massive capital expenditure push into artificial intelligence infrastructure, lifting projected 2026 spending to a range of $130 billion to … Read more
Berkshire Hathaway has built a position in Alphabet exceeding $30 billion, following a strategic private share offering orchestrated by CEO Greg Abel. This investment marks a significant shift for the conglomerate, which has historically avoided tech-heavy portfolios, signaling confidence in Google’s advertising dominance and the integration of Gemini AI across its core digital platforms. Why … Read more
Advanced Micro Devices (AMD) and Intel are currently competing for dominance in the data center and artificial intelligence (AI) chip markets, with AMD offering stronger current growth metrics while Intel pursues an aggressive turnaround strategy. While Intel’s stock has surged over 500% in the past year, AMD’s 300% gain accompanies higher profitability and lower valuation … Read more
Alphabet has reportedly ordered 3 million Tensor Processing Units (TPUs) from Intel for delivery through 2028 to diversify its AI chip supply chain. This move shifts Google away from its exclusive reliance on Taiwan Semiconductor Manufacturing (TSMC) as the massive demand for artificial intelligence hardware threatens to outpace current manufacturing capacity. Why is Alphabet shifting … Read more