Fidelity is steering away from bonds issued by major tech companies like Amazon, Alphabet, Meta, Microsoft, and Oracle, which are raising hundreds of billions to fund AI infrastructure. Despite strong credit ratings, these bonds offer minimal yield premiums over U.S. Treasurys, providing little compensation for risk. The surge in bond supply tied to AI build-out raises concerns about potential downgrades and price drops. Instead, Fidelity favors higher-yield Treasurys and niche fixed income sectors where value is more apparent.
Amazon and Nvidia announced a major expansion of their partnership, with Amazon agreeing to add 2 million Nvidia GPUs to its AWS data centers in 2027 and 2028. This deal follows a previous agreement to deploy over 1 million GPUs starting this year, d...
Nvidia reported quarterly revenue that more than doubled, driven by strong demand for its AI chips, and forecasted third-quarter revenue above Wall Street estimates. The company expects about 70% revenue growth by fiscal 2028 and announced expanding ...
Anthropic has secured a $45 billion, six-year deal to rent AI computing power from British startup Nscale, utilizing Nvidia's cutting-edge Vera Rubin chip system. This deal, starting in late 2027, adds to Anthropic's aggressive expansion of compute c...
Amazon's AWS segment showed impressive growth in 2Q26, with operating income up 63% and revenue up 37% year-over-year, fueled by strong AI and chip businesses. Management projects AWS revenue could eventually reach $1 trillion, supported by the fact ...
Amazon.com, Inc. reported its largest quarter ever in Q2 2026, achieving $200.6 billion in sales and a 43% increase in operating income. The growth was mainly driven by Amazon Web Services (AWS) and advertising, with AWS contributing 21% of total rev...
