Defiance introduced the AI Hyperscale Leaders ETF (AIHY) on July 21, targeting companies that derive at least 50% of their revenue or assets from AI development and are scaling profitability, not just riding the AI hype. The fund holds 10-50 companies, with Amazon as the largest holding due to its AWS business investing heavily in AI infrastructure. This ETF emphasizes firms with positive revenue growth and gross margins amid rising capital expenditures in AI infrastructure, which UBS projects to increase from $637 billion in 2026 to $843 billion in 2027. Investors are watching closely to see if these companies can sustain free cash flow while expanding AI investments.
Warner Bros Discovery has filed a lawsuit against Amazon accusing it of illegally recruiting employees who are still under contract, including HBO Max marketing executive Pia Barlow. The lawsuit claims Amazon induced employees to breach their term ag...
Yields on bonds climbed this week after Alphabet increased its capital expenditure forecast for AI development, sparking fears that other major tech companies like Amazon and Meta will follow. Fixed-income investors are demanding higher credit spread...
Shares of major tech companies, including Alphabet and Tesla, dropped sharply after both announced increased capital expenditures focused on AI infrastructure. Alphabet plans to spend $200 billion this year, up from $190 billion, aiming to enhance AI...
Leading AI-focused tech giants like Alphabet, Meta, Amazon, Oracle, and Microsoft have seen their stock prices decline since April 2023, with Oracle dropping over 31%. The main reason is soaring capital expenditure (capex) on AI development, which is...
President Donald Trump announced a trade investigation into the European Union following the EU's $1 billion fine on Google for allegedly prioritizing its own services. The probe aims to cancel these hefty fines against US tech giants and could lead ...
