HSBC has upgraded Meta Platforms to a Buy rating, reflecting confidence in its new cloud computing strategy. Meta is negotiating a potential $10 billion deal to lease its computing infrastructure to AI research lab Anthropic, addressing the global hardware shortage for AI training. This move is part of Meta's broader plan to monetize excess cloud capacity, supported by a $145 billion investment in data centers this year. Meta's stock has risen 18% in July, outperforming the market, with strong technical indicators backing the upgrade.
In Q2 2026, artificial intelligence (AI) and related sectors like semiconductors and South Korean technology companies dominated investment themes, fueled by significant spending on AI infrastructure. The Roundhill Memory ETF (DRAM) was a standout pe...
TappAlpha launched the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), combining ten major US tech and growth stocks with a daily covered-call options strategy to generate monthly income. The fund includes big names like NVIDIA, Micro...
AMD will host its Advancing AI 2026 event in San Francisco, where Jefferies analysts expect the company to raise its AI CPU market estimate above $200 billion, surpassing Nvidia's figure. The event may also reveal details on AMD's next-gen MI500 GPUs...
Anthropic is in early discussions to lease computing power from Meta, potentially worth around $10 billion, as reported by the New York Times. This follows a recent deal with SpaceX to use its Colossus 1 data center capacity to support Anthropic's pa...
Meta is negotiating with AI startup Anthropic to rent computing power from its AI data centers in a deal that could reach $10 billion over two years. Anthropic proposed the deal in June and would pay Meta monthly, with both companies able to exit ear...
