Investor Steve Eisman highlights that the future revenue of tech giants like Microsoft, Amazon, Google, and Oracle heavily depends on AI startups OpenAI and Anthropic, which contribute 70% of their AI-related income and up to 35% of cloud revenue. Eisman warns that cheaper Chinese open-source AI models are gaining market share, potentially sparking a price war that could threaten these companies' earnings. This concern adds to broader skepticism about the AI boom's sustainability, with investors like Michael Burry betting against major AI beneficiaries, questioning the genuine end-customer demand behind the surge.
Bill Ackman, through Pershing Square, has re-entered Netflix with a new position of about 3 million shares, representing roughly 4.9% of his portfolio. This move marks a reversal from his 2022 exit when he sold at a loss after subscriber numbers disa...
Microsoft reported strong financial results for Q4 and the full fiscal year 2026, achieving 18% revenue growth and expanding its Azure cloud business past $100 billion with 41% growth. The company's AI monetization strategy is proving successful, wit...
Microsoft has closed at least 15 offices and joint ventures in China over five years, accelerating a partial retreat in 2026. The company is shifting hardware manufacturing out of China, closing physical retail stores, and cutting Azure cloud jobs am...
Goldman Sachs downgraded Advanced Micro Devices (AMD) to a Sell rating despite the company reporting record Q2 revenue of $11.54 billion, driven largely by its Data Center segment which accounts for 58% of sales. AMD projects strong Q3 revenue of $13...
Databricks secured $5 billion in a strategic funding round, raising its valuation to $190 billion from $134 billion earlier this year. The funds will support development of its AI-focused products like the serverless Postgres database Lakebase, AI co...
