Top tech giants like Alphabet, Meta, Amazon, and Microsoft plan nearly $800 billion in AI data center spending by 2026, but analysts predict only about half of the announced capacity will be realized by 2030. This raises concerns of a repeat of the late-1990s fiber-optic overbuild, where massive investments led to overcapacity and write-downs. While demand for AI infrastructure is strong, rapid hardware obsolescence and high financing costs add risk to profitability. Investors are cautious as stock prices of these companies have declined recently, reflecting uncertainty about returns from this capital-intensive cycle.
Google has filed a lawsuit against Outsider Enterprise, an alleged Chinese cybercrime network using AI to send scam texts impersonating Google and other brands to steal passwords and credit card data. The group reportedly scammed hundreds of thousand...
SpaceX reported $4.9 billion in losses in 2025, driven mainly by its AI division, which includes the social media app X and xAI. Despite this, its Starlink satellite internet service generated $1.19 billion in operating profit in Q1 2026 and is expec...
Altimeter Capital, led by Brad Gerstner, fully exited its 519,290 shares in Alphabet in Q1 2026, shifting its investment to two new positions: 1.7 million shares in Arm Holdings and nearly 149,000 shares in Axon Enterprise. This move reflects a strat...
Google has filed a lawsuit against Outsider Enterprise, an alleged Chinese cybercrime network using AI to send scam texts impersonating Google and other brands. The group reportedly scammed hundreds of thousands of victims, causing losses estimated i...
The IPO market is seeing a shift from the traditional FAANG companies to a new group dubbed MANGOS, which includes Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Several of these companies are planning to go public soon, presenti...
