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 early. This deal, if finalized, would mark a new AI business line for Meta and help offset investor concerns over its heavy spending on AI data centers, which is expected to reach $145 billion this year. The talks are still in early stages and may not result in a deal.
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...
Capital Group Growth ETF (CGGR) focuses on concentrated megacap stocks like Meta, Tesla, Nvidia, and Broadcom with a low expense ratio of 0.39%. Despite strong performance from these holdings, CGGR returned about 11% over the past year, underperformi...
Tesla, SpaceX, and Meta are experiencing early pre-market declines due to geopolitical risks from the Middle East conflict and cautious investor sentiment ahead of earnings reports. Tesla is nearing a key support level at $383 before its earnings nex...
A recent survey of options trading in the S&P 500's most active stocks suggests the 'Magnificent Seven' tech giants—Meta, Microsoft, Amazon, Tesla, and AMD—may drive the index to new highs this earnings season. The analysis uses a metric called RiskD...
