Nvidia reported $81.61 billion in Q1 FY27 revenue, driven mainly by a 77% rise in compute and 199% jump in networking for AI data centers. Apple posted $109.4 billion in Q3 FY26 revenue, its strongest June quarter ever, with iPhone sales at $54.25 billion and services reaching $30.7 billion. Nvidia focuses on AI infrastructure expansion, while Apple leverages its large installed base and growing services. Nvidia guided Q2 FY27 revenue to $91 billion, and Apple expects 9%-11% growth next quarter amid supply constraints. Nvidia is favored for growth potential, Apple for stability.
Altimeter Capital's Brad Gerstner highlights SpaceX's massive $400 billion investment to build 10 GW of computing power next year, aiming to dominate the emerging superintelligence era. This scale could represent 25% of new U.S. compute capacity, fue...
Karman has enabled NexGen Cloud to increase AI compute capacity by 60% within the same power budget at its Montreal data center by using its AI-driven power orchestration platform. This technology allows 16 NVIDIA B300 servers to run within the power...
Billionaire hedge fund manager Ken Griffin calls the current AI investment surge a bubble due to speculative excess and uncertain future demand. Despite his warning, his firm Citadel holds about $8.6 billion in major AI-related stocks including Amazo...
The S&P 500 has risen 12.6% year-to-date, outperforming typical midterm election years, driven mainly by AI-related spending benefiting major tech firms like Nvidia, Microsoft, and Amazon. Despite a likely post-election rally, challenges such as a 5....
Nvidia CEO Jensen Huang told CNBC that he does not expect an oversupply of memory chips by 2029, countering recent market fears that have caused memory stocks to drop. Huang highlighted ongoing strong demand for memory, especially types like HBM and ...
