Amazon plans to build a data center in Pecos County, Texas, powered by an on-site natural gas plant permitted to emit 33 million tons of CO2 annually, potentially making it the largest climate polluter in the U.S. This move raises concerns as Amazon's carbon emissions rose 16% last year, despite its pledge to eliminate emissions by 2040. The company claims the new power source won't increase electricity costs for Texas families and maintains its climate commitment, though critics worry about the environmental impact of supporting energy-hungry data centers with fossil fuels.
Alphabet's shares fell more than 10% in premarket trading after missing earnings and revenue forecasts, with AI chat tools eating into Google's Search revenue for the second consecutive quarter. This is concerning as Search is a key high-margin busin...
Microsoft reported strong cloud growth with Azure revenue up 48% and a commercial backlog of $677 billion, signaling robust demand for its cloud and AI services like Copilot. Despite this, its stock underperforms the S&P 500, partly due to a heavy $1...
Alphabet's shares fell 10% after missing earnings expectations and signaling increased AI-related spending without a clear payoff timeline. Despite Google Cloud's 103% growth, Alphabet's heavy capital expenditure and negative free cash flow alarmed i...
The Federal Reserve is expected to raise interest rates in December, though it held rates steady at 3.75%-4.00% recently. Despite this, equities remain resilient due to strong economic growth and robust earnings from major tech companies like Microso...
Anthropic's S-1 filing highlights robust demand for AI technology, strong unit economics, and adjusted profitability, reinforcing confidence in AI investments. Inflation remains a key risk, potentially impacting valuations and financing for smaller A...
