Two days after the midterms, SpaceX and SK hynix closed below their IPO prices. On election day, both had closed above. On Thursday the Nasdaq fell 5.5%; Cerebras ended 56% below its own. Capital Economics cites concern that Democrats “will … Continued
Texas, Ohio and Georgia elected governors who campaigned on pausing or limiting new data centers. Microsoft’s shares rose 6.7% and Amazon’s 6.1%. Companies that build, power or equip new ones fell: power producer Vistra 13.8%, AI cloud CoreWeave 9.9%, turbine … Continued
Its shares cost about 19 times next year’s expected profit. By Bank of America’s count, that price values Search at about 10 times. On CNBC, D.A. Davidson’s Gil Luria argued Google Cloud alone could fetch 30 to 40 times: its … Continued
Is AI spending peaking? Not in its suppliers’ latest numbers. Of eight big AI suppliers, from chips to cooling, five are growing faster than a year ago: Nvidia, Broadcom, Micron, Arista and Vertiv. TSMC held steady at 41% growth; Marvell … Continued
ASML says its planned supply of chip-making machines won’t fully meet demand in 2027 or 2028. Gas turbines on order or reserved at GE Vernova nearly doubled in a year, to 122 gigawatts, and customers have paid power and cooling … Continued
The AI boom has revived a dotcom-era tactic: suppliers backing the customers who buy from them. In September 2000, Lucent had promised $8.1B of loans and guarantees to the carriers buying its gear: 24% of a year’s sales. Nvidia has … Continued
Anthropic’s IPO filing details $637B of computing deals. The fine print matters more than the total. Anthropic must pay Google, Amazon, Microsoft and Broadcom $431B whether or not it uses the capacity. SpaceX, Nscale and Lambda get $206B only as … Continued
Do interest rates matter to the AI boom? “I believe they do,” Fed Chair Kevin Warsh said on 28 October. Since the Fed’s September hike, he said, investors have grown “somewhat more discerning.” In mid-October they wanted 15–16% a year … Continued
Google Cloud grew 103%. AWS grew 39%. Investors sold both. Alphabet’s shares fell more than 12% on 29 October; Amazon’s dropped more than 6% after its results. The cloud boom has a bill: each more than doubled its quarterly spending … Continued
AI now forecasts about as well as the best human forecasters. ForecastBench, run by the Forecasting Research Institute, scores predictions about real-world events. As of 24 October, six AI entries rank above its superforecasters, an elite panel of human forecasters, … Continued