The giants, the markets and the big money. With Itai Rosen, Global Tech Correspondent.
Investors will look for an answer to one question: is the enormous AI spending already producing revenue. Microsoft will show Azure revenue in dollars for the first time, and Google is expected to report about $128 billion in revenue.
Nvidia will buy $3 billion of stock and AMD $1 billion, as part of a $25 billion offering that was about five times oversubscribed. Meta is also expanding its use of Vera Rubin chips.
The Korean memory chipmaker reported operating profit of 83 trillion won and an 80% margin, and said its output is almost sold out through 2029. Its shares jumped 8%.
About $480 billion of market value has been wiped from Shanghai's index of chip and AI companies. State funds are stepping in to buy, and analysts are split on whether it is an opportunity or just the beginning.
GM will move its shares from the New York Stock Exchange to the tech-heavy exchange in November, a step that makes it eligible to join the Nasdaq-100 alongside the tech giants.
The three companies, which plan to spend up to $600 billion this year on infrastructure, report results in the coming days. Against a market selloff and rising financing costs, investors want proof the money is coming back.
According to a filing with the US Securities and Exchange Commission, Elon Musk's company will lease Nvidia Vera Rubin chips from an entity managed by Apollo. It is one of the largest compute financing deals signed to date.
Enthusiasm over Anthropic's IPO filing keeps pushing chip stocks higher, and Bank of America expects memory to stay tight in 2027 and 2028. This week: earnings from SK Hynix and SanDisk.
The software giant is cutting costs amid enormous AI spending. The offer applies to employees in the US, Canada, the UK and India, who must decide by early December. In Israel, about 50 Copilot Studio employees were called to pre-dismissal hearings.
After its first quarter of negative free cash flow in more than a decade, the social media giant turns to the capital markets. Nvidia, AMD and Broadcom signal interest in taking part.
