Qualcomm beats, but shares slip on light profit guidance and coming price rises
$10.4 billion in quarterly revenue, nearly 90% growth in automotive, and higher chip prices to offset rising production costs
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8 stories for “data center”
US voters say no to data centers: nearly every measure against them passed
Dozens of local data center questions were on the midterm ballot, and only one did not end in a win for opponents
Meta seeks at least $20 billion in bonds after a giant equity raise
According to Bloomberg, the company is preparing dollar and euro tranches of up to 38 years to fund its data center race
A power shortage for AI: data centers are running old aircraft jet engines
Connecting to the grid can take seven years, and AI companies won't wait. Boeing 747 engines converted into generators provide power within about two years, but spark a debate over pollution.
A record quarter for AMD: $13.4 billion in revenue, and data centers nearly doubled
The chipmaker's revenue grew 45%, and the data center segment jumped 97% to $8.5 billion. According to CEO Lisa Su, Anthropic, Meta, Microsoft, OpenAI and Oracle are already running workloads on its Helios systems. The stock jumped after hours.
The AI debt wave: Microsoft raised $25 billion in bonds, and Meta prepares a $20 billion offering
Tech giants, which sat on mountains of cash for years, are now turning to the debt market to fund data centers. Microsoft's offering drew $115 billion in orders.
Intel: its strongest data center growth in 15 years, but the stock fell 16%
Intel's revenue jumped 21% to $16.5 billion, and the data center segment grew 78%. A weak fourth-quarter forecast and a PC decline sank the stock.
AMD reports tonight: will AMD's GPUs start threatening Nvidia
Analysts expect revenue of about $13.1 billion, with the data center segment expected at about $6.6 billion. The big question: is demand for the company's MI350 AI chips starting to take off.