30 articles tagged
Oracle and OpenAI have canceled plans for a major AI data center expansion in Texas, opening the door for Meta and Nvidia to enter into new negotiations.
Broadcom's stock plunged 11.4%, wiping out $220 billion in value and sparking a tech sell-off over concerns that high-cost AI chip orders are squeezing profits.
Oracle's market value plunged by over $70 billion after the tech giant reported slower-than-expected growth and announced a massive increase in AI spending.
Oracle's market value has fallen by approximately $60 billion since it announced a major cloud infrastructure partnership with OpenAI, signaling investor concern.
Investor Michael Burry accuses major tech companies like Oracle and Meta of inflating profits by manipulating depreciation expenses for AI chips and servers, potentially overstating earnings by billio
Credit traders are buying protection against Oracle's debt default as the tech giant pours billions into AI infrastructure. Morgan Stanley expects Oracle's net adjusted debt to more than double to $29
OpenAI has forged multi-trillion-dollar deals for chips and infrastructure, largely bypassing external advisers. CEO Sam Altman and a small internal team, including President Greg Brockman and CFO Sar
A record-breaking $38 billion debt sale is being prepared to fund new AI data centers in Texas and Wisconsin linked to Oracle Corp, marking a new high for AI infrastructure investment.
Nvidia's stock gained ground on Friday, driven by strong optimism in AI hardware demand, even as the company faces a halt in sales to China amid trade tensions.
Arista Networks' stock dropped for a second day after competitor Nvidia announced it will supply AI networking chips to Meta and Oracle, two key customers.
Oracle Corp. will purchase 50,000 of AMD's upcoming MI450 AI chips for its data centers, with deployment scheduled to begin in the third quarter of 2026.
Major AI companies like Nvidia, OpenAI, and Oracle are engaged in massive, circular financial deals, raising concerns about a potential market bubble.
