For October, the S&P 500 is up 2%, the Nasdaq has advanced 4.1%, and the Dow has added 2.4%, setting it up for its sixth consecutive monthly gain, the longest streak since 2018.
Amazon is up 13% after crushing expectations. Apple is climbing 2% after reporting solid results. NVIDIA jumped 2% on news of ...
Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn to borrowing to finance the expensive race ...
BofA’s Hartnett Sees Gold, China Stocks As Best AI Boom Hedges Chinese stocks and gold are the best hedges against a boom in the artificial intelligence trade that has pushed valuations to elevated ...
That structure allows Meta to build its data center without putting the full $27 billion of debt on its own balance sheet.
The problem crystallized when Evercore ISI’s Mark Mahaney confessed Thursday on a Bloomberg podcast that he's "not super ...
Silicon Valley’s mega AI spending spree isn’t slowing down anytime soon. But Wall Street’s patience to see a return might be wearing a little thin.
A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence ...
And Meta, wasn’t it just a glorified advertising site? Well, they embraced AI like none other, spending a fortune… Now, the one that is trickiest is Meta.
And so, poorly-received reports from Meta (META) and Microsoft (MSFT) saw the wider market retreat sharply on Thursday, while positivity over Amazon.com (AMZN) and Apple (AAPL) results are pushing ...
Meta has let go of nearly 600 employees from its legacy AI divisions, with the company seemingly focusing on its Meta Superintelligence Labs efforts.
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Meta to sell $30B in bonds to build AI datacenters
Zuckcorp will gladly pay you in 2065 for the eyewatering sums it is borrowing today Even the world's richest companies need ...
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