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#AI capex

Articles tagged AI capex.

OpenAI Ruled Out a 2026 IPO, and Chip Stocks Fell 5.9% on the Slowdown Talk
Markets & Money

OpenAI Ruled Out a 2026 IPO, and Chip Stocks Fell 5.9% on the Slowdown Talk

Sam Altman told Fortune on September 12 that going public this year would be "ill-advised" given safety concerns. After Altman and Elon Musk backed Dario Amodei's call to pace frontier AI, the Philadelphia Semiconductor Index fell about 5.9% on Monday. Anthropic is still targeting an October listing.

Sam Whitaker
Nvidia Beat at $96.2B and Guided to $108B. The Stock Added $442B in a Day.
Big Tech

Nvidia Beat at $96.2B and Guided to $108B. The Stock Added $442B in a Day.

Nvidia reported Q2 FY2027 revenue of $96.22 billion against $92.07 billion consensus, with Data Center up 117% to $89.02 billion. It guided Q3 to $108 billion and said revenue should grow about 70% next fiscal year.

Sam Whitaker
SpaceX Grew Revenue 92% in Its First Public Quarter. AI Spending Ate the Result.
Markets & Money

SpaceX Grew Revenue 92% in Its First Public Quarter. AI Spending Ate the Result.

SpaceX reported $7.8 billion in Q2 revenue, up 92%, in its first quarter as a public company. AI infrastructure spending doubled to $15.8 billion, the AI segment lost $1.26 billion, and the stock is down 24% since its debut.

Sam Whitaker
Big Tech Earnings Split: Microsoft Rewarded for AI Capex, Meta Punished for It
Big Tech

Big Tech Earnings Split: Microsoft Rewarded for AI Capex, Meta Punished for It

On the same evening, Microsoft jumped about 8% as Azure grew 43% and crossed $100 billion in annual revenue, while Meta fell 7% after an EPS miss and a raised capex floor. The market is sorting AI spenders by whether the revenue shows.

Sam Whitaker
Meta Began Cutting 8,000 Roles. The AI Capex Bill Is Coming Due in Headcount.
Big Tech

Meta Began Cutting 8,000 Roles. The AI Capex Bill Is Coming Due in Headcount.

Meta started the first wave of a planned 10% workforce reduction: about 8,000 roles. The cuts arrive alongside the company's $125-145B 2026 AI capex commitment.

Sam Whitaker
Big Tech's Q1 Split the Magnificent Seven Down the Middle
Big Tech

Big Tech's Q1 Split the Magnificent Seven Down the Middle

Microsoft, Amazon, and Alphabet beat. Meta tumbled 8%. The dividing line was who is getting paid for the AI capex and who is still funding it.

Sam Whitaker