Meta boosts annual capex sharply on superintelligence push, shares jump

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ASML rides Nvidia’s coattails with lasers and huge chip ‘printers’

AMSTERDAM, Jan 27 (Reuters) – As artificial intelligence firms jostle for the Nvidia chips needed to power the AI boom, Dutch firm ASML has carved out a key niche in the supply chain: building the laser-using machines needed to print them.ASML, which counts Taiwan’s TSMC and Intel amongst its clients, makes t …

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Microsoft’s rising spending, slight cloud beat fan AI payoff worries

Its shares fell nearly 4% in extended trading. The company also reported that the contracted backlog in its cloud business more than doubled to $625 billion, which was more than the $523 billion rival Oracle posted in December.Â But roughly 45% of Microsoft’s backlog was driven by OpenAI alone, underscorin …

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Meta boosts annual capex sharply on superintelligence push, shares jump

Jan 28 (Reuters) – Instagram-owner Meta on Wednesday boosted its capital spending plans for the new year by 73% in the pursuit of “superintelligence,” an effort to offer deeply personalized artificial intelligence to its large social media user base.Meta shares jumped nearly 9% in extended trading. The compan …

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US megacap results to test market’s tech trade, profit optimism

NEW YORK, Jan 28 (Reuters) – Stakes are high for earnings reports from U.S. megacap companies this week, as investors seek proof that strong profit growth will lift stocks this year, including evidence that artificial-intelligence investments are paying off.Reports are due from Microsoft, Apple, Facebook pare …

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Breaking

Meta boosts annual capex sharply on superintelligence push, shares jump

💰 Why Elon just wrote a $51M check for a 90-cent material [sponsor]

ASML rides Nvidia’s coattails with lasers and huge chip ‘printers’

Microsoft’s rising spending, slight cloud beat fan AI payoff worries

Meta boosts annual capex sharply on superintelligence push, shares jump

US megacap results to test market’s tech trade, profit optimism

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