Advanced Micro Devices (AMD) surged 7% on Wednesday after unveiling an ambitious plan to reach $100 billion in annual data-center revenue, signaling its intent to challenge Nvidia’s dominance in the booming AI chip market. The rally could add more than $26 billion to AMD’s market value, following its first analyst day in three years, where...
Canada’s S&P/TSX Composite Index hovered near 30,306 points on Tuesday, with energy gains offset by weakness in technology stocks, as investors paused after Monday’s rally. Monday’s optimism — driven by higher commodity prices and news that the U.S. Senate passed a bill ending the historic government shutdown — quickly faded as traders looked for the...
Asian equities saw sharp foreign outflows exceeding $10.18 billion in the first week of November, as investors booked profits and grew cautious about lofty AI-driven tech valuations and the sustainability of recent market highs, according to LSEG data. This marks a major reversal from the $2.28 billion in net inflows recorded in October. 🔹 Regional...
SoftBank Group (TYO: 9984) has sold its entire $5.8 billion stake in Nvidia, triggering new debate over whether the AI frenzy has peaked. The move comes as CEO Masayoshi Son doubles down on his “all-in AI strategy,” reallocating capital toward: 🔹 Investor Jitters Rising “The sale timing suggests Son believes the AI rally — up...
SoftBank Group (TYO: 9984) reported a stunning 2.5 trillion yen ($16.6 billion) quarterly profit — more than double last year’s figure — as Masayoshi Son’s bold bet on OpenAI delivered major valuation gains. The surge marks SoftBank’s best quarter since 2022, reinforcing its position at the center of the global AI investment wave. 🔹 Key...
Microsoft (NASDAQ: MSFT) announced plans to invest $10 billion in a new artificial intelligence data hub in Sines, Portugal, positioning the country as one of Europe’s leading AI infrastructure hubs. The project — developed in partnership with Start Campus, Nscale, and NVIDIA — will deploy 12,600 next-generation NVIDIA GPUs, marking one of Europe’s largest AI...