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Bloomberg54d agoneutral
Amazon Pledges Additional $13 Billion in India AI Outlays

(Bloomberg) -- Amazon.com Inc. added $13 billion to its planned India investments, accelerating its buildout of artificial intelligence and cloud infrastructure in the world’s most populous country.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 M

Amazon to invest additional $13 billion in India cloud, AI
Reuters54d agoneutral
Amazon to invest additional $13 billion in India cloud, AI

Amazon said on Thursday it will invest an additional $13 billion by ‌2030 in India to expand its AI ‌and cloud infrastructure. The new investment is in addition to ​its planned $35 billion funding announced last year, taking the e-commerce firm's investment in the country to $48 billion through 2030. The announcement follows a meeting ‌between Amazon ⁠CEO Andy Jassy and Indian Prime Minister Narendra Modi on Thursday in ⁠New Delhi.

Stretched Tech Valuations Raise Questions on Capex, BofA Says
Bloomberg54d agoneutralVIDEO
Stretched Tech Valuations Raise Questions on Capex, BofA Says

Sebastian Raedler, head of European equity strategy at Bank of America, discusses his concern that the tech rally is overdone after US chipmaker Micron gained on a blockbuster sales forecast. "Who is going to pay for this capital expenditure that is basically fueling the Micron demand," Raedler asks during an interview on Bloomberg Television.

Morning Bid: Micron puts chips back on the table
Reuters55d agoneutral
Morning Bid: Micron puts chips back on the table

A look at the day ahead in European and global markets from Ankur Banerjee High-stakes earnings from Micron more than delivered by outlining strong demand for its memory chips and that was enough to

Bloomberg55d agoneutral
Bitcoin’s Woes Could Be Compounded by $10 Billion Options Expiry

(Bloomberg) -- Bitcoin is facing a massive options expiry that could put more pressure on a market already struggling with fading institutional demand and macroeconomic headwinds.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesGrand Ole Opry House Up For Sale by Owner Ry

Bloomberg55d agoneutral
UK Foreign Policy Gap Leaves Burnham Exposed to Global Crises

(Bloomberg) -- In his final weeks as Britain’s prime minister, Keir Starmer, has repeatedly warned how “dangerous and volatile” the world is becoming. Andy Burnham is on a collision course with it. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesGrand Ole Opry House Up F

Asian Stocks Rise After Micron Earnings Ease AI Fears
The Wall Street Journal55d agoneutral
Asian Stocks Rise After Micron Earnings Ease AI Fears

STOCKS Asian equity markets were mostly higher after memory-chip maker Micron’s blockbuster results eased artificial-intelligence fears and oil slumped toward prewar levels as Middle East tensions continued to ratchet down.

Kroger quietly makes a major loyalty program change
TheStreet55d agoneutral
Kroger quietly makes a major loyalty program change

Loyalty programs, when they work well, offer meaningful rewards in exchange for spending at a specific retailer or restaurant. For the program to succeed, rewards have to be attainable while also substantial enough to feel like you've earned something. Starbucks, for example, does this incredibly ...

Bloomberg55d agoneutral
Alibaba Slides to 16-Month Low After Anthropic’s AI Accusations

(Bloomberg) -- Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of “illicitly” accessing its artificial intelligence model. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesGrand Ole Opry House

Broadcom gets major OpenAI boost in AI chip race
TheStreet55d agoneutral
Broadcom gets major OpenAI boost in AI chip race

Broadcom (AVGO) just got a new validation point in the artificial intelligence chip race: OpenAI’s first custom chip, Jalapeño, unveiled on June 24. The chip was designed with Broadcom and built for inference, the computing process that allows products such as ChatGPT to respond to user requests. ...

Bank of America resets Marvell stock price target
TheStreet55d agoneutral
Bank of America resets Marvell stock price target

Marvell (MRVL) has gained about 215.72% year to date at the time of writing, Wednesday afternoon, June 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 7.41% in the same period. The semiconductor giant has rallied thanks to its role in the AI boom. Strong fourth-quarter fiscal 2026 ...