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JPMorgan resets Broadcom stock price target
TheStreet60d agoneutral
JPMorgan resets Broadcom stock price target

When a Wall Street heavyweight tells you a $1.8 trillion company still looks cheap, it's worth slowing down to understand why. That's roughly the message coming out of JPMorgan (JPM) this month. Fresh off Broadcom's latest earnings, the bank didn't just nudge its outlook higher. It made a ...

Meta Weighs AI Growth Plans Against Regulatory Pressure And Valuation Upside
Simply Wall St.60d agoneutral
Meta Weighs AI Growth Plans Against Regulatory Pressure And Valuation Upside

Meta Platforms (NasdaqGS:META) is launching a US$115 million America's Workforce Academy to train workers for data center and AI infrastructure roles across the United States. The company is partnering with industry associations to roll out the program nationwide as demand for skilled technical labor in data centers grows. Meta is also expanding in-store Meta Lab experience zones with Best Buy to give shoppers hands-on access to its AI hardware products. In Europe, the EU Commission has...

Where Alphabet Stock Is Most Exposed
Trefis60d agoneutral
Where Alphabet Stock Is Most Exposed

After a strong run that has left the stock near its high, it’s easy for Alphabet (GOOGL) investors to focus on the rapid growth in AI and the cloud. But with expectations this high, the most important number to watch may not be a growth rate. It’s a measure of profitability that has quietly stretched to a level that warrants a closer look: the net profit margin.

EU orders Meta to open WhatsApp to rival AI chatbots for free
AFP60d agoneutral
EU orders Meta to open WhatsApp to rival AI chatbots for free

The EU ordered Meta on Tuesday to give rival AI chatbots access to its WhatsApp platform for free within five working days as it carries out an antitrust probe, or risk a heavy fine.She said the EU order would ensure EU citizens choose which AI chatbots they would prefer to use on WhatsApp.

It’s not FAANG anymore. It’s MANGOS.
TechCrunch60d agoneutral
It’s not FAANG anymore. It’s MANGOS.

With SpaceX, Anthropic, and OpenAI all eyeing massive public debuts, the tech industry may soon have a new class of corporate overlords — and a new acronym to match. Say goodbye to FAANG and hello to MANGOS.

Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up
Reuters60d agoneutral
Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up

Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's custom chips ‌and networking solutions as part of a tie-up between the ‌asset managers and the chipmaker. The initial commitment will expand the Claude Code creator's AI computing ​capacity by one gigawatt, the companies said on Tuesday. The capacity is expected to be deployed at Fluidstack-operated sites beginning mid-2026, with the cloud computing company providing the physical ‌data-center infrastructure that will ⁠run Anthropic's AI systems.

Meta ordered by EU to allow rival AI chatbots back on WhatsApp for free
Reuters60d agoneutral
Meta ordered by EU to allow rival AI chatbots back on WhatsApp for free

Meta Platforms has been ordered by EU antitrust regulators to give rival AI chatbots such as OpenAI free access to WhatsApp while ‌they continue to investigate whether the company abused its market power by blocking competitors from ‌the messaging app. The European Commission's decision to issue an interim measure against Meta followed complaints from The Interaction Company of California, ​developer of the Poke.com AI assistant, French AI startup Agentik and a Spanish rival. Those complaints prompted the Commission, the EU's competition enforcer, to open an investigation in December.

Google Is Paying SpaceX Over $900 Million a Month for AI Compute
24/7 Wall St.60d agoneutral
Google Is Paying SpaceX Over $900 Million a Month for AI Compute

The AI boom is giving investors no shortage of curveballs. In a rather surprising move, Alphabet‘s (NASDAQ:GOOGL) Google inked a deal that’ll see Elon Musk’s SpaceX (SPCX) receive $920 million per month to rent its AI compute capacity. The move, which is slated to last between October 2026 and June 2029, is more of a ... Google Is Paying SpaceX Over $900 Million a Month for AI Compute

AMD Just Hit 2030’s Earnings Target Two Years Early. Here’s What Happens Next
24/7 Wall St.60d agoneutral
AMD Just Hit 2030’s Earnings Target Two Years Early. Here’s What Happens Next

Bernstein’s Stacy Rasgon spent years as a skeptic on Advanced Micro Devices (NASDAQ:AMD). On a recent episode of The Real Eisman Playbook, he flipped the script.”I’m looking at 2028 and I’m pretty close to $20 in earnings, which was their 2030 target.” Read that again. The 2030 number, pulled forward two years. Rasgon is not ... AMD Just Hit 2030’s Earnings Target Two Years Early. Here’s What Happens Next

Meta Platforms (META) In Talks with CleanSpark for Data Center Facility Lease
Insider Monkey60d agoneutral
Meta Platforms (META) In Talks with CleanSpark for Data Center Facility Lease

Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best AI Stocks to Buy in June. On June 6, TheFly reported that Meta is in discussion with data center developer CleanSpark (CLSK) to secure space in the latter’s data center facility. According to Green Street News Infrastructure, Meta is seeking to lease space at CleanSpark’s […]