AI News

Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts ‌of compute capacity, with investment in the project increasing to ‌more than $50 billion. The planned data center, known as Hyperion, was earlier projected to deliver ​more than 2 gigawatts of compute capacity to support training of large language models, the technology behind tools such as ChatGPT. • U.S. environmental law group Earthjustice's request to investigate the financing of Meta's Louisiana data center project was ⁠denied earlier this year.

Mark Zuckerberg‘s net worth surged by more than $13 billion on Friday as Meta Platforms shares extended their strong rebound. He ended the week with an estimated net worth of $237 billion, an increase of about $4 billion since the...

The best practices of risk aversion and diversification have changed in this era of tech hype.

Plus, an onslaught of artificial-intelligence bonds tests investors’ limits, and Apple CEO Tim Cook goes to battle against OpenAI.

The artificial intelligence (AI) boom is altering the financial landscape of America's largest tech companies.

Meta said the $50 billion expansion will make its Richland Parish site one of the largest data centers in history while bringing jobs and new funding to the rural community.

Meta Platforms Inc (NASDAQ:META) is one of billionaire David Abrams’ top stock picks with upside potential. Analysts project more than 40% upside for Meta stock from the current level. This social media stock is popular with elite investors, as some 262 hedge funds own Meta shares. On July 2, Wolfe Research reaffirmed its Outperform rating […]

Alphabet Inc (NASDAQ:GOOGL) is one of billionaire David Abrams’ top stock picks with upside potential. Alphabet shares have more than doubled in the past year, and analysts see the stock rising more from the current level. Alphabet is a big favorite of elite investors, as the stock is backed by 265 hedge funds. On July […]

Imports continue to be driven by strong demand for BEVs, led by Tesla and BYD.

The company that builds the world's most advanced chips is about to tell investors how hot AI demand really is.

Oracle is testing a key support level of $134, but retail traders note that its financial performance warrants a much higher valuation.

(Bloomberg) -- The European Union will propose a law to restrict children’s access to social media, according to the bloc’s top official, as part of a growing global consensus about the harm it causes. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes

Stocktwits data showed retail sentiment remained ‘bullish’ around SPY and ‘neutral’ on QQQ.

There are incredible bargains available among AI stocks right now.

The latest performance underscores steady demand for advanced chips.

Taiwan, Nvidia and Apple have been highlighted in this Investment Ideas article.

Elon Musk’s space-and-AI company lost $4.9 billion last year and trades at 97 times sales. Investors need a lot to go right.

The new variant is expected to sit above the Model Y L, making it Tesla’s priciest Model Y in China.

TSMC, the world's ‌largest contract chipmaker, ‌reported on Monday second-quarter ​revenue of 1.27 trillion Taiwan dollars ($39.63 billion), beating market ‌expectations and ⁠rising 36% from a year ⁠earlier on surging interest in artificial ​intelligence applications. An ​LSEG ​SmartEstimate, drawn ‌from 20 analysts, had expected revenue in the April-to-June quarter of 1.264 trillion Taiwan ‌dollars. Taiwan Semiconductor ​Manufacturing Co (TSMC) ​is ​a major ‌supplier to companies including ​Nvidia ​and Apple.

Investing in index funds is a good way to gain exposure to a broad range of stocks, but it's not without risk.

Don't give up on these stocks yet.

How would you like to buy three of the biggest drivers of global market returns since the turn of the century? What if they were on sale for the cheapest valuation in a decade or more?

The selloff in chip stocks comes amid a broader rotation within the tech sector, with investor money flowing out of chip names and back into Big Tech.

Oil prices have plunged in recent weeks, but why did predictions of $200 oil never materialize?

Jim Cramer owns six of the Magnificent Seven and argues that grouping them together is one of the costliest mistakes an investor can make. The five dimensions separating these stocks reveal why selling them as a basket when one stumbles could mean abandoning your best positions.