Keywords: AI investment
Apple reported its strongest March quarter on record on April 30, posting revenue of 111.2 billion dollars and earnings per share of 2.01 dollars, surpassing Wall Street expectations of 109.66 billion dollars in revenue and 1.94 dollars per share. The results were driven by a 21.7 percent surge in iPhone......
Major technology companies are scaling up spending on artificial intelligence infrastructure to unprecedented levels, with combined capital expenditure plans nearing $725 billion for 2026. The surge follows quarterly earnings reports released on April 29 by Alphabet, Amazon, Meta and Microsoft, all of......
US stock index futures moved higher on Tuesday as renewed optimism around artificial intelligence helped offset investor concerns linked to ongoing geopolitical tensions in the Middle East. Market sentiment was supported by strong signals from major technology players, reinforcing expectations that......
Amazon is scaling its artificial intelligence strategy with a planned 200 billion dollar capital expenditure in 2026, as CEO Andy Jassy defends one of the largest investment programs in the tech sector. The company disclosed that its cloud division now generates more than 15 billion dollars in annualized......
CoreWeave and Meta have expanded their artificial intelligence cloud partnership to an estimated $21 billion, extending their agreement through December 2032 and reinforcing one of the largest infrastructure deals in the AI sector. The announcement, disclosed in a regulatory filing and company statement,......
Attijariwafa Bank, Morocco's largest financial institution and one of Africa's biggest lenders, is exploring an equity investment in Paris-based artificial intelligence startup Mistral AI, according to Africa Intelligence. The bank, controlled by Al Mada, the holding company of Morocco's......
Melius Research has lowered its price target on Microsoft to 400 dollars from 430, maintaining a neutral rating and signaling growing skepticism about the company’s ability to convert its heavy artificial intelligence investments into sustained revenue. Analyst Ben Reitzes described Microsoft’s......
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said......
Tencent Holdings reported strong financial results for the fourth quarter of 2025, with revenue reaching 194.4 billion yuan, or about 28.3 billion dollars, marking a 13 percent increase from a year earlier and slightly exceeding analyst forecasts. Net profit attributable to shareholders rose 14 percent......
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