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Microsoft stock slips after analysts say it canceled 2 AI data center leases, suggesting possible 'oversupply position'

In response, Microsoft told BI it "may strategically pace or adjust our infrastructure in some areas" and will "continue to grow strongly."

Business Insider 1 hour ago

Apple Will Add 20,000 US Jobs Amid Threat from Trump Tariffs

(Bloomberg) -- Apple Inc., as it seeks relief from US President Donald Trump’s tariffs on goods imported from China, said that it will hire 20,000 new workers and produce AI servers in the US. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Mill

Palantir’s Pricey Multiple in Focus as Pentagon Budget Cuts Loom

(Bloomberg) -- Last week’s rout in Palantir Technologies Inc. shares has done little to convince skeptics that it’s suddenly a bargain.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthThe stock is mired in its biggest four-d

Microsoft Dropped Some AI Data Center Leases, TD Cowen Says

(Bloomberg) -- Microsoft Corp. has canceled some leases for US data center capacity, according to TD Cowen, raising broader concerns over whether it’s securing more AI computing capacity than it needs in the long term.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pr

Chevron reorganizes business structure, reshuffles leadership

The company has said it would lay off up to 20% of its global workforce by the end of 2026, as it navigates cost overruns and delays in a large Kazakhstan project. Its $53 billion acquisition of Hess has been stalled due to an arbitration battle with larger rival Exxon Mobil. "Our new organizational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained growth," CEO Mike Wirth said in a statement.

Nvidia to report Q4 earnings Wednesday as tariff, export control threats loom

Nvidia will report its Q4 earnings after the bell on Wednesday.

Nvidia earnings: Why investors should brace for more volatility

While Nvidia earnings will be a critical test for the AI trade, even a beat may not be enough to restore the chip giant's lost momentum.

Silicon Valley is going all in on humanoid robots. Making them a reality will take decades.

Silicon Valley is working to make humanoid robots a reality. But getting there will take time.

One ridiculous chart on Nvidia ahead of earnings

Is Nvidia just too cheap?

OpenAI is trying to make itself Elon Musk proof

Elon Musk recently attempted an unsolicited takeover of OpenAI that was rejected. Now the creator of ChatGPT wants to make sure that any future coups from the world's richest man won't be successful.

What Nvidia bulls are whispering about before its big earnings report

The Street is gearing up for another big read on the AI trade with Nvidia earnings.

Palantir bulls should digest these other top worries

Palantir's annual report highlights several fresh concerns for the bulls.

Apple debuts iPhone 16e for $599, includes Apple Intelligence, Apple's first in-house modem

Apple on Tuesday the iPhone 16e, a low-cost iPhone complete with Apple Intelligence and the company's first in-house modem.

Microsoft reveals Majorana 1 quantum chip as quantum computing wars heat up

Microsoft on Wednesday debuted its Majorana 1 quantum computing chip. The news comes just two months after Google announced its own quantum chip.

Meta's stock closes down, snapping 20-session winning streak

Meta stock fell Tuesday, snapping its 20-session winning streak.

Prosus to Buy Just Eat in Bid to Become Food Delivery Giant

(Bloomberg) -- Prosus NV agreed to buy Just Eat Takeaway.com NV for €4.1 billion ($4.3 billion), as the Dutch technology investor with stakes in several food delivery companies seeks to become an industry giant. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing

Abu Dhabi’s First IPO of the Year Rides AI Boom to Price at Top

(Bloomberg) -- Alpha Data is likely to price its initial public offering in Abu Dhabi at the top of a planned range, as investors piled into the IT services firm that’s been among the beneficiaries of a surge in interest in artificial intelligence. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA

Morning Bid: Clouds gather on Wall St as German midcaps surge

Global investors got a reminder last week that the U.S. economic expansion is not etched in stone, even Wall Street is priced as if it was, and German stocks got another shot in the arm on Monday from weekend election results. A string of soft readings from the U.S. retail and service sectors unnerved U.S. stock traders on Friday, with growing fears the disruption and uncertainty sown by Donald Trump's new administration are forcing consumers and businesses to draw in their horns.

BP to ditch renewables goals and return focus to fossil fuels

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters. BP's shares have underperformed rivals in recent years and the oil major has already dropped its target to cut oil and gas output by 2030, Reuters reported in October. On Wednesday, when BP holds a capital markets day, CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts, two sources close to the matter said.

Yope is sparking GenZ (and VC) interest with an Instagram-like app for private groups

Photo and video apps targeting young adults with social hooks are a dime a dozen these days, so those that show traction with 18-twentysomethings tend to catch the attention of investors looking for the next Instagram or TikTok. In the latest example, photo-sharing app Yope, which lets you share still images to private groups, says that it has racked up 2.2 million monthly active users and 800,000 daily active users, with 30x growth in last six months. And in perhaps one of the more important me