Tag: Data Centers

Samsung Booked a Record 107 Trillion Won Profit in One Quarter and Investors Still Wanted More

Samsung says it is the first tech company to clear KRW 100 trillion in quarterly operating profit, almost all of it from AI memory, yet its shares fell after SK Hynix gave a bolder outlook. Samsung also

Canada Is Buying Into Cohere With Up to C$1.6 Billion and Wants the Lab to Stay Put

Ottawa plans to invest up to C$1.6 billion in Cohere through staged, milestone-based equity, with strings on jobs, computing and headquarters. The deal sits inside a planned C$7 billion round at about C$

Malaysia Says Smugglers Passed 30 AI Chip Servers Off as Electronics at Its Main Airport

Malaysian customs says it seized about US$12 million of AI chip servers declared as electronic components at Kuala Lumpur's airport, the fifth case it links to one syndicate. Officials have not named the

AWS Just Posted Its Fastest Growth in Nearly Five Years and Amazon Stock Sank Anyway

AWS revenue grew 39% to $46.0 billion, but Amazon's trailing free cash flow swung to negative $42.4 billion on AI spending and shares fell in after-hours trading. Backlog is $578 billion, yet the cash is

Alphabet Suffers Worst Day Since Its IPO as AI Cash Burn Spooks Wall Street

Alphabet shares fell 12.64% on Thursday, the biggest one-day drop since Google went public in 2004, after negative free cash flow and a search ad miss. Microsoft barely moved, and investors seem to be so

Wall Street Lines Up $63 Billion to Buy Broadcom Chips for Anthropic

Bank of America, Blackstone, Citi and Morgan Stanley will finance $63 billion of Broadcom chips for Anthropic, with Broadcom backstopping senior lenders. Moody's has already flagged the risk of repeat de

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