By Marco Piccolo Key highlights: Amazon shares jumped 5% to a record high following a $38 billion cloud infrastructure deal with OpenAI. OpenAI will use AWS’s Nvidia GPU-powered servers to scale its AI workloads, including ChatGPT. The agreement underscores intensifying demand for AI compute and competition among cloud providers. Trade on Plus500 CFDs are complex […]
Tag: ICF
By Marco Piccolo Key highlights: IREN signs a five-year, $9.7 billion cloud compute agreement with Microsoft, making it the tech giant’s largest AI cloud provider. The deal includes phased deployment of Nvidia GB300 GPUs and $5.8 billion in equipment supplied via Dell Technologies. IREN shares soar over 20%, extending a year-to-date rally of more than […]
By Jon Nielsen Key highlights: Meta shares dropped over 12%, marking the worst intraday loss since October 2022. Q3 earnings per share missed estimates due to a one-time $15.9 billion tax charge. Meta raised its capital expenditures outlook to up to $72 billion for 2025, fueling investor concerns. Trade on Plus500 CFDs are complex instruments […]