Tech
The AI boom now runs on borrowed money
The Nasdaq Composite fell 5.52 per cent on Thursday, to 24,315, its worst day since April 2025.
AI Boom
Tech
AI is coming for software companies
Enterprise software stocks crashed in early February, and specialist software ETFs fell deep into correction territory.
Tech
Big Tech's AI spending passes $600bn
Microsoft, Alphabet, Meta and Amazon together now expect to spend more than $600 billion on capital projects in 2026, according to guidance given with their fourth-quarter results.
Business
Nvidia's $57bn quarter doesn't end the bubble debate
Nvidia reported $57 billion of revenue for the third quarter of fiscal 2026, another huge number and comfortably ahead of Wall Street's consensus forecast.
Markets & Finance
AI's biggest spenders feel the credit squeeze
The primary corporate bond market is struggling to digest a flood of debt from the companies spending most on artificial intelligence, and institutional credit portfolios are full.
Tech
Meta borrows $30bn for AI
Meta Platforms has sold $30 billion of investment-grade bonds in several tranches, a deal of a size rarely seen, to pay for its artificial intelligence spending plans.
Special Report
Halloween: The scariest balance sheets in AI
Nvidia's market capitalization passed $5 trillion on 29 October, making it the world's most valuable company.
Tech
The AI money loop
Look closely at the venture deals financing the artificial intelligence boom and a circular pattern appears, one that recalls the worst speculative habits of the dot-com era.
World
Nvidia's China problem
Nvidia reported revenue of $46.7 billion for the second quarter of fiscal 2026, another very strong result.
World
Nvidia pays Washington to sell to China
Washington has agreed to let Nvidia resume sales of its customised H20 artificial intelligence chips to China, on condition that the company hands 15 per cent of the revenue straight to the US Treasury.
Tech
Tariffs haven't dented Big Tech's AI spending
Alphabet has confirmed that its capital spending will run above $75 billion a year, and Microsoft and Meta have repeated their own large plans for AI infrastructure.
Business
Nvidia's margins slip
Nvidia reported fourth-quarter revenue of $39.3 billion, evidence that demand for its chips is still enormous.
Tech
Nvidia beats and still falls
Nvidia's second-quarter revenue rose 122 per cent to $30 billion, ahead of consensus forecasts.
Business
Nvidia becomes the world's most valuable company
Nvidia overtook Microsoft on 18 June to become the world's most valuable listed company, with a market value of $3.34 trillion.
Tech
Nvidia hits $3trn, and index funds are along for the ride
Nvidia's market value passed $3 trillion on 5 June, overtaking Apple to make it the second most valuable company in the world.
Business
Nvidia's boom: peak or plateau?
Nvidia's data centre revenue reached $22.6 billion in the first quarter, up 427 per cent from a year earlier.
Tech
Nvidia adds $277bn in a day
Nvidia added $277 billion to its market value on 22 February, more than the entire worth of most companies in the S&P 500.
Tech
OpenAI's boardroom drama and Microsoft's $13bn exposure
Sam Altman was pushed out of OpenAI over a weekend and reinstated days later, an episode governance scholars will study for years as farce.
Special Report
Independence Day: Washington is paying factories to come home
Through the CHIPS and Science Act and the Inflation Reduction Act, Washington is handing out tens of billions of dollars in grants, loans and tax credits to bring factories home.
Tech
Nvidia's forecast stuns Wall Street
Nvidia told investors on 24 May to expect second-quarter revenue of $11.0 billion, 53 per cent above the consensus forecast of $7.15 billion.
