Investors are getting nervous about spending on AI infrastructure just as big tech companies double down on their efforts. Over the past two weeks, Alphabet, Amazon, Meta and Microsoft have outlined plans to spend more than $740 billion in capital spending this year, which Wall Street interprets as spending on AI infrastructure, including data centers … Read more
“A lot of people want local inference. And in some ways, they assume the problem is solved now because we’re going to have open source models, we’re going to be able to run them on our computers, so we’re not going to need all the stuff in the data center. But from a global allocation … Read more
Tech stocks plunged on Friday, erasing more than $1 trillion in value. The Nasdaq 100 index fell 3.4% in afternoon trading, its worst one-day drop since mid-June. The selloff pushed the Nasdaq 100 close to what is known as “correction territory,” which is a drop of 10% or more from an index’s last all-time high. … Read more
US stocks plunged in the final trading day of the month as earnings from Amazon (AMZN) and Alphabet (GOOG, GOOGL) this week rekindled concerns about the amount of money Big Tech is spending on its AI ambitions. The Nasdaq Composite (^IXIC) tumbled 3.3% as a tech-fueled sell-off intensified. The Dow Jones Industrial Average (^DJI) fell … Read more
Image from Jetcity | Stock | Getty ImagesThe U.S. Treasury Department has announced new rates for Series I bonds. The newly purchased I bonds will pay 5.51% annual interest from November 1 to April 30, up from the 4.26% yield offered on purchases made through October 31. The new rate includes a variable part of … Read more
This report is from this week’s The Tech Download newsletter. Do you like what you see? You can subscribe here. Anthropic’s more than 300-page S-1 filing earlier this week contained a lot of information. It was the most comprehensive public statement to date on how an AI lab makes money. After the prospectus was published … Read more
Don’t blame Intel’s weak forecasts, tied to a prolonged supply shortage of memory chips, for the new decline in technology stocks. Blame hyperscalers like Amazon (AMZN), Alphabet (GOOGL), and Meta (META) for not properly guiding Wall Street on how much they planned to spend this year and next on AI infrastructure. The bills are coming … Read more
The Bank of Japan declared that core inflation in the country was “generally consistent” with its 2% target, the first time it made that assessment since adopting the target in 2013. Before this, the BOJ used to say that core inflation had been “approaching 2 percent.” This comes as the central bank was expected to … Read more
Crypto giant Binance hit by ‘biggest hack in history’ BBCWorld’s biggest crypto exchange hit by world’s biggest heist CNNBinance hacked? Crypto Exchange Says Funds Safe After ‘Possible Security Issue’ ForbesBinance Suspends Trading After Being Targeted in Biggest Cyber Heist Ever WSJBitcoin Falls Below $78,000, Extending Losses as Binance Security Fears Shake Crypto Markets CNBC
Traders work on the floor of the New York Stock Exchange during morning trading on October 14, 2026 in New York City. Miguel M. Santiago | Getty Images Futures linked to the Nasdaq-100 fell Thursday night after shares of Amazon and Intel fell following the companies’ latest quarterly results. Nasdaq-100 futures lost 1.7%, while futures … Read more