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Ai Compute

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Goldman Flags Valuation Risk in Marvell Rally, Demands Clear AI Compute Upside
finance1 month ago

Goldman Flags Valuation Risk in Marvell Rally, Demands Clear AI Compute Upside

Goldman Sachs stays Neutral on Marvell Technology (MRVL) after another earnings beat, arguing the stock’s 2026 rally has largely priced in the good news and that meaningful upside requires faster growth in Marvell’s custom compute business. The firm maintains a $195 target and wants more detail on Google and Microsoft partnerships and on 2027–2028 data-center revenue targets, with an analyst day as a potential catalyst. Marvell beat Q2 results (revenue $2.74B, up 37% YoY; adjusted EPS $0.94) and guided Q3 revenue to about $3.15B, but Goldman suggests the bar is high to justify higher multiples given the steep rally.

via Yahoo Finance|
#ai-compute#data-center#finance
Mac Studio gets M5 Ultra, Apple claims it’s the most powerful chip ever
tech1 month ago

Mac Studio gets M5 Ultra, Apple claims it’s the most powerful chip ever

Apple updates the Mac Studio with an M5 Max and a new M5 Ultra, unifying the lineup under one generation; the M5 Ultra uses UltraFusion to merge two M5 Max dies into a quad-die chip, delivering up to 1.2TB/s memory bandwidth, a 36-core CPU and 80-core GPU, and up to 4.3x faster AI compute; prices start at $2,499 for the M5 Max (36GB RAM/512GB) and $5,499 for the M5 Ultra (96GB RAM/1TB); macOS 27 Golden Gate arrives Sept 22, with the top 512GB RAM config landing in late October; RAMageddon pricing persists and the Mac Pro line is sunset, with support for up to four 5K Studio Displays.

via The Verge|
#ai-compute#apple#m5-ultra
SpaceX Bets a Half-Trillion Dollar Data-Center Buildout to Fuel AI’s Next Leap
technology1 month ago

SpaceX Bets a Half-Trillion Dollar Data-Center Buildout to Fuel AI’s Next Leap

SpaceX plans a massive expansion of AI compute, targeting 6–10 GW of capacity and potentially spending $300–$500 billion in 2027 on data centers, as it rents large-scale compute capacity to Anthropic and Google and as rivals like Microsoft and Alphabet race to secure chips and land. The boom hinges on favorable economics (high margins and rapid GPU payback), but analysts warn bottlenecks at TSMC and potential price bullwhips could temper the surge and alter ROI and funding dynamics for the broader AI infrastructure push.

via 24/7 Wall St.|
#ai-compute#data-centers#hyperscalers
SpaceX seals $60B Cursor deal to turn GPUs into AI software engine
business1 month ago

SpaceX seals $60B Cursor deal to turn GPUs into AI software engine

SpaceX has completed its $60 billion takeover of Cursor (Anysphere), gaining Cursor’s GPU compute capabilities and engineers to accelerate SpaceXAI’s Grok-based AI tooling; Cursor even announced Firetiger joining the day before closing, signaling a rapid integration. The move expands SpaceX’s shift from rockets to a software-led AI business aimed at competing with Anthropic and OpenAI, while questions linger on pricing, unit economics, and how the Cursor brand will endure as compute becomes central to value.

via The Next Web|
#ai-compute#business#cursor
SpaceX bets on AI as its next big revenue engine, Musk says
business1 month ago

SpaceX bets on AI as its next big revenue engine, Musk says

Elon Musk told SpaceX staff that AI revenue will likely surpass all other SpaceX revenue lines by September 2026, aided by a joint $16.8 billion Texas compute facility funded by SpaceX and Tesla; the AI pivot broadens SpaceX’s potential market to the roughly $26.5 trillion global AI opportunity, reinforced by the Cursor acquisition to compete with OpenAI and hyperscalers. Investors should watch SpaceX’s upcoming disclosures for AI revenue contributions and how quickly Terafab capacity scales.

via 24/7 Wall St.|
#ai-compute#artificial-intelligence#business
CoreWeave shakes off losses as backlog soars and stock jumps
technology1 month ago

CoreWeave shakes off losses as backlog soars and stock jumps

CoreWeave narrowed Q2 losses to $1.14 per share on $2.5 billion in revenue and posted adjusted operating income of $128 million, beating expectations, while backlogs rose to $104 billion (not including about $25 billion in Q3 commitments). The results helped the stock rally about 18% in premarket trading as the company continues heavy investment in AI data-center capacity, even as SpaceX rents compute from its facilities and Meta weighs entering the space, signaling strong demand but rising competition.

via finance.yahoo.com|
#ai-compute#coreweave#crwv
Intel taps $15B equity raise to fund AI-led turnaround, shares slide
finance1 month ago

Intel taps $15B equity raise to fund AI-led turnaround, shares slide

Intel disclosed a surprise plan to raise $15 billion through an underwritten public stock offering, sending INTC shares down about 4.6%. The net proceeds will go to general corporate purposes, heavy-capex, and working capital to support its turnaround and capitalize on surging AI compute demand. Management framed the move as prudent financing aligned with customer demand and strict return discipline, while analysts largely viewed it as a sensible option given the stock price despite near-term dilution. JPMorgan, Goldman Sachs, Morgan Stanley, and Citigroup are leading the offering.

via Yahoo Finance|
#ai-compute#equity-offering#finance
Intel Launches $15B Stock Sale to Fuel Foundry Push, Shares Drop 5%
business2 months ago

Intel Launches $15B Stock Sale to Fuel Foundry Push, Shares Drop 5%

Intel fell about 5% after announcing a $15 billion underwritten public stock offering to fund its foundry expansion and AI compute growth. Underwriters include JPMorgan Chase, Goldman Sachs, Morgan Stanley and Citigroup, with a potential extra $2.25 billion option. Traders viewed this as a standalone capital-structure move rather than a broad chip-sector signal, as AMD, NVIDIA and Broadcom mostly hold steady. Intel cites strong AI compute demand and higher capex for 2026, including a Tesla 14A foundry customer, and Wall Street targets remain above current levels, around $115.

via 24/7 Wall St.|
#ai-compute#business#foundry
SpaceX Compute Push Could Put Nvidia on a $1 Trillion Revenue Path
technology2 months ago

SpaceX Compute Push Could Put Nvidia on a $1 Trillion Revenue Path

Analysts say SpaceX's pledge to run its AI compute on Nvidia's Vera Rubin GPUs and to scale toward 20 GW by 2027 could unlock outsized Nvidia revenue: even a small slice (2 GW) could add roughly $100 billion in incremental revenue, with the potential for Nvidia to reach about $1 trillion in cumulative Vera Rubin chip revenue by 2027. Nvidia's own data-center business is a large portion of its revenue, and the story hinges on SpaceX delivering on its targets; SpaceX's Q2 results and high capex underscore the opportunity, but this is not Nvidia guidance.

via 24/7 Wall St.|
#ai-compute#ben-reitzes#nvidia
AMD CEO Reaffirms Partnership as Musk Champions Nvidia-Only AI Chips
business2 months ago

AMD CEO Reaffirms Partnership as Musk Champions Nvidia-Only AI Chips

AMD CEO Lisa Su downplayed Elon Musk's Nvidia-exclusive AI‑chip pledge, emphasizing a long‑term partnership with Nvidia even as SpaceX relies on Nvidia tech. AMD posted a strong Q2: revenue $11.54B (up 50%), data‑center sales up 107% to $6.7B, and guided robust server growth for 2026–27, while investing in its supply chain. Nvidia stock rose while AMD slid on the earnings beat being slightly above consensus but below more optimistic estimates, with Deutsche Bank noting the runway is still highly valued by investors.

via cnbc.com|
#ai-compute#amd#business
Meta bets big on AI compute despite shrinking cash flow
business2 months ago

Meta bets big on AI compute despite shrinking cash flow

Meta Platforms is aggressively expanding its AI infrastructure even as trailing free cash flow declines and capex remains very high. The company’s Meta Compute initiative includes large-scale data-center investments, such as a 1-gigawatt project with BlackRock to train models and power advertising and new products. With Q2 capex around $30 billion and full-year guidance of $130–$145 billion, Meta argues the AI demand wave underbuilt by the industry justifies the investment and could be monetized via its ad engine or third-party demand. Meanwhile, core ad revenue grew and engagement improved, offering early signs that AI spend could pay off, but investors should monitor whether the ROI from this spend translates into sustained cash flow and profits as the cycle unfolds.

via Yahoo Finance|
#ai#ai-compute#business
Anthropic Eyes Big Compute Deal with Meta
technology2 months ago

Anthropic Eyes Big Compute Deal with Meta

Anthropic is in very early talks to lease AI computing power from Meta in a potential deal around $10 billion, following a similar arrangement with SpaceX to use Colossus 1 data center capacity; the discussions underscore Anthropic's push to secure Nvidia-based AI chips amid access constraints, as Meta signals a broader push into AI infrastructure with substantial 2026 capital expenditure plans.

via CNBC|
#ai-compute#anthropic#meta
Meta's AI Compute Breakthrough Sparks Optimism on Costs
business3 months ago

Meta's AI Compute Breakthrough Sparks Optimism on Costs

Meta Platforms’ stock rose after a Bank of America Securities note suggested Meta could expand AI compute capacity more cheaply than Wall Street expected, citing an internal Meta memo relayed to Reuters that implies 2026 AI buildout costs could be much lower—about $22 billion per gigawatt on roughly 6.5 GW of capacity (5.5 GW in H2), versus prior estimates near $45 billion per GW. The implied lower capital outlay could ease investor concern over Meta’s massive AI investment. Separately, Reuters reported Meta plans to start manufacturing its Iris AI chip with Broadcom and TSM later this year, a move that could reinforce its long-term AI silicon roadmap even though the chip may not fully explain the 2026 cost improvements.

via Yahoo Finance|
#ai-compute#bofa-securities#business