Microsoft, Nvidia to invest in Anthropic
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Wall Street shares have seen big swings this week as investors brace for all-important earnings from AI bellwether
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Nvidia earnings, Target's profit outlook, Meta's antitrust victory and more in Morning Squawk
Netflix has inked agreements with Hasbro, Mattel and Jazwares on merchandise tied to its media properties. The California-based company has also launched short- and long-term event spaces, including the new Netflix House Philadelphia.
On the one hand, that's great news for Nvidia investors. A fresh stream of new products means more revenue. But regularly pushing out new chips also poses a problem for the Big Tech companies that are its customers. Spending big on AI infrastructure already has people uneasy, and now there's a risk it will quickly become outdated.
Nvidia investors are bracing for a roughly $300bn swing in market value following quarterly results on Wednesday, amid rising unease over Silicon Valley’s vast spending on artificial intelligence.
Directly into AI infrastructure: servers, storage, power and cooling systems, along with a vast quantity of chips to support Search, Ads, YouTube, Gemini, and
Brookfield Asset Management Ltd. is targeting $10 billion of fund commitments for a global artificial-intelligence infrastructure program in partnership with Nvidia Corp. and the Kuwait Investment Authority.
Wall Street's main indexes were set for a higher open on Wednesday following sharp losses earlier in the week, as investors set their eyes on Nvidia's earnings which could prove to be a make-or-break moment for the AI trade.