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Meta Hikes AI Spend to $145B as Wall Street Questions ROI Timeline
Meta boosted its 2026 AI spending forecast to $145 billion, sending shares down 8.6%. Wolfe Research sees $26 billion in potential 2027 revenue, but analysts remain skeptical about the payoff timeline.
Bank of America Initiates Oklo Coverage with $80 Buy Target
Oklo shares edged higher premarket after Bank of America started coverage with a Buy and $80 target, citing its Meta power deal and regulatory progress.
AI Infrastructure Stocks Diverge: Super Micro, Alphabet, and Nebius Show Varied Prospects
AI infrastructure stocks are diverging as Super Micro Computer (SMCI) outperforms Nebius (NBIS) in near-term appeal, while Alphabet (GOOGL) is seen as a safer long-term bet. Teradyne (TER) and Cisco (CSCO) also benefit from AI-driven demand.
Nvidia and IREN's $3.4B Deal Highlights AI Infrastructure Bottleneck
Nvidia and IREN Ltd. announced a $3.4 billion GPU cloud deal and up to 5 GW of AI infrastructure, but IREN's co-founder warns new data centers may not go live until 2030 due to power and land constraints.
Taiwan Market Surpasses India as TSMC Drives AI-Fueled Rally
Taiwan's market value hit $4.95 trillion, overtaking India, as TSMC surged 49% on AI chip demand. India fell amid rising oil prices.
Brent Crude Surges Past $99 on Renewed Iran Tensions
Brent crude rose 3.6% to $99.64 on renewed US-Iran tensions, while WTI fell 3.7% to $93.09. The Strait of Hormuz remains partially closed, keeping supply risks elevated.
SanDisk's AI Surge Faces Scrutiny as Investors Eye Sustainability
SanDisk shares fell 4.1% premarket as investors assess the sustainability of its AI-driven rally, despite a 97% Q3 revenue jump and $41.6B in performance obligations.
Quantum Stocks Rally as Washington Unveils $2 Billion Funding Plan
IonQ shares gained 2.8% premarket Tuesday after the Memorial Day break, even as the company was left out of $2 billion in new U.S. quantum funding. IBM secured $1 billion, while D-Wave and Rigetti each received $100 million.
NIO's Post-Holiday Trading Begins with ES9 Launch and Profit Goals in Focus
NIO's U.S.-listed shares fell 7.1% ahead of Memorial Day. The company launches its ES9 electric SUV in China on Wednesday, targeting Q2 deliveries of 110,000-115,000 units.
