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ServiceNow Attracts Major Institutional Buying Amid AI Focus
Institutional investors boosted ServiceNow holdings in Q4, with three firms hiking stakes by up to 885%. The workflow software firm reported 22% revenue growth to $3.77 billion.
Alphabet's AI Rally Faces EU Antitrust Hurdle as Capex Risks Loom
Alphabet shares edge up pre-market as analysts raise price targets after strong Q1 earnings, but EU antitrust action and heavy capex spending test the AI-driven rally.
Strategy Inc. Halts Bitcoin Buys to Repurchase $1.5B Convertible Notes
Strategy Inc. paused bitcoin acquisitions to repurchase $1.5 billion of its 2029 convertible notes, paying $1.38 billion in cash. Shares fell 3% as bitcoin traded near $77,100.
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.