All articles tagged with #ai cloud services
Iren announced a $9.7 billion multiyear AI cloud services contract with Microsoft, using Nvidia chips, leading to a significant stock surge. Other bitcoin miners pivoting to AI, like Cipher Mining and Core Scientific, also saw substantial gains, reflecting an AI spending boom that is boosting related stocks and Nvidia's value.
Oracle's strong quarterly report, driven by a surge in AI cloud service demand and a significant increase in backlog to $455 billion, has boosted investor confidence and caused a 36% rise in its stock, positively impacting related industrial stocks and the broader market.
Google is launching the Pixel 10 and Pixel 10 Pro, featuring significant hardware upgrades with a new Tensor G5 chip fabricated by TSMC, enhanced AI capabilities, and expanded cloud AI services, positioning itself to potentially surpass Apple in AI-driven smartphone features and redefine the future of mobile technology.
CoreWeave exceeded revenue estimates in Q2 due to rising demand for AI cloud services, driven by AI inference needs, but reported a larger-than-expected net loss of $290.5 million, leading to a 10% drop in shares. The company is expanding its data center infrastructure and has increased its revenue forecast for the year.