Oracle is expanding its AI infrastructure, but JPMorgan analyst Mark R. Murphy remains cautious due to potential oversupply. Oracle's data center push is promising, but it faces hurdles in keeping up with hyperscalers like Amazon and Boeing.
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Amazon has reportedly made a surprise, last-minute bid to acquire TikTok in its entirety. The news comes just weeks before the popular video app faces a U.S. ban if it does not sever ties with its Chinese parent company.
Morgan Stanley analysts said channel checks showed the first-quarter performance was largely in line with expectations but a pushout of deals will likely impact second-quarter performance.
In a move to bolster its AI data-center offerings, Advanced Micro Devices (NASDAQ: AMD) completed its $4.9 billion acquisition of data-center equipment designer, ZT Systems on Monday.
For a company that depends on government contracts, primarily the US government for most of its revenue, Palantir (NASDAQ: PLTR) has a lot at stake with the federal budget about to get slashed to the tune of $1 trillion by May this year, as part of the D.O.G.E initiative, spearheaded by Elon Musk.
The White House is set to meet with key officials to discuss TikTok's future as it faces an April 5 deadline to find a non-Chinese buyer, with private equity firms and major U.S. investors reportedly bidding for its U.S. operations.
