“The market is realizing it simply isn’t a strong long-term company model”
Category: Business
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Ford’s leaving the door open for a Chinese automaker collaboration, says RBC
US lawmakers have raced to introduce legislation to lock in restrictions on cheaper Chinese vehicles and parts ahead of the Trump-Xi meeting in May.
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Eli Lilly quells fears that its GLP-1 pill debut is off to a rocky start
Early prescription data for Foundayo showed the pill was having a lackluster rollout compared to its competitor.
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Nvidia tumbles after hyperscaler earnings, with GPUs no longer the missing ingredient in the AI boom
Hyperscalers aren’t talking as much about GPUs, Nvidia’s chief contribution to the AI boom, but continue to talk up their hardware offerings and the memory chip crunch.
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MARA surges on $1.5 billion acquisition of Long Ridge Energy, adding 1 gigawatt of potential power capacity
The acquisition agreement is part of the firm’s infrastructure goals to build an AI campus.
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Alphabet, Amazon, Microsoft, and Meta plan to spend more than $700 billion on capex this year
That’s up from the $600 billion they’d expected just last quarter.
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Microsoft’s capex outlay this year would be enough to buy every outstanding share of Disney
CFO Amy Hood said on last night’s earnings call that the company will spend $190 billion on capex in 2026.
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Caterpillar spikes as AI boom fuels demand for engines and turbines
The industrial powerhouse continues to cash in on the AI boom.
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Xbox has “work to do” as console sales drop 33% in Q3
Microsoft said gaming revenue fell by $380 million in the quarter.
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The number of people using Meta apps just fell for the first time in seven years
The company shed 20 million “daily active people” across its app family in the first quarter.
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Google’s business did great — its investments in other businesses did even better
The company racked up an eye-popping $36.9 billion of investment gains during the quarter, largely from its stakes in private companies like Anthropic and SpaceX.
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Equinix drops after Q1 results disappoint and boost to full-year sales guidance falls short of expectations
The data center REIT was an industry leader heading into its Q1 results.