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Key PlayersNVIDIA, AWS, CoreWeave

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AMD's Data Center Revenue Doubles to $6.7 Billion as AI Chips Drive Growth, Gaming Sales Drop 31%

AMD reported record Q2 2026 revenue of $11.5 billion, up 50% year-over-year, driven by surging demand for AI-focused data-center chips. The company's data center business more than doubled to $6.7 billion, now representing 58% of total revenue. However, gaming revenue fell 31% to $779 million amid console cycle slowdown and component shortages.

Business23 sources

AMD's Data Center Revenue Doubles to $6.7 Billion as AI Chips Drive Growth, Gaming Sales Drop 31%

Business23 sources

DigitalOcean Surpasses Q2 Expectations with 29% Revenue Growth Fueled by Surging AI Demand

DigitalOcean reported stronger-than-expected Q2 results with revenue jumping 29% year-over-year to $281 million, driven by explosive demand for AI services. The company's annualized recurring revenue from AI customers surged 212% to $234 million. CEO Paddy Srinivasan revealed the company is now securing nine-figure annual commitments from AI-focused clients.

Business8 sources

DigitalOcean Surpasses Q2 Expectations with 29% Revenue Growth Fueled by Surging AI Demand

Business8 sources

Marvell Technology Stock Surges 10% on Next-Gen AI Storage Unveiling at Flash Memory Summit 2026

Marvell Technology shares jumped 10% after unveiling next-generation AI memory and storage solutions at Flash Memory Summit 2026. The company introduced the Bravera SC6 PCIe 6.0 SSD controller and rack-scale memory systems designed to address AI memory bottlenecks, while announcing a $250 million India R&D expansion.

Technology2 sources

Marvell Technology Stock Surges 10% on Next-Gen AI Storage Unveiling at Flash Memory Summit 2026

Technology2 sources

Corvex Stock Surges 88.7% After Securing Multi-Year NVIDIA Blackwell GPUs Deal With AI Company

Corvex stock doubled in pre-market trading after the AI cloud-computing company announced a multi-year agreement to provide clusters of NVIDIA Blackwell GPUs to an unnamed leading AI company. The deal expands an earlier customer commitment and showcases Corvex's ability to deploy liquid-cooled Blackwell capacity in roughly two weeks.

Business2 sources

Corvex Stock Surges 88.7% After Securing Multi-Year NVIDIA Blackwell GPUs Deal With AI Company

Business2 sources

Sharon AI Secures $373 Million Cloud Deal as Pipeline Hits $8.8 Billion Despite Q2 Revenue Miss

Sharon AI announced a $373 million cloud computing service agreement with a global AI platform, bringing its contracted AI factory capacity to 120MW. The deal comes as the Australian AI infrastructure company reported Q2 revenue of $1.93 million against analyst expectations of $7.54 million, while simultaneously revealing an $8.8 billion total contract value pipeline.

Technology4 sources

Sharon AI Secures $373 Million Cloud Deal as Pipeline Hits $8.8 Billion Despite Q2 Revenue Miss

Technology4 sources

AI Power Demand Crisis Forces Data Centers to Buy Ship Engines for Off-Grid Solutions

A South Korean shipbuilder sold $673.8 million worth of engines to power US data centers off the grid, marking AI's escalating power crunch. HD Hyundai's 1,000 MW engine order highlights how grid interconnection delays are forcing tech companies to build their own power generation, even as volatile power demand damages critical infrastructure.

Technology8 sources

AI Power Demand Crisis Forces Data Centers to Buy Ship Engines for Off-Grid Solutions

Technology8 sources

AI-Linked Stocks Drive S&P 500 and Dow to Record Highs Amid Strong Earnings Season

Strong AI-driven demand forecasts from Palantir and ON Semiconductor pushed stock futures higher, with the S&P 500 and Dow Jones Industrial Average hitting record highs. The rally comes as 85.2% of companies beat second-quarter earnings estimates, while Middle East deal hopes and Federal Reserve policy decisions keep investors cautious about future rate moves.

Business5 sources

AI-Linked Stocks Drive S&P 500 and Dow to Record Highs Amid Strong Earnings Season

Business5 sources

Anthropic Signs $10 Billion Deal With Seven-Month-Old AI Cloud Startup Volta

AI cloud startup Volta, valued at $2.4 billion and barely seven months old, has secured a $10 billion, six-year compute deal with Anthropic. Backed by Nvidia and Michael Dell, Volta will deliver AI infrastructure through a 133-megawatt Norway facility built with crypto miner Bitdeer, marking one of the largest AI partnerships for a newly launched company.

Business13 sources

Anthropic Signs $10 Billion Deal With Seven-Month-Old AI Cloud Startup Volta

Business13 sources

US Ban on Chinese AI Hardware Could Disrupt Data Centers and Raise Costs for Amazon, Microsoft

The Trump administration is drafting a ban on Chinese data center components, targeting optical transceivers that power AI infrastructure. Zhongji Innolight and Eoptolink shares plunged 8-16% as the Federal Communications Commission moves to block imports over national security concerns, threatening to disrupt AI supply chains and increase costs for major hyperscalers.

Policy14 sources

US Ban on Chinese AI Hardware Could Disrupt Data Centers and Raise Costs for Amazon, Microsoft

Policy14 sources

Google Builds $200bn AI Chips Infrastructure With Broadcom, Apollo & Blackstone to Power Anthropic

Google has assembled one of the largest infrastructure financing programmes in history—worth roughly $200 billion—to sell Tensor Processing Units to Anthropic. The effort brings together Broadcom, Apollo, Blackstone, and Morgan Stanley in a web of transactions spanning chip manufacturing to data centre development, potentially unlocking $252 billion in TPU revenue by 2028.

Business2 sources

Google Builds $200bn AI Chips Infrastructure With Broadcom, Apollo & Blackstone to Power Anthropic

Business2 sources

Nvidia's CUDA Moat Faces First Real Threat as AI Coding Agents Build Rival Software in 10 Hours

Startup Infinity used AI coding agents to rebuild CUDA-like software for chip firm D-Matrix in just 10 hours, signaling a credible challenge to Nvidia's two-decade software dominance. As the AI chip market shifts from model training to inference workloads, chip-agnostic software and AI-generated code threaten to erode the technical moat that has kept Nvidia's dominance intact.

Technology2 sources

Nvidia's CUDA Moat Faces First Real Threat as AI Coding Agents Build Rival Software in 10 Hours

Technology2 sources

Majestic Labs unveils Prometheus AI server with 128TB memory to challenge Nvidia's dominance

Tel Aviv startup Majestic Labs has unveiled Prometheus, a GPU-free server that uses up to 128TB of LPDDR6 memory and Arm cores to tackle AI's memory wall. The company claims one rack matches 25 Nvidia Vera Rubin racks at lower power, but hardware hasn't shipped or been independently tested yet.

Technology2 sources

Majestic Labs unveils Prometheus AI server with 128TB memory to challenge Nvidia's dominance

Technology2 sources

Amazon Joins $3 Trillion Club as AI Demand Powers AWS to Fastest Growth in Four Years

Amazon market capitalization surpassed $3 trillion for the first time, fueled by artificial intelligence optimism and Amazon Web Services revenue hitting $42.2 billion with 37% growth. CEO Andy Jassy raised capital expenditure projections to $220 billion as AI demand outpaces capacity.

Business7 sources

Amazon Joins $3 Trillion Club as AI Demand Powers AWS to Fastest Growth in Four Years

Business7 sources

Steve Hanke Says AI Costs Too Much to Replace Most Jobs, Challenging Industry Hype

Johns Hopkins economist Steve Hanke argues AI won't destroy most jobs because deploying it costs more than hiring humans. He calls AI "incredibly costly" and resource-intensive, requiring huge amounts of water, power, and physical capital, challenging predictions from AI evangelists like Jensen Huang and Elon Musk.

Business2 sources

Steve Hanke Says AI Costs Too Much to Replace Most Jobs, Challenging Industry Hype

Business2 sources

James Dacombe's Olix AI Chip Startup Triples Valuation to $3.3bn in Six Months

James Dacombe's AI chip startup Olix raised $312mn from Fundomo, Arm, and Reed Hastings, tripling its valuation to $3.3bn in six months. The London-based firm bypasses supply chain bottlenecks with photonic interconnect technology, positioning itself as a specialized alternative to Nvidia in the booming AI infrastructure market.

Startups5 sources

James Dacombe's Olix AI Chip Startup Triples Valuation to $3.3bn in Six Months

Startups5 sources

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