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Riot Platforms $9.1B AI deal fuels speculation around Anthropic IPO
Proactive11d agoneutral
Riot Platforms $9.1B AI deal fuels speculation around Anthropic IPO

Riot Platforms Inc (NASDAQ:RIOT) shares rose about 4% on Tuesday after the bitcoin mining company announced a 20-year data center lease with a leading frontier AI lab in a deal valued at approximately $9.1 billion over its initial term. The tenant was not identified by Riot, but the deal has...

Broadcom Can Eat Nvidia’s Lunch Just Like This
24/7 Wall St.11d agoneutral
Broadcom Can Eat Nvidia’s Lunch Just Like This

NVIDIA posted the largest data center quarter in history, yet one rival is growing AI revenue faster and quietly locking up the customers who matter most. The custom silicon war is already underway, and the scoreboard looks nothing like the headlines.

Why Open-Weight AI Models Matter and Meta Benefits from Them
The Wall Street Journal11d agoneutral
Why Open-Weight AI Models Matter and Meta Benefits from Them

Open-source software has been one of tech’s biggest-ever success stories. No surprise, then, that developers of open-weight AI models try to borrow some open-source sunshine. Meta Platforms chief Mark Zuckerberg on Monday became the latest tech executive to draw an equivalence between the two, calling open-weight models “open source AI” in a 6,500-word essay posted by the company.

Oil prices higher, stocks flat ahead of inflation report
AFP11d agoneutral
Oil prices higher, stocks flat ahead of inflation report

Oil prices bounced around in choppy trading and stock markets were little changed Tuesday as investors awaited a key inflation report and weighed progress on re-opening the Strait of Hormuz.  "But rising crude oil prices... and further delays in reopening the Strait of Hormuz, have introduced fresh inflation risks."

AppLovin Stock Is Today’s Worst Performer In the S&P 500. This Is Why.
Barrons.com11d agoneutral
AppLovin Stock Is Today’s Worst Performer In the S&P 500. This Is Why.

AppLovin stock took it on the chin Tuesday after a downgrade by a BofA Securities analyst who isn’t sure whether the ad-technology platform can jump-start its revenue growth. Shares were down 5% to $322.11 and were on pace for their lowest close since May 7, 2025, according to Dow Jones Market Data. The analyst, Omar Dessouky, lowered his rating to Neutral from Buy and cut his price target to $400 from $430.