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AI spending boom

Coverage of AI spending boom in the Nexus archive.

Earliest in view: Jun 4 · 22:33 UTCMost recent: Jul 14 · 15:32 UTC
Co-mentioned in this coverage
IBMorganization1Red Hatorganization1software stockstopic1mainframe businesstopic1Broadcomorganization1Micron Technologyorganization1Nvidiaorganization1Jensen Huangperson1Trump bumptopic1
Recent coverage
  • BUSINESSJul 14 · 15:32 UTCNY POST
    IBM shares plunge 25% as AI spending boom hammers business: ‘Ugly moment for software stocks’

    IBM shares fell 25% as the AI spending boom negatively impacted the business, described as an 'ugly moment for software stocks.' The company is shifting focus from its cyclical mainframe business to its software unit, including the high-margin Red Hat business, which supports cross-cloud application management.

  • BUSINESSJun 4 · 22:33 UTCSEMAFOR
    Chip stocks fall after extended rally

    US chip stocks declined as concerns grew about the sustainability of AI spending, affecting companies like Broadcom and Micron Technology. Meanwhile, some AI ecosystem firms saw gains after Nvidia CEO Jensen Huang publicly praised them, echoing the 'Trump bump' effect.

AI spending boom · Dossier · The Nexus