Includes major US listed cloud computing service providers. These companies provide IAAS, SAAS, and PAAS services, infrastructure, and solutions for companies and individuals, enabling them to quickly deploy and manage their own operations, applications, and systems. Cloud computing is a significant investment opportunity for its potential cost savings. By moving IT infrastructure to the cloud, companies can reduce capital expenditures on hardware and software and only pay for the services they use, freeing up resources to invest in other areas such as research and development or marketing. Increasing demand for storage and processing power is driving the growth of cloud computing. As more businesses move to digital platforms and adopt technologies like AI, the amount of data being generated is growing exponentially. Cloud computing offers a scalable solution to handle this data.
Google Co-Founder Larry Page's New AI Startup Could Change How Humans Make Things Forever: Report
Trader’s Edge (7 Mar 2025) - Trade Tension Batters US Equities; BNM Keeps OPR at 3.0%
The Nasdaq has fallen nearly 10% in two weeks, with chip stocks facing heavy short-selling.
In yesterday's Nasdaq crash, chip stocks led the decline, with the PHLX Semiconductor Index plummeting by 4.5%. Short sellers are aggressively shorting Technology stocks, pushing the shorting costs for the VanEck Semiconductor ETF to this year's highest point. The market is worried that Trump's trade disputes, stubborn inflation in the USA, and large-scale layoffs dominated by DOGE could trigger a recession or even stagflation in the USA. Additionally, the improvement of AI capabilities in China has sparked market concerns about the future demand for chips.
Elizabeth Warren Wants To Know From Elon Musk, Mark Zuckerberg And Jeff Bezos How Much They Spent Lobbying For 'Potential Windfall' — Accuses Tech Giants Of 'Cozying Up' Up To Trump Administration
Trump Says Would 'Probably' Extend TikTok Deadline, China 'to Play a Role' in Deal for App
OpenAI and Oracle are collaborating to build the 'Stargate': The Texas Datacenter will deploy 0.064 million NVIDIA AI Chips.
OpenAI and Oracle are accelerating the advancement of the hundred-billion-dollar "Stargate" supercomputing infrastructure project. Reports indicate that the Datacenter in Abilene, Texas is the first to launch, with plans to deploy 0.064 million NVIDIA GB200 chips at that Datacenter, with the first batch of 0.016 million chips expected to be completed this summer. The GB200 chips alone at the Abilene Datacenter are worth billions of dollars, and the "Stargate" plan goes far beyond this, as OpenAI and SoftBank are exploring locations in Pennsylvania, Wisconsin, and Salt Lake City to further expand the project's scale.