Super Micro Computer Inc. ( SMCI ), a key player in AI-optimized server infrastructure, made headlines this week with the announcement of a landmark partnership with Saudi-based data center developer DataVolt. Under a newly signed memorandum of understanding (MOU), the two companies aim to build hyperscale, gigawatt-class AI campuses in Saudi Arabia—facilities powered entirely by renewable energy and net-zero technologies. The deal, still pending definitive agreements, carries a minimum product value estimated at $20 billion. Supermicro will supply DataVolt with its ultra-dense GPU platforms, rack plug-and-play systems, and state-of-the-art direct liquid cooling (DLC-2) technologies. These offerings promise to cut power costs by up to 40% and lower total cost of ownership (TCO) by up to 20%, delivering a compelling infrastructure proposition for next-generation AI deployments. "This collaboration will deliver significantly enhanced computing power for the next generation of AI inf...

CoreWeave ( CRWV ) delivered its first earnings report as a public company Wednesday evening. The earnings report revealed robust revenue growth driven by surging AI infrastructure demand—but also exposing a high-risk financial profile that rattled investors. Shares of the Nvidia-backed ( NVDA ) AI cloud provider whipsawed Thursday, plummeting 9% early in the session before staging a dramatic reversal and closing the day up more than 22%. The rally came on the heels of CoreWeave’s announcement of a new $4 billion deal with OpenAI and a bullish revenue forecast that outpaced Wall Street expectations. Yet beneath the surface, CoreWeave’s mounting interest costs and aggressive capital expenditures stirred concerns among analysts. The company plans to spend between $20 billion and $23 billion in 2025—well above the $18.3 billion analysts had projected, according to Bloomberg data. DA Davidson analyst Gil Luria responded with a rare downgrade, slashing CoreWeave’s rating to Underperform. “T...

President Donald Trump announced over $200 billion in new commercial agreements between the United States and the United Arab Emirates. This agreement marks a significant expansion in economic ties and delivering a broad boost to American industry. Among the most prominent deals, Boeing  ( BA ) and GE Aerospace ( GE ) secured a $14.5 billion order from Etihad Airways for 28 American-made aircraft, including Boeing 787s and next-generation 777Xs powered by GE engines. This deal alone is expected to support 60,000 U.S. jobs across the manufacturing sector. The initiative also includes a $4 billion investment by Emirates Global Aluminum to develop one of the first new primary aluminum smelters in the U.S. in nearly half a century. The Oklahoma-based project will create 1,000 new jobs and double U.S. aluminum production capacity—strengthening domestic manufacturing and critical mineral supply chains. Meanwhile, Holtec International and the UAE's IHC committed to up to $30 billion ...

AI orders surpass $600 million as Cisco System ( CSCO ) raises full-year outlook. Cisco Systems delivered a standout performance in its fiscal third quarter, riding strong enterprise demand for artificial intelligence, networking, and cybersecurity products. The company reported revenue of $14.15 billion, an 11% increase from the previous year and ahead of Wall Street’s $14 billion consensus. Adjusted earnings came in at $0.96 per share, beating the $0.92 estimate. The stock surged nearly 6% following the announcement, currently at $64.80 — its highest level since February. The surge was driven by robust momentum in Cisco’s AI infrastructure offerings. The company secured over $600 million in AI-related orders during the quarter, exceeding its full-year goal of $1 billion in just nine months. Security was another bright spot, with revenue in that segment jumping 54% year over year to $2 billion. CEO Chuck Robbins said the performance reflects “clear demand” for Cisco’s technology, addi...

Walmart Inc. ( WMT ) delivered a solid first-quarter performance, surpassing Wall Street expectations on earnings and U.S. sales. But any optimism was tempered by warnings of looming price hikes and economic unpredictability tied to U.S. trade policy. For the quarter ended April, Walmart posted adjusted earnings of $0.61 per share, beating consensus forecasts of $0.58, and reported revenue of $165.6 billion, up 2.5% year over year. U.S. same-store sales rose 4.5%, well above the 3.85% analysts expected, with health, wellness, and grocery categories driving growth. E-commerce also played a significant role, with online sales up 22%—marking the first quarter of global profitability for that segment. Despite the beat, Walmart shares opened sharply lower Thursday, dropping 5% in early trading as executives warned of rising costs driven by tariffs and “substantial uncertainty” for the year ahead. The stock was down 3.2% by mid-morning. Tariff Turbulence Threatens Margins The main source of ...

Advanced Micro Devices ( AMD ) shares jumped more than 5% on Wednesday following a string of developments that reposition the chipmaker at the forefront of the global artificial intelligence (AI) race.  Chief among them: a newly approved $6 billion share buyback authorization—on top of an existing $4 billion plan—and a landmark deal with Saudi Arabian AI firm Humain to co-develop data center infrastructure. The partnership between AMD and Humain, a subsidiary of the Kingdom’s $925 billion Public Investment Fund, aims to roll out 500 megawatts of AI computing capacity spanning Saudi Arabia and the U.S. over the next five years. The total investment could reach $10 billion, making it one of AMD’s most ambitious ventures to date. In a statement, AMD Chair and CEO Lisa Su called the expanded buyback plan a vote of confidence in the company’s “strategic direction, growth prospects, and ability to consistently generate strong free cash flow.” Analysts took note. Bank of America boosted ...

Tesla Inc. ( TSLA ) surged again Thursday morning, extending its recent rally as Wall Street digested new developments around CEO Elon Musk's compensation and the resumption of key component shipments from China. Shares rose nearly 3% to $344, outperforming the broader S&P 500 and Dow Jones Industrial Average. Central to the uptick is news that Tesla’s board is actively revisiting Musk’s pay, a topic that has long stirred both investor enthusiasm and legal scrutiny. The Financial Times reported that a two-member special committee—Chairwoman Robyn Denholm and board member Kathleen Wilson-Thompson—is exploring alternative compensation for Musk following the Delaware court’s nullification of his 2018 record-setting $56 billion pay package. That package, made up of 304 million performance-based options, was deemed excessive by Chancellor Kathaleen McCormick, citing governance issues and conflicts of interest. Yet, with Musk hinting at stepping back from Tesla unless his influence i...