Lumentum’s quarterly sales more than double as AI data-center demand surges
Lumentum's fiscal fourth-quarter revenue more than doubled to $1.01 billion as AI data centers snapped up its optical components, and…
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CoreWeave shares jump 12% after revenue more than doubles in second quarter
CoreWeave's stock jumped in extended trading after second-quarter revenue more than doubled and beat Wall Street estimates. The AI cloud…
Scott Bessent endorses Meta’s Muse Glimmer open-source AI model as win for US innovation
US Treasury Secretary Scott Bessent has endorsed Meta's new open-source AI model, Muse Glimmer, calling it a win for American…
Nvidia’s new AI financing deals ease circularity fears, analysts say
Nvidia's new financing partnerships with Apollo, Blackstone, Goldman Sachs and other investors are easing analyst worries about how closely the…
AMD projects data center revenue will more than double by 2027 on AI inference demand
AMD's data center division posted $6.7 billion in revenue for Q2 2026, a 107% jump from a year earlier, and…
