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AI Infrastructure Trade Roars Back as Tech Giants Boost Spending

AI Infrastructure Trade Roars Back as Tech Giants Boost Spending

Bloomberga day ago

Shares of companies that provide infrastructure for artificial-intelligence development are soaring after a tumble earlier this year, as spending from Big Tech restores investor confidence in the volatile sector.
Two baskets tracked by Goldman Sachs Group Inc. — one tracking AI data centers and electrical equipment stocks and another that follows shares of companies that supply power for data centers — are up 52% and 39% from their April lows, respectively. Individual standouts include Vertiv Holdings Co., which has notched a 94% gain since April 4, as well as Constellation Energy Corp., up 75% in that same period.

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Wayve and Uber plan London robotaxi launch after UK speeds up autonomous vehicle rollout
Wayve and Uber plan London robotaxi launch after UK speeds up autonomous vehicle rollout

Yahoo

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  • Yahoo

Wayve and Uber plan London robotaxi launch after UK speeds up autonomous vehicle rollout

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MLB acquires stake in Jomboy Media to expand digital presence
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