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The Marked Chart Wire · Tech and AI
AI and chips
Jim Cramer attributes the recent AI stock decline to margin calls on leveraged positions rather than a collapse in data center demand. He expects a $10 trillion to $12 trillion AI build-out if credit pressures ease.
Block AI
The company revealed a model that processes audio directly without text conversion. It was trained on human dialogue using a single NVIDIA hardware unit.
AI Spending
Andy Jassy notes that running artificial intelligence models costs roughly 10 times more than needed for general software adoption. The retailer plans $220 billion in 2026 spending and has locked in $225 billion in future chip deals.
AI Spending
Nvidia CEO Jensen Huang said capital demand outstrips supply for AI infrastructure, though he expects the shortage to resolve. Goldman Sachs estimates AI spending will reach $7.6 trillion from 2026 to 2031.
Australian Data Centers
Less than a quarter of dozens of computing facilities in Sydney and Melbourne have secured confirmed electricity. NEXTDC shares plunged 41.7 percent after the firm lowered revenue forecasts due to delayed grid upgrades.
OpenAI
OpenAI is reportedly closing a $30 billion financing round valued at $1.25 trillion before new capital. UAE backers and Coatue lead the deal, which supports a planned 2027 public listing.
Nvidia
Nvidia introduced Minerva, an AI operations platform that monitors hardware and predicts failures in large data centers. IREN is already using the tool, while Tesla, IBM and Bitdeer plan to deploy it.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.