Closed · opens Mon 9:30 AM ET
The Marked Chart Wire · Tech and AI
AI Spending
Altimeter Capital CEO Brad Gerstner said the AI computing demand outlook for the next year is uncertain, even as he expects growth to continue. He cut his fund's AI exposure while investors question whether revenues justify large infrastructure spending.
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.
AI Spending
Meta's Muse product is performing well, but its success highlights broader questions about whether artificial intelligence spending delivers expected financial returns for companies.
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.
CoreWeave
Blackstone COO Jon Gray said CoreWeave can navigate its roughly $51.6 billion debt load because AI compute demand remains strong and prices have risen 50 percent. He expects a solid fourth quarter and 2027 despite elevated loan expenses.
CoreWeave
Bank of America maintained a buy rating on CoreWeave with a $140 price target, citing $129 billion in contracted demand. The bank warned the company needs about $20 billion in financing and expects third-quarter capital spending to reach $12.5 billion.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.