TL;DR — Broadcom’s AI chip backlog reached $73 billion, built almost entirely on custom silicon for Google, Meta, Anthropic and OpenAI, the same companies trying to rely less on Nvidia. Diversifying away from Nvidia doesn’t reduce chip supplier...
TL;DR — Oracle’s contracted backlog hit $638 billion, up 363% year over year, in the same year free cash flow went negative $23.7 billion. The stock fell 8.5% on the news because the market is pricing the financing gap, not the demand. Oracle just reported the...
TL;DR — CoreWeave’s revenue backlog grew from $104 billion at quarter-end to roughly $129 billion by mid-August, after $25 billion of new commitments. Revenue grew 112% to $2.575 billion, but CoreWeave still posted a $626 million net loss and carries $35 billion...
TL;DR — Tesla delivered a record 480,126 vehicles in the second quarter, up 25%, and revenue grew 26% to $28.24 billion. Operating margin collapsed to 1.4% and operating income fell 57%, while capital expenditures jumped 142% to $5.79 billion on Robotaxi and Cybercab...
TL;DR — Meta financed a $30 billion Louisiana data center through a joint venture with Blue Owl Capital, keeping the debt off its own balance sheet entirely. Private credit is quietly becoming the default way hyperscalers pay for the AI buildout. In October 2025, Meta...
