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...
TL;DR — Samsung’s chip division posted operating profit up 1,804% year over year, SK Hynix hit a 76% operating margin, and Micron posted an 84.6% gross margin on revenue up 346%. But Samsung’s own phone division swung to a loss on higher chip costs, SK...
TL;DR — Apple bought back $61.8 billion of its own stock in nine months while guiding to roughly $14 billion in annual capex, a fraction of what Amazon, Alphabet and Meta are spending on AI infrastructure. Apple is sitting out the AI capex race almost entirely. Apple...
TL;DR — Apple posted record fiscal third-quarter revenue of $109.4 billion, up 16%, with iPhone revenue up 22% to $54.3 billion and Mac revenue up 29% — the best June quarter Apple has ever had. Services revenue, the segment Apple leans on to justify its valuation,...
TL;DR — Microsoft’s commercial remaining performance obligation, its contracted backlog, hit $678 billion, up 84% year over year. Azure crossed $100 billion in revenue, but the backlog number is the one that actually predicts the next three years. On the Q4...
