OpenAI, Nvidia, Alphabet and more sign AI deal with Pentagon
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Nvidia, Microsoft, Google, SpaceX, OpenAI, and Amazon will all serve as artificial-intelligence vendors for the Department of Defense.
Intel reported first-quarter financial results that crushed estimates on the top and bottom lines. Revenue increased 7% to $13.6 billion, driven by particularly strong sales growth in the data center segment, and non-GAAP earnings soared 123% to $0.29 per diluted share.
AI costs are surpassing employee salaries, says Nvidia’s Bryan Catanzaro.
For most of the AI boom, Nvidia (NVDA) has been the only name that mattered in data center hardware. That dynamic is shifting. AMD (AMD) stock has risen 55% year-to-date
Nebius has risen over 70% this year so far.
Varun Sivaram, CEO of NVIDIA-backed Emerald AI, has gained attention after the company was named to the TIME 100 Most Influential Companies of 2026.
Investors seem worried about the potential for increased competition in the AI-chip market.
NVIDIA (NASDAQ:NVDA) is up 96.1% over the past year and just crossed a $5.26 trillion market cap on the same agentic AI thesis Evercore and Wedbush keep recycling around Microsoft (NASDAQ:MSFT)’s 50-day moving average.