Tencent Plans to Double AI Investment to $5B in 2026
Tencent's 2025 results beat estimates, with the company spending $2.6B on AI last year and planning to at least double that in 2026 despite ongoing GPU supply constraints from US export controls.
Earnings
Oracle's $553B AI Backlog Says Cloud Is Cashing In
Oracle's Q3 FY2026 results show $553B in contract backlog - up 325% year-over-year - as AI infrastructure demand continues to outpace supply.
Broadcom AI Revenue Doubles to $8.4B, Eyes $100B in 2027
Broadcom's Q1 2026 earnings show AI chip revenue up 106% year-over-year, with Anthropic, OpenAI, and Meta driving demand toward a $100 billion custom silicon forecast for 2027.
CoreWeave Crashes 19% After Earnings Reveal a $35 Billion Spending Gamble
CoreWeave stock plunged nearly 19% after Q4 earnings revealed widening losses, an 894% debt-to-equity ratio, and plans to spend up to $35 billion on data center expansion in 2026.
Baidu Loses $11 Billion in Market Value as AI Revenue Grows But Advertising Collapses
Baidu's third consecutive quarter of revenue decline wiped $11 billion off its market cap, exposing the gap between its AI ambitions and the advertising business still funding them.
Nvidia Drops 4% Despite Crushing Every Estimate - Welcome to 'Beat the Beat' Market
Nvidia posted record Q4 revenue of $68.1 billion, beat EPS by 6%, guided Q1 to $78 billion above all estimates, and the stock still fell 4.33% the next day. The AI trade has entered a new phase where beating expectations is no longer enough.
