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Alphabet Inc. (Class C)

Alphabet Inc. (Class C)

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NASDAQTechnology

425 stories mentioning Alphabet Inc. (Class C)Updated 1d ago

Alphabet's Google announced a $1.5 billion 2026-27 expansion of its Alabama data center campuses, funding its own power and infrastructure costs.

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Oracle Margin Pressure, Modest Guidance Raise Leave Morgan Stanley Needing More Visibility
US Markets

Oracle Margin Pressure, Modest Guidance Raise Leave Morgan Stanley Needing More Visibility

Oracle's (ORCL) fiscal first-quarter results showed surging cloud growth, but margin pressure and a "modest" earnings guidance raise left Morgan Stanley wanting more visibility on infrastructure buildout and profitability.Oracle reported strong fiscal first-quarter results late Thursday, driven by above-consensus cloud sales that were buoyed by infrastructure revenue growth of 121% year over year.Morgan Stanley said Friday the company's non-GAAP gross profit margin fell to 61% in the three months through August from 68.7% a year ago, missing the brokerage's and Wall Street's estimate of about 62%."Our gross margin did decline as expected, driven by impacts from ramping up our data centers and the acceleration of infrastructure revenue," Chief Financial Officer Hilary Maxson said during Thursday's earnings call, according to a FactSet transcript. "However, this was offset in the quarter by lower operating costs and strong operating leverage tied to simplification and efficiency actions."Oracle expects gross margins to "flatten" over the next couple of years, Maxson told analysts."We'd like to see more evidence of the progress towards gross margin stabilization, more visibility on where and when infrastructure capacity comes on stream and (ideally but less critically) an improving trend in apps to turn more constructive," Morgan Stanley said.Cloud application revenue missed Wall Street's estimates by 1% in the first quarter, the brokerage wrote.Oracle raised its fiscal 2027 adjusted earnings per share guidance to $8.10 from $8.05. Morgan Stanley described the upward revision as "modest."The brokerage reiterated its equal-weight rating on Oracle's stock, with a $210 price target.The company reported capital expenditure of $28.50 billion in the first quarter, resulting in negative free cash flow of $5.40 billion. "Our capex will not be linear throughout the year," Maxson said. "We continue to anticipate $90 billion to $95 billion in capex for the full year, with not more than $70 billion in net cash capex."Oracle's plan to convert nearly half of its $664 billion remaining performance obligations into revenue over the next 36 months without lifting the capex outlook is encouraging, Morgan Stanley added.Shares were down 0.9% in Friday trading. The stock has lost 22% this year.Amazon's (AMZN) second-quarter results showed in July that operating margin increased to 13.7% from 11.4% in the same quarter last year, while Alphabet (GOOG, GOOGL) expanded 2 percentage points to 34%. Microsoft (MSFT) reported that its fiscal fourth-quarter gross margin jumped to $60.48 billion from $52.43 billion in the prior-year period.Price: $151.89, Change: $-1.05, Percent Change: -0.69%

$AMZN$GOOG$GOOGL$MSFT$ORCL
Sectors

Sector Update: Financial Stocks Advance Pre-Bell Friday

Financial stocks were advancing pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 1.3% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 3.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 3.7% lower.UBS Group (UBS) has accepted $7.93 billion aggregate principal amount of notes in its cash tender offers for nine series of debt securities and upsized its maximum offer amount to about $5.85 billion from $4 billion, the company said. Shares of UBS Group were up more than 1% premarket.Blackstone (BX) intends to purchase many more tensor processing units from Alphabet (GOOG, GOOGL) unit Google than initially outlined, The Information reported, citing a person familiar with the matter. Blackstone stock was 0.7% higher pre-bell.Thomson Reuters (TRI) priced a US public offering by its subsidiary, TR Finance, of $800 million of 5.1% notes due 2028 and $500 million of 5.750% notes due 2033. Thomson Reuters shares were up more than 1% premarket.

$BX$FAS$FAZ$GOOG$GOOGL$TRI$UBS$XLF
Commodities

Valorem, Google Ink Long-Term PPA for Finnish Wind Capacity

Google (GOOG) has expanded its clean energy portfolio in Finland through a ten-year power purchase agreement with Valorem Group, securing additional onshore wind generation from the Matkussaari facility.Valorem Group said Wednesday it finalized a long-term PPA with Google for 97.3 megawatts of capacity from the Matkussaari wind farm in Finland.Located in Kurikka, South Ostrobothnia, the 148.5-megawatt facility consists of 27 Nordex wind turbines and forms part of the broader 313.5-megawatt Viiatti project.The ten-year, pay-as-produced contract supports Google's growing digital infrastructure in Finland while bolstering local grid reliability and carbon-free energy supply.

$GOOG$GOOGL
Oracle Tops First-Quarter Expectations as Cloud Infrastructure Revenue More Than Doubles
US Markets

Oracle Tops First-Quarter Expectations as Cloud Infrastructure Revenue More Than Doubles

Oracle's (ORCL) fiscal first-quarter results surpassed Wall Street's estimates as cloud infrastructure sales more than doubled year over year.Revenue increased 30% year-on-year to $19.35 billion during the three months through August, above the FactSet-polled consensus of $19.14 billion. Adjusted earnings per share rose to $1.92 from $1.47 a year earlier, compared with the Street's $1.74 view.Cloud sales advanced 62% to $11.61 billion, driven by a 121% jump in infrastructure to $7.39 billion. Wall Street expected $11.51 billion in overall cloud revenue.Oracle's remaining performance obligations -- future commitments arising from contractual relationships -- soared $209 billion year-on-year to $664 billion. The company booked more than $30 billion of AI cloud contracts in the fiscal first quarter."Customer demand for AI cloud training and inferencing services continues to grow faster than supply," the cloud computing company said late Thursday.Oracle delivered more than 300,000 graphics processing units to AI cloud customers since the end of May, nearly triple the capacity shipped during the fourth quarter.Shares were up 6.8% in after-hours trading. The stock is down 22% this year through Thursday close.Oracle's software segment edged 3% lower annually to $5.55 billion.Earlier in the week, Oppenheimer said strong results across enterprise software companies in the most recent quarter point to healthy demand, which should bode well for Oracle's cloud business."Our regression analysis foretells upside in (Oracle cloud infrastructure, or OCI) growth and RPO conversions in (the fiscal first quarter)," the brokerage said in a Tuesday note. "In combination with additional gigawatt capacity coming online, this could support higher (fiscal 2027) guidance while reinforcing the bull case that OCI demand remains supply -- not demand -- constrained."Major technology companies have reported strong annual growth rates for their cloud businesses in the latest earnings season, with Alphabet's (GOOG, GOOGL) cloud revenue surging 82% to $24.77 billion. Microsoft (MSFT) cloud computing platform Azure rallied 43%, while Amazon's (AMZN) Web Services revenue jumped 37%.Oracle expects revenue to grow by 30% to 34% in the second quarter, with cloud sales seen rising 64% and 70%. Non-GAAP EPS is expected to grow between 21% and 25%, reaching $1.85 to $1.91. Markets expect adjusted EPS of $1.89 on consolidated revenue growth of 32% to $21.18 billion.Oracle raised its fiscal 2027 non-GAAP EPS guidance to $8.10 from $8.05. The company expects at least $90 billion in full-year revenue. Analysts expect $8.07 and $89.66 billion, respectively.

$AMZN$GOOG$GOOGL$MSFT$ORCL
Wire

Alphabet's Google Rolls Out Gemini App for Windows

Alphabet's (GOOG, GOOGL) Google launched the Gemini app for Microsoft's (MSFT) Windows, designed to work seamlessly alongside desktop tools and applications.The app offers access to Gemini Spark, a 24/7 personal AI agent, Google said Thursday in a blog post. Users can generate custom images with Nano Banana and high-quality videos with Gemini Omni.The app is available globally for Windows 10 and 11.Price: $329.79, Change: $+1.41, Percent Change: +0.43%

$GOOG$GOOGL$MSFT
Wire

Workday Appoints Chief Marketing Officer

Workday (WDAY) said Thursday it has appointed Sarah Kennedy Ellis as chief marketing officer, starting Oct. 5.Ellis joins Workday from Google, where she led global marketing for Google Cloud and Google Workspace, the company said.Price: $184.35, Change: $-1.70, Percent Change: -0.91%

$GOOG$GOOGL$WDAY
Wire

Market Chatter: Google, Fanuc Partner on AI-Backed Automated Welding System

Alphabet's (GOOG, GOOGL) Google and Japanese automation company Fanuc collaborated on an automated welding system backed by artificial intelligence and is slated for release in December, Nikkei Asia reported Thursday.The system uses AI-backed robots that leverage Google's Gemini Enterprise AI platform, allowing the robots to work from actual blueprints, according to the report. The system will be offered by subscription, Nikkei said, noting that pricing details are not yet announced.Google and Fanuc did not immediately respond to' requests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $328.28, Change: $-0.10, Percent Change: -0.03%

$GOOG$GOOGL
Wire

Alphabet's Google Enters Five-Year Carbon Credit Agreement With Mitti Labs

Alphabet's (GOOG, GOOGL) Google entered a five-year carbon credit agreement with Mitti Labs to help it ramp up climate-smart agriculture across 100,000 hectares of smallholder rice farms in India, the climate-technology startup said Thursday.By transitioning farmers to water and methane-savings irrigation practices, the deal will focus on eliminating three million tons of near-term warming impact while conserving water across the country, according to a statement.Under the agreement, Mitti Labs will deliver one million high-integrity credits to Google by 2030, according to the company.Price: $327.49, Change: $-0.89, Percent Change: -0.27%

$GOOG$GOOGL
Wire

Alphabet's TPU Sales Could Drive Significant Google Cloud Upside, Oppenheimer Says

Alphabet's (GOOG, GOOGL) tensor processing unit opportunity could drive substantial upside to Google Cloud revenue and earnings through 2028, Oppenheimer said in a report emailed Thursday.The firm forecasts about 6.6 gigawatts of external TPU sales through 2028, representing roughly $170 billion in "cumulative incremental" revenue that is not reflected in current Wall Street estimates. The projections imply Google Cloud revenue could be 15% above consensus in 2027 and 30% above in 2028, with "consolidated" earnings per share potentially 4% and 18% above consensus, respectively, according to the report.Oppenheimer raised Google Cloud revenue estimates to $120.4 billion for 2026, $203 billion for 2027 and $322.7 billion for 2028. Google Cloud operating profit was projected at $39.9 billion, $68.5 billion and $117.1 billion, respectively, according to the report.The firm also said an artificial intelligence survey showed Google remains "in lead position" with consumers. Gemini ranked as the second-most-used AI service behind Microsoft-backed (MSFT) OpenAI's ChatGPT, while respondents were about four times more likely to trust Google than Meta Platforms (META) "with passwords," a potentially important advantage for AI-driven commerce.Oppenheimer reiterated an outperform rating on Alphabet with a price target of $400.Price: $330.35, Change: $-0.30, Percent Change: -0.09%

$GOOG$GOOGL$META$MSFT
Wire

Update: Alphabet's Google Earmarks $15 Billion for AI Infrastructure in Finland

(Updates with additional details on Google's Finland investment from the third to fifth paragraphs.)Alphabet's (GOOG, GOOGL) Google will invest at least 13 billion euros ($15.1 billion) in artificial intelligence infrastructure in Finland in 2027 through 2028, the company said Wednesday.The investment, the company's largest in Europe, will cover new data center capacity, grid upgrades, and clean energy and battery projects, and is expected to support about 7,000 jobs annually once operational, Google said.Google has also signed a power purchase agreement with Finnish state-owned energy company Fortum, Fortum said. Under the deal, Google will secure up to 50% of the Loviisa nuclear power plant's capacity between 2030 and 2049.The agreement is expected to increase the power plant's capacity by 10 megawatts, in addition to the already planned 38-megawatt uprate, which is expected to be live in 2028, Fortum said.Fortum said it has also signed a memorandum of understanding with Google to explore new nuclear and renewable capacities and flexibility solutions, and energy portfolio management services.Price: $327.08, Change: $-8.30, Percent Change: -2.47%

$GOOG$GOOGL
Wire

Top Midday Stories: Meta Launches Muse Personal AI Agent; Dow Said to Consider Exiting $20 Billion Chemicals JV With Saudi Aramco

All three major US stock indexes were down in late-morning trading Wednesday, as oil prices climbed, stoking investor fears of rising inflation and a potential corresponding rise in interest rates.The US Treasury Department said Wednesday it will buy back up to $6 billion of longer-dated government debt, triple the amount initially communicated to market participants, according to media reports.In company news, Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals and continue working after users close the app. Meta shares were up 6.3% around midday.Dow (DOW) is considering plans to exit its $20 billion chemicals joint venture with Saudi Aramco, Bloomberg reported Wednesday, citing people familiar with the matter. Dow held a 35% stake in the venture, known as Sadara Chemical, as of last year, with Aramco holding the remainder, the report said. Saudi Aramco could acquire Dow's stake, or other strategic or financial investors could place bids for it, the report said, citing the people. Dow shares were down 1.2%.Chewy (CHWY) reported fiscal Q2 adjusted earnings Wednesday of $0.36 per diluted share, up from $0.33 a year earlier and matching the FactSet consensus analyst estimate. Fiscal Q2 net sales were $3.33 billion, up from $310 billion a year ago and above the FactSet consensus of $3.32 billion. An unidentified Chewy executive said on an earnings call with analysts that the company reset its expectations to reflect more cautious consumers earlier this year, and it is "not assuming a meaningful consumer recovery for the balance of this fiscal year," according to a FactSet transcript of the call. Chewy shares were down 9%.Apple (AAPL) is expected to unveil its first foldable phone, potentially called the iPhone Ultra, as well as the iPhone 18 Pro and Pro Max at 1 pm on Wednesday at an event, multiple media outlets reported. Separately, Apple, Alphabet (GOOG, GOOGL) and other major technology platforms will be required to stop children from taking, sharing or viewing nude images on their phones and tablets under proposed UK legislation, said Lisa Nandy, UK secretary of state for digital, culture, media and sport, Tuesday in a speech to Parliament. Apple shares were down 1.3%, while Alphabet's Class C and Class A shares were down 2.6% and 2.7%, respectively.UnitedHealth Group (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported Wednesday. UnitedHealth shares were down 2.5%, while TPG shares were down 3.4%.Price: $652.46, Change: $+38.98, Percent Change: +6.35%

$AAPL$CHWY$DOW$GOOG$GOOGL$META$UNH
Commodities

Google Plans 13 Billion Euro Finland Data Center Investment

Google (GOOG) plans to invest at least 13 billion euros ($15.13 billion) in digital infrastructure in Finland between 2027 and 2028, including data centers and supporting infrastructure in Hamina, Kajaani, Muhos and Vaala, the company said in a statement on Wednesday.Google said it plans to locate new data centers in northern Finland, where existing grid infrastructure is close to carbon-free energy sources.The company is working with Finnish transmission system operator Fingrid and Business Finland to identify locations for its infrastructure and grid connections.Google also announced a 22-year power purchase agreement with Finnish utility Fortum tied to a program to extend the operating life of the Loviisa nuclear power plant near its Hamina data center. Loviisa currently employs about 580 people and supplies about 10% of Finland's electricity. Without the extension program, the plant would not operate beyond 2030, Google said.Google and Fortum also signed a memorandum of understanding to explore additional flexibility and generation capacity, including potential new nuclear reactors at Loviisa.Additional wind power purchase agreements with Valorem and Suomen Hyotytuuli will bring Google's total supported new-to-the-grid onshore wind capacity in Finland to 629 megawatts, the company said. Google is also working to enable its wind portfolio to participate in Fingrid's ancillary markets and provide grid-balancing services.A 94-MW battery energy storage system is planned near Google's site in Kajaani and is expected to begin operating in late 2027. The system will provide flexibility to the Finnish grid and help balance supply and demand during periods of low wind generation.Google said the investment is expected to contribute an average of 3.6 billion euros a year to Finland's GDP during the construction period and support more than 37,000 jobs nationwide. Once operational, the facilities are projected to support about 7,000 jobs annually.Google also plans to invest 31 million euros over four years in Finnish programs, including 10 million euros for research and innovation.Price: $327.00, Change: $-8.38, Percent Change: -2.50%

$GOOG
Wire

Update: UK to Require Apple, Google to Block Nude Images on Children's Devices

(Updates to add Apple's comments in the fifth and sixth paragraphs.)Apple (AAPL), Alphabet's (GOOG, GOOGL) and other major technology platforms will be required to stop children from taking, sharing or viewing nude images on their phones and tablets under proposed UK legislation, Secretary of State for the Department for Digital, Culture, Media and Sports Lisa Nandy said Tuesday.The government plans to introduce the bill "as soon as [it] can," after giving Apple and Google a three-month timeframe in June to adopt device-level protections voluntarily, Nandy said in a speech to Parliament.Both companies have already developed "meaningful changes," but they still "do not meet the scale of [the] crisis," Nandy added.Google was "pleased to have made progress" and "fully committed" to working with lawmakers to keep children safe, a spokesperson toldin an emailed statement.An Apple spokesperson toldthat the company launched its "Communication Safety feature in 2021 to help prevent children from viewing or sharing photos or videos that contain nudity.""We share the UK's commitment to combating exploitation and abuse online, and have shared with UK officials future plans to strengthen Communication Safety and other tools even further to help keep kids safe," the Apple spokesperson said.Price: $317.27, Change: $+1.05, Percent Change: +0.33%

$AAPL$GOOG$GOOGL
Sectors

Sector Update: Tech Stocks Decline Premarket Wednesday

Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the iShares Semiconductor ETF (SOXX) 1% lower.Meta Platforms (META) shares were up more than 4% after the company launched a new personal artificial intelligence agent to help users complete tasks and pursue goals.Alphabet's (GOOG, GOOGL) Google will pour at least 13 billion euros ($15.1 billion) into AI infrastructure in Finland in 2027 through 2028, the company said. Alphabet stock was down more than 1% pre-bell.Lyft (LYFT) appointed Michael Brous as chief financial officer, effective Sept. 28. Additionally, the company reaffirmed its guidance for Q3, expecting quarterly gross bookings between $5.50 billion and $5.67 billion and adjusted EBITDA of $183 million to $203 million. Shares of Lyft were down more than 2% premarket.

$GOOG$GOOGL$LYFT$META$SOXX$XLK
Commodities

Exchange-Traded Funds, Equity Futures Down Pre-Bell Wednesday as Brent Crude Exceeds $100 a Barrel

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% lower in Wednesday's premarket activity as front-month North Sea Brent crude-oil futures exceeded $100 a barrel for the first time since July.US stock futures were mixed, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures losing 0.5% before the start of regular trading.Mortgage applications fell by 2.7% in the week ended Sept. 4 as a further increase in 30-year fixed mortgage rates depressed both refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was up by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.2% higher, Ether ETF (EETH) advanced 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.6%, the iShares US Technology ETF (IYW) was inactive, and the iShares Expanded Tech Sector ETF (IGM) was down 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.3%, while the iShares Semiconductor ETF (SOXX) dropped by 1.2%.Alphabet (GOOG, GOOGL) shares were down more than 2.2% in premarket activity after the company reported it will invest at least 13 billion euros ($15.10 billion) into AI infrastructure in Finland in 2027 through 2028.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) dropped by 0.2%.InnovAge Holding (INNV) stock was up more than 14% premarket after the company swung to fiscal Q4 earnings following stronger-than-expected revenue growth.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.8%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.5%.Amazon.com (AMZN) shares were down 1.6% pre-bell after the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day, according to a Bloomberg report.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI), the Vanguard Industrials Index Fund (VIS) remained inactive, and the iShares US Industrials ETF (IYJ) were inactive.Alamos Gold (AGI) stock was up more than 1.4% before the opening bell after closing down 1.4% Tuesday.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.9%.TotalEnergies (TTE) stock was up more than 1.3% before market open after Bloomberg News reported that TotalEnergies-backed NEO Next+ is among potential suitors considering buying BP's (BP) North Sea operations, the news outlet quoted people familiar with the matter as saying.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% higher.HSBC Holdings (HSBC) shares were down 1.2% in early-hours activity after the company reported it is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported Wednesday, citing a company spokesperson.CommoditiesFront-month US West Texas Intermediate crude oil rose by 2.8% to $95.66 per barrel on the New York Mercantile Exchange. Natural gas was down 2% at $2.86 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.8%, while the United States Natural Gas Fund (UNG) was 1.8% lower.Gold futures for November advanced by 0.1% to $4,446.10 an ounce on the Comex. Silver futures lost by 0.4% to reach $66.77 an ounce. SPDR Gold Shares (GLD) was up by 0.8%, and the iShares Silver Trust (SLV) rose by 0.6%.

Dow JonesNasdaq CompositeS&P 500$AGI$AMZN$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$HSBC$IBB$IGM$IGV$INNV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Alphabet's Google to Get Environmental Certificates From Texas Electric Truck Project

Alphabet's (GOOGL, GOOG) Google is partnering with Nevoya and the Center for Green Market Activation to deploy 25 electric semitrucks and the associated charging infrastructure on a new all-electric route between Houston and Dallas.Google said Tuesday it will receive the project's benefits in the form of environmental attribute certificates, which companies use to address logistics emissions in their supply chains.Price: $339.24, Change: $+0.78, Percent Change: +0.23%

$GOOG$GOOGL
Qualcomm to Supply Customized AI Chips to Amazon Web Services' Data Centers
US Markets

Qualcomm to Supply Customized AI Chips to Amazon Web Services' Data Centers

Qualcomm (QCOM) will provide custom-built chips and high-speed optical connectivity for the artificial intelligence data centers of Amazon's (AMZN) cloud computing division as part of a collaboration, the companies said Tuesday.In connection with the partnership, the semiconductor giant issued a warrant to Amazon to acquire up to 25 million Qualcomm common shares at an exercise price of $161.26 per share, according to a regulatory filing.Qualcomm shares were up 3.7% in Tuesday afternoon trade, while Amazon edged down 0.4%."As AI demand accelerates, data center infrastructure will require advances in both computing and connectivity to deliver greater performance with more efficiency," Qualcomm Chief Executive Cristiano Amon said in a statement. "Qualcomm is pleased to work with (Amazon Web Services) on customized silicon and connectivity solutions."The warrant allows for cashless exercise and is scheduled to expire Sept. 3, 2036, Qualcomm said in the filing. The warrant shares vest in tranches related to the execution of certain commercial arrangements and purchases of QTI's server chip products, technology, systems and manufacturing services by Amazon, up to a maximum amount of $60 billion in payments, according to the filing.In June, Qualcomm -- which has historically been known for designing and producing mobile phone chips -- said that it was accelerating its diversification roadmap to include AI data centers. The company said at the time it was aiming for more than $15 billion in data center revenue by fiscal 2029."By working together on customized silicon and advanced connectivity, we're delivering more performant, efficient, and cost-effective infrastructure for our customers," Prasad Kalyanaraman, vice president AWS, said Tuesday.Amazon and other hyperscalers are spending huge sums to expand their AI infrastructure footprints globally amid growing demand for AI and cloud services. In July, Amazon raised its full-year capital expenditures outlook to roughly $220 billion from $200 billion, driven by higher memory costs.Last month, chip designer Marvell Technology (MRVL) entered into a deal that would allow Alphabet's (GOOG, GOOGL) Google to purchase up to $12.18 billion of Marvell shares as part of a collaboration. That deal also involved the issuance of a warrant.As part of what it described as a "multi-generational product collaboration" with the e-commerce giant, Qualcomm said Tuesday intends to "deepen" its use of AWS AI infrastructure in designing chips.In June, Qualcomm agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal in a bid to bolster its ability to deliver a more optimized AI compute layer.Price: $175.23, Change: $+6.49, Percent Change: +3.85%

$AMZN$GOOG$GOOGL$MRVL$QCOM
Wire

Uber Technologies Poised to Benefit From Long-Term Trend for Autonomous Vehicles, Wedbush Says

Uber Technologies (UBER) will benefit from the long-term trend for autonomous vehicles, Wedbush said in a Tuesday note.Wedbush analysts said that the transition to autonomous vehicles will be a "rising tide" for all industry players, including Tesla (TSLA) and Alphabet's (GOOG, GOOGL) Waymo. Uber will play a key role specifically as a significant component of the network and distribution layer, as operators will need a partner to build out their networks, the analysts said.Uber has aggressively entered into partnerships with autonomous vehicle providers to solve the challenge of supply fragmentation, the analysts said. They also said that while investors remain concerned about autonomous vehicles, early indicators currently favor the company, with Uber AV Mobility Trips up 10 times from a year ago and are currently live in eight cities.Further, the company's autonomous vehicles business is not showing signs of taking trips away from human drivers, the analysts noted.The company is on track to be facilitating autonomous vehicle trips in around 15 cities by the end of 2026, and targets to be the largest facilitator of such trips globally by 2029.According to the note, Uber expects to allot more than $10 billion of capital over the next few years as it scales operations through equity investments, infrastructure and vehicle offtake commitments, according to the note.Wedbush's rating on the company's stock is outperform with a price target of $91.Price: $73.59, Change: $-2.17, Percent Change: -2.86%

$GOOG$GOOGL$TSLA$UBER
Wire

DocuSign Launching Agreement Layer Product to AI Agents

DocuSign (DOCU) will open its Model Context Protocol server to every artificial intelligence agent on Sept. 30, the company said Friday.With the MCP server available globally, agreement intelligence will be callable natively from Anthropic's Claude, OpenAI's ChatGPT, Alphabet's (GOOGL, GOOG) Google Gemini, Microsoft's (MSFT) Copilot and Salesforce's (CRM) Slack, DocuSign said.AI agents will be able to see the context of past negotiations, terms and clauses, as well as company policy via its AI engine Iris, DocuSign said.Price: $69.00, Change: $+3.03, Percent Change: +4.59%

$DOCU$GOOG$GOOGL$MSFT
Nvidia Agrees to Buy Hugging Face in $12.93 Billion Deal
US Markets

Nvidia Agrees to Buy Hugging Face in $12.93 Billion Deal

Nvidia (NVDA) has agreed to acquire artificial intelligence platform Hugging Face in a deal worth up to $12.93 billion as the technology bellwether pledged to foster open-source models in the AI ecosystem.Nvidia will pay roughly $11.9 billion to Hugging Face's shareholders as part of the deal, which includes an equity-based retention program of up to $1 billion for employees joining the chip giant, it said in an 8-K filing. Hugging Face operates a platform for developing and deploying open-source models, datasets and applications, according to Nvidia.Nvidia's shares rose 1.1% in Thursday trade, taking its year-to-date gain to 22%."Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide," Nvidia Chief Executive Jensen Huang said in a blog post.Nvidia intends to keep Hugging Face an open platform, with no requirement that Nvidia's compute be used to build or deploy through Hugging Face, Huang said."As the opportunity for open models accelerates, Hugging Face can serve the global AI community at unprecedented scale," according to Huang. "Nvidia's infrastructure, engineering and global reach can help improve platform reliability, safety, model evaluation, inference and deployment capabilities, while preserving the open ecosystem that made Hugging Face foundational."The transaction, which requires regulatory approval, is expected to complete in the first half of next year, Nvidia said in the filing.Nvidia cautioned that government restrictions on the use of open-source models that originated in China could limit the expected benefits of the acquisition."Any regulatory control or other restriction that limits our ability to provide products and services that support models derived from any region, including China, could have a material impact on Hugging Face's platform, as well as a material impact on our business, operating results, and financial condition," the company said in the regulatory filing.The deal comes as major technology companies step up acquisitions to bolster their capabilities. Alphabet's (GOOG, GOOGL) Google agreed in March 2025 to acquire cloud security platform Wiz for $32 billion and completed the transaction in March this year.Meta Platforms (META) announced a deal to acquire AI startup Manus in December 2025. However, Chinese regulators ordered the transaction to be unwound, Reuters reported in August.Earlier this week, Nvidia expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale AI chips.Last month, the tech bellwether reported fiscal second-quarter results that more than doubled from a year ago and topped Wall Street expectations. In the same month, Nvidia announced an expanded partnership to supply 2 million additional graphics processing units for Amazon.com's (AMZN) Amazon Web Services.Price: $227.62, Change: $+3.21, Percent Change: +1.43%

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