Earnings
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Adobe CEO Shantanu Narayen to Step Down After 18 Years as AI Pressure and Stock Decline Reshape the Creative Software Giant
Narayen will remain as board chair while Adobe searches for a successor amid a stock slide from $688 to under $250 and mounting AI competition.
Oracle Shatters Growth Records as AI Infrastructure Revenue Surges 243 Percent and Cloud Backlog Hits 553 Billion Dollars
Oracle's Q3 FY2026 earnings reveal its fastest organic revenue growth since 2009, driven by explosive AI infrastructure demand, a 531 percent jump in multicloud database revenue, and a remaining performance obligations backlog that has tripled year over year.
Meta Breaks Ground on $10 Billion Indiana Data Center as Big Tech AI Spending Nears $650 Billion
Meta begins construction on a 1-gigawatt data center campus in Lebanon, Indiana, part of a broader AI infrastructure arms race that will see the four largest tech companies spend upwards of $650 billion in 2026.
Amazon Posts Record $716.9 Billion Revenue but Stock Plunges as $200 Billion AI Spending Plan Dwarfs All Rivals
Amazon beats Q4 revenue estimates with AWS growing 24%, but a $200B capex plan — $51B above consensus — and 16,000 job cuts signal the true cost of competing in AI