Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center, the beginning of a new line of business for the oil giant to capitalize on the boom in artificial intelligence. The company is in exclusive talks with the data center’s end user, which it […]
Chevron Picks Texas for First AI Data Center Power Project Read More »
Key Takeaways Bank of America analysts compiled a group of 16 stock picks for investors looking to find value outside of the AI trade amid growing worries about a bubble. The list includes AT&T, Disney, Dollar General, KeyCorp, Progressive, and cruise operator Viking. If you’re looking to diversify your stock portfolio away from AI, Bank
Worried About an AI Bubble? Here Are BofA’s Top Stock Picks to Diversify Your Portfolio Read More »
Key Takeaways Cloud computing and software provider Oracle on Tuesday reported its backlog grew to $455 billion last quarter, a 359% increase from the prior year. The company’s pipeline signaled artificial intelligence spending should remain strong for several years, sending Oracle shares sharply higher and boosting the majority of AI stocks. Wall Street analysts expressed
The AI Trade Picks Up Steam After Oracle’s ‘Truly Historic’ Quarter Read More »