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Broadcom Crashes After AI Chip Revenue Forecast Misses
Broadcom Crashes After AI Chip Revenue Forecast Misses
Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble.
The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...
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Jun 13, 2026 / Tyler Durden
Anthropic Blocks Foreign Access To Fable 5, Mythos 5 After U.S. National Security Order
Anthropic Blocks Foreign Access To Fable 5, Mythos 5 After U.S. National Security Order
About four days after Anthropic released Claude Fable 5, a next-generation "Mythos-class" AI model, the frontier AI lab led by Dario Amodei revealed late Friday that it was disabling foreign customers' access to these cutting-edge models, citing an export-control directive from the federal government.
"The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United...
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Jun 11, 2026 / Tyler Durden
First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify
First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify
For months, we have warned readers that the probability of El Niño formation was rising, with downstream risks across critical agricultural growing belts. That forecast has now moved from a risk scenario to reality, as the first major weather body has formally declared the onset of this warming pattern in the equatorial Pacific, threatening to disrupt rainfall, temperatures, crop yields, power demand, and commodity flows into year-end.
Bloomberg commodity expert Javier Blas wrote on X, "The Japanese...
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Jun 22, 2026 / Tyler Durden
Chevron Lands 20-Year Deal To Power Microsoft's AI Expansion
Chevron Lands 20-Year Deal To Power Microsoft's AI Expansion
Microsoft has signed a 20-year agreement with Chevron to power a massive new AI-focused data center campus in West Texas, underscoring the growing race among tech companies to secure reliable energy supplies, according to Bloomberg.
The project, known as Project Kilby, is expected to begin generating power in 2028 and eventually reach 2.67 gigawatts—enough electricity for more than 530,000 Texas homes.
Chevron is developing the project with Engine No. 1 and expects to make a final investment decision later this year. Despite the...
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