AI has an insatiable appetite for resources. It consumes vast amounts of power and data, with estimates of 460 terawatt hours in 2022 that are projected to increase sharply by 2026 to somewhere between 620 and 1,050 TWh. But, its most voracious demand is for compute: the processing power that fuels the training of complex models, the analysis of massive...

The U.S. Department of Justice (DOJ) is investigating German software giant SAP SE ( SAP ) and U.S. reseller Carahsoft Technology. What Happened: The DOJ is investigating two companies over allegations of conspiring to overcharge U.S. government agencies. The civil probe, which has been ongoing since at least 2022, focuses on potential price-fixing schemes involving $2 billion worth of SAP...

(Reuters) -Micron Technology ( MU ) forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry, sending the company's shares up 10% after the bell. The company is one of the only three providers of HBM chips along with South Korea's SK Hynix and Samsung,...

Financial giants have made a conspicuous bearish move on Applied Mat. Our analysis of options history for Applied Mat revealed 14 unusual trades. Delving into the details, we found 21% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $281,506, and 7 were calls, valued at...