Top Companies' AI Moves

Today's Stories

1. 1

   Lam Research: chip gear "fundamentally sold out" as capacity lags

   Lam Research said the semiconductor equipment market is "fundamentally sold out" and limited by clean-room capacity, with 8 to 10 new clean rooms at tier-one customers due by the end of next year. Lam's customer support unit, CSPG, posted its third consecutive record revenue quarter at nearly $2.5 billion, and gross margin hit 52%, its highest in 20 years.

   Lam says its near-term worry is missing upside demand rather than a downturn, so its $3 billion lab and engineering investment is a bet that the constraint holds.

2. 2

   NVIDIA's Huang: AI buildout could lift chipmakers

   NVIDIA CEO Jensen Huang said the AI factory buildout, "the largest infrastructure expansion in human history," is accelerating, and top-five hyperscaler capex is tracking to $1.3 trillion in 2027, with NVDA at $218.36. Each chipmaker now has multi-year contracted revenue behind it: NVIDIA has $279B in Rubin memory supply commitments, Micron $100 billion from 16 agreements, SanDisk $93.9 billion from eight New Business Model deals.

   Whether the AI capex cycle keeps compounding through 2027 decides the $300, $1,750, and $2,500 targets. Watch NVIDIA's Q4 gross margin, which memory costs pressure to 71% to 72%.

3. 3

   Qualcomm lands Amazon AI chip deal worth up to $60 billion

   Qualcomm struck a long-term partnership with Amazon under which Amazon could purchase as much as $60 billion of Qualcomm's AI data-center chips and related products. Qualcomm is targeting $15 billion in annual data-center chip revenue by 2029, so the Amazon deal gives credibility to its push beyond smartphones as it faces the eventual loss of Apple's modem business.

   The $60 billion figure is not guaranteed revenue — Qualcomm still must develop and commercialize chips that can compete with Nvidia. Watch whether the warrants, worth roughly $4 billion, are exercised.

4. 4

   Caterpillar CEO Joseph E. Creed sells $26,211,763 in stock

   Caterpillar CEO Joseph E. Creed sold 32,401 shares for an estimated $26,211,763, part of 33 insider sales and one purchase totaling $CAT trades over the past six months, per an AI condensation of social media posts. Caterpillar's Q2 2026 revenue reached $20.5B, up 23.98% from the prior-year period, while the stock consolidates near its 200-day average and within a wedge formation, per platform analysts.

   Users see the physical AI and robotics collaboration for job sites as a forward move into heavy equipment operations, so the test is whether that theme drives momentum from infrastructure-related attention.

5. 5

   HP Omen 16 with Ryzen AI 7 350, RTX 5060 drops to $1,799

   PC Guide reports the HP Omen 16 gaming laptop is now $1,799, an 18% discount. It packs a Ryzen AI 7 350, RTX 5060, and 32GB DDR5 RAM. The 16-inch laptop offers a 165Hz FHD+ display and 50 TOPS NPU. Its storage is limited to a 1TB SSD, but can be upgraded up to 4TB.

   The price and 18% savings are subject to change, so the deal hinges on current stock. The RTX 5060 has 8GB of GDDR7 VRAM.

6. 6

   Oracle Cloud Sales Top Estimates on AI Demand

   Oracle reported cloud sales that exceeded estimates, as demand for AI drove the results. Beating estimates means Oracle's cloud business performed better than Wall Street expected, a sign that AI-related demand is translating into revenue.

   The result suggests Oracle's cloud unit is gaining traction from AI workloads; watch whether this demand continues in coming quarters.