AI Stocks & Markets

Today's Stories

1. 1

   Greg Abel's Berkshire AI bet hits 31%, led by Alphabet

   Alphabet is Berkshire's growth pick — nearly 106 million shares bought across its two tickers, lifting its portfolio share from 0% to just under 10% in under a year. The position is the largest built during Abel's tenure, and Berkshire paid under 20 times earnings to build it, suggesting it was sized as a long-term holding rather than a trade.

   Alphabet's capital expenditures of between $195 billion and $205 billion this year are the open question — the holding hinges on whether that spending keeps producing results. Watch the portfolio share as it approaches 10%.

2. 2

   Dell Technologies and Axelera AI unveil Europa AI Processing Unit

   Dell Technologies and Axelera AI announced a collaboration on the new Europa AI Processing Unit architecture for data centers, built for more demanding inference and training use cases in enterprise AI infrastructure. The collaboration plugs directly into Dell's AI infrastructure narrative, supporting the catalyst of rising enterprise AI demand and more tailored offerings that analysts link to stronger revenue visibility and higher value services.

   Dell's open question is whether the move translates into richer profitability or larger but lower rate volumes, since AI servers can be rate dilutive and commoditized hardware still pressures margins. Watch Q3 fiscal 2027 results, guided to US$49.0b revenue and GAAP diluted EPS of US$6.10.

3. 3

   Dell's $95 billion AI server backlog draws Nvidia boom investors

   Dell took almost $61 billion in AI server orders last quarter and ended with a $95 billion backlog. Revenue rose 58% to a record $47 billion. The backlog exceeds quarterly revenue, so the order pipeline is the main reason to expect the AI server business to keep growing.

   Dell says its pipeline is "multiples of our backlog," so the story hinges on converting that into revenue. Watch the 20 times forward earnings valuation.

4. 4

   Western Digital Falls 4% Despite Its AI Storage Pitch

   Western Digital fell 4% despite its AI storage pitch; Seagate dropped 5%, Micron held steady. Investors appear unconvinced by AI storage messaging, with Western Digital and Seagate both lower and only Micron steady.

   Whether the drop reflects a short-term reaction or a broader reassessment of AI storage demand.

5. 5

   Anthropic's Amodei urges AI pace slowdown; SoftBank drops 13%

   On September 13 Anthropic CEO Dario Amodei urged adjusting the pace of AI development so safety measures can catch up, and OpenAI's Sam Altman and xAI's Elon Musk signaled agreement. Altman also said OpenAI will not list during 2026. The news is being read as a possible turning point for generative AI and superintelligence development, and it triggered selling in Japanese AI-related shares — SoftBank Group fell more than 13% intraday on Monday the 14th, with Kioxia and other AI and semiconductor names also sold.

   Amodei is not calling for a halt to AI development, only for pacing the most advanced capability gains, so how far this shifts growth expectations for SoftBank Group, Kioxia Holdings and Advantest is the test.

6. 6

   Nikkei down 1,076 yen as AI worries hit chips, SoftBank

   Tokyo's Nikkei extended losses at the open, falling 1,076 yen, as concerns over slowing AI development drove selling in semiconductor-related shares and SoftBank dropped sharply, tied to OpenAI's CEO. The report links the semiconductor selling and SoftBank's sharp fall to worries that AI development is slowing, and these two point to tech and chip names being the main drag on Japan's market.