Enterprise

• Meta rises 8%, Microsoft sinks 11% as megacap tech stocks diverge after earnings - Meta jumped, while Microsoft plunged post-earnings as investors hunt for signs that big AI investments are paying off.
• Microsoft shows gain on OpenAI investment after restructuring as cloud growth slows - Microsoft’s finances look more favorable after OpenAI completed a restructuring.
• Chinese tech giant Tencent plots Middle East cloud expansion as spending in the region booms - Tencent's expansion will likely put it into more direct competition with U.S. giants including Amazon, Microsoft and Google.
• Microsoft's plans for 15 more data centers win approval at former Wisconsin Foxconn site - Microsoft intends to expand in a place where it's been welcomed, months after backing down on a rezoning attempt in an adjacent village when residents objected.
• CoreWeave stock jumps 12% as Nvidia invests $2 billion to expand AI data center capacity - Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
• Intel stock drops 14% as manufacturing troubles overshadow earnings beat - Over the last year, Intel shares have rallied more than doubled on hopes of a turnaround for the embattled American chipmaker.
• Microsoft working to fix Outlook email issues - People reported issues with Outlook on social media, months after the app went down for over 21 hours.
• OpenAI chair Bret Taylor says AI is 'probably' a bubble, expects correction in coming years - Taylor said the free market will ultimately determine where the value is and which AI players have the best products.
• OpenAI seeking investments from Middle East sovereign wealth funds for multibillion-dollar round - OpenAI CEO Sam Altman is in the United Arab Emirates to participate in investment talks as he tries to raise more money for his cash-burning startup.
• OpenAI has committed billions to recent chip deals. Some big names have been left out - OpenAI has inked multibillion-dollar deals with AI chipmakers including Nvidia, AMD, Broadcom and Cerebras.