Let's bring in Kevin Green, senior markets correspondent, right away to help set up the action today. All right, KG, we saw a little bit of a step back yesterday. Would you characterize that as regrouping or some of the commentary from the Fed chair.I think it's just a little bit of a, you know, rotation that's taking place in the market. If you actually look at the performance, we still had the majority of stocks in the S&P 500 in the green yesterday, but it was a little bit more defensive. You had utiliti ...

Progress at our datacenter in Abilene. Fun to visit yesterday! https://t.co/W22ssjWstW ...

马斯克回应，自己会比OpenAI先建成10GW数据中心。 https://t.co/q9ZtzNUU7B外汇交易员 (@myfxtrader):英伟达计划投1000亿美元助OpenAI建10GW数据中心，OpenAI向甲骨文下达5年3000亿美元云计算服务订单，甲骨文采购400亿美元英伟达芯片并向OpenAI出租算力。$NVDA $ORCL ...

Financial Data and Key Metrics Changes - The company reported a gross margin above 50%, the highest since mid-fiscal 2022, with operating margins also at their highest since November 2018 [32][33] - The company expects gross margins to improve further in the second quarter relative to the first quarter [33] Business Line Data and Key Metrics Changes - The NAND business is experiencing improved conditions, with expectations for tighter supply and increased demand driven by AI server deployments [6][7] - The DRAM segment is currently tight and expected to tighten further in 2026, contributing to improved pricing and margins [29][32] Market Data and Key Metrics Changes - The demand for high-capacity SSDs is increasing, with average capacities expected to escalate rapidly, particularly in AI servers [44] - The company anticipates significant growth in the data center segment, which has become a larger part of the total addressable market (TAM) and is driving overall profitability [54][55] Company Strategy and Development Direction - The company is focusing on enhancing its data center SSD business and has decided to exit the managed NAND market to improve overall ROI [9][71] - The strategy includes leveraging new product announcements and maintaining a strong competitive position in the data center SSD market [7][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for NAND and DRAM products, particularly due to the needs of hyperscalers for AI applications [6][7] - The company is optimistic about its ability to capture market share in HBM and expects to see higher share in HBM compared to previous years [13][18] Other Important Information - The company is investing significantly in DRAM construction and equipment, with CAPEX guidance increasing from approximately $13.8 billion in 2025 to about $18 billion in 2026, primarily for DRAM [11][19] - The company is ramping up production of one-gamma DRAM, which is expected to be the primary source of bit growth for fiscal 2026 [36] Q&A Session Summary Question: State of the NAND industry and pricing outlook - Management indicated that the bits down in the current quarter are noise based on segment mix and that demand from hyperscalers will drive NAND industry improvement [6][7] Question: HBM market share aspirations - The company expects to gain market share in HBM and is confident in its competitive positioning for HBM4, anticipating higher share compared to HBM3 [13][18] Question: CAPEX guidance and spending allocation - The majority of the increased CAPEX is directed towards DRAM construction and equipment, with minimal additional NAND spending [11][19] Question: DRAM revenue breakdown and margin contributions - Management clarified that while they do not provide specific margin comparisons, they expect tightening in the DRAM market to improve pricing and margins across the portfolio [29][32] Question: Long-term agreements with customers - There is interest in long-term agreements, but management is being cautious due to various market factors, including U.S. manufacturing and tariff implications [69][70] Question: Impact of exiting managed NAND on smartphone customers - Management confirmed that while customers may not be pleased with the exit from managed NAND, the strong relationship in DRAM remains intact [75]

Um, this is fascinating. I mean, as Mackenzie had mentioned, this comes on the heels of the NVIDIA Open AAI deal. And if you want to think about the circularity of yesterday's deal, then you loop in Oracle and OpenAI and Oracle teaming up and it's sort of this big >> takes you back to that announcement back at the White House.Um, and and that was, you know, we saw those three stocks or those that could trade, excuse me, were were out there moving. And yes, there there are linkages and there's uh overlap in ...

We start off with breaking news on Oracle's latest status center plans to stock higher after hours following a 4% drop during the regular session. Mackenzie Sagalis has got all the details. Mac Mel OpenAI Soft Bank and Oracle have just unveiled five more Stargate sites stretching across Texas, New Mexico, Ohio, and then an undisclosed destination in the Midwest.We're also getting a revised spend here that brings the size of the initiative to nearly 7 gigawatts and more than $400 billion dollars of investmen ...

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You really get an analysis of the insatiable demand of investors into the data center story, but are they starting to question ultimately whether we can meet that insatiable demand when the funding is there in the longer term. No, I think it's quite the opposite. Investor enthusiasm is only growing.If you look at one of our ETFs by some actively managed ETF. It's brought in over $5 billion this year and is now the largest air ETF in the United States. And a lot of the exposure that it is providing to invest ...

Microsoft is testing out a possible solution to data center heat: sending fluid directly through tiny channels etched into chips https://t.co/kTreH1n3xE ...

All right, so we got to talk to you about this big deal between Nvidia and OpenAI up to $100 billion. But there's one important caveat to this deal. It's not just Nvidia investing in OpenAI and say, "Hey, take the money. Do with it what you will." The idea is that OpenAI will use that money to buy Nvidia chips.Now, according to our notes, you say your channel checks have showed the data center demand has increased since July. But what do you make of a deal where a company invests in another company to get s ...