Core Insights - Anthropic plans to invest $50 billion in building AI infrastructure across the nation, highlighting the escalating competition in AI spending [1] - AMD's stock surged by 10% after the company projected a 35% annual revenue growth in the AI data center market, which is expected to reach a trillion dollars by 2030 [1] Company Performance - AMD's recent financial performance has led to a reevaluation of its market position, with an average price increase of about $11, bringing the stock to around $295 [3] - The company is expected to achieve gross margins of 55% to 58% and operating margins of 35%, which has impressed market analysts [3] Market Dynamics - There is ongoing scrutiny regarding the funding and sustainability of AI investments, particularly as companies like Oracle, Meta, and Google are increasingly reliant on debt issuance rather than cash flow [5] - The market is cautious about the potential impacts of large private companies' spending on AI, with calls for more transparency on funding sources [9] Future Outlook - Anthropic's revenue forecasts suggest it could rival OpenAI within the next three years, indicating strong growth potential in the AI sector [7] - Companies like Microsoft and IBM are also showing promising numbers beyond just infrastructure, which is a positive sign for the industry [8]

The Federal Reserve’s Jerome Powell is on deck Wednesday, where rate cuts are all but expected. But after the closing bell, it’s big-tech earnings. - MarketWatch photo illustration/Getty Images, iStockphoto It’s hard to overstate just how crucial Wednesday could be for the stock market in its final leg of this year. Major U.S. equity indexes already zoomed to fresh record highs this week ahead of the Federal Reserve’s expected decision to cut rates on Wednesday, with a batch of a major tech earning set t ...