Signal & Scale

More than 700 gigawatts of electricity requests from very large power users, mostly data centers, have accumulated across parts of the U.S. Midwest, Mid-Atlantic and South. That is a huge number. It is also easy to misread. 700 GW of power requests does not mean 700 GW of data center load will actually appear on the grid. Some requests represent financed projects moving toward construction. Othe..

Big Tech still looks like Big Tech.Alphabet, Meta and the other major AI spenders retain strong balance sheets, investment-grade credit ratings and enormous cash-generating businesses. Yet borrowing is getting more expensive.The important distinction is why.This is not primarily a story about investors suddenly doubting whether the largest technology companies can repay their debt. The pressure ..

Microsoft has finally put a dollar figure on Azure.For the quarter ended June 30, 2026, Microsoft’s newly restated Azure revenue was $29.4 billion. AWS reported $42.2 billion for the same three-month period, while Google Cloud came in at $24.8 billion.That gives us a much cleaner ranking than before. AWS is still the largest by reported quarterly revenue. Azure is second. Google Cloud is third.B..

ASML’s High-NA EUV machines cost roughly $400 million each. Intel is already using the technology on selected production layers, Samsung plans to bring it into advanced DRAM manufacturing by 2028, and TSMC intends to use it for advanced-node production starting in 2030.At first glance, that sounds like a simple semiconductor story: chips are getting smaller, so fabs need a more powerful lithogra..

Oracle reported $664 billion in remaining performance obligations, or RPO, at the end of its fiscal first quarter of 2027.The number is enormous. It is also easy to read too much into it.RPO is not $664 billion of current revenue, and it is certainly not $664 billion of cash waiting to arrive. It is contracted revenue that Oracle expects to recognize as it delivers services over time. The real q..

더보기Zillow paid Redfin $100 million for an exclusive multifamily rentals partnership. Now an FTC settlement is bringing Redfin back as an independent competitor just as Zillow’s Rentals business is growing rapidly. Zillow paid Redfin $100 million in 2025. A year later, an FTC settlement is putting Redfin back into the same multifamily advertising market — just as Zillow’s Rentals business is grow..

더보기Nvidia expects about 70% revenue growth in fiscal 2028, yet it still describes supply as constrained. Here is how memory availability and rising memory costs can limit shipments and pressure margins at the same time. Nvidia expects revenue to grow roughly 70% in fiscal 2028, the fiscal year ending in January 2028. Yet the company still describes the outlook as supply-constrained, with memory ..

더보기Boeing’s $131.23 billion F-15 Eagle Crest award is real, but the headline number is an IDIQ ceiling—not guaranteed revenue. Here’s what the $343,740 obligation, future orders and Boeing backlog actually tell investors.Boeing really was awarded an F-15 Eagle Crest contract with a $131.23 billion ceiling. But that ceiling is not the same thing as $131.23 billion of aircraft orders, funded backl..

Meta has raised its 2026 capital expenditure guidance to $130B–145B while expanding its Louisiana AI campus to 5GW and backing multi-gigawatt energy agreements spanning natural gas, grid batteries, and nuclear power. While access to advanced GPUs remains vital, the physical lead time required to secure energized, high-voltage electricity has emerged as a primary binding constraint on AI scaling...

더보기Eli Lilly’s oral GLP-1 Foundayo enters the market at a fraction of Mounjaro’s price. Discover whether this pill expands the obesity market or risks cannibalizing premium injections. Eli Lilly’s newly approved oral GLP-1, Foundayo (orforglipron), enters the obesity market with a substantial pricing discount—costing roughly £100 to £120 a month in the UK compared to approximately £330 for ..