AI gold rush wakes up industrial dinosaurs – Fudzilla.com
… Steel supplier Nucor credited “white hot” AI demand for a “tsunami of earnings power”, which sounds like a banker swallowed a furnace. …
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… Steel supplier Nucor credited “white hot” AI demand for a “tsunami of earnings power”, which sounds like a banker swallowed a furnace. …
… The rally has been fuelled by bullish bets on future chip earnings, as AI chips and the kit needed for new fabs remain in short supply. Meta, Alphabet, Amazon and Microsoft have set aside $725 billion this year for data centres and the gear needed to keep AI humming. …