Trump Administration Unveils $874 Million CHIPS Act AI Push, With GlobalFoundries Securing Top Award

Source: Biztoc.com· finance.yahoo.com· August 1, 2026

Trump Administration Unveils $874 Million CHIPS Act AI Push, With GlobalFoundries Securing Top Award Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Commerce Department has signed letters of intent to p…

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Chipmakers report record earnings, but stocks decline amid skepticism over AI spending

Investor skepticism over AI spending sustainability could lead to volatility in tech stocks, impacting broader market confidence and investment strategies. The post Chipmakers report record earnings, but stocks decline amid skepticism over AI spending appeare…

Crypto Briefing · Aug 1, 2026

Quote of the day by investor Warren Buffett on AI capex: "That's real money... That kind of money wasn't even put in the railroad business" — outlining his bullish long-term thesis on AI

AI companies are depleting their cash reserves and pouring historic levels of money into the AI buildout

TechRadar · Aug 1, 2026

Amazon Just Left Investors Speechless

Amazon (NASDAQ: AMZN) just delivered one of the best quarters in recent history. It posted results much better than any analyst expected, and the stock popped the day following earnings. There's one division in particular that was noteworthy, and it's the Ama…

Biztoc.com · Aug 1, 2026

Apple CEO sends strong warning on AI and price of Apple products

Tim Cook spent part of July 30 thanking Apple shareholders at the end of what he confirmed would be his last earnings call as CEO. John Ternus takes over Sept. 1, and Cook moves to executive chairman. The farewell was warm. The statement that followed was not…

Biztoc.com · Aug 1, 2026