Amazon and Microsoft highlight a continued AI spending spree, igniting chip rally - Los Angeles Times
• Amazon and Microsoft have signaled a continued commitment to heavy AI spending, sparking a rally in semiconductor and chip-related stocks. • The surge follows a period of volatility where AI-focused equities faced a significant rout, leading some investors to reconsider their positions. • Leopold Aschenbrenner’s hedge fund, Situational Awareness, reportedly sold off several equity positions in these companies after incurring losses during the recent market downturn.
latimes.com