This article first appeared on GuruFocus. Amazon (NASDAQ:AMZN) shares climbed about 3% on Monday after Barclays maintained its overweight rating and $300 price target, citing accelerating growth in the company's cloud computing unit. Analyst Ross Sandler pointed to a recent multibillion-dollar agreement with OpenAI that is expected to drive $138 billion in spending on Amazon Web Services over seve...
This article first appeared on GuruFocus. Amazon (NASDAQ:AMZN) shares climbed about 3% on Monday after Barclays maintained its overweight rating and $300 price target, citing accelerating growth in the company's cloud computing unit. Analyst Ross Sandler pointed to a recent multibillion-dollar agreement with OpenAI that is expected to drive $138 billion in spending on Amazon Web Services over seven to eight years. The deal could help push the company's backlog above $350 billion in the coming quarter, the note said. Sandler also highlighted momentum from Amazon's partnership with AI lab Anthropic, where annual recurring revenue has jumped roughly 35% in the first quarter of 2026 following new product releases. Barclays raised its 2027 AWS revenue estimate by 5% and expects segment growth to reach 34% in the third quarter. Chief Executive Andy Jassy recently said Amazon has a line of sight to $600 billion in revenue by 2036. Barclays said that projection may prove conservative given the pace of AI market expansion, adding that catalysts including AWS acceleration and agentic AI adoption could support the stock despite macro pressures.
The Tesla, SpaceX, and X owner says his new ‘Terafab’ facility could rival global leaders like TSMC, but with a potential $300 billion price tag, skeptics are already circling.
The Tesla, SpaceX, and X owner says his new ‘Terafab’ facility could rival global leaders like TSMC, but with a potential $300 billion price tag, skeptics are already circling.
This article first appeared on GuruFocus. Apple (NASDAQ:AAPL) shares edged higher on Monday after a recent investor survey pointed to resilient demand for its flagship iPhone lineup. The stock rose about 2% in morning trading as survey data indicated improving upgrade activity and stronger switching trends in key markets. Morgan Stanley's latest AlphaWise smartphone survey suggested global iPhone ...
This article first appeared on GuruFocus. Apple (NASDAQ:AAPL) shares edged higher on Monday after a recent investor survey pointed to resilient demand for its flagship iPhone lineup. The stock rose about 2% in morning trading as survey data indicated improving upgrade activity and stronger switching trends in key markets. Morgan Stanley's latest AlphaWise smartphone survey suggested global iPhone upgrade rates reached record levels in late 2025, with China showing notable year-over-year gains. The data also indicated rising consumer interest in higher storage models and potential demand for a future foldable iPhone. Analysts said Apple may be positioned to gain market share among major smartphone makers this year, supported by steady consumer demand and pricing strength. The firm expects iPhone revenue growth in fiscal 2026 to exceed broader market forecasts, with additional upside tied to product innovation in coming years. However, the survey also pointed to softer consumer willingness to pay for Apple's artificial intelligence features, which could weigh on sentiment around its services expansion. Still, analysts view overall demand trends as supportive of continued revenue growth.
Hewlett Packard Enterprise Co. struggled to interest some investors and other tech companies in buying assets that the US government required be sold to clear its takeover of Juniper Networks , receiving bids that ranged between $1 and $15 million, according to court records. HPE’s efforts to sell its Instant On networking business were detailed in court records reviewed by Bloomberg News that out...
Hewlett Packard Enterprise Co. struggled to interest some investors and other tech companies in buying assets that the US government required be sold to clear its takeover of Juniper Networks , receiving bids that ranged between $1 and $15 million, according to court records. HPE’s efforts to sell its Instant On networking business were detailed in court records reviewed by Bloomberg News that outline the steps it’s taking to comply with a June settlement with the US Justice Department . That agreement is still being challenged by a group of states, arguing that it doesn’t do enough to protect competition. The court records provide a rare window into the usually secret asset sales required of companies settling merger cases with the federal government. Buyers hold most of the leverage and typically negotiate steep discounts. But HPE’s difficulties also spotlight whether the assets being sold are meaningful enough to address potential harm to competition caused by the merger. The Justice Department and HPE say they are; the state attorneys general dispute that. Extreme Networks Inc. and India’s Tech Mahindra Ltd. passed on bidding for Instant On, according to court documents in the case. Cybersecurity company Fortinet Inc. offered between $5 million and $15 million. A pair of tech investors, Kevin Duffy and Eric Zimits , offered only $1, proposing to turn the product into a stand-alone company but needing additional investments from HPE because of its “lack of management focus” on the product. “The business is not profitable,” wrote Duffy and Zimits, former executives at smaller tech companies. They said in their bid that HPE’s Instant On had “flat revenue and gross profit margins that are well below industry average.” HPE spokesperson Adam Bauer said in a statement to Bloomberg that the company “will not comment on bidders in the divestiture, who had an expectation of confidentiality and are public only because the state attorneys general violated the judge’s order ...
This article first appeared on GuruFocus. Palantir Technologies (NASDAQ:PLTR) shares rose about 3% on Monday as global markets turned risk-on after U.S. President Donald Trump delayed potential military strikes on Iranian energy infrastructure, easing geopolitical tensions. The gain came as investors reacted to improving sentiment across equities, while the company also drew attention after securi...
This article first appeared on GuruFocus. Palantir Technologies (NASDAQ:PLTR) shares rose about 3% on Monday as global markets turned risk-on after U.S. President Donald Trump delayed potential military strikes on Iranian energy infrastructure, easing geopolitical tensions. The gain came as investors reacted to improving sentiment across equities, while the company also drew attention after securing access to sensitive financial data from the UK's Financial Conduct Authority (FCA). The FCA has selected Palantir for a three-month trial to analyze its internal data lake, a large repository of intelligence used to detect financial crimes such as money laundering, fraud, and insider trading. If successful, the project could expand into a broader contract as regulators seek to improve oversight of about 42,000 firms. Palantir is expected to deploy its Foundry platform to process large volumes of regulatory data. The FCA said the company will act only as a data processor, meaning it cannot control or reuse the information, and must delete it after the trial period. The agreement adds to Palantir's growing footprint in the UK public sector, where it already holds multiple contracts. However, the deal has raised concerns among officials and legal experts over privacy risks tied to handling highly sensitive financial and personal data.
Vacation towns have a special charm. They offer a slower pace and a sense of tranquility that's hard to find in the city, but many of these same walkable towns can be overwhelmed by tourists during busy seasons. That's why some retirees are looking for vacation towns without the crowds. Luckily, the U.S. is a big country, and there are plenty of great places to retire if you know where to look. Th...
Vacation towns have a special charm. They offer a slower pace and a sense of tranquility that's hard to find in the city, but many of these same walkable towns can be overwhelmed by tourists during busy seasons. That's why some retirees are looking for vacation towns without the crowds. Luckily, the U.S. is a big country, and there are plenty of great places to retire if you know where to look. These vacation towns offer the same vibes you would expect from popular towns but don't have as many people. South Bethany, Delaware When a beach town is nicknamed one of Delaware's "Quiet Resorts," you know it's going to check most of the boxes. However, it's also one of the most expensive parts of the Northeast, with the median house price above $1 million, according to Realtor.com. You'll get more mileage out of your money if you opt for a condo instead of a home, but it's important to assess whether the town is right for you before committing. South Bethany's crime rate is 56.1% lower than the national average. You won't have to look over your shoulder that much in this area. Research from the Motley Fool's Best Places to Retire index indicates that safety is a major factor for retirees, which explains the high prices. The main attractions include the beach and boardwalk. It also has a weekly farmer's market, local boutiques, walking trails, and golf courses. Dunedin, Florida Dunedin is much warmer than South Bethany and comes with a median house price of $419,000, according to Realtor.com. The town is situated near Clearwater and Tampa but doesn't get as much foot traffic as those two cities. The Honeymoon Island State Park and Pinellas Trail make it easy for residents to be active, and Main Street is filled with shops and restaurants. You can also take a ferry to the secluded Caladesi Island State Park, which has white-sand beaches. The town is great for people who enjoy the outdoors, especially if you're into boating and fishing. Mount Dora, Florida Mount Dora is anoth...
Apple has set a date for this year’s Worldwide Developers Conference (WWDC), scheduling the keynote and Platforms State of the Union on June 8th at Apple Park and running through June 12th. As usual, we will be tuned in to find out what’s new in the 2027-branded editions of iOS, iPadOS, macOS, watchOS, and tvOS. After last year’s round of glassy visual tweaks, many are waiting for Apple Intelligen...
Apple has set a date for this year’s Worldwide Developers Conference (WWDC), scheduling the keynote and Platforms State of the Union on June 8th at Apple Park and running through June 12th. As usual, we will be tuned in to find out what’s new in the 2027-branded editions of iOS, iPadOS, macOS, watchOS, and tvOS. After last year’s round of glassy visual tweaks, many are waiting for Apple Intelligence to deliver on delayed features like an AI upgrade for Siri. According to the latest rumors, this fall we could see a staggered iPhone hardware update, with the iPhone 18 Pro arriving months before the standard model, while Bloomberg’s Mark Gurman recently reported that other devices, like a new smart home hub, HomePod, and Apple TV box, are also waiting for the new Siri release first. Image: Apple Apple has recently launched a slew of relatively iterative hardware updates, including the cheaper MacBook Neo, chip bumps for the MacBook Pro lineup, a new Studio Display XDR monitor, new AirPods Max headphones, and even an AirTag 2, so we’ll have to wait and see if anything else is lined up for a big reveal this summer.
Liam Rosenior is facing criticism for his early tenure as Chelsea manager - but is it fair, and are his players on board ahead of the climax to the season? Saturday's 3-0 defeat at Everton meant Chelsea suffered their fourth loss in a row for the first time since 2023, dropping to sixth in the Premier League table - with a fifth-place finish likely to guarantee Champions League football. It is a c...
Liam Rosenior is facing criticism for his early tenure as Chelsea manager - but is it fair, and are his players on board ahead of the climax to the season? Saturday's 3-0 defeat at Everton meant Chelsea suffered their fourth loss in a row for the first time since 2023, dropping to sixth in the Premier League table - with a fifth-place finish likely to guarantee Champions League football. It is a concern given Chelsea's ambition to qualify for next season's elite European competition, although they remain only one point behind fifth‑placed Liverpool following the Reds' loss at Brighton. The gap did widen though to Manchester United and Aston Villa, who drew and won respectively, leaving the Blues six points off fourth spot and with less margin for error. There is no suggestion inside Chelsea that Rosenior, who succeeded Enzo Maresca in January from partner club Strasbourg, is in danger of losing his job, either now or at the end of the season. There is an understanding that he took over mid‑season from Maresca, who walked away following a falling-out with the hierarchy, despite the club having hoped his predecessor would remain until at least the summer. Such is the strength of support for Rosenior - who is under contract until 2032 - that he has been heavily involved in regular transfer‑planning meetings with sporting directors Paul Winstanley and Laurence Stewart. After the current international break, Chelsea host Port Vale in the FA Cup quarter‑finals on Saturday, 4 April, before Premier League matches at Stamford Bridge against Manchester City and Manchester United.
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) drew a bullish call from Evercore on Monday, even as the firm said the software giant does not have a quick fix for ongoing cloud capacity limits, according to a analyst note. Evercore analyst Kirk Materne kept a Buy rating and a $580 price target on Microsoft. The stock rose about 1% on Monday morning, though it remains down about ...
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) drew a bullish call from Evercore on Monday, even as the firm said the software giant does not have a quick fix for ongoing cloud capacity limits, according to a analyst note. Evercore analyst Kirk Materne kept a Buy rating and a $580 price target on Microsoft. The stock rose about 1% on Monday morning, though it remains down about 21% year to date as investors weigh heavy spending on artificial intelligence infrastructure. Materne said Microsoft's fundamentals remain solid, pointing to 15% revenue growth in the fiscal second quarter on a constant-currency basis and 38% growth in Azure. He said higher capital spending and a lack of near-term acceleration in Azure have pressured sentiment, along with questions around the company's broader AI push, including Copilot. Still, he expects Azure growth to pick up in the second half of calendar 2026 and sees room for revenue growth above 40% later in the year. Materne also said the recent E7 bundle launch is still early, but could add modest upside to fiscal 2028 Microsoft 365 Commercial Cloud estimates.
When Vanguard offered up its capital markets outlook for 2026 and beyond late last year, it wasnʻt particularly bullish. Over the next five to 10 years, Vanguard predicts U.S. equity annual returns of 4% to 5% with the muted outlook "nearly singlehandedly driven by our risk-return assessment of large-cap technology companies." In short, its major concerns are overvalued large tech stocks and "crea...
When Vanguard offered up its capital markets outlook for 2026 and beyond late last year, it wasnʻt particularly bullish. Over the next five to 10 years, Vanguard predicts U.S. equity annual returns of 4% to 5% with the muted outlook "nearly singlehandedly driven by our risk-return assessment of large-cap technology companies." In short, its major concerns are overvalued large tech stocks and "creative destruction from new entrants into the sector, which erodes aggregate profitability." It does see better returns for value, small-caps, international, and emerging markets stocks as investors rotate away from U.S. large-caps. So, if this projection plays out, what does that mean for the S&P 500 over the next five to 10 years? More specifically, what does it mean for the largest ETF in the world, the Vanguard S&P 500 ETF (VOO +1.12%)? Muted returns for large caps are expected over the next 10 years While the outlook by Vanguard calls for muted returns, it is just one viewpoint -- although an extremely important and knowledgeable one. However, other major players apparently agree. Goldman Sachs, back in late 2024, said the next 10 years would be a "dead decade" with 3% annual returns. Charles Schwab forecasts 5.9% annual returns for U.S. large caps over the next 10 years, with international and emerging markets outperforming. Expand NYSEMKT : VOO Vanguard S&P 500 ETF Today's Change ( 1.12 %) $ 6.70 Current Price $ 604.64 Key Data Points Day's Range $ 603.11 - $ 611.01 52wk Range $ 442.80 - $ 641.81 Volume 361K Similarly, JPMorgan Chase calls for average annual returns of 6.7% for large caps over the next 10 years, with high valuations acting as a drag. It also sees international and emerging market stock outperformance. These projected returns would be about half, or less than half, compared to the 12.9% average annual return for the S&P 500 over the past 10 years from Jan. 1, 2026, to Dec. 31, 2025. They would be more in line with the roughly 5% average annual return th...
Klépierre PRESS RELEASE KLÉPIERRE PAYS TRIBUTE TO THE MEMORY OF DAVID SIMON Paris — March 23, 2026 Klépierre has learned with great sadness of the death of Mr. David Simon, former Chairman and member of the Supervisory Board of the company. In March 2012, under his leadership, Simon Property Group, the global leader in shopping malls, acquired 28.7% of Klépierre’s capital. Since then, Simon Proper...
Klépierre PRESS RELEASE KLÉPIERRE PAYS TRIBUTE TO THE MEMORY OF DAVID SIMON Paris — March 23, 2026 Klépierre has learned with great sadness of the death of Mr. David Simon, former Chairman and member of the Supervisory Board of the company. In March 2012, under his leadership, Simon Property Group, the global leader in shopping malls, acquired 28.7% of Klépierre’s capital. Since then, Simon Property Group has been the company’s largest shareholder and David Simon had been the Chairman of Klépierre’s Supervisory Board—a position he left only on February 20, 2026. The members of Klépierre’s Supervisory Board and Executive Board, together with the Group’s employees, acknowledge the unparalleled contributions of a singular industry leader who elevated the company to a leading position among European shopping center real estate firms. His avant-garde vision, exceptional standards, and steadfast commitment have had a profound and enduring impact on Klépierre. Jean-Marc Jestin, Chairman of the Klépierre Executive Board, stated: “On behalf of Klépierre, I wish to offer our heartfelt condolences to David Simon’s family. The company is immensely obligated to him, and I can say it was a genuine privilege to serve under his leadership for fourteen years.” INVESTOR RELATIONS CONTACTS MEDIA CONTACTS Laurent Budd, CFA Group Head of IR and Financial Communication +33 (0)6 86 59 74 36 — laurent.budd@klepierre.com Hugo Martins, IR Manager +33 (0)7 72 11 63 24 — hugo.martins@klepierre.com Tanguy Phelippeau, IR Manager +33 (0)7 72 09 29 57 — tanguy.phelippeau@klepierre.com Hélène Salmon, Group Head of Communication +33 (0)6 43 41 97 18 — helene.salmon@klepierre.com Wandrille Clermontel, Taddeo +33 (0)6 33 05 48 50 — teamklepierre@taddeo.fr ABOUT KLÉPIERRE Klépierre is the European leader in shopping malls, with exclusive focus on continental Europe. The Company’s portfolio is valued at €21.2 billion at December 31, 2025, and comprises large shopping centers in more than 10 countries in...
The S&P 500 index faced its share of turmoil earlier this year, even temporarily slipping into bear territory amid concerns about the economy ahead. Investors worried that President Trump's import tariff plan would hurt the spending power of consumers and businesses -- and damage companies' earnings prospects. In recent weeks, though, sentiment has improved. Trump's trade agreements with the U.K. ...
The S&P 500 index faced its share of turmoil earlier this year, even temporarily slipping into bear territory amid concerns about the economy ahead. Investors worried that President Trump's import tariff plan would hurt the spending power of consumers and businesses -- and damage companies' earnings prospects. In recent weeks, though, sentiment has improved. Trump's trade agreements with the U.K. and China, as well as signs of flexibility on tariff levels, have soothed investors' minds -- and an appetite for stocks has returned. In fact, the S&P 500 even closed at a new record high on June 27, cementing a gain for the first half of the year. Considering all of this, is the Vanguard S&P 500 ETF (NYSEMKT: VOO), a fund that tracks the major benchmark, a buy now? Let's find out. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Investing in ETFs First, let's talk a bit about investing in exchange-traded funds (ETFs). These assets trade daily on the market like stocks do, so they aren't complicated to buy or sell. Investors often opt for ETFs as a way to automatically gain exposure to many stocks with just one purchase. These stocks may all operate in the same industry, or they might belong to a broad benchmark like the S&P 500. So an ETF allows investors to quickly diversify within a sector or across sectors. Diversification is positive because it means that if one particular stock or industry faces tough times, others may compensate, and that limits the negative impact on your portfolio. One thing to note before you buy an ETF: These investments involve fees, and you'll see them as expense ratios. Aim to buy ETFs with expense ratios of less than 1% to maximize your gains over time. Now, let's move along and consider the Vanguard S&P 500 ETF, one that mimics the composition and therefore the performance of the S&P 500. And that makes a purchase of this ETF the best way of betting on the...
(RTTNews) - Tokio Marine Holdings Inc. (TKOMY) said it has entered into a comprehensive strategic partnership with National Indemnity Company, a subsidiary of Berkshire Hathaway Inc. As part of the agreement, National Indemnity will acquire a 2.49% stake in Tokio Marine for about ¥287.4 billion ($1.8 billion) through a third-party allotment of treasury shares. Tokio Marine said it will repurchase ...
(RTTNews) - Tokio Marine Holdings Inc. (TKOMY) said it has entered into a comprehensive strategic partnership with National Indemnity Company, a subsidiary of Berkshire Hathaway Inc. As part of the agreement, National Indemnity will acquire a 2.49% stake in Tokio Marine for about ¥287.4 billion ($1.8 billion) through a third-party allotment of treasury shares. Tokio Marine said it will repurchase its own shares to offset dilution for existing shareholders. National Indemnity has also agreed not to increase its stake beyond 9.9% without board approval. The partnership includes collaboration in reinsurance operations and joint exploration of merger and acquisition opportunities, combining Berkshire's capital strength with Tokio Marine's global underwriting platform. Tokio Marine said the alliance aims to enhance long-term value creation and expand growth opportunities, supported by a strategic equity investment and broader business collaboration. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 15 Best Stocks to Buy According to Billionaire Seth Klarman. Amazon.com, Inc. (NASDAQ:AMZN) has featured in the 13F portfolio of Baupost Group since the middle of 2022. However, the fund has not held onto this holding for the long-term. The 13F filings for the fourth quarter of 2025 show that the fund has purchased a stake in the company comprising over...
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 15 Best Stocks to Buy According to Billionaire Seth Klarman. Amazon.com, Inc. (NASDAQ:AMZN) has featured in the 13F portfolio of Baupost Group since the middle of 2022. However, the fund has not held onto this holding for the long-term. The 13F filings for the fourth quarter of 2025 show that the fund has purchased a stake in the company comprising over 2 million shares. This is the second-largest holding in the portfolio. Amazon has made a comeback in the Baupost portfolio after a gap of more than two years. Previously, Baupost had held under 1 million shares of Amazon at the end of 2022. The latest buzz around Amazon founder Jeff Bezos might explain Klarman’s sudden interest in the stock. Amazon.com Inc. (NASDAQ:AMZN) Collaborates with Databricks on Generative AI, Aiming for Competitive Edge in Cost and Performance with AWS Ken Wolter / Shutterstock.com According to reports from The Wall Street Journal, Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos is in the process of raising $100 billion for a new fund intended to buy up manufacturing and industrial businesses and then upgrade them with artificial intelligence tools. Per the report, the fund is intended to be a manufacturing transformation vehicle. It will buy companies involved in chipmaking, defense, and aerospace. Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. It also manufactures and sells electronic devices, including Kindle, fire tablets, fire TVs, echo, ring, blink, and eero, and develops and produces media content. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our...
The Kinks co-founder and guitarist Dave Davies hit back at Moby after the US electronic musician said that he could no longer listen to the band’s 1970 hit Lola on the grounds that he found it “gross and transphobic”. Moby told the Guardian Saturday magazine’s Honest Playlist feature that he was repulsed by the song after it came up on a Spotify playlist. “I like their early music, but I was reall...
The Kinks co-founder and guitarist Dave Davies hit back at Moby after the US electronic musician said that he could no longer listen to the band’s 1970 hit Lola on the grounds that he found it “gross and transphobic”. Moby told the Guardian Saturday magazine’s Honest Playlist feature that he was repulsed by the song after it came up on a Spotify playlist. “I like their early music, but I was really taken aback at how unevolved the lyrics are,” he said. The song details a young man in a nightclub falling for a figure who “walked like a woman but talked like a man”. It concludes: “Girls will be boys and boys will be girls / It’s a mixed up, muddled up, shook up world / Except for Lola.” Davies responded on X: “I am highly insulted that Moby would accuse my brother” – Kinks songwriter Ray Davies – “of being ‘unevolved’ or transphobic in any way.” In another post, he continued: “I don’t wanna show the guy up, but Moby should be careful what he says.” The Kinks: Lola – video Davies referenced the 1970s San Francisco psychedelic hippy theatre group the Cockettes, which had transgender members and performed in drag, saying that their members and friends “used to follow us around on tour”. He continued: “We appreciated them. Why is Moby being so rude about this simple song? We’re not transphobic. Why does he have to have a go at us?” View image in fullscreen The Kinks’ Ray Davies (left) and Dave Davies in 1976. Photograph: Michael Putland/Getty Images He also shared a letter from trans punk icon Jayne County, who he said wrote to him and his brother to express her delight over the song: “Of course, when I first heard the name Lola, it conjured up memories of Marlene Dietrich standing on a stage in a crowded, smokey room singing one of her most famous songs, ‘Lola!’ From the 1930 film The Blue Angel,” County wrote. “I always thought that the young lady in the song by the Kinks had perhaps taken her name from the Dietrich character! And [a] trashy, dark bar in London’s Soho d...
This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) looks ready to take a much bigger swing at chips, with Elon Musk laying out plans for a new Austin-based semiconductor venture aimed at powering AI, robotics and even space computing. The project, called Terafab, will be developed alongside SpaceX and is expected to start small, focusing first on designing and testing chips before poten...
This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) looks ready to take a much bigger swing at chips, with Elon Musk laying out plans for a new Austin-based semiconductor venture aimed at powering AI, robotics and even space computing. The project, called Terafab, will be developed alongside SpaceX and is expected to start small, focusing first on designing and testing chips before potentially scaling into a full manufacturing facility. Musk has repeatedly warned that chip supply isn't keeping up with the pace of AI demand, and this move shows he's serious about bringing more control in-house rather than relying entirely on external suppliers. The idea is to build two types of chips: lower-power processors for Tesla's vehicles, robotaxis and humanoid robots, and higher-end chips for space-based computing. Longer term, Musk is thinking much bigger, with plans that could support massive computing infrastructure both on Earth and in orbit. Still, building a semiconductor fab is extremely expensive and complex, often taking years and tens of billions of dollars to fully ramp.