Neocloud providers with close ties to suppliers such as NVIDIA, contracted capacity and required permits may retain an edge, Serenity said. IREN's prepayments under a five-year agreement can cover 90% of its GPU capital expenditure.

Buyers in Circle's $222 million ARC presale hold repayment rights if Arc has not moved to proof-of-stake by May 2028, a May filing shows.

Technology stocks in the S&P 500 traded at about 17 times expected earnings this week. That is below the broader index's 18 times and marks the first time since 2017 that the sector has carried a lower multiple than the benchmark.

SpaceX acquired EchoStar's spectrum licenses in September for roughly $17 billion. Deutsche Telekom CEO Tim Hoettges said SpaceX would need about $220 billion to compete with established US carriers.

Berkshire Hathaway's profit fell by more than 28% in Q3, while the company repurchased $9. 6 billion of its own shares.

Sony's operating profit surges 45% while Nintendo's falls 16%, as AI-driven memory costs pressure PlayStation 5 and Switch 2 economics.

Alphabet discloses a $548M Qualcomm stake obtained through its Modular acquisition as the chipmaker targets $15B in AI data center revenue by 2029.

Even as profits decline, Greg Abel is accelerating buybacks. Geico earnings dropped 45%.