Market Overview
The tech sector saw a surge in activity with NVIDIA and Microsoft making significant moves. According to [1], Micron's earnings keep setting records, and its guidance points to another one. Meanwhile, [2] reports that billionaire investor David Tepper has exited 12 stocks, suggesting a bet on a short list of survivors, including MSFT. The memory maker's stock sits about 23% below its high anyway.
AI Developments
AI continues to be a major focus for tech companies. Stripe has acquired AI firm OpenRouter for over $7 billion, as reported in [3]. Additionally, NVIDIA is spending up to $3 billion on power infrastructure developer Lancium, as stated in [5]. Google has also unveiled a new AI model, Gemini 3.7 Flash, built for coding and automated business tasks, according to [7].
Stock Performance
Several stocks saw significant movement, including Microsoft, which jumped 18% in a week after Azure's annual revenue topped $100 billion, as reported in [8] and [9]. Meta is making risky bets on artificial intelligence, but this may be undervaluing the stock, according to [10].