Alphabet said it will acquire Intersect, a startup focused on energy for data centers, for $4.75 billion and the assumption of debt. Google, a unit of Alphabet, owns a minority stake in Intersect.
Broadcom reported better-than-expected fourth quarter results as it continued to see a revenue surge due to custom AI chips.
AWS re:Invent 2025 featured the usual firehose of news, announcements and tech talks, but it's also clear that AWS is becoming a different company. Yes, AWS is firmly committed to developers and dedicated to creating building blocks needed to scale agentic AI. But AWS is clearly more than an infrastructure company now. Yet it is not quite a software company either.
AWS launched new Graviton5 based instances with 192 core per chip and a 5x larger cache as the company continues its custom processor cadence.
HPE's results were mixed by product line. For instance server revenue was down 5% to $4.5 billion. Networking revenue, boosted by the acquisition of Juniper Networks, was $2.8 billion, up 150% from a year ago. Hybrid cloud revenue was $1.2 billion, down 12% from a year ago.
Amazon Web Services and Google Cloud are making their clouds interoperable in a move that will be welcomed by multicloud enterprises.
Dell Technologies saw record AI server orders in the third quarter and raised its fiscal 2026 AI shipment guidance to $25 billion, up 150% from a year ago.
Amazon said it will invest $50 billion to build and deploy AI and high performance computing infrastructure built for the US government.
Anthropic will continue to diversify its cloud infrastructure for its Claude workloads with an agreement to purchase $30 billion in Azure compute. In addition, Nvidia will invest up to $10 billion in Anthropic and Microsoft can invest up to $5 billion. Claude will also be available on Microsoft Foundry.
Dell Technologies said it adding more automation to Nvidia AI Factory deployments using blueprints that automate more than 30 manual steps and can get customers into deployment in as few as 10 clicks.
Cisco reported better-than-expected first quarter results, raised its outlook and said it landed more AI infrastructure orders from hyperscalers and posted strong networking growth.
AMD projected compound annual revenue growth rates of 35% over the next three- to five years and said demand for AI infrastructure and its chip portfolio is strong.
