Core Industry Updates
SpaceX has secured $81 billion in AI data center contracts, expanding its operations into the AI sector with its neocloud business, which sells computing power to various tech companies. The company’s capital expenditures reached nearly $21 billion last year, with an additional $10 billion spent in Q1 2026.
Nvidia’s recent focus on its next-generation Vera CPU aims to compete with Intel and AMD, boasting 50% better performance for AI tasks. The company’s GPU sales hold 86% of the data center GPU market, although it’s facing increased competition as tech firms design their own CPUs. Nvidia’s server CPU market share stands at 33% in contrast to Intel’s 67%.
Micron Technology reported a 345% surge in sales to nearly $41.5 billion in fiscal Q3 2026, with non-GAAP earnings increasing over 1,200% to $25.11 per share. The global memory market is projected to grow from over $230 billion in 2026 to over $1 trillion by 2027. Demand is driven by AI and anticipated developments in robotics, with Morgan Stanley estimating a potential $5 trillion market for humanoid robots by 2050.
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