Tech stocks today: Tesla tops Q1 estimates and gives Optimus updates, Intel to report Q1 earnings

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':"";if(r){var a=n.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",a).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?U:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,r=void 0,a=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return C(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,t){var n=this;M(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),M(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),I(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n=e.getConfig();if("smartphone"===n.device){if("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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shortly in Q2.”The first-generation production line will be located at Tesla’s Fremont plant, where the Model S and Model X assembly lines will be converted for Optimus production. Tesla says this line could potentially produce 1 million robots per year, which seems like the kind of lofty target Musk is known for making.Additionally, Tesla says its Robotaxi miles nearly doubled in the quarter, and the company is planning to build the largest chip factory on the planet to feed its and SpaceX’s needs.Beyond Tesla, Intel (INTC) will report its Q1 earnings after the bell on Thursday, as investors look for more information about its ability to meet growing CPU demand for AI data centers, and get a better look at the impact the global memory crunch is having on PC sales.LIVE 155 updates5 mins agoPras SubramanianElon Musk's Optimus dream inches closer to realityTesla’s (TSLA) and CEO Elon Musk’s Optimus robot dreams may soon be a reality.Tesla said in its Q1 earnings report that preparations for the company's first large-scale Optimus factory “will begin shortly in Q2.”20 December 2025, Berlín. Billionaire Elon Musk's US technology company Tesla today unveiled its humanoid robot "Optimus" at a Berlin shopping mall, where it served popcorn. (Photo by Christoph Soeder/picture alliance via Getty Images) · picture alliance via Getty ImagesThe first-generation production line will be located at Tesla’s Fremont plant, where the Model S and Model X assembly lines will be converted for Optimus production. Tesla says this line could potentially produce 1 million robots per year, which seems like the kind of lofty target Musk is known for making.Gigafactory Texas will eventually house a second-generation Optimus line, with an even more audacious long-term target of 10 million robots a year.Read more here.Today at 12:21 PM UTCDaniel HowleyIntel to report Q1 earning after the bell, and Wall Street has its eyes on data center growthIntel (INTC) will report its first quarter earnings after the bell on Thursday as AI continues to drive increasing demand for the company’s chips.Intel missed out on the initial AI boom due to its lack of chips capable of running AI models, as well as those from Nvidia (NVDA).And while Nvidia took full advantage of its AI chip lead, transforming itself into a nearly $5 trillion company, Intel is finally on the cusp of grabbing its own piece of the AI bonanza.That’s because as AI agents, semi- or fully autonomous AI bots that can perform tasks on users’ behalf, continue to become more popular, central processing units (CPUs) like the ones Intel makes are becoming increasingly important to data center companies and hyperscalers.The reason? While AI models still largely run on GPUs or similar offerings from Amazon (AMZN) or Google (GOOG, GOOGL), the tasks that AI agents perform, such as browsing websites or searching for data in spreadsheets, rely on CPUs.And that’s making the humble chip far more popular.Read more here.Wed, April 22, 2026 at 9:58 PM UTCClara Colbert5 key updates from Tesla's earnings releaseYahoo Finance's Myles Udland reports:Tesla stock rose late Wednesday after the company reported profits and sales that topped forecasts.Elsewhere in its earnings presentation, the company offered a slew of key updates across its manufacturing, autonomous driving, AI, and energy initiatives.Here are some of the highlights:Robotaxi miles ‘nearly doubled’ from the prior quarter“In Q1, paid Robotaxi miles nearly doubled sequentially. Once in production, we expect that Cybercab will begin to replace the existing Model Y fleet and will be the largest volume vehicle in the fleet over time.”Tesla and SpaceX plan to build the largest chip plant ever“Coinciding with Robotaxi and Optimus ramps, we are expanding our scope of manufacturing to include semiconductor fabrication, an important step to ensure sufficient and resilient chip supply. Our partnership with SpaceX aims to build the largest chip fab ever.”Subscription Full Self-Driving“We began moving FSD (Supervised) to subscription-only. Adoption (attachment to new purchases) and penetration (total users among the eligible fleet) both continued to grow, with record net new subscriptions in Q1.”Tesla’s Supercharger network grew 19% in the first quarter“We continue to build out our supporting infrastructure for our vehicle and mobility businesses, including Robotaxi expansion, across established and growth markets around the world. In Q1, we added over 2,200 net new Supercharging stalls, growing the network 19% year-over-year. Read more here.Wed, April 22, 2026 at 9:46 PM UTCClara ColbertTesla earnings, sales top forecasts as company sees 'tailwinds' boosting auto businessYahoo Finance's Pras Subramanian reports:Tesla (TSLA) reported first quarter earnings that topped estimates after the bell on Wednesday, with Wall Street focused on the company’s slow-to-evolve Robotaxi rollout and capital expenditures, which are expected to balloon due to the company’s AI ventures.Tesla reported revenue of $22.39 vs. $22.08 billion per Bloomberg consensus, down 9% year over year. Tesla posted adjusted EPS of $0.41 vs. $0.35. Tesla’s gross margin also hit 21.7%, vs. 17.7% estimated.Tesla stock jumped 4% in after-hours trade.Read more here.Wed, April 22, 2026 at 4:22 PM UTCPras SubramanianRivian stock jumps as EV maker begins volume production of R2 SUVRivian (RIVN) started production of its highly anticipated R2 SUVs, with customer deliveries expected later this spring.Though the R2 production start was expected, it is a pivotal moment for Rivian as the EV maker ‌bets on a lower-cost, volume model to increase demand and eventually turn a profit."We've been encouraged by the reservations that we've been receiving for the R2 product overall," CFO Claire McDonough told Reuters. "We'll start to invite customers to begin ‌to configure their vehicles in the ⁠June time frame. So, we'll have better visibility at that point."Rivian stock was up nearly 5% in midday trade.Read more here.Wed, April 22, 2026 at 2:52 PM UTCDaniel HowleyOpenAI briefing US government, allies on latest Cyber AI modelOpenAI (OPAI.PVT) has provided information about its latest Cyber AI model to the US government and its allies, according to Axios. Called GPT-5.4-Cyber, the model is designed to be more permissive with requests related to finding bugs and holes in software.The idea is to help governments and companies test their existing applications and services against GPT-5.4-Cyber to identify any flaws and ensure they’re better protected against potential malware attacks.OpenAI is reportedly speaking with the US goverment and its allies about its latest cybersecurity model.· Reuters / REUTERSOpenAI only provides access to GPT-5.4-Cyber to members of its Trusted Access for Cyber program.But AI models cut both ways when it comes to cybersecurity.Experts have been warning about the danger of AI models being used for nefarious purposes for some time. More recently, Anthropic announced that it would delay the release of its Claude Mythos Preview because it found that it was too good at finding holes in third-party software during internal testing.Wed, April 22, 2026 at 1:52 PM UTCClara ColbertSpaceX strikes $60 billion deal for the right to buy CursorSpaceX on Tuesday posted on X that AI coding tool maker Cursor has given the company the option to purchase it later this year for $60 billion.“SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI. The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models. Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together,” the post said.CANADA - 2026/04/08: In this photo illustration, the Cursor AI logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) · SOPA Images via Getty ImagesThe deal is part of SpaceX CEO Elon Musk’s plan to transform the rocket company into an AI behemoth ahead of its upcoming IPO. Musk merged SpaceX with his xAI startup in February.The SpaceX IPO, targeted for June, is aiming for a $1.75 billion to $1.8 trillion valuation, potentially making it the largest in history.Wed, April 22, 2026 at 1:28 PM UTCGoogle launches two new AI chips, taking shot at NvidiaGoogle (GOOG, GOOGL) debuted two AI processors during its Google Cloud Next 2026 conference in Las Vegas on Wednesday.The new chips, called the TPU 8t and TPU 8i, push Google further into competition with partners Nvidia (NVDA) and AMD (AMD). Earlier this month, the company announced an expanded deal with Anthropic (ANTH.PVT) to provide “multiple gigawatts of next-generation TPU capacity” to the AI lab.Google's new TPU 8i chips. (Image: Google) · GoogleGoogle is also working to provide Anthropic rival OpenAI (OPAI.PVT) with TPU capacity to power that company’s own AI offerings.And in February, The Information reported that Meta signed its own multiyear, multibillion-dollar deal for access to Google’s TPUs.The TPU 8t, Google said, is optimized for training AI models and can “reduce the frontier model development cycle from months to weeks.Read more here.Wed, April 22, 2026 at 1:27 PM UTCWhat John Ternus becoming Apple's next CEO tells us about the company's futureApple (AAPL) CEO Tim Cook will leave the position he’s held since 2011 and turn the keys over to senior vice president of hardware engineering John Ternus on Sept. 1.The move elevates the 50-year-old Ternus into one of the most important chief executive roles in Silicon Valley at a time when AI continues to roil the broader tech industry.FILE - John Ternus, Apple's V.P. of Hardware Engineering, discuss the latest development for the iPad Pro during an event to announce new products Tuesday Oct. 30, 2018, in the Brooklyn borough of New York. (AP Photo/Bebeto Matthews, File) · ASSOCIATED PRESSHe’s a contrast from Cook, who joined Apple in 1998 and served as the company’s COO before becoming CEO in 2011. Cook is an operations expert, which helped him turn Apple into the $4 trillion behemoth it is today. It also allowed the company to navigate the pandemic and subsequent supply chain crunch, as well as President Trump’s tariffs.Now the company will be led by a product-centric executive with experience working on everything from the iPhone to AirPods. And the decision could provide a glimpse into where Apple is heading at a crucial time in its history.Read more here.Tue, April 21, 2026 at 1:51 PM UTCDaniel HowleyTrump administration, Anthropic may be close to deal on Pentagon standoffPresident Trump signaled that the US government may be preparing a deal to end its ongoing standoff with AI leader Anthropic (ANTH.PVT). During an interview with CNBC, Trump said Anthropic representatives met with him in the White House “a few days ago” and that he believes the government will “get along with them just fine.”Trump said it’s possible a deal will be made, because he “wants the smartest people,” but noted that the government has replaced Anthropic with OpenAI.CEO of Anthropic Dario Amodei, addresses the gathering at the AI Impact Summit, in New Delhi, India, February 19, 2026. REUTERS/Bhawika Chhabra/File Photo · Reuters / REUTERSThe blowup between the company and the government came after Anthropic told the Department of Defense that it wouldn't allow the department to use its AI models for the mass surveillance of Americans or to develop fully autonomous weapons.The government then shot back, labeling Anthropic a supply chain threat, which would force government contractors that use the company’s software to abandon it for any government work.And while Anthropic won a temporary reprieve from the designation in a federal court in California, it still faces a fight in the DC Circuit Court of Appeals over the grounds for the government’s efforts.Anthropic already works with the DOD, and reports say the Pentagon used the company's technology during its operation in Venezuela in January and in the current conflict with Iran.Tue, April 21, 2026 at 12:01 PM UTCDaniel HowleyWhat you need to know about Apple's new CEO John TernusApple’s (AAPL) Tim Cook is stepping down from his role as CEO, turning the reins of the $4 trillion company over to senior vice president (SVP) of hardware engineering John Ternus.Rumors have been swirling since at least 2024 that Ternus was up for the chief executive position, and that will become reality on Sept. 1.Apple's next CEO John Ternus. REUTERS/Stephen Lam/File Photo· Reuters / ReutersWhile Ternus holds one of the larger leadership roles at Apple and makes appearances at the company’s high-profile product launches, including the debut of the MacBook Neo last month, he’s still a relative unknown for those who haven’t been following the company closely in recent years.Ternus joined Apple in 2001 as a member of the company’s product design team, before being elevated to VP of hardware engineering in 2013. He was named SVP of hardware engineering in 2021.He’s also the kind of perfectionist Apple is known for.Read more here.Tue, April 21, 2026 at 11:56 AM UTCDaniel HowleyTim Cook was a boon for Apple investorsApple (AAPL) on Monday announced that CEO Tim Cook will step down from the role he’s held since August 2011 on Sept. 1.During his time as CEO, Cook oversaw the launch of a variety of new products, including the Apple Watch, AirPods, and the company’s new MacBook Neo. He’s also been instrumental in increasing Apple’s Services segment revenue to more than $100 billion, the company’s second-largest business behind the iPhone.Apple CEO Tim Cook gestures during the keynote at an Apple special event on September 09, 2025 in Cupertino, California. (Photo by Justin Sullivan/Getty Images)· Justin Sullivan via Getty ImagesCook leveraged his supply chain expertise to dramatically expand Apple’s business. The company’s market capitalization has grown from $350 billion to just north of $4 trillion as of the end of the trading day Monday, a staggering 1,000% increase.Yearly revenue has quadrupled from $108 billion in 2011 to $416 billion in 2025. Apple’s iPhone revenue, in particular, has skyrocketed under Cook’s leadership, from $47.1 billion to $209.6 billion this year.Read more here.Mon, April 20, 2026 at 9:04 PM UTCMyles UdlandAmazon to invest up to $20 billion in Anthropic as part of expanded AWS dealAmazon said Monday it will invest another $5 billion into Anthropic — and potentially up to $20 billion — as part of a new agreement with the AI startup that will see Anthropic commit to spending at least $100 billion with AWS over the next ten years.Amazon has previously invested $8 billion in Anthropic.In a press release, the company’s said this deal, “encompasses current and future generations of Trainium (Amazon’s custom silicon) and tens of millions of Graviton cores (Amazon’s widely-adopted CPU chip) to provide superior price performance.Adding: “Anthropic will secure up to 5 gigawatts (GW) of capacity to train and power their advanced AI models, including significant Trainium3 capacity expected to come online this year. The collaboration also includes a meaningful expansion of international inference in Asia and Europe to better serve Claude’s growing international customer base.”Amazon stock was up more than 2% in extended trading on Monday after the news.Mon, April 20, 2026 at 8:46 PM UTCMyles UdlandApple CEO Tim Cook to step down Sept. 1, company names John Ternus next chief executiveThe Tim Cook era at Apple is coming to a close.On Monday, the company announced that Cook would step down as CEO, effective Sept. 1.John Ternus, who currently leads the company’s hardware engineering division, will take the role.Cook, who has served as Apple CEO since 2011, will take a role as the company’s executive chairman.“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” Cook said in a statement. “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor.”The change comes after what Apple said in a statement was a “thoughtful, long-term succession planning process.”Apple also announced Monday that Johny Srouji was named to a new role as the company’s chief hardware officer. Srouji had lead the company’s hardware technology efforts; this role will combine Apple’s hardware efforts under one unit.Mon, April 20, 2026 at 7:12 PM UTCDaniel HowleyGoogle launching AI coding 'strike team'Google (GOOG, GOOGL) is making a hard push to ensure its internal AI coding models can keep up with those from rival Anthropic (ANTH.PVT). According to The Information, the effort, which the publication refers to as a “strike team,” is focused on ensuring that Google’s coding models can eventually write AI software on their own.The move comes after individuals within Google’s AI teams look to catch up to Anthropic’s own AI coding capabilities. Anthropic’s Claude Code is considered among the best on the market and is a key component of the company’s success with enterprise users.Google is setting up on a 'strike team' to improve its AI coding efforts, according to The Information. (AP Photo/Thibault Camus,File) · ASSOCIATED PRESSBut Google’s coding efforts aren’t part of a planned public release. The Information says the software would instead be trained using Google’s internal code and then deployed within the company itself, rather than offered to customers.Companies have rapidly adopted AI coding technologies to accelerate the rollout of new software and reduce costs. But that’s also led to concerns over job losses among junior developers, as well as fear among cybersecurity experts that the speed at which code is being written and released could result in more unseen bugs entering the public sphere, leading to future cyberattacks.Mon, April 20, 2026 at 6:49 PM UTCClara ColbertTesla is last in the 'Magnificent 7' rally — and the first tech giant to report earnings: Chart of the DayYahoo Finance’s Jared Blikre reports:Tesla (TSLA) heads into earnings Wednesday night as the weakest link of the “Magnificent Seven” — and it’s the first of the group to report.Since the broader market’s March 30 low, Tesla is up only 11%, dead last among its Magnificent Seven tech peers. It’s also down 12% year to date, the second-worst Mag 7 performer, with only Apple (AAPL) faring worse. And on today’s tape, it’s the second-biggest decliner in the group, trailing only Meta (META).Tesla 1-year chart with 200-day moving averageThe one-year chart tells the story of a range-bound stock. Four formations stand out.Read more here.Mon, April 20, 2026 at 2:37 PM UTCClara ColbertSemiconductor stocks haven't been this hot since the dot-com bubble — and it could end badlyYahoo Finance's Brian Sozzi reports:The Philadelphia Semiconductor Sector Index (^SOX) — better known among traders as the SOX — has surged 30% in the past 13 days. That marks the largest rally of this kind since 2002, BTIG chief market technician Jonathan Krinsky pointed out. The last and only time the SOX saw a similar move into a new high was March 2000, at the peak of the dot-com bubble.The SOX is more than 16% above its 50-day moving average, and at a 52-week high, which is a warning flag, Krinsky said. His work shows that the SOX has been negative 85% of the time five days later, with a median return of -3.64% following this signal.The Philadelphia Semiconductor Sector Index is a capitalization-weighted index composed of the 30 largest US companies involved in the design, distribution, manufacture, and sale of semiconductors.Read more here.Mon, April 20, 2026 at 2:34 PM UTCPras SubramanianTesla Q1 earnings preview: Robotaxi rollout, mega capex spending in focusTesla (TSLA) will report first-quarter earnings after the bell on Wednesday, with Wall Street focused on the company’s slow-to-evolve robotaxi rollout and cap-ex spending, which is expected to balloon due to its AI ventures.Analysts expect Tesla to post revenue of $22.08 billion, down 9% year over year, according to Bloomberg consensus. Tesla’s adjusted EPS is expected to come in at $0.35, with adjusted EBITDA projected for $3.217 billion, down 14.4% versus Q1 last year.The key to Tesla’s growth is the rollout of its robotaxi service. Over the weekend, the company said it had expanded robotaxi service to parts of Dallas and Houston.Prior to this expansion, Tesla only offered robotaxi service in Austin and ride-hailing services in the San Francisco bay area.Read more here.Mon, April 20, 2026 at 1:02 PM UTCMeta launching program to train fiber technicians amidst worker shortagesMeta (META) is teaming up with CBRE to launch a multi-year program that will train US workers to become fiber technicians, as the tech giant looks for ways to fill such positions as part of its massive data center buildout.Fiber technicians install and maintain the networking tools within data centers and other high-tech facilities. The four-week program, LevelUp Fiber Technician Pathway, Meta says, will provide individuals ranging from high school graduates to mid-career professionals with the skills they need to operate in the field.FILE - Meta's Stanton Springs Data Center is seen Tuesday, Jan. 13, 2026, in Newton County, East of Atlanta. (AP Photo/Mike Stewart, File) · ASSOCIATED PRESS“We currently operate or are building 27 data centers in the US. Since 2010, these projects have supported more than 30,000 skilled trade jobs during construction and more than 5,000 permanent operational roles like site managers and engineers,” Meta said in a statement.The data center boom has run into a shortage of skilled construction workers, with the construction industry trade group Associated Builders and Contractors estimating that 499,000 new workers will be needed in 2026 to meet demand.Mon, April 20, 2026 at 11:38 AM UTCGrace O'DonnellThe AI trade is fueling the market to record highs despite Iran warYahoo Finance’s Ines Ferré reports:The AI trade has fueled the market to all-time highs, even with continuing uncertainty in the Middle East.Fears of supply shocks for everything from natural gas to helium didn't materialize enough to affect chip manufacturers and hyperscalers.Since the March 30 bottom, the iShares Semiconductor ETF (SOXX) has surged more than 30%. "Magnificent Seven" components, including Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOG, GOOGL), Meta (META), and Tesla (TSLA), are all up by double-digit percentages. Even the once-battered iShares Expanded Tech-Software Sector ETF (IGV) also rose.Oil prices have remained volatile since the start of the war. But the tech sector's high margin gives it enough financial cushion to absorb higher commodity costs tied to chip and server production for data centers. This extends to Asian economies reliant on Middle Eastern energy imports."From what we see as of today, these companies who need that helium and sulfur are able to pay up," Chetan Ahya, chief Asia economist at Morgan Stanley, said earlier this week.Read more here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info