Meta to Deploy Homegrown Chips, Uber to Offer Zoox Rides | Bloomberg Tech 3/11/2026

Oracle commits $50B capex with $90B sales forecast

The company reassured investors that 90% of AI infrastructure deliveries were on time or ahead of schedule, addressing Wall Street fears about data center execution risks.

Meta deploys four generations of custom AI chips

MTIA 300 is already in production powering social feed recommendations while MTIA 400 enters deployment, part of a dual strategy to supplement Nvidia and AMD GPUs with in-house silicon.

Nvidia invests $2 billion in cloud provider Nebius

The funding supports deployment of 5 gigawatts of Nvidia systems by 2030 through the Dutch company formerly held by Yandex, continuing Nvidia's circular financing strategy.

Databricks acquires Quotient and GenieCode

The purchases focus on automated code deployment and quality measurement to prevent AI hallucinations and monitor data pipelines in production environments.

CEO democratizes coding for non-technical workers

Ali Ghodsi emphasized investments in Replicant enable 'vibe coding' for HR and finance teams, expanding AI tools beyond data engineers to knowledge workers.

Databricks delays IPO citing market volatility

Ghodsi stated the company will remain private to prioritize long-term AI investments over near-term EBITDA metrics amid uncertain conditions.

Goldman predicts 10% earnings growth with 7% S&P returns

Matthew Weir expects 2.4% real GDP growth to drive equity performance despite slight multiple compression from currently elevated valuation levels.

Markets historically recover from geopolitical shocks in 8 weeks

Analysis of 21 Middle East airstrikes shows 95% of the time U.S. equities trade 4% above pre-strike levels within two months of initial volatility.

AI job displacement offset by normal economic churn

While AI may displace 1 million jobs annually, Goldman expects losses to be absorbed within the 25-30 million jobs typically created and destroyed each year in the U.S.