Allbirds traded more than JPMorgan and Exxon Mobil yesterday
After a surprising announcement that the tech bro shoemaker would be pivoting to AI on Wednesday, shares of were flying high — soaring nearly 600% by the end of the day in record trading volume. This...
TSMC CEO on Tesla and Intel’s Terafab: “There are no shortcuts”
CEO Elon Musk has reportedly asked the chip industry suppliers for his Terafab chipmaking project to move at “light speed” in an effort to help Tesla and SpaceX manufacture the AI chips they need. On ...
TSMC Q1 earnings crush estimates, with chipmaker lifting full-year sales guidance thanks to “extremely robust” AI demand
booked profits far better than expected in Q1, with management projecting strong sales for Q2 and the rest of the year. The world’s largest foundry company reported earnings per share of NT$22.08 (~$0...
Investors are piling into “heavy assets, low obsolescence” stocks they hope can’t be clobbered by AI
In 2021, said it would sink $20 billion into two new US chip factories in Arizona — while simultaneously boosting capital spending by almost 50%. The goal, Intel said, was to take on Taiwan Semicondu...
OpenAI pulls out of Stargate Norway, hands data center off to Microsoft
First, OpenAI scrapped the expansion of its Abilene, Texas, Stargate I data center site. Then it killed Stargate UK. Now, Stargate Norway is the latest piece of the once grand Stargate global data cen...
Allbirds, the quarter-zip of footwear, is leaving shoes behind to become an AI infrastructure company
Shares of onetime elder millennial footwear fave are going absolutely vertical in Wednesday trading, following the company’s announcement that it is pivoting from shoes to, what else, AI. Allbirds sh...
Broadcom jumps on expanded chip deal with Meta
is ticking up 3% in premarket trading on Wednesday after yesterday’s announcement that it will expand its partnership with to produce multi-generation custom chips to power Meta’s in-house AI acceler...
Vertiv’s dominance in data center cooling earns it an “outperform”
added to its nearly 90% 2026 gain early Tuesday after BNP Paribas analysts initiated coverage on the stock with an “outperform” rating — essentially a “buy” — and a $345 price target, about a 15% prem...
Report: SpaceX’s satellite internet business is propping up its rocket and AI businesses
Ahead of SpaceX’s highly anticipated IPO in June, new reporting from The Information reveals just how dependent the rocket and AI company is on its internet business. According to the report, in 2025,...
Bloom Energy spikes after vastly expanding its deal to supply fuel cells to Oracle
spiked 15% in postmarket trading on Monday after expanding its pact to supply power to . The hyperscaler has contracted an initial 1.2 gigawatts of fuel cell capacity from Bloom, with plans to procure...
Neoclouds surge as Anthropic’s deals mean the scramble for compute is on
Just because software stocks are crushing semiconductors on Monday in a reversal of recent trends doesn’t mean the AI trade is taking a nosedive. is on fire yet again, with strong follow-through after...
Report: Amazon hopes its Project Houdini modular data center plan is the trick to speed up construction
is looking for a magic trick that can help it get past data center construction bottlenecks so it can work through the $244 billion worth of cloud computing backlogs it wants to deliver. It may have j...
CoreWeave strikes deal with Anthropic to rent data center capacity to power Claude
struck a multiyear deal with Anthropic to rent data center capacity to build and deploy its Claude AI models, the company announced Friday . The company did not specify how much the deal is worth. The...
OpenAI’s Stargate shrinks further as UK data center “paused”
OpenAI’s ambitious Stargate global data center project just got smaller. First announced at the White House alongside President Trump at the start of his second term, the OpenAI partnership with and ...
CoreWeave expands its AI compute sales deal with Meta by $21 billion
announced that it’s significantly boosting its sales of AI computing capacity to . The neocloud will now provide an additional $21 billion in AI compute to the social media giant through December 2032...
Applied Digital Q3 results crush estimates
delivered Q3 results far better than expected, but the stock is running into some overhead resistance. For its fiscal Q3, the data center operator reported: Revenue of $126.6 million (estimate: $76.5 ...
Data center trade revived on Iran war ceasefire
Data center stocks leapt early Wednesday, as the Iran war ceasefire reinvigorated risk-taking aimed at the booming AI build-out. A wide range of stocks related to building and powering data center she...
Samsung’s massive Q1 fails to lift Sandisk, other data center plays
Almost all memory stocks slipped Tuesday, despite getting a positive update on the massive flood of money pouring into the sector from the AI build-out, as the potential escalation of the US war with ...
Broadcom jumps after locking down Google as a customer for future generations of TPUs
Shares of rose more than 3% in postmarket trading on Monday after its most important customer doubled down on the custom chip specialist’s ability to produce its most valuable commodity. In a filing ...
Report: OpenAI on track to burn $85 billion in 2028, expects profitability by 2030
Anthropic and OpenAI are racing to go public this year, and all eyes are on how long they can sustain burning billions in cash before they achieve something that looks like a viable business. Investor...