POET Technologies CEO Dr. Suresh Venkatesan on the “sweet spot” for the optical communications company in the AI boom
In the AI boom, everyone knows the big players: your trillion-dollar hyperscalers and chip designers, as well as the private market giants playing a starring role in the build-out and deployment of th...
Data center stocks knocked back amid China stress
The buy-everything-data-center-related trade is having a rough ride Tuesday, with Goldman Sachs’ themed basket of AI data center stocks dropping 1.5% in early trading after soaring more than 3.5% to s...
AMD jumps after reaching deal to deploy 50,000 AI chips in data centers run by Oracle
is jumping (again) in premarket trading after said it will deploy 50,000 AMD AI chips in its data centers starting in the second half of 2026. Financial terms of the agreement were not disclosed. One...
Navitas Semiconductor spikes after unveiling products “purpose-built” for Nvidia’s upcoming data center architecture
Shares of tiny chip firm are spiking after management unveiled products “purpose-built for 800 VDC AI factory architecture, delivering breakthrough efficiency, power density, and performance.” Nvidi...
Broadcom soars after announcing deal with OpenAI to deploy 10 gigawatts of AI accelerators starting next year
is spiking in early trading after the chip designer announced that it’s collaborating with OpenAI to develop and deploy 10 gigawatts of custom AI accelerators for use across data centers. The companie...
OpenAI commits up to $25 billion for 500-megawatt “Stargate Argentina” data center
OpenAI has reportedly signed a letter of intent to invest up to $25 billion on “Stargate Argentina,” a new 500-megawatt AI data center. Reuters reports that the deal would involve tax incentives. In a...
Applied Digital whipsaws after posting quarterly revenue beat in Q1
Shares of are gyrating down and up and down again in postmarket trading after the company reported better-than-expected results for its fiscal Q1, the three-month period ended August 31. The data cen...
Nvidia backs Reflection AI in $2 billion fundraising round
When DeepSeek R1 was released at the end of last year, it shook the AI world to its core . The scrappy Chinese startup developed a competitive open-weights reasoning model that bested several state-of...
Nvidia’s Jensen Huang throws shade at OpenAI-AMD deal
In an interview on CNBC yesterday, CEO Jensen Huang threw some shade at the recently announced megadeal between competitor and its partner, OpenAI. The unusual deal calls for AMD to sell multiple ge...
IREN drops on convertible debt offering
Shares of crypto miner and AI compute provider dropped after the Australia-based, US-listed company said late Tuesday that it would sell $875 million in convertible senior debt . The announcement cam...
POET Technologies is the newest low-price stock seeing record volumes and call activity thanks to retail traders
is the new shiny toy for retail traders. The company, whose optical communication tech aims to speed data transmission in AI data centers, soared 23% on Tuesday amid record volumes and call option vol...
Nvidia helps boost xAI funding round to $20 billion
xAI’s latest funding round has now doubled to $20 billion from $10 billion a month ago , thanks in part to backing from , which invested $2 billion in the equity portion of the transaction, Bloomberg ...
IREN jumps after announcing multiyear cloud services contracts with “leading AI companies”
shares soared in early trading for a second day after the bitcoin miner and AI compute provider issued a press release announcing new multiyear deals with “leading AI clients” to put its GPUs to work...
Rigetti Computing gains as Benchmark raises price target to a new Wall Street high of $50
is advancing in premarket trading after Benchmark analyst David Williams more than doubled his price target on shares of the quantum computing company to $50 from $20. He cited the company’s recent an...
Amkor rises after breaking ground on its new semiconductor packaging campus in Arizona, while increasing investment in the project to $7 billion
Amkor Technology Inc. soared in after-hours trading on Monday after announcing that it was breaking ground on its semiconductor advanced packaging and test plant in Arizona, while also increasing the ...
It’s getting pretty tough keeping all these AI deals straight
The role of “customer” and “investor” are usually pretty distinct: customers buy products. Investors provide money companies need to make products. But it’s not always this clear, especially if you ha...
Musk’s xAI spending $18 billion for another 300,000 Nvidia GPUs for “Colossus 2”
Elon Musk’s xAI is racing to finish its “Colossus 2” AI data center in Tennessee, and will need to spend at least $18 billion for the remaining 300,000 GPUs, according to a report from The Wall Stree...
Everyone is admitting the AI boom might be a bubble
At least it’s out in the open. Over the past couple of weeks, a number of investors, bankers, and tech oligarchs have frankly acknowledged that the surge of AI investment powering the stock market and...
OpenAI-AMD pact adds fuel to boom, boosting AI stocks
The news of the day — OpenAI’s megadeal with that will see the former purchase tens of billions’ worth of AI GPUs and receive up to a 10% equity stake in the latter — is cascading out through markets,...
AMD soars after striking megadeal with OpenAI that “is expected to deliver tens of billions of dollars in revenue”
OpenAI’s cash burn makes the investing world go ’round, and today, makes shares of go way up. The chip designer is surging after being the latest to strike a pact with the Sam Altman-led venture to a...