Bloom Energy falls as Mizuho downgrades the stock to “neutral” from “outperform”
There’s an immense need for power to fuel the AI data centers playing the starring role in driving up electricity prices . Mizuho just isn’t sure that the high-flying fuel cell company is well placed...
Nebius soars on new report that details the importance of its near $20 billion deal with Microsoft
is jumping in premarket trading after a Bloomberg report shed more light on its near $20 billion deal to supply computing power to . Citing people familiar with the matter, the report says that Nebius...
GE Vernova declines after analyst downgrade of top AI energy trade
Power turbine maker is down midday after RBC analysts cut their rating on the stock from “outperform” (essentially a “buy”) to “sector perform” (essentially a “hold”), suggesting that long-term earni...
Rising ambitions and skyrocketing costs: Here’s what we know about Project Stargate
As tech giants like , xAI, , and race to build colossal AI data centers , one massive undertaking stands apart from the rest in its ambitious goals: Project Stargate. In the eight months since Starga...
CoreWeave’s streak of deals continues with $14 billion agreement with Meta for AI compute
signed a deal to provide up to $14.2 billion of compute to on September 25, according to a filing released this morning. The pact lasts through December 14, 2031, and includes an option for the Zucke...
Nvidia jumps as Jefferies hikes price target to $220 from $205
is off to a great start this week, buoyed by Jefferies analyst Blayne Curtis hiking his price target on the $4 trillion chip designer to $220 from $205 thanks to the recent announcement of its $100 mi...
Disk drive makers rip, analyst cites conviction on cycle upswing
and — makers of the affordable data storage devices known as hard disk drives — surged Monday amid a general upswing in the AI data center trade and after a specific shout-out to the sector by Morgan...
The AI infrastructure debate’s heating up, as spending on data centers set to outpace office construction
Depending on who you ask, the AI data center boom is either an obscene waste or not fast enough. Just yesterday, famed investor David Einhorn cautioned that there’s a “chance that a tremendous amount ...
IREN slips after JPM gives the stock its only “sell” rating
Bitcoin miner and AI compute power provider slumped in early trading after JPMorgan analyst Reggie Smith cut his rating on the stock to “underweight” from “neutral,” citing downside risks for the sto...
Cipher reverses course after Google deal, sinks 10%
After rising nearly 10% premarket on news that was taking a 5.4% equity stake in the company, is now trading down about 10% after market open. It’s unclear why. The stock is still up more than 90% f...
Cipher Mining soars after Google takes stake as part of AI hosting deal
is up more than 8% in premarket trading on news that is taking a 5.4% equity stake in the company as part of a 10-year, 168-megwatt AI hosting deal with cloud computing company Fluidstack. The agreem...
Report: Nvidia may lease its chips to OpenAI as part of deal
Why buy when you can rent for cheaper? That’s the thinking behind a new report from The Information that says as part of its blockbuster $100 billion investment , is in discussions with OpenAI to lea...
OpenAI, Oracle, and SoftBank announce five new AI data center sites, putting Stargate ahead of schedule
Since Oracle’s $300 billion deal with OpenAI grabbed the headlines a few weeks ago — sending Oracle’s stock soaring and briefly making its chairman the world’s richest person — some of the biggest que...
Bank of America explains why Nvidia almost has to invest in OpenAI and Intel
is in the business of giving tech bigwigs the tools to try to create God, and in the process, the chip designer has made more money than God. Bank of America analyst Vivek Arya believes the company is...
Clash of the titans: Here are the biggest AI data center projects
Nvidia’s $100 billion megadeal with OpenAI to build massive AI data centers filled with Nvidia GPUs sets a new threshold for unprecedented computing power: the plan describes a partnership to build a ...
Wedbush: Nvidia investment in OpenAI is a “watershed moment”
Wedbush Securities analyst Dan Ives thinks $100 billion investment in OpenAI says a lot of things about the importance of the moment we’re in. It’s a “watershed moment,” a “Ryder Cup moment,” and a “v...
Nvidia jumps on plans to invest up to $100 billion in OpenAI as part of data center expansion
shares jumped as the company said it would invest as much as $100 billion into OpenAI as part of an unprecedented data center buildout. Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman made the annou...
Wedbush boosts price target on Oklo — a pre-revenues nuclear power AI play — to $150
is the 449th-largest stock in the US coming into this week, boasting a market cap above that of , , or . It also happens to have generated zero sales, making it the largest pre-revenue stock listed on...
Bitcoin miner IREN surges on AI data center announcement
Australian midcap bitcoin miner and contract data center operator jumped in early trading after announcing additional purchases of and GPUs to strengthen its business as a spot provider of data cen...
OpenAI reportedly poaching key Apple designers, using Apple manufacturing partners for AI gadgets
New details are emerging about the mysterious AI gadgets being designed by former Apple design chief Jony Ive since OpenAI purchased his startup “io” in May. According to a report by The Information ,...