AI data center trade dented in the first trading session of September
Stocks hitched to the data center boom were key contributors to the market slump Tuesday, with Nvidia and the so-called hyperscalers — , , , and — among the biggest contributors to the downturn in th...
CoreWeave tumbles as top shareholder Magnetar dials down position, puts on huge collar trade
is getting trounced along with most other high-beta growth companies in early trading on Tuesday, as its top shareholder as well as some of its executives continued to take profits in the name they’re...
Oracle tumbles in broad pullback for AI trade
Hyperscaler is among the biggest losers in the S&P 500 on a day when traders are seemingly taking a big step back from the AI trade. Soft Q3 revenue guidance from chip designer Marvell Technology and...
Super Micro falls after warning it still hasn’t fixed its accounting problems
Super Micro’s accounting issues aren’t fully behind it. “We have identified material weaknesses in our internal control over financial reporting, which could, if not remediated, adversely affect our a...
Nvidia traded $50 billion yesterday; that’s more than 15x what the UK’s entire FTSE 100 did in London
Nvidia did just enough in its Q2 results this week to keep the AI train rolling. Some investors saw the slight data center miss as a concern; others — including most Wall Street analysts — were satisf...
Dell falls after soft Q3 guidance, margin squeeze in AI server business
is down 6% premarket after issuing soft guidance for the third quarter. The tech hardware company’s second-quarter earnings and revenue figures released after the bell on Thursday, however, did manage...
Marvell sinks on Q2 data center miss, weak guidance
slumped more than 13% in premarket trading after posting lower-than-expected data center results and a weak forecast for the third quarter. Though Q2 revenues were up 58% year over year to a record $2...
Over half of Nvidia’s AI direct hardware sales revenue comes from just three customers
solid second-quarter earnings report showed how good it is to be the seller of the best pickax in the town with the big gold mine. All of the big AI players are racing to pour hundreds of billions of ...
Nvidia, the asset manager, had a massive Q2 thanks to CoreWeave’s rally
made over $26 billion in net income in its second quarter, putting it third among S&P 500 companies as of their most recent quarterly filing and trailing only and . However, if you zeroed in on just ...
Nvidia slides after Q2 data center sales miss estimates
second-quarter results are out, and it’s a top- and bottom-line beat: However, you’ll note that the sales beat is not due to any positive surprise in its data center business, which modestly missed ex...
Morgan Stanley counts Amazon’s data center square footage to explain why its cloud business will boom
The second-quarter reporting period showed that competitors have been making up ground on in a key AI battleground among tech giants : their cloud businesses. Amazon Web Services’ revenues rose 17.5% ...
AMD rises after partnership with IBM to develop “quantum-centric supercomputing”
and are teaming up to develop “quantum-centric supercomputing” — a combination of one powerful investment theme that’s been a key driver of market performance and earnings growth (AI) with another w...
Seagate pops as analysts double down on AI-driven momentum
shares were up about 3.4% Monday afternoon, among the leaders of the S&P 500, after another show of confidence from Wall Street. Cantor Fitzgerald reiterated its “buy” rating and stuck a $175 price ta...
Aehr Test Systems soars after “world-leading hyperscaler” boosts its order
Semiconductor testing equipment maker is mooning after saying that a major hyperscaler has ordered even more of its systems to appraise their AI processors. Nearly one year ago, the company first ann...
Fabrinet tanks after warning of supply chain issues in its Nvidia-linked business
, a maker of optical communication devices with many use cases (including in AI data centers!), is tumbling after management said that sales in its data communication business are expected to fall in ...
TeraWulf jumps on Google’s increased 14% stake
jumped 13% in premarket trading this morning after announcing that AI cloud platform Fluidstack exercised its option to expand at the company’s Lake Mariner, New York, data center campus. The mining ...
Big Tech is turning into Big Energy
The race to build bigger and bigger AI data centers is creating huge demand for new power infrastructure. So much so that the biggest names in tech are getting into the energy business themselves. The...
CoreWeave rout deepens ahead of post-IPO lockup expiry
The sight you see in is a bunch of people climbing out of a building’s window after the fire alarm rings, fearing they’ll be trampled underfoot by a bunch of larger people standing near the door. Sha...
TeraWulf howls on AI hosting deal, Google’s new 8% stake
TeraWulf jumped more than 32% in early trading this morning after it announced two 10-year $3.7 billion AI hosting deals with AI cloud platform Fluidstack. The agreement includes two five-year extensi...
Foxconn’s Nvidia business is surging while its Apple business shrinks
Taiwan’s Hon Hai Technology Group, better known as Foxconn, said in its second-quarter earnings report that it expects its AI server revenue to more than double in the current quarter, thanks in part ...