Guidance hike helps GE Vernova to best day ever
posted its best ever day in the markets after a strong earnings report and an upgrade of its guidance for full-year 2025 sales, operating margin, and cash flow underscored its view that the AI investm...
Google’s new capex guidance is music to Broadcom’s ears
The hyperscalers’ capex outlooks are the AI chip designers’ earnings outlooks. To that end, Alphabet boosted its outlook for capital expenditures in 2025 to about $85 billion in its release of Q2 earn...
Alphabet rises after reporting solid Q2 earnings and plans to increase capex spend to $85 billion
stock rose slightly after the tech giant posted second-quarter results just above Wall Street’s expectations. Shares were up a little more than 1% in after-hours trading. Google’s parent company expec...
The AI boom is devouring US power and raising prices, and the market loves it
The massive US investment boom in AI infrastructure will contribute to rising electricity bills next year across a giant swath of the United States. Prices set in a key auction from the nation’s large...
GE Vernova jumps after Q2 earnings beat, as CEO hails firm’s role in the AI capex supercycle
jumped in premarket trading Wednesday after the energy equipment giant posted better-than-expected Q2 results. The supplier of gas turbines to the energy sector — one of three companies formed when Ge...
Morgan Stanley touts a $70 billion boost for megacap tech companies from the One Big Beautiful Bill Act
Morgan Stanley has dotted its I’s and crossed its T’s to figure out just how much of a near-term boost the budget reconciliation bill dubbed the “One Big Beautiful Bill Act” will give to the cash flow...
Report: Weeks after raising $10 billion, Musk seeking another $12 billion for xAI to buy Nvidia GPUs
Fresh off a $10 billion funding round and an embarrassing episode involving its Grok model declaring itself “MechaHitler,” Elon Musk’s xAI needs even more cash for GPUs for its massive data center ex...
OpenAI and SoftBank’s $500 billion AI data center “Stargate” stumbles
On the second day of his second term, President Trump stood alongside CEO Masayoshi Son, founder Larry Ellison, and OpenAI cofounder and CEO Sam Altman to announce the $500 billion “Project Stargate...
Talen Energy buys new power plants, sending shares rocketing
, a power provider for hire with a focus on selling juice to the booming AI data center industry, announced the purchase of two gas-fired power plants that feed the massive PJM Interconnection grid, t...
BofA modestly raises Meta price target based on higher confidence in ad growth
Bank of America raised its price target for to $775 from $765 after Meta CEO Mark Zuckerberg announced yesterday that the company is building “several multi-GW clusters” and spending “hundreds of bil...
Google, xAI, Anthropic, and OpenAI each receive $200 million contracts from Department of Defense
The Department of Defense is spending $800 million on “agentic AI workflows” and most of the big players are getting a slice of the pie. , OpenAI, Anthropic and xAI all received awards capping out at ...
Nvidia-backed Nebius shoots up on Goldman initiating coverage as a “buy”
AI data center startup shot up over 16% today on news that Goldman Sachs has initiated coverage of the stock with a “buy” rating and a price target of $68. recently revealed a $33 million stake in th...
Zuckerberg: Meta is building “several multi-GW clusters” and spending “hundreds of billions of dollars” on AI data centers
CEO Mark Zuckerberg took to Threads today to promote his new all-star “superintelligence” team and announce that the company is investing “hundreds of billions of dollars” on AI data centers.
After topping the $4 trillion market cap milestone, Nvidia’s valuation per employee is reaching new heights
According to my ChatGPT query, which poetically was probably only made possible by an Nvidia GPU, there are a few American towns with a population of about 36,000: Westerville, Ohio, and Haverhill, Ma...
AI darling Vertiv is getting crushed as Amazon launches cooling system for data center servers
It’s been the kiss of death for many companies, if not industries, when Amazon decides it wants to enter the space. is feeling that sting, with shares down about 8% midday Thursday after the e-commerc...
Rare earth stocks rip on government deal
Companies linked to critical magnetic materials known as rare earths soared on Thursday after the US government announced plans to take a large stake in small-cap , the operator of the only rare eart...
AES, power provider to hyperscalers, is exploring a potential sale
Shares of are up double digits in premarket trading after Bloomberg reported that the company is willing to listen to acquisition offers. The Virginia-based operator of renewable energy power plants ...
Core Scientific is a slave to CoreWeave’s low float, and that low float is going up
The terms of ’s acquisition of — namely, that the owners of the latter will receive 0.1235 shares of the former to seal the deal — creates a funny situation. If you assume this transaction will go th...
CoreWeave sinks after announcing $9 billion deal to buy Core Scientific
Shares of recently IPO’d retail darling are slumping in premarket trading after the company announced plans to buy crypto miner (and business partner) in an all-stock deal worth about $9 billion at ...
Nvidia backs new data center power management startup Emerald AI
The amount of energy needed to power the massive data centers being built for the next wave of AI is staggering . But it isn’t flexible. “Traditionally, the power grid has treated data centers as infl...