Big tech's massive spending on AI data centers, power, and compute infrastructure
is looking to raise a total of $29 billion to pay for its gargantuan AI data center plans, according to a new report from the Financial Times. The company is looking to raise $26 billion in debt and $...
The AI boom has come with a slew of side effects, but beyond social implications, geopolitical complications, and economic transformations, the growing number of data centers used to power the tech co...
Shares of AI server company are up about 5% today on no news and a boatload of call option buying. This comes on the heels of Wednesday’s S&P 500-leading 8.8% advance for the firm. As of 3:11 p.m. ET...
is surging, up 27% in afternoon trading after The Wall Street Journal reported that is in talks to acquire it. A deal for Core Scientific, which provides infrastructure for AI and cryptocurrency mini...
First there was xAI’s Colossus . Then there was OpenAI’s Stargate . Now has “Project Rainier.” Tech companies are racing to build ever larger, more powerful AI data centers and betting hundreds of ...
Only 32 countries in the world host AI computing data centers, resulting in an uneven distribution of resources for AI researchers, according to a new study from Oxford University. This leaves entire ...
AI data center supplier is spiking, up more than 6% before midday on Monday. While there’s no fundamental news to speak of, there are definitely some options market flows of note: As of 11:20 a.m. ET...
is down 4% in premarket trading after the AI server company announced its intention to raise up to $2.3 billion in convertible senior notes. Management said other transactions made in connection with ...
One of the arguments for explaining why the US can’t manufacture many of the high-tech items we import from China is that America lacks dedicated manufacturing hubs like Shenzen, China, where hyperloc...
Elon Musk, the world’s richest man, has a history of burning piles of money in pursuit of eventual profits (see and SpaceX). The way he is running his AI startup, xAI, is no exception. Bloomberg is r...
Nvidia’s investment in AI cloud computing startup (and customer) is turning out to be quite a smart move for the company. CoreWeave’s shares have been on a tear since its IPO in March — almost 300%. ...
I’ve been doing this writing-about-stocks thing for a while, and cannot remember ever seeing something quite like this: Bank of America analysts hiked their price target on by 143%, to $185 from $76,...
It’s a doozy of a press release. Chipmaker and the Trump administration announced this morning that Micron plans to invest a whopping $200 billion — a huge number, to be sure — into chip manufacturin...
OpenAI CEO Sam Altman just published a new blog post titled “ The Gentle Singularity ,” which follows the established format of the positive AI manifesto that we have read before . “We are past the ev...
is surging after , the hottest IPO since sliced bread, revealed a 5.5% stake in the data center upstart, which would make it the fifth-largest owner according to publicly available filings. Who else o...
It was a little curious when took an anchor position in ’s IPO. The move had a bit of an ouroboros feel to it — the dominant industry player supporting an upstart whose business model has been depend...
Shares of -backed surged as much as 20% today in a strong follow-through to the already warm reception to its data center deal with on Monday. “CoreWeave’s new contract leasing capacity from Applied...
popped as much as 3.6% to a fresh all-time high on Tuesday after announcing that it’s now shipping Tomahawk 6 switch chips, which Senior Vice President Ram Velaga hailed as a “breakthrough” in making ...
On Monday, news from Meta sank ad agencies . On Tuesday, the social media giant is helping to send another industry’s stocks skyward. is surging double digits in premarket trading after striking a dea...
and are surging after the former announced a pair of 15-year deals between the two tech companies to support the latter’s AI capabilities. The company expects to generate approximately $7 billion fro...