Meta reportedly seeking $29 billion for data center construction
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 $...
By 2030, AI data centers could take a bigger share of carbon emissions than flights do currently
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...
Super Micro is ramping on waves of bullish option demand
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...
CoreWeave in talks to acquire Core Scientific: Report
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...
Amazon building 30 data centers in Indiana running its custom chips to power Anthropic AI
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 ...
Just 32 countries have an AI data center, but half are concentrated in just 5 of them
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 ...
Arista Networks jumps on no news, surge in call option activity
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...
Super Micro slumps after announcing $2 billion debt raise
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 ...
SoftBank’s Masayoshi Son wants to build a $1 trillion AI industrial park in Arizona
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...
Report: Musk’s xAI is burning through $1 billion per month
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...
How Nebius emerged from Russia and became one of Nvidia’s top-performing investments
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%. ...
Bank of America more than doubled its price target on CoreWeave and... downgraded the stock
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,...
Micron and Trump announce $200 billion investment touted by Huang, Nadella, and Cook… and the market doesn’t care
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...
Here’s how much power and water ChatGPT might be using per month
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...
CoreWeave reveals stake in Applied Digital, adding another brick to Nvidia’s “House of GPUs”
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...
Nvidia’s CoreWeave position alone would be one of the most profitable US companies
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...
CoreWeave goes parabolic as love for the new AI darling knows no bounds
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...
Broadcom hits all-time high after starting shipments of new AI hardware
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 ...
Constellation Energy spikes after sealing 20-year deal to sell nuclear power to Meta for AI
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...
Applied Digital, CoreWeave surge on data center deal
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...