Microsoft pledges $8 billion for data centers, cloud computing in UAE
announced another large AI-related investment in the United Arab Emirates today, pledging $7.9 billion for data centers and cloud computing. The deal adds to the $7.3 billion it has already poured int...
Cipher Mining soars after revealing a $5.5 billion deal with Amazon to provide AI data center capacity and power
is soaring in premarket trading amid another massive deal announced this morning between a bitcoin miner turned data center company and a hyperscaler. Along with its Q3 results , CIFR revealed a $5.5 ...
IREN surges on $9.7 billion deal to provide AI cloud capacity to Microsoft
is surging this morning after inking an agreement to provide with access to Nvidia Blackwell GPUs at a data center campus in Texas over a five-year period. The total contract value is approximately $...
CoreWeave’s attempt to buy Core Scientific is going down in flames
’s last attempt to buy Core Scientific in 2024 failed because management thought the bid was too low. Its July offer of an all-stock transaction then valued at about $9 billion was good enough to conv...
.jpg?w=1600&auto=compress%2Cformat&cs=srgb)
Applied Digital has “more near-term catalysts than the market expects,” says Needham
is up in early trading as Needham & Co. analyst John Todaro bangs the table on the Nvidia-backed data center upstart’s ability to secure energy to expand its operations. In a note to clients, the anal...
Meta is expected to spend a bigger share of its revenue on capex than ever before
has been pouring billions into data centers to power its AI ambitions — and investors, for now, are going along. Analysts surveyed by FactSet expect Meta’s third-quarter revenue, which it reports Wedn...
Banks prepare record $38 billion debt financing to fund Oracle-tied data centers
Banks led by JPMorgan and Mitsubishi UFJ are preparing a $38 billion debt offering to fund two -tied data centers in Texas and Wisconsin, Bloomberg reports . The projects, developed by Vantage Data Ce...
Data center and AI energy stocks rise as Trump administration reportedly pushes for data centers to access power faster
The Trump administration is urging regulators to speed up the approval process that allows for data centers to connect to the power grid, per a Bloomberg report published late Thursday evening. Citing...
Elon Musk’s Colossus 2 data center is MACROHARD
You can’t say Elon Musk doesn’t follow through on his weirdest side quests. In August, Musk posted on X that xAI was going to build software to compete with ubiquitous productivity apps. As he likes ...
Vertiv reports strong earnings as AI data center boom rolls on
AI infrastructure company is up early after reporting much better-than-expected Q3 earnings thanks to the AI boom. Adjusted earnings per share of $1.24 were better than the $0.98 FactSet consensus ex...
Applied Digital jumps after announcing $5 billion AI factory lease
was up more than 4% premarket after it announced a $5 billion, 15-year AI factory lease from a “US based investment grade hyperscaler” at its Polaris Forge 2 campus, which is expected to begin coming ...
Data center frenzy taxes natural resources, sparks anger around the globe
The race to build ever-larger power-hungry data centers isn’t limited to the US. In Ireland, more than 20% (!!!) of the country’s electricity is consumed by data centers. In Mexico, poor communities n...
Meta strikes $30 billion deal with Blue Owl to finance Hyperion data center
Hyperion mega data center site in Richland Parish, Louisiana, is currently under construction. The city-sized development will be the home to one of the largest data centers in the world, housing arou...
Diverse partnership’s $40 billion data center may the future of funding for AI
Another day, another multibillion-dollar data center deal. The announced $40 billion buyout — including debt — of Texas-based Aligned Data Centers on Wednesday was the first for a consortium establish...
Meta announces new Texas data center, partnership with Arm
announced today it’s breaking ground on a new “AI-optimized” data center in El Paso, Texas that will scale to 1GW. That’s not to be confused with the city-sized AI data center it’s building in Louisia...
CoreWeave jumps on partnership with AI model developer Poolside
Neocloud company is surging after it announced a partnership with Poolside to provide more than 40,000 Nvidia GPUs to bolster the development of Poolside’s AI models while also serving as the anchor ...
Data center stocks knocked back amid China stress
The buy-everything-data-center-related trade is having a rough ride Tuesday, with Goldman Sachs’ themed basket of AI data center stocks dropping 1.5% in early trading after soaring more than 3.5% to s...
AMD jumps after reaching deal to deploy 50,000 AI chips in data centers run by Oracle
is jumping (again) in premarket trading after said it will deploy 50,000 AMD AI chips in its data centers starting in the second half of 2026. Financial terms of the agreement were not disclosed. One...
Broadcom soars after announcing deal with OpenAI to deploy 10 gigawatts of AI accelerators starting next year
is spiking in early trading after the chip designer announced that it’s collaborating with OpenAI to develop and deploy 10 gigawatts of custom AI accelerators for use across data centers. The companie...
OpenAI commits up to $25 billion for 500-megawatt “Stargate Argentina” data center
OpenAI has reportedly signed a letter of intent to invest up to $25 billion on “Stargate Argentina,” a new 500-megawatt AI data center. Reuters reports that the deal would involve tax incentives. In a...