Pure Storage is having its best day ever, hits record high
Never has data storage been so exciting. Shares of data storage company were up 30% on the day and on track for a new record close in afternoon trading after the company issued a beat-and-raise Q2 ea...
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 ...
NRG dives on Q2 miss, data center deal where investors were “looking for more”
Power producer and energy trader dove Wednesday after adjusted earnings fell short of Wall Street expectations and GAAP results swung to a surprise loss, linked to fluctuating values of derivatives c...
Astera Labs surges after earnings
is surging after issuing strong Q2 results after the close Tuesday. The San Jose maker of chips, boards, and integrated circuits used to build data servers reported: Adjusted earnings per share of $0....
Arista Networks soars after crushing earnings, boosting guidance, and getting Wall Street price target hikes
Cloud networking company and data center supplier is leading all S&P 500 stocks in premarket trading, up double digits after reporting knockout second-quarter results and boosting its full-year forec...
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...
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.
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...
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...
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...
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...
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...
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...
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...
WSJ: Left out, Musk tried to kill OpenAI’s “Stargate UAE” data center deal
On President Trump’s recent whirlwind trip to the Middle East, the UAE was eager to make a deal with US AI companies to build one of the world’s largest data centers. and xAI CEO Elon Musk was along f...
OpenAI’s gigantic Texas data center lands $11.6 billion in funding to expand to eight buildings
OpenAI’s massive data center, currently under construction in Abilene, Texas, just locked in $11.6 billion in new funding, bringing total commitments to $15 billion, according to The Wall Street Journ...