Fiber-optic cable maker Corning beat estimates, but investors still have the DeepSeek scaries
Corning Inc. beat Wall Street estimates for its final quarter of 2024, in large part because of higher demand for its fiber-optic cables used to build data centers. The company is a vital node in the ...
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How much Big Tech companies — Google, Microsoft, Amazon, Meta — are spending on capex this year
Earlier this month, Microsoft announced it would be spending $80 billion this year “to build out AI-enabled datacenters to train AI models and deploy AI and cloud-based applications around the world.”...
Traders still like AI, but maybe not data centers
The stock market put together a respectable recovery from the panic of Monday’s DeepSeek dive, especially market behemoth ’s recovery of a solid $125 billion or so in market value to retake the $3 tri...
Data center trade is sent careening off the rails by DeepSeek
Man, things move fast. Just a few days ago we were saying how the AI data center trade was clearly emerging as perhaps the single biggest winner in the early going of 2025. Yeah, so about that. It see...
Nice: Meta's capex this year will be bigger than the market caps of 69% of the S&P 500
CEO Mark Zuckerberg said the company is planning to build a truly massive data center to furnish its AI ambitions — and it’s going to cost a pretty penny. He estimates that the social media company’s ...
Zuckerberg: Meta building city-sized AI data center, going on $65 billion spending spree
The future of AI will be measured in gigawatts, GPUs, and the square mileage of your data centers. Today CEO Mark Zuckerberg announced that the company will be going big on capital expenditures this ...
AI data centers are devouring our energy and propping up fossil fuels
The rush to build ever-larger, power-hungry data centers is a drag on America’s progress toward clean energy. And there’s no sign of things slowing down. Earlier this month, announced it will be inves...
White House executive order offers up federal sites for AI data centers
With only days left in his administration, President Biden issued another AI executive order as part of his effort to make development of the technology a national priority. The new order directs the ...
A crypto miner turned AI data-center company is spiking after a bank invested billions
Australian bank Macquarie is investing up to $5 billion in the future projects of data-center developer , as well as its existing data-center campus in North Dakota. Shares of the Dallas-based company...
Amazon investing $11 billion on AI data centers in Georgia
massive capital expenditures on AI infrastructure have been very good for Georgia, which has been a focus of Amazon’s AI data-center plans. Since 2010, Amazon has invested $18.5 billion in the state. ...
The nuclear-powered AI data-center trade roars into a new year
It’s early going, but so far the trade of the year is clearly another big bet on an ongoing boom in an AI-related investment. Just check out the top gainers of the S&P 500 in the first two days of 202...
Jabil spotlights data centers as source of strength
Shares of electronics supplier — which have languished through most of the year — were the S&P 500’s best performer on an otherwise pretty awful Wednesday, after the company beat earnings expectation...
A record number of data centers are in the works for next year
In 2025, more data centers will be under construction in the US than ever before, according to a new forecast from real-estate services firm . The firm is expecting 4,750 data centers will be in the p...
America’s AI boom in one chart
One way to illustrate the AI boom in the US is to look at the number of data centers we have. There were 5,381 US data centers as of March of this year, according to new data from Apollo’s 2025 Econom...
Bees thwart Meta’s plans for nuclear-powered AI data centers
Mark Zuckerberg told staffers last week that bees are keeping from being the first Big Tech company to build nuclear-powered AI data centers, the Financial Times reports . The Meta chief said rare be...
A glass company rises on demand for fiber-optic cables and data-center boom
Shares of climbed as much as 8% during intraday trading on Tuesday, turning the stock into one of the biggest gainers among S&P 500 stocks. The stock is up more than 64% since the beginning of the ye...
North America added a whole Silicon Valley’s worth of data center inventory this year. It’s not enough.
North America’s eight primary data center markets added 515 megawatts (MW) of new supply in the first half of 2024 — the equivalent of Silicon Valley’s entire existing inventory — according to a new ...
Why Amazon is spending more on data centers than on e-commerce warehouses
Amazon, the company known quickly shipping goods to consumers from its online marketplace, is now spending more money on data centers than e-commerce warehouses, according to The Wall Street Journal ....
What AI means for data centers and energy consumption
Bloomberg just published a cool interactive piece about AI’s effect on global power systems. In short, AI is driving up the need for data centers and, in turn, energy to power them, generally wreaking...
After more than a decade of recovery, construction is rocketing to new highs
The twin tech-driven investment booms of the moment — data centers for AI and chip fabrication plants — are helping contribute to the most consistently strong job market for construction workers since...