Concerns of AI disruption for software firms is had had investors yanking money from private credit funds, including Blackstone’s BCRED.
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GE Vernova stock jumped nearly 14% Wednesday following the earnings report, widening the past year’s gains to 246%.
By 2030, as much as one-third of data centers will be powered entirely by on-site and off-grid power generation, according to Bloom Energy.
The company said this year that it is on track to double its data center-related orders to $3 billion in the three years through 2027.
Like phones and laptops, artificial intelligence data centers have to be kept below a certain temperature to keep running.
Filings this week also revealed that the value of Oracle’s roughly 15% stake in the new US edition of TikTok sits at about $2.2 billion.
As the rest of Big Tech embark on one of the greatest capex ventures in human history, Apple is practically spending pennies by comparison.
The good times may not last as the dynamic between AI firms and utility companies draws bipartisan scrutiny.
The bank assigned overweight ratings to Cipher Mining and TeraWulf and a more cautious underweight rating to Marathon Digital.
The Chinese government has discouraged companies and government-funded data centers from buying Nvidia’s chips.
Wall Street’s smart money is starting to take out some short positions on the AI trade, albeit mostly around the industry’s fringes.
The system Nvidia wants to patent would spread out and balancing GPUs’ capacity to help avoid problems as demand ramps up in AI data centers.
Qualcomm, known for smartphone semiconductors, announced a pair of AI accelerator chips set to hit the market in 2026 and 2027.
Bloom Energy teams with Brookfield Asset Management to help cover a 75-gigawatt shortfall in US electrical power due to the AI boom.