Finance News – Data Center
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Bitcoin Miner IREN Hits 50 EH/s Midyear Hashrate Target, Eyes AI Expansion
IREN's achievement of reaching 50 EH/s in hashing power marks a major milestone, enhancing its position in digital currency mining while supporting future growth through planned AI...
Read Full Article →Micron Reports Record Revenue as Data Center Sales Surge on AI Demand
Micron experienced substantial growth in its financial results, driven largely by increased purchases from data centers responding to the rising need for advanced artificial intell...
Read Full Article →Our data center buildout stocks are hot — plus, 1 name to own despite China questions
Investors are showing increased interest in companies expanding data center infrastructure, highlighting a key opportunity in the technology sector while carefully considering risk...
Read Full Article →Elon Musk’s AI firm xAI faces lawsuit over data center air pollution
The lawsuit targeting xAI’s data center operations could lead to increased compliance costs and potential operational disruptions, affecting the company’s financial stability amid...
Read Full Article →CoreWeave Stock Soars on $7B Data Center Deal With Applied Digital
CoreWeave’s financial value has greatly increased this year due to a substantial agreement that expands its high-performance computing capabilities, reflecting growing demand in th...
Read Full Article →Meta's energy deal boosts the data center trade, sending our newest stock to another record high
Meta's recent agreement in the energy sector positively impacted the data center industry, contributing to a significant increase in the value of one of our latest stock additions.
Read Full Article →AI's Power Consumption Will Dwarf Bitcoin by Year's End, Says Study
By the end of 2025, AI's energy demands are expected to account for a substantial portion of data center electricity usage, potentially impacting operational costs and investment s...
Read Full Article →3 key takeaways from Nvidia's earnings: China blow, cloud strength and AI future
Nvidia's growing demand for GPUs in data centers highlights its expanding role in supporting AI advancements, significantly impacting its revenue and positioning in the global tech...
Read Full Article →Nvidia beats on earnings and revenue as data center sales jump 73%
Nvidia's strong financial results were driven by a substantial increase in data center demand, contributing significantly to its overall revenue growth during the recent quarter.
Read Full Article →Nvidia beats Wall Street expectations even as Trump tamps down China sales
Nvidia’s quarterly revenue surged 69% year-over-year to $44.1 billion, surpassing analyst forecasts and highlighting strong growth in its data center segment despite geopolitical c...
Read Full Article →The AI industrial trade has found its stride again. Why this Club stock is running ahead of the pack
GE Vernova's recent stock increase reflects renewed investor confidence in its role within the AI data center sector, highlighting its stronger market performance compared to simil...
Read Full Article →Tech giants Nvidia, OpenAI and others join forces for massive UAE Stargate AI data center
The collaboration between leading technology companies to establish a large-scale AI data center in the UAE is expected to generate substantial economic growth and attract signific...
Read Full Article →A guide to the Nvidia products driving the AI boom and beyond — from data center GPUs to automotive...
Nvidia's diverse technology portfolio, including high-performance processors for various industries, significantly contributes to its revenue growth and positions the company as a...
Read Full Article →Nvidia, Cisco, Oracle and OpenAI are backing the UAE Stargate data center project
Major technology companies like Nvidia, Cisco, Oracle, and OpenAI are investing in a significant data center initiative in the UAE, reflecting growing international interest and po...
Read Full Article →Nvidia-backed CoreWeave's big AI spending spooks investors — and the stock tanks 13%
CoreWeave’s increased investment in artificial intelligence infrastructure led to investor apprehension, resulting in a notable decline in the company’s stock price after its initi...
Read Full Article →Industrial name with AI ties makes a key move to boost its growing data center business
The acquisition is expected to enhance Dover’s presence in the expanding data center market, leveraging a division that has consistently achieved strong organic growth in recent ye...
Read Full Article →Data center boom in world's largest market is not slowing down, Dominion Energy says
Dominion Energy's CFO reported that the company's data center capacity, totaling 40 gigawatts, is progressing through various contracting stages, indicating sustained growth in thi...
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