data centers

Sustainable Metal Cloud has developed technology to cut energy consumption in artificial intelligence data centers by up to 50%. What Happened: The Singapore-based company utilizes HyperCubes, which house servers with NVIDIA Corp. (NASDAQ:NVDA) processors submerged in polyalphaolefin oil. This...

Advanced Micro Devices Inc. (NASDAQ:AMD) appears set to give Intel Corp (NASDAQ:INTC) a serious run for its money. That’s according to a fresh update from JPMorgan analyst Harlan Sur who believes AMD can grow data center GPU revenue to more than $5 billion in its current fiscal year. The...

South Korea’s SK Hynix has reported its highest quarterly profit since 2018, attributing the surge to the increasing demand for artificial intelligence chips. What Happened: SK Hynix, a major supplier to NVIDIA Corp. (NASDAQ:NVDA), announced a second-quarter operating profit of 5.47 trillion...

Vietnam has opened up its data center market to foreign investors, allowing 100% ownership, following the implementation of controversial data storage regulations. This development is expected to attract major industry players like Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services and...

Big tech companies are considering a significant shift in their energy sources to fuel the AI boom, with a potential move towards nuclear power. This move, while beneficial for the companies, has raised concerns about its impact on the grid and the environment. What Happened: Tech giants such as...

Microsoft co-founder Bill Gates defended the substantial increase in energy consumption due to artificial intelligence systems, asserting that the technology would ultimately offset its high electricity usage. What Happened: Gates, speaking at the Breakthrough Energy Summit in London, urged...

Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Sundar Pichai has announced a $2.3 billion investment in Ohio’s data centers, further solidifying the state’s position as a burgeoning tech hub. What Happened: Pichai took to his X account to reveal the investment, which is aimed at...

Goodman Group, an Australian industrial property firm, is gaining favor with investors as it shifts its focus to AI data centers. This move has led to a significant surge in its stock price, with Citi predicting a double-digit growth in earnings. What Happened: Goodman Group is converting its...

Utilities rarely steal the spotlight in market headlines, often overshadowed by the exponential growth of tech giants and the emergence of artificial intelligence leaders. Despite the lack of attention, the utilities sector, represented by the Utilities Select Sector SPDR Fund (NYSE:XLU), has...

Apple Inc. (NASDAQ:AAPL) is reportedly working on its own artificial intelligence chips for data centers, a move that could potentially disrupt the market. However, the project’s future is still uncertain. What Happened: The project, codenamed ACDC, is an extension of Apple’s...

Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. In a recently published study, equity analyst Carly Davenport has listed a basket of stocks...

Key Takeaways: GDS’ revenue grew 6.4% in the third quarter, slowing from 7% in the second quarter and 15% in the third quarter of 2022 The company is investing heavily in Southeast Asia to jumpstart growth as its home China market cools amid a broader economic slowdown By Warren Yang For...

Tesla Inc (NASDAQ: TSLA) may soon have another business segment in addition to the electric vehicle space, which it currently dominates. What Happened: The company, also known for its operations in solar, energy storage and charging infrastructure, may expand operations into data centers — a...

Famed short seller Jim Chanos has a new industry he’s targeting with bets against a high growth area. Here’s why, despite the growing industry, Chanos sees pain for the market leaders. What Happened: Chanos is getting ready to place a big bet against data centers, according to a report...

Several NVIDIA Corporation (NASDAQ: NVDA) reacted to the chipmaker's first-quarter report with lower price targets. Here's what they had to say. The NVIDIA Analysts: BMO analyst Ambrish Srivastava has an Outperform rating and lowered the price target from $375 to $300. Wells Fargo...