Tag: AI infrastructure

Marvell Signs Google Chip Deal With $12.2 Billion Stock Option

Marvell shares surge after striking a custom chip deal with Google that includes an option to buy about $12.2 billion in stock, as Broadcom shares fall.

Nvidia Cuts OpenAI Ohio Data Center Guarantee to $120 Billion

Nvidia has reduced its financing guarantee for OpenAI's Ohio data center to $120 billion, roughly halving a previously reported $250 billion pledge.

Hyperscaler Debt Rush Lifts Bond Yields as Investor Demand Cools

Heavy borrowing by cloud and data-center giants to fund AI infrastructure is pushing corporate bond yields higher as investor demand cools.

Bitdeer Stock Wavers After Q2 Earnings and Revenue Miss Estimates

Bitdeer Technologies shares swung after reporting second-quarter earnings and revenue that missed Wall Street estimates, as investors weighed its AI pivot.

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

Lumentum Jumps 15% on Blowout Earnings, Lifting Coherent and Corning

Lumentum shares surged about 15% on blowout earnings, lifting Coherent, Corning and other AI infrastructure names as optical demand accelerates.

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Caterpillar Shares Surge on Record Revenue Driven by Data Center Demand

Caterpillar shares jumped after reporting record $20.5 billion in quarterly revenue, driven by strong demand from data center and energy infrastructure bui

Caterpillar Shares Fall on Downgrade as Data Center Buildout Doubts Mount

Caterpillar shares dropped after a downgrade raised concerns its data-center-driven rally has outpaced fundamentals, with investor Michael Burry betting ag

SanDisk’s $42 Billion Backlog Fuels Rally as Memory Stock Valuations Draw Scrutiny

SanDisk shares climbed on a reported $42 billion backlog as investors questioned whether memory stock valuations have outpaced fundamentals amid the AI boo

Nvidia in Talks to Guarantee $250 Billion Financing for OpenAI Ohio Data Center

Nvidia is reportedly in talks to guarantee up to $250 billion in financing for OpenAI's Ohio data center project, deepening ties between the two AI leaders

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