Data Center

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw its shares drop nearly 8% in Wednesday’s pre-market trading following a less-than-stellar growth forecast for its data center revenue. The company announced its results after the market close on Feb.4. What Happened: The company’s data...

Intel Corp. (NASDAQ:INTC) is taking a more combative stance in the data center market, signaling an aggressive pricing strategy to defend its territory against mounting competition from rivals like Advanced Micro Devices Inc. (NASDAQ:AMD) and NVIDIA Corp. (NASDAQ:NVDA). What Happened: “We...

Cipher Mining Inc (NASDAQ:CIFR) shares are surging in Thursday’s after-hours session after the company announced a $50 million PIPE investment from SoftBank. What Happened: Bitcoin (CRYPTO: BTC) miner Cipher Mining has received a $50 million investment from SoftBank to support the company...

President-elect Donald Trump announced on Tuesday that the Emirati real estate development firm DAMAC Properties will invest $20 billion to construct data centers in the U.S. to meet the growing needs of hyperscale customers. The race for dominance in artificial intelligence hit an inflection point...

Renowned short-seller Jim Chanos is warning of potential overbuilding in the data center sector, drawing parallels to the 2000 fiber optic bubble, even as tech giants Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) Google announce massive...

Bernard Looney, former CEO of oil and gas giant BP plc, said on Sunday he will join AI data center start-up, Prometheus Hyperscale, as the chairman of the board of directors.  The Details: Looney resigned from his position at BP last year after an investigation revealed he had not properly...

Editor’s note: This story has been updated with additional information. NVIDIA Corporation (NASDAQ:NVDA) continued its streak of beating expectations with third-quarter revenue and earnings per share coming in ahead of Street estimates Wednesday Nvidia's Key Q3 Numbers: Nvidia reported...

Samsung Electronics (OTC:SSNLF), South Korea's largest company, reported a net income of 9.78 trillion won ($7.1 billion) for the September quarter, with its chip division earning 3.86 trillion won ($2.8 billion) in operating profit. Artificial intelligence and data center server demand remained...

Advanced Micro Devices Inc (NASDAQ:AMD) analysts make a case for the company to gain market share in several sectors as it works to compete against NVIDIA Corp (NASDAQ:NVDA) and grow its AI business, as evidenced in third-quarter results. The AMD Analysts: KeyBanc analyst John Vinh reiterated an...

Crusoe Energy, a data center startup, has secured a $500 million equity investment led by Peter Thiel‘s Founders Fund to expand its artificial intelligence infrastructure. What Happened: The investment round values Crusoe at approximately $3 billion, more than double its valuation two years...

ChatGPT maker OpenAI has pitched President Joe Biden‘s administration for the expansion of data centers that consume the equivalent amount of energy to power three million households. What Happened: Following OpenAI CEO Sam Altman and other tech leaders’ meeting with The White House...

Google, a subsidiary of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), announced on Thursday its plans to open a second data center in Latin America, specifically in Canelones, Uruguay. What Happened: The company will invest more than $850 million in this new facility. Google first entered the Latin...

NVIDIA Corp. (NASDAQ:NVDA) has announced significant revenue projections for its sovereign artificial intelligence segment in 2025, driven by global demand for nation-specific AI infrastructure. What Happened: During the second-quarter earnings call, Colette Kress, Nvidia’s Chief Financial...

NVIDIA Corp. (NASDAQ:NVDA) is gearing up to seize a $1 trillion opportunity as data centers transition to accelerated computing and generative artificial intelligence. What Happened: During the second quarter earnings call, CEO Jensen Huang outlined the company’s strategy to lead this...

Despite global market turbulence and growing fears of a U.S. economic slowdown, major tech companies are ramping up their investments in data centers to support the booming artificial intelligence (AI) sector. Tech Giants Double Down On AI Infrastructure Microsoft Corp. (NASDAQ:MSFT), Meta...