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CoreWeave expands into Indonesia, announces first data center in Asia-Pacific
Reuters16d agoneutral
CoreWeave expands into Indonesia, announces first data center in Asia-Pacific

AI cloud computing company CoreWeave said on Tuesday it is expanding into Indonesia and adding three ‌new facilities in the country, marking the firm's first ‌data-center presence in the Asia Pacific region. CoreWeave has benefited from a surge in demand ​for AI cloud infrastructure globally, as tech companies rush to secure the hardware and cloud capacity needed to develop and run AI systems. The company has been investing heavily in its data-center footprint ‌to cater to the ⁠demand.

BofA’s $1.18T cloud forecast puts 3 chip stocks in focus
TheStreet16d agoneutral
BofA’s $1.18T cloud forecast puts 3 chip stocks in focus

Applied Materials (AMAT), Lam Research (LRCX), and KLA (KLAC) sell machines used to manufacture and inspect processors and memory chips. Cloud providers purchase finished processors and memory for artificial intelligence data centers. Chip manufacturers may need more factory equipment when server ...

3 Cash-Heavy Stocks We Keep Off Our Radar
StockStory16d agoneutral
3 Cash-Heavy Stocks We Keep Off Our Radar

Companies with more cash than debt can be financially resilient, but that doesn’t mean they’re all strong investments. Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers.

Investing.com16d agoneutral
Anthropic secures compute power in multi-billion dollar Norway data center deal

Investing.com -- A massive new infrastructure agreement is set to bring substantial AI computing capacity to a newly announced data center in Norway, utilizing a multi-tiered arrangement spanning real estate, hardware, and cloud services. The deal bridges cloud infrastructure startup Volta with data center operator Bitdeer. Following the announcement of the agreement, shares of Bitdeer jumped 14%. While the end-user was kept officially confidential in corporate announcements, Bloomberg reports t

SpaceX Stock Gains in Early Trading
Barrons.com16d agoneutral
SpaceX Stock Gains in Early Trading

SpaceX stock rose 1.5% in early trading ahead of the company's inaugural quarterly earnings report. If shares can close higher, it will be the first back-to-back gain for the stock since late June. SpaceX shares have been battered in recent weeks, with investors focusing less on the potential of AI data centers in space and more on valuation and on millions of shares held by early investors that will soon become available to trade.

2 Large-Cap Stocks to Target This Week and 1 We Avoid
StockStory16d agoneutral
2 Large-Cap Stocks to Target This Week and 1 We Avoid

Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors. However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.

One Stock Is Adding Over 500 Points to Dow Futures
Barrons.com16d agoneutral
One Stock Is Adding Over 500 Points to Dow Futures

The Dow is on track to open at a fresh record high for the second day in a row after Caterpillar crushed earnings. Dow futures were up 1.2%, or 622 points. Caterpillar stock gained more than 11% in premarket trading, adding over 564 points to the blue chip index.