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The Nasdaq kept falling on Monday after Alphabet’s sharp drop bled into other large technology stocks. The S&P 500 was down 0.3%, even though a majority of stocks and sectors in the index were rising. The Dow, which does not include Alphabet, was up 165 points, or 0.3%.
Chevron announced Monday that it will power a huge Microsoft data center in West Texas with natural gas, using gas turbines supplied by GE Vernova and Caterpillar. GE Vernova stock rose near a buy point, and Caterpillar stock jumped. Project Kilby, as it is known, is expected to produce 2.7 gigawatts of electricity.
Chevron will supply natural gas for Project Kilby's 2.7 GW load under a 20-year agreement
📣 “You can’t say, hey, all white-collar jobs are gone and this could even be a weapon and we will use all the power to build data centers... No, how about we think about reorganizing the jobs?" —Microsoft CEO Satya Nadella on his critique of the AI power balance.
The agreement puts the oil giant on track to produce steady cash flows for years, insulating it from the boom-and-bust nature of oil and gas.
(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t
CNBC’s Brian Sullivan walked viewers through a landmark energy agreement that paints the picture for how much electricity the AI buildout actually needs. Chevron has signed a 20-year power purchase agreement with Microsoft to supply natural-gas-fired electricity to a Microsoft data center in far west Texas, about an hour southwest of Odessa. According to Sullivan, ... Microsoft Signs 20-Year Power Deal With Chevron Showing How Far AI’s Energy Needs Have Grown
Alphabet (NASDAQ:GOOGL) stock is down 6% in Monday midday trading, sliding to around $346. The selloff in Alphabet shares is the most prominent move among the hyperscalers today. Caught in the same theme, Amazon (NASDAQ:AMZN) stock is down 4% to around $234. Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) shares are also lower, though by smaller ... Alphabet Sinks 6%, Amazon Slides 4% Amid AI Capex Anxiety Across the Hyperscalers
Artificial intelligence is creating a new kind of infrastructure race. While investors often focus on Nvidia (NASDAQ:NVDA) chips or the latest AI models, the real bottleneck is increasingly becoming physical capacity — power, land, and data centers. The latest global data center report from CBRE shows that demand continues to outpace supply across nearly every ... Nebius Has 40% Upside in 2026 as Global AI Data Center Shortage Worsens
Nvidia, Microsoft, and Meta Platforms are all trading at unusually low forward price-to-earnings ratios.
IREN (NASDAQ:IREN) has transformed from a Bitcoin miner into one of the most aggressively contracted AI cloud platforms on the public market, and the stock has rerated to match. Shares closed at $59.96 on June 18, 2026, up 511.84% over the past year. Our 24/7 Wall St. price target for IREN is $114.86, implying 91.55% ... IREN Stock Set for 92% Surge
A recent appearance by Fiona Fung, who manages the Claude Code and Cowork teams at Anthropic, on Lenny Rachitsky’s Podcast offered a window into how one of the world’s most prominent AI labs approaches software engineering when its engineers are AI-native. Her headline claim is that today, “Coding is no longer the bottleneck.” Fung referenced ... Anthropic Technical Expert: ‘Coding Is No Longer the Bottleneck’ as Engineers Ship 8x More Code Per Quarter
SpaceX's historic IPO has investors buzzing, but the valuation concerns have been covered to death. Here are four under-the-radar reasons I'm staying on the sidelines.
Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center
SpaceX stock fell again on Monday, giving it three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing.
SpaceX stock fell again on Monday, now poised for three straight down days after a massive run up following its IPO earlier this month. SpaceX also confirmed its first ever bond issuance in filing.
Constellation Energy Corporation (NASDAQ:CEG) is a leading energy supplier specializing in reliable, emissions-free energy for businesses, homes, and public sector customers. The company operates one of the largest fleets of nuclear power plants in the US and has signed high-profile power agreements directly with tech giants, including Microsoft. Constellation Energy Corporation (NASDAQ:CEG) ranks among our […]
Microsoft Corporation (NASDAQ:MSFT) ranks as the Best Data Center Stocks That Are Cheaper Than the S&P 500. Although the stock has declined roughly 21% on a year-to-date basis over macroeconomic concerns and massive AI capital expenditure forecasts, the Street expects more than 44% upside over the next 12 months. Recently, on June 15, Reuters reported […]
Chevron (NYSE:CVX) has entered a 20 year agreement to supply natural gas power to a major Microsoft AI data center in West Texas. The project, known as Project Kilby, involves Chevron, Microsoft and energy infrastructure firm Joulent. The deal uses Chevron's resource position in the Permian Basin to provide electricity tailored to AI data center power needs. For readers tracking Chevron, this move extends the company beyond its traditional upstream and downstream oil and gas focus into...
Here’s a way to collect an attractive upfront premium from Adobe now, which immediately lowers your effective entry price while lining up a chance to own this creative software giant at a price well below today's.
In an interview with the Wall Street Journal, Microsoft (MSFT) CEO Satya Nadella warned of the growing concentration in the handful of artificial intelligence companies leading the AI boom. Morning Brief Host Julie Hyman and Semafor business and finance editor Liz Hoffman break down where Nadella's biggest concerns lie. Private developers Anthropic (ANTH.PVT) and OpenAI (OPAI.PVT) are set for mega-IPOs in late 2026, with Microsoft owning 27% of the latter's for-profit arm.
Watch Video Highlights Below, or Click HERE: Tech Edge hosted a fireside chat on June 8 at Pax8 Beyond 2026 in Salt Lake City with Scott Chasin, Chief Executive Officer at Pax8. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed how the total addressable market (TAM) for small and medium businesses (SMBs) […] The post Scales Tip to Small Business from Large Enterprise in IT Spend: Pax8 CEO Scott Chasin, Live from Pax8 Beyond 2026 appeared first on ExecEdge.
Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (
Microsoft Eyes AI Shake-Up as Nadella Questions Industry's Current Path
GE Vernova (NYSE:GEV) and Joulent launch an AI focused energy collaboration to supply multi gigawatt power for Microsoft data centers. Joulent, backed by GE Vernova and Engine No. 1, targets reliable capacity for hyperscale data centers supporting Microsoft’s AI workloads with decarbonisation objectives. GE Vernova reports additional progress across grid modernization contracts, nuclear manufacturing partnerships in Europe and Ontario, and sustainability initiatives. For investors tracking...
Satya Nadella said the industry should focus less on a few giant models and more on cost, choice and trust.
Microsoft (MSFT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
CEO pushes access, lower costs and trust
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