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Meta's AI Cloud Push Triggers Broad Selloff in AI Stocks
technology9 days ago

Meta's AI Cloud Push Triggers Broad Selloff in AI Stocks

Meta Platforms reportedly is exploring an external AI cloud infrastructure business to provide computing power and models to external customers, a move that triggered a broad selloff in AI stocks. Major chip names like NVIDIA (-2%), AMD (-3%), and Intel (-4%) fell, while AI‑infrastructure players Nebius NBIS and CoreWeave CRWV slumped around 12% and 10%. Storage and memory names such as Micron MU (-~7%), SanDisk, Seagate and Western Digital also declined, with chip‑equipment makers like KLAC, LRCX, AMAT and ASML posting losses as investors weighed Meta's cloud ambitions against the AI hardware rally.

via Yahoo Finance|
#ai-cloud#amd#meta-platforms
Meta Signals AI Cloud Push as It Plans to Monetize Idle Compute
business9 days ago

Meta Signals AI Cloud Push as It Plans to Monetize Idle Compute

Meta Platforms is reportedly creating a dedicated AI cloud unit to monetize surplus AI compute, potentially offering customers access to AI models on Meta’s platform—a strategy akin to major cloud providers. The move aligns with past hints from CEO Mark Zuckerberg about selling excess compute, and the news contributed to a roughly 8.8% jump in META shares.

via Yahoo Finance|
#ai-cloud#business#cloud-computing
Rackspace bets on AMD-powered AI cloud, lifting shares
business24 days ago

Rackspace bets on AMD-powered AI cloud, lifting shares

Rackspace Technology finalized a deal to power its AI cloud with AMD hardware, making AMD Instinct GPUs and EPYC CPUs the main components and rolling out 30 megawatts of capacity by 2028 as the company pivots to managed AI cloud services. The move accompanies a 15% global workforce realignment, and comes as Rackspace has surged about 500% in 2026; the news spurred intraday stock gains (though AMD slid on the day) and follows other AI partnerships with Palantir, underscoring the company’s push into AI cloud offerings.

via Barron's|
#ai-cloud#amd#business
SK Telecom, NVIDIA Unveil Gigawatt-Scale AI Cloud for Korea
technology1 month ago

SK Telecom, NVIDIA Unveil Gigawatt-Scale AI Cloud for Korea

SK Telecom and NVIDIA will build a gigawatt-scale AI Cloud in Korea using the DSX platform, with the first AI factory slated for 2027, to provide sovereign, physical and agentic AI services for enterprises and industries, emphasizing low token cost and energy efficiency; the collaboration includes joint research on next-generation AI factory architectures and SKT’s status as an NVIDIA Cloud Partner.

via NVIDIA Newsroom|
#ai-cloud#ai-factory#korea-ai
FAA chief says Compaq-powered ATC is safe but inefficient, modernization underway
technology1 month ago

FAA chief says Compaq-powered ATC is safe but inefficient, modernization underway

FAA Administrator Bryan Bedford says the U.S. air traffic control system is safe but inefficient because 313 facilities run on 1970s/80s tech, including Compaq computers and floppy disks. The FAA plans about $12.5 billion in modernization through 2028 plus roughly $10 billion more to overhaul data architecture, move to cloud, and enable AI-driven real-time situational awareness to boost efficiency and capacity as the summer travel season approaches.

via CBS News|
#ai-cloud#air-traffic-control#compaq
Iren Stock Breaks Out as Nvidia Deal Highlights AI Cloud Push
business2 months ago

Iren Stock Breaks Out as Nvidia Deal Highlights AI Cloud Push

Iren Limited’s stock extended its breakout after Nvidia signed a $3.4 billion cloud-services deal with Iren, with Nvidia set to invest about $2.1 billion via share purchases. Analysts remain bullish despite a Q3 miss, noting the Nvidia pact—alongside Iren’s prior Microsoft AI-cloud engagement—validates Iren’s ability to monetize AI infrastructure and lift its AI Cloud ARR toward $3.7 billion. Price targets from analysts vary (e.g., Compass Point at $105, HC Wainwright at $85) with a street consensus around $72.56, indicating meaningful upside ahead.

via TipRanks|
#ai-cloud#analysts#business
business4 months ago

CoreWeave Posts Record 2025 Revenue Backlog as AI Cloud Expands

CoreWeave reported strong Q4 2025 and full-year results, with revenue of $1.57B in Q4 and $5.13B for 2025, and a net loss of $452M for Q4 and $1.17B for the year due to interest expense and non-GAAP adjustments. Adjusted EBITDA reached $898M in Q4 and $3.09B for the year. Revenue backlog grew to $66.8B, underscoring strong demand visibility as the company expands its AI cloud footprint. CoreWeave added about 260 MW of capacity (now >850 MW) and has ~3.1 GW of contracted power, completed its IPO in March 2025 (Nasdaq: CRWV), and pursued acquisitions (Monolith, Marimo) and partnerships to broaden its platform, including federal offerings.

via CoreWeave|
#acquisitions#ai-cloud#business
IREN's AI and Data Center Growth Sparks Investor Optimism
business6 months ago

IREN's AI and Data Center Growth Sparks Investor Optimism

The article discusses the evolving narrative around IREN, highlighting a slight increase in its fair value estimate and contrasting analyst views—some bullish on its AI cloud potential and others cautious due to execution and financing risks. Major firms have raised price targets based on AI cloud growth and data center expansion, while some remain skeptical about near-term project risks and sector challenges, reflecting a divided outlook on IREN's future.

via Yahoo Finance|
#ai-cloud#analyst-opinions#business