All articles tagged with #ai data center
Micron Technology’s shares rose about 5.5% after Intel warned that memory-production constraints could worsen next year, underpinning Micron’s pricing power amid AI-driven data-center demand. The memory-maker posted strong recent results (June 2026 revenue around $41.5B with very high gross margins) and guided near $50B in revenue for the current quarter, though investors question whether expectations match the top-line strength.
GoPro is merging with optical-photonics company Starman Optical in a $285 million recapitalization that will give Starman a 90% stake and pay GoPro shareholders about $1.14 per share in cash, while GoPro retains roughly 10% of the combined entity; about $92 million of GoPro’s debt will be repaid at closing. The merged company will remain publicly listed and targets expansion into AI data-center infrastructure, government, defense and aerospace applications using Starman’s U.S.-made optical transceivers. GoPro shares jumped roughly 47% on the news.
Micron’s 16 Strategic Customer Agreements through 2030 lock in roughly $100B of minimum revenue with floor margins, backed by about $22B in deposits, signaling a contract-backed shift in the memory cycle; the June quarter posted $41.46B revenue, 84.6% gross margin, and $18.3B free cash flow, with guidance for $50B Q4 revenue and $31 EPS, while the stock trades near 6x forward earnings with about $24B in net cash. The bull thesis rests on sustained AI data-center demand keeping memory demand tight beyond 2027, justifying ongoing buying of MU, though risks include customer concentration in HBM4 and a large capex cycle.
Super Micro Computer (SMCI) stock jumped in early trading after Q4 EPS of $1.70 on revenue of $11.1B (EPS beat, revenue miss) and a Q1 net-sales guide of $14.5–$15.5B, well above a $11.9B estimate; gross margins rose to 17.6% from 9.6% YoY. CEO Charles Liang touted the Total AI/IT Solutions strategy and a plan to co-build a gigawatt-scale data center for SpaceX and xAI within a year. Despite the optimism, SMCI has lagged AI-infrastructure peers over the past year and is pursuing up to $7B in equity-linked financing amid regulatory scrutiny, including a DOJ-indicted co-founder for export-control violations.
Qualcomm says Apple’s move to in‑house iPhone modems will accelerate a decline in its handset revenue, starting in fiscal Q4, after Apple’s modem share fell below earlier estimates. Apple has rolled out its own modem across recent iPhones, reducing Qualcomm’s exposure. Qualcomm expects non‑handset growth—especially AI data centers and automotive chips—to offset this, aiming for $5B in AI data center revenue by 2027 and $15B by 2029, while also raising prices from Sept. 1 to cover higher manufacturing costs. In Q3, handset revenue was $5.09B, down 20% YoY, with Q4 earnings forecast below expectations.
Marvell Technology named Adobe executive Dan Durn as chief financial officer, effective June 15, succeeding Willem Meintjes who will stay on in an advisory role through 2027; Durn brings semiconductor-finance experience from Applied Materials, NXP Semiconductors, Freescale and GlobalFoundries, and the move aims to capitalize on surging AI data-center demand, with Marvell's revenue outlook for 2028-2029 raised; shares slid about 2% in extended trading.
Celebrity investor Kevin O’Leary says he will shrink his planned 40,000-acre Utah AI data center project after political backlash.
Marvell Technology stock surged in after-hours trading after Nvidia CEO Jensen Huang called Marvell the “next trillion-dollar company” at Computex, building on Nvidia’s $2 billion investment in the company. Marvell’s data-center business accounts for about 76% of revenue, positioning it at the center of AI infrastructure. With a roughly $192 billion market cap, MRVL would need substantial gains (about 420%) to reach $1 trillion, and while the endorsement signals momentum, some traders question whether the rally is fully justified by fundamentals.
NVIDIA introduced Vera, its first standalone data-center CPU, claiming it runs AI workloads 1.8 times faster than x86 chips; production starts in Q3 as Nvidia expands beyond GPUs into the AI infrastructure stack. Vera will compete with Intel Xeon, AMD Epyc and AWS Graviton, and Nvidia also expanded its DSX software for energy efficiency; Dell will offer DGX Station on Windows later this year, with Anthropic, OpenAI and SpaceX named among Vera’s first major users.
Siemens, together with NVIDIA, Fluence and nVent, unveiled a UL-aligned reference architecture for NVIDIA’s DSX Vera Rubin AI factory, translating its vision into an industrialized electrical, power and controls design for hyperscalers, colocation providers and specialized cloud infra. The NVL72 design emphasizes rapid, phased deployment with scalable capacity (up to hundreds of MW), Tier III concurrent maintainability, and centralized data-center management, while Fluence provides energy storage for resilience. Siemens’ pre-engineered, prefab power blocks reduce on-site complexity and accelerate commissioning, with future additions planned for advanced thermal management.
Box Elder County approved a 40,000‑acre Stratos AI data‑center campus near the shrinking Great Salt Lake to power a 9‑GW facility with a natural‑gas plant, a project backed by Kevin O’Leary that officials say could create roughly 10,000 construction jobs and 2,000 permanent positions. Critics warn the plan could harm the local ecosystem and water resources, calling for independent studies, more information, and a referendum to overturn the decision; a referendum petition is being reviewed, and the first gigawatt could be online within two years as early work is expected to begin this fall.
KeyBanc upgrades Intel and AMD to Overweight amid AI/data-center-driven demand that has left 2026 server CPUs largely sold out, with Intel's 18A process yielding over 60% and rising foundry momentum, and major customer wins aiding higher price targets.
Marvell is acquiring XConn Technologies to expand its AI data center connectivity solutions, adding advanced PCIe and CXL switching silicon, and strengthening its UALink scale-up switch team to support next-generation AI workloads and data center infrastructure.
Meta has secured a record $27 billion in financing from Blue Owl to develop a large-scale AI data center, marking a significant investment in AI infrastructure.
Google's plan to build a ₹87,000 crore AI data center in Visakhapatnam has sparked controversy, with the government claiming it will create nearly 1.87 lakh jobs, while critics question the credibility of these claims and call for official confirmation. The project is seen as a potential economic boost for Andhra Pradesh, but transparency about actual employment and revenue benefits remains a concern.