3 Billionaires Are Selling Artificial Intelligence (AI) Stock Nvidia and Buying These 10 AI Stocks Instead

2024-03-21 02:54 AM by Eugen Boglaru

For three decades, investors have been privy to no shortage of next-big-thing investment trends. Although nothing has been as transformative as the advent of the internet, innovations and trends that have included genome decoding, businesses-to-business commerce, 3D printing, blockchain technology, and the metaverse have captivated the attention of professional and everyday investors alike. At the …

1 Artificial Intelligence (AI) Stock You May Want to Keep an Eye on Following Its Latest Pullback

2024-03-17 04:13 AM by Eugen Boglaru

Marvell Technology‘s (NASDAQ: MRVL) red-hot stock market rally came to a grinding halt following the release of the company’s fiscal 2024 fourth-quarter results (for the three months ended Feb. 3, 2024) as its guidance turned out to be significantly below Wall Street’s expectations. Shares of the company, whose chips are deployed in multiple end markets …

The Scariest Nvidia Statistic That Virtually No One Is Talking About

2024-03-14 03:57 AM by Eugen Boglaru

For the past three decades, Wall Street and investors have been on a never-ending quest to locate the next big investment trend. Some of these trends have completely changed the growth trajectory of the U.S. economy, such as the advent of the internet. For the time being, no innovation is captivating the attention of professional …

Broadcom revenue beats estimates as AI powers demand, investors still unimpressed

2024-03-07 04:16 PM by Eugen Boglaru

By Max A. Cherney and Arsheeya Bajwa (Reuters) -Tech conglomerate Broadcom beat market estimates for first-quarter revenue on Thursday, as cloud providers continue to upgrade data centers to support AI, helping drive demand for its advanced networking chips. However, smaller rival Marvell Technology forecast revenue below market expectations, sending its stock down 6% in extended …

DC BLOX Expands Birmingham Data Center to Empower High-Performance Computing

2024-03-07 05:55 AM by Wanda Parisien

New center employs innovative mixed-hall design that streamlines future adaptability BIRMINGHAM, Ala., March 07, 2024–(BUSINESS WIRE)–DC BLOX, a premier provider of secure and reliable data centers and fiber network solutions throughout the Southeast, today announced the completed expansion of its Birmingham, Alabama data center. This expansion entails a new data hall design, tailored to meet …

AMD’s stock continues its march higher as AI cheers build

2024-03-04 01:02 PM by Eugen Boglaru

Published: March 4, 2024 at 3:43 p.m. ET Advanced Micro Devices Inc.’s management projects it will generate upwards of $3.5 billion in revenue this year from graphics processing units for the data center. One Barclays analyst is feeling even more upbeat. Barclays’ Tom O’Malley expects AMD AMD will deliver about $4.5 billion in data-center GPU …

AI Is Taking Water From the Arizona Desert

2024-03-01 04:43 AM by Eugen Boglaru

One scorching day this past September, I made the dangerous decision to try to circumnavigate some data centers. The ones I chose sit between a regional airport and some farm fields in Goodyear, Arizona, half an hour’s drive west of downtown Phoenix. When my Uber pulled up beside the unmarked buildings, the temperature was 97 …

Amazon’s AWS to invest over $5 billion to boost cloud computing in Mexico

2024-02-26 07:00 AM by Wanda Parisien

Amazon’s AWS to invest over billion to boost cloud computing in Mexico

By Valentine Hilaire MEXICO CITY (Reuters) – Amazon Web Services Mexico (AWS), a unit of Amazon.com Inc, announced on Monday it will invest over $5 billion to open a cluster of data centers in Mexico, amid growing demand for cloud services as more firms adopt new technologies. The cluster will be built in the Mexican …

AI forces data centers to use more energy. Software can help

2024-02-25 08:49 AM by Eugen Boglaru

Tech giants are racing to ward off a carbon time bomb caused by the massive data centers they’re building around the world. A technique pioneered by Google is gaining currency as more power-hungry artificial intelligence comes online: Using software to hunt for clean electricity in parts of the world with excess sun and wind on the grid, then ramping …

Supporting China’s push for the next leap ahead

2024-02-18 10:06 PM by Wanda Parisien

Companies worldwide strive to meet the escalating demands of a digitally driven era. This dynamic is particularly prominent in China, where technological advancements and innovation are at the forefront. Premium, high-density data center solutions have become imperative for propelling the country further into a digitally advanced landscape. These robust infrastructure solutions cater to the increasing …