AI Infrastructure Demand Drives Growth for AMD and Hut 8
McKinsey projects data center spending could reach $7 trillion by 2030. AMD expects 35% annual revenue growth, while Hut 8 signed a multibillion-dollar deal with Anthropic.
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Latest reporting and analysis tagged with Artificial Intelligence.
McKinsey projects data center spending could reach $7 trillion by 2030. AMD expects 35% annual revenue growth, while Hut 8 signed a multibillion-dollar deal with Anthropic.
Stride Inc. (LRN) receives positive analyst ratings with a median price target of $106.75, offering 55% upside. Morgan Stanley's Greg Parrish lowered his target but still sees over 35% potential.
Meta Platforms has signed nuclear energy agreements with Vistra, TerraPower, and Oklo to secure clean power for its Prometheus AI supercluster, with BofA Securities maintaining a Buy rating.
Alphabet's market value exceeded $4 trillion on Tuesday, driven by rapid improvements in its Gemini AI model and custom TPU chips, reversing earlier investor skepticism.
RBC Capital Markets and Bank of America Securities analysts have updated their outlooks on Coursera Inc., citing AI-driven growth potential and the company's global platform.
GE Vernova CEO Scott Strazik has held multiple meetings with OpenAI's Sam Altman to discuss infrastructure deals for AI's power needs. The company reported $900M in hyperscaler orders for 2025's first three quarters, but its stock dipped after Q3 results.
Robinhood CEO Vlad Tenev argues AI will drive a 'Cambrian explosion' of new jobs and innovation, enabling individuals to operate with less institutional support, despite workforce concerns.
TSMC posted a 35% jump in Q4 profit to record levels, beating forecasts, driven by AI chip demand. The company also detailed its U.S. investment plans.
Intel shares closed up 3.02% on Wednesday, with trading volume 60% above average. The company's server CPU capacity for 2026 is nearly sold out, amid AI demand and broader market movements.