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.
Topic
Latest reporting and analysis tagged with data centers.
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.
CoreWeave stock experienced significant volatility in 2025, dropping 51% from its peak but remaining up 125% since its IPO. The company's revenue backlog reached nearly $56 billion in Q3 2025, with analysts forecasting over $12 billion in 2026 revenue. CoreWeave operates 41 AI data centers and plans to expand capacity by at least 1 GW.
LightHouse Data Centers, led by former AWS executives, partners with Wharton Digital to launch a hyperscale data center platform in North America, aiming to deliver over 2 GW of capacity for AI and cloud demand.
Elevate Renewables has acquired the 150-MW/600-MWh Prospect Power battery storage project in Virginia, set to begin operations this summer to support grid reliability and meet rising data center power demand.
Microsoft has launched a 'Community-First AI Infrastructure' initiative with five commitments for communities hosting its data centers, addressing local concerns over power, water, jobs, taxes, and education.
Microsoft announces a 'community-first' approach to AI infrastructure, promising to cover electricity costs, create jobs, and minimize water usage as data centers face widespread opposition.
Caterpillar's order backlog increased by nearly $10 billion this year, driven by demand for generators from data center operators. The company's energy and transportation segment is now its primary revenue driver.
A report reveals 93% of AI investors plan to maintain or increase investments in 2026, with companies like Emcor seeing growth from data center demand.
SanDisk stock has surged over 60% in early 2026 after a report indicated potential doubling of 3D NAND prices for enterprise SSDs, with strong Q1 2026 results showing 21% revenue growth and 878% operating income increase.