Articles by Dennis Singleton
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GE Vernova (GEV) is booking turbines years out. Data centers are buying Bloom Energy (BE) fuel cells instead.
Heavy-duty gas turbines are booked years out, so AI data centers are paying for onsite power instead. What GE Vernova, Bloom Energy, Power Solutions International, NRG and EQT each sell into that gap.
A thermal drone found 45 gas generators running at the Nebius (NBIS) data center in New Jersey. The state says it issued no permits.
Floodlight's thermal drone footage shows at least 45 of 62 gas generators operating at DataOne in Vineland, the site supplying Microsoft under Nebius' $17 billion deal. NJDEP says it has issued no permits and none are under review.
Meta (META) is testing robots to swap cables and reset servers. One could take 80% of some workloads, a worker says.
Wired reported Meta is testing robots from Kinova, ABB, and Watney Robotics to swap cables, power cycle servers, and reseat parts at its Iowa and Ohio data centers. One worker estimates a cable bot could replace up to 80% of some workloads. Meta says it needs more workers, not fewer.
IREN signed a frontier AI lab and is paying 9% to finance the GPUs. Microsoft deployment debt costs 6%.
IREN (IREN) reported fiscal 2026 results and a new multi-year contract with an unnamed leading frontier AI lab. The same release prices its GPU debt by customer: 9.0% on $2.4 billion for non investment grade deployments, 6.0% on the $3.6 billion behind Microsoft.
Meta (META) is asking TikTok and YouTube to copy its teen limits. Saying yes costs Meta another $5.3 billion.
Meta ran full-page ads in three national papers urging TikTok and YouTube to adopt the teen limits from its settlement. If the rivals comply, Meta pays the states another $5.3 billion, and New York's payout nearly doubles.
China's top DRAM maker ChangXin (CXMT) lost money a year ago. It just earned $10.8 billion in six months
China's largest DRAM maker reported 150.31 billion yuan ($22.4 billion) in first-half revenue, up 873.6%, with profit 36% above its own IPO forecast.
Washington is reportedly drafting a rule to stop Chinese AI firms from renting Nvidia (NVDA) chips overseas
The Commerce Department is preparing a rule that would stop Chinese AI companies from remotely using advanced U.S. chips housed in data centers in Thailand, Singapore, and other countries, The Information reported Friday. A draft could go to AI companies in September.
Citadel Securities made a record $7.3 billion last quarter. Jane Street lost $15 billion in July.
Bloomberg reports the market maker more than tripled its second-quarter trading revenue to $7.3 billion, with net income up more than 250%. Jane Street still crossed $40 billion for the year despite a $15 billion July loss tied to Situational Awareness.
Marvell (MRVL) now sees $18 billion in revenue by fiscal 2028, and that already includes the Google deal
Marvell reported record second-quarter revenue of $2.739 billion, up 37%, and CEO Matt Murphy raised the outlook on the call to about $12 billion for fiscal 2027 and $18 billion for fiscal 2028. Revenue tied to the Google warrant deal is already in those numbers.
Trump praised Micron (MU) again. The stock rose for two minutes (August 27, 2026)
Trump's third Micron post since July landed at 2:31 p.m. Thursday. The stock rose for two minutes, gave it back, and stayed about 2% lower. The first two posts were followed by drops of 10.6% and 4.3%.
Sivers Semiconductors (SIVEF) posted a negative gross margin and never explained it
Sivers Semiconductors booked Q2 net sales of SEK 53.8 million against SEK 73.4 million of cost of goods sold, and the report never discusses the gap. Its two pipeline disclosures imply different starting points. The US line fell about 14% while Stockholm closed before the report landed.
SK Hynix (SKHY) breaks ground on $4 billion Indiana HBM plant as production slips to 2029
SK Hynix broke ground Thursday on its first US plant, an advanced packaging site for AI memory in West Lafayette, Indiana. The company now targets mass production in the second half of 2029. Its CHIPS Act award said 2028.
Meta (META) could spend $10 billion a year on Anthropic even after restricting its own engineers from using its tools
Meta is one of Anthropic's largest customers and is spending hundreds of millions a month on its tools, the New York Times reported, two months after Meta limited engineers from using Claude Code.
Wolfe Research named Alphabet (GOOGL) a top 2027 pick and sees cloud platform revenue up 125%
Wolfe Research named Alphabet (GOOGL) a top pick for 2027, kept its $460 price target and raised its 2027 estimates. Its third-quarter cloud platform number runs far above the Street.
Dataminr landed a government contract with the Air Force. Is an IPO next?
Dataminr won an Air Force contract worth up to $317.8 million for AI alerting built on public data. The intelligence firm is still private, with no IPO on file. Here is where things stand.
Kioxia plans a $6.3 billion new memory plant in Japan, Nikkei reports
Nikkei says Kioxia plans to invest about $6.3 billion in a new memory plant in Japan for AI data-center demand. There is no US Kioxia ticker; Sandisk (SNDK), Western Digital and Micron are the proxies.
Anthropic is reportedly leasing an Nscale data center in West Virginia for $45 billion
Financial news wires report Anthropic will lease an Nscale data center in West Virginia for $45 billion, taking 460 megawatts, as Nscale is expected to spend about $71 billion to develop the site. Here is what is confirmed and who benefits.
Meta (META) settled the states' teen-safety case for up to $18 billion. A $10 billion charge hits Q3.
Meta settled the states' teen-safety lawsuit mid-trial for up to $18 billion over 10 years, about $12.7 billion to states plus $5.3 billion contingent on TikTok and YouTube adopting the same limits. It will record a $10 billion legal charge in Q3 and left its July guidance unchanged.
Sivers Semiconductors (SIVEF) reports Q2 Thursday. The market is watching photonics, not the numbers.
Sivers reports Q2 2026 after the Stockholm close on August 27. For a company at this stage, the market is underwriting the photonics business and whether co-developments with GlobalFoundries and Jabil turn into volume, not the quarter's loss, which carries a SEK 42.9 million non-cash charge. A July raise near SEK 700 million cleared the near-term funding overhang.
China's Moonshot wants up to 30% of the revenue to put its Kimi K3 model on Azure, AWS and Google Cloud
Reuters reports the Chinese startup is negotiating to host Kimi K3 on Azure, AWS and Google Cloud, and wants up to 30% of the revenue. It would be the first big China AI-US cloud revenue-share deal.
A Russian news agency reported a U.S.-Iran ceasefire. Oil prices fell and neither side has confirmed anything. (August 25, 2026)
Russian state agency RIA Novosti reported a U.S.-Iran ceasefire, citing Pakistani and Iranian sources. Oil fell on the news, and no U.S., Iranian, or Western outlet has confirmed it.
OpenAI's data center chief left five months in, as the company commits $1.4 trillion to compute
Chris Malone, OpenAI's head of data centers, has left after about five months, the latest senior exit as the company pours money into compute.
Nasdaq rebounds before Nvidia (NVDA) earnings, with options pricing a $313 billion swing in the stock
The Nasdaq rose about 0.7% Tuesday, recovering Monday's chip-led drop, one day before Nvidia reports. Wall Street expects about $92 billion in revenue, double a year ago.
The SEC subpoenaed four Wall Street banks over the Situational Awareness meltdown, the New York Times reports
Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase were told to preserve records on Leopold Aschenbrenner's fund as regulators examine trade timing and leverage from its near collapse in July.