data centers

Key Takeaways: GDS’ revenue grew 6.4% in the third quarter, slowing from 7% in the second quarter and 15% in the third quarter of 2022 The company is investing heavily in Southeast Asia to jumpstart growth as its home China market cools amid a broader economic slowdown By Warren Yang For...

Tesla Inc (NASDAQ: TSLA) may soon have another business segment in addition to the electric vehicle space, which it currently dominates. What Happened: The company, also known for its operations in solar, energy storage and charging infrastructure, may expand operations into data centers — a...

Famed short seller Jim Chanos has a new industry he’s targeting with bets against a high growth area. Here’s why, despite the growing industry, Chanos sees pain for the market leaders. What Happened: Chanos is getting ready to place a big bet against data centers, according to a report...

Several NVIDIA Corporation (NASDAQ: NVDA) reacted to the chipmaker's first-quarter report with lower price targets. Here's what they had to say. The NVIDIA Analysts: BMO analyst Ambrish Srivastava has an Outperform rating and lowered the price target from $375 to $300. Wells Fargo...

A leading technology company helping the cryptocurrency mining community is going public with a SPAC deal announced Thursday. The SPAC Deal: Bitdeer, which operates five proprietary mining datacenters in the United States and Norway, announced a merger with Blue Safari Group Acquisition Corp (...

Marvell Technology Inc (NASDAQ: MRVL) launched the 1.6T Ethernet PHY with 100G PAM4 electrical input/outputs (I/Os) in 5nm to tap the data center’s higher bandwidth demand for data growth support. The new Marvell Alaska C PHY will accelerate the transition to 100G serial...

British chip technology firm, Arm Ltd, which NVIDIA Corporation is acquiring (NASDAQ: NVDA) in a $40 billion deal, elaborated on its next generation of data center technology, citing Oracle Corp (NYSE: ORCL) and Alibaba Group Holding Ltd (NYSE: BABA) as customers,...

Investors will have another option for data center providers with the third-largest company in the sector hitting the public market via a SPAC deal. The SPAC Deal: Cyxtera is going public in a SPAC dal with Starboard Value Acquisition Corp (NASDAQ: SVAC). The deal values the company at $3.4...

Microsoft Corporation (NASDAQ: MSFT) has seen strong growth in its server products and cloud services division. The company is aggressively growing its data center business. What Happened: The results of an underwater study called Project Natick were made public. A shipping container-sized...

The premium valuation of Switch Inc (NYSE: SWCH) is unjustified, according to Cowen.  The Analyst Cowen analyst Colby Synesael initiated coverage of Switch shares with an Underperform rating and $15 price target, suggesting 12-percent downside from current levels. The Thesis Switch...

Analysts at Mizuho Securities turned incrementally bullish on NVIDIA Corporation (NASDAQ: NVDA) for three key reasons. The firm's Vijay Rakesh maintains a Buy rating on Nvidia's stock boosted from $180 to $220. First, Nvidia's exposure to the cryptocurrency and gaming sectors remains strong, Rakesh...

One of the more anticipated initial public offerings of 2017 was Switch Inc (NYSE: SWCH), a technology infrastructure company that operates data center facilities and related services. But investors made it clear they have no appetite for the stock as all of its strong gains on Friday were wiped...

Analysts at Bank of America Merrill Lynch hosted 16 semiconductor companies as part of its Global Tech Conference in San Francisco on June 6 and 7. Key Takeaways Bank of America's Vivek Arya noted three main takeaways from the event. Demand across the auto, industrial, gaming, mobile and data...

Nutanix Inc (NASDAQ: NTNX)'s stock is higher by more than 15 percent at $20.35 in reaction to a strong fiscal third quarter earnings report but longer-term shareholders are still feeling some pain as the stock peaked at $46.78 over the past year. Piper Jaffray's Andrew Nowinski answered a pressing...

Baird has upgraded DuPont Fabros Technology, Inc. (NYSE: DFT), a real estate investment trust that owns and operates wholesale data centers, to Outperform on broadening development opportunities, solid execution and valuation. Baird's Positive Perspective The brokerage pointed out that an...