Core Insights - Nvidia has signed a €1 billion ($1.15 billion) partnership with Deutsche Telekom to establish an "AI factory" in Munich, aiming to enhance Germany's AI computing power by 50% [1][2] Group 1: Project Overview - The project, named "Industrial AI Cloud," will utilize over 1,000 Nvidia DGX B200 systems and RTX Pro Servers equipped with up to 10,000 Blackwell GPUs to deliver AI inferencing and services to German companies while adhering to local data sovereignty laws [2] - Deutsche Telekom will provide the physical infrastructure, while SAP will contribute its Business Technology platform and applications [4] Group 2: Partnerships and Use Cases - Early partners of the project include Agile Robots, which will assist in installing server racks, and Perplexity, which will leverage the data center for "in-country" AI inferencing for German users [3] - The project will also explore use cases such as digital twins and physics-based simulation for industrial companies [3] Group 3: Industry Context - The partnership aligns with a broader call from the European tech industry for reduced reliance on foreign infrastructure and the promotion of local alternatives, amidst criticism of the EU's regulatory approach to AI [5] - The EU has committed €200 billion to establish "AI gigafactories" focusing on industrial applications, although funding for AI initiatives in Europe remains significantly lower than in the U.S. [6] Group 4: Future Outlook - The project is expected to commence operations in early 2026 and is distinct from the EU's AI gigafactory initiative [7] - Deutsche Telekom's CEO emphasized the importance of AI in enhancing products and reinforcing European strengths in mechanical engineering and industry [7]

Japan’s largest ocean shipping lines saw Q2 profits decline on the effects of the U.S. tariff war, and cut their forecast for all of 2025. Ocean Network Express on Tuesday said revenue for the June-August fiscal 2025 second quarter was $4.46 billion, down 24% from $5.9 billion in the year-ago quarter, with net profit of $285 million, off 86% from $1.9 billion in 2024. Profits for the joint venture of Japan’s K Line, MOL and NYK initially soared in 2024 as attacks by Yemen-based Houthi militia forced glob ...

By Seher Dareen LONDON (Reuters) -Oil prices fell more than 1% on Tuesday as the OPEC+ decision to pause output hikes in the first quarter of next year, along with weak manufacturing data and a stronger dollar, weighed on the market. Brent crude futures fell 81 cents, or 1.25%, to $64.08 a barrel by 1310 GMT. U.S. West Texas Intermediate crude was down 84 cents, or 1.38%, at $60.21. "The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever prese ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Key Takeaways SBA Communications' Q3 AFFO per share of $3.30 topped estimates but dipped marginally from last year.Quarterly revenues rose 10% to $732.3 million, led by strong site-leasing and site-development gains.SBAC acquired 447 sites and built 151 new towers, expanding its global portfolio to 44,581 sites.SBA Communications Corporation (SBAC) reported third-quarter 2025 adjusted funds from operations (AFFO) per share of $3.30, beating the Zacks Consensus Estimate of $3.19. However, this compares unfav ...

Axcelis Technologies (ACLS) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +19.80%. A quarter ago, it was expected that this semiconductor services company would post earnings of $0.73 per share when it actually produced earnings of $1.13, delivering a surprise of +54.79%.Over the la ...

LGI Homes (LGIH) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $2.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.57%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of $1.21 per share when it actually produced earnings of $1.36, delivering a ...

Anywhere Real Estate (HOUS) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.18. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this real estate brokerage operator would post earnings of $0.34 per share when it actually produced earnings of $0.32, delivering a surprise of -5.88%.Over the last four quarter ...

CPI Card Group Inc. (PMTS) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25.40%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.04, delivering a surprise of -92.86%.Over the last four quarters, the co ...

Core Insights - The article discusses the strategic shift of CleanSpark Inc. from pure Bitcoin mining to integrating AI compute services, highlighting the unique advantages Bitcoin miners have in the AI infrastructure race [2][4]. Group 1: Strategic Shift - CleanSpark's CEO Matt Schultz emphasized that the company's pivot is not an abandonment of cryptocurrency but a recognition of market realities that enhance the value of Bitcoin miners in the AI sector [2]. - The company operates 1.03 gigawatts of energized facilities and has an additional 1.7 gigawatts in pipeline capacity, showcasing its significant infrastructure [4]. Group 2: Market Challenges - Schultz pointed out that the main constraint for tech giants investing in AI is access to land and power, with approximately 60% of their free cash flow directed towards AI infrastructure [3]. - The article notes that while GPU shortages and data center construction are often highlighted, the fundamental issue is the need for substantial electricity and land for AI operations [3]. Group 3: Competitive Advantage - CleanSpark has developed a rapid deployment capability, able to establish a 100-megawatt Bitcoin mining facility in about six months, compared to the three to six years needed for a traditional AI data center [4]. - The company recently outpaced Microsoft in securing 100 megawatts of capacity in Cheyenne, Wyoming, by monetizing the megawatts through Bitcoin mining before transitioning to high-performance computing when economically viable [5]. Group 4: Unique Operational Characteristics - Bitcoin mining operations are described as a "very unique, interruptible load," which can address significant challenges faced by utility companies [6].