Google is partnering with Turkey’s largest mobile operator to build the first hyperscale data center in the country https://t.co/lSNWhLA47K ...

Core Insights - Black Hills Corporation (NYSE:BKH) is recognized as one of the 15 overlooked dividend stocks to consider for investment [1] - Scotiabank upgraded Black Hills from Sector Perform to Outperform, raising the price target from $66 to $81, highlighting the strong growth potential from data centers in Wyoming [2] - The analyst noted that the Crusoe/Tallgrass project could enhance earnings by approximately 35% [2] - Despite concerns regarding a pending merger, the downside risk is considered limited, and the current risk/reward profile of the stock is viewed positively [3] Financial and Strategic Developments - In its Q3 2025 earnings report, Black Hills outlined a five-year strategy targeting 500 MW of data center demand by 2029, supported by partnerships with Microsoft and Meta [4] - The company is expanding its data center load pipeline from over 1 GW to more than 3 GW, which is expected to drive significant earnings growth through innovative tariffs and investments in new projects [4] - Black Hills aims to enhance its position as a customer-focused, growth-driven utility company committed to becoming the energy partner of choice [5]

Group 1 - The year of magical investing, particularly in AI and data center stocks, may be coming to an end as market dynamics shift [1][2] - The Dow Jones Industrial Average has surged by 559 points, while the S&P has advanced by 21%, and the NASDAQ has dipped by 25%, indicating a potential end to easy profits [1] - There is a suggestion that investors might be overlooking promising opportunities outside the AI and data center sectors, as the market shows significant movement without benefiting those heavily invested in speculative stocks [3]

Look out. The year of magical investing may be drawing to a close. All of this year, pretty much anybody who bought stocks connected to AI and the data center, well, you know, you made money.You didn't really need to think about it. But now, looking at the market with Dow surging 559 points, S&P advancing 21% and the NASDAQ dipping 25%. It seems like the easy money may have been made.Maybe the magic's starting to fade away. It's not 1999 goes to 2000 where there was only one unlikely winner out of the 350. ...

Patrick, it is great to see you. You are just the man to talk to about this, Patrick. So, here here's what AMD CEO Lisa Sue says.She says, "The total AI chip market is going to reach 1 trillion, that's with a T, by 2030." I guess let's start there, Patrick. How how much of that market do you think AMD can really take long term, Patrick. I know AMD will lay out their bogeies, but what does the Patrick Morehead take.>> Yeah. So, just to be clear on that number that they put out there, that's a combination of ...

Vertiv (NYSE:VRT) FY Conference Summary Industry Overview - Vertiv is a global leader in digital critical infrastructure, with 80% of its operations focused on the data center sector, which is experiencing strong and long-term growth [2][3] - The company has a comprehensive portfolio that includes power, thermal management, and prefabrication solutions, positioning it well in the market [2][3] Key Points and Arguments Market Position and Growth - Vertiv has a strong market position with a complete portfolio that allows it to engage with major players like NVIDIA and large colocation providers [3] - The company reported a 30% growth in backlog, indicating robust demand and a strong pipeline of future orders [5][6] - North America is currently the primary growth driver, but there are significant opportunities for expansion in other regions, particularly in AI capacity [7][8] Revenue and Order Visibility - The company has good visibility into 2026 due to strong Q3 orders and a healthy backlog, which resembles pre-existing growth patterns [5][6] - Large-scale projects, such as gigawatt-scale announcements, will be deployed in stages, with order-to-deployment cycles ranging from 9 to 15 months [10][11] Competitive Dynamics - The industry is consolidating, with several players merging, which Vertiv views positively as it leads to a more rational market [12][13] - There is no significant double ordering in the industry, as orders are tied to specific projects, reducing cancellation risks [16] Capacity Management - Vertiv is actively expanding its capacity to meet growing demand, with a focus on efficiency and productivity [17][18] - The company is addressing potential constraints in data center growth, such as power availability and skilled labor, which are being managed effectively [18][19] White Space Opportunities - The company sees significant potential in the "white space" of data centers, particularly with high-density racks that require advanced power and cooling solutions [20][21] - Recent acquisitions, such as Great Lakes, enhance Vertiv's capabilities in liquid cooling and high-voltage DC power distribution [21][22] Service and Technology Integration - Service is a critical component of Vertiv's value proposition, with a growing number of field engineers to support customer needs [27][28] - The company is investing in predictive maintenance and system optimization to enhance service offerings [28] Financial Outlook - Vertiv aims for mid-20s margin growth by the end of the decade, driven by operational leverage and efficiency improvements [30][31] - The company has a strong balance sheet, allowing for continued investment in technology and capacity expansion, including potential M&A opportunities [32][33] Collaboration and Future Technologies - Vertiv collaborates with hyperscalers and companies like NVIDIA to pioneer future technologies, such as 800 volt DC power systems [34][36] - The company is positioned to manage the transition between existing and new technologies, ensuring it remains competitive [36] Enterprise Growth Potential - There is potential for enterprise growth, particularly in leased and colocation spaces, as AI adoption increases [37] Additional Important Insights - The prefabrication capabilities of Vertiv are crucial for reducing time to market for data center owners, addressing on-site construction challenges [24][25] - The company emphasizes the importance of technology in driving growth and addressing industry challenges [25][28]

Advanced Micro Devices (AMD) CEO Lisa Su said she believes the data center market will be worth $1 trillion by 2030. AMD stock rose 5% in premarket trading on Wednesday following the news. Su made the announcement during the chipmaker's Financial Analyst Day in New York on Tuesday, where she outlined the company's revenue growth and projections for its performance moving forward. Su also revealed that the firm is seeing strong momentum with multiple gigawatt-scale project opportunities for its MI450 ser ...

Core Insights - Sterling Infrastructure, Inc. (STRL) reported strong third-quarter 2025 results, with earnings and revenues exceeding estimates by 24.7% and 12.5% respectively, showcasing robust year-over-year growth across key metrics [1][2] Financial Performance - Adjusted diluted earnings per share reached $3.48, a 58% increase from the prior year, while revenues totaled $689 million, reflecting a 32% rise [2] - The E-Infrastructure Solutions segment saw a 58% growth, with 42% being organic, and Transportation Solutions increased by 10% [2] - Gross margin expanded by 280 basis points to 24.7%, driven by a shift towards higher-margin projects [2] - Adjusted EBITDA grew 47% year-over-year to $156 million, with operating cash flow at $84 million [2] Market Performance - STRL shares gained 32.7% over the past three months, outperforming the Zacks Engineering - R and D Services industry and the S&P 500, which grew by 3.8% and 8.9% respectively [5] - The stock also outperformed the broader Construction sector's 1% rise during the same period [5] Growth Drivers - The data center market was a key growth driver, with revenues from this area increasing over 125% year-over-year [10] - A strong backlog of $2.6 billion, up 64% from the previous year, indicates solid visibility for future growth [12] - E-Infrastructure Solutions accounted for $1.8 billion of the backlog, reflecting a 97% year-over-year increase [12] - The company anticipates E-Infrastructure revenue growth of around 30% or higher on an organic basis for 2025 [11] Strategic Focus - Sterling's strategic focus on mission-critical projects, including data centers and e-commerce distribution, has strengthened its position in high-growth markets [9] - The Transportation Solutions segment showed steady progress, with adjusted operating profit increasing 40% year-over-year [14] Future Outlook - The company expects continued strong momentum in data centers into 2026, supported by a solid pipeline of new projects and healthy customer demand [11] - For 2025, STRL anticipates adjusted operating profit margins to rise to between 13.5% and 14% from 9.6% in 2024 [15] - Earnings estimates for 2025 and 2026 remain unchanged at $9.57 and $10.98 per share, indicating year-over-year growth of 56.9% and 14.7% respectively [16] Valuation - STRL is currently trading at a premium compared to industry peers, with a forward 12-month price-to-earnings (P/E) ratio above the five-year average [18] - The company is priced higher than competitors such as AECOM, Fluor, and KBR [20]

Cerebras Systems is teaming up with the government of Guyana to build the area’s first data center https://t.co/j0sXAXqW0G ...

Financial Data and Key Metrics Changes - For Q3 2025, the company reported revenue of $396 million, reflecting a year-over-year increase of 7% and a quarter-over-quarter increase of 6% [20] - Net profit for the quarter was $54 million, which is 15% higher compared to the net profit of $47 million in Q2 2025 [20] - Earnings per share were $0.48 basic and $0.47 diluted, compared to $0.42 basic and $0.41 diluted in the previous quarter [20] Business Line Data and Key Metrics Changes - The RF infrastructure business grew significantly, contributing $107 million or 27% of corporate revenue in Q3 2025, up from $67 million or 18% in Q3 2024 [5][6] - Silicon photonics revenue reached $52 million in Q3 2025, representing approximately 70% growth compared to Q3 2024 [6] - Power management accounted for 17% of corporate revenue, with a year-over-year growth of 15% [14] Market Data and Key Metrics Changes - The demand for silicon photonics is driven by a strong ramp in 1.6T products, alongside robust demand for 400G and 800G solutions [6][8] - The company anticipates silicon photonics revenue to exceed $220 million in 2025, up from $105 million in 2024, with a Q4 2025 annualized revenue run rate exceeding $320 million [18][19] Company Strategy and Development Direction - The company is focusing on expanding its silicon photonics and silicon germanium capabilities, with a total investment plan of $650 million for capacity growth and next-generation capabilities [24] - The strategy includes deep partnerships with industry leaders to drive innovation and growth in high-demand markets [6][18] - The company is also targeting the growing market of data center power, with advancements in power management technologies [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position, highlighting strong customer demand and the successful ramp-up of manufacturing capabilities [4][5] - The company is optimistic about achieving record revenue in Q4 2025, with guidance set at $440 million, plus/minus 5% [4] - Management emphasized the importance of maintaining strong customer relationships and not taking advantage of tight supply conditions for pricing [28][33] Other Important Information - The company extended the Newport Beach Fab lease by up to 3.5 years to accommodate growing demand for silicon photonics and CIG [21] - The company is in advanced stages of qualifications in multiple fabs, with expectations for significant revenue contributions from new technologies starting in Q4 2025 [7][17] Q&A Session Summary Question: Clarification on incremental $300 million investment - The CFO confirmed that the additional $300 million investment is included in the long-term revenue expectations, potentially accelerating the timeline to achieve targets [26] Question: Applications driving growth in RF infrastructure - The CEO highlighted the demand for high volumes of 400G and 800G products, particularly in data center buildouts [27] Question: Competitors in silicon photonics and pricing strategy - Management acknowledged strong demand but emphasized a collaborative approach with customers, avoiding opportunistic pricing [28][29] Question: Future capacity and utilization expectations - The company expects to achieve full utilization of increased silicon photonics capacity by the first half of 2026, with significant revenue contributions anticipated thereafter [39] Question: Long-term growth and partnerships in 300mm capacity - The CEO indicated a focus on organic growth rather than partnerships for expanding 300mm capacity, with plans to discuss further in future calls [49]