[music] [music] Good morning and welcome to Opening Bid. I'm Yahoo [music] Finance executive editor Brian Sazi and I'm joining you live from Apollo Global Management Headquarters in the heart of New York City. Paulo is the parent company of [music] Yahoo Finance, but it's also one of the largest private equity firms in the world [music] and a major player in the retirement market. All day, I'll be taking you behind the scenes of this financial powerhouse, showing you how a [music] top Wall Street firm like ...

Data centers are notably absent from the shopping list for the world’s largest sovereign wealth fund as it unveils a new strategy following a period of disappointing real estate results https://t.co/q9hTX02DWx ...

John G Vernova kicking off its investor day by revising its financial targets to the upside, announcing a bigger dividend and increasing its share buyback to 10 billion from six billion. First to the forecast, 2025 revenue guidance trending higher and even looking to 2028. The company's projecting margins of 20% which is up from the prior target of 14% and higher than Wall Street consensus as demand continues to rise for gas power and company.company says that it did sign 18 gawatts of gas turbine contracts ...

TruePatrick OShaughnessy (@patrick_oshag):"The most important thing in the next 3-4 years is data centers in space.In every way, data centers in space, from a first principles perspective, are superior to data centers on earth.In space, you can keep a satellite in the sun 24 hours a day. The sun is 30% more intense, https://t.co/Z2ri4tLSTA ...

Capital Power’s top executive says it will become possible to build new gas-fired power plants to support large data centers in Alberta after the Canadian government relaxed environmental standards https://t.co/YP42rYeNuQ ...

Summary of the Conference Call on US Power Demand and Renewables Industry Overview - The discussion focuses on the **US power demand** and the impact of **renewables** in the context of rising demand driven by **data centers** [1][3] Key Points and Arguments - **Rystad Energy Report**: A report led by Marina Domingues indicates that the full retail power price impact of US data centers will not be fully realized until closer to **2030**. The increase in US energy demand is expected to face challenges due to "severe supply-side bottlenecks" [3][1] - **Market Dynamics**: The conversation aims to explore the relationship between the growth of renewables and the increasing power demand from data centers, emphasizing the need for affordability and the role of data center operators in utilizing renewables [1][3] - **Renewables vs Non-Renewables**: The discussion will cover insights from data center operators regarding the attractiveness of gas compared to renewables for meeting load growth [9][1] - **Growth Projections**: Projections for data center growth will be analyzed, including which regions are most attractive and how Rystad assesses risks related to data center capacity growth based on power availability [9][1] Relevant Stocks - The call mentions several relevant stocks in the utilities and clean energy sector, including: - **EDPR** - **RWE** - **Engie** - **Orsted** - **Iberdrola** [5][35] Additional Insights - **Behind the Meter Considerations**: The call will address behind-the-meter considerations for data centers, which may influence their energy sourcing strategies [9][1] - **Market Adjustments**: Discussion on how the market may adjust for renewables, including PPA prices and the appetite from local utilities and corporate entities [9][1] - **Risks for Non-Renewables**: Key risks associated with non-renewables will be identified, along with potential implications for data center-driven power demand [9][1] Speaker Background - **Marina Domingues**: Vice President at Rystad Energy, leading the New Energies research team for the Americas, focusing on power market dynamics and clean technologies [5][1] This summary encapsulates the essential elements of the conference call, highlighting the interplay between US power demand, renewables, and data centers, while also identifying key stocks and potential market dynamics.

An outage that took down markets operated by CME for more than 10 hours at the end of last week was caused by human error at a data centers owned by CyrusOne. https://t.co/0tlqIqtFOr ...

Data Center Construction - The industry needs to consider power train, thermal chain, and prefabrication to industrialize data center construction in unprecedented ways [1]

Financial Performance - The company posted a record profitable quarter with revenue growing 14% and profit growing faster at 26% [2] - The company exceeded both EPS and free cash flow guidance [2] - The server segment, inclusive of AI, returned to approximately 10% operating profit in Q4 [12] AI and Order Backlog - The company booked another $2 billion in AI orders [3] - Over 60% of AI orders are in sovereign enterprise [3] - The company has a backlog of over $47 billion [4] Data Center Buildout and Delays - A specific data center project experienced a delay, impacting revenue booking [1] - Data center buildouts are experiencing lumpiness and delays due to a combination of factors, including real estate, power and cooling, and component availability [5][6] - Buildouts involve tens or hundreds of megawatts, and are now moving towards gigawatts, requiring significant time to complete [6][7] Supply Chain and Component Costs - The cost of commodities will be driven by shortages expected in the latter part of 2026, particularly in Indira and NAND [12] - The company has already enacted price increases in November and factored expected cost increases into guidance [12] Technology and Customer Adoption - Customers are interested in getting the choice and flexibility to build data centers the right way [10] - Enterprises are accelerating AI adoption, with use cases in manufacturing, transportation, and healthcare [14][15] - The company announced the first Gallop Helios switch to allow customers to adopt new technology [10] Revenue Guidance - The company affirmed its 17% to 22% revenue growth guidance [5] - The company raised its non-GAAP EPS guidance [5][13]

Electricity costs three times as much in New England as it does in North Dakota. Uh that is not that is not because of data centers. That's because of policies.A lot of the higher prices that you're seeing are not related to the AI data centers. A lot of the A data centers are going to be off the grid behind the meter and then producing adding more energy and then and then putting some of that energy onto the grid. So we could be actually increasing the supply.In some of those areas where we've got increase ...