6 January 2026 | 1:09AM HKT Equity Research GDS Holdings (GDS): DayOne announced Series C equity financing at US$7.4bn pre-money valuation, in line with GSe; Buy What happened GDS Holdings (GDS/9698.HK) announced on Jan.5 that DayOne has entered into agreements for US$2.1bn Series C equity financing. As per the announcement, the Series C financing includes investors from the US, Europe and APAC, and was led by Coatue Management and supported by additional leading institutions, including the Indonesia Invest ...

Key Points Applied Digital builds data center campuses for cloud and AI companies. Nebius provides customized AI infrastructure services for a wide range of industries. One of these companies is growing faster and trading at more attractive valuations. 10 stocks we like better than Applied Digital › Applied Digital (NASDAQ: APLD) and Nebius (NASDAQ: NBIS) represent two distinct investment options in the rapidly growing artificial intelligence (AI) market. Applied Digital builds data center campuse ...

January 4, 2026 10:00 PM GMT China On-line Entertainment, Data Centers and Software | Asia Pacific Asia Pacific Industry View In-Line Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst certificatio ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Bitcoin mining firm Riot Platforms promoted Jason Chung, currently its head of corporate development and strategy, to its top financial seat effective March 1, according to a Jan. 2 press release and securities filing. The shift comes as the business moves to execute on a strategic shift focused on data centers amid the artificial intelligence boom. Chung wi ...

Key Points Iren is well positioned to meet the power shortage for data centers. It signed a $9.7 billion deal with Microsoft recently. Iren has secured 3 gigawatts of power for its data center pipeline. 10 stocks we like better than Iren › Shares of Iren (NASDAQ: IREN) more than tripled in 2025. The Bitcoin miner, founded in 2018, is pursuing a massive opportunity by offering its data centers for artificial intelligence (AI) cloud services. Iren has secured thousands of megawatts of clean power ...

To hear the conference call live, please dial 1-517-308-9482 (domestic and international) and reference the passcode (EQIX). A simultaneous live webcast of the call will be available on Equinix.com under the Investor Relations heading. A replay of the call will be available one hour after the call through Tuesday, March 31, 2026, by dialing 1-866-360-7719 and entering the passcode (2026). In addition, the webcast will be available on the company's website at www.equinix.com/investors (no password required). ...

Core Insights - Vantage Data Centers and Liberty Energy Inc. have formed a strategic partnership to develop utility-scale, high-efficiency power solutions for Vantage's data center portfolio in North America [1][2] - The partnership aims to deliver up to 1 gigawatt (1GW) of power agreements within five years, including a reservation of 400 megawatts (MW) for 2027, with potential for future expansion beyond 1GW [2][3] - This collaboration is designed to enhance Vantage's capabilities in developing data center campuses, particularly in areas with constrained grid capacity, thereby supporting the growing demand for digital infrastructure [3][4] Company Overview - Vantage Data Centers is a global leader in digital infrastructure, serving major AI and cloud providers, with operations across North America, EMEA, and Asia Pacific [6] - Liberty Energy Inc. is a leading energy services company, specializing in completion services and technologies for oil, natural gas, and geothermal energy producers, and operates Liberty Power Innovations, which focuses on advanced distributed power solutions [8]

Group 1 - Applied Digital Corp. (NASDAQ: APLD) experienced a significant increase of 16.88% week-on-week as investors anticipated its second-quarter fiscal year 2026 earnings results [1] - The company is set to release its financial and operational highlights after market close on January 7, with a conference call planned to discuss the results [2] - Applied Digital has initiated a restructuring process, creating two separate entities for its cloud computing and data center businesses [3] Group 2 - The restructuring strategy includes a merger with EKSO Bionics Holdings Inc., which will be renamed ChronoScale, focusing on an accelerated compute platform for AI workloads [4] - Following the merger, Applied Digital will own 97% of the combined firm, while EKSO Bionics will seek potential buyers for its business and assets [4] - The proposed transaction aims to establish a focused platform to meet the growing demand for GPU-accelerated cloud infrastructure in a capacity-constrained market [5]

Core Viewpoint - The stock of Applied Digital has significantly benefited from the ongoing investment cycle in AI data centers, showcasing remarkable growth and potential for future revenue increases [1][2]. Group 1: Company Overview - Applied Digital specializes in designing, building, and operating high-performance data centers that cater to heavy GPU workloads [4]. - The company initially focused on blockchain applications but pivoted to AI workloads in 2023, leading to substantial revenue growth [5]. Group 2: Financial Performance - Since the beginning of 2023, Applied Digital's stock has surged by 1,200%, with analysts projecting revenues of $552 million in 2026, an 86% increase from the estimated $297 million in 2025 [2][8]. - The company is currently experiencing a boom in data center spending, with total data center capacity demand expected to increase by nearly 300% by 2030 [7]. Group 3: Capital Expenditures and Debt - Applied Digital is heavily investing in building data centers, leading to significant capital expenditures and an increase in long-term debt, which currently stands at approximately $700 million [11]. - The company has increased its share count by 196% over the past three years, raising concerns about share dilution and the sustainability of its financial model [11]. Group 4: Market Position and Valuation - The current market capitalization of Applied Digital is approximately $7.9 billion, with a price-to-sales ratio nearing 13 times the 2026 revenue estimates, indicating a potentially high valuation relative to its revenue growth [12][13]. - The company is currently incurring cash losses, which raises questions about its long-term profitability and the feasibility of its growth strategy [14].

Company Overview - CoreWeave operates data centers providing cloud-based access to artificial intelligence (AI) solutions, focusing on training AI models and inference learning [3] - The company has reported significant growth, with third-quarter revenue increasing by 133% year over year to just under $1.37 billion, and EBITDA more than doubling to $838 million [4] Financial Projections - Analysts project CoreWeave's revenue to grow from just over $5 billion in 2025 to nearly $29 billion by 2028, indicating a strong financial turnaround [5] - The growth is supported by the anticipated expansion of the global AI infrastructure market, expected to grow at an annualized rate of 26.6% through 2034, reaching a value of $500 billion [7] Market Dynamics - The AI megatrend is creating numerous investment opportunities, but it is also attracting significant competition [6] - Despite the positive outlook, there are questions about whether CoreWeave's current stock price can lead to life-changing gains for shareholders [8]