Crusoe, the operator of a large-scale Texas AI data center complex for OpenAI and Oracle Corp., appointed a new chief financial officer with experience taking a company public. https://t.co/wAWl9AjEfK ...

NEW YORK, Dec. 11, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  CoreWeave, Inc. ("CoreWeave" or the "Company") (NASDAQ: CRWV). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether CoreWeave and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On November 10, 20 ...

Industry Outlook - Concerns are rising that AI is skewing expectations for future electricity consumption in the US [1] - One of the world's leading turbine manufacturers is contending that the US demand forecast encompasses more than just data centers [1]

On Wednesday, Sen. Bernie Sanders (I-Vt.) escalated his criticism of Big Tech's energy demands, warning that Meta Platforms Inc.'s (NASDAQ:META) planned Louisiana data center could consume electricity at a scale that outstrips entire U.S. cities while leaving ordinary taxpayers to shoulder the costs.Sanders Warns Of Massive Power Use From Big Tech FacilitiesSanders took to X to raise alarms about the explosive growth of AI data centers and the strain they may place on the nation's power grid.He said Meta CE ...

Group 1: AI and Technology Trends - The AI narrative is shifting from software and chatbots to industrial sector implementation, expected to drive high-performance computing demand beyond 2025 levels [1] - The tech sector is moving towards Agentic AI, requiring massive physical facilities like data centers or AI factories [1] - Technology giants are projected to spend nearly $500 billion on capital expenditures in 2026 to build the infrastructure for an AI-powered internet [5] Group 2: Investment Strategies and Market Outlook - The market's focus is shifting to Return on Investment (ROI) and tangible cash flows, with three emerging themes for 2026 that blend growth potential and defensive stability [2] - High valuations necessitate high performance, favoring investments in companies that build the physical economy and provide essential power [3] - The stock market has seen significant gains, but the economic landscape is changing as speculation-driven easy money is likely ending [4] Group 3: Infrastructure and Energy Demand - Data centers are expected to increase power demand by 14% to 17% annually through the end of the decade, straining the power grid [8] - The energy sector is experiencing a shift towards baseload power sources, such as nuclear and natural gas, to meet the demands of AI and data centers [9] - Utilities are transitioning from slow-growth income stocks to growth hybrids, with companies signing long-term power supply contracts at premium rates [10] Group 4: Healthcare Sector Opportunities - The healthcare sector is trading at a 20% discount relative to the broader market, presenting a potential mean-reversion rally opportunity [13] - The sector offers a barbell strategy with defensive stability from insurance providers and high-growth potential from pharmaceutical innovators [14] - 2026 is expected to see increased mergers and acquisitions in healthcare, driven by large companies seeking to replenish their pipelines [15] Group 5: Economic Environment and Investment Discipline - The Federal Reserve's neutral stance on interest rates supports manageable capital costs for companies with real cash flow [16] - The investment landscape in 2026 will reward infrastructure builders, essential power providers, and undervalued healthcare innovators [17] - A disciplined investment approach is necessary as the market transitions from speculative gains to tangible assets and real returns [17]

Core Viewpoint - Iren's recent $9.7 billion contract with Microsoft marks a significant shift towards AI data centers, but the company's heavy reliance on Bitcoin mining poses serious risks to its existing business model [3][5][10]. Company Overview - Iren has experienced explosive revenue growth of 750% over the past three years, resulting in a stock price increase of 3,360% [2]. - The company primarily operates data centers, selling computing capacity, and has shifted focus from Bitcoin mining to AI data centers [2][3]. Financial Highlights - The new contract with Microsoft is expected to expand Iren's hardware backbone to 140,000 GPUs, potentially increasing the annualized revenue run rate to $3.4 billion, compared to $685 million in total revenue over the past four quarters [3]. - Iren's market capitalization stands at $13 billion, with a current stock price of $44.46 [4]. Business Risks - Bitcoin mining accounted for 97% of Iren's revenue in the most recent quarter, making the company vulnerable to the volatility of cryptocurrency prices [7]. - Historical data shows that Bitcoin's price has declined by over 60% multiple times, and it has fallen nearly 30% from its all-time high since early October [8]. - A prolonged downturn in Bitcoin prices could significantly impact Iren's cash flow and hinder its AI expansion plans [10]. Competitive Landscape - Equinix, a leading data center REIT, is highlighted as a more stable investment alternative, benefiting from AI demand without the need for costly GPU investments [11][12]. - Equinix operates 273 data centers globally and plans to double its capacity by 2029, with annualized gross bookings increasing by 25% year over year [12].

Core Insights - Blackstone, the world's largest alternative asset manager, continues to identify strong investment opportunities in data centers despite a surge in investments in hardware related to artificial intelligence [1] Group 1: Investment Opportunities - The company remains optimistic about the potential of data centers as a key area for investment [1] - There is a notable increase in capital flowing into the infrastructure supporting artificial intelligence, which may enhance the attractiveness of data centers [1] Group 2: Market Trends - The rush of investment into AI-related hardware indicates a growing demand for data center capabilities [1] - Blackstone's perspective suggests that the data center market is poised for growth, driven by technological advancements and increased data consumption [1]

Core Insights - The AI boom is initiating a significant construction surge, with financing needs becoming increasingly apparent [1][2] - Companies traditionally operating with minimal assets are transitioning to asset-heavy models, exemplified by Meta's substantial increase in debt [1][3] Group 1: Financing Trends - There is a massive and sustained increase in borrowing, transforming public spending into private credit lending opportunities [2] - Apollo Asset Management is focusing on sectors such as data centers, defense spending, and energy transition, which require extensive long-term financing [3] Group 2: Debt and Investment Quality - Despite the high demand for assets, there are concerns regarding the rising debt levels and whether companies are over-leveraging [4] - Companies involved in these projects generally maintain low net debt to EBITDA ratios, indicating a solid financial foundation as they transition to debt financing [5] Group 3: Investment Strategy - The complexity and scale of these investments necessitate high-quality underwriting, with Apollo leveraging a large investment team to assess asset classes effectively [6] - The AI revolution presents a multitrillion-dollar lending opportunity, but only the most capable private credit firms will be able to manage the associated risks [7]

Core Insights - Applied Digital is transitioning from a Bitcoin mining data center operator to a dedicated AI infrastructure provider [1][3] - The main challenge in AI infrastructure is not GPU supply but the availability of data centers that can handle high power density and advanced cooling needs [3] Company Developments - Applied Digital has been acquiring essential resources such as land, power, construction teams, supply chain contracts, and engineering talent to establish AI-focused data centers [3] - The company has secured a significant lease expansion with CoreWeave, increasing the contract value from $7 billion to $11 billion over 15 years, with expectations of nearly $500 million in annual net operating income from this lease [4] Market Position - Applied Digital is well-positioned to benefit from the projected $350 billion investment in AI data centers by publicly traded hyperscalers by 2025 [3] - The company plans to expand its data center capacity at Polaris Forge 1 beyond 1 gigawatt from 2028 to 2030 and is constructing a 300-megawatt data center at Polaris Forge 2, with plans to scale it to 1 gigawatt [6] Financial Metrics - The current market capitalization of Applied Digital is $9 billion, with a gross margin of 14.46% [5][6] - The company has already leased 200 megawatts of its under-construction capacity for $5 billion in contracted revenues over 15 years [6]

Group 1: Dorman Products, Inc. - Dorman Products reported quarterly earnings of $2.62 per share, exceeding the analyst consensus estimate of $2.50 per share [1] - The company’s quarterly sales were $543.736 million, which fell short of the analyst consensus estimate of $551.033 million [1] - Shares of Dorman Products fell 0.8% to settle at $123.77 [4] Group 2: CoreWeave, Inc. - CoreWeave has priced its $2.25 billion convertible note offering [2] - The company is performing well, but there are better investment opportunities in the data center sector [2] - CoreWeave shares gained 5.1% to close at $90.66 [4] Group 3: Alaska Air Group, Inc. - Alaska Air cut its fourth-quarter EPS outlook due to several transitory headwinds, including an IT outage, lost revenue from the government shutdown, larger fuel costs, and a greater book tax rate [3] - Alaska Air is considered a good trading vehicle only [2] - Shares of Alaska Air rose 0.2% to settle at $49.54 [4]