$6 billion in a deal to equip a new data center in the state. Joining us now in a first on CNBC interview is core CEO Michael Intrator in Pittsburgh, along with our own Brian Sullivan. Brian.>> Yeah, John, thank you very much. I'm going to cross over into your world a little bit and talk about technology and data centers. And we are joined by Mike and trader.He is the CEO of core. We've Mike, thank you very much for joining us. An event with President Trump just wrapped downstairs.It was you and a bunch of ...

Shares of CoreWeave (CRWV 6.19%), a leader in artificial intelligence (AI) infrastructure, were on the move today after the company announced that it would invest $6 billion to open a new data center in Pennsylvania.The news shows the company continuing to invest in the rapidly growing market, paving the way for new capacity. Additionally, CoreWeave could be benefiting from news that Nvidia will now be allowed to sell its H20 AI chips in China, which benefits a key ally and investor in the company, and pave ...

Core Insights - Pennsylvania Data Center Partners and PowerHouse Data Centers announced a $15 billion joint venture to develop three hyperscale data center campuses in Central Pennsylvania, named Pennsylvania Digital I (PAX), which will provide 1.35 GW of capacity expandable to 1.8 GW, focusing on AI data center development [1][5][15] Project Overview - The PAX project will consist of three campuses, each featuring six buildings and a dedicated 450 MW substation, with access to 17 metropolitan fiber networks, including direct peering with Ashburn, Virginia [4][15] - The project was unveiled at the Pennsylvania Energy and Innovation Summit, attended by President Donald Trump and various global leaders in energy and AI [3] Economic Impact - The project is expected to generate over $65 million in direct tax revenue, with allocations of more than $45 million to the Cumberland Valley School District, over $10 million to Middlesex Township, and over $10 million to Cumberland County [5] - It is anticipated to create high-skilled jobs in construction, project management, engineering, and electrical work [5] Strategic Importance - Pennsylvania is positioned as a growing AI data center market, with the PAX project located in a strategic area that provides access to key markets in the Eastern United States [7] - The project aims to enhance the infrastructure necessary for the next era of AI and technological innovation, supported by local leaders and abundant natural power resources [6][9] Utility and Infrastructure - PPL Electric Utilities will connect the campuses to their transmission system, ensuring reliable power delivery to the data center campuses and surrounding community [8][9] - The project includes a robust fiber infrastructure with direct peering to Ashburn, VA, and connectivity to 17 metro fiber providers [15] Community Engagement - Both Pennsylvania Data Center Partners and PowerHouse Data Centers are committed to building relationships with the local community, investing in STEM education, and supporting charitable initiatives [10]

Google will invest $25 billion in data centers across the nation’s largest electric grid over the next two years to help power its big bet on artificial intelligence, the company said Tuesday.The tech giant’s president and chief investment officer, Ruth Porat, was expected to join President Trump at an AI summit in Pennsylvania to announce the investment.“We support President Trump’s clear and urgent direction that our nation invest in AI infrastructure, technology, and the energy to unlock its benefits so ...

Core Insights - Digital Realty (DLR) shares have increased by 15.4% over the past three months, outperforming the industry growth of 5.3% [1][8] - The company is experiencing robust demand for data centers, supported by strong leasing activity, a diverse tenant base, strategic acquisitions, and a solid balance sheet [1][3][4] Company Performance - The Zacks Consensus Estimate for Digital Realty's 2025 funds from operations (FFO) per share has been revised slightly upward to $7.04 [2] - The company's backlog of signed but not commenced leases reached a record high of over $1.3 billion as of March 31, 2025 [3][8] - Digital Realty has a diversified customer base, primarily consisting of investment-grade tenants from various industries, ensuring stable revenue generation [4] Growth Strategy - The company is making strategic investments in land and infrastructure, including the acquisition of approximately 100 acres in the Atlanta metro area for around $120 million, which is expected to support over 200 megawatts of IT capacity [5][8] - Digital Realty plans to incur capital expenditures for development activities in the range of $3.0 billion to $3.5 billion for 2025 [6] Financial Health - Digital Realty has a strong balance sheet with cash and cash equivalents of $2.32 billion as of the end of the first quarter of 2025 [9] - The company's net debt-to-adjusted EBITDA ratio stands at 5.1X, and its fixed charge coverage is 4.9X, indicating solid financial stability [9] - The company holds favorable credit ratings of BBB (Stable Outlook) from Fitch, S&P, and Baa2 (Stable Outlook) from Moody's, which enhance its access to debt markets [9]

①英伟达+光模块+数据中心+汽车电子！这家公司1.6T光模块产品出货持续上量且与英伟达联合测试；② 光模块+数据中心+芯片+海工装备！这家公司已批量生产海底光网络的高可靠性光无源器件；③人形机器 人+低空经济+智能驾驶+华为汽车！公司拟参设合伙企业投向人形机器人领域，已与飞行汽车公司展开合 作。 前言 每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点， 防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 ...

Chinese Data Center Billionaire Zhou Chaonan’s Wealth Jumps On Nvidia AI Chip Sales Resumption https://t.co/iPVGdrC1KK https://t.co/WikAmKJYnt ...

Core Insights - Applied Digital (APLD) achieved a 22% year-over-year revenue growth in Q3 of fiscal 2025, totaling $52.9 million, despite challenges in its Cloud Services segment [2][10] - The company is transitioning its business model, focusing on high-performance computing (HPC) hosting, particularly for AI infrastructure, while facing a decline in Cloud Services revenue [3][6] Financial Performance - Cloud Services segment revenues fell to $17.8 million due to a shift to on-demand capacity and technical issues, which have since been resolved [2][10] - Data Center Hosting segment revenues increased to $35.2 million, driven by full utilization of North Dakota facilities and favorable Bitcoin pricing [3][10] - APLD's aggressive capital expenditures range from $30 million to $50 million per month, with a total debt of $689 million [5][10] Strategic Developments - The construction of the Ellendale campus, a 400MW data center, is on schedule, with the first 100MW facility expected to launch in Q4 2025 [4] - APLD has secured significant funding, including $5 billion from Macquarie and $375 million from SMBC, to support its strategic pivot [4] - The company is experiencing strong leasing interest, with potential for a single anchor customer to occupy the entire initial build [4] Competitive Landscape - Digital Realty (DLR) is expanding its AI infrastructure with a $10 billion U.S. Hyperscale Data Center Fund, focusing on major metropolitan areas [7] - Equinix (EQIX) is also capitalizing on AI demand, with numerous projects underway and a strategy emphasizing high-density builds [8] Valuation and Estimates - APLD's shares have increased by 24.6% year-to-date, outperforming the industry growth of 4.5% [9] - The company trades at a forward price-to-sales ratio of 7.97X, significantly above the industry average and its five-year median of 1.47 [12] - The Zacks Consensus Estimate for APLD's fiscal 2026 earnings suggests a 67.7% year-over-year increase [14]

"The demand for high-performance AI compute is relentless," said CoreWeave CEO Michael Intrator in a release, "and CoreWeave is scaling a cloud purpose-built for AI to meet it and strengthen US leadership." The announcement comes as part of the Pennsylvania Energy and Innovation Summit in Pittsburgh hosted by Sen. Dave McCormick, R-Penn., where President Donald Trump, members of his administration and executives are meeting to discuss AI and investment opportunities in the state. CoreWeave Inc. signage in T ...

Trent D'Ambrosio Salt Lake City Utah, July 15, 2025 (GLOBE NEWSWIRE) -- BluSky AI, Inc., a leader in modular, high- performance AI data infrastructure, proudly announces that it has selected Data Specialties Inc. (DSI) as its official provider for pre-manufactured modular data centers. This strategic partnership marks a key milestone in BluSky AI's mission to rapidly deploy scalable, energy-efficient AI infrastructure across the United States. Headquartered in Buena Park, California, DSI brings over three d ...