Core Insights - Southwestern Electric Power Company (SWEPCO) announced a significant data center investment from Amazon, described as a major economic development win for Northwest Louisiana [1] - The investment will lead to utility infrastructure upgrades that will benefit SWEPCO customers and support Amazon's operations [1][4] Economic Impact - Amazon's investment is expected to generate long-term economic growth, create high-quality jobs, and provide substantial tax revenue for the communities served by SWEPCO [4] - The project will enhance the reliability of the power grid for all customers, contributing to long-term rate stability [2][4] Infrastructure and Costs - All costs associated with the new facilities will be fully covered by Amazon, ensuring that existing SWEPCO customers will not bear any additional costs [3] - Infrastructure improvements, including substations and transmission lines, will be funded by the customer under the oversight of the Louisiana Public Service Commission [3] Grid Modernization Efforts - SWEPCO has been actively modernizing and strengthening the electric grid, focusing on reliability and service improvements [5][7] - Recent efforts include inspecting over 80,000 utility poles, replacing more than 18,000, and trimming nearly 1,300 line miles of trees to enhance grid performance [7] Strategic Importance - Reliable energy is a critical factor for companies like Amazon when choosing investment locations, and SWEPCO's infrastructure improvements position Northwest Louisiana as a competitive option for economic development [6][10] - The collaboration among state, regional, and local partners has been pivotal in attracting this investment, highlighting the region's potential for growth in sectors like artificial intelligence and cloud computing [10][11]

SAN FRANCISCO, Feb. 23, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is alerting investors in CoreWeave, Inc. (NASDAQ: CRWV) to a pending class action against the company and certain of its executives. The suit alleges defendants misled the market regarding CoreWeave’s ability to scale its AI infrastructure and meet its ambitious revenue guidance. Hagens Berman is investigating the alleged claims that CoreWeave overstated its capacity to satisfy “robust” customer demand and do ...

Elon Musk responded to reports the $500 billion Stargate data center venture has effectively stalled, saying, “Hardware is hard” and “Those who have tried to do so at scale will understand.”Stargate Has No Staff And No Clear RoleThe Information reported that the Stargate joint venture, announced at the White House in January 2025 alongside SoftBank and Oracle (NYSE:ORCL) , has not meaningfully staffed up and currently plays no direct role in building OpenAI‘s data centers.The original pitch was enormous: $5 ...

By Greg Bensinger SAN FRANCISCO, Feb 23 (Reuters) - Amazon said it expects to invest $12 billion in Louisiana as part of a plan to ‌build data centers in the Pelican State. The Seattle-based online retailer said the ‌data center buildout, in northwest Louisiana, will create 540 full-time jobs, as well as additional ​jobs it claims will help support the facilities, such as electricians and heating, ventilation and air-conditioning technicians. As part of its fourth-quarter earnings report this month, A ...

An aerial view of an Amazon Web Services Data Center known as US East 1 in Ashburn, Virginia, U.S., October 20, 2025.Amazon said Monday it plans to spend $12 billion on new data center campuses in Louisiana and the infrastructure to power artificial intelligence and cloud computing.The campuses will be built in the Caddo and Bossier Parishes, in northwestern Louisiana. Amazon said it expects to create 540 full-time jobs at the data centers and support about 1,700 other roles that will serve the sites, such ...

The artificial intelligence revolution is rewriting the rules of the American economy, but rather than ushering in a golden age of consumer prosperity, it is sparking a massive, resource-heavy infrastructure boom that could leave the everyday worker behind. According to a newly released strategic report from Morgan Stanley Wealth Management, the market has entered a “gen-AI-capex-powered” era that represents a rare shift away from consumption-led growth and toward an investment-led “reindustrialization re ...

Industry Overview - The artificial intelligence (AI) sector, bolstered by the rapid growth of cloud computing and data centers, is experiencing a robust demand scenario, particularly for AI-powered data center capacity to manage and store vast amounts of data [1] - The "magnificent 7" stocks are set to invest $650 billion in 2026 for AI infrastructure development, representing a significant 71.1% year-over-year increase in capital spending on the AI ecosystem [2] Company Insights Amphenol Corp. (APH) - Amphenol holds a Zacks Rank 2 and benefits from a diversified business model, commanding an estimated 33% market share in AI-powered data center interconnects [7] - The company is experiencing triple-digit organic growth in its IT datacom segment, driven by high-speed and power interconnect products [8] - Amphenol's expected revenue and earnings growth rates for the current year are 34.9% and 29.3%, respectively, with a 1.9% improvement in the earnings consensus estimate over the last 30 days [12] Western Digital Corp. (WDC) - Western Digital, with a Zacks Rank 1, is witnessing strong demand for high-capacity hard disk drives (HDD) amid intensified cloud and AI demand [13] - The company is collaborating closely with hyperscale customers to deliver reliable, high-capacity storage solutions, with an expected revenue growth rate of -6.3% and earnings growth rate of 81.7% for the current year [16] Vertiv Holdings Co. (VRT) - Vertiv, holding a Zacks Rank 2, benefits from a diverse product portfolio and is strategically expanding capacity to support AI-enabled pipelines [17] - The company has a partnership with NVIDIA to co-develop an 800-volt DC power architecture, ensuring its infrastructure solutions remain relevant as power requirements scale [19] - Vertiv's expected revenue and earnings growth rates for the current year are 34% and 46.9%, respectively, with a 15.3% improvement in the earnings consensus estimate over the last 30 days [20] Lumentum Holdings Inc. (LITE) - Lumentum, with a Zacks Rank 1, designs and manufactures optical technologies essential for AI and cloud computing, experiencing significant revenue growth driven by demand for AI infrastructure connectivity solutions [21][22] - The company has a strong collaboration with NVIDIA for developing silicon photonics, positioning it as a key supplier to hyperscale customers [23] - Lumentum's expected revenue and earnings growth rates for the current year are 76.7% and over 100%, respectively, with a 34.6% improvement in the earnings consensus estimate over the last 30 days [24] EMCOR Group Inc. (EME) - EMCOR, holding a Zacks Rank 2, is a leading provider of critical infrastructure to AI-powered data centers, focusing on electrical infrastructure and cooling systems [25] - The company is gaining traction in the data center construction market, which is contributing to its expanding remaining performance obligations (RPOs) [26] - EMCOR's expected revenue and earnings growth rates for the current year are 5.4% and 8.6%, respectively, with a slight improvement in the earnings consensus estimate over the last 30 days [28]

CoreWeave (NASDAQ: CRWV) was arguably Wall Street's hottest IPO stock last year. It's been a bumpy ride at times, but CoreWeave stock did return over 92% in 2025. That's an epic success by most standards, and the stock has started this year on a strong note. Shares have already gained 22% since January. That seems like a pretty juicy pitch. CoreWeave designs and builds turnkey data centers that provide GPU cloud services for artificial intelligence (AI) companies. One might think of the company as somethi ...

PHILADELPHIA, Feb. 23, 2026 (GLOBE NEWSWIRE) -- National plaintiffs’ law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) (“Fermi” or the “Company”) on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the “Class Period”), including in the Company’s initial public offering on October 1, 2025. Investor Deadline: Investors who purchased Fermi securities during th ...

Silver is trading in territory that would have sounded outlandish not long ago. One widely followed 2026 outlook now points to the metal spiking toward $150 per ounce, with a new “floor” projected in the $65 to $70 range. Meanwhile, the March 2026 silver futures (SIH26) contract currently changes hands around $86. That kind of price action has turned silver into a high‑octane way to express views. Into that kind of setup steps a tiny AI‑focused data‑center company that wants to bolt a strategic silver re ...