DATA CENTERS
Texas and Georgia host the AI data-centre boom and both swung blue; AI cloud stocks fell and solar jumped up to 10% as the fight over who pays for power begins
Data centre stocks fall after Democrats win Congress, but solar shares jump 10% as US election results shake up energy outlook. Texas and Georgia are two important locations for the industry. Both elected Democratic candidates in the midterm elections. Democrats also made gains in traditionally Republican areas, including Kansas.
Elon Musk's business empire braces for Democratic wave as Texas flips blue
Elon Musk's nearly $500 million campaign to support Republicans failed as Democrats reclaimed both chambers of Congress and flipped Texas' governorship. The results could expose his businesses, including SpaceX and Tesla, to greater congressional scrutiny, tighter data-centre regulations and potential hurdles for expansion plans under incoming Texas Governor Gina Hinojosa.
Solstice boosts annual forecast after AI-driven demand drives quarterly beat
Solstice Advanced Materials saw a surge in demand from data centers, which prompted an optimistic adjustment in their profit forecasts. Their third-quarter net sales climbed by 8%, totaling $1.05 billion, with electronic materials reflecting a remarkable 31% increase. Additionally, refrigerants sales rose by 8.3%, driven by specialized applications. The company has also raised its earnings per share forecast and adjusted its annual sales projections positively. Noteworthy is the $2.
AMD shares jump as AI-driven data-center strength fuels growth outlook
AMD, which recently joined the ranks of trillion-dollar companies, has gained about 126% this year and is poised to add about $58 billion in market value if premarket gains hold. The company's strong outlook highlighted growing momentum in its server processor business, signaling that spending on AI computing was extending beyond Nvidia's accelerators, which dominate the market.
AMD forecasts quarterly revenue above estimates as data-center growth accelerates
The company, which nearly doubled its data-center revenue in the third quarter, is benefiting as a shift in AI workloads toward running models in real-world applications drives demand for its graphics processing units and central processors. This has enabled AMD to capture market share from rival Intel, which last week forecast quarterly revenue well below estimates and triggered a global selloff in chip stocks.
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge
AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the option to buy up to roughly 10% of the chipmaker.
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'Space lasers didn't work': Elon Musk mocks own election spending after Democrats' midterm sweep
Billionaire Elon Musk expressed sarcastic comments following significant Democratic electoral victories in the 2026 midterm elections. Despite Musk's substantial financial contributions to Republican candidates, they faced major losses to Democrats. Notable among these was the Texas Senate race, where Democrat James Talarico defeated Republican Ken Paxton.
Corning operationalises Pune optical plant; capacity expansion planned by 2027
The company’s other plant in Chennai, has begun production of finishing glass for the first time in India. Inaugurated in December, 2025, it is currently undergoing validation by original equipment manufacturers (OEM), and will commence commercial production within the next few quarters, Pillai said.
Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
Marvell to buy Lumentum in $115 billion deal in AI data-center bet
Marvell Technology is poised to acquire Lumentum in a groundbreaking all-stock transaction worth $115 billion. This strategic acquisition is intended to position Marvell more competitively against Broadcom in the rapidly growing AI sector. With this expansion, Marvell anticipates boosting its optical components production to satisfy the escalating demand in data transfer spurred by AI innovations in data centers.
America's power bills are soaring. Utilities are now facing an election-year reckoning
Electricity prices are increasingly affecting midterm election campaigns as utility bills rise significantly for consumers. Politicians are proposing measures to curb utility rate increases and reduce profits for power companies. Notably, several gubernatorial candidates pledge to address energy affordability and utility practices if elected. The political climate indicates that utilities may face increased scrutiny and regulatory changes post-election. The long-term effects of these political moves on utility investments remain uncertain.
Alliant targets 1 GW of new data-center contracts in six months as power demand surges
Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on Friday, as rising AI use and growing electrification push US power demand to record highs.
Google’s Space AI just wrote a Haiku from orbit; here’s how it did it
Google launched its Project Suncatcher prototype satellite on October 1, 2026, aboard SpaceX's Transporter-18 mission. Following initial checks, the satellite completed early machine learning tests with its onboard Gemma AI model. During a ground-station pass, the satellite generated a haiku about life in space, showcasing its capabilities. Google plans to explore the reliability of this technology under space conditions in future tests.
Nvidia's web of AI bets: smart strategy or bubble risk?
Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarantees that has made the chip giant what some analysts describe as the central bank of the artificial intelligence boom. Nvidia also has around $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center, according to US media.
Nvidia in talks to give credit support for Nscale's deal with Anthropic
Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of the talks.
Google went to Finland for its AI expansion. Now a cleared forest and a police probe threaten to overshadow its $15 billion investment
Google's planned expansion in Finland is facing scrutiny due to alleged environmental violations at a data centre site. Authorities are investigating whether the company breached local laws related to water management. The controversy has drawn public criticism and highlighted the need for responsible corporate practices. As investment in artificial intelligence increases, balancing economic growth and environmental protection remains challenging.
AI data center boom faces backlash at US ballot box
Resistance is especially visible in Ohio, one of the country's fastest-growing data center markets. No state has more data center-related ballot measures, with voters in more than a dozen jurisdictions set to consider 21 proposals alongside Tuesday's midterm elections, according to the nonpartisan research group Ballotpedia.
Australia's corporate regulator probing failed $5 billion Firmus IPO
Australia's corporate regulator said on Thursday it was probing the failed $5 billion initial public offering of AI data centre operator Firmus.
AI is part of solution for climate change, COP31 pledge says
Turkey is set to introduce a pledge at the upcoming COP31 climate summit in Antalya. This pledge suggests that artificial intelligence can help in combating climate change effectively. However, data centers are reportedly increasing fossil fuel emissions significantly, raising environmental concerns.
Google faces backlash in Finland after cutting down 400,000 trees for data center projects
Google's decision to clear hundreds of thousands of trees in Finland for data center construction has faced immense criticism due to the lack of required environmental reviews. Local communities are worried about the potential consequences on their environment, while conservationists assert that the company's promises of reforestation will not adequately offset the negative effects. This incident has ignited a wider discussion about the oversight of tech initiatives within Finland.
Nevada unions, politicians caught between AI job creation and destruction
Nevada unions' soul-searching reflects the national debate underway over whether regulation should slow down AI development amid conflicting projections of job destruction and creation - and whether AI will ultimately lift humanity or harm it.
Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say
One of the people said the money would pay for additional chips for the data center Argentum secured in Poland with DL Invest Group, and that the debt is meant for chips leased to customers that do not have investment-grade ratings.
Why AI data centers are powering a boom in fuel-cell demand
A fuel cell generates electricity through a chemical reaction between a fuel, such as natural gas or hydrogen, and oxygen, converting the fuel's energy directly into electricity rather than burning it.
Data center spending to more than double to $2.1 trillion by 2028
Data center spending has been a fast-growing source of revenue for industrial firms that make generators, construction equipment, switchgears and chillers.
Ukraine’s drone strikes hit Yandex, Sberbank and VKontakte. Is Russia’s AI future at risk?
Ukrainian drone strikes have damaged data centers belonging to Yandex, Sberbank and VKontakte, disrupting digital services across Russia. While many services have resumed, damage to key AI supercomputers and difficulties replacing high-end chips could make recovery more challenging for Russia’s AI ambitions.
Investors see risk from US midterms to AI trade as data center backlash builds
As public criticism of data centers intensifies ahead of the US midterm elections, the implications for the AI sector and data center development grow increasingly significant. Should the Democrats win, tighter regulations may be pursued, prompting investors to keep a vigilant eye on local and state electoral outcomes. Predictions show that while AI infrastructure spending will persist, expected delays could hamper progress and raise costs, affecting corporate profit trajectories.
Donald Trump wants data centres to pay communities and generate their own power
Donald Trump has proposed that data centre operators pay dividends to local communities to gain support. He emphasized that these facilities should generate their own electricity and sell excess power. Trump's observations indicate that financial agreements can change the public's perception of data centres. He encourages negotiations to accelerate construction and foster public acceptance of such projects. The proposal aims to address concerns about rising electricity prices in local areas.
'Make deals and get them built': Trump calls on data centre companies to pay a 'dividend'
Donald Trump has urged data centre companies to generate their own electricity for local communities. He suggests offering a financial dividend to enhance the popularity of data centres. Trump believes that such financial incentives can turn unpopular centres into well-received facilities in the area. Additionally, he emphasizes that these centres could contribute to lower electricity prices for local residents.
'I call it a bribe': Pennsylvania residents spurn $10,000 data center checks
Local opposition blocked or delayed at least 75 data center projects in the first three months of 2026, according to Data Center Watch, which tracks resistance to the industry.
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