Tag: demand
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HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
Sept 2 : Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street expectations, as surging AI-related demand across networking and servers drove growth across its business.Shares of the company, however, fell 8 per cent in extended trading.
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Analysis:Texas’ halt on powering data centers reflects US reckoning over ‘ghost’ demand
Sept 1 : Data centers have requested roughly as much electricity across the middle swath of the United States as it takes to power every home in the country, but much of that demand may be an illusion.In an attempt to find out what is real, Texas recently became the first major data center hub…
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Analysis:US corporate AI debt surge tests investor limits as fatigue emerges
NEW YORK, Aug 21 : The wave of debt issuance funding the artificial-intelligence buildout is testing the limits of investor demand, with some large bond buyers warning that the market is showing signs of indigestion.While fund managers remain comfortable with the credit quality of companies such as Amazon and
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Demand from US data-center boom radiates out through factory supply chains
Aug 19 : Generac is best known for making backyard generators that rumble to life after power failures.But artificial intelligence is its new frontier.The Waukesha, Wisconsin-based company is spending $250 million by the end of next year to equip multiple factories to make beefed-up versions of its gen
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Oil slips on weaker demand outlook and higher US stocks amid supply disruptions
LONDON, Aug 13 : Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply.Brent futures were down 91 cents, or 1 per
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Oil drops on lower demand forecasts despite deadlock in US-Iran talks
BEIJING, Aug 13 : Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5 per cent,
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Nebius powers past estimates as customers race to secure AI computing power
Aug 12 : Nebius beat quarterly revenue estimates on Wednesday as booming demand for AI infrastructure helped it land larger contracts and increase prices, sending shares of the cloud-computing company up more than 20 per cent.The results came a day after larger rival CoreWeave raised its annual forecasts, wit
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Nebius beats quarterly revenue estimates as AI demand fuels growth
Aug 12 : Nebius Group surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud services helped the company win larger contracts and raise prices for computing capacity, sending its shares up 12 per cent in premarket trading.The Amsterdam-based AI infrastructure
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GlobalFoundries tops second quarter estimates on AI chip demand
Aug 5 : GlobalFoundries reported second-quarter revenue above Wall Street estimates on Wednesday, as growing demand for its chips used in data centers boosted sales.• GlobalFoundries makes specialty chips for communications, data centers, automotive, industrial and consumer electronics companies.•
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Samsung Electronics launches next-generation AI memory technology
Aug 4 : Samsung Electronics introduced a new generation of artificial intelligence memory technology on Tuesday, seeking to reinforce its chipmaking lead in the booming AI market.The world’s largest memory chip manufacturer chose this year’s Future of Memory and Storage (FMS) conference in Santa Clara, Califo
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