Oracle and BorderPlex Digital Assets launched Project Jupiter to supply Oracle's New Mexico AI data center campus with Bloom Energy fuel cells. The project shifts the campus away from gas turbines and diesel to a single microgrid powered primarily by on site fuel cells. This marks Oracle's first major move to center clean, on site power at scale for an AI data center campus. Oracle (NYSE: ORCL) is...
Oracle and BorderPlex Digital Assets launched Project Jupiter to supply Oracle's New Mexico AI data center campus with Bloom Energy fuel cells. The project shifts the campus away from gas turbines and diesel to a single microgrid powered primarily by on site fuel cells. This marks Oracle's first major move to center clean, on site power at scale for an AI data center campus. Oracle (NYSE: ORCL) is putting energy infrastructure at the center of its AI data center build out with Project...
The European Central Bank will need to raise borrowing costs in June as long as there’s no significant improvement in the outlook for consumer prices, Governing Council member Joachim Nagel said. While it was prudent to not tighten monetary policy last week to gain greater clarity on the fallout from the Iran war, this “vigilant wait-and-see approach should not be confused with hesitation,” the Bu...
The European Central Bank will need to raise borrowing costs in June as long as there’s no significant improvement in the outlook for consumer prices, Governing Council member Joachim Nagel said. While it was prudent to not tighten monetary policy last week to gain greater clarity on the fallout from the Iran war, this “vigilant wait-and-see approach should not be confused with hesitation,” the Bundesbank president said Monday in Frankfurt. Referring to new ECB projections available next month — alongside more news on the situation in the Middle East — he said that “if the inflation outlook does not improve markedly in those projections, this would argue for an interest-rate hike,” echoing comments from last week. “We are aware of the risks to price stability and stand ready to act at any time,” Nagel said. “The Governing Council has proven that it acts decisively when necessary.” The ECB last Thursday kept borrowing costs unchanged while signaling that a rate increase will be considered at the June 10-11 meeting. That’s in line with economists ’ and investors ’ expectations, with the latter seeing two moves beyond that before year-end. Speaking earlier Monday, Nagel’s Slovak counterpart Peter Kazimir struck a similar tone, arguing that a rate increase is “ all but inevitable .” Others, however, were more cautious, with Greece’s Yannis Stournaras describing the risk of a recession as “real.” A much weaker economy could alleviate dangers that the energy shock spills over into broader inflation through wages and selling prices. Nagel said Monday that the ECB can’t prevent the sharp rise in energy costs, but can influence the medium-term trajectory of price growth. “The longer the conflict drags on, the greater the risk that inflation will remain elevated if monetary policy does not take action,” said Nagel, who highlighted March’s rise in medium-term consumer inflation expectations to 3% from 2.5%. ECB Rate Hike in June Is ‘All But Inevitable,’ Kazimir Says ECB Offici...
Over the long term, stocks tend to rise in price. But these long periods of growth are usually interrupted by market corrections , which are temporary drawdowns of over 10%. Let's discuss some reasons why the Nasdaq Index looks overdue for one of these dips and discuss strategies investors can use to make the most of the situation. In late February, the US and Israel commenced military strikes on ...
Over the long term, stocks tend to rise in price. But these long periods of growth are usually interrupted by market corrections , which are temporary drawdowns of over 10%. Let's discuss some reasons why the Nasdaq Index looks overdue for one of these dips and discuss strategies investors can use to make the most of the situation. In late February, the US and Israel commenced military strikes on Iran, a nation responsible for around 4% of the world's oil supply. The war is having a profound impact on the energy markets, which could have knock-on effects throughout the global economy and financial markets. For stock market investors, the biggest challenge will be potential stagflation. These are periods of slow growth and rising prices that historically followed other Middle Eastern supply shocks, such as the 1973 OPEC oil embargo and the Iranian Revolution in 1979. Back then, higher energy costs reduced the amount of money consumers were able to spend on other things, which hurt corporate earnings and margins. Continue reading
Sundry Photography Cisco Systems' ( CSCO ) Silicon One portfolio, which houses its networking silicon architecture, is “underappreciated” by investors and could drive both revenue and margin growth, investment firm Evercore ISI said. Looking three to four years out, Cisco could generate $12B or more in revenue from Silicon One, with roughly $7B to $8B coming from sales, and another $5B to $7B of o...
Sundry Photography Cisco Systems' ( CSCO ) Silicon One portfolio, which houses its networking silicon architecture, is “underappreciated” by investors and could drive both revenue and margin growth, investment firm Evercore ISI said. Looking three to four years out, Cisco could generate $12B or more in revenue from Silicon One, with roughly $7B to $8B coming from sales, and another $5B to $7B of optics layered on top, analyst Amit Daryanani wrote in a note to clients. Additionally, those sales could boost Cisco's long-term growth, adding another 300 to 500 basis points, incremental to Cisco's mid- to high single-digit growth, Daryanani added. Daryanani added that with hyperscaler capex spending likely to hit $900B (or more) by 2027, spending is likely to shift towards “back-end networking and scale-across architectures where Cisco is now more competitive as customers look to diversify suppliers and optimize network performance.” The analyst has an Outperform rating and upped his price target on Cisco to $110 from $100. Other potential positives from Silicon One include a long-term boost to margins (perhaps as much as 200 basis points by fiscal 2029) and added design wins, with companies such as Microsoft ( MSFT ) and Meta ( META ) already mentioned. “Silicon One lowers the bar for Cisco to drive meaningful upside as participation alone is enough to support sustained double-digit growth, improved margin structure, and a re-rating of the Networking business toward higher-quality peers as AI becomes a larger portion of [the] mix,” Daryanani explained. More on Cisco Cisco: The AI Top-Line Boom Can't Hide The Free Cash Flow Problem Cisco Remains A Buy As AI Tailwinds Broaden Cisco: The Stock Is Building 'Cause' While Fundamentals Pivot To AI Networking And Campus Refresh Sell in May? Hard to make the case with this kind of AI momentum Cisco unveils quantum switch prototype to connect disparate systems
luza studios/E+ via Getty Images IREN ( IREN ) was trading higher as the large-scale data centers and GPU clusters company announced the successful energization of its 1.4 GW Sweetwater 1 data center site in Texas. The move ramps up power delivery in line with the phased construction and commissioning of data centers at the site. Shares were +8.98% to $49.76 during Monday afternoon trading. The en...
luza studios/E+ via Getty Images IREN ( IREN ) was trading higher as the large-scale data centers and GPU clusters company announced the successful energization of its 1.4 GW Sweetwater 1 data center site in Texas. The move ramps up power delivery in line with the phased construction and commissioning of data centers at the site. Shares were +8.98% to $49.76 during Monday afternoon trading. The energization marks the connection of the site's high-voltage substation to the ERCOT grid, with the move bringing grid-connected capacity online and reducing time-to-compute for customers. The news comes as power remains one of the primary constraints on AI infrastructure deployment. "It is another example of our ability to design and construct large-scale infrastructure reliably and at speed to meet market demand," said Co-founder and Co-CEO Daniel Roberts. The company is executing a strategic transition from a Bitcoin mining company to a diversified AI and high-performance computing data center infrastructure provider. More on IREN Limited IREN Limited: The Moat Has Shifted; It's No Longer A Mining Story IREN: I Am Still Bullish Despite The Prove-It Phase IREN: Hyperscaler Ambitions Vs. $6 Billion Dilution Risk IREN dips 8% ahead of Q3 results—can AI shift offset mining losses? Block sees lowest interest from short sellers in March among crypto firms with over $2B market cap
Medline (Nasdaq: MDLN) announced that its cloud-based, AI-powered supply chain technology called Mpower™ is now available to help healthcare providers anticipate and respond to potential disruptions before they impact patient care. Built in collaboration with Microsoft and developed with direct input from health systems across the country, Mpower represents a significant step forward in modernizin...
Medline (Nasdaq: MDLN) announced that its cloud-based, AI-powered supply chain technology called Mpower™ is now available to help healthcare providers anticipate and respond to potential disruptions before they impact patient care. Built in collaboration with Microsoft and developed with direct input from health systems across the country, Mpower represents a significant step forward in modernizing healthcare supply chain decision-making.