Initial market cap of $2.8 billion

Shares drop as spending increases, and free cash flow falls

Cloud sales boom as company ramps up data center buildout

Expects to energize up to 8GW of data center load in the Greater Houston area by 2029

Driven by AI growth, the 11th consecutive growth quarter

The Union says its ‘AI gigafactory’ project will unlock at least €20 billion in private investment

DigitalBridge-owned firm sells stake in campus to GLIL Infrastructure

Umesh Padval, managing partner of Seligman Ventures, will also join the company’s board

Startup claims more than 120 chip companies have already deployed its platform

Company says its memory business set “an all-time high for quarterly revenue and operating profit” in Q2

Despite chip designer's bullish outlook, total revenue for Q1 2027 was down on the last quarter

Has now raised $4bn, the most of any fusion company

AI customer to lease up to 3.8MW at 60 Hudson in NYC

Agreement has seen Department of Commerce take a one percent stake in the chipmaker

APAC operator attracting attention as Bain looks to sell stake

Site available for $1.1m, pitched as ready for conversion to data center

Covers Louisiana, Texas, and Alabama, as Fastwyre continues to sell off operations

Eaton Fiber is supporting Verizon's fiber build-out

Will see the Japanese giant take over the rural US ISP

The carrier has already put some of this spectrum to use

Deal could be reached in H2 2026

Will offer 1GW of compute capacity

Planning initial deployment of 10MW

Ilya's AI lab had been using Google TPUs