Portland General Electric requested regulatory approval Wednesday for a 29% rate increase for heavily loaded data center customers while also proposing rate cuts for residential and commercial customers, implementing the new Oregon POWER Act. If approved by the Oregon Public Utilities Commission, June 10 is the expected date for the new rates to take effect….
Hut 8 (NASDAQ: HUT) said its subsidiary Beacon Point DC LLC priced $4.25 billion of 6.129% senior secured notes due Nov. 30, 2042, to finance its Beacon Point data center project in Nueces County, Texas. The notes were priced on Thursday, June 4, 2026 and are expected to close on June 9, subject to market…
As artificial intelligence (AI) transforms workplaces around the world, most people are asking the same question: What skills will still be important when AI can do so much? According to Lisa Su, CEO of Advanced Micro Devices (AMD), the answer is not simply learning how to use artificial intelligence tools. Su recently told graduates on…
The artificial intelligence (AI) playbook is already familiar: build a larger GPU cluster. Add more Blackwell chips. Throw more electricity at the problem. If the chips get hot, build the data center next to a river. If you run out of bandwidth, put in more copper. This is how Amazon, Alphabet, microsoftand Metaplatforms They’re solving…
Quick reading Intel (INTC) has existing U.S. manufacturing plants, decades of semiconductor experience, tens of thousands of engineers and deep ties to Washington — assets that could accelerate construction of a planned $122 billion SpaceX semiconductor factory much faster than building new facilities from scratch. Nvidia’s (NVDA) data center revenue rose 92% year over year…
Modine Manufacturing (MOD) rose approximately 5% after earnings, but the bigger story may be what management revealed about the growing tension within AI data center buildouts. CEO Neil Brinker described cooling infrastructure as a mission-critical part of the AI ​​expansion cycle, and “Hyperscalers are racing to secure the cooling capacity needed to support next-generation AI…
The latest data shows that the US construction market is moving away from the rapid growth seen after the pandemic and entering a more selective expansion phase, where increased activity in infrastructure, energy and data center projects is helping to balance weaker performance in several commercial real estate segments. As reported by the US Census…
A $10 billion data center campus in Lebanon, Indiana, will employ about 300 people once it is operational. The Meta facilities, the company announced in February, will represent more than $10 billion in regional investment. At peak construction, the project is expected to generate more than 4,000 construction jobs. Once operational, the campus will generate…
Jacobs was awarded a contract by Hut 8, an energy infrastructure company, to provide engineering, procurement and construction management (EPCM) services for a new artificial intelligence (AI) data center in Texas, US. The deal follows Jacobs’ existing EPCM role at Hut 8’s River Bend campus in Louisiana. The new site, known as Beacon Point, is…
Quick reading Applied Optoelectronics (AAOI) shares rose on strong Q1FY26 earnings, indicating 51% year-over-year revenue growth driven by demand for 800G transceivers for AI data centers. Lumentum (LITE) shares rose as the company’s fiscal third-quarter guidance projects more than 85% year-over-year growth, extending a historic rally in optical networking components. Coherent (COHR) stock rallied on…
