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DTST News30 articles
Micron's Data Center Earnings Surge to $20.3 Billion Amid Korean Supply Threat
Micron's data center units generated $20.3B in operating income, 2.2 times last year's quarterly revenue, as Korean rivals announce massive expansion plans.
Abivax Shares Surge on Improved Safety Data for Ulcerative Colitis Drug
Abivax shares rallied 35.77% in Paris after updated safety data showed malignancy rates for obefazimod fell within expected ulcerative colitis background levels.
Abivax ADS Surges 29% on Obefazimod Safety Data, Paris Trading Expected to Catch Up
Abivax ADS surged nearly 30% after hours on positive safety data for obefazimod, adding $2.26B in market value. Paris shares are expected to open higher Wednesday.
Honeywell Aerospace Debuts as $72B Spin-Off, Data-Center Doubts Loom
Honeywell Aerospace started trading as a $72 billion spin-off, joining the S&P 500 and S&P 100 on day one, as data-center demand uncertainty weighs on the sector.
Tesla shares slip as Q2 delivery data shows reliance on Model 3/Y
Tesla shares closed down 5.2% for the week as Q2 delivery consensus shows growth driven entirely by Model 3/Y, with other models declining.
Amazon Stock Rises on Prime Day Data, AWS Price Hike in Focus
Amazon shares gained 2.5% Friday on heavy volume, but the stock is still down 4.8% from June 18. Prime Day sales rose 9.3% to $26.4B, while AWS will raise AI compute prices by 20% in July.
American Airlines Soars on Jet Fuel Price Drop Ahead of Q2 Data
American Airlines shares jumped 11.8% last week as jet fuel prices dropped to $2.80/gallon, far below the company's Q2 planning assumption of $4.00, raising optimism for a stronger earnings report.
Amphenol Stock Holds Steady Amid AI Data Center Volatility Ahead of Q2 Earnings
Amphenol (APH) ended the week nearly flat at $163.72 after a volatile session, with analysts eyeing a $185.30 target ahead of Q2 earnings on July 29.
Tech Selloff Deepens as Chip Index Plunges 5.3%; Jobs Data in Focus
The PHLX chip index fell 5.3% Friday and 7.9% for the week, overshadowing broader market gains. Tech funds lost nearly $20 billion as rising memory costs hit Apple and others. June payrolls data is due Thursday.
MARA Stock Surges as Focus Shifts to Long Ridge Power Data
MARA surged 6.6% to $14.79 after a filing showed Long Ridge's Q1 adjusted EBITDA of $25.4 million, with Citizens initiating coverage at Outperform and a $24 target.
Qualcomm Stock Surges $16 Billion on Upbeat Data Center Revenue Forecast
Qualcomm shares jumped 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 data center revenue target to over $15 billion. The stock later gave back much of its early gains.
Micron's Record Revenue Propels Nasdaq Futures Higher Ahead of PCE Data
Nasdaq 100 futures rise 2.15% driven by Micron's strong earnings and AI chip demand. Markets eye PCE data and Q1 GDP for further direction.
Alibaba Stock Plunges 4.4% on Anthropic's Massive AI Data Theft Allegations
Alibaba (HKG:9988) lost 4.43% to HK$95.00, erasing HK$88 billion, after Anthropic alleged Alibaba-linked groups conducted 28.8 million illicit Claude AI exchanges, intensifying US security scrutiny.
Opendoor Rises Ahead of Russell 3000 Inclusion Amid Housing Data Woes
Opendoor shares rose 1.9% ahead of its Russell 3000 index addition, though soft housing data and volume near average tempered enthusiasm. The company faces margin challenges amid a weak new-home-sales report.
Qualcomm Targets $15B Data Center Revenue, Shares Surge 12%
Qualcomm shares surged over 12% after hours after setting a $15 billion fiscal 2029 data center revenue target, with Microsoft and Meta adopting its new AI chips.
Absci Surges on Positive Phase 1 Data for Hair Loss Drug and $100M Capital Raise
Absci shares soared 35% to $10.01 after early Phase 1 safety data for its hair-loss antibody ABS-201 showed no serious adverse events, and the company raised $100 million in a stock offering.
Rocket Companies Soars on Mortgage Demand Uptick; Redfin Data Shows Home Price Stability
Rocket Companies (RKT) jumped 13.5% after mortgage applications rose 1% and refinancing demand increased 3%. Redfin data showed home prices edged up 0.3% in May, but a 7.3% drop in new-home sales highlights ongoing housing risks.
Wall Street Edges Higher Ahead of Micron Earnings and Key Inflation Data
US stocks opened higher on Wednesday, with the S&P 500, Nasdaq, and Dow all in positive territory, as investors focused on Micron Technology's earnings due after the bell and ahead of key inflation data.
Hyperscale Data Surges on $1.2 Billion AI Compute Deal
Hyperscale Data shares jumped 6.4% after announcing a 10-year, $1.2 billion AI compute deal at its Michigan campus, with potential revenue exceeding $3 billion if expanded.
FuelCell Energy Jumps 16% Pre-Market on 380 MW Data Center Deal with Fit Energy
FuelCell Energy shares jumped 16% pre-market on a deal to supply Fit Energy with up to 380 MW of on-site power for data centers, starting with a 30 MW phase this year.
Keel Infrastructure Slips After Rally, Awaiting Key Data-Center Leases
Keel Infrastructure shares fell pre-market after hitting a 52-week high, as the market weighs the Russell 3000 addition and convertible note offering against declining revenue and unsigned data-center leases.
Keel Infrastructure Hits 52-Week High on AI Data Center Hopes
Keel Infrastructure Corp. shares rose 5.9% to a 52-week high, driven by AI data center lease potential, with key catalysts including permits, construction, and index inclusion.
Dominion Energy Navigates $67 Billion Data Center Demand and NextEra Deal
Dominion Energy shares hover near a 52-week high as investors weigh surging Virginia data-center power demand and the pending NextEra takeover, with the stock closing at $68.04.
Bloom Energy Stock Rallies on AI Data Center Power Demand
Bloom Energy stock rallies as AI data center power needs drive demand for on-site fuel cells, with Q1 revenue surging 130% and 2026 guidance raised.
SCHD Sees Inflows Surge During Dip, Data Discrepancy Raises Questions
SCHD pulled in up to $5.46B during a price dip, but flow trackers show a wide gap, raising questions about the true scale of dividend fund demand.
Caterpillar Secures Key Role in Microsoft-Chevron Data Center Power Project
Caterpillar shares rose 3% after Chevron selected its Solar Turbines unit for a major Microsoft data center power project, solidifying its AI energy play.
TSMC ADRs Rise as Market Awaits June Sales Data
TSMC's US-listed shares rose 1.5% to $468.85 early Monday, outperforming tech peers, as the market awaits June sales data that could validate Q2 guidance.
Keel Infrastructure's AI Data Center Pivot Faces Key Lease Test
Keel Infrastructure shares surged last week as the company shifts from bitcoin mining to AI data centers. With $458M in new notes and a 2.2 GW pipeline, the focus is on securing tenant leases.
PCE Data and Micron Earnings Set to Test AI-Driven Rally
The S&P 500 and Nasdaq approach record highs ahead of key May PCE inflation data and Micron earnings, which could influence Fed policy and the AI rally.
Chip Stocks Rally as Micron Earnings and Inflation Data Approach
Tech stocks edged higher in a holiday-shortened week, led by chip names. Intel jumped 10.6% after President Trump said Apple would work with Intel on U.S. chip design. All eyes are on Micron's earnings and key inflation data.