Results for: Data Center

AMD CEO Lisa Su expressed a bullish outlook for the company’s position in the burgeoning AI market, predicting a $500 billion total addressable market for data center AI by 2028. She emphasized the continuous evolution of AI compute technology, which will lead to smarter and more sophisticated AI models. While acknowledging the complex nature of the evolving technology, Su highlighted AMD’s progress in the AI space, particularly with inference capabilities. This optimistic stance comes as AMD faces strong competition from NVIDIA, but industry experts like CNBC’s Jim Cramer believe that AMD will continue to see significant growth in the AI market.

AMD’s third-quarter earnings report showed strong growth in the data center and AI segments, but the company’s fourth-quarter guidance came in below expectations. Despite the mixed signals, analysts remain optimistic about AMD’s long-term AI growth potential and its ability to gain market share against Nvidia. The key takeaway: AMD is making significant strides in AI, with an anticipated $5 billion in revenue from the sector this year alone.

Intel is set to report its third-quarter earnings on October 31st, with analysts predicting results in line with expectations despite challenges in the data center sector. Despite some signs of improvement, Intel’s struggle to keep pace with the AI boom and concerns about its future roadmap continue to weigh on the company.

KKR & Co. Inc. (KKR) and Energy Capital Partners (ECP) have announced a strategic partnership worth $50 billion to address the surging demand for data centers and power infrastructure, driven by the growth of AI and cloud computing. This collaboration combines KKR’s expertise in digital infrastructure and energy with ECP’s platform in electrification, power, and renewable energy. The partnership aims to deliver large-scale data center and power solutions tailored to the needs of hyperscalers and other market participants.

Advanced Micro Devices (AMD) reported strong third-quarter financial results, exceeding revenue estimates driven by robust growth in the data center segment. While gaming revenue saw a decline, AMD anticipates continued growth across various business segments, particularly in data centers and client computing.

CoreWeave, a leading cloud computing company, is building its first data center in New Jersey, a $1.2 billion investment that will transform a former lab and manufacturing facility into a state-of-the-art hub for artificial intelligence and data processing. The project, a collaboration with Onyx Equities, Machine Investment Group, and PSE&G, marks a significant milestone in New Jersey’s burgeoning AI ecosystem and promises to create numerous job opportunities and economic growth.

Rambus has launched a groundbreaking new memory interface chipset for Gen5 DDR5 RDIMMs and MRDIMMs, aiming to enhance performance and scalability for demanding data center and AI applications. The chipset, featuring both RDIMM 8000 and MRDIMM 12800 options, promises unparalleled bandwidth and memory capacity, enabling flexible server configurations for next-generation computing.

Core Scientific Inc (CORZ) saw its shares rise after announcing that CoreWeave, an AI hyperscaler, exercised its final option for a 200 megawatt (MW) hosting contract. This move will see Core Scientific expand its infrastructure to deliver an additional 120 MW of IT load, hosting CoreWeave’s Nvidia GPUs. The expansion is expected to significantly boost Core Scientific’s revenue and position it as a leading data center player in the rapidly growing high-performance computing (HPC) market.

Sterlite Technologies (STL) is challenging the European Commission’s anti-dumping duty on optic fiber imports from India while simultaneously investing in its Italian facility to improve efficiency and competitiveness. Despite the duty, STL is optimistic about its global expansion, particularly in the US and Europe, driven by growing demand for fiber optic cables. The company is also capitalizing on the burgeoning Indian data center market and aims to achieve top-three global ranking in the optic fiber manufacturing sector.

Sterlite Technologies (STL) has announced its entry into the burgeoning AI-driven data centre market, showcasing its integrated offerings at the India Mobile Congress 2024. The company’s portfolio, featuring optical cables, connectivity, and interconnect solutions, was inaugurated by India’s Telecom Minister, Shri Jyotiraditya Scindia. This development marks a significant step forward in India’s technological landscape, aligning with the country’s ‘Make-in-India’ initiative.