Corvex, Inc. announced plans to increase its critical IT power capacity from 1.5 MW to approximately 8 MW by the end of 2026, with potential to scale to over 20 MW by 2027. This expansion includes doubling capacity at its Mid-Atlantic data center and launching a new Midwest site, supporting around 3,000 latest-generation GPUs. The company secured $33 million through a private placement to fund these expansions and expects to start generating revenue from the new capacity in early 2027. Corvex aims to meet growing AI infrastructure demand with scalable, secure GPU services and is developing its Token Factory and Assured AI platforms to enhance performance and security.
Sandisk and Kioxia announced plans to invest over $31 billion in their memory manufacturing facilities in Japan. This investment represents about 60% of what they have spent there over the past 25 years, signaling a major expansion in their productio...
Amazon reported strong Q2 results with AWS growth accelerating to 37% and advertising revenue growing 26%, signaling robust business momentum. The company’s cloud backlog reached $496 billion, and its AI and chip units surpassed $25 billion annualize...
Hyperliquid, a decentralized perpetual futures exchange, has reached an open interest of $13.3 billion, surpassing the combined open interest of the next nine decentralized exchanges. This milestone highlights Hyperliquid's dominant position in the o...
Public Service Enterprise Group (PSEG), a New Jersey-based utility with a $36 billion market cap and about 13,000 employees, has increased its dividend for 15 consecutive years. The company's 10-year dividend growth rate is 4.9%, reflecting steady bu...
XRP is expected to rally in September, defying the usual seasonal crypto market downturn. Historical data since 2018 shows XRP has averaged a 12.19% gain in September, outperforming Bitcoin's typical correction. This bullish outlook is supported by s...
