Crusoe, a data center developer focused on AI infrastructure, raised $3.9 billion in a Series F funding round, boosting its valuation to $30.9 billion. The funding will support existing large-scale projects like the Abilene, Texas site used by OpenAI, and new modular AI data centers called Spark, which can be quickly deployed and avoid local opposition. Crusoe’s business model includes leasing space, renting GPUs, and selling AI compute power, attracting major clients like Meta, Microsoft, and Oracle. The company is also considering an IPO soon, following a $13 billion cloud contract with Jane Street.
Oracle shares surged 5.14% to USD 150.60 on Pluang as of Sep 18, 2026 06:21 WIB, reflecting strong investor interest possibly linked to AI infrastructure growth like Crusoe's new data centers. Meta and Microsoft also gained modestly, up 1.13% and 1.20% respectively, with Meta at USD 680.95 and Microsoft at USD 496.16. These tech giants, clients of Crusoe, continue to show steady market activity amid expanding AI investments.
Meta Platforms delivered strong third-quarter results with over 26% year-on-year revenue growth and solid earnings. The company launched Muse AI, signaling a strategic shift toward agentic AI and workflow optimization, which may help diversify its bu...
AMD's stock has experienced sharp declines recently despite a 50% revenue increase and large AI accelerator commitments from major clients like OpenAI and Meta. The company’s Data Center segment, now 58% of revenue, grew 107% in Q2, with expectations...
Wall Street is pressuring AI companies Anthropic and OpenAI to proceed with their IPOs soon due to fears of a left-wing Democratic takeover of Congress after the November elections. Investors worry that Democratic Socialists could trigger prolonged h...
Meta has introduced a new class of non-voting stock, Class C, allowing shareholders ownership without voting rights. This move helps CEO Mark Zuckerberg maintain control while raising capital and paying for acquisitions, including AI investments. Imp...
Meta Platforms, Inc. is reaffirmed as a Strong Buy due to strong adoption of its Muse AI and attractive valuation after recent stock declines. The company's core advertising business remains solid, with a 22.5% year-over-year increase in family avera...
