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iPower targets $21.9M annual AI services revenue with 5-year customer LOI

Market News
15 Oct 2026
GlobeNewsWire
View Source
Bullish
iPower targets $21.9M annual AI services revenue with 5-year customer LOI

iPower Inc. announced a non-binding letter of intent for a five-year AI equipment services deal, starting with 48 AI units and potentially expanding to 396 units in 2027. The deal could generate up to $21.9 million annually if fully realized, marking a strategic shift for iPower towards AI infrastructure and recurring service revenue. The agreement includes equipment operations, monitoring, and support, aiming to build a scalable AI services business. Terms are subject to final agreements and deployment timing.

iPower's new AI services deal is the focus here, with Pluang's Technology sector showing mixed performance. As of Oct 15, 2026 19:41 WIB, out of 150 priced US tech stocks on Pluang, 37 rose and 111 fell. Notable movers include Dell Technologies Inc (DELL) at USD 480.74, down 5.23% with a typical hold time of 57 days and 77% sell order activity; Credo Technology Group Holding Ltd (CRDO) at USD 170.18, down 5.05%, hold time 23 days, and nearly balanced sell/buy orders; and STMicroelectronics NV (STM) at USD 44.57, down 4.97%, hold time 65 days, with 98% sell orders.

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