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Cipher Digital (NASDAQ: CIFR) Prices $810M Senior Secured Notes to Fund Stingray AI Data-Center Facility

Cipher Digital (NASDAQ: CIFR) priced a substantial senior secured debt offering through its Stingray Compute subsidiary, raising $810 million at an interest rate of 6.00% per annum with maturity in 2031. The notes were priced at a slight discount to par and are expected …

Nitish Kishor | 12 June 2026

IREN (NASDAQ: IREN) AI Cloud Revenue Surges Over 140% Quarter-on-Quarter as Bitcoin Mining Business Fades

IREN (NASDAQ: IREN) reported AI Cloud Services revenue growth exceeding 140% on a sequential basis in its most recent quarter, with the segment expanding from approximately $7 million to $17 million. The result provides the first substantial commercial evidence that the company's pivot from …

Nitish Kishor | 12 June 2026

Alphabet (NASDAQ: GOOG) Declines Trump Administration's $2B Quantum Computing Program Citing Operational Constraints

Alphabet (NASDAQ: GOOG) revealed the rationale behind its decision to decline participation in the Trump administration's $2 billion quantum computing funding programme, with a senior executive stating that attached conditions would have constrained the company's ability to advance quantum research at its required pace.

Nitish Kishor | 12 June 2026

Arm Holdings (NASDAQ: ARM) Price Target Raised to $335 by BofA as Agentic AI Demand Reshapes Chip Architecture

Bank of America raised its price target on Arm Holdings (NASDAQ: ARM) to $335 from $245, representing an increase of more than one-third and implying continued upside from mid-2026 trading levels. The revision reflects a more constructive view of ARM's role in the next …

Nitish Kishor | 12 June 2026

iShares Semiconductor ETF (NASDAQ: SOXX) Surges Nearly 80% in 2026 as AI Chip Stocks Rerate Across the Board

The iShares Semiconductor ETF (NASDAQ: SOXX) has delivered returns of approximately 79% in 2026, establishing it as one of the strongest-performing sector ETFs of the year. The rally reflects a broad-based rerating of AI chip stocks driven by sustained capital expenditure from hyperscale cloud …

Nitish Kishor | 12 June 2026

Bank of America Raises Server CPU Market Forecast to $170B, Names Nvidia (NASDAQ: NVDA) Top Semiconductor Pick

Bank of America sharply revised its estimate for the global server CPU market to more than $170 billion, up from a prior projection of $125 billion, citing the emergence of agentic AI as the most powerful new driver of semiconductor infrastructure demand. The revision …

Nitish Kishor | 12 June 2026

Amazon (NASDAQ: AMZN) Discloses 2.5 Billion Gallon Annual Water Consumption Across Global Data-Center Portfolio

Amazon (NASDAQ: AMZN) publicly disclosed the total volume of water withdrawn annually across its data-center operations, entering a politically sensitive debate over the environmental footprint of cloud computing with efficiency data the company argues demonstrates industry-leading performance. The disclosure covers owned and leased facilities …

Nitish Kishor | 12 June 2026

Amazon (NASDAQ: AMZN) Launches Alexa+ Across Canada in French and English, Expanding AI Assistant Footprint

Amazon (NASDAQ: AMZN) launched its upgraded Alexa+ AI assistant service across Canada, offering full functionality in both French and English. The expansion makes Canada one of the first markets outside the United States to receive the enhanced assistant, with availability at no additional charge …

Nitish Kishor | 12 June 2026

Advanced Micro Devices (NASDAQ: AMD) Earns First Citi Buy Rating as Data-Center Demand Shifts Wall Street Outlook

Advanced Micro Devices (NASDAQ: AMD) received a long-awaited Buy rating from Citi, representing the most constructive stance the brokerage has taken on the chipmaker after a period of cautious, wait-and-see assessments. AMD stock rose in response, reflecting the market's sensitivity to institutional analyst upgrades …

Nitish Kishor | 12 June 2026

Intel (NASDAQ: INTC) Receives Rare Double Upgrade From BofA as Agentic AI Reshapes CPU Demand Landscape

Intel (NASDAQ: INTC) received a double-tier rating upgrade from Bank of America to Buy, an uncommonly aggressive action that signals a fundamental shift in the brokerage's assessment of the chipmaker's growth prospects. INTC stock surged in response, extending one of the strongest year-to-date performances …

Nitish Kishor | 12 June 2026
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