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Management attributes solid performance to a fundamental shift in operational discipline and financial execution, moving closer to customers and communities to drive reliability.
Total forecasted data center demand surged 30% since Q1 to approximately 25 gigawatts, representing roughly 70% of the company's July system peak load.
The company is positioning West Virginia as a key growth engine, utilizing its status as a vertically integrated utility to offer 'one-stop shop' generation and transmission solutions.
Operational improvements in New Jersey have resulted in a 38% year-over-year increase in reliability, which management believes provides a constructive foundation for upcoming rate filings.

#management #operational #NVIDIA #total

Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Performance was driven by strong rate recovery from capital trackers and O&M efficiencies in vegetation management, offsetting milder weather impacts in Texas and Indiana.
The company identified 14 gigawatts of large load projects eligible for ERCOT's 'batch zero' process, representing a 65% increase over Houston Electric's current system peak demand.
Management increased the 10-year capital plan by $1.2 billion, primarily to support modest system upgrades for large load connections and the Downtown Houston revitalization project.
The Houston Electric system's existing 10 gigawatts of hosting capacity allows for efficient load connection at a disciplined cost of less than $60 million per gigawatt.

#capital #gigawatts #system #tell

Advanced Micro Devices, Inc. (NASDAQ:AMD) and Core Scientific, Inc. (NASDAQ:CORZ) announced an infrastructure partnership on July 28 that starts with more than 500 megawatts of U.S. data center capacity in 2027 and can expand to 2.5 gigawatts.
The commercial link is a deployment bottleneck. AI accelerators cannot generate revenue without energized land, cooling, networking, and buildings designed for high-density racks. Core Scientific supplies that infrastructure, while the companies will jointly design facilities around AMD Instinct GPUs, EPYC CPUs, and ROCm software. For AMD, reserving compatible capacity can turn customer interest into installable systems rather than stranded chip demand, although the agreement discloses no GPU-purchase commitment.
For illustration purposes only. Photo by Brett Sayles on Pexels
The full 2.5 GW is not firm capacity. Core Scientific said the partnership is anchored by 15-year agreements for approximately 530 MW across five sites and more than $14 billion of potential base contracted revenue. That company estimate is not recognized revenue, and no disclosed GPU-purchase commitment lets investors translate it into AMD chip sales.
Advanced Micro Devices, Inc. (NASDAQ:AMD) will receive market-priced warrants to buy Core Scientific common stock, subject to commercial conditions. That feature aligns AMD with the infrastructure provider's execution and gives it potential equity upside. It may also dilute existing CORZ holders if warrants vest and are exercised, but the companies did not disclose enough terms to quantify that effect.

#scientific #infrastructure

Advanced Micro Devices, Inc. (NASDAQ:AMD) and Core Scientific, Inc. (NASDAQ:CORZ) announced an infrastructure partnership on July 28 that starts with more than 500 megawatts of U.S. data center capacity in 2027 and can expand to 2.5 gigawatts.
The commercial link is a deployment bottleneck. AI accelerators cannot generate revenue without energized land, cooling, networking, and buildings designed for high-density racks. Core Scientific supplies that infrastructure, while the companies will jointly design facilities around AMD Instinct GPUs, EPYC CPUs, and ROCm software. For AMD, reserving compatible capacity can turn customer interest into installable systems rather than stranded chip demand, although the agreement discloses no GPU-purchase commitment.
For illustration purposes only. Photo by Brett Sayles on Pexels
The full 2.5 GW is not firm capacity. Core Scientific said the partnership is anchored by 15-year agreements for approximately 530 MW across five sites and more than $14 billion of potential base contracted revenue. That company estimate is not recognized revenue, and no disclosed GPU-purchase commitment lets investors translate it into AMD chip sales.
Advanced Micro Devices, Inc. (NASDAQ:AMD) will receive market-priced warrants to buy Core Scientific common stock, subject to commercial conditions. That feature aligns AMD with the infrastructure provider's execution and gives it potential equity upside. It may also dilute existing CORZ holders if warrants vest and are exercised, but the companies did not disclose enough terms to quantify that effect.

#core #devices

Shares of neocloud infrastructure provider Nebius Group (NASDAQ: NBIS) shot up nearly 19% on July 21 after it emerged that Nvidia has a significant stake in the company.
According to a filing with the U.S. Securities and Exchange Commission (SEC), Nvidia has a 9.3% equity stake in Nebius, which amounts to just over $5 billion as of this writing. It is worth noting that Nvidia announced a $2 billion investment in Nebius in March this year to help the neocloud specialist deploy more than 5 gigawatts (GW) of artificial intelligence (AI) data center capacity by the end of the decade.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That investment has grown substantially. The AI stock has jumped over 67% since Nvidia announced it was backing Nebius on March 11. The good news is that Nebius still has significant upside potential, given the fast-growing AI data center market it serves. Let's see why this Nvidia-backed AI infrastructure specialist is destined to be a long-term winner.
Nebius provides dedicated AI data centers to customers looking to run AI workloads in the cloud. More importantly, the company operates an end-to-end AI cloud infrastructure platform by offering software solutions as well, enabling customers to build AI agents, fine-tune models, and develop applications, among other things.

#infrastructure #flashing

Local backlash and reliability concerns are challenging the vision of an AI boom built quickly using large off-grid data centers.
Why it matters: If giant projects stumble, trillions of dollars in AI investment and the industry's plans to rapidly expand data centers could be at risk.
The big picture: In an effort to speed AI development, some companies are building data centers powered mainly by onsite generation rather than waiting years to connect to the electric grid.
There are 59 data centers with a combined capacity of about 90 gigawatts that plan to build their own power "behind-the-meter" using sources like gas turbines, generators and fuel cells, according to a report from research firm Cleanview.
A smaller subset is trying to run large campuses mostly on behind-the-meter power as a way to move more quickly than the local utility and the grid can.

#centers #large #power

Following Advanced Micro Devices Inc.'s (NASDAQ:AMD) Advancing AI 2026 event in San Francisco, top technology ****** ysts are issuing aggressive price targets and bullish forecasts for the chipmaker.
Futurum Equities reiterated its Buy rating and raised its price target to $800—representing nearly 48% upside—declaring "AMD is one of our top convictions." At the same time, Moor Insights & Strategy chief ****** yst Patrick Moorhead highlighted projections indicating the server CPU market will surge past $200 billion by 2030.
Daniel Newman of Futurum Equities cited AMD's rapidly expanding hardware ecosystem and customer momentum following major keynote announcements. Key among them is a strategic 2-gigawatt deployment deal with Anthropic, bringing AMD's total committed accelerator deployments to 14 gigawatts.
Futurum models $38 billion in GPU revenue next year, accelerated by 6th Gen EPYC "Venice" CPUs and AMD Helios rackscale solutions, which deliver up to 30% more tokens per dollar than competitors. Newman noted AMD is well-positioned across an accelerator total addressable market reaching $1.4 trillion by 2030.
$AMD Futurum Equities reiterates Buy and ups PT to $800.

Top 5 takes from today's event by rolfbulk pic.twitter.com/GgpY2nzqtB

#futurum #newman #price #billion

It has been an up-and-down year for Iren (NASDAQ: IREN), but the stock of the neocloud operator surged 20% on July 20 after it announced $2.8 billion in new contracts. The stock has more than doubled over the past year, but has also been cut nearly in half from its highs.
The average weighted length of Iren's new contracts is four years and includes deals with hyperscalers, frontier labs, artificial intelligence (AI) developers, and enterprises. It also said that its recent arrangements include prepayments covering approximately 45% of the cost of the graphics processing units (GPUs) to be used in the deployments.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In addition to its new contract announcements, Iren also increased its year-end AI cloud computing annual revenue run rate outlook to more than $4 billion, up from a prior target of $3.7 billion. The company is expanding aggressively. A year ago, it had a capacity of 3 megawatts, and it's expected to bring that total to 480 megawatts in 2026 and 1.2 gigawatts in 2027. Despite its growth, it said demand continues to exceed its planned capacity additions.
Iren is one of a handful of former Bitcoin miners that have shifted their focus toward AI data centers. While at first this shift may seem like a red flag, it actually does make a lot of strategic sense.

#billion #total #Stock

Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) and Anthropic announced a strategic partnership on Wednesday that includes the deployment of up to 2 gigawatts of AMD's upcoming Instinct MI450 Series GPUs, a multi-year engineering collaboration, and a planned equity investment by AMD of up to $5 billion in the artificial intelligence startup.
Under the agreement, Anthropic plans to deploy up to 2 gigawatts of AMD Helios rack-scale solutions, with the first gigawatt expected to begin deployment in the first half of 2027. The systems will feature AMD Instinct MI455X GPUs, part of the MI450 Series, alongside AMD EPYC "Venice" CPUs, Pensando networking technology and ROCm software.
The deployment expands Anthropic's existing use of AMD Instinct MI355X GPUs as the AI company increases computing capacity to support growing demand for its Claude AI models.
The companies also announced a multi-year engineering collaboration focused on software development. Anthropic's Claude AI ****** istant will be used to optimize workloads for AMD Instinct GPUs and accelerate development of AMD's ROCm software platform. AMD also plans to adopt Claude more broadly across its engineering and product development teams.
In addition, AMD committed to make a strategic equity investment of up to $5 billion in Anthropic in the future.

#anthropic

OpenAI has raised its projected spending on computing infrastructure to around $750 billion through 2030, up from roughly $600 billion earlier this year, according to The Wall Street Journal. New deals with cloud-computing providers are driving the higher figure, as OpenAI continues its push to obtain the vast computing resources its AI models require.
On Wednesday, OpenAI said it would invest $20 billion to begin construction on a data center called Project Camellia in Effingham County, Georgia. Unlike its other facilities, where the company leases chip capacity from providers such as Oracle and Amazon Web Services, the Savannah Gateway Industrial Hub site marks OpenAI's first venture as the principal designer and builder of its own data center.
Sachin Katti, OpenAI's vice president of compute strategy, said the company has contracted with utility Georgia Power to receive 3.2 gigawatts of power between 2028 and 2032. OpenAI has already acquired the land for the project and is in the process of selecting a partner to build and operate the site, Katti said.
The company has also hired Brent Mayo, a key figure in building Elon Musk's xAI data center infrastructure, according to the Journal. After departing xAI earlier this year, Mayo had been instrumental in standing up that company's Colossus supercomputer campus in Memphis, where he managed the rapid procurement and commissioning of large-scale AI chip clusters. In the head of data-center build and delivery role, he will be responsible for keeping cloud partners on track with their construction timelines, while also contributing to the new Georgia facility. Mayo reports to Uday Ruddarraju, who was promoted this month to become OpenAI's chief technology officer of computing capacity.
The $750 billion projection represents the latest escalation in a spending trajectory that has drawn scrutiny inside the company. Chief Financial Officer Sarah Friar has privately raised concerns that OpenAI may not be able to honor future computing contracts if revenue growth does not keep pace with commitments. That came after Chief Executive Sam Altman stated publicly that OpenAI intended to spend $1.4 trillion on computing capacity, a figure that unsettled observers; Friar subsequently stepped in to correct the record, telling investors the actual projected outlay through 2030 was approximately $600 billion.

#computing #center #company

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BlackRock's Global Infrastructure Partners, United Arab Emirates-based technology investment firm MGX and buyers under the umbrella of the Artificial Intelligence Infrastructure Partnership have closed an acquisition of data center developer Aligned Data Centers valued at $40 billion.
The new buyers will purchase 100% of the equity in Aligned Data Centers, which owns over 6.4 gigawatts of operational and planned data center capacity, from Macquarie **** et Management, according to a Tuesday release.
The deal was first announced in October, also at a $40 billion valuation. BlackRock, Microsoft and Nvidia, along with MGX and GIP, launched the AI Infrastructure Partnership in September 2024 with the goal of investing in next-generation AI infrastructure.
The AI Infrastructure Partnership was established to initially mobilize $30 billion to scale AI and data technology and infrastructure. The acquisition of Aligned Data Centers represents AIP's first investment, according to a July 21 press release.

#centers #daily #technology

With a market cap of $91 billion, Constellation Energy Corporation (CEG) is the world's largest private-sector power producer, with 55 gigawatts of generating capacity across nuclear, natural gas, oil, geothermal, hydro, wind, and solar energy sources. As the largest producer of clean and reliable energy in the United States, the company powers the equivalent of 27 million homes, serves approximately 2.5 million customer accounts nationwide, and is committed to advancing a sustainable, secure, and innovative energy future.
The Baltimore, Maryland-based company is slated to announce its fiscal Q2 2026 results before the market opens on Thursday, Aug. 6. Ahead of this event, ******* ysts expect CEG to report an adjusted EPS of $2.24, a 17.3% rise from $1.91 in the year‑ago quarter. It has exceeded Wall Street's earnings expectations in three of the past four quarters while missing on another occasion.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars

#earnings #ahead #high

Advanced Micro Devices (AMD) hosts its Advancing AI event in San Francisco on July 22-3, and Jefferies expects a busy day. ******* yst Blayne Curtis, who has a "Buy" rating and a $615 price target, thinks AMD will raise its estimate of the total market for its processors past $200 billion. He expects fresh details on the MI500 chips due after the current generation. The part investors will be keen on watching is the customer list. The ******* yst believes Microsoft (MSFT) is signed up for the MI450. There are also growing talks of a deal with Anthropic, which has reportedly been hiring engineers familiar with AMD's software.
The reason a new customer matters so much comes down to how AMD won the last two. To land OpenAI and Meta Platforms (META), each committing to six gigawatts of chips, AMD handed both companies warrants to buy up to 160 million shares. Combined, AMD has promised away about a fifth of itself to secure those orders.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars

#earnings #customer

July 21 (Reuters) - A consortium backed by BlackRock and Abu Dhabi-based fund ‌MGX said on Tuesday it has ‌committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion acquisition of one of the world's biggest data center operators.
The investor group agreed last ‌year to buy ⁠Aligned from Australian **** et manager Macquarie **** et Management, as it seeks ⁠to secure computing capacity for AI.
Founded in 2013, the Texas-based company builds and operates data centers for hyperscalers and cloud computing companies. ‌It has 51 data center campuses and more than 6.4 gigawatts of operational and planned capacity globally.
Andrew Schaap, chief executive of Aligned Data Centers since 2017, will ‌continue to lead the company.
The group aims to deploy $30 billion of equity capital initially, with the ‌potential of reaching $100 billion, including debt.

#capital

Bloom Energy (NYSE: BE) stock snapped out of its recent slump this morning, jumping 14% as of 12:05 p.m. ET Tuesday.
While shares of the fuel cell maker had taken a breather in recent weeks following its massive 248% run in the first half of 2026, at least one ***** yst believes now's the time to buy, predicting shares could surge another 75% from current levels.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In a fresh note to investors, JP Morgan ***** yst Mark Strouse raised Bloom Energy stock's price target to $346 per share from $267 a share. That's an almost 75% upside from the stock's Monday closing price.
Strouse projects Bloom Energy could deliver 4.1 gigawatts (GW) of fuel capacity in fiscal year 2030, driven by aggressive demand from tech companies desperate for immediate, off-grid power to start their data centers.

#first

July 13 (Reuters) - Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, ‌with investment in the project increasing to more than $50 billion.
The planned ‌data center, known as Hyperion, was earlier projected to deliver more than 2 gigawatts of compute capacity to support training of large language models, the technology behind tools such as ChatGPT.
Here are some details:
• The announcement comes as environmental and consumer groups increasingly push back against the energy-intensive buildout.
• U.S. environmental law group Earthjustice's request ‌to investigate the financing ⁠of Meta's Louisiana data center project was denied earlier this year.

The American power grid is about to fail the most important industry it has ever been asked to support.
In fact…the dominoes in this potentially disastrous scenario have already begun to fall. Large companies that right now depend heavily on the grid are making behind-the-scenes moves that are key to understanding what's about to happen next.
Microsoft just signed a 20-year deal to restart the Three Mile Island nuclear plant, a facility that has been offline since 2019. Amazon paid $650 million for a single data center campus to co-locate directly with the Susquehanna nuclear station in Pennsylvania. Google signed agreements with Kairos Power for small modular reactors. Meta has issued a request for proposals seeking up to 4 gigawatts of new nuclear capacity.
These are the most valuable companies on earth…and they're committing billions of dollars and waiting years to lock in power. They are not doing that because the grid is working. They are doing it because the grid is breaking.
This is the story Wall Street has not priced in yet. And it explains why a tiny Canadian-listed Bitcoin miner with infrastructure in Norway, Bitzero Holdings (NASDAQ: AIBZ), just signed a binding letter for a 15-year, $2.6 billion lease.

Ford Motor Company (NYSE: F) is down nearly 20% from its late-May peak. A weak sales report, uncertainty around tariffs, and another recall largely triggered the pullback. The news wasn't great, but Ford has an unrelated catalyst investors should pay attention to.
Ford Energy, the company's newest endeavor, marks a shift away from a sluggish electric-vehicle segment toward battery energy storage systems (BESS) for utilities, data centers, and large industrial and commercial customers in the U.S. Ford Energy plans to deploy at least 20 gigawatts annually, beginning in late 2027.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Even with Ford Energy's promising outlook, the automaker is still facing substantial headwinds. The EV division will likely post approximately $4 billion in losses this year. As competition increases, the recalls and macroeconomic picture in the U.S. don't make things any easier for the brand.
Ford's stock is relatively inexpensive. Its forward P/E ratio is currently less than 10, and with a $0.60 annual dividend, the 4.25% yield is attractive. Ford's longer-term success will be determined by how well its energy division performs.

We just covered The Next SanDisk: 9 Potential Breakout AI Stocks You Shouldn't Miss. Cerebras Systems (NASDAQ:CBRS) ranks #9 (see The Next SanDisk: 5 Potential Breakout AI Stocks You Shouldn't Miss).
Number of Hedge Fund Investors: N/A
Cerebras Systems (NASDAQ:CBRS) is an AI chipmaker that sells Wafer-Scale Engine (WSE-3) processors. Its customers are OpenAI and Amazon Web Services, with potential for enterprise customers down the line.
Wall Street turned bullish on the company because it makes the industry's only commercially deployed wafer-scale AI chip. Bulls point to the company's massive $24.6 billion backlog, which is 48 times Cerebras Systems (NASDAQ:CBRS) FY25 revenue of $510 million. The backlog is supported by a $20 billion three-year deal with OpenAI announced in January 2026. In that deal, OpenAI will deploy approximately 750 megawatts of Cerebras compute capacity through 2028, with an option for an additional 1.25 gigawatts. The company also has a collaboration with AWS for disaggregated inference announced in March 2026.
Cerebras Systems (NASDAQ:CBRS) expects revenue growth with a 120% forward topline CAGR through fiscal 2028 from fiscal 2025. This is based entirely on the OpenAI and AWS commitments. Morgan Stanley recently started coverage of the stock with a $250 price target and called it one of the most differentiated AI infrastructure companies with a first-mover advantage against Nvidia. UBS came out with a $300 price target and a Buy rating. Needham also came out with $300 and a Buy rating.

Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and ***** ysis projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion, as AI computing demand drives unprecedented growth in data center construction. A contracted order book of approximately 9 gigawatts (GW), including framework agreements with Oracle, AEP, Equinix, and Brookfield, points to growing confidence among major operators in fuel cells as a viable long-term power source.
US grid interconnection timelines have tripled since 2015, now stretching to three to six years for large loads. Rystad Energy's research projects 10.4 GW of ***** ulative fuel cell demand from data centers between 2026 and 2030, with around 40% of projected 2030 US data center capacity modeled as likely to pursue dedicated on-site power generation rather than grid connection. Unlike conventional grid connections or large gas plants, fuel cells can be deployed quickly and run on natural gas today, transitioning to biogas, renewable natural gas or hydrogen as supply matures, while producing lower on-site emissions than combustion alternatives. North America is expected to account for 91% of installed global on-site power generation capacity, thanks to a combination of grid delays, federal tax incentives and an established domestic supply chain.
"Power availability has become one of the defining constraints on data center growth, and operators are increasingly looking beyond the grid for solutions. Fuel cells have moved from a niche application to a measurable part of the firm power mix. The question now is whether the supply chain can scale at the same pace as demand," said Lein Mann Bergsmark, vice president of clean tech supply chain research at Rystad Energy.
Fuel cell manufacturers are expanding capacity in response. Aggregate operational and planned manufacturing output is on track to reach 4 GW per year by 2030, up from 1.8 GW today. Solid oxide fuel cells (SOFC) have become the dominant technology for always-on data center power, accounting for around 53% of ***** ulative stationary deliveries to date. Bloom Energy holds virtually every primary-load SOFC contract in the visible order book, a concentration that presents supply chain risk if demand accelerates faster than one manufacturer's production capacity.
That concentration extends to materials. Bloom Energy's SOFC technology depends on scandium, a critical metal used in its electrolyte chemistry. At full utilization of its planned 2 GW manufacturing expansion, Bloom's theoretical scandium requirement would approach the size of the entire global market, currently estimated to be around 60 tonnes per year. This potential bottleneck is compounded by the fact that China heavily controls the global scandium supply chain. Competitors using alternative electrolyte chemistries do not share this e

Broadcom Inc. (NASDAQ:AVGO) is one of the fastest-growing high-bandwidth memory stocks to buy. The stronger topic fit occurred on June 9, 2026, when Broadcom, Apollo, and Blackstone launched the AI XPV Platform to support more than 20 gigawatts of AI compute capacity, leveraging Broadcom's XPUs and networking solutions through 2028.
The platform starts with a $35 billion tranche for more than 1 gigawatt of Anthropic compute infrastructure expected to begin deployment at Fluidstack sites in mid-2026. Broadcom is not an HBM supplier, but custom AI XPUs typically depend on high-bandwidth memory and high-speed networking to keep large training and inference clusters from becoming data-starved. The update also lands soon after Broadcom's fiscal Q2 2026 report, where revenue rose 48% year over year to $22.2 billion and AI semiconductor revenue grew 143% to $10.8 billion. The LSEG VMware renewal is useful software news, but the XPV platform is much closer to the HBM-driven AI hardware cycle.
Broadcom Inc. (NASDAQ:AVGO) designs and supplies semiconductor and infrastructure software products, including custom AI accelerators, networking chips, storage connectivity, broadband components, wireless products, and VMware-based infrastructure software.
While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Chevron (CVX) announced Monday that it will power a huge Microsoft (MSFT) data center in West Texas with natural gas, using gas turbines supplied by GE Vernova (GEV) and Caterpillar (CAT). GE Vernova stock rose near a buy point, and Caterpillar stock jumped.
Project Kilby, as it is known, is expected to produce 2.7 gigawatts of electricity. That is said to be enough capacity to power about 2 million homes. A majority of the electricity will come from large gas turbines supplied by GE Vernova, Chevron said. Additional capacity will be provided by a Caterpillar subsidiary called Solar Turbines.
"The rapid growth we're experiencing in artificial intelligence (AI) and cloud, driven by customer demand, requires energy infrastructure that can scale quickly and reliably," said Noelle Walsh, Microsoft president of cloud operations, in the news release.
Compared with alternative sources of energy, gas-fired power plants hold an advantage in terms of speed to market. For example, new nuclear reactors can involve extremely lengthy testing and permitting times.
The 20-year power purchase agreement for Project Kilby marks a first for energy giant Chevron: its debut as a direct utility-style power provider for the technology sector amid the AI boom.

NRG Energy, Inc. (NYSE:NRG) is one of the undervalued infrastructure stocks to buy now. The stock's sharp pullback has drawn attention, but the underlying fundamentals tell a more nuanced story.
On June 10, 2026, NRG Energy, Inc. (NYSE:NRG) hit a 52-week low of $120.11, extending a decline of more than 20% year-to-date and nearly 17% over the past year. Despite the slide, over 80% of covering **** ysts remain constructive on the stock, with a median price target of $200.
The most recent **** yst move came on May 21, 2026, when Morgan Stanley raised its price target on NRG Energy, Inc. (NYSE:NRG) to $162 from $159 while keeping an Equal Weight rating, as part of a broader update to North American utility and IPP targets. The firm noted utilities underperformed the S&P 500 that month.
That update followed a difficult first quarter. On May 6, 2026, NRG Energy, Inc. (NYSE:NRG) reported Q1 revenue of $10.26 billion, up from $8.59 billion a year earlier, but adjusted EPS of $1.49 missed the consensus estimate of $1.78. Operating costs rose 33.4% to $9.93 billion, and interest expenses climbed to $285 million from $163 million, reflecting costs tied to the $12 billion acquisition of LS Power generation **** ets. Texas adjusted EBITDA fell 27.8% to $216 million amid a nearly 30% drop in heating degree days, while East segment EBITDA slipped 2% to $464 million due to higher power supply costs during Winter Storm Fern.
NRG Energy, Inc. (NYSE:NRG) expects its 415-megawatt T.H. Wharton facility in Texas to begin commercial operations by the end of May and now sees up to 2 gigawatts of uprate and conversion opportunities within its existing fleet, up from nearly 1 gigawatt previously disclosed.

Broadcom Inc. (NASDAQ:AVGO) is one of the best AI networking stocks to buy according to ******* ysts. The company gave investors a fresh AI infrastructure catalyst on June 9, when it announced the AI XPV Platform with Apollo and Blackstone as initial anchor investors.
The platform is designed to enable more than 20 gigawatts of compute capacity through 2028 using Broadcom's XPUs and networking solutions customized for frontier AI labs, including Anthropic and OpenAI. It is launching with an initial $35 billion tranche, led by Apollo in partnership with Blackstone, to support Anthropic's planned expansion of more than 1 gigawatt of compute infrastructure at Fluidstack-based sites, starting in mid-2026.
Image by drobotdean on Freepik
That makes Broadcom one of the cleanest fits for an AI networking list because the story is not only about custom accelerators. The company's AI infrastructure roadmap also depends on networking solutions that connect accelerators, servers, and large-scale AI clusters for training and inference. Broadcom said the platform creates a scalable framework for future XPU-based compute capacity and networking aimed at enabling frontier model training and inference at lower cost and power.
Broadcom's latest results reinforced the momentum. On June 3, the company reported fiscal second-quarter revenue of $22.19 billion, up 48% year over year, while AI semiconductor revenue reached $10.8 billion, up 143%, driven by demand for custom AI accelerators and AI networking.

We just covered the Top 10 Stock Picks of 10 Famous Billionaires. Brookfield (NYSE:BN) ranks #9 (see Top 5 Stock Picks of 5 Famous Billionaires).
Number of Hedge Funds: 47
Top Pick Of: Bill Ackman — Pershing Square Capital
Brookfield (NYSE:BN) has quietly become an indirect play on the AI infrastructure buildout, thanks to its exposure to power. AI data centers consume enormous amounts of electricity, and Brookfield is positioned to supply it. It has a framework agreement to provide 10.5 gigawatts of power to Microsoft. It also has a separate deal to supply 3,000 megawatts to Alphabet, with that Google contract valued at roughly $3 billion over its lifetime.
Digital infrastructure is another piece. Through its infrastructure portfolio, Brookfield operates around 150 data centers, 308,000 telecom sites, and 77,000 kilometers of fiber optic networks. These **** ets are increasingly tied to AI growth and hyperscaler expansion.

Interested in FuelCell Energy, Inc.? Here are five stocks we like better.
FuelCell Energy reported a wider fiscal Q2 loss after a $42.6 million non-cash impairment tied to its Groton Navy project, even as adjusted EBITDA improved year over year. Revenue fell 5% to $35.6 million, with weaker service and generation revenue partly offset by higher product and advanced technology revenue.
Management highlighted a rapidly expanding sales pipeline, which grew to 4 gigawatts and is now about 89% tied to data center opportunities. The company also introduced a new 12.5-megawatt modular fuel cell product aimed at AI and grid-constrained customers.
FuelCell Energy raised its planned Torrington manufacturing expansion to 500 megawatts annually from 350 megawatts, with an estimated cost of $200 million to $275 million. The company ended the quarter with $440.9 million in cash and said it remains essentially debt-free, while continuing to finance growth through project and equity options.
MarketBeat Week in Review – 03/09 - 03/13

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Broadcom Inc. CEO Hock Tan said Wednesday the company is helping finance custom artificial intelligence chips for large language model developers, highlighting the enormous infrastructure costs facing AI companies such as Anthropic and OpenAI as they race to scale their models.
In the company’s second-quarter earnings call on Wednesday, Tan said Broadcom was partnering with Apollo Global Management and Blackstone to create an AI XPU platform that will fund custom AI chips for LLM developers, helping them secure the massive computing capacity needed to train and deploy increasingly advanced AI models.
The initiative is expected to deploy more than 20 gigawatts of compute capacity by 2028, with Apollo launching the platform’s first $35 billion tranche.
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We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Bloom Energy Corporation (NYSE:BE) ranks 6th on this list.
Bloom Energy Corporation (NYSE:BE) is the largest bull position in the 13F portfolio of Situational Awareness LP. In filings for the first quarter of 2026, the fund revealed it owned close to 6.5 million shares in the company, down close to 35% compared to filings for the fourth quarter of 2025. This bet is an excellent case study into the investing acumen of Leopold Aschenbrenner. Over the past six months, the share price of the firm has jumped close to 170% and Aschenbrenner has capitalized handsomely on this gain. The core thesis remains the same. Data center operators can buy all the GPUs they want, but standard utility grids cannot supply electricity fast enough to power them. The solid-oxide fuel cells of Bloom bypass the grid entirely by providing immediate, off-grid, on-site baseload power using natural gas or hydrogen.
In the Q1 2026 earnings report, Bloom Energy Corporation (NYSE:BE) reported record-breaking revenue of $751.1 million, up 130.4% year-over-year from $326 million in Q1 2025. This obliterated Wall Street consensus estimates, which expected a modest $531 million to $552 million. The top-line acceleration was driven by the Product segment, which surged 208.4% to $653.3 million, accounting for 87% of total corporate revenue. The crown jewel of this validation is the selection of Bloom as the exclusive power provider for the Project Jupiter AI data center cluster. Bloom is contracted to provide up to 2.45 gigawatts of continuous, on-site power to the site. To put this into context, 2.45 GW is enough electricity to power roughly 1.8 million homes, or roughly 2.5 times the total power capacity of all data centers built in Northern Virginia.
While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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