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The Marked Chart Wire · Tech and AI
AI and chips
Shares in AI data centers, chips, and networking equipment declined, with the semiconductor ETF SOXX down over 23 percent in a month. Investors are shifting toward established cloud providers while concerns grow over construction restrictions and financing costs.
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AI Spending
Microsoft is said to be reducing its Neocloud commitments because of delays and rising costs at a Texas site involving Iren.
Data Centers
Microsoft reportedly refused to increase capacity at Nscale's Texas site because power grid permits are not final. The company committed to 240 MW but skipped an option for more space before Nscale's IPO.
AI and chips
Microsoft is said to be increasing scrutiny of Nebius, IREN, and Nscale due to rising construction costs and project delays, including a setback at an IREN Texas facility and the withdrawal from three Nscale projects.
HotAI Spending
The SOXX ETF dropped over 23 percent in a month, with Intel and Cerebras losing nearly half their value. Goldman Sachs warned that Democratic midterm wins could lead to limits on AI building projects.
Data Centers
Fitch Ratings indicates that significant upcoming computing infrastructure in Texas, Georgia, and Ohio could face legal barriers under new state administrations.
HotAI and chips
The hardware maker introduced a KV cache system built in partnership with IBM and Nvidia. The company claims the setup offers notable gains in inference speed.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.