Latest news with #RubinUltra
Yahoo
7 days ago
- Business
- Yahoo
OpenAI and Oracle ink deal to build massive Stargate data center, total project will power 2 million AI chips — Stargate partner SoftBank not involved in the project
When you buy through links on our articles, Future and its syndication partners may earn a commission. Among the concerns raised about the Stargate project, which involves partnerships with OpenAI, Oracle, and SoftBank, were scarce details about infrastructure support. Little by little, the companies disclosed their intentions and, on Tuesday, OpenAI and Oracle announced plans to build an additional 4.5 gigawatts (GW) of Stargate data center infrastructure in the U.S., pushing OpenAI's total planned capacity beyond 5 GW. Interestingly, SoftBank is not involved in financing this buildout, despite being part of the Stargate project. Under the terms of the plan announced in January, OpenAI, Oracle, and Softbank plan to build 20 data centers each measuring 500,000 square feet (46,450 square meters). However, it was unclear how they intended to power the data centers, as it does not look like the U.S. infrastructure has enough spare capacity to power the additional AI servers, cooling systems, and networking equipment used in AI data centers unless some sort of additional infrastructure is built. The announced 4.5 GW of infrastructure indeed refers primarily to electrical power availability, which is among the limiting factors for AI development these days. OpenAI claims that the expanded infrastructure of 5 GW will enable its data centers to power over two million AI processors, though it does not disclose whether the infrastructure is meant to support 1.4 kW Blackwell Ultra processors or 3.6 kW Rubin Ultra processors. If a 5 GW infrastructure were to power only AI GPUs, then it could feed 3.571 million Blackwell Ultra or 1.388 million Rubin Ultra GPUs. However, AI accelerators typically consume only half of the entire data center's power, without taking into account power usage effectiveness (PUE), so the actual number of supported GPUs would be lower. The new 4.5 GW-capable facilities may be built in states such as Texas, Michigan, Wisconsin, and Wyoming, though exact locations are still being finalized. This is in addition to an existing site under construction in Abilene, Texas, which OpenAI considers a proof-of-concept facility to ensure its ability to deploy infrastructure at scale and speed. OpenAI believes that lessons learned from Abilene will help with the execution of subsequent sites. Parts of the Abilene facility — Stargate I — are now active as Oracle began installing server racks based on Nvidia's GB200 platform last month. OpenAI has begun utilizing this infrastructure to conduct early-stage AI training and inference tasks as part of its next-generation research initiatives. Follow Tom's Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.
Yahoo
10-07-2025
- Business
- Yahoo
Needham Raises PT Target for TSMC, Keeps Buy Rating
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 11 Best Foreign Stocks to Buy According to Hedge Funds. On July 1, Needham increased its price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $225 to $270 and kept a 'Buy' rating. The research firm highlighted strong AI-driven growth prospects for the company through 2027. A close-up of a complex network of integrated circuits used in logic semiconductors. Needham analysts expect Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) total revenue to rise from about $114 billion in 2025 to $130 billion in 2026 and $160 billion in 2027. These numbers are based on the firm's newly launched AI wafer demand model. Specifically, AI revenue is expected to grow from $26 billion in 2025 to $33 billion in 2026 and $46 billion in 2027. Needham believes that the silicon content growth is becoming an increasingly important reason for Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) AI revenue growth. Additionally, Needham forecasts that the company's capital expenditure will increase from $40 billion in 2025 to $45 billion in 2026 and $50 billion in 2027. The firm expects a shift in mix toward equipment that could boost the wafer fab equipment outlook, especially for 2027. The firm noted that the ramp-up of Rubin Ultra is likely to help Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) growth to re-accelerate in 2027 and beyond. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company that specializes in manufacturing, packaging, and testing integrated circuits for various industries. While we acknowledge the potential of TSM 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
01-07-2025
- Business
- Yahoo
Vertiv Moves Above 50 and 200-Day SMAs: Is the Stock a Smart Buy Now?
Vertiv VRT continues to demonstrate impressive upward momentum, consistently trading above its 200-day and 50-day simple moving averages (SMA), which are key indicators of price stability and long-term bullish trends. As of Monday, Vertiv was trading at $128.41, which surpassed both its 200-day SMA of $106.47 and 50-day SMA of $103.91, highlighting a continued uptrend. Image Source: Zacks Investment Research The technical strength, along with the stock's sustained momentum, reflects positive market sentiment and investor confidence in Vertiv's financial health and growth shares have gained 13% year to date, outperforming the broader Zacks Computer and Technology sector's increase of 6.1%. The Zacks Computers - IT Services industry declined 7.3% in the same time frame. VRT stock has also outperformed its closest peer, Eaton ETN, which is making strong efforts to advance its sustainable energy solutions and expand its market presence. Eaton shares have gained 7.6% in the year-to-date period. Vertiv is benefiting from an extensive product portfolio, which spans thermal systems, liquid cooling, UPS, switchgear, busbar and modular solutions, is noteworthy. In the trailing 12 months, organic orders grew approximately 20%, with a book-to-bill of 1.4 times for the first quarter of 2025, indicating a strong prospect. Backlog grew 10% sequentially and 25% year over year to $7.9 billion. Image Source: Zacks Investment Research Vertiv's partnership with NVIDIA NVDA is a key catalyst. In June 2025, the company announced its energy-efficient 142KW cooling and power reference architecture for the NVIDIA GB300 NVL72 platform. Vertiv solutions are available as SimReady 3D assets in the NVIDIA Omniverse Blueprint for AI factory design and expanding its portfolio with NVIDIA in May 2025, the company confirmed its alignment with NVIDIA's AI roadmap to deploy 800 VDC power architectures ahead of NVIDIA Kyber and Rubin Ultra platforms. Vertiv aims to stay one GPU generation ahead of NVIDIA, providing efficient and scalable power solutions for next-generation AI data centers. The partnership highlights Vertiv's commitment to supporting NVIDIA's evolving compute demands with advanced power and cooling infrastructure. Vertiv's rich partner base, which includes Ballard Power Systems, Compass Datacenters, NVIDIA, Intel, ZincFive, and Tecogen TGEN, is a key March 2025, Vertiv announced a collaboration with Tecogen to offer advanced natural gas-powered chiller technology to data centers worldwide. This technology addresses power constraints, enabling the deployment of AI at scale. Tecogen's proven 40-year expertise in clean energy solutions enhances Vertiv's portfolio of cooling solutions. For 2025, revenues are now expected to be between $9.325 billion and $9.575 billion. Organic net sales growth is likely to be between 16.5% and 19.5%.VRT expects 2025 non-GAAP earnings between $3.45 and $3.65 per share. Previously, revenues were projected between $9.125 billion and $9.275 billion for 2025. Organic net sales growth is expected to be between 15% and 17%. VRT projected 2025 non-GAAP earnings per share between $3.50 and $3.60. For second-quarter 2025, revenues are expected to be between $2.325 billion and $2.375 billion. Organic net sales are expected to increase in the 19% to 23% expects second-quarter 2025 non-GAAP earnings per share between 77 cents and 85 cents. The Zacks Consensus Estimate for Vertiv's second-quarter 2025 revenues is pegged at $2.27 billion, suggesting growth of 16.48% year over Zacks Consensus Estimate for second-quarter 2025 earnings is currently pegged at 82 cents per share, unchanged over the past 30 days. The figure indicates a year-over-year increase of 22.39%.The Zacks Consensus Estimate for Vertiv's 2025 revenues is pegged at $9.51 billion, suggesting growth of 18.71% year over Zacks Consensus Estimate for 2025 earnings is currently pegged at $3.55 per share, unchanged over the past 30 days. This indicates a 24.56% increase from the 2024 reported figure. Vertiv is currently overvalued, as suggested by a Value Score of terms of the trailing 12-month Price/Book, Vertiv is currently trading at 18.35X, compared with the broader Computer and Technology sector's 10.12X. Vertiv stock also trades at a higher P/B multiple compared to other industry peers, such as Eaton. At present, Eaton has a P/B multiple of 7.53X Image Source: Zacks Investment Research Vertiv is benefiting from its strong portfolio and rich partner base, which are driving order growth. These factors justify the company's premium valuation. Vertiv stock currently carries a Zacks Rank #2 (Buy) and has a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tecogen Inc. (TGEN) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
TSMC's AI Breakthrough: Path to a $90 Billion Windfall
July 1 - Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares edged up on Tuesday, underlining renewed investor interest in its AI growth trajectory. Needham analyst Charles Shi outlined a path for TSMC to reach roughly $90 billion in AI-driven revenue by 2029, based on the company's own targets and projected AI accelerator shipments. Shi's model suggests TSMC doesn't need dramatic increases in unit volume to hit its goal. Instead, he points to significant silicon content growth from adding more compute dies per package and shifting to custom high?bandwidth memory base dies. While Shi retains a Buy rating on TSMC and has lifted his price target to $270 from $225, he warns AI revenue may slow into 2026 due to a pause in AI accelerator volumes and limited silicon growth in NVIDIA (NASDAQ:NVDA) Rubin products. Looking ahead, Shi expects AI revenue to grow about 20% year?on?year in 2026, then accelerate to nearly 40% in 2027 and 45% in 2028 as new products like Rubin Ultra and Feynman drive higher silicon content. The forecast underscores TSMC's pivotal role in powering the next wave of AI innovation. Based on the one year price targets offered by 17 analysts, the average target price for Taiwan Semiconductor Manufacturing Co Ltd is $223.45 with a high estimate of $265.34 and a low estimate of $119.37. The average target implies a downside of -1.73% from the current price of $227.38. Based on GuruFocus estimates, the estimated GF Value for Taiwan Semiconductor Manufacturing Co Ltd in one year is $244.12, suggesting a upside of +7.36% from the current price of $227.38. This article first appeared on GuruFocus.
Time of India
23-06-2025
- Business
- Time of India
Snowcap Compute raises $23 million for superconducting AI chips
Snowcap Compute , a startup working on building artificial intel ligence computing chips using superconducting technology, on Monday raised $23 million and said that the former CEO of Intel will join its board. Snowcap aims to build computers that could one day beat today's best artificial intelligence systems, while using a fraction of the electricity. To do that, Snowcap plans to use a new kind of chip made with superconductors , which are materials that allow current to flow without electrical resistance. Scientists understand superconductors well and have theorized about making computer chips with them since at least the 1990s, but have faced a major challenge: To work, the chips need to be kept very cold in cryogenic coolers which themselves consume a lot of electricity. For decades that made superconductor chips a nonstarter, until AI chatbots ignited huge demand for computing power at the same time that conventional chips are hitting the limits of how much performance they can wring from every watt of power and are taxing electricity grids. Nvidia 's forthcoming "Rubin Ultra" AI data center server due in 2027, for example, is expected to consume about 600 kilowatts of power. That means operating that single server at full capacity for one hour would consume about two thirds the average power that a US house uses in a month. In that kind of changed world, dedicating a portion of a data center's power needs to cryogenic coolers makes sense if the performance gains are good enough, said Michael Lafferty, Snowcap's CEO, who formerly oversaw work on futuristic chips at Cadence Design Systems. Snowcap believes that even after accounting for energy used in cooling, its chips will be about 25 times better than today's best chips in terms of performance per watt. "Power (efficiency) is nice, but performance sells," Lafferty said. "So we're pushing the performance level way up and pulling the power down at the same time." Snowcap's founding team includes two scientists - Anna Herr and Quentin Herr - who have done extensive work on superconducting chips at chip industry research firm Imed and defense firm Northrop Grumman, as well as former chip executives from Nvidia and Alphabet's Google. While the chips can be made in a standard factory, they will require an exotic metal called niobium titanium nitride that Lafferty said depends on Brazil and Canada for key ingredients. Snowcap plans its first basic chip by the end of 2026, but full systems will not come until later. Despite the long development timeline, Pat Gelsinger , Intel's former CEO who led the investment for venture firm Playground Global and is joining Snowcap's board, said the computing industry needs a sharp break from its current trajectory of consuming ever more electricity. "A lot of data centers today are just being limited by power availability," Gelsinger said. Also joining the funding round were Cambium Capital and Vsquared Ventures.
