ATLAS News · Technology
Forbes Middle East and Simply Wall St report on a tech rally tied to CoreWeave earnings and on new Dell PowerEdge AI deployments amid Texas data center concerns.
Forbes Middle East reports that tech stocks rallied on Wednesday after CoreWeave shares jumped more than 25% the morning after the AI cloud computing provider reported better-than-expected earnings. The outlet says the move added billions to the fortunes of some of the world's wealthiest people, including Jensen Huang, Michael Dell and Larry Ellison.
Simply Wall St reports that the University of Alabama, CrowdStrike, Spectro Cloud, AMD and KIOXIA, along with Dell Technologies, have disclosed new deployments and products built on Dell PowerEdge servers, high density storage and AI focused infrastructure. The workloads cited cover research, security and coding.
The same outlet also points to concern over a pledged Texas ban on new data center permits. It says this directly tests how resilient Dell's large AI hardware backlog and future order pipeline are.
Data centers are the physical facilities that house the servers and storage used to run AI and cloud services, so permitting rules can affect how quickly new capacity is built.
The reports show how AI infrastructure demand and possible regulatory limits on data centers are both in view for companies such as Dell Technologies.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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