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The Star
4 days ago
- Business
- The Star
Data centres to bolster YTL Power
CIMB Research reduced its 2025 to 2027 core net profit forecasts for YTL Power by between 7% and 17%. PETALING JAYA: Despite a cut in YTL Power International Bhd 's overall profit forecasts, CIMB Research is still upbeat on the group's data centre business. The research house raised its forecast on earnings before interest, taxes, depreciation and amortisation (Ebitda) margins for YTL Power's co-located data centre segment. 'Its 160 megawatt (MW) of new capacity is factored in for YTL Power's financial years 2027 (FY27) and FY28 and upon gaining better understanding of the company's operating expenditure, we believe our previous 50% Ebitda margin assumption for the co-located data centre business was too conservative. 'Consequently, we have raised this forecast to 70%. Additionally all its existing capacity of 188MW has been leased out,' CIMB Research said. The research house said it believes YTL Power will soon start developing new phases for this segment of its business. 'We now assume an extra 160MW of capacity will go live in stages across FY27 and FY28. Thus, we project core net profit from co-located data centres will rise from RM115mil in FY26 to RM431mil by FY29. 'Excluding the 160MW in co located data centre expansion, YTL Power's fair value would be RM4.08,' the research house said. However, the research house cut its earnings forecast for the artificial intelligence (AI) data centre segment, now assuming 12MW is deployed on Nvidia's DGX Cloud from 20MW previously. The research house said YTL Power will use the remaining capacity to commercially offer its large language model and other AI solutions. Meanwhile, CIMB Research reduced its 2025 to 2027 core net profit forecasts for YTL Power by between 7% and 17%, bringing forward Ebitda per megawatt hour compression for Power Seraya but keeping long-term margins intact, while lowering AI data centre earnings. 'However, we maintain our 'buy' rating and raise YTL Power's target price by 14% to RM4.55 on higher fair value for the co-located data centre business and the Wessex Water business in Britain. Key rating catalysts are from the new 160MW co-located data centre expansion in FY27 and FY28,' the research house said. In addition, CIMB Research said projected strong Wessex Water earnings growth due to a 21% water tariff hike in Britain in April , and potential new Malaysian power plant projects also bode well for YTL Power.
The Standard
10-07-2025
- Business
- The Standard
Nvidia CEO hopes to meet Chinese top policymakers next week, FT reports
Jensen Huang, CEO of Nvidia, holds a NVIDIA DGX Cloud Lepton as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes
Yahoo
28-06-2025
- Business
- Yahoo
Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction
Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction originally appeared on TheStreet. In the last six months, AI stocks have been anything but boring. After a few years of massive gains, AI stocks kicked off the year getting slammed as a bubble. Talk of bloated valuations and too much hype had investors wondering if the party was over. 💵💰💰💵 Then in April, President Donald Trump's surprise tariffs crashed the market, pulling down the S&P 500 by nearly 19%. AI bellwether stocks like Nvidia () and Microsoft () tanked, and many felt the AI rally was dead and buried. Yet here we are with the S&P 500 at an all-time high, lifted by a roaring AI comeback driven by chip leaders and cloud giants. Now one of Wall Street's sharpest has AI back at the helm, pointing to two giants ready to win big. In the AI race, Nvidia and Microsoft play different but critical roles in advancing the industry. Nvidia's ubiquitous AI-ready GPUs are the go-to hardware for training and inference. Its latest Blackwell Ultra chips, for instance, promise 1.5 times the punch of earlier models, rolling out even cheaper versions for China to dodge export curbs and grow its reach. Speaking of reach, Nvidia's data-center accelerators handle a whopping 90% of AI workloads the software side, CUDA keeps millions of developers hooked on fine-tuning performance. On top of that, its patented tools like TensorRT and NeMo make deploying models simpler, and DGX Cloud brings on-demand AI clusters to the table. Take CoreWeave, one of Wall Street's biggest stories this year, which shows how anything Nvidia touches turns to gold. Backed by a 7% Nvidia stake, Coreweave stock has built monster AI supercomputers and is up 308% from its IPO earlier this year. Hence, with a powerful full-stack approach, Nvidia remains an inseparable partner in building next-gen AI. More Tech Stock News: Circle's stock price surges after stunning CEO comment Robotaxi rivalry heats up as new cities come online Analyst reboots AMD stock price target on chip update Microsoft, by contrast, is all-in on software and services to layer AI across its ecosystem. Front and center is Microsoft's massive multi-billion-dollar OpenAI partnership, weaving ChatGPT into Azure, Teams, and Office 365. Microsoft's robust cloud service in Azure packs prebuilt and custom models and low-code tools. Similarly, Microsoft 365 Copilot amps up Word and Excel, while the Windows Copilot pushes AI deep into daily work. Together, Nvidia's cutting-edge chips and Microsoft's cloud and tools power the entire AI stack, pushing them ahead of their peers. Wedbush thinks Nvidia and Microsoft could touch $4 trillion in market cap this year and ride the AI wave to $5 trillion by next year. This bold call lands as Nvidia just reclaimed the top spot from Microsoft, hitting new highs. As of yesterday's close, Nvidia's market cap stood at $3.78 trillion, while Microsoft sported a $3.7 trillion market cap. Apple's the other tech giant in the $3 trillion club, and it was once the world's most valuable company. Veteran analyst Dan Ives, in his note, wrote, 'The poster children for the AI Revolution are led by Nvidia and Microsoft, as both are foundational pieces of building on the biggest tech trend we have seen in our 25 years covering tech stocks on the Street.'AI use cases have exploded of late, from cybersecurity and software to chips and robotics. Nvidia CEO Jensen Huang believes robotics will be the next multi-trillion-dollar catalyst after AI. Ives agrees that the ripple effect is huge, that every dollar spent on Nvidia sparks another $8 to $10 across the wider tech world. In crunching the numbers, Microsoft's market cap has slipped 10.8% over the past year, losing about $400 billion. Conversely, Nvidia soared nearly 25%, adding $950 billion from its AI GPU boom. Stretch that to three years, and the gap gets even wider. Microsoft's up a robust 21%, but Nvidia's exploded 472% as it pivoted from gaming chips to the AI driver's seat. Wedbush's $4 trillion call equates to a 5.2% bump from Nvidia's current market cap and an 8.4% jump for Microsoft. Pushing to $5 trillion in 18 months ups the game, with Nvidia potentially rising 31.5% and Microsoft at 35.5%.Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction first appeared on TheStreet on Jun 27, 2025 This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.
Miami Herald
26-06-2025
- Business
- Miami Herald
Veteran analyst drops bold new call on Nvidia stock
You can't talk about artificial intelligence without running into Nvidia (NVDA) . It's wild how a gaming chipmaker is now basically the face that runs the show in AI. Don't miss the move: Subscribe to TheStreet's free daily newsletter From data centers to cloud platforms, and from edge devices to the conversations shaping the future of tech, it's Nvidia all the way. Nvidia's ubiquitous GPUs are at the heart of training large language models (LLMs) and accelerating robotics, dominating the most mission-critical chips on the planet. Trillions in market cap later, Nvidia is still getting the love from Wall Street. Sure, Nvidia stock has wobbled, but a new forecast suggests there's still a ton of firepower ahead. Nvidia has effectively become the engine room of the AI frenzy. Its GPUs run roughly 90% of the world's AI data centers, and tech giants including Amazon, Microsoft, Google, and Meta continue gravitating to its silicon architectures. Moreover, its competitive edge in AI goes beyond chips. Its powerful CUDA platform, for instance, is arguably the backbone of AI software, locking in millions of developers looking to optimize their work for Nvidia chips. On the model side, tools such as TensorRT and NeMo help developers run AI systems easily and efficiently. Also, for businesses looking to avoid building massive infrastructure, Nvidia offers DGX Cloud, fully loaded AI clusters you can rent on demand. Related: Veteran Wall Street firm makes surprise call on tech stocks An AI powerhouse like CoreWeave helps run it, with analysts predicting it could be a $10 billion long-term revenue stream. Hence, this end-to-end stack allows Nvidia to dominate the AI value chain. It's also why hyperscalers shell out a ton of money on their Nvidia budgets, knowing an alternative path would fracture their entire pipeline. So it's no surprise that Nvidia stock has gone parabolic over the past few years. For context, its share price surged from $24 at the end of January 2022 to about $134.27 by December 31, 2024, an astonishing 449% gain. This breakneck surge mirrors the explosive growth of its AI-led data-center business. In the fourth quarter of FY 2022, its data center sales were at $3.3 billion. By Q4 FY 2024, though, it stood at an eye-popping $18.4 billion - a 458% jump in just a couple of years. And as we look ahead, it seems the AI buildout is just getting started. McKinsey sees global AI and data-center investment hitting $5.2 trillion by 2030, on the back of a double-digit bump in AI-ready capacity. In Q1 2025 alone, cloud infrastructure spending hit $90.9 billion, up 21% year-over-year, according to Canalys. Nvidia hogged the spotlight Wednesday after Loop Capital jacked up its price target in a big way. In setting a new Wall Street high for Nvidia, Loop Capital analyst Ananda Baruah raised his price target to $250 from $175. He feels hyperscaler and AI spending could hit $2 trillion by 2028, with Nvidia riding that wave to a $6 trillion market cap. More Tech Stock News: OpenAI's Altman slams Mark Zuckerberg, ignites dramaWall Street rallies behind Marvell Technology stock after blockbuster AI showcaseStruggling EV semiconductor company files for bankruptcy He added that Nvidia owns "critical tech" and has the pricing power to match, as hyperscaler continues to grow over time. Loop Capital's new $250 target is nothing short of extraordinary. When stacked against Wall Street's $172.60 consensus target, that implies a roughly 44% premium, towering even higher than the current "high" estimate of $220. So far this year, Nvidia stock has quietly gained nearly 10%, starting the year in the high $130s and climbing to the low $150s by late June. It has continued to crush expectations in its data-center division, with more than 70% year-over-year growth in Q1, while next-gen chip pre-orders pile up. Add in software momentum, and analysts say there is still plenty of upside remaining in this AI bellwether. Related: Circle stock goes parabolic after Capitol Hill surprise The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
25-06-2025
- Business
- Time of India
Nvidia shares soar to an all-time high; eyes Micron earnings for next cues
Nvidia shares soared to an all-time high of $152.97 on Wednesday, surpassing its previous record close of $149.43 set in January. The 2.6% surge in early trading reflected growing investor confidence in the chipmaker's leadership in the booming artificial intelligence (AI) sector. The rally was partly driven by market anticipation ahead of Micron Technology's quarterly earnings, due after market hours. Micron manufactures high-bandwidth memory (HBM) chips, a key component in Nvidia's advanced AI accelerators. Strong results from Micron are expected to signal continued demand across the AI hardware supply chain, further reinforcing Nvidia's bullish outlook. Beyond hardware, Nvidia's growth is being propelled by its expanding software and cloud services business. Its DGX Cloud platform — which allows organisations to run large-scale AI workloads on Nvidia's infrastructure — has seen adoption across industries such as healthcare, finance, and manufacturing. This marks a strategic shift, positioning Nvidia as not just a chipmaker but a full-stack AI solutions provider. Investor optimism has remained strong since Nvidia's impressive first-quarter earnings in late May, which beat analyst estimates and highlighted robust revenue growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Меките и удобни ежедневни обувки улесняват ходенето ZAROTRAVEL® КУПИ СЕГА Undo The company's performance remains resilient despite geopolitical headwinds, including US export restrictions on chip sales to China, once a major market. The focus now turns to Micron's earnings, expected to provide broader insight into the strength and sustainability of the AI hardware boom. Earlier this month, Nvidia briefly became the world's most valuable publicly listed company, overtaking Microsoft. It has been trading market-cap leadership with Microsoft and Apple since mid-2023. The latest surge reestablishes Nvidia's dominance, underscoring its rapid ascent as a key force in the AI revolution. As global demand for AI infrastructure continues to rise, Nvidia's position at the heart of the technology ecosystem appears increasingly unshakable. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
