Latest news with #DataVolt
Globe and Mail
5 days ago
- Business
- Globe and Mail
Does Super Micro Computer Stock (SMCI) Have More Room to Run?
(SMCI) stock has rallied 36% so far in 2025. After a rollercoaster ride last year due to several negatives, including accusations related to accounting irregularities and delay in filing of financial statements, the stock has risen in 2025 due to improved investor sentiment for the AI server maker. Nonetheless, analysts are currently divided on SMCI stock, with the average price target indicating that the stock could be range-bound. Confident Investing Starts Here: Analysts Are Divided on SMCI Stock SMCI Bulls are optimistic about its growth prospects amid the ongoing AI boom, given recent wins like the $20 billion partnership with DataVolt to develop hyperscale AI campuses in Saudi Arabia and the U.S. However, other analysts are concerned about the company's disappointing fiscal third-quarter performance and dismal guidance and a potential slowdown in AI spending due to macro pressures. Moreover, Super Micro didn't issue guidance for Fiscal 2026, citing tariff-related uncertainties. Recently, Citi analyst Asiya Merchant reiterated a Hold rating on SMCI stock with a price target of $37. Reacting to the DataVolt agreement, the 5-star analyst said that the news is a positive read-through for the underlying demand momentum for SMCI and AI infrastructure hardware players that cater to the tier 2, neo cloud, GPU as a service cloud providers, and sovereign entities. That said, Merchant remains sidelined on SMCI stock due to rising competition. Meanwhile, Raymond James analyst Simon Leopold initiated coverage of SMCI stock with a price target of $41. The 5-star analyst stated that SuperMicro has emerged as a 'market leader' in AI-optimized infrastructure. He highlighted that AI platforms now comprise nearly 70% of SMCI's topline, with the company also expanding its share of the branded AI server market. Leopold thinks that SMCI has positioned itself in a 'sweet spot' between the branded IT suppliers like Dell (DELL) and HP Enterprise (HPE), and contract manufacturers like Quanta. While tariffs and technology transitions, like Nvidia's (NVDA) Hopper to Blackwell processors, present risks over the intermediate term, Leopold believes that AI projects represent a long-term secular driver for SMCI. Further, Mizuho analyst Vijay Rakesh recently raised price targets for several AI server-related stocks, citing growing demand and momentum across the supply chain. In particular, the 5-star analyst increased the price target for Super Micro Computer stock to $40 from $32, noting the company's leadership in AI server deployments. However, Rakesh maintained a Hold rating on SMCI stock and cautioned investors about 'increasing competition and weak AI server margins.' Is SMCI Stock a Good Buy? Overall, Super Micro Computer stock scores a Moderate Buy consensus rating based on six Buys, five Holds, and one Sell recommendation. The average SMCI stock price target of $40.83 suggests that the stock could be range-bound. See more SMCI analyst ratings Disclaimer & Disclosure Report an Issue
Yahoo
6 days ago
- Business
- Yahoo
Recogni and DataVolt Partner to Deliver the World's Most Energy-Efficient AI Cloud Infrastructure
SAN JOSE, Calif. and RIYADH, Saudi Arabia, May 28, 2025 /PRNewswire/ -- Recogni Inc., the Generative AI Inference systems company, and DataVolt, the sustainable AI-cloud innovator, are teaming up to build the most energy-efficient AI cloud on the planet. Recogni and DataVolt share a commitment to delivering high-performance, energy-efficient AI cloud solutions at scale. This partnership presents a unique opportunity to drive innovation in next-generation AI cloud compute, while advancing environmentally sustainable infrastructure. Recogni's inference system leverages AI logarithmic math on purpose-built silicon and networking to set new standards in energy efficiency and performance, making it an ideal fit for DataVolt's cost/environmentally friendly energy-optimized AI infrastructure. Why it matters At the U.S.–Saudi Investment Forum, DataVolt signed a $20 billion agreement, marking a significant milestone in the company's commitment to advancing AI and data center infrastructure. As part of the heterogeneous compute strategy, DataVolt is partnering with Recogni to integrate Recogni's low-power inference systems to power its next-generation AI data centers. This collaboration aims to support deploying some of the world's densest and most energy-efficient AI compute clusters, reinforcing strategic technology ties between the two nations. Deal details Early Access Partner: DataVolt has agreed to purchase Recogni's inference systems for evaluation prior to production. Peak Efficiency: Recogni's purpose-built silicon pairs log-math acceleration with low power silicon to eliminate energy bottlenecks and deliver the lowest $/FLOP compute available. Cloud Scale: Leveraging DataVolt's low cost of energy and global reach, the partnership is poised to deliver a disruptive new multi-model inference service with no trade-off between power and performance. Bigger picture This partnership unites U.S. silicon innovation with Saudi green-energy scale, advancing shared goals of energy security, digital-economy growth, and sustainable AI infrastructure. "With DataVolt we will provide fast and accurate AI that is also economical and energy efficient. This partnership will supercharge AI adoption worldwide," said Marc Bolitho, CEO of Recogni. "Democratizing access for the Global South to compute and offering the lowest all-in cost of compute have been DataVolt's founding philosophy and guiding vision. I am excited about this partnership with Recogni which will give us a decisive edge in performance-per-watt which will make all the difference in democratizing AI," added Rajit Nanda, CEO of DataVolt. About RecogniWith a global footprint in North America and Europe, Recogni is building the most compute-dense and energy-efficient Generative AI inference systems to accelerate the world's AI ambitions. Recogni is joined to achieve its mission through backing from GreatPoint Ventures, Celesta Capital, Mayfield, and DNS Capital. For more information, visit About DataVoltDataVolt is an operator of data centers, integrating dedicated high-availability multi-technology renewable energy infrastructure solutions and green fuels, with a strong focus on innovation, sustainability, and scalability. Headquartered in Saudi Arabia, with offices currently in the USA, Uzbekistan, India, and the UAE, and presence in South Korea and South Africa. DataVolt has strong global ambitions spanning across the Middle East, Africa, and Asia. DataVolt's core focus is servicing the needs of hyperscalers, large enterprises, and government institutions. For more information, visit View original content to download multimedia: SOURCE Recogni Inc. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Chermours, DataVolt Sign Agreement to Boost Liquid Cooling Solution for AI Data Centers
On May 19, The Chemours Company (NYSE:CC) announced its partnership with DataVolt, an operator of data management platforms with supercomputing capabilities, to develop advanced liquid cooling solutions for AI data centres. Chemours' two-phase direct-to-chip and immersion cooling technology has gained momentum, driven by growing demand for data centres. A modern computer datacenter, running an advanced quantum computer system. To enhance sustainability for AI and next-generation chips, Chemours and Datavolt will develop a system that will reduce cooling energy by almost 90%, lowering the total cost of ownership by 40%. With Chemours' technology, there will be no need for water use to enhance cooling efficiency for AI data centres. The growing demand for AI data centres strengthens Chemours' position in sustainable thermal management. The Chemours Company (NYSE:CC) also has an agreement with Navin Fluorine to produce Opteon two-phase immersion cooling fluid, fulfilling data centre cooling needs. Goldman Sachs Research projects global power demand from data centres to increase 50% by 2027 and nearly 165% by the end of 2030, driven by AI. This growing demand will create opportunities for players like Chemours and DataVolt to minimize operational costs for data centres. The Chemours Company (NYSE:CC) offers industrial and speciality products for various industries, including coating, plastics, semiconductor, transportation, oil and gas, and refrigeration and air conditioning, among others. The company serves over 2,700 customers through its top-rated brands such as Opteon, Freon, Viton, Krytox, Ti-Pure, Nafion, and Teflon. While we acknowledge the potential of CC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CC and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Chemours Joins DataVolt to Advance Liquid Cooling for AI Data Centers
The Chemours Company CC has formed a partnership with DataVolt, a developer and operator of sustainable digital infrastructure, to demonstrate and develop breakthrough liquid cooling solutions for data centers with other industry leaders. This deal will focus on improving data center efficiency and sustainability by utilizing two-phase direct-to-chip, two-phase immersion cooling and other novel solutions. The firms will strive to improve infrastructure preparedness and meet the growing demand for artificial intelligence (AI) and next-generation thermal management expertise with DataVolt's knowledge of designing and operating sustainable data centers, the companies can help accelerate the adoption of liquid cooling and other innovative technologies, lowering total cost of ownership of data centers and environmental footprint while increasing performance and efficiency. The company is thrilled to collaborate with industry leaders to achieve these objectives and advance sustainable data center agreement will lead to the development of liquid cooling and other data center solutions utilizing Chemours' range of ultra-low global warming potential Opteon dielectric fluids. This is the most recent announcement from Chemours' Liquid Cooling portfolio, which seeks to offer a full suite of data center cooling solutions to support AI and advanced digital noted that this collaboration demonstrates the company's commitment to being at the forefront of innovation as it meets the world's insatiable demand for eco-friendly, high-performance and mission-critical AI factories that can support ever-increasing compute densities while remaining rapidly deployable, sustainable and cost effective. By integrating Chemours' sophisticated liquid cooling technologies and collaborating with industry partners, the company hopes to improve the efficiency and scalability of its data centers, ensuring they meet the quickly changing demands of next-generation AI of Chemours have lost 59.7% in the past year compared with the industry's decline of 27.2%. Image Source: Zacks Investment Research The company expects consolidated net sales to increase in low to mid-teens sequentially in the second quarter. Adjusted EBITDA is also expected to increase within a range of 40% to 45%. Free cash flow is expected to be positive, and capital expenditures are forecasted to be $50 company expects full-year 2025 adjusted EBITDA to be between $825 million and $950 million. Capital expenditures are expected to be between $225 million and $275 million. The Chemours Company price-consensus-chart | The Chemours Company Quote CC currently carries a Zacks Rank #5 (Strong Sell).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKNCarpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 112% in the past year. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Idaho Strategic Resources' current-year earnings is pegged at 21 cents. IDR, carrying a Zacks Rank #2 (Buy), surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing twice, with an average earnings surprise of 21.7%. The company's shares have rallied 28% in the past which currently carries a Zacks Rank #1, beat the consensus estimate in one of the trailing four quarters, while missing thrice. In this time frame, it has delivered an earnings surprise of roughly 6.1%, on average. The company's shares have rallied 57.3% in the past year. 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 Carpenter Technology Corporation (CRS) : Free Stock Analysis Report The Chemours Company (CC) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR) : 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
Hindustan Times
20-05-2025
- Business
- Hindustan Times
Trump's high stakes tri-nation Gulf visit and its outcomes
When the mighty contestants of geopolitical rivalry are looking at the Gulf for its strategic influence, lightning-fast transition, and high-rise ambition, President Donald Trump's tri-nation state visit to Saudi Arabia, Qatar, and the United Arab Emirates from May 13-16 marked a turning point in US-Gulf relations. Far more than a diplomatic tour, this four-day-long visit shaped the destinies of several nations—beyond the power troika—in the Gulf. And answered several questions, elicited euphoria. Embarking on a meticulously goal-driven State visit amid worldwide high tension of wars and tariffs, President Donald Trump was met with extraordinary displays of ceremony and hospitality at every juncture. In Saudi Arabia, Crown Prince Mohammed bin Salman greeted him with regal grandeur—a royal purple carpet, the blare of trumpets, and a 21-gun salute. In Doha, the presidential motorcade was escorted by a fleet of striking red Tesla cybertrucks, culminating in a reception featuring mounted camels and Arabian horses, emblematic of Qatari tradition. Upon reaching Abu Dhabi, Trump was welcomed with rhythmic drum performances, children waving American and Emirati flags, and teenage girls performing the traditional Gulf hair-toss dance—Al Ayyala. At the Fifth GCC-US Summit in Riyadh, Saudi Arabia pledged its full support for the ongoing US-Iran nuclear negotiations and voiced optimism that the talks would yield positive results contributing to regional stability. It's believed that Washington has offered a new nuclear proposal to Iran during the fourth round of talks in Muscat on May 11, and there are high chances of the success of the back-channel diplomacy. Saudi Arabia is on a mission to revolutionise both public sector services and private enterprises through cloud-based, Artificial Intelligence (AI)-driven innovation. This ambitious vision is supported by substantial national investments and landmark initiatives, positioning the Kingdom as a rising global technology leader. uring President Trump's State visit, Saudi Arabia agreed to $600 billion in investments, though some of the projects listed were already in the works. An additional 145 deals worth more than $300 billion were reportedly signed at an adjacent investor conference attended by several US billionaires and prominent business executives. A $142 billion agreement for the Saudis to buy military equipment and services from more than a dozen US defence firms is included in the agreement Trump signed, the White House said. The $600 billion investment also includes $20 billion from Saudi firm DataVolt for AI data centres and energy infrastructure in the US, and $80 billion in technologies in both countries from Google, DataVolt, Oracle, Salesforce, AMD, and Uber. More than $2 billion in work by American firms in Saudi infrastructure projects, including King Salman International Airport and the Qiddiya City entertainment complex, was also part of the agreement. The US is trying to maximise its presence—when Chinese tech and cloud companies are vying in West Asia. Saudi Arabia and China's Huawei inked an MoU in 2022 to develop cloud computing and high-tech infrastructure in Saudi. Saudi Arabia will be using Elon Musk's Starlink satellite services for aviation and maritime shipping. Saudi-firm Humain will acquire 18,000 AI chips from Nvidia, in addition to the company's deals with Global AI, Cisco, and Amazon for several high-impact AI services. The US-based AMD has unveiled a $10 billion partnership with Saudi Arabia to supply chips and software for AI data centres. During his visit, the US and Qatar signed an agreement for investments between the two countries worth more than $243.5 billion, with plans to increase this amount to $1.2 trillion in the future. As part of the agreement, Qatar will pour $10 billion into a US military facility and purchase $42 billion in weapons from the US. One of the largest commercial deals made in Doha includes Qatar Airways purchasing 210 Boeing jets valued at $96 billion. Additionally, Al Rabban Capital of Qatar partnered with the Quantinuum computing company to invest $1 billion in quantum technology and workforce development in the US. The agreement also covers several defence-related deals, such as a $1 billion contract for drone defense technology from Raytheon RTX and a $2 billion agreement for remotely piloted aircraft from General Atomics. Qatar is one of the most significant US strategic partners outside the NATO fraternity. Al Udeid Air Base, also known as Abu Nakhla Airport, is a strategically significant military facility located west of Doha in Al Wakra. The base hosts a wide array of coalition forces and military assets, making it a central hub for international defense cooperation in the region. The base features the longest air landing strip in the Gulf region. In his UAE visit too, Trump made a personalisation of diplomacy. While in the UAE, Trump paid obeisance to Sheikh Zayed Grand Mosque. Among the big deals made, the agreement includes a $14.5 billion commitment from Etihad Airways to purchase 28 Boeing 787 and 777X aircraft equipped with GE engines. Emirates Global Aluminium is all set to pump $4 billion into an aluminum project in Oklahoma. The Emirates is passionate about AI and innovation-driven initiatives. Sheikh Tahnoon bin Zayed Al Nahyan, who serves as chairman of the Artificial Intelligence and Advanced Technology Council (AIATC), is dedicated to establishing his nation as a global leader in AI. The US and the UAE announced plans to build the largest AI data centre outside the US, in Abu Dhabi. The Emirati firm G42 will construct the facility, which will cover 10 square miles and have a 5-gigawatt capacity, according to the US department of commerce. China is gaining a prominent position in the Middle East and African region via the Middle East corridor. The Middle East serves as a strategic geopolitical corridor connecting East Asia with Europe and Africa. Beijing is developing ports, logistics corridors, and several other facilities across the Gulf region, enhancing its influence over critical maritime and overland trade routes. In the whirlwind visit, President Trump made his stance on Syria very clear. Surprising the world, President Trump shook hand and held meeting with interim Syrian President Ahmad al-Sharaa, who was once a designated terrorist. Saudi Arabia has taken a constructive role behind the new equation of US and Syria. The US no longer wants another adversary in the region who may place Washington in an uncomfortable position. For the obvious reason, he doesn't want Russia, China, or Iran to exercise influence in Syria. China is gaining a prominent position in West Asia and Africa via the Middle East corridor. The Middle East serves as a strategic geopolitical corridor connecting East Asia with Europe and Africa. Beijing is developing ports, logistics corridors, and several other facilities across the Gulf region, enhancing its influence over critical maritime and overland trade routes. The projects are bringing continents closer, elevating Beijing's stature. Trump's Gulf tour, from mosques to military deals, redefined the alliances and nature of dealing with the region. This article is authored by Ayanangsha Maitra, journalist and fellow with Centre for Geoeconomics for the Global South, UAE.
