Latest news with #DataCenter
Axios
14 hours ago
- Politics
- Axios
How New Orleans can fix its low voter turnout
Over the last 20 years, New Orleanians have grown to feel a stronger connection to the city, while distancing themselves from its politics, according to a new report. Why it matters: That sets up an interesting framework as the city is poised to elect new leadership this fall. The big picture: The report, authored by Dillard University urban studies and public policy professor Robert Collins, is part of a collection of papers from the Data Center and the Brookings Institution examining how the metro has changed since Hurricane Katrina in 2005. To be a resilient community, Data Center chief demographer Allison Plyer says, New Orleans needs a diverse economy, access to wealth, wellness and social cohesion. What she's saying: "Social cohesion is critically important for coming together around community problem-solving after a disaster," Plyer said during a press briefing on the reports. Zoom in: Thrust into navigating the local, state and federal spotlight while rebuilding a city, Hurricane Katrina catalyzed a burst of civic engagement for New Orleanians, Collins argues. By the numbers: When New Orleans went to the polls for an April 2006 mayoral primary — despite all the post-Katrina challenges standing in their way to do so — voter turnout was 37.5%. It increased to 39.9% for the general election that followed in May. "Many residents believed that the new interest in civic life ... would spill over into politics. And for one election, it did," Collins writes. "But this heightened interest did not last. ... The 2006 mayor's election turned out to be a 20-year highwater mark." Voter participation has declined since, even while social cohesion —engagement with things like social clubs, nonprofits, mutual aid groups and other grassroots organizations — deepened. The intrigue: Collins says the drop in voter participation is likely the result of a broken feedback loop. Put simply, people do things when they get rewarded, and they stop doing them if they don't. It becomes easy to think, "I voted [but] my house still floods when we have a minor hurricane, and I still get overcharged by Sewerage and Water, and my electricity still goes out sometimes on a summer afternoon even when there's no weather, and I still can't get the services I need with garbage pickup," he says.
Yahoo
5 days ago
- Business
- Yahoo
AMD stock falls more than 6% on disappointing Q2 data center results
Shares of (AMD) dropped more than 6% in early trading Tuesday, after posting disappointing Data Center revenue as part of its second quarter results Wednesday. The company missed on adjusted earnings per share (EPS) but beat analysts' expectations on overall revenue. Still, Data Center segment revenue topped out at just $3.2 billion, which was in-line with Wall Street's expectations. Read more: Live coverage of corporate earnings The company did, however, provide better-than-anticipated Q3 guidance of between $8.4 billion and $9 billion. Wall Street was expecting $8.3 billion. For Q2, AMD saw adjusted EPS of $0.48 on revenue of $7.6 billion. Wall Street was expecting EPS of $0.49 on revenue of $7.4 billion, according to Bloomberg consensus estimates. AMD said it saw an $800 million impact from the Trump administration's ban on the sale of the company's MI308 AI chips to China. That resulted in an operating loss of $155 million in the quarter. Nvidia took a $4.5 billion write-down from the ban in Q1 and said it expects an $8 billion hit in its second fiscal quarter. Trump reversed course on the ban last month, which should help make up for some of those losses in the coming quarters. AMD should also benefit from the launch of its MI350 line of AI chips, designed to go toe-to-toe with Nvidia's Blackwell-powered chips. According to AMD, the MI350 line, which includes the MI350X and MI355X, offers four times the AI compute performance and a 35x increase in inferencing capabilities versus its predecessors. Beyond the Data Center segment, AMD's Client business, which includes sales of CPUs for desktops and laptops, generated $3.6 billion in revenue versus an anticipated $2.5 billion. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley.
Yahoo
04-08-2025
- Business
- Yahoo
Amphenol to buy CommScope's broadband connectivity, cable unit for $10.5 billion
(Reuters) -Fiber-optic cable maker Amphenol said on Monday it will buy CommScope's connectivity and cable solutions business for $10.5 billion in an all-cash deal. Shares of CommScope surged 42% in premarket trading, while Amphenol rose about 2%. The transaction aims to bolster Amphenol's portfolio, particularly by adding fiber optic interconnect products for artificial intelligence and other data center applications. The deal is expected to close in the first half of 2026 and will add to Amphenol's diluted earnings per share in first full year after closing. 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
30-07-2025
- Business
- Yahoo
AMD Q2 Earnings Preview: What to Expect From Upcoming Report
July 28 - Advanced Micro Devices will unveil its Q2 FY2025 earnings on August 5, after markets close. Investors look for fresh guidance on revenue, margins and export?license impacts as AMD's data?center unit captures growing hyperscaler demand. Analysts forecast that AMD will post Q2 2025 earnings of $0.48 per share, about 30% lower than a year ago, while revenue is projected to rise 27% to $7.41 billion. Warning! GuruFocus has detected 5 Warning Signs with AMD. In Q1, AMD posted $7.44 billion in sales, up 36% year?over?year, and non?GAAP EPS of $0.96, a 55% increase that beat consensus by nearly 4.5% and 2.8%, respectively. Adjusted gross margin reached 54%, while EBIT margin held at 24%, underscoring significant operational leverage. The Data?Center segment led growth, generating $3.7 billion, up 57%, driven by strong adoption of fifth?gen EPYC Turin processors and Instinct GPU accelerators. AMD notes over 30 new cloud instances from Alibaba, Amazon Web Services, Google Cloud, Oracle and Tencent. Client & Gaming revenue climbed 28% to $2.9 billion, supported by high?end Ryzen CPUs, while Embedded sales edged down 3% to $823 million. Looking ahead, management likely will address export?license delays. AMD previously warned of a $1.5 billion hit to full?year sales due to export restrictions; pending approvals could restore up to $700 million in near?term revenue. CEO Lisa Su told Reuters that AI infrastructure ranks as the company's top priority, a view reinforced by the recent ZT Systems acquisition to bolster rack?scale solutions. Several analysts also remain bullish in spite of certain doubts on margin pressure. They cite AMD's success in beating their revenue targets and anticipate top-line beat, even as EPS growth may moderate. As the demand for data centers and AI continues to climb, AMD seems to put its foot firmly into its server-CPU share gains next week. This article first appeared on GuruFocus. 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
E&E News
25-07-2025
- Business
- E&E News
Marjorie Taylor Greene blasts Trump over AI environmental impacts
President Donald Trump's push to speed up permitting for data centers could strain water resources and yield 'potentially devastating' consequences for the environment, Rep. Marjorie Taylor Greene (R-Ga.) said Thursday. In a post on X, Greene criticized the president's recent executive order, 'Accelerating Federal Permitting of Data Center Infrastructure,' for pushing for an expansion of artificial intelligence infrastructure without regard to data centers' high consumption of water. 'My deep concerns are that the EO demands rapid AI expansion with little to no guardrails and breaks,' Greene wrote in the post. Advertisement It's not the first time that Greene, a far-right Republican, has clashed with others in MAGA world over AI policies. She also vocally opposed a provision in the reconciliation bill this year that was ultimately taken out that would have prevented states from regulating AI for 10 years.
