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Yahoo
30-07-2025
- Business
- Yahoo
AI Chips Today - BluSky Expands with Strategic Delta Data Center Land Acquisition
BluSky AI Inc. has announced a significant step in its strategic expansion by signing a non-binding letter of intent to acquire 25 acres of land within Creekstone Energy LLC's Delta Data Center Development. This acquisition will provide BluSky with access to up to 50 megawatts of scalable power, crucial for meeting the increasing demand for efficient and secure AI capabilities. The Delta Gigasite offers a unique advantage due to its location at the convergence of high-density fiber, renewable energy corridors, and tech growth zones. This initiative is part of BluSky's roadmap to develop next-generation AI compute campuses, aligning with sustainability and modular innovation goals. The company expects to finalize the transaction by the fourth quarter, with subsequent groundbreaking in late 2026. Elsewhere in the market, was a standout up 3.1% and finishing the session at CN¥123.99. In the meantime, lagged, down 5.9% to finish the session at HK$50.20. Semiconductor Manufacturing International's aggressive capacity expansion is rapidly transforming its market position despite margin pressures. Discover more about SMIC's evolving landscape by exploring our in-depth narrative on the company. You may also want to check out our Market Insights article titled "A.I. Enters the 'Show Me The Money' Phase," exploring the evolving landscape of AI Chips and the opportunities for savvy investors; act now before the window closes! Best AI Chip Stocks ended the day at $177.44 up 2.2%, near its 52-week high. finished trading at $175.51 down 0.7%, not far from its 52-week high. This week, onsemi announced collaborations with NVIDIA on 800 Volt Direct Current power solutions to enhance AI data center efficiency and sustainability. ended the day at €623.00 down 0.8%. Seize The Opportunity Click this link to deep-dive into the 56 companies within our AI Chip Stocks screener including Taiwan Semiconductor Manufacturing, Lam Research and Advanced Micro-Fabrication Equipment China. Looking For Alternative Opportunities? This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "BluSky AI Inc. Signs Letter of Intent to Acquire 25 Acres with up to 50 MW of Capacity in Strategic Expansion" from BluSky AI Inc. on GlobeNewswire (published 29 July 2025) Companies discussed in this article include SHSE:603986 NasdaqGS:AMD NasdaqGS:NVDA ENXTAM:ASML and SEHK:981. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
South China Morning Post
09-05-2025
- Business
- South China Morning Post
Hong Kong stocks waver ahead of US-China trade talks in Switzerland
Hong Kong stocks fluctuated between losses and gains for most of the morning session after US President Donald Trump said that the trade talks with China on the weekend could lead to 'substantive' tariff cuts. Advertisement The Hang Seng Index edged up 0.01 per cent to 22,777.88 at the noon break, having risen as much as 0.6 per cent before retreating 0.4 per cent. The Hang Seng Tech Index declined 1.6 per cent. On the mainland, the CSI 300 Index fell 0.2 per cent, while the Shanghai Composite Index eased 0.3 per cent. Chow Tai Fook Jewellery rose 3.8 per cent to HK$10.88 and Sun Hung Kai Properties was up 3 per cent to HK$78.65. Chipmaker Semiconductor Manufacturing International, which reported a 28 per cent year on year increase in revenue for the first quarter, fell 6.9 per cent to HK$42.05. State-owned developer China Resources Land fell 3 per cent to HK$25.50. Dickie Wong, executive director of research at Kingston Securities, said investors were resorting to profit-taking following the market's rally over the past few days. Investors were likely to take a wait-and-see approach over the next few days to see how the trade talks play out, he added. Chinese Vice-Premier He Lifeng will meet US Treasury Secretary Scott Bessent this weekend in Switzerland. Trump said on Thursday that he believed the negotiations would result in tangible progress. Advertisement 'I think it's going to be substantive,' Trump said, while announcing a framework trade agreement with the UK, the first such deal since he imposed sweeping tariffs on April 2 on all trading partners. The agreement, which is seen by many as limited, still maintains 10 per cent duties on UK exports.
