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Data Centers 3 May 2026 - 10 May 2026

Coherent Stock Rebounds as AI Data-Center Demand Puts Its Capacity Race in Focus

Coherent Stock Rebounds as AI Data-Center Demand Puts Its Capacity Race in Focus

SAXONBURG, Pennsylvania, May 10, 2026, 11:00 EDT Coherent Corp bounced back on Friday, with shares climbing 5.03% to finish at $335.26 after a rough earnings reaction that saw the stock tumble 7.39% the day before. Investors looked past the immediate hit, focusing instead on whether the appetite for AI data-center optics will continue to outstrip the company's ability to keep up. U.S. markets didn’t open on Sunday.
10 May 2026
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Why Hut 8 Stock Is Suddenly a $9.8 Billion AI Data Center Bet

Why Hut 8 Stock Is Suddenly a $9.8 Billion AI Data Center Bet

Hut 8 Corp. ended Friday’s U.S. session at $98.46, a drop of $2.81 from its previous close, with investors weighing just how much of the week’s AI-driven data-center surge would stick around. Rosenblatt Securities on Friday bumped its price target up to $124 from $89 after Hut 8’s new lease in Texas marked another pivot from its bitcoin-mining roots toward AI infrastructure. Hut 8’s pitch is straightforward, but the stakes are high: it wants investors to see it not as a crypto miner, but as a data-center landlord with serious power infrastructure. That’s a key distinction, especially since AI model training and inference chew through electricity, space, and cooling — all core to miners’ existing operations. For firms with energy-heavy sites, the bet is that AI could be their next chapter.
10 May 2026
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NextEra Energy (NEE) AI Power Bet Hits Kansas Data Center Snag

NextEra Energy (NEE) AI Power Bet Hits Kansas Data Center Snag

Juno Beach, Florida, May 9, 2026, 13:02 Officials in Sedgwick County, Kansas, have pushed back the deadline for lifting a freeze on new data center applications to Sept. 11. That move keeps development on hold locally, even as NextEra Energy Inc. remains linked to land activity in the region for potential major computing sites. Local public radio noted both NextEra and Monarch Energy have either purchased or been working on deals for properties in Garden Plain, Colwich, and Andale, all just west of Wichita.
9 May 2026
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MaxLinear Stock Nears $100 as AI Data-Center Rally Sets Up a Shareholder Test

MaxLinear Stock Nears $100 as AI Data-Center Rally Sets Up a Shareholder Test

Shares of MaxLinear Inc. shot up over 21% Friday afternoon, reaching as high as $101.20. Investors piled in on the chipmaker’s AI data-center narrative. Lately, the stock hovered near $100, putting the Carlsbad, California firm’s market cap at roughly $8.8 billion. This time, the timing is key: the surge arrives just ahead of a pivotal MaxLinear shareholder vote on the company’s equity plan. In proxy documents filed Friday, MaxLinear said investors will decide at the May 20 annual meeting whether to approve changes to its 2010 equity incentive plan—specifically, an extra 3,204,107 shares to be set aside. Glass Lewis is on board with the proposal; ISS isn’t, urging a no vote. Chief Financial Officer Steven Litchfield pointed out shares have soared 374% since the March 23 record-date closing price of $17.14, hitting $81.23 as of May 6. That, he argued, means the new share pool could last “four or more years.”
8 May 2026
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SiTime Stock Jumps 28% as AI Data-Center Demand Almost Doubles Sales

SiTime Stock Jumps 28% as AI Data-Center Demand Almost Doubles Sales

SANTA CLARA, California, May 7, 2026, 15:02 PDT Shares of SiTime Corporation skyrocketed Thursday, with the Santa Clara chipmaker posting a big first-quarter revenue gain and boosting its full-year forecast. That was enough to catapult this niche timing component supplier into the top ranks among AI infrastructure stocks for the session. The stock finished up 27.9% at $797.31, logging a fresh intraday record, according to Investor’s Business Daily.
8 May 2026
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Why Hut 8 Stock Is in Focus After a $9.8 Billion AI Data Center Deal

Why Hut 8 Stock Is in Focus After a $9.8 Billion AI Data Center Deal

Hut 8 Corp. landed a $9.8 billion, 15-year lease deal for phase one of its Beacon Point AI data center campus in Nueces County, Texas, marking a major step as the company moves further into AI-powered infrastructure beyond its bitcoin mining roots. The company didn’t disclose the tenant’s name but described it as a high-investment-grade firm set to tap 352 megawatts of IT capacity—essentially the power available to run servers and associated hardware. Timing here is key: power infrastructure has turned into one of the toughest challenges in the AI expansion. Investors are shifting focus, rewarding firms with control over land, grid hookups, and heavy-duty facilities—instead of just chasing chipmakers or software providers. Hut 8 shares, which surged more than 25% in early trading Wednesday after a Reuters report, settled back on Thursday, down about 13% at $94.41.
7 May 2026
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NANO Nuclear Stock Jumps as Supermicro AI Data Center Pact Puts Microreactors in Play

NANO Nuclear Stock Jumps as Supermicro AI Data Center Pact Puts Microreactors in Play

NANO Nuclear Energy Inc. said Wednesday it’s entered a non-binding memorandum of understanding with Super Micro Computer Inc., targeting the use of NANO’s microreactors as a power source for AI data centers. The collaboration would look at integrating NANO’s KRONOS MMR energy system alongside Supermicro’s server racks, AI hardware, cooling solutions and support services. The deal comes as power supply is tightening for the AI sector. On Wednesday, Reuters reported that Microsoft is considering pushing back or even scrapping its 2030 clean-power matching target, pressured by surging data-center demand. Exelon, for its part, has increased its capital spending plan, pointing directly to robust power needs and the expansion of data centers.
6 May 2026
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Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 Corp. shares shot up over 32% early Wednesday after the company inked a 15-year lease valued at $9.8 billion for its Beacon Point data center campus in Nueces County, Texas. The move digs the bitcoin miner and data center operator deeper into AI infrastructure. The first phase of the deal covers 352 megawatts of IT capacity—dedicated to servers and related gear. Power is emerging as a chokepoint for AI expansion, making this deal notable right now. Hut 8 says the contract bumps its total AI data center capacity up to 597 MW. Base-term contract value jumps to roughly $16.8 billion, anchoring more of its future revenue to long-term, large-scale compute contracts instead of just bitcoin-driven business.
6 May 2026
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Cipher Digital Stock Jumps After $200 Million Credit Line, New AI Data Center Lease

Cipher Digital Stock Jumps After $200 Million Credit Line, New AI Data Center Lease

Cipher Digital Inc. shares jumped Tuesday, even as the company posted a deeper first-quarter loss. Investors zeroed in on Cipher’s announcement of a third AI data center campus lease and a fresh $200 million revolving credit line to back its move away from bitcoin mining. This update carries weight as Cipher—earlier this year rebranded from Cipher Mining—pushes to show it can shift its energy-intensive crypto infrastructure into lasting data center leases tailored for high-performance computing, or HPC, the industry term for sites handling AI and other compute-heavy jobs. Latest quarterly numbers make the strain clear: mining revenue dropped, losses deepened, and the outlays for construction and financing only got heavier.
5 May 2026
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Eaton Stock Falls Despite Record Q1 as AI Data-Center Boom Tests Margins

Eaton Stock Falls Despite Record Q1 as AI Data-Center Boom Tests Margins

Dublin, May 5, 2026, 19:03 Irish Standard Time. Eaton stock slipped roughly 2% in New York on Tuesday. The power-management giant delivered record first-quarter sales and bumped up its 2026 organic growth projection, but investors zeroed in on slimmer margins and a profit forecast that came up short of expectations tied to surging AI data center demand.
5 May 2026
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IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN shares jumped on Monday after the company flipped the switch on its 1.4-gigawatt Sweetwater 1 data center in Texas, pushing a major chunk of its AI infrastructure project from the construction phase to the grid. According to the company, they’ve now tied the site’s high-voltage substation into ERCOT, Texas’s grid operator. Sweetwater 1 is part of IREN’s larger 2-gigawatt campus in the area. Timing is critical here—electricity supply has emerged as a key chokepoint for artificial intelligence infrastructure. Chips remain in short supply, but the bigger hurdle often comes down to finding locations that can absorb massive power loads fast. That’s where IREN steps in. The company’s strategy: combine parcels of land, access to substations, and clusters of GPUs—the high-performance graphics processors essential for training and running AI models—and turn that into a revenue stream.
5 May 2026
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Powell Industries’ $400 Million Data Center Order Puts Its AI Power Boom to the Test

Powell Industries’ $400 Million Data Center Order Puts Its AI Power Boom to the Test

Powell Industries Inc. reported Monday that new orders for its fiscal second quarter surged 97% to $490 million, while backlog climbed to $1.8 billion. That gives the Houston-based electrical-equipment maker a clearer revenue pipeline, even as quarterly profit declined. After the quarter wrapped, Powell landed a data center order topping $400 million. This update lands at a critical intersection of the industrial sector, where Powell operates: gear for distributing, controlling, and safeguarding electrical power. Demand is heavy—data centers, utilities, energy projects, all putting pressure on grid infrastructure. Investors are tracking if these smaller players can actually turn that surge into top-line growth, and do it without compressing margins.
5 May 2026
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Sterling Infrastructure Stock Jumps as Data-Center Work Drives Q1 Beat, 2026 Outlook Raise

Sterling Infrastructure Stock Jumps as Data-Center Work Drives Q1 Beat, 2026 Outlook Raise

THE WOODLANDS, Texas, May 4, 2026, 17:03 Sterling Infrastructure shares surged roughly 19% in late Monday trading, after the company topped first-quarter profit forecasts and boosted its full-year guidance—fueled in part by strong demand from the data center and semiconductor sectors. The stock last traded at $631.05 as of 5:42 p.m. ET, up sharply from a $529.49 close, according to MarketBeat.
5 May 2026
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Nokia Stock Hits 17-Year High as AI Data-Center Pivot Draws New Buyers

Nokia Stock Hits 17-Year High as AI Data-Center Pivot Draws New Buyers

Nokia surged 6.3% in Helsinki on Monday, hitting its highest level in 17 years. The stock’s latest run follows the company’s recent focus on AI data-center infrastructure and its decision to divest a minor fixed-wireless device segment. U.S.-listed ADRs last changed hands at $13.39 by 1546 GMT, topping the previous session’s close. It’s a shift that’s catching attention: investors are beginning to look at Nokia less as just another telecom gear name and more as an AI data center supplier. Hyperscalers—the big cloud players—are ramping up demand for the kind of high-capacity optical links Nokia provides, critical for shifting data across chips, servers, and entire sites. Last month, Reuters noted Nokia shares hit their highest level since 2010 after better-than-expected first-quarter profits and a jump in AI-related orders.
4 May 2026
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Applied Digital Stock Pulls Back After $7.5 Billion AI Data-Center Deal — What Comes Next

Applied Digital Stock Pulls Back After $7.5 Billion AI Data-Center Deal — What Comes Next

Applied Digital Corp dipped 2.04% to close at $33.55 on Friday, with traders sizing up the recent surge in the AI data-center name against uncertainties around expansion expenses and timelines. Shares swung between $35.15 and $33.30 through the session, and roughly 17.04 million shares changed hands. This is notable: Applied Digital has emerged as a closely tracked player among the smaller firms riding the AI infrastructure wave. The Dallas outfit isn’t just pitching an AI boom narrative—it’s working to convert lengthy lease deals into operational data-center space. That means wrestling with power, cooling, and financing hurdles, all of which have to align for the plan to work.
3 May 2026
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NextEra Energy Wins 3,000-MW Arizona Solar Deal as Data Centers Stretch the Grid

NextEra Energy Wins 3,000-MW Arizona Solar Deal as Data Centers Stretch the Grid

Phoenix — It’s 12:02 PM MST on May 3, 2026. NextEra Energy, Inc.’s renewables division has landed a deal to build 3,000 megawatts of solar for Salt River Project in Arizona, tapping into surging electricity demand across the Phoenix area. Salt River Project expects the solar farms online by the close of 2034, estimating enough output to supply roughly 595,000 homes in the state.
3 May 2026
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Stock Market Today

  • Spotify Says It Found Stream Manipulation After Kalshi Market Concerns
    July 2, 2026, 3:44 PM EDT. Spotify said it found stream manipulation after Caleb Davies, a leading prediction market trader, raised the issue. Davies, who trades Spotify chart odds, said bots boosted streams and influenced Kalshi outcomes. Spotify said it deleted over 500,000 fake streams, changed its chart data, and dropped the song in question from first to fourth. Kalshi already paid out bets using the initial, bad numbers but is now working with Spotify on next steps. Spotify also asked Kalshi to pull its logo from the site and said it does not vouch for the chart data. Detecting artificial streaming remains a problem for music firms and prediction markets.
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