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Tech News
CNBC's Jim Cramer said Monday that a slowdown in new data center construction favors incumbent cloud providers like Amazon, Microsoft and Alphabet rather than hurting them. Amazon shares have risen 7% since last week's midterm elections, while semiconductor and 'neocloud' names such as Micron, Sandisk and CoreWeave have fallen sharply amid growing local opposition to new AI infrastructure projects.
South Korean startup DEEPX showcased its DX-M1 AI processor in a CNBC segment using a demonstration where blocks of butter placed atop rival chips melted while butter on the DX-M1 stayed solid. CEO Kim Nok-won claimed the chip runs 25 to more than 40 degrees Celsius cooler than unnamed competitors while processing the same AI workload.
A coalition including wildlife group Buglife, nonprofit Foxglove and the Thurrock Hammers motorcycle club delivered a petition with nearly 55,000 signatures to Google's London office, urging the company to scrap plans for a large data center in Thurrock, east of London. The groups cite threats to an endangered plant and rare bumblebee habitat, pollution concerns, and loss of a motorcycle racing site. Google's sustainability director Adam Elman says the company shares concerns about biodiversity and emissions and wants the site developed sustainably.
Core Scientific announced on its November 5 earnings call that it will wind down all Bitcoin mining operations by the end of 2026, entering 2027 as a pure-play AI and high-performance computing colocation provider. CEO Adam Sullivan confirmed the exit timeline, while CFO Jim Nygaard said the mining fleet had already shrunk to roughly half its early-2026 size by the end of September. Third-quarter results showed self-mining revenue fell 79% year-over-year to $12.3 million with a $7.5 million gross loss, while colocation revenue hit $215.4 million, about 92% of total revenue.
Police say sophisticated thieves stole six pallets of Nvidia equipment worth $11.4 million after the shipment left Oakland on August 29 bound for Fort Worth, Texas. The loss wasn't discovered until early September, and investigators lost the suspect vehicle's trail in San Bernardino County after multiple lengthy stops. No suspects have been arrested.
Crusoe confirmed it sold an incomplete data center development in southeastern Wyoming to Google, after Google had reportedly raised concerns about cost and timeline delays under Crusoe's management. The project, originally launched with Tallgrass and planned to scale to 10 gigawatts, will now be developed by Google, which has committed $17 billion to the campus without disclosing the purchase price.
Activists forced their way into a Microsoft data center construction site, part of a wider wave of protests targeting the company's facilities across Europe. The demonstrations reflect growing opposition to the expansion of large-scale data center projects in the region.
Crusoe announced that Google has acquired its southeast Wyoming data center site, concluding Crusoe's pre-construction work including site selection, permitting, and power planning. The project, developed jointly with Tallgrass Energy, used a hybrid power approach combining fuel cells, grid power, and natural gas turbines, with plans for future carbon capture via Tallgrass's CO2 sequestration hub.
More than 100 demonstrators stormed a Microsoft data center site in Amsterdam, part of a wave of coordinated protests planned across Europe this weekend against the rapid buildout of data centers. The Amsterdam action targeted the facility directly, according to reports of the event.
Following a market slide tied to voter backlash against local data center projects in the midterm elections, executives from Arm, OpenAI and Qualcomm pushed back on fears of a lasting hit to AI infrastructure spending. Arm's Rene Haas called the sell-off reaction short-term thinking, OpenAI's Sarah Friar pledged continued investment and community engagement including a promise not to raise electricity bills, and Qualcomm's Cristiano Amon said data centers are only a small part of his company's business.
About 100 protesters entered a Microsoft data center construction site in Amsterdam operated by Pure Data Centers, carrying signs opposing the facility. The demonstration is part of a 'Stop Dirty Data Centers' coalition campaign planning actions at 85 locations across 16 countries, including Dublin, Warsaw, and a Microsoft site in Denmark, on November 6-7, 2026.
On Friday, around 100 activists breached fencing at an unfinished Microsoft data center campus near Amsterdam, halting construction, while hundreds more protested outside. Some demonstrators climbed a construction crane, set off smoke bombs, and hung a banner reading 'fck AI.' The action was organized by Geef Tegengas, a Rotterdam-based climate justice direct-action group.