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Tech News
Alibaba shares rose about 3% in Hong Kong after the company revealed its next-generation Zhenwu V900 AI chip, claiming triple the performance of its predecessor released in May. At its Apsara Conference in Hangzhou, Alibaba also outlined plans to grow its cloud unit's global data center capacity beyond 20 gigawatts by 2032 and confirmed its Qwen 4 model is currently in training.
Texas Gov. Greg Abbott directed the Texas Commission on Environmental Quality to stop issuing data center-related permits until ERCOT finishes auditing the state's grid connection waitlist. This broadens an August moratorium that had already paused new grid approvals for data centers, extending the freeze into environmental sign-offs needed for construction.
Data Center Watch reports that local resistance blocked or delayed $68 billion worth of data center construction between April and June 2026, driven by concerns over water use, electricity demand, land, and noise. Despite this pushback, hyperscalers have poured over $1 trillion into data infrastructure since 2023, with $745 billion more expected this year alone, and total data center investment is still projected to reach $32 trillion by 2050.
AMD has crossed a $1 trillion market valuation, becoming the fourth US chipmaker to hit that milestone after Nvidia, Broadcom and Micron. Its stock has nearly tripled in 2026, rising from around $223 in January to over $607 currently, fueled by strong AI-driven demand. Intel, despite a 208% year-to-date share gain, remains far behind with a market cap of about $643.5 billion.
Creative studio Basura teamed up with producer Alan Wilkis's project Big Data to launch 'Adopt a Data Center,' a stuffed toy called Bezzy shaped like a server rack with googly eyes and limbs. Squeezing the plushie plays an actual recording of the piercing hum captured by a neighbor near a Virginia data center, timed to release alongside a new Big Data single.
Amazon Web Services has confirmed that customer data hosted in its Bahrain and United Arab Emirates regions was permanently lost following Iranian drone strikes on data centers six months ago. AWS said one of three UAE availability zones and all three Bahrain zones suffered damage beyond what its backup systems could withstand, and it remains unable to restore access to some resources.
Speaking at a UK summit alongside King Charles III, Nvidia CEO Jensen Huang predicted the company would sell twice as many chips in the coming year compared to this year. This follows Nvidia's recent guidance of roughly 70% revenue growth for its fiscal year ending January 2028, reaching about $673 billion, a figure that already pushed analyst estimates higher.
CNBC's Jim Cramer said this week that despite growing safety concerns raised by Anthropic CEO Dario Amodei, he expects AI investment to keep accelerating because companies like Anthropic and OpenAI are generating too much revenue to slow down. After conversations with executives at Salesforce's Dreamforce conference, Cramer said he remains bullish on data center component makers and cybersecurity firms like Palo Alto Networks, Okta and CrowdStrike.
Arm Holdings CEO Rene Haas told CNBC's Jim Cramer that his confidence in reaching $2 billion in revenue for the company's new AGI CPU has increased since the July earnings call. Arm first flagged $2 billion in demand visibility in May, double its earlier $1 billion estimate, but had held off raising guidance while working to secure sufficient manufacturing capacity.
Amazon Web Services has confirmed that customer data hosted in its Bahrain and United Arab Emirates regions was permanently lost following Iranian drone strikes on its data centers months earlier. An AWS status update posted September 15 said the company could not restore data in one UAE availability zone and across all three availability zones in Bahrain, though recovery work continues elsewhere.
A New York Times/Siena University poll of 1,503 likely voters conducted in early September found 61 percent opposed building data centers for AI, with only 14 percent strongly supportive. Opposition skewed heavily among Harris voters and non-voters, while 2024 Trump voters were nearly evenly split between support and opposition. Environmental and water-use concerns topped the list of reasons for opposition, followed by community impact and general distrust of AI.
Digital Realty CEO Andrew Power said warnings of a potential AI development slowdown from firms like Anthropic, OpenAI and xAI would not mean a halt to data center real estate demand. He argued that non-AI digital transformation and cloud computing growth remain strong drivers for his business, even as Digital Realty and Equinix shares fell on Monday amid AI slowdown fears.