AWS’ plans for a nuclear-powered data center face a significant setback

AWS’ plans for a nuclear-powered data center face a significant setback

Talen Energy, a US energy company, is facing opposition from several major utilities regarding its recent deal with AWS for a data center project. The opposing group, which includes companies like American Electric Power and Exelon, claims that the deal will lead to higher energy bills for consumers and potential issues with grid availability. However, … Read more

ORCL Stock Recovers from Setback on NYSE

ORCL Stock Recovers from Setback on NYSE

Oracle’s recent quarterly reports show that the company’s cloud business is booming, with a 20% year-over-year growth, while the rest of the company shrunk by 5%. This has led to a 3% revenue increase for the quarter and a promising 6% increase in the first quarter guidance. Oracle’s shift to cloud-based services, particularly in SaaS … Read more

Nvidia faces major setback with $646 billion loss in historic bloodbath: ‘Cause for alarm’

Nvidia faces major setback with 6 billion loss in historic bloodbath: ‘Cause for alarm’

Nvidia has experienced a significant stock loss over the past three days, setting a record for the largest three-day decline in history. The company, known for its artificial intelligence technology and microchips, had seen a remarkable rise in value since 2023, becoming the largest and most valuable company in the world in terms of market … Read more