Chips
Google built TPUs to avoid buying Nvidia accelerators, moved them onto its own CPUs in April, then bought AMD's processors back for the one layer it left out: confidential computing. AMD jumped about 13% on a deal neither company priced, while Nvidia slid on a separate probe of its CEO.
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InsightData Center
Nebius's capacity is counted in gigawatts while its revenue arrives in megawatts. Working the ladder from contracted to connected to billing power shows what the December guide really assumes, what a customer prepayment is, and why the debt market already ranks the neoclouds.
InsightApplications
ChatGPT already answers a fifth of Google's query volume, but the money is leaking inside Google's own results page, not to a rival. Nearly half of Alphabet's trailing profit is now paper gains, and at $280 the shares still need the bull case.
Data Center
Third-quarter revenue of $3.66 billion beat the company's own guidance and lifted the backlog to $132.5 billion, which answers the demand question for now. The same filing names who funds the next stretch of the build: customers, convertible holders and new shareholders.
Power
Tennessee just signed the grant agreement for BWXT's $714.5 million Jonesborough uranium plant, the half of the program with a paying federal customer, four days after the company launched $500 million of 2034 notes into a quarter where bookings fell to $538 million from $2.25 billion. Investors now hold one stock funding two capital programs, and only one payer is named.
Power
Kim Greene ran Georgia Power through the AI buildout; from January 1 she runs system operations and the entire generation fleet, nuclear included, just as Southern's five-year plan heads toward $100 billion and Georgia's utility regulator flips Democratic. The AI boom's binding constraint is now the grid, and Southern promoted the person who builds for it.
Deals
Deliveries run 2028 to 2029 from a US footprint whose Michigan lines are already pledged to Tesla's $4.31 billion Megapack grid-storage contract and a 160 GWh energy-storage order book. For holders of LG Energy Solution's Seoul-listed shares, 373220.KS, the bet is that the footprint grows as fast as the promises stacked on it.
Deals
The $8 billion deal doubles the largest US public pension's stake and leaves AST SpaceMobile, the listed loser of the auction, without the licenses it wanted. AT&T, Verizon and T-Mobile now face an owner of both satellites and terrestrial spectrum.
