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☆ These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America
▼ + stars: | 2024-04-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The rise in power demand for data centers — which are booming from the need to support a new world of AI technologies — is also fueling demand for the providers of data center parts. "Expected power usage for U.S. data centers under construction is equivalent to more than 50% of the power currently used by U.S. data centers. Several years out, even after these data centers are constructed, some expect data center power consumption to double again," analyst Thomas Thornton wrote in a Wednesday note. Management is raising its own capital expenditures for the first time in a decade to meet the power demand for data centers, BofA added. To be sure, analysts mentioned that data center demand will likely exceed supply.

Persons: Thomas Thornton, Thornton, BofA, David Barden, Barden, Equinix, Eaton Organizations: Bank of America, Caterpillar, Management, Realty Trust, Digital Realty, Software, Aspen Tech, Constellation Energy, Dominion Energy

☆ Booming construction of AI data centers is creating constraints on the power grid. These 6 stocks are set to profit from the demand for better infrastructure, according to Bank of America.
▼ + stars: | 2024-04-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

It called this strategy "The AI trade after the trade" and identified 50 stocks that could fall under this category. It takes massive data centers to train and distribute LLMs for public use. An April 17 note from Bank of America led by Thomas Thornton, the head of research marketing, estimates that data centers under construction will initially increase power usage from these facilities by 50%. For the electrical and thermal equipment needed to run data centers, investors can look to Vertiv (VRT), according to Andrew Obin, a research analyst at Bank of America. As demand for data centers grows, these companies are experiencing increased pricing power, according to research analyst David W. Barden.

Persons: Goldman Sachs, there's, Thomas Thornton, It's, Andrew Obin, Michael Feniger, David W, Barden Organizations: Nvidia, AMD, Microsoft, Google, Business, Bank of America, Caterpillar

☆ Rebel Wilson said Universal Pictures wanted to get rid of the original 'Pitch Perfect' cast for third film because they were 'too old'
▼ + stars: | 2024-04-04 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Rebel Wilson said the studio wanted to get rid of the original cast for "Pitch Perfect 3." AdvertisementRebel Wilson said Universal Pictures wanted to replace the original "Pitch Perfect" cast with younger actors because they were "too old." The Australian star plays "Fat Amy," one of the Barden Bellas in the "Pitch Perfect" trilogy. "Pitch Perfect 2" made $287 million according to Box Office Mojo, and it earned more than the original film in the first five days of release, per The Wrap. AdvertisementWilson also noted that her housekeeper's niece happened to be in a research group to ask the public what they'd want to see in "Pitch Perfect 3."

Persons: Rebel Wilson, Wilson, Hailee, —, Amy, Oscar, Jojo Rabbit, Hailee Steinfeld, Steinfeld Organizations: Universal Pictures, Service, Barden Bellas, Office Mojo, Business

☆ There's a little-known way to invest in the AI revolution: real estate. Bank of America breaks down the opportunity to profit from the under-the-radar stocks powering it.
▼ + stars: | 2023-09-09 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

Data centers are perfectly positioned to take advantage of this trend, according to BofA. David Barden breaks down the opportunity for data center REITs, and which companies will profit. 2 data center giants ready for liftoffWith data centers poised to profit from the AI explosion, the only question remaining is which data center providers make the best investments now. "DLR's business model should, however, position it to develop facilities with the power density required to host large AI model Training," Barden wrote. While Equinix can capitalize on AI sooner rather than later, Digital Realty Trust's larger capacity makes it perfect for "larger, longer-dated AI training model environments," Barden wrote.

Persons: David Barden, Haim Israel, Barden, EQIX Organizations: Semiconductors, Software, Bank of America, Realty Trust, Digital Realty Trust, Digital Realty

☆ AI could be biggest growth opportunity for data center stocks since the cloud, says Bank of America. Two picks to play it
▼ + stars: | 2023-09-07 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The rise of artificial intelligence could revolutionize data center stocks, according to Bank of America. Analyst David Barden wrote in a Thursday note that "AI could evolve to be the largest data center growth opportunity since the cloud," and added that growing demand for computing will underpin the expansion. Barden expects that interest will soon spill over to data center firms. To play the growth of AI in the data center segment, Barden pointed toward Digital Realty Trust and Equinix . Shares of Digital Realty and Equinix have soared roughly 50% and 13% since Nvidia's May 24 earnings report.

Persons: David Barden, Barden, " Barden, Equinix, — CNBC's Michael Bloom Organizations: Bank of America, Digital Realty Trust, Digital Realty, Nvidia's, Digital

☆ Bank of America sees more gains ahead for this data center stock thanks to incremental A.I. opportunity
▼ + stars: | 2023-06-23 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors should expect data center stock Equinix to build on its already solid gain for this year, according to Bank of America. The bank reiterated a buy rating on shares of Equinix and raised its price target on them to $850 from $750. Barden added that while the AI opportunity has yet to be fully realized, the prospect for a deeper investment in the space could "create business tailwinds at a later date." Equinix shares are up 14% this year. Over the past month, the stock is also up 7.2% — outpacing the S & P 500 in that time.

Persons: David Barden, Barden, Charles Meyers, — CNBC's Michael Bloom Organizations: Bank of America, TAM Locations: Equinix

☆ Biden says the gun safety movement has reached a ‘tipping point’ as he marks one year since passage of major legislation
▼ + stars: | 2023-06-16 | by ( Priscilla Alvarez Sam Fossum Donald Judd | Priscilla Alvarez | Sam Fossum | ) edition.cnn.com time to read: +9 min

The administration has also implemented two dozen executive actions to try to reduce gun violence. But in the absence of congressional action, the White House has turned its focus to state action to try to reduce gun violence. Ten years later, gun violence remains a challenging issue for the White House. But since the law was signed last year, further action on gun violence has stalled in Congress. But gun violence rates more broadly in our cities are going down this year for the first time in a long time,” Murphy told CNN.

Persons: Joe Biden, ” Biden, Biden, –, Barack Obama, “ You’ve, we’ve, he’s, Democratic Sen, Chris Murphy, “ I’m, Sen, Chuck, Schumer, ”, Murphy, Richard Blumenthal, Mark Barden, Sandy, “, Everytown, Giffords, it’s, ” Murphy, Miguel Cardona, Xavier Becerra Organizations: CNN, National Safer Communities, Safer, White, University of Hartford, Sandy Hook Elementary, Capitol, Democratic, Republicans, Democrats, Elementary, Federal Emergency Management, Department of Health, Human Services, Department, Education, of, Mental Health, HHS Locations: Connecticut, United States, Newton , Connecticut, Nashville, Buffalo , New York, Uvalde , Texas, Friday’s

☆ Bank of America double-downgrades Dish, predicts shares could fall nearly 20%
▼ + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The outlook for Dish Network looks difficult in the months ahead, according to Bank of America. Analyst David Barden double-downgraded the satellite TV provider to underperform from buy, saying in a Tuesday note that shares could fall nearly 20% as the timeline for its wireless network service build-out extends. Shares slumped 5.8% premarket on the downgrade, positioning the company to build on a 13% loss this year. According to the analyst, Dish's goal to utilize its network advantage to benefit from 5G growth may also face headwinds near term. DISH 1D mountain Dish shares fall on Bank of America double downgrade — CNBC's Michael Bloom contributed reporting

☆ Ten years after Sandy Hook shooting, Connecticut town spends a day in reflection
▼ + stars: | 2022-12-14 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

[1/8] Dr. Anthony Salvatore, co-president of the Connecticut Federation of School Administrators lays roses on the Sandy Hook Permanent Memorial as part in a wreath laying ceremony hosted by The National Teachers Hall of Fame to mark the 10th anniversary of the shooting at Sandy Hook Elementary School in Newtown, Connecticut, U.S., December 14, 2022. Wearing a green sweater - the Sandy Hook school color - he walked the memorial, stopping at the names of the children who now would have been 16 and 17. He renewed a call to ban the kind of military-style rifles used in Sandy Hook and many other mass shootings. Mark Barden, whose 7-year-old son Daniel was killed at Sandy Hook, is one of several parents who channeled their grief into advocacy. He co-founded Sandy Hook Promise, a nonprofit that aims to educate teachers and students about warning signs that can be used to identify likely mass shooters.

☆ Sandy Hook families focus on pushing for change, decade after shooting
▼ + stars: | 2022-12-09 | by ( Daniel Fastenberg | ) www.reuters.com time to read: +4 min

[1/3] A general view of Sandy Hook prior to the 10th remembrance of the Sandy Hook school massacre in Newtown, Connecticut, U.S., December 8, 2022. He was among 20 first graders gunned down inside Sandy Hook Elementary in Newtown, Conn., on Dec. 14, 2012. At least 11 school shooting plots have been foiled in recent years because of the training Sandy Hook Promise provided, the group says. Speakers included former U.S. President Barack Obama, who was in the White House when the Sandy Hook shooting took place. Mark Barden, whose son, Daniel, was killed at Sandy Hook, co-founded Sandy Hook Promise with Hockley.

The families claimed Jones profited off the lies while they were harassed and abused by those who believed him. This is the second trial related to his Sandy Hook conspiracy theories. In August, a Texas jury ordered Jones to pay nearly $50 million in damages to Scarlett Lewis and Neil Heslin, whose son Jesse was killed in the massacre. “Every single one of these families were drowning in grief, and Alex Jones put his foot right on top of them." A defiant Jones said he believed Sandy Hook was a hoax when he spread his lies.

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