DIRS.INFO The most relevant business & tech news

☆ 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

☆ 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

☆ Fact Check-German judges in court cases did not rule on whether measles virus exists
▼ + stars: | 2023-05-05 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Judges presiding over a German court case between 2013 and 2016 involving the measles virus settled a civil dispute about a promised payment and did not rule on the existence of the virus itself, contrary to social media posts falsely claiming the courts decided the virus does not exist. However, judges presiding over the case and subsequent appeals to which the articles refer did not rule on the existence of the measles virus, and expressly said this in court. Dr. David Bardens, a medical student, responded to Lanka’s measles virus challenge on Jan. 31, 2012. He submitted six studies (see citations in clause 21 here) which, Bardens said, provided Lanka with proof that the measles virus exists, and of its size. They did not rule on the existence or non-existence of the measles virus.

☆ 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

Search resuls for: "David Barden"

6 mentions found