Nvidia CEO Jensen Huang. (MANDEL NGAN/AFP via Getty Images) Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday beating analysts’ predictions on the top and bottom line as revenue jumped 50% year-over-year. Here are the most important numbers from the report compared to what Wall Street was expecting from the company, as compiled by Bloomberg. Revenue: $7.1 billion versus $6.81 billion expected. Earnings per share: $1.17 versus $1.11 expected. Gaming revenue: $3.22 billion versus… Source link
Read More »Google Says It Actually Developed Features At The Center Of Sonos Lawsuit
A Sonos Move battery-powered Bluetooth smart speaker, taken on September 26, 2019. (Photo by Phil … [+] Barker/Future Publishing via Getty Images) Future Publishing via Getty Images An on-going lawsuit between Google and Sonos continues to heat up, as Google claims ownership of Sonos’ patents. Bloomberg reports that Google claims it “conceived of the cloud queue idea” and should be the rightful owner of two patents that currently belong to Sonos. Google… Source link
Read More »Russia Data Center Market Investment & Growth Report 2021-2026 Featuring 3data, DataPro, IXcellerate, MobileTeleSystems, Rostelecom Data Centers, Yandex
Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) — The “Russia Data Center Market – Investment Analysis and Growth Opportunities 2021-2026” report has been added to ResearchAndMarkets.com’s offering. Russia data center market size will witness investments of USD 2.02 billion by 2026, growing at a CAGR of 6.56% during 2021-2026 This report analyzes the Russia data center market share. It elaboratively analyzes the existing and upcoming facilities and data center investments in terms of IT, electrical,… Source link
Read More »Intel teams with Google Cloud to develop new class of data center chip
A Google Cloud logo outside the Google Cloud computing unit’s headquarters at the Moffett Place office complex in Sunnyvale, California, U.S., June 19, 2019. REUTERS/Paresh Dave/File Photo Oct 27 (Reuters) – Intel Corp (INTC.O) and Alphabet Inc’s (GOOGL.O) Google Cloud on Wednesday said they have worked together to create a new category of chip that Intel hopes will become a major seller in the booming cloud computing market. The new chip, which is called Mount Evans and will be sold to… Source link
Read More »AMD Gives Another Bullish Forecast; Data Center Sales Double
(Bloomberg) — Advanced Micro Devices Inc. gave a strong forecast indicating that market share gains, particularly in servers, are helping it make up for a tight supply of chips. Fourth-quarter revenue will be about $4.5 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday in a statement. That compares with an average analyst estimate of $4.25 billion. The chipmaker is on course to exceed an earlier forecast and post a sales gain of 65% for 2021, it said. Most… Source link
Read More »Google buys 300 acres in Utah County, may open data center in Eagle Mountain
The tech giant may open a data center in Eagle Mountain. (Mark Lennihan | The Associated Press) Google logo is shown in 2017. The company has acquired 300 acres in Eagle Mountain. | Oct. 4, 2021, 8:00 p.m. Google has purchased 300 acres in Eagle Mountain, the rapidly growing city announced Monday, which could be the starting point for a new data center in Utah County. Eagle Mountain is already home to one of Facebook’s data centers, though the 1.5 million-square-foot facility is not yet… Source link
Read More »Will Google build a data center in Eagle Mountain, Utah, like Facebook?
A once tiny hamlet in the rolling hills west of Utah Lake, Eagle Mountain is developing a knack for attracting some of the biggest names in business. The city on Monday announced search giant Google purchased property that may host a future data center. The announcement follows a pair of other development coups in that last few years that include a massive Facebook data center and a Tyson Foods meatpacking plant. The new investments are coinciding with a booming Eagle Mountain… Source link
Read More »Key lawmaker at center of spending bill debate demands Fed end asset purchases
Sen. Joe Manchin says he will make a deal with his own Democratic party on a spending bill, but only if the Federal Reserve begins pulling back on its monetary stimulus to the economy. In a signed agreement with Senate Majority Leader Chuck Schumer (D-N.Y.), Manchin said he would only support a budget resolution with a top-line number of $1.5 trillion, with no funds in the new legislation disbursed until after all COVID-related federal spending is exhausted. Another condition: The “Federal… Source link
Read More »Google wants a lot more water and a new tax deal for big data center expansion in The Dalles
Google is negotiating to build two more data centers in The Dalles, seeking access to a lot more water and a new package of tax breaks in exchange for spending hundreds of millions of dollars to expand its facilities on the site of a former aluminum smelter. Neither Google nor the city will say how big the new data centers would be, but they figure to be huge. Google spent $1.8 billion on its server farms along the Columbia River through 2017. Google has expanded steadily in The Dalles since… Source link
Read More »Nvidia Q2 revenue jumps 68% on strength of gaming and data center businesses
Nvidia (NVDA) reported its fiscal Q2 2022 earnings after the bell on Wednesday, beating Wall Street expectations on the back of the continued growth of the company’s important data center and gaming segments, driving revenue up a whopping 68% year-over-year for the quarter. Here are the most important numbers from the report compared to what analysts were expecting, as compiled by Bloomberg. Revenue: $6.51 billion versus $6.33 billion expected EPS: $1.04 versus $1.01 expected Data Center:… Source link
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