Meta, BlackRock Team on $14B El Paso AI Data Center
Meta and BlackRock unveiled a $14 billion joint venture for a 1-gigawatt El Paso AI data center, financed by a $12B bond sale kept off Meta’s balance sheet.
AI data center
Navitas (NVTS) Up 287% YTD on AI Data Center Power Bet
Navitas Semiconductor jumped 20% to $29.25 on May 22, extending a 287% YTD run as the 800V AI data center power thesis takes hold.
IREN Soars 40% on NVIDIA’s $3.4B AI Infrastructure Deal
IREN stock surged 40% this week after landing a $3.4B NVIDIA cloud deal and a $2.1B investment option — validating its pivot from Bitcoin mining to AI data centers.