Data Centers Drive Electricity Prices to Record Highs in 13-State Region
PJM's electricity auction hits record $333.44/MW-day as data center demand outpaces supply, threatening higher bills for 65 million consumers across 13 states.
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Baird Turns Bullish on Rivian as R2 Launch Nears
Baird upgrades Rivian stock to Outperform, raises its price target to $25, and highlights the R2 launch and autonomy progress as key growth drivers.
Elliott Invests $1B in Lululemon, Eyes New CEO
Activist investor Elliott Management acquires over $1 billion stake in Lululemon and proposes retail veteran Jane Nielsen as potential CEO to help turn around the struggling athletic wear brand.
Micron Crushes Expectations with Record AI-Driven Quarter
Micron Technology delivers stunning Q1 results and forecasts Q2 revenue of $18.7B, far exceeding $14.2B estimates, driven by booming AI chip demand and supply shortages.
Texas Pacific Land Partners with Eric Schmidt's Bolt for AI Data Centers
Texas Pacific Land (TPL) teams up with Bolt Data & Energy to build massive AI data centers in West Texas.
Oracle's $10B Data Center Deal Collapses as Partner Blue Owl Backs Out
Blue Owl Capital withdraws from Oracle's $10B Michigan data center project amid concerns over rising debt and AI spending. Blackstone in talks to replace funding partner.