The article says bond investors are becoming less focused on the Federal Reserve and more on whether huge AI infrastructure buildouts can be financed sustainably. It highlights three stocks from a screen that surfaced 34 more companies tied to AI data center buildouts: IREN, Nebius Group and Alphabet. IREN still runs a Bitcoin mining business, generating about $578 million of revenue in FY26 versus roughly $129 million from AI Cloud Services, with a market cap near $9.8b. Nebius Group reported about US$1.31b from Nebius AI Cloud in its last report. Google Cloud ranks #3 globally behind AWS and Azure with over 11% market share.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
artificial intelligencedata centersFedcloud computingIREN
Open a keyword to see other news on the same topic.
Related news
- IREN Limited Fell by 33% in 2026 But 3 Analysts Believe It Will Nearly Quadruple in Price From Here
IREN shares are down 32.67% year to date after a sector-wide neocloud sell-off and infrastructure concerns, while the average target of 20 analysts is $77.81 against a price of $25.43. Fiscal Q4 revenue of $137.2M missed the $140.75M consensus and fell 26.8% year over year, and a $684M net loss included a $450.4M non-cash impairment on retired mining hardware. Management said $4 billion of ARR is contracted for 2026 capacity, with notable deals including a $9.7B Microsoft AI Cloud contract and a $3.4B NVIDIA AI Cloud contract. Analysts cite signed contracts, pricing above $20 million per megawatt of IT load, and about $14 billion of cash and committed financing as reasons no one rates the stock a sell. IREN still targets roughly $8 billion of additional GPU financing, and its debt-to-equity ratio is 1.87.
- IREN (IREN) Lands 300 MW Spain License And Opens IREN Europe
IREN (NasdaqGS: IREN) secured a license for a 300 MW AI data center campus in Badajoz, Spain, and launched IREN Europe to anchor its AI cloud expansion across key European enterprise markets. Management plans to deploy NVIDIA GPUs with Mirantis cloud software for high-performance AI workloads at the site. IREN currently runs a vertically integrated AI cloud platform in Australia and Canada, so Spain marks its expansion into a new continental market. The article links the project to IREN's goal of turning a grid-connected power pipeline into an AI cloud business, with initial Badajoz operations targeted for 2028, while flagging risks including heavy data center capex, short AI contracts and a balance sheet with high commitments and less than one year of cash runway.
- Data Center Stocks Rise as IREN Plans 300MW AI Campus in Spain: IREN and Cipher Digital Gain 4%, Core Scientific Climbs 3%
IREN shares rose 4% to $27.78 but remain down 26% year to date after the company announced plans for a roughly 300 MW AI campus in Badajoz, Spain, with operations targeted for 2028. The project remains subject to permits, grid connections and financing, and IREN has named no customers; it already holds the civil works license and grid power for the site, which came from the Nostrum Group acquisition that closed in June. Cipher Digital rose 4% to $9.26 and Core Scientific climbed 3% to $14.25, with Cipher down 37% and Core Scientific 2% lower year to date. Unlike peers that mainly lease data center space, IREN rents GPU cloud capacity directly to AI customers, while the Global X DTCR ETF fell 1% and SPY gained 0.3%.
- IREN Stock Rises: AI Cloud Provider Plans 300MW AI Campus In Spain For 2028
IREN plans to offer managed AI cloud services from a campus in Badajoz, Spain, with about 300 MW of capacity and initial operations targeted for 2028, as announced at NVIDIA's GTC Berlin conference. The company has already secured grid power for the site, will use closed-loop liquid cooling, and says the campus will be compatible with NVIDIA's DSX AI Factory Platform. The site came with the Nostrum Group acquisition, which closed in June and added about 490MW of secured power in Spain, and IREN intends to combine the capacity with Mirantis software it bought earlier this year. No customers were named, and the 2028 target remains subject to permits, grid connections and financing. Shares rose over 4% in pre-market trading, but are down over 29% so far this year and over 55% in the last 12 months.
- IREN's Childress delivery for Microsoft on track for Q4 despite delay rumors
IREN's $9.7 billion AI cloud agreement with Microsoft could face delivery delays, following unconfirmed reports of networking redesigns at its Childress, Texas campus. IREN still plans to proceed with the delivery.
- IREN Sinks 6%, Then Recovers After Co-CEO’s No-Debt Reassurance as Neocloud Worries Persist; TeraWulf and Applied Digital Rise 3%
IREN fell as much as 6% to $26.15 in morning trading before recovering to $27.41, down only 1%, after co-CEO Daniel Roberts said the company paid for its data center construction in cash and carries no debt against those sites. He added that customer prepayments on multiyear contracts cover much of the GPU costs, with lenders funding the rest, and that IREN is largely sold out for this year. The move came as analyst John Lovelock warned that most neocloud providers may not remain independent by the end of the decade and that current AI returns do not support the scale of the buildout. Because IREN owns its data centers and GPU fleet, the article notes its financing risk sits directly on its own books. Delivering new capacity on schedule is cited as the next test of the company’s demand claims.
Related markets
Latest news
- Microsoft's Satya Nadella says 24 new data centers built during Q1
Microsoft CEO Satya Nadella said on the company's Q1 earnings call that it built 24 new data centers across five continents as AI demand accelerated. He said the infrastructure is a fungible fleet that lets Microsoft dynamically allocate capacity across compute, data, foundry and Copilot. Time from dock to live for new GB300s in its biggest regions fell by about 20% quarter over quarter. Through optimizations across data center design, silicon, systems, software and models, throughput for Copilot workloads rose more than 50% quarter over quarter.
- Intel to report Q3 earnings as chip stocks continue to rebound
Intel will report its third-quarter earnings after the bell Thursday as chip stocks keep recovering from an AI-driven rout over the past month. Intel shares fell more than 20% over the last month, while Micron and AMD dropped roughly 10% and Nvidia about 3%. SK Hynix reported revenue up 328% to some $78.7 billion and operating profit up 632%, helping ease concerns about the AI trade. Bloomberg analyst consensus expects Intel EPS of $0.40 on revenue of $16.5 billion, versus $0.23 and $13.6 billion a year earlier. Foundry revenue is expected to reach $6.1 billion, a potential 44% year-over-year increase, and The Information reported Google ordered 3 million of its custom Tensor Processing Units from Intel.
- Stock Market Today, Oct. 28: Markets Edge Higher as Fed Holds Rates Steady
The S&P 500 rose 0.28% to 7,744, the Nasdaq Composite gained 0.27% to 26,550 and the Dow Jones Industrial Average added 0.19% to 52,475 after the Federal Reserve held rates steady. Gold rose 0.10% to $4,068.14, while the 10-year Treasury yield climbed 0.02% to 5.02%, crossing the 5% threshold. Vertiv Holdings jumped nearly 17% on bullish long-term AI infrastructure demand forecasts, Oracle surged 11% after an investor day with new financial targets, and F5 plunged over 20% on its guidance and an analyst downgrade. Chair Kevin Warsh stressed the committee's commitment to reducing inflation, and officials said further data would inform rate decisions at the December meeting. After the bell, Microsoft beat expectations, particularly for its Azure cloud unit, while Alphabet shares slid after its revenue and sales fell short of analyst predictions.
- Microsoft just shared Azure's actual revenue in dollars: $33.2 billion
For the first time, Microsoft disclosed Azure's quarterly revenue in dollars, at $33.2 billion for the July–September quarter, up 48% from a year earlier. The figure lets investors compare Azure more directly with Amazon Web Services and Google Cloud, whose parent companies already report cloud revenue in dollars each quarter. Google Cloud brought in $30.7 billion in the same quarter, putting Azure slightly ahead, though Google Cloud grew about twice as fast, according to TechCrunch's calculations. Azure accounted for roughly 36% of Microsoft's $92.3 billion in quarterly revenue and beat analysts' expectations of $32.3 billion by about $850 million. Azure sits in the new Agents and Infra segment, which brought in $76.8 billion, up 25%.
- Google expands AI Search ads globally as core ad growth slows
Google is bringing ads in its AI-powered Search experiences to international markets, betting that generative AI can open new revenue even as growth in its core search advertising slows. Alphabet reported $127.6 billion in revenue, up 25% year over year, but its shares fell 8% after the results as Google Search revenue grew 12%, down from 17% in the second quarter and 19% in the first. Chief business officer Philipp Schindler said click-through rates for sponsored product listings in AI Mode are already comparable to organic listings, and user research shows people find the ads relevant. CEO Sundar Pichai said Search queries grew at their fastest year-over-year rate in five years, with AI Mode queries three times longer on average than traditional searches. Google has also surpassed 50 billion visual searches per month.
- Bitcoin Treasury Datavault AI Says It Can’t Access Its BTC, Stock Tanks
Datavault AI shares fell 49.55% to $0.067 after an SEC filing said the company has been unable since June to complete a request to withdraw Bitcoin from the Biconomy exchange. The company will restate four financial reports, cutting reported assets by up to $92.2 million, after reclassifying Bitcoin from a $150 million Scilex stock deal as a subscription receivable. Management is reassessing its going-concern status because it had counted the Bitcoin as a source of liquidity, and collecting what Scilex owes is uncertain. Scilex separately signed a binding term sheet in June 2026 to buy 837 BTC held in Datavault's Biconomy wallet for $50 million, subject to a definitive agreement. Datavault stock later bounced to near $0.085.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.