Rosenblatt analyst Kevin Cassidy expected SMART Global Holdings Inc. (SGH) to deliver a slight beat-n-raise to consensus 3QF22 and 4QF22 outlook. Cassidy maintained his Buy recommendation and $60 price target. Cassidy saw upside coming from data center demand for Specialty Memory. The demand for SGH’s Penguin Solutions AI/HPC systems has remained robust. However, supply chain constraints likely limited shipments….
Rosenblatt Sees 200 percent Upside in SMART Global, Coming From Data Center Demand for Specialty Memory
Meta Expanding Massive $1 Billion Illinois Data Center, Set to Power Everything From Facebook to Instagram Beginning Next Year
By Robert Channick From Chicago Tribune Meta, the social media giant formerly known as Facebook, is expanding its massive $1 billion data center under construction in DeKalb to nearly 2.4 million square feet, putting the college town west of Chicago at the center of its metaverse. Slated to open next year, the five-building complex filled…
Facebook to Build $800 Million Data Center in Arizona
Facebook has announced plans to build an $800 million data center in Arizona, which is expected to support 100 operational jobs once complete and around 1,500 construction jobs at peak. “We are breaking ground on our newest data center in Mesa,” Facebook announced in a social media post. “This facility will be an important part…
Tesla Establishes Data Center in China, With All Data to Be Kept in China
Tesla has established a data center in China, the company said last week, and data generated by all cars sold in the country will be stored domestically. A May 25 post on the Weibo social media site said that the data center has already been built and the company plans on expanding its data network…
PM Defends Defence’s Delayed Exit From Chinese-Owned Data Centre
Australian Prime Minister Scott Morrison has defended the Department of Defence’s exit from a Chinese-owned data centre. Defence made plans in 2017 to migrate all its data into a secure, government-owned facility by 2020, after the UK-based Global Switch owners sold a 49 percent stake to Chinese consortium Elegant Jubilee in Dec. 2016. However, the…
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- Mimi Nguyen LyThe U.S. Department of State on Monday said that independent investigators couldn’t clearly conclude the origin of the bullet that killed Al-Jazeera journalist Shireen Abu Akleh. The 51-year-old reporter for Al-Jazeera’s Arabic language channel died… [...]
- The Associated PressCHARLESTON, W.Va.—A federal judge on Monday ruled in favor of three major U.S. drug distributors in a landmark lawsuit that accused them of causing a health crisis by distributing 81… [...]
- Mimi Nguyen LyTwo police officers sustained injuries after they were shot in Philadelphia, Pennsylvania, during fireworks to celebrate the fourth of July, according to reports. The officers were sent to the Jefferson University… [...]
- The Associated PressRICHMOND, Va.—Amber Heard’s lawyers have asked a judge to throw out the $10.35 million verdict against her in the defamation case filed by ex-husband Johnny Depp, arguing that the verdict… [...]
- Masooma HaqNBA free agent Enes Kanter Freedom recently launched the Enes Kanter Freedom Foundation to help fight for religious liberty and human rights around the world. Freedom said it’s time to take… [...]
- Mimi Nguyen LyThe U.S. Coast Guard has rescued seven people after their vessel was struck by lightning off Florida. The incident took place about 100 miles offshore of Clearwater, Pinellas County. A four-person aircrew… [...]
- Caden PearsonCalifornia Gov. Gavin Newsom has granted a pardon to Sara Kruzan who spent 18 years in prison for murdering the man who trafficked her for sex as a teen. In… [...]
- Daniel Y. TengAustralia’s Foreign Minister Penny Wong has reaffirmed the country’s commitment to nuclear non-proliferation after a meeting with the head of the International Atomic Energy Agency (IAEA) on July 4. Rafael… [...]
- Gary BaiThe U.S.-Mexico border has become the world’s “deadliest” land crossing, according to data recently brought to light by a United Nations study. A historic high of 728 recorded immigrant deaths… [...]
- Bill PanThe City of Orlando, Florida, has apologized for its official message about the July 4 holiday that questioned why people would want to celebrate it at all. “A lot of people… [...]