Midland, Texas, Group Seeks Ways to Regulate City AI Use

The post Penguin Solutions (PENG) Stock Rockets 13% on AMD Deal and Upgraded Revenue Forecast appeared on BitcoinEthereumNews.com. Key Highlights Penguin Solutions (PENG) experienced a ~13.47% spike following the unveiling of a collaborative venture with AMD and Shell targeting AI data center optimization. Management elevated fiscal 2026 revenue growth projections from 6% to 12%, propelled by robust memory division performance. Second quarter FY2026 revenues reached $343M, marginally exceeding analyst expectations of $340.2M. Technical indicators including a “golden cross” pattern combined with elevated trading volumes amplified the upward momentum. Senior Vice President Clark Joseph Gates divested $173,750 in shares on May 5 through a predetermined 10b5-1 trading arrangement. Shares of Penguin Solutions (PENG) climbed 13.47% on May 10, closing at $44.23, following the disclosure of a tripartite collaboration with AMD and Shell designed to enhance AI-powered data center capabilities. A

The post Penguin Solutions (PENG) Stock Rockets 13% on AMD Partnership and Upgraded Revenue Forecast appeared on BitcoinEthereumNews.com. Key Highlights Shares of Penguin Solutions (PENG) climbed approximately 13.47% following news of a strategic collaboration with AMD and Shell targeting AI data center optimization. Management doubled its fiscal year 2026 revenue growth projection from 6% to 12%, citing robust memory segment performance. Second quarter FY2026 revenues reached $343M, marginally exceeding analyst expectations of $340.2M. Technical indicators showed a bullish “golden cross” pattern while trading volumes spiked significantly. Senior Vice President Clark Joseph Gates offloaded $173,750 in shares on May 5 through a predetermined trading arrangement. Shares of Penguin Solutions (PENG) advanced 13.47% on May 10, closing at $44.23, after the technology firm unveiled a collaborative venture with AMD and Shell designed to enhance AI-powered data center efficiency. After-hours ac

The idea of asking homeowners to host boxes full of GPUs is a symptom of the woeful dearth of data center space needed for AI computing.

A Wells Fargo customer in Texas says the bank has refused to reimburse her after scammers drained $3,300 from her account through the payments platform Zelle. Ashlie Rinehart says she received a call on April 1st from a number that appeared on caller ID as Wells Fargo, reports Fox 26 Houston. She says the caller […] The post Wells Fargo Refuses To Reimburse Customer After Scammers Drain $3,300 From Her Account: Report appeared first on The Daily Hodl.

Publicly traded Bitcoin miner and data center operator TeraWulf reported a hefty net loss in Q1 as its AI revenue took over from BTC.

Gov. Ron DeSantis has signed a bill to regulate large-scale data centers in Florida, promising consumers would not bear the burden of the AI boom with higher electric bills or more scarce water resources.

Mayor Tom Watson said he has talked about the idea with municipal utility officials and a congressman. There is no definite plan, the mayor said, but a possible site has been considered.

Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas. That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project. The company says that if additional phases are constructed, its investment could someday balloon to $119 billion total. When Musk initially announced the project in March, he shared ambitious plans for it to produce enough chips to support up to 200 gigawatts per year of computi … Read the full story at The Verge.