Breakfast News: Power Is AI’s New Gold Rush
Microsoft ditches delayed U.K. data center, stocks come off a losing week, and more…
Microsoft has abandoned a data center project in the United Kingdom, citing a power supply issue that won't be resolved until the 2030s. The site was to be a hub for Nvidia's AI chips. Meanwhile, global markets are reacting to inflation data, with the S&P 500 and Nasdaq both down from last week's trading. The Federal Reserve is set to meet Oct.
27-28 to discuss monetary policy. Investors are trying to navigate a volatile market after a week of sell-offs. Notable earnings reports are expected to help calm nerves. Hidden Gems analysis suggests Cisco Systems could be a hidden gem with significant upside potential. The Motley Fool encourages readers to discuss their investment strategies with others.
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