The big money firm is teaming up with Nvidia, Kuwait’s sovereign wealth fund, and Texas energy producer Vistra to build data centers.
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Broadcom expects AI-related chip revenue to climb 200% to $16 billion in the current quarter, short of Wall Street’s most bullish forecasts.
The plan is to bring the infamous power plant back online sometime next year to service a nearby glut of power-hungry Microsoft data centers.
Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.
The smaller company in the deal, Dominion Energy, powers the world’s data center capital in northern Virginia.