Macro Settings
Leaning Tight: Volatility and credit spreads eased a little over the week, but the Fed is still raising rates, inflation is stuck at 3.4% and investor borrowing keeps climbing, so conditions still lean restrictive for high-beta names.
Market Performance
It was a mixed week for the sector: 50 of the names we track fell versus 37 that rose (median -1.5%). CANG (32.95%), TLN (17.63%) and CEG (15.58%) led top gains. Bitcoin mining Index lost 11.2% over the last 5 days.
Major Company Updates
- Applied Digital reports fiscal first quarter 2027 results (link)
- TeraWulf expands contracted power capacity at its Muskie Data Campus to 1 GW (link)
- CoreWeave enters India, expanding AI cloud platform with AdaniConneX (link)
- Bitdeer AI expands Southeast Asia footprint with A901, a new 67MW AI data center campus in Malaysia; active AI cloud pipeline exceeds $10 billion (link)
- Google and Constellation announce landmark agreement to bring 890 MW of new nuclear capacity to PJM grid as part of long-term power deal (link)
- Duke Energy protects customers from data center costs (link)
- Digital Realty announces pricing of €1 billion of guaranteed notes due 2036 (link)
As always, feel free to drop us a message for any suggestions, feedback, or just to say hi.
Thanks for being part of our journey - see you next week!
Cindy & the Ziven Team 💜