tech
A Google AI project delay may have hurt chip stocks. But data center buildout remains on track
Computing infrastructure company Crusoe is no longer involved in a data center project being built in Wyoming.
TL;DR
- Crusoe has paused work on the 1.8-gigawatt Project Jade data center in Wyoming.
- Google, the end user, is bringing in a new contractor to submit a revised site plan.
- Power hub construction by Tallgrass is ongoing, and the project remains on track for early 2028 service.
- The pause fueled concerns about financing constraints or tapering demand for AI buildout, contributing to tech stock jitters.
- The semiconductor sell-off saw significant outflows from tech shares, with chip stocks being particularly affected.