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Wall Street skeptical of data center boom
nytimes.com

Wall Street skeptical of data center boom

The gist

The New York Times reported growing investor skepticism over the data center boom on Sep 21.
The doubt is now delaying AI-related IPOs, testing the market's appetite for the buildout.

How it unfolded

  1. Sep 16, 2026Semtech reported record Q2 FY27 revenue of $341.9M, up 17% quarter-over-quarter and 33% year-over-year, and guided Q3 EPS to $1.02-$1.08 versus $0.73 consensus; Roth Capital, UBS, Northland and Baird raised price targets.
  2. Sep 19, 2026Siemens Energy's CEO said the data center boom would last on power needs.
  3. Sep 21, 2026The New York Times reported growing investor skepticism about the sustainability of the data center boom. SB Energy, a SoftBank subsidiary, delayed its IPO as investors questioned its sought-after valuation of $50 billion or more.

Sources

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