Nebius Breaks Ground on AI Factory in Missouri

Nebius (NBIS) said Tuesday it marked the start of construction of its gigawatt-scale artificial intelligence factory on about 400 acres in eastern Independence, Missouri.

The AI factory is expected to generate $650 million in tax payments to local school districts and taxing jurisdictions over the next 20 years, according to a statement.

The project will create about 1,200 construction jobs and 130 permanent positions at full operation, the company said.

Price: $178.51, Change: $-7.59, Percent Change: -4.08%

Market Chatter: Microsoft Generates $30 Billion From OpenAI-Related Business, More Than Doubling Investment

Microsoft (MSFT) has earned about $30 billion in revenue from OpenAI-related business in 2023-25, more than double its $13 billion capital investment, The Information reported Monday, citing estimates based on company filings, people familiar with the business and OpenAI's private financial documents.The earnings include OpenAI's spending on Azure servers, its revenue-share payments to Microsoft, and Microsoft's sales of products that use OpenAI's models, the report said.Microsoft's right to 20% of OpenAI's revenue through 2030 translates to an additional $38 billion through 2030, based on a payment cap the two companies negotiated last month, the report said.Microsoft did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $408.43, Change: $-4.24, Percent Change: -1.03%

$MSFT

Ovintiv Showing Benefits of Simplification, Strong Operations, Lower Debt, UBS Says

Ovintiv (OVV) is beginning to show the benefits of its portfolio simplification efforts, with improved operational efficiency, stronger well performance and a sharper-than-expected reduction in debt, UBS Securities said.The brokerage said in a Monday note that Ovintiv's Q1 results beat expectations on cash flow per share, while production came in at the high end of guidance and capital spending was at the low end of the range.UBS said Montney operations are already delivering meaningful per-well savings, while Permian wells are performing above the 2025 average.The investment firm added that the company's improved debt position supports higher shareholder returns than previously expected, and said Ovintiv remains its "Top E&P Pick."UBS has a buy rating on the stock, with a $75 price target.Price: $58.45, Change: $-0.65, Percent Change: -1.09%

$OVV

Nebius Breaks Ground on AI Factory in Missouri

Related Articles

Market Chatter: Microsoft Generates $30 Billion From OpenAI-Related Business, More Than Doubling Investment

Ovintiv Showing Benefits of Simplification, Strong Operations, Lower Debt, UBS Says

Street Color: AT&T Receives US Federal Communications Commission Approval to Acquire EchoStar's 50 Megahertz of Spectrum