Shares of technology companies rose as traders continued to chase gains in a sector that has recently drawn widespread debate about a potential speculative bubble.
Investment firm BlackRock's new artificial-intelligence infrastructure consortium struck its first deal, agreeing to acquire Aligned Data Centers from Australian rival Macquarie Asset Management.
Separately, an Nvidia -backed AI startup is planning to build a massive data-center complex with AI computing-services firm CoreWeave that is capable of generating its own power on a site that is two-thirds the size of Central Park.
"I think we are in a bubble," said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. "From AI and all derivatives of that -- nuclear [power], data centers, etc -- to crypto. The weakest within the speculative complex seems to be crypto."
Bitcoin recently traded around $111,000, far from recent highs around $125,000. Other cryptocurrencies, including Ethereum, have been even more volatile in October.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 15, 2025 17:29 ET (21:29 GMT)
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