Seaport Global Upgrades Advanced Energy Indus to Buy, Announces $410 Price Target

Shares of data center infrastructure-related companies are trading lower as elevated oil prices and stronger-than-expected inflation data this week fuel concerns that interest rates will remain higher for longer. Elevated financing costs could slow investment in data centers and power infrastructure, weighing on demand for electrical equipment and HVAC systems.

Dow Jones Climbs to 52,000 While Chips Bleed on Rate-Hike Fears: Stock Market Today

Hot inflation data fuels Fed rate-hike bets, hammering chip and AI-hardware stocks while the Dow tops 52,000 and small caps hold gains; gold rebounds.

Integrated Power Services (IPS) Acquires Bold Renewables

Integrated Power Services (IPS) has acquired Bold Renewables, effective October 9, 2026, to strengthen its renewable energy service offerings. Bold, headquartered in Windsor, Colorado, is the exclusive OEM source for Advanced Energy solar inverters and supports approximately 14,000 legacy inverters representing over 4 GW of capacity across North America. The acquisition positions IPS as a comprehensive aftermarket lifecycle inverter solutions provider across multiple markets.

Shares of companies within the broader technology sector are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026. This may cause investors to rotate out of the sector due to economic tightening.