Latest News In AI Chips - BluSky AI Expands with Central Utah Data Center Initiative

BluSky AI Inc. has successfully secured its first operational site in Central Utah, acquiring 9.3 megawatts of power to establish a flagship data center. This initiative is part of an agreement with Digital Asset Management, LLC, which grants BluSky AI exclusive power use rights under favorable terms, essential for sustaining long-term operations. Additionally, the company has leased 51.6 acres of land, with an option to purchase, further cementing its strategy to expand AI computing infrastructure. These developments underscore BluSky AI's mission to rapidly deploy modular AI facilities, supporting the growing demand for artificial intelligence capabilities with energy efficiency and precision.

Elsewhere in the market, Intel (NasdaqGS:INTC) was a standout up 7.2% and ending the day at $23.59. In the meantime, Beijing E-Town Semiconductor Technology (SHSE:688729) softened, down 9.7% to end the day at CN¥20.96.

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• Advanced Micro Devices (NasdaqGS:AMD) finished trading at $137.82 up 2.2%.
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• ASML Holding (ENXTAM:ASML) settled at €678.90 up 1.1%.

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• Jump into our full catalog of 56 AI Chip Stocks, which includes NXP Semiconductors, Analog Devices and Semiconductor Manufacturing International, here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "BluSky AI Inc. Secures First Site with 9.3MW to Launch Flagship Data Center in Central, Utah" from BluSky AI Inc. on GlobeNewswire (published 08 July 2025)

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