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DUOT-News
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Duos Technologies Signs $400M 10-Year Agreement
Duos Technologies announced the signing of a new 10-year colocation agreement for 20 megawatts, or MW, of facility load with a mature publicly traded cloud services provider in the United States. Duos is also in active negotiations on approximately 100 MW of additional powered, data center-zoned land to expand its Duos Edge AI platform. The newly executed customer agreement represents over $400M of total contract value over the initial term and is expected to be deployed in Q2 2027 within Duos' expanding portfolio of Edge AI campuses. In support of growing customer demand, Duos is also currently under contract and in active negotiations to secure approximately 100 MW of additional powered, data center-zoned land across multiple sites in the United States. Of that total, approximately 25 MW is currently under contract across multiple sites in the United States, and the company is in active negotiations on an additional 75 MW. The Company expects to finalize all site agreements by year-end.
DDC Solutions Provides Rack Cooling Units for Duos Edge AI
DDC Solutions, part of the Daikin Applied group, announced that Duos Edge AI, a subsidiary of Duos Technologies Group, has selected DDC's rack containment units to cool and protect high-density GPU infrastructure at Duos Edge AI's Columbus, Georgia data center campus
Duos Technologies Appoints Christopher DeAlmeida as CFO
Duos Technologies announced the appointment of Christopher DeAlmeida as CFO. DeAlmeida succeeds retiring CFO Adrian Goldfarb. His appointment follows the company's previously disclosed executive transition plan and marks the conclusion of a search and evaluation process. As CFO, DeAlmeida will oversee capital allocation, financial planning, and investment strategy as Duos continues the rapid rollout of its Edge AI platform to meet strong customer demand. He brings more than 20 years of public company financial leadership to Duos, including prior CFO experience as well as additional expertise in financial planning and analysis, SEC compliance, capital markets, M&A, accounting, and investor relations.
Duos Technologies Appoints Dipan Patel as COO
Duos Technologies announced the appointment of Dipan Patel as COO, reporting to CEO Doug Recker, effective immediately. As COO, Patel will have full operational accountability for the deployment of Edge AI data centers and GPU-as-a-Service platforms across the United States. Prior to joining Duos, Patel served as a digital infrastructure solutions executive at Telstra InfraCo.
Major Averages Decline as Bond Yields Surge
The major averages were broadly lower as a surge in sovereign bond yields arrives amid concerns around inflation and higher oil prices. Semiconductor weakness also appears to be weighing on the broader market, with big chip stocks such as Western Digital, SanDisk, Marvell, and Seagate are all slipping.Meanwhile, the Federal Reserve's July meeting minutes, due Wednesday, are another catalyst. After the recent weak labor-market data and relatively benign inflation reports, investors have been looking for evidence that policymakers are becoming more comfortable with eventual rate cuts. However, the renewed rise in oil prices and long-term Treasury yields could complicate that outlook.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Home Depotreportedand reiterated its outlook for FY26Baidureported downbeatTeslais preparing for an August launch of its Cybercab,KKRhas offered to acquire UGI Corporationfor $9B,Anthropic is seeking to expand its pre-IPO credit facility beyond $10B,2. WALL STREET CALLS:DA DavidsonDuolingoto Buy from NeutralBath & Body Worksto Buy at Citi on a favorable risk/rewardMizuhoNorwegian Cruise Lineto Neutral from OutperformCraig-HallumGlobalstarto Hold from BuyAutohometo Underperform at BofA3. AROUND THE WEB:Disney'sABC is suing the FCC, arguing that its efforts to challenge ABC's broadcast licenses and regulate The View are unconstitutional attempts to suppress speech, WSJ reportsGoldman Sachswill pay as much as $410M to buy LCN Capital Partners, a commercial real estate investor, Bloomberg reportsParamount Skydanceasked a U.S. judge to require states challenging the acquisition of Warner Bros.to post a $1.88B bond to address the costs caused by the delays, Reuters reportsCostcoplans to soon rollout Costco-branded Medicare plans, working with SCAN Group, WSJ saysInvestors are concerned about Mark Walter selling Carvana, Bloomberg reports4. MOVERS:Amylyxgains after announcing its Lucidity Phase 3 trialWeaveincreases after announcing itfor $7.40 per share in cashDuos Technologieshigher afterand backing its outlook for FY26Klarnafalls after, lowering its guidance for FY26, and announcing planned executive transitionsiQiyilower in New York after5. EARNINGS/GUIDANCE:Amer Sportsand raised its outlook for FY26, with CEO James Zheng commenting, "Our global momentum continued through the second quarter with over 30% revenue growth and strong operating margin expansion"Pony AI, with EPS beating consensusDocGoand narrowed its guidance for FY26Fabrinet, with EPS and revenue beating consensusYalla, with EPS lower year-over-yearINDEXES:The Dow fell 116.38, or 0.22%, to 53,343.40, the Nasdaq lost 355.20, or 1.33%, to 26,289.71, and the S&P 500 declined 53.30, or 0.69%, to 7,691.76.
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