Enphase Energy Inc.
(NASDAQ:ENPH) stock rose nearly 3% on Tuesday after the company joined the Open Compute Project Foundation as a Platinum member, expanding its presence in AI data center infrastructure.
Open Compute Project Membership Boosts Sentiment Enphase said its Platinum membership will allow the company to contribute its power management expertise to the development of standardized power architectures for next-generation AI data centers.
Open Compute Project Foundation CEO George Tchaparian said Enphase's experience in power and energy solutions makes the company "a natural fit" for the organization's work on AI data center power standards.
Read Also: EXCLUSIVE: Forget The Grid: This CEO Says AI Data Centers Are Starting To Generate Their Own Power Enphase Energy Technical Picture Remains Mixed Despite Tuesday's gains, Enphase shares remain about 8.5% below their 20-day simple moving average of $53.95, suggesting the stock is still recovering from recent weakness.
