Hormuz logistics to block 11M bpd of Gulf oil output recovery for weeks
Upstream production in the Middle East will remain constrained for several weeks as shipping logistics continue to face challenges in the Strait of Hormuz. The recovery of the 11 million barrels…
While VCs burn cash, Perceptron built AI infrastructure with 700,000 users
In the pursuit of powering artificial intelligence (AI) and the race to come out on top, data has become the new oil. Companies that control the pipelines are pulling in…
Terra Quantum targets $3.25 billion valuation with Nasdaq SPAC deal
German-Swiss quantum technology firm Terra Quantum announced plans on Thursday to go public on the Nasdaq this year through a merger with a US-based special purpose acquisition company (SPAC).The deal…
Intel stock continues to surge after extended Google partnership
Shares of Intel extended gains for a seventh consecutive session on Thursday after the chipmaker announced an expanded collaboration with Google to develop next-generation processors for artificial intelligence data centers.The…
Why Tesla stock is down 1% despite reports of a new EV
Tesla shares attempted another rebound on Thursday but failed to sustain momentum, slipping about 1% after opening higher.The initial gains followed reports that the company is considering a new electric…
US ETF AUM to surpass $25 trillion by 2030, says Citigroup
Citigroup has raised its growth outlook for the US ETF market, projecting that assets under management could surpass $25 trillion by 2030.The forecast highlights strong inflow momentum and increasing investor…
Cheap Microsoft stock could drop further before recovery
Microsoft stock has crashed into a technical bear market after plunging from $550 to the current $372. This retreat has coincided with the ongoing sell-off in software stocks and as…
Delta stock soars 11% as Iran cease-fire, earnings boost outlook
Shares of Delta Air Lines surged sharply in early Wednesday trading, lifted by stronger-than-expected earnings and optimism following a two-week cease-fire agreement between the US and Iran that sent oil…
Tesla stock fails to rebound even as broader market rockets: here’s why
Tesla shares attempted a rebound on Wednesday but failed to sustain gains, remaining largely flat at $347.41 in early trading.The muted move contrasted with a sharp rally in broader markets.…
Applied Digital earnings preview: Is APLD stock a buy now?
Applied Digital (NASDAQ: APLD) is pushing higher on April 8th as investors position themselves ahead of the company’s Q3 earnings, due after the closing bell.The high-performance computing (HPC) infrastructure firm…