The astounding 313% gains that shares of Micron Technology (NASDAQ: MU) have clocked over the past year have brought the company’s market capitalization to around $463 billion, a big increase from the $100 billion-plus level a year ago. The stunning rise in Micron stock is justified by the phenomenal jump in the company’s revenue and…
Boom Supersonic wants to build the world’s first commercial supersonic airliner. Founded in 2014, the company set out to make air travel dramatically faster — up to twice the speed of today’s passenger jets — while also aiming for a smaller environmental footprint. For years, Boom has focused on developing the high-performance engine technology needed…
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Intel (NasdaqGS:INTC) has entered an AI-focused collaboration with SoftBank subsidiary Saimemory to develop next-generation Z-Angle Memory chips. The company is also renewing its GPU push…
Electricity costs are climbing nearly everywhere in the United States. But, in recent months, the Trump administration has framed the problem as one impacting only blue states. While several blue states like California, Massachusetts and Hawaii do indeed have some of the highest electricity rates in the country, federal data shows that electricity prices are…
DICKSON CITY — Residents overwhelmingly opposed the notion of data centers on the mountain above Business Route 6 during a public hearing Tuesday night where borough officials and the community pressed a data center developer for information. A standing-room-only crowd of at least 200 concerned residents packed Dickson City’s council chambers for a public hearing…
In early 2020, the prevailing narrative in the power sector was a continuation story of the developments from the decade before: renewable buildout will keep compounding, thermal capacity will keep retiring (albeit at a slower rate), markets will evolve to compensate for flexible generation products, capital will keep moving earlier in the development value chain…
(Bloomberg) — Chinese artificial intelligence startup DeepSeek has relied on Nvidia Corp. (NVDA) chips that are banned in the country to develop an upcoming AI model, according to a new report in The Information. Nvidia’s Blackwell chips were smuggled into China through countries that permitted their sale, The Information reported, citing unnamed sources. More specifically,…
As November wraps up, a holiday-shortened week of trading, courtesy of Thanksgiving Day and Black Friday, will greet investors who continue to wrestle with the fallout from Nvidia’s (NVDA) blockbuster earnings report alongside flagging confidence in the overall AI-driven market. On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the…
Nvidia blew past Wall Street financial targets in its third quarter, posting a 62% surge in revenue and forecasting continued strong growth for the current quarter with demand for its AI chips showing no sign of slowing down. “Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in…
Oracle Corporation (NYSE:ORCL) has seen a significant market reaction following its bold shift towards artificial intelligence (AI), resulting in a 25% drop in shares over the past month. What Happened: Oracle’s ambitious entry into the AI sector, fueled by substantial borrowing, has caused unease on Wall Street. The tech behemoth has pledged to invest hundreds of…