Nebius beats estimates as AI cloud demand surges Nebius shares jumped more than 20% Wednesday after the AI infrastructure company beat second-quarter revenue estimates and reported a sharp increase in large customer contracts. Revenue reached $582.3 million for the quarter
Markets lose momentum as Iran talks stall US stocks slipped Tuesday as the standoff between Washington and Tehran hardened and hopes faded for a near-term diplomatic breakthrough. The Dow Jones Industrial Average and S&P 500 moved below the flat line,
Iran puts conditions on reopening Hormuz Oil prices moved higher Tuesday after a senior Iranian security official said the Strait of Hormuz will not fully reopen until Washington meets Tehran’s conditions. West Texas Intermediate crude rose 1.4% to $83.25 per
Jensen Huang is moving the AI boom into finance Nvidia CEO Jensen Huang has spent years selling the world on AI chips. Now he is trying to sell Wall Street on financing the factories that use them. In a CNBC
Intel is raising capital into the AI buildout Intel announced a $15 billion common stock offering Monday, adding fresh capital as demand for AI computing power continues to accelerate. The company said it will use the proceeds for general corporate
The US oil reserve just crossed a four-decade low Crude oil held in the US Strategic Petroleum Reserve fell below 300 million barrels last week, reaching its lowest level since January 1983. The reserve dropped by 6.1 million barrels to
Burry is targeting one of AI’s biggest runners Michael Burry is shorting Nebius Group after one of the strongest runs in the AI infrastructure trade. In an August 6 post on his Cassandra Unchained Substack, Burry said he shorted Nebius
July hiring came in much weaker than expected The US economy lost 23,000 jobs in July, a sharp miss against expectations for an 80,000-job gain. The weakness was not limited to one month. May and June payrolls were revised down
China controls the copper bottleneck China has built a commanding position in global copper processing, and veteran metallurgist Phillip Mackey says the West could take decades to catch up. China now smelts about 60% of the world’s copper and refines
Small caps are no longer sitting out the rally The S&P 500 and Dow hit record highs this week, but the stronger story may be happening outside the largest stocks in the market. The Russell 2000 touched a record high
Nebius beats estimates as AI cloud demand surges Nebius shares jumped more than 20% Wednesday
Markets lose momentum as Iran talks stall US stocks slipped Tuesday as the standoff between
Iran puts conditions on reopening Hormuz Oil prices moved higher Tuesday after a senior Iranian
Jensen Huang is moving the AI boom into finance Nvidia CEO Jensen Huang has spent
Intel is raising capital into the AI buildout Intel announced a $15 billion common stock
The US oil reserve just crossed a four-decade low Crude oil held in the US
Burry is targeting one of AI’s biggest runners Michael Burry is shorting Nebius Group after
July hiring came in much weaker than expected The US economy lost 23,000 jobs in
China controls the copper bottleneck China has built a commanding position in global copper processing,
Small caps are no longer sitting out the rally The S&P 500 and Dow hit
