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Investing.com -- Elon Musk’s ambition to build the world’s largest semiconductor factory is officially moving forward. Today, Texas Governor Greg Abbott joined SpaceX and Tesla to confirm that Terafab—a massive, vertically integrated chip manufacturing plant—will be built in Grimes County, Texas. While Musk teased the project earlier this year, today’s announcement locks in the location and the staggering financials for the first phase of construction. Structured as a formal joint venture betwee
EFC heads into Q2 results with revenues expected to jump, while higher costs and market volatility may have weighed on EPS.
Circle renewed its revenue-sharing agreement with Coinbase on August 5, locking in a distribution model that cost the issuer approximately $908 million in fiscal year 2024. The following day, CoinShares published a research note identifying the Open USD (OUSD) consortium as an existential threat to Circle’s business model. The friction point is structural. In its […]
Lyft Inc. (NASDAQ:LYFT) reports second-quarter earnings after the close Thursday following a strong run of headlines: New York taxis joining its platform, robotaxi tests beginning in London and Waymo going live in Nashville ahead of a planned Lyft integration. On...
The aggregate position rose by 8.1 million shares since March, with 5.2 million now attributed to Citadel Advisors entities. The filing does not identify Situational Awareness as the seller.
Investors need to pay close attention to D stock based on the movements in the options market lately.
Meta is the latest AI developer to disclose a rogue hacking incident. It’s not a bad thing for the stock — it might even help.
In a slow news month for the company, investors focused on the cost of its phase 3 trials rather than their benefits.
IONQ posts a wider-than-expected Q2 loss but tops revenue estimates, raises its 2026 revenue outlook and sees shares rise after the results.
Three companies at the forefront of nuclear energy technology have signed a memorandum of understanding (MOU) to evaluate fuel technologies to support advancement of next-generation nuclear power.
BNP Paribas Wealth Management just handed clients a gold target that would stun most investors, and the bank says two converging forces make it more realistic than it sounds.
Asian equities traded in the US as American depositary receipts were tracking higher Thursday mornin
Caterpillar’s record quarter shows how the AI data-center buildout is boosting demand for its power-generation and construction equipment.
Tesla has cratered 27% this year while the broader market surged, yet one of Wall Street's most polarizing analysts is doubling down on a call that implies the stock nearly doubles from here. Here is what separates his vision from where prediction markets think this ends.
Bronte Capital, an investment management company, released its “Amalthea Fund” second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund posted a 6.49% net return in June, bringing the quarterly returns to 5.12%, compared to 3.17% and 14.48% for the globally diverse MSCI ACWI in ($A), respectively. The outperformance in June […]
These healthcare giants can deliver steady gains.
The payment company's CEO says it's developing and shipping products faster despite cutting nearly half of its staff. It's a strategy he says can be replicated at other businesses.
D-Wave’s 240x faster network optimization result with AT&T could strengthen the case for broader commercial adoption.
British regulators on Thursday gave Paramount the greenlight for its $81 billion takeover of Warner Bros. Discovery, with some new assurances from the company — clearing another hurdle for the mega merger while it still faces challenges elsewhere. The U.K.'s Competition and Markets Authority cleared the pending acquisition, ruling that a Paramount-Warner tie up does not pose a “substantial lessening of competition” in the country. Meanwhile, Britain's Department for Digital, Culture, Media and Sport said it also wouldn't intervene — on the basis of several “legally-binding commitments” from Paramount related to its footprint in U.K. broadcasting and on-demand entertainment.
Kenneth Griffin built a $60 billion empire by finding the cleanest risk-reward setups in mega-cap tech, and his playbook treats NVIDIA, Tesla, and Meta very differently than the crowd does right now.
Merck has outperformed the broader market over the past year, and analysts remain optimistic about the stock.
Ark Invest's top investor continues to build up existing positions, including adding to a pair of broken IPOs on Wednesday.
Microsoft announced its fourth cloud region in India and its largest data center deployment in the country.
Weekly Jobless Claims continue to demonstrate the most optimistic of all U.S. employment gauge.
Elon Musk's SpaceX and Tesla will initially invest $16.8 billion to build Terafab, an advanced AI semiconductor complex in Grimes County, Texas, as the companies race to secure the chip capacity that the billionaire has called essential to their future. The facility is intended at narrowing the gap between global chip supply and the more than 1 terawatt of computing power that SpaceX and Tesla expect to need in the coming years. Future expansion phases could push total investment much higher, SpaceX said in a statement on its website on Thursday, adding that the facility would employ at least 3,000 people.
Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound and Foundayo will be available at a cost of $50 a month.