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SharonAI NVIDIA Deal Reshapes Australian AI Cloud Capacity And Economics
Simply Wall St.69d agoneutral
SharonAI NVIDIA Deal Reshapes Australian AI Cloud Capacity And Economics

SharonAI Holdings (NasdaqCM:SHAZ) has entered into a six year AI infrastructure collaboration with NVIDIA focused on expanding data center and GPU capacity in Australia. The agreement introduces a revenue sharing and credit support model that aims to increase access to NVIDIA AI compute for startups, enterprises and research institutions. The partnership is positioned as a key milestone for AI infrastructure deployment and adoption in the Australian market. For investors following...

POET Technologies (POET) Rides Market Leaders’ Semiconductor Optimism, Climbs 11%
Insider Monkey69d agobullish
POET Technologies (POET) Rides Market Leaders’ Semiconductor Optimism, Climbs 11%

POET Technologies Inc. (NASDAQ:POET) is one of the 10 Stocks That Absolutely Exploded Higher. POET Technologies saw its share prices jump by 11.38 percent on Friday to close at $12.53 apiece, as investor sentiment was bolstered by the continued optimism for companies and sectors riding the AI boom, thanks to bullish comments from analysts and […]

Arm Holdings (ARM) Gets BofA Backing, 37% PT Upgrade, Climbs 11%
Insider Monkey69d agobullish
Arm Holdings (ARM) Gets BofA Backing, 37% PT Upgrade, Climbs 11%

Arm Holdings PLC (NASDAQ:ARM) is one of the 10 Stocks That Absolutely Exploded Higher. Arm Holdings saw its share prices jump by 11.27 percent on Friday to close at $380.81 apiece, as investors took heart from Bank of America’s highly optimistic outlook for the broader semiconductor industry, with the company alone earning a 37 percent […]

Navitas Semiconductor (NVTS) Is Down 6.7% After Nvidia AI MGX Showcase Tie‑In And $500M ATM Plan
Simply Wall St.69d agoneutral
Navitas Semiconductor (NVTS) Is Down 6.7% After Nvidia AI MGX Showcase Tie‑In And $500M ATM Plan

In recent days, Navitas Semiconductor announced a new ultra‑high‑voltage UHV‑TO‑247‑4‑ISO SiC package, filed an omnibus shelf registration and a US$500 million at‑the‑market equity program, participated in Nvidia’s AI Factory MGX showcase at COMPUTEX 2026, and saw director Dr. Ranbir Singh resign from the board effective June 9, 2026. These events collectively highlight Navitas’ push to deepen its role in AI data‑center and high‑voltage energy infrastructure while potentially increasing its...

HPE Private Cloud AI Win With Sky Highlights On Premises AI Strategy
Simply Wall St.69d agoneutral
HPE Private Cloud AI Win With Sky Highlights On Premises AI Strategy

Sky Co., Ltd. has deployed HPE Private Cloud AI from Hewlett Packard Enterprise (NYSE:HPE), an on premises AI infrastructure solution co developed with NVIDIA. The deployment enables large scale AI adoption under strict data governance and supports use of sensitive data. The project was completed in about one month, highlighting rapid implementation for an enterprise grade AI environment. Hewlett Packard Enterprise sits at the intersection of traditional IT infrastructure and AI focused...

SpaceX shares soar 19% in stock market debut
Reuters Videos69d agobullishVIDEO
SpaceX shares soar 19% in stock market debut

<body><p>STORY: The world's biggest ever IPO ended with Elon Musk's SpaceX gaining 19% in its debut session Friday, as investors piled into the&nbsp;rocket company,&nbsp;betting on its now-trillionaire CEO [beat]&nbsp;and the prospect of putting AI in space.</p><p>Friday's debut gave SpaceX a valuation of more than $2 trillion, putting it in elite company with the likes of Nvidia and Apple... and making it more valuable than Musk's Tesla.</p><p>The landmark listing also made Musk the first trillionaire ever. He loomed large over Times Square from the jumbo TV screen of the Nasdaq stock exchange... while a giant and unflattering inflatable depicting Musk was also on display with messages critical of SpaceX and Grok.</p><p>Musk's rocket company began trading ahead of forthcoming IPOs for AI heavyweights Anthropic and OpenAI which will further test market appetite for new entrants.</p><p>Anna Rathbun, founder and CEO of Grenadilla Advisory says the company is benefitting from its connection to AI&nbsp; rather than its fundamentals.</p><p>“So I think it's not so much about SpaceX, but just the excitement about AI and SpaceX as much the name has space in it, it's an AI company at the end of the day, right? &nbsp;So I think the excitement about AI is going to drive it. Whether or not it would be successful, we have to see.”</p><p>At $75 billion, the deal's proceeds were more than double those of Saudi Aramco's record-setting 2019 IPO.</p><p>Although SpaceX may have to wait for entry into the S&P 500, its expected fast-track inclusion in the Nasdaq 100 will soon make it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its shares.</p><p>Retail investors on Friday snapped up shares of SpaceX despite SpaceX posting a loss of nearly $5 billion last year and generating only a fraction of the revenue brought in by similarly valued tech giants.</p><p>Still, several analysts have issued positive ratings on the stock.&nbsp;</p><p>But Morningstar analysts this month said it is more fairly valued at around $780 billion, and CFRA on Friday started coverage with a sell rating.</p></body>