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Bitcoin mining stock surges on $9.8 billion AI deal
TheStreet17d agobullish
Bitcoin mining stock surges on $9.8 billion AI deal

The shares of Hut 8 (Nasdaq: HUT), a Bitcoin miner that has been expanding into artificial intelligence (AI) infrastructure, jumped as much as 14% on July 20 after the firm signed a $9.8 billion lease that fully commercializes its massive Texas data center campus. The 15-year deal covers the second ...

Archer Aviation Stock Soars 20% on New Defense Deal
Barrons.com17d agobullish
Archer Aviation Stock Soars 20% on New Defense Deal

Shares of the electric vertical takeoff and landing, or eVTOL, aircraft maker rose 20.5% in midday trading to $5.36, while the was up 0.3%. The move came after the company announced plans to develop an autonomous vertical takeoff and landing platform for defense and commercial applications. “From raw performance to producibility, harnessing the best technologies from the commercial eVTOL market for defense is central to how Thunder will deliver operational value to our customers,” said Shane Arnott, SVP of Maneuver Dominance at Anduril, in a news release.

Lumentum Is the S&P 500’s Top Performer Today. Here’s Why.
Barrons.com17d agobullish
Lumentum Is the S&P 500’s Top Performer Today. Here’s Why.

Lumentum Holdings was among the hottest names in the artificial-intelligence trade at the start of the year. After a couple rocky months, it is time to buy, according to Barclays. The firm upgraded Lumentum shares to Overweight from Equal Weight and reiterated a price target of $1,000 in a research note Monday.

Is Intel (INTC) Stock a Buy Before Q2 Earnings?
Insider Monkey17d agobullish
Is Intel (INTC) Stock a Buy Before Q2 Earnings?

The parabolic AI trade has sent many chip stocks to the moon, as investors have bet that hyperscalers such as Google, Microsoft, Amazon, and Meta will continue to aggressively expand AI capital expenditures. However, the rally now faces significant headwinds, with valuation and revenue sustainability concerns resurfacing amid rising competition from cheaper Chinese models. The […]

Investing.com17d agobullish
AMD stock surges 5% as Microsoft locks in massive AI infrastructure deal

Investing.com -- Advanced Micro Devices (NASDAQ: AMD) shares jumped 5% on Monday following a high-stakes expansion of its strategic partnership with Microsoft, placing AMD’s next-gen silicon at the heart of Azure’s cloud infrastructure. The centerpiece of the deal is Microsoft’s wide-scale deployment of the AMD Helios Rackscale Solution to drive frontier model AI inference across Azure services and enterprise customer workloads. Helios—an integrated power-rack combining AMD Instinct MI455X GPUs,

Investing.com17d agobullish
AMC Entertainment soars on record quarterly results

Investing.com -- AMC Entertainment Holdings, Inc. (NYSE: AMC) reported second-quarter results that exceeded analyst expectations, with the company posting its highest quarterly revenue and adjusted EBITDA in its 106-year history.

Bristol Myers buys Nvidia's latest AI computing system for drug research
Reuters17d agobullish
Bristol Myers buys Nvidia's latest AI computing system for drug research

Bristol Myers Squibb said on Monday it is buying the latest-generation computing system from chip company Nvidia ‌to support its use of artificial intelligence across its drug discovery and development ‌operations. The drugmaker said it will be the first life sciences company to buy an Nvidia DGX SuperPOD ​based on its Vera Rubin systems. The chipmaker unveiled its Vera Rubin architecture earlier this year as the successor to its current generation of AI computing systems.