Stock Update
Palantir’s paradox? Recession-proof AI startup or overvalued surveillance giant?
Analysts hail Palantir’s execution in AI and government work, but with the stock trading at 105x forward sales, skeptics warn valuations are stretched to the limit.
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Wall Street joins Main Street in betting bull market isn’t done yet, but there’s a catch
Institutional investors ramp up stock exposure as Fed rate cuts revive “easy money”, but doubts over political pressure on the central bank could spoil the rally.
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CleanSpark lands $100M bitcoin-backed credit from Coinbase Prime
Bitcoin mining company CleanSpark (CLSK) said on Monday that it has secured a $100 million credit facility with Coinbase Prime, the crypto company’s institutional prime brokerage unit.
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Federal judge overturns Trump’s halt on Orsted’s offshore wind project
Danish renewable energy company Orsted (ORSTED) plunged over 16% last month when the U.S. Interior Department halted its massive Revolution Wind project off the coast of Rhode Island.
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Plug Power’s stock is soaring and no one can figure out why
But even if there is no clear reason for Plug’s rally this month, Wall Street might be getting more bullish on PLUG stock fundamentals.
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Nvidia continues flexing ‘AI dominance’ with $100B OpenAI deal
It turns out Nvidia’s (NVDA) $5 billion investment in Intel (INTC) was just a warm up for a much bigger bet on the AI ecosystem
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UK government partners with Palantir on a potential $1.8B defense investment strategy
Palantir Technologies (PLTR) is diversifying its portfolio of government contracts beyond the US to partner with America’s allies
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“Dude, you’re outperforming Apple” — How Dell 2x’d Apple over the past five years
Once dismissed as a low-growth PC maker, Dell has reinvented itself as an AI infrastructure heavyweight, delivering a 306% return over five years
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Microsoft says it’s opening ‘world’s most powerful AI datacenter’
Microsoft (MSFT) claims that an AI datacenter it’s building in Wisconsin will be the most powerful facility in the world
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UK and US trade talks are sending nuclear stocks soaring
The UK has agreed to open its nuclear sector to technology being developed by American companies
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With Fed rate cut, small-cap stocks might finally be winners again
It has been a long time since investors showed any love for small-cap stocks, which have been shunned while the S&P 500 and Nasdaq have soared on tech-driven bull runs.
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“The mother of all bear traps?” Hims & Hers stock snaps back after FDA warning
Shares rebounded nearly 10% after a sharp sell-off, with analysts split on whether the FDA scrutiny is noise or a sign that growth is cooling.
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From streets to skies: Uber bets on drones as the next frontier of Eats
Uber is looking to bolster its service by announcing on Thursday that it has made its first investment in drone delivery through a strategic partnership with Flytrex, Inc.
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IonQ will work with the U.S. Department of Energy to deploy quantum tech in space
IonQ (IONQ) said on Wednesday that it has signed a memorandum of understanding (MOU) with the U.S. Department of Energy (DOE) to accelerate the advancement and deployment of quantum technologies in space.
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Nvidia partners with CoreWeave and Microsoft to launch ‘AI industrial revolution’ in the UK
It turns out Google isn’t the only American Big Tech company hopping across the pond to support the UK’s AI expansion efforts.
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Micron’s (MU) record run faces Musk-inspired doubts
Investors see HBM as Micron’s golden ticket in the AI boom. Elon Musk isn’t so sure.
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FDA accuses Hims & Hers of violations for ‘false or misleading’claims about weight-loss drugs
The U.S. Food and Drug Administration (FDA) has sent a letter to Hims & Hers Health (HIMS) CEO Andrew Dudum
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From Brussels’ doghouse to Britain’s backyard: Google bets billions on UK AI
A couple of weeks after having been hit with €2.95 billion (USD $3.5 billion) fine by the European Commission for breaching EU antitrust rules, Alphabet’s Google (GOOG) announced that it is opening a new AI data center in the UK
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