HIVE Digital Stock Surges 40% After C$3.5 Billion, 320 MW AI Gigafactory Announcement
HIVE Digital shares jumped 40% after subsidiary BUZZ HPC unveiled plans for a C$3.5 billion AI gigafactory in the Greater Toronto Area with 320 MW capacity.
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HIVE Digital shares jumped 40% after subsidiary BUZZ HPC unveiled plans for a C$3.5 billion AI gigafactory in the Greater Toronto Area with 320 MW capacity.
Ryanair said it has contingency plans for an ‘armageddon scenario’ as soaring jet fuel costs threaten weaker European airlines.
Berkshire Hathaway disclosed major portfolio changes in its latest 13F filing, adding to Alphabet and Delta Air Lines while fully exiting positions including Visa, Mastercard, and Amazon.
SpaceX has reportedly chosen Nasdaq for its anticipated IPO, which could take place as early as June 11 with shares expected to trade under the ticker SPCX.
Cerebras shares jumped 70% in their market debut after the AI chipmaker completed the largest U.S. IPO of the year amid intense investor demand.
AI chipmaker Cerebras priced its IPO at $185 per share, raising $5.55 billion and valuing the company at roughly $56 billion amid overwhelming investor demand.
Nvidia’s market capitalization climbed to roughly $5.5 trillion, exceeding the GDP of every country except the United States and China as shares hit fresh record highs.
Berkshire Hathaway’s cash reserves climbed to a record $380 billion as the company extended its streak of net stock sales to 14 consecutive quarters.
Wall Street analysts are increasingly optimistic that Amazon could eventually reach a $3 trillion market value as growth in AWS and logistics continues accelerating.
Alphabet is rapidly narrowing the gap with Nvidia as both companies approach a combined market value above $10 trillion amid the ongoing AI boom.
AI chipmaker Cerebras is expected to debut on Nasdaq on May 14 under the ticker CBRS, positioning itself as an alternative to Nvidia in the AI hardware market.
Intel shares surged to a record high after reports that Apple may shift part of its chip manufacturing to Intel, increasing pressure on TSMC.
The S&P 500 reached a new all-time high of 7,420 as investor optimism around artificial intelligence and technology stocks continued driving the market higher.
Traders are increasingly positioning around the so-called ‘NACHO’ trade, betting disruptions in the Strait of Hormuz and elevated oil prices will persist longer than markets expect.
SoftBank shares jumped more than 16% as Japan’s technology-led rally pushed the Nikkei 225 to fresh record highs following the Golden Week holiday break.