Nvidia expands into CPUs with its Vera platform, targeting a new $200 billion segment in AI infrastructure beyond GPUs. Nvidia announced its Vera CPU platform, designed to address gaps in AI data center infrastructure beyond its dominant GPU offerings. The company’s CFO st
Fidelity launches a money market fund targeting $320 billion stablecoin reserve market, competing with State Street’s similar offering. Fidelity Investments has introduced the Fidelity Reserves Digital Fund, a money market fund aimed at managing reserves for stablecoin iss
Legislation would impose a one-time tax on AI companies to create a sovereign wealth fund distributing $1,000 annual payments to Americans. Sen. Bernie Sanders introduced a bill requiring AI companies with over $200 million in annual revenue to transfer 50% of their shares
Five major firms raised ratings or price targets on CRM, ENPH, and VRSK, citing valuation, growth opportunities, and reduced risks. Monness Crespi upgraded Salesforce to Buy from Neutral, setting a $200 price target. The firm cited compelling valuation, margin strength, an
AMD reports $5.8 billion in Q1 data center revenue, up 57% year-over-year, and raises its server CPU market forecast to $120 billion by 2030. Advanced Micro Devices posted a 38% year-over-year revenue increase to $10.3 billion in the first quarter, driven by strong demand
The investment will deploy 2,304 Nvidia processors for AI computing, adding $70 million in annual recurring revenue for HIVE. HIVE Digital Technologies Ltd. ($HIVE) announced a $220 million investment from Bell Canada ($BCE) and AI firm Cohere, driving its stock up 12%. Th
Brent and WTI crude futures fall nearly 3% after U.S.-Iran deal eases supply concerns and reopens the Strait of Hormuz. Oil prices plunged to their lowest levels since the start of the Iran war after a U.S.-Iran ceasefire agreement improved global supply prospects. Brent c
U.S. stock futures pointed higher on Thursday, indicating a stronger start for Wall Street after equities sold off sharply following the Federal Reserve's latest policy decision. Investor sentiment improved after the United States and Iran formally signed a preliminary agr
The Finnish food group secures €24.2m revenue business to strengthen its position in professional kitchens and out-of-home dining. Finnish food company Fresh Servant Group has agreed to acquire Bama Fresh Cuts, a Norway-based producer of ready-cut salads and meals, for an
Following government tenders for nearly 10 gigawatts of new renewable energy capacity, Australia’s pipeline of probable clean energy projects jumped by about 30% to as much as 32.3 GW in the biggest surge on record. The total of accredited, committed, and probable projects
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