Wall Street brokerage Benchmark has raised its price target on the stock of Hut 8 Corp. (NASDAQ: $HUT) as the company's pivot to artificial intelligence (A.I.) data centres succeeds. Benchmark nearly doubled its price target on Hut 8's stock to $165 U.S. from $85 U.S. prev
SonicStrategy (SONIF) signed a non-binding letter of intent to acquire selected AI infrastructure assets from ARKLAB AI. - The proposed acquisition includes proprietary software and intellectual property for orchestrating distributed GPU compute across decentralized networks. -...</strong
Enterprise capital shifts toward AI infrastructure are squeezing traditional IT spending, creating divergent earnings trends among tech firms. Taiwan Semiconductor Manufacturing Co. (TSM) reported record Q2 revenue driven by soaring AI chip demand, with June sales hitting
JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC) reported second-quarter profit and revenue that topped Wall Street expectations, as strength in investment banking and trading fees drove a 41% jump in net income. The bank posted net income of $21.2 billion, with earnings per shar
KeyBanc downgraded Skyworks Solutions (SWKS) to Sector Weight from Overweight while increasing price targets on several chip stocks, including Nvidia (NVDA) and Intel (INTC). "Following our recent trip to Asia, we have revised several company ests and PTs. What was most to
BofA survey reveals rising optimism among investors as economic expectations align with strong U.S. equity performance. Investor expectations for global economic growth have reached their highest level in five months, reflecting increased confidence in macroeconomic condit
Meta and Tesla hold similar $1.5 trillion and $1.7 trillion valuations but differ sharply in AI execution and near-term business drivers. Meta Platforms and Tesla now trade at nearly identical market capitalizations of $1.7 trillion and $1.5 trillion, respectively. Both fi
Skilled trades workers under 30 report annual salaries of $240,000 to $280,000 amid high demand in AI infrastructure projects. Electricians under 30 working at AI data centers in Texas are earning between $240,000 and $280,000 annually, including overtime, with no debt. Th
The deal grants Cranswick manufacturing partnership and growth support for The Jolly Hog without full ownership. UK meat processor Cranswick has acquired a minority stake in The Jolly Hog, a higher-welfare pork producer, becoming its long-term manufacturing partner. The Co
Quick Read - IBM CEO Arvind Krishna admitted large deals "failed to close" as clients shifted capex to AI hardware, triggering a historic 22% single-day plunge. - MSFT dropped 3% and NOW fell 8% in a multi-stock selling spree, while HSBC slapped IBM stock with a Reduce rating...<
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