Micron and Sandisk hit record highs after Nvidia partners with IREN to deploy 5GW of AI infrastructure. Memory-chip stocks rallied Friday as data center spending for artificial intelligence applications drove gains. Micron and Sandisk reached record highs, fueled by Nvidia
The company plans to reduce parent debt by at least $300M following the divestiture of Long Ridge to Mara Holdings. FTAI Infrastructure Inc. expects to save $30M annually in interest expenses after selling its Long Ridge asset to Mara Holdings for $1.52 billion. The transa
Kunlunxin, Baidu's semiconductor subsidiary, seeks a $14.7 billion valuation ahead of its planned listing in Hong Kong. Baidu’s artificial intelligence chip unit Kunlunxin is pursuing a minimum valuation of $14.7 billion for its upcoming Hong Kong stock exchange listing. T
Targa Resources shares approach a rare ascending base pattern amid broader market strength led by AI and tech sectors. Targa Resources (TRGP) stock is trading just below a technical buy point after forming a rare ascending base pattern. The move comes as energy shares unde
The Canadian health products firm posted C$169.8M in Q1 revenue, up 16.3% year-over-year, with non-GAAP EPS of C$0.17. Jamieson Wellness reported Q1 non-GAAP earnings per share of C$0.17 as revenue climbed 16.3% year-over-year to C$169.8M. The results reflect continued dem
Amazon stock reaches new peak as 17% revenue growth and cloud demand justify $200 billion capital expenditure plan. Amazon shares reached an all-time high this week, recovering from an earlier sell-off and rising 44% year-to-date. The rally follows strong first-quarter res
April jobs data shows tech employment down 11% from November 2022 highs while equities outperform the S&P 500. Tech stocks are trading at all-time highs relative to the S&P 500, defying a sharp decline in sector employment. The divergence highlights a K-shaped trend within
Shares of Cerence (CRNC) fell 8% on Friday after the company reported second-quarter results. - Cerence posted a Q2 GAAP EPS of $0.04. - Revenue declined 17.7% year over year to $64.2M, though it beat analyst estimates by $3.33M. - The company said adjusted
The technology sector is leading the stock market this year, and for some of the best-performing tech stocks, it may be time to take profits. The IBD Smart NYSE + Nasdaq Tables show the tech sector's dominance, with the Computer, Chips, and Electronics sectors up 53% to 14
Strategic Transformation and Operational Execution - Proposed an all-stock merger to acquire the remaining 18.1% of Array to eliminate duplicative costs and strengthen the enterprise capital structure for growth investments. - TDS Telecom achieved record first-quarter fiber...</p