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Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’
24/7 Wall St.107d agobearish
Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’

Jason Calacanis used Block (NYSE:XYZ) as a case study on a recent This Week in Startups episode to argue that AI-driven productivity gains have become a prisoner’s dilemma for every public company CEO. Block cut over 4,000 people in February 2026, taking headcount from over 10,000 to under 6,000. Three months later, the company posted ... Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’

IREN’s US$2.6b Raise Refocuses Story On AI Infrastructure Execution
Simply Wall St.107d agoneutral
IREN’s US$2.6b Raise Refocuses Story On AI Infrastructure Execution

IREN (NasdaqGS:IREN) has completed a US$2.6b upsized convertible senior notes offering. The new capital is aimed at speeding up its shift from Bitcoin mining to AI cloud infrastructure. The raise follows a US$3.4b five year AI cloud agreement with NVIDIA and a multi billion equity investment right for NVIDIA in IREN. IREN has also acquired Mirantis and Nostrum/Ingenostrum to build out AI focused data center capabilities in the US and Europe. IREN is moving from a pure play Bitcoin miner to...

Why Fermi Rallied Today
Motley Fool107d agoneutral
Why Fermi Rallied Today

Fermi continued to build out its massive infrastructure footprint and offered encouraging words about customer interest, but risks remain.

What the Trump–Xi summit in China could mean for Nvidia
Yahoo Finance Video107d agoneutralVIDEO
What the Trump–Xi summit in China could mean for Nvidia

President Trump's summit in China with President Xi is underway, with Nvidia (NVDA) CEO Jensen Huang and Tesla (TSLA) CEO Elon Musk tagging along. Yahoo Finance Technology Editor Dan Howley explains what talks in China could mean for Nvidia.

SolarEdge Jumps 17%, Enphase Energy Leaps 15%, but Canadian Solar Sinks 11% in Lopsided Solar Stock Trade
24/7 Wall St.107d agobullish
SolarEdge Jumps 17%, Enphase Energy Leaps 15%, but Canadian Solar Sinks 11% in Lopsided Solar Stock Trade

Solar stocks are splitting on Thursday. Enphase Energy (NASDAQ:ENPH) is up 15% to $48.13 and SolarEdge Technologies (NASDAQ:SEDG) is up 17% to $50.04, while Canadian Solar (NASDAQ:CSIQ) is down 11% to $17.91. It’s a sharp rotation within the solar complex. Canadian Solar was the one-month leader heading into today, up 58% through Wednesday’s close, while ... SolarEdge Jumps 17%, Enphase Energy Leaps 15%, but Canadian Solar Sinks 11% in Lopsided Solar Stock Trade

NVIDIA is Up 20% in a Month. Could the May 20 Earnings Report Knock It Right Back Down?
24/7 Wall St.107d agoneutral
NVIDIA is Up 20% in a Month. Could the May 20 Earnings Report Knock It Right Back Down?

Shares of NVIDIA (NASDAQ:NVDA) are trading at $236 in Thursday afternoon action, up 4.5% on the session. The move extends a rally that has lifted the chipmaker 20% over the past month and 27% year to date. NVIDIA’s market cap now sits near $5.71 trillion, the largest in the world. The one-year return has reached ... NVIDIA is Up 20% in a Month. Could the May 20 Earnings Report Knock It Right Back Down?