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Warren Buffett’s 1992 ‘Kamikaze Pricing’ warning came true at 3 a.m. on May 2
24/7 Wall St.115d agoneutral
Warren Buffett’s 1992 ‘Kamikaze Pricing’ warning came true at 3 a.m. on May 2

When Spirit Airlines’ yellow Airbus fleet went dark at 3:00 a.m. Eastern on May 2, stranding passengers and dissolving 17,000 jobs, the immediate culprits were obvious. A doubled jet fuel bill traceable to the Iran conflict. A bankruptcy court that had run out of patience. A group of senior creditors led by Citadel and Ares ... Warren Buffett’s 1992 ‘Kamikaze Pricing’ warning came true at 3 a.m. on May 2

CoreWeave tops revenue estimates as AI boom supercharges cloud demand
Reuters115d agobearish
CoreWeave tops revenue estimates as AI boom supercharges cloud demand

CoreWeave Inc beat analysts' estimates for quarterly ‌revenue on Thursday, as the ‌specialized cloud provider tapped into strong demand ​for its high-performance computing services used to train and deploy artificial intelligence models. CoreWeave's core advantage lies in its specialized infrastructure and a close relationship with AI chip bellwether Nvidia, which grants it ‌early and large-scale ​access to the ​most sought-after ​AI hardware.The company reported ‌total revenue of $2.08 billion ​for the ​first quarter, compared with analysts' average estimate of $1.97 billion, according ​to data ‌compiled by LSEG.

Elon Musk ’Dissolved’ xAI. What It Means for the SpaceX IPO.
Barrons.com115d agoneutral
Elon Musk ’Dissolved’ xAI. What It Means for the SpaceX IPO.

Elon Musk is dissolving his artificial-intelligence company, xAI. Now, SpaceX is the entity that will vie for AI supremacy with OpenAI, Anthropic, and Alphabet The company is getting its ducks in a row ahead of an IPO that is expected to be the biggest ever, raising as much as $75 billion and valuing the company at up to $2 trillion. Wednesday afternoon, Musk tweeted “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX.”

Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
24/7 Wall St.115d agobearish
Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools

The AI optics trade is taking a breather. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 14% in midday trading, while Coherent (NYSE:COHR) is off 10% and Lumentum (NASDAQ:LITE) is sliding 7%. The selloff is sector-wide. Ciena (NYSE:CIEN) is lower by 10% and Fabrinet (NYSE:FN) is down 8%, confirming this is correlated basket selling rather than ... Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools

EWT, EWY, and SOXX: The Only 3 ETFs You Need for Semiconductor Dominance
24/7 Wall St.115d agoneutral
EWT, EWY, and SOXX: The Only 3 ETFs You Need for Semiconductor Dominance

Taiwan and South Korea sit at the center of the global chip supply chain, and three exchange-traded funds offer the most direct way to hold that exposure: the iShares MSCI Taiwan ETF (NYSEARCA:EWT), the iShares MSCI South Korea ETF (NYSEARCA:EWY), and the iShares Semiconductor ETF (NASDAQ:SOXX). Taiwan Semiconductor Manufacturing sits at the center of the ... EWT, EWY, and SOXX: The Only 3 ETFs You Need for Semiconductor Dominance

Wheat Prices Soared 15% in a Month. Here’s How to Hedge With DBA, TAGS, and WEAT
24/7 Wall St.115d agobullish
Wheat Prices Soared 15% in a Month. Here’s How to Hedge With DBA, TAGS, and WEAT

Wheat futures jumped roughly 15% in a single month, crude oil sits in the 98th percentile of its 12-month range, and the Consumer Price Index keeps grinding higher. Most equity portfolios carry no direct hedge against any of it. The three funds that offer the cleanest exposure to the agriculture side of that picture are ... Wheat Prices Soared 15% in a Month. Here’s How to Hedge With DBA, TAGS, and WEAT

SoftBank in talks with Nvidia to build homegrown AI servers, Nikkei reports
Reuters115d agoneutral
SoftBank in talks with Nvidia to build homegrown AI servers, Nikkei reports

Japan's SoftBank ‌Corp has ‌begun discussions with ​U.S. chip giant Nvidia and Taiwanese contract ‌manufacturer ⁠Foxconn as the conglomerate ⁠weighs plans to build ​homegrown ​artificial ​intelligence servers, ‌the Nikkei newspaper reported on Friday. SoftBank is considering starting design ‌and ​component ​assembly ​by the ‌end of the ​decade, ​Nikkei added.

Qualcomm Climbs 8% as Buyback, Snap AR Partnership Power Pivot Beyond Smartphones
24/7 Wall St.115d agobullish
Qualcomm Climbs 8% as Buyback, Snap AR Partnership Power Pivot Beyond Smartphones

Shares of Qualcomm (NASDAQ:QCOM) gained 8% and hit $223 in midday trading on Thursday, May 7, before coughing up some of the day’s gains. The move extends one of the sharpest re-rating runs in the chip group this spring. QCOM stock is now up 61% over the past month. The catalyst stack is unusually broad: ... Qualcomm Climbs 8% as Buyback, Snap AR Partnership Power Pivot Beyond Smartphones

Can Nvidia Hit $300 by 2027? Here’s Why the Answer Is Yes
24/7 Wall St.115d agoneutral
Can Nvidia Hit $300 by 2027? Here’s Why the Answer Is Yes

NVIDIA (NASDAQ:NVDA) stock has cooled off from its highs, but our proprietary model still sees room to run. The path to $300 is real, and it runs through Blackwell Ultra, Vera Rubin, and the agentic AI buildout that Jensen Huang says has just begun. Nvidia trades at $198.48 as of May 4, 2026. Our 24/7 ... Can Nvidia Hit $300 by 2027? Here’s Why the Answer Is Yes

Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next
24/7 Wall St.115d agoneutral
Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next

IREN (NASDAQ: IREN) reports fiscal Q3 results after the close today. The numbers should look strong, but the real story sits behind them: a Microsoft contract ramp, a freshly energized Sweetwater campus, and a just-announced acquisition that reshapes the business. From Mining Roots to a Full-Stack AI Neocloud Last quarter’s $184.7M revenue report missed the ... Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next