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Exclusive-SK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies
Reuters122d agoneutral
Exclusive-SK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies

SK Hynix is being aggressively courted by big global tech firms with offers to invest in its new production lines and fund purchases of pricey manufacturing tools as they rush to secure memory chips, people familiar with the matter said. The offers, unprecedented in ‌the global memory chip industry, underscore the severity of the component's scarcity around the world, as chipmakers struggle to keep pace with surging demand amid an artificial intelligence boom. ‌Memory chips are critical parts in AI data centers, smartphones, PCs and other areas. The firm's customers have been proposing a range of offers to the South Korean chipmaker, including investing in dedicated memory production lines, six people said.

Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
Reuters122d agoneutral
Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal

Nvidia will invest up to $2.1 billion in data center operator IREN, as part ‌of a broader deal to deploy up to ‌5 gigawatts of infrastructure to keep up with soaring artificial intelligence ​demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adoption of AI, as frontier model developers and Big Tech firms funnel billions to secure ‌capacity. • Shares of ⁠IREN were up around 9% in extended trading.

XRP new addresses sink to 18-month low
TheStreet122d agoneutral
XRP new addresses sink to 18-month low

The number of new addresses appearing on the XRP network has dropped from 18,000 a day in December to 2,700 a day on May 7, as per Glassnode data. The figure hitting an 18-month low represents a decline of 85% during the period. Monthly active XRP supply has also sunk from 7.45 ...

New Blackstone REIT to offer pure-play data center exposure
TheStreet122d agoneutral
New Blackstone REIT to offer pure-play data center exposure

Those who live and die by the staying power of the AI boom might soon have a pure-play way to gain exposure to the data center category. Last week, Blackstone filed to debut a brand new data center REIT, the Blackstone Digital Infrastructure Trust ($BXDC). The fresh listing will open up the private ...

Block (XYZ) Q1 Earnings Surpass Estimates
Zacks122d agoneutral
Block (XYZ) Q1 Earnings Surpass Estimates

Block (XYZ) delivered earnings and revenue surprises of +25.68% and -0.81%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

MercadoLibre (MELI) Lags Q1 Earnings Estimates
Zacks122d agoneutral
MercadoLibre (MELI) Lags Q1 Earnings Estimates

MercadoLibre (MELI) delivered earnings and revenue surprises of -6.26% and +4.85%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Palantir CEO issues blunt warning to 'AI slop' competitors
TheStreet122d agoneutral
Palantir CEO issues blunt warning to 'AI slop' competitors

There's a phrase Palantir CEO Alex Karp kept coming back to on the company's first-quarter 2026 earnings call: "AI slop." He used it to describe what he believes most AI competitors are selling: polished demos, convincing pitches, and outputs that fall apart the moment they meet a real enterprise. ...

Morgan Stanley raises price targets across semiconductor sector
TheStreet122d agoneutral
Morgan Stanley raises price targets across semiconductor sector

Morgan Stanley is leaning bullish on semiconductor stocks at a time when the sector is already on fire. The iShares Semiconductor ETF(SOXX) is up 51% this year, and instead of calling a top, the firm just raised price targets for names like IonQ (IONQ), Microchip (MCHP), and ...

iShares Gold Trust vs SPDR Gold Trust: The 0.15% Fee Gap That Matters More Than You Think
24/7 Wall St.122d agoneutral
iShares Gold Trust vs SPDR Gold Trust: The 0.15% Fee Gap That Matters More Than You Think

Gold has done what gold does best in tough macro stretches. With CPI running at 3.7% and the 10-year Treasury at 4.36%, investors are once again debating which physically backed gold ETF to own. SPDR Gold Trust (NYSEARCA:GLD) and iShares Gold Trust (NYSEARCA:IAU) hold essentially the same asset, yet they appeal to different buyers. The ... iShares Gold Trust vs SPDR Gold Trust: The 0.15% Fee Gap That Matters More Than You Think

Codexis Q1 Earnings Call Highlights
MarketBeat122d agoneutral
Codexis Q1 Earnings Call Highlights

Codexis (NASDAQ:CDXS) reported first-quarter 2026 revenue of $15.2 million, up from $7.5 million a year earlier, as the company highlighted continued progress commercializing its ECO Synthesis enzymatic manufacturing platform for RNA medicines and reiterated full-year revenue guidance of $72 million

Texas Roadhouse (TXRH) Meets Q1 Earnings Estimates
Zacks122d agoneutral
Texas Roadhouse (TXRH) Meets Q1 Earnings Estimates

Texas Roadhouse (TXRH) delivered earnings and revenue surprises of +0.13% and -0.06%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Trump meets with Brazil's Lula to talk trade, extends EU tariff deadline
Yahoo Finance Video122d agoneutralVIDEO
Trump meets with Brazil's Lula to talk trade, extends EU tariff deadline

President Trump met with Brazilian President Luiz Inácio Lula da Silva on Thursday, while the administration extended its trade deadline with the European Union (EU) to July 4. Yahoo Finance Washington Correspondent Ben Werschkul speaks more about what this meeting could mean for US-Brazil relations and the latest news about Trump's 25% tariffs against EU cars.

Galapagos Q1 Earnings Call Highlights
MarketBeat122d agoneutral
Galapagos Q1 Earnings Call Highlights

Galapagos (NASDAQ:GLPG) executives used the company’s first-quarter 2026 earnings call to highlight what Chief Executive Officer Henry Gosebruch described as a “real transformation,” including portfolio changes, management and board updates, and an upcoming corporate rebrand to Lakefront Biotherapeu

Software Shines With Booming Earnings Season Thundering Along
The Wall Street Journal122d agoneutral
Software Shines With Booming Earnings Season Thundering Along

A wave of blockbuster earnings in tech is catching a couple software companies, too. Shares in Datadog jumped 31% on Thursday after the company reported 32% year-over-year revenue growth. Cybersecurity provider Fortinet added 20%, after it said it was seeing higher demand for its offerings because of artificial intelligence.

Bloomberg122d agoneutral
Airbnb Boosts Annual Sales Outlook While Spending Picks Up

(Bloomberg) -- Airbnb Inc. boosted its annual forecast on robust bookings in the major markets in the Americas, while it posted a big jump in spending as part of an effort to diversify the business. Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealChina Asks Banks to Pause New Loans to US-Sanctioned RefinerSony to Pay Almost $