Alibaba has initiated a HK$80 billion ($10.2 billion) share placement, the largest primary follow-on offering ever by a Hong Kong-listed company, to finance its artificial intelligence (AI) development. The company plans to invest all net proceeds into expanding its AI capabilities, including chips, infrastructure, and AI model development. The offering was oversubscribed, attracting strong demand from investors like sovereign wealth funds, and was priced at a 3.6% discount to the recent closing price. This move comes as Alibaba ramps up AI-related capital expenditures, aiming to shorten the payback period on these investments amid growing demand.
Precision Optics Corporation reported a strong Q4 with record revenue of $8.8 million, a 42% increase year-over-year, surpassing analyst estimates of $7.1 million. The company also beat EPS expectations, posting -$0.01 versus the predicted -$0.06, si...
Taiwan Semiconductor (TSMC) continues to dominate the AI chip foundry market, benefiting from growing AI demand driven by hyperscalers and frontier labs. Although its valuation has pulled back to near 5-year averages amid concerns over slowing hypers...
Stillwater Critical Minerals is developing a large Montana resource containing 10 minerals critical to the U.S., including about 5 billion pounds of nickel, copper, and cobalt, plus 7.7 million ounces of palladium, platinum, rhodium, and gold. This s...
Palantir Technologies maintains a Buy rating with a price target of $287.20, implying 53% upside driven by strong growth and margin expansion. Q3 expectations are high, with revenue and EPS consensus above guidance, but investors want a full-year gui...
Microsoft Corporation continues to be a Strong Buy as its in-house AI models deliver up to 89% savings on GPU costs, helping maintain strong profit margins despite increased capital expenditures. The company’s cloud gross margin remained stable at 65...
