Electrovaya Inc. has announced a commercial agreement with Amazon to support the deployment of its Infinity Battery Technology in material handling operations, with potential expansion into robotics and energy storage applications. Amazon will receive warrants to purchase Electrovaya shares tied to future purchases, signaling a strong commercial relationship. This partnership highlights Electrovaya's focus on safer, longer-lasting lithium-ion batteries and its plans to grow manufacturing capacity in the U.S. The collaboration could boost Electrovaya's revenue and market presence in industrial battery solutions.
Amazon and Meta reported strong revenue growth but heavy capital expenditures on AI infrastructure in Q2, with Amazon spending $53.1 billion and Meta $31.1 billion. Amazon's AWS segment showed robust cash flow and backlog growth, benefiting from mult...
Bridgewater Associates, led by Ray Dalio, disclosed a $24.4 billion stock portfolio as of June 30, 2026, with a strong focus on ETFs like SPY and IVV, which make up over 25% of holdings. The hedge fund increased its ETF positions but reduced stakes i...
In Q2 2026, Berkshire Hathaway boosted its Alphabet shares by 83%, making it its third-largest holding worth $37.8 billion, while billionaire investor Stanley Druckenmiller initiated a new Alphabet position. Both investors, known for very different s...
The YieldMax MSTR Option Income Strategy ETF (MSTY) saw its headline yield plummet from over 200% to a fraction due to MicroStrategy's 75% stock drop, causing distributions and share price to fall sharply. MSTY's concentrated exposure to one volatile...
The four largest cloud buyers—Microsoft, Meta, Alphabet, and Amazon—are set to spend about $500 billion in 2024 on AI infrastructure, driving up electricity and water usage significantly. This surge is pushing U.S. residential power prices higher and...
