Galaxy Digital is transforming from a crypto company into a data center platform, led by its Helios project. Phase I of Helios is already operational and generating high-margin revenue, while Phases II and III along with 830 MW of approved capacity offer significant growth potential. Despite current financial losses and a high valuation, the company's future earnings from contracted and potential data center deals support a Buy rating. Key risks include high capital needs, costly financing near 10% interest, and reliance on a major customer, CoreWeave.
Sandisk and Kioxia announced plans to invest over $31 billion in their memory manufacturing facilities in Japan. This investment represents about 60% of what they have spent there over the past 25 years, signaling a major expansion in their productio...
Amazon reported strong Q2 results with AWS growth accelerating to 37% and advertising revenue growing 26%, signaling robust business momentum. The company’s cloud backlog reached $496 billion, and its AI and chip units surpassed $25 billion annualize...
Hyperliquid, a decentralized perpetual futures exchange, has reached an open interest of $13.3 billion, surpassing the combined open interest of the next nine decentralized exchanges. This milestone highlights Hyperliquid's dominant position in the o...
Public Service Enterprise Group (PSEG), a New Jersey-based utility with a $36 billion market cap and about 13,000 employees, has increased its dividend for 15 consecutive years. The company's 10-year dividend growth rate is 4.9%, reflecting steady bu...
BioVie Inc has completed the last on-treatment visit in its Phase 2 ADDRESS-LC clinical trial testing bezisterim for neurological symptoms of Long COVID. The trial, funded by the U.S. Department of War, evaluates bezisterim's safety and effectiveness...
