Hyperscale Data sold about 685 Bitcoin for $43 million, using $30 million to reduce debt and the rest to expand its Michigan AI data center. The company now holds 275 Bitcoin, down from over 1,000 recently. This move improves its financial health while maintaining Bitcoin as part of its strategy. Hyperscale plans to focus more on data centers and digital asset management going forward.
Applied Materials reported record third-quarter results and issued a fourth-quarter revenue guidance of $10.25 billion, significantly exceeding analyst expectations. The company reduced its revenue dependence on China to 26%, lowering geopolitical ri...
Duolingo is rated a Buy due to accelerating user growth and improved efficiency from AI, which has increased margin forecasts. The company prioritizes expanding its user base over immediate profits, aiming for 100 million daily active users by 2028, ...
Jim Cramer is highlighting semiconductor stocks as key investments due to strong earnings driven by AI infrastructure demand. Major players like NVIDIA, AMD, Broadcom, Qualcomm, and Marvell show varied strengths: NVIDIA and AMD lead in merchant GPU c...
AXIS Capital Holdings Limited reported 15% year-over-year growth in premiums written and diluted book value, maintaining a strong combined ratio of 93.1%. Despite a 25% decline in reinsurance premiums, its Series E preferred stock (AXS.PR.E) provides...
Sphere 3D Corp. reported a net loss of $13.8 million for Q2 2026 following its June 1 merger with Cathedra Bitcoin, reflecting legacy business costs and transition expenses. The company is shifting focus to AI and high-performance computing by levera...
