Fermi Inc. shares surged 22.6% following a proxy campaign by co-founder Toby Neugebauer seeking board expansion, new director elections, and a strategic review including potential sale or merger. The campaign highlights Project Matador, an AI power and data-center platform in Texas, which could attract strategic buyers. Investors reacted to the potential for increased AI infrastructure demand and possible interest from major AI players, though no official transaction has been announced. Fermi’s market cap is about $4.39 billion, with shares still below their 52-week high.
Robin Energy Ltd. (RBNE) shares surged nearly 18% overnight following heightened tensions in the Middle East, particularly after Iran's retaliatory strikes on U.S. bases. The Strait of Hormuz, a vital oil passage, is at the center of these tensions, ...
Martin Shkreli forecasted that Meta Platforms might acquire AI startup Anthropic in a "down exit" due to mounting operational issues, public backlash, and regulatory hurdles. Anthropic faces criticism over policy decisions and data retention practice...
Evaxion announced successful preclinical results for EVX-04, an off-the-shelf therapeutic vaccine designed to treat acute myeloid leukemia (AML). The vaccine, developed using AI-Immunology™, targets specific tumor antigens and has shown effective imm...
Ahead of SpaceX's IPO on June 12, investor Gary Black predicts some Tesla shareholders will sell their Tesla shares to buy SpaceX stock. Despite the excitement, Black and NYU's Aswath Damodaran caution that SpaceX's valuation is high and suggest wait...
Lantronix and Cherry & White have introduced the Rapid-Wi-Fi platform, designed to provide fast, secure 5G-based connectivity to critical infrastructure like utilities and emergency services in remote areas. The platform offers enterprise-grade speed...
