SoftBank CEO Masayoshi Son announced a massive $87 billion investment to build AI infrastructure in France, including 5 GW of AI data center capacity by 2031. He described the AI revolution as 50 times bigger than the dotcom boom, emphasizing its long-term growth potential despite past tech crashes. The investment aims to make France a European AI hub, partnering with Schneider Electric to develop an industrial production center in Dunkirk. This move follows SoftBank's ongoing AI expansion in the U.S. and signals a major push to lead AI technology development in Europe.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
