Riot Platforms sold 9,665 bitcoin in the first half of 2026, including 4,300 BTC in Q2, to finance its pivot from bitcoin mining to AI infrastructure. Despite reducing its bitcoin treasury to 11,380 BTC, Riot is expanding its data center operations, highlighted by a 20-year, 191-megawatt lease with AI firm Anthropic expected to generate $9.1 billion in revenue through 2048. This strategic shift aligns with broader industry trends as miners like Marathon also sell large bitcoin holdings to fund growth and debt reduction. Riot's move signals a significant transformation from a mining-focused company to an AI infrastructure operator, potentially increasing its valuation and reducing reliance on bitcoin sales in the future.
AMD CEO Lisa Su announced that the company's server revenue is projected to grow by more than 80% in the current half-year period. This growth estimate specifically excludes revenue from AMD's AI accelerator business, highlighting strong demand in ot...
The iShares MSCI Israel ETF (EIS) offers focused exposure to Israeli stocks, especially in financials, technology, and defense. It benefits from strong GDP growth forecasts, easing inflation, and momentum in key sectors. Valued at a reasonable 17x P/...
President Donald Trump announced a temporary pause on the 50% tariffs scheduled to hit Canadian imports, following a trade deal agreement pending final documentation. The tariffs, set to affect about $20 billion in goods including vehicles, dairy, an...
In Q2 2026, David Tepper's Appaloosa fund initiated a significant new position in CoreWeave, an AI cloud infrastructure company, while George Soros's fund held puts against the same stock but reduced their bearish exposure during the quarter. CoreWea...
Nuclear energy stocks like Oklo, Constellation Energy, and NuScale Power fell sharply due to concerns over AI-related capital expenditure and a spike in long-term Treasury yields to a 19-year high. AI companies reported lower-than-expected revenue fo...
