HIVE Digital Technologies posted a strong Q1 FY27 with revenue up 73.5% year-over-year to $79.1 million, boosted by growth in its BUZZ HPC AI cloud and Bitcoin mining operations. The company improved its gross margin to 30.6% and achieved a positive adjusted EBITDA of $13.4 million. BUZZ HPC's contracted GPU cloud annual recurring revenue reached about $180 million, supported by a new $350 million five-year customer contract, indicating potential for further revenue and margin growth. Despite trading at a discount compared to AI infrastructure peers, HIVE's valuation could rise if it successfully converts ARR and finances equipment effectively.
Nvidia has surpassed Apple in the holdings of every S&P 500 index fund, reflecting a significant change in investment trends within these funds. This shift highlights growing investor confidence in Nvidia's growth potential and the tech sector's evol...
D.E. Shaw & Co. disclosed a new $912 million position in SpaceX following its June 2026 IPO, acquiring 5.34 million shares. Simultaneously, the firm reduced its Broadcom holdings by 58.3%, trimming 3.8 million shares but retaining over $1 billion in ...
The AI revolution has boosted the semiconductor sector, but rising capital expenditures by hyperscalers are causing investor concerns. Despite this, hyperscalers may cut costs by using more efficient AI chips or investing in R&D rather than slowing A...
Illumina reported strong Q2 2026 results, surpassing earnings per share and revenue expectations. The company raised its full-year guidance for both earnings and revenue, highlighting robust profitability and cash flow. Management emphasized ongoing ...
Grey Matters Health has obtained a key radioactive materials licence in Florida, enabling it to open its first US brain-scanning clinic in Davie by September 30. The clinic will feature a new PET brain scanner that uses 25% less radiation and allows ...
