OpenAI CEO Sam Altman has resigned as board chair of Helion, a fusion energy startup he supports, amid early-stage talks between OpenAI and Helion. The potential deal could secure OpenAI 12.5% of Helion's fusion power production, targeting 5 gigawatts by 2030 and 50 gigawatts by 2035. Helion aims to rapidly scale its unique magnet-based fusion reactors, which convert fusion energy directly into electricity, positioning it ahead of competitors targeting the early 2030s for commercial fusion power. Altman's departure from the board is seen as a move to facilitate a partnership between the two companies as Helion pushes toward commercial-scale fusion energy production.
The ProShares S&P 500 High Income ETF (ISPY) charges 0.56% annually for a daily covered call strategy that resets option ceilings daily, allowing more upside participation in the S&P 500 compared to monthly call funds. This approach, supported by lev...
Microsoft and 3M have formed a strategic partnership where Microsoft will be the first hyperscale cloud provider to deploy 3M's Expanded Beam Optical (EBO) technology in Azure data centers. This tech improves fiber connections by making them faster t...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
Microsoft Corporation is still considered a Strong Buy despite recent stock declines and market worries about its capital expenditures and business uncertainties. Its forward price-to-earnings ratio for 2027 is 20x, significantly lower than its 5-yea...
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
