Tower Semiconductor announced a multi-year agreement with IQE plc to supply Indium Phosphide (InP) epiwafers, enhancing its silicon photonics capabilities crucial for AI-driven data centers. This deal includes minimum purchase commitments and reciprocal supply terms, strengthening Tower's position in advanced optical connectivity. The stock surged over 5% in premarket trading, nearing its 52-week high, supported by strong growth, momentum, and a bullish technical outlook. Tower Semiconductor is expected to release its next earnings update on August 3, 2026, with analysts maintaining a Buy rating and an average price target of $276.75.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
