The investment story for Corning looks even sweeter in the wake of Jim Cramer's sit-down with CEO Wendell Weeks on "Mad Money" on Thursday night. One day after Corning's blockbuster optical partnership with Nvidia , Weeks shed some more light on the company's new supply agreements with two unnamed hyperscalers. Corning first disclosed these along with earnings last week, but details were light. He...
The investment story for Corning looks even sweeter in the wake of Jim Cramer's sit-down with CEO Wendell Weeks on "Mad Money" on Thursday night. One day after Corning's blockbuster optical partnership with Nvidia , Weeks shed some more light on the company's new supply agreements with two unnamed hyperscalers. Corning first disclosed these along with earnings last week, but details were light. Here's the comment from Weeks that caught our attention from Jim's interview: "Probably the biggest commercial arrangement ever in my career we just entered into with Nvidia, and then these other two major ones are larger than the Meta deal that's been public on, and I'm sure some of those customers will want to be more open about that over time." We knew they were about the same size as the Meta deal, which Corning went public with back in January, saying at the time it was worth up to $6 billion through 2030 to supply fiber optic cables for data centers. But to hear they are actually larger is, of course, encouraging. At the very least, it gives us a floor for these combined deals at about $12 billion. On Corning's April 28 earnings call, this is what Weeks had to say about the two new deals: "On our last call [in January], I shared that we were in the process of concluding other agreements of the same size and duration as the Meta agreement. We now have concluded two more large, long-term agreements with hyperscale customers. And they are each similar in size and duration. Now I know, we will get questions on who the other customers are and the specifics of our arrangements. However, our philosophy is to let our customers decide when, and where they choose to make announcements on their critical supply chain decisions. I can share that these deals are very significant, and they share the risk and rewards of the required expansions with our strategic customers." Now back to Thursday's remarks. Those two hyperscale deals we figured were worth about $6 billion each, now it se...
Iran deal doubts hit stocks Thursday, but Nvidia, Tesla were strong. CoreWeave, Rocket Lab, Cloudflare and IREN were earnings movers late. The jobs report is on deck.
Iran deal doubts hit stocks Thursday, but Nvidia, Tesla were strong. CoreWeave, Rocket Lab, Cloudflare and IREN were earnings movers late. The jobs report is on deck.
Villa thrash Forest to reach Europa League final ‘We didn’t want to leave these games with regrets’ John McGinn said Aston Villa took a giant step towards proving they are not “nearly men” after securing their spot in a first European final since 1982 in front of Prince William, who afterwards joined the players in the dressing room. Villa’s captain scored twice late on as Villa romped to a 4-0 Eu...
Villa thrash Forest to reach Europa League final ‘We didn’t want to leave these games with regrets’ John McGinn said Aston Villa took a giant step towards proving they are not “nearly men” after securing their spot in a first European final since 1982 in front of Prince William, who afterwards joined the players in the dressing room. Villa’s captain scored twice late on as Villa romped to a 4-0 Europa League semi-final second-leg win over Nottingham Forest to maintain Unai Emery’s hopes of a record fifth title in the competition. Villa will face Freiburg in Istanbul on 20 May. Continue reading...
We just covered Sell These 4 Stocks and Go All In on These 3 Stocks Before May 9th for 100x Returns? and NVIDIA Corporation (NASDAQ:NVDA) ranks 7th on this list. NVIDIA Corporation (NASDAQ:NVDA) remains the dominant force in AI, but several specific headwinds have led some social media stock experts to the conclusion that the […]
We just covered Sell These 4 Stocks and Go All In on These 3 Stocks Before May 9th for 100x Returns? and NVIDIA Corporation (NASDAQ:NVDA) ranks 7th on this list. NVIDIA Corporation (NASDAQ:NVDA) remains the dominant force in AI, but several specific headwinds have led some social media stock experts to the conclusion that the […]
The emergence of China’s first world snooker champion, Zhao Xintong, last year was a breakthrough that signalled the beginning of a golden era for the country’s players. There was an expectation there would be more Chinese winners to come. We didn’t have to wait long. Zhao’s compatriot Wu Yize matched the feat on Monday, winning 18-17 in a gripping final at the Crucible Theatre in England. It is t...
The emergence of China’s first world snooker champion, Zhao Xintong, last year was a breakthrough that signalled the beginning of a golden era for the country’s players. There was an expectation there would be more Chinese winners to come. We didn’t have to wait long. Zhao’s compatriot Wu Yize matched the feat on Monday, winning 18-17 in a gripping final at the Crucible Theatre in England. It is the first time in 24 years the final has gone to the last frame. Wu overcame his nerves to...
The US military said it carried out retaliatory strikes on Iran on Thursday, targeting sites it said were responsible for attacking US forces in what it called unprovoked hostilities by Tehran. Earlier, Iran’s top joint military command said the US had violated a ceasefire by targeting an Iranian oil tanker and another ship entering the Strait of Hormuz, and by striking civilian areas. “US Cent...
The US military said it carried out retaliatory strikes on Iran on Thursday, targeting sites it said were responsible for attacking US forces in what it called unprovoked hostilities by Tehran. Earlier, Iran’s top joint military command said the US had violated a ceasefire by targeting an Iranian oil tanker and another ship entering the Strait of Hormuz, and by striking civilian areas. “US Central Command (CENTCOM) eliminated inbound threats and targeted Iranian military facilities...
Fenne/iStock via Getty Images Foreword About Large Cap Value “A large cap stock value ranking from YCharts puts together complementary stocks research strategies. The value ranking looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the
Fenne/iStock via Getty Images Foreword About Large Cap Value “A large cap stock value ranking from YCharts puts together complementary stocks research strategies. The value ranking looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the
Gold was little changed as optimism that a deal to reopen the Strait of Hormuz was imminent faded amid reports of attacks on US Navy vessels, reviving inflation concerns. Bullion was trading around $4,686 an ounce, after ending the previous session marginally lower. US forces responded to Iranian attacks on destroyers sailing in the strait by targeting military facilities, Central Command said. Th...
Gold was little changed as optimism that a deal to reopen the Strait of Hormuz was imminent faded amid reports of attacks on US Navy vessels, reviving inflation concerns. Bullion was trading around $4,686 an ounce, after ending the previous session marginally lower. US forces responded to Iranian attacks on destroyers sailing in the strait by targeting military facilities, Central Command said. This came after reports of explosions in southern Iran had already rattled hopes for a deal that had buoyed markets earlier. The latest clashes heighten tensions as the US tries to exit a war now in its third month, and while it is waiting for Iran to respond to its proposal to reopen the strait, a vital waterway for energy flows. Read More: US Awaits Iranian Response on Deal as Israel Strikes Lebanon Gold has fallen more than 11% since the conflict erupted, as the near-closing of Hormuz and resulting energy price shock fanned concerns about rising inflation that would keep interest rates higher for longer. Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenback. Spot gold was little changed at $4,686.77 an ounce at 6:42 a.m. in Singapore, while silver was up 0.2% to $78.59. Platinum and palladium were lower. The Bloomberg Dollar Spot Index , a gauge of the US currency, added 0.1% in the previous session.