Vistra (NYSE:VST) is partnering with KKR, NVIDIA, and Kuwait Investment Authority to launch Helix Digital Infrastructure. Helix is being set up to serve next generation AI data center infrastructure with more than $10 billion in long term capital commitments. The partnership positions Vistra as a preferred power provider for large scale AI data center clients. For readers tracking Vistra at a shar...
Vistra (NYSE:VST) is partnering with KKR, NVIDIA, and Kuwait Investment Authority to launch Helix Digital Infrastructure. Helix is being set up to serve next generation AI data center infrastructure with more than $10 billion in long term capital commitments. The partnership positions Vistra as a preferred power provider for large scale AI data center clients. For readers tracking Vistra at a share price of $138.54, this move adds a fresh layer to the story beyond recent stock performance...
Investing.com -- Elon Musk’s SpaceX on Thursday said that it has priced its initial public offering at $135 per share on Thursday, raising $75 billion in the largest IPO in U.S. history.
Investing.com -- Elon Musk’s SpaceX on Thursday said that it has priced its initial public offering at $135 per share on Thursday, raising $75 billion in the largest IPO in U.S. history.
Bloomberg's Michelle Jamrisko said that while President Trump said that a deal to end conflict with Iran has been approved by a host of MidEast countries, Iran itself is not included on that list. Jamrisko says that this may be another instance of the push and pull between Iran and the US as the two sides negotiate and that any announcement from either side should be viewed with caution. (Source: ...
Bloomberg's Michelle Jamrisko said that while President Trump said that a deal to end conflict with Iran has been approved by a host of MidEast countries, Iran itself is not included on that list. Jamrisko says that this may be another instance of the push and pull between Iran and the US as the two sides negotiate and that any announcement from either side should be viewed with caution. (Source: Bloomberg)
Adobe press release ( ADBE ): Q2 Non-GAAP EPS of $5.96 beats by $0.15 . Revenue of $6.62B (+12.8% Y/Y) beats by $170M . Total Adobe Annualized Recurring Revenue (“ARR”) exiting the quarter was $27.10 billion, including approximately $480 million from Semrush. GAAP operating income in the second quarter was $2.24 billion and non-GAAP operating income was $2.95 billion. GAAP net income was $1.71 bil...
Adobe press release ( ADBE ): Q2 Non-GAAP EPS of $5.96 beats by $0.15 . Revenue of $6.62B (+12.8% Y/Y) beats by $170M . Total Adobe Annualized Recurring Revenue (“ARR”) exiting the quarter was $27.10 billion, including approximately $480 million from Semrush. GAAP operating income in the second quarter was $2.24 billion and non-GAAP operating income was $2.95 billion. GAAP net income was $1.71 billion and non-GAAP net income was $2.40 billion. Cash flows from operations were $2.17 billion. The following table summarizes Adobe’s third quarter FY2026 targets: Total revenue $6.67 billion to $6.72 billion vs. a consensus of $6.52B Business Professionals & Consumers subscription revenue $1.87 billion to $1.89 billion Creative & Marketing Professionals subscription revenue $4.61 billion to $4.64 billion Earnings per share 1 GAAP: $4.40 to $4.45 Non-GAAP: $6.05 to $6.10 vs. a consensus of $5.77 Click to enlarge The following table summarizes Adobe’s updated FY2026 targets: Total revenue $26.50 billion to $26.60 billion vs. a consensus of $26.09B Business Professionals & Consumers subscription revenue $7.44 billion to $7.48 billion Creative & Marketing Professionals subscription revenue $18.21 billion to $18.27 billion Total Adobe ending ARR growth 10.2% year over year Earnings per share 2 GAAP: $17.90 to $18.00 Non-GAAP: $24.35 to $24.45 vs. a consensus of $23.56 Click to enlarge Shares -6.50%. More on Adobe Adobe: The $23 Billion Buyback That Bought The Top Adobe: I'm Not Expecting Much In Q2 And Beyond Adobe: Buybacks Are The Only Answer In Upcoming Earnings (Rating Downgrade) Adobe stock breaks to lowest level since 2019 ahead of earnings Adobe preview: Can AI growth offset pressure on legacy businesses
The Nasdaq Composite and semiconductor stocks have stumbled after a powerful AI-driven rally. Technical indicators suggest investors should watch several key support levels for signs the selloff is nearing an end.
The Nasdaq Composite and semiconductor stocks have stumbled after a powerful AI-driven rally. Technical indicators suggest investors should watch several key support levels for signs the selloff is nearing an end.
A new deal from Eaton gives investors exactly what they want: a leaner company with greater exposure to the AI data center boom. Auto parts manufacturer Dana has agreed to combine with Eaton's lagging Mobility business in a deal that values the unit at $5.1 billion, the companies said on Thursday. The move not only removes a drag on Eaton's earnings growth but also positions the company to benefit...
A new deal from Eaton gives investors exactly what they want: a leaner company with greater exposure to the AI data center boom. Auto parts manufacturer Dana has agreed to combine with Eaton's lagging Mobility business in a deal that values the unit at $5.1 billion, the companies said on Thursday. The move not only removes a drag on Eaton's earnings growth but also positions the company to benefit from higher-margin businesses that support the data center buildout. During Thursday's Morning Meeting , Jim Cramer said it's just the latest example of the industrial conglomerate "doing everything right." The transaction, expected to close in the first quarter of 2027, should boost Eaton's organic growth rate. Combining Dana and Eaton's Mobility unit will create a more comprehensive vehicle technology supplier valued at roughly $10 billion. Both businesses make technologies that manage the flow of power through vehicle propulsion systems. Thursday's news moves Eaton one step closer to fulfilling its pledge to divest its Mobility division. In January, the company announced its intention to shed the business – but how exactly it would accomplish that remained unclear until now. It's a smart move by management. We've viewed the decision as "addition by subtraction." Shedding Eaton's slower-growing automotive businesses – which have experienced a decline in sales and compressed operating margins – will help the company focus on its more promising lines. Chief among them are Eaton's power management solutions and electrical equipment, which are housed in the company's Electrical Americas segment and accounted for around 48% of overall sales last quarter. There has been a huge increase in sales as data centers race to keep up with unprecedented demand for artificial intelligence computing power. Revenue for Electrical Americas hit an all-time high in the most recent quarter, up 20% year over year. Data center revenue surged 50% versus the year-ago period. Segment profit came i...