Moussa81/iStock via Getty Images Barrick Mining ( B ) said Wednesday it welcomes the Ontario Court of Appeal's dismissal of an appeal by certain Tanzanian residents alleging human rights abuses by the Tanzanian Police Force near the company's North Mara gold m ine. The decision upheld an earlier ruling of the Superior Court of Ontario which found that Ontario is not the appropriate forum to consid...
Moussa81/iStock via Getty Images Barrick Mining ( B ) said Wednesday it welcomes the Ontario Court of Appeal's dismissal of an appeal by certain Tanzanian residents alleging human rights abuses by the Tanzanian Police Force near the company's North Mara gold m ine. The decision upheld an earlier ruling of the Superior Court of Ontario which found that Ontario is not the appropriate forum to consider the claims and that they must be adjudicated in Tanzania . An action against Barrick ( B ) began in November 2022, brought by plaintiffs who claimed to have been injured or to be the dependents of individuals who were allegedly killed by members of the Tanzanian Police Force; the claim asserted Barrick was legally responsible for the actions of the police force and that the company is liable for damages. Barrick ( B ) said the claims were without merit because the Tanzanian Police Force is a sovereign police force that operates under its own chain of command. The North Mara mine accounted for 249K oz of the 3.26M oz of gold Barrick ( B ) produced in 2025. More on Barrick Mining Barrick Mining: You Haven't Seen Anything Yet Barrick Mining: Structural Tailwinds Make It A Golden Opportunity Barrick Mining: Time To Load Up On This Massive Dip
jetcityimage/iStock Editorial via Getty Images The bull thesis of Oracle Corporation ( ORCL ) is at that inflection point where the growth of cloud infrastructure is rapidly increasing due to the irrepressible demand for AI compute. The company's latest quarterly results have also proved this. In Q3, obligations (RPO) grew to more than half a trillion , offering the company multi-year visibility o...
jetcityimage/iStock Editorial via Getty Images The bull thesis of Oracle Corporation ( ORCL ) is at that inflection point where the growth of cloud infrastructure is rapidly increasing due to the irrepressible demand for AI compute. The company's latest quarterly results have also proved this. In Q3, obligations (RPO) grew to more than half a trillion , offering the company multi-year visibility of its revenue, which is uncommon in enterprise technology. However, Oracle continues to burn its cash with historically high capital expenditure and negative free cash flow, which indicates that the fundamental business model the company is still in the process of converting business to customer-financed infrastructure. Even though ORCL has soared over the past year and since pulled back, Oracle can build a dedicated AI cloud ecosystem that can help it provide quality and sustainable growth throughout the rest of the year. Seeking Alpha The most important thing is that after the sharp pullback of 25% down in 2026, the stock becomes cheap. It's trading at around 20x forward earnings below the sector median of 22x. So I believe with the strong demand for AI and computing, plus the strong backlog, the company will generate tons of revenue from business, which means the stock is ready to rebound from this slump. $553 Billion Backlog and 84% IaaS Growth Drive a $90 Billion Revenue Goal I believe that Oracle has attained a significant operational edge when placing Oracle Cloud Infrastructure (OCI) as a leading choice for AI training and inference workloads. Oracle generated top-line amounts of $17.2 billion during Q3 FY26, which is 22% higher than it was last year. OCI was the star in the spotlight, and the revenue of infrastructure-as-a-service (IaaS) increased with a mind-boggling growth of 84% to $4.9 billion. This is a massive improvement as compared with the 68% increase in the previous quarter, which shows that there is not only a high demand for AI capacity, but it is also...
jetcityimage/iStock Editorial via Getty Images The bull thesis of Oracle Corporation ( ORCL ) is at that inflection point where the growth of cloud infrastructure is rapidly increasing due to the irrepressible demand for AI compute. The company's latest quarterly results have also proved this. In Q3, obligations (RPO) grew to more than half a trillion , offering the company multi-year visibility o...
jetcityimage/iStock Editorial via Getty Images The bull thesis of Oracle Corporation ( ORCL ) is at that inflection point where the growth of cloud infrastructure is rapidly increasing due to the irrepressible demand for AI compute. The company's latest quarterly results have also proved this. In Q3, obligations (RPO) grew to more than half a trillion , offering the company multi-year visibility of its revenue, which is uncommon in enterprise technology. However, Oracle continues to burn its cash with historically high capital expenditure and negative free cash flow, which indicates that the fundamental business model the company is still in the process of converting business to customer-financed infrastructure. Even though ORCL has soared over the past year and since pulled back, Oracle can build a dedicated AI cloud ecosystem that can help it provide quality and sustainable growth throughout the rest of the year. Seeking Alpha The most important thing is that after the sharp pullback of 25% down in 2026, the stock becomes cheap. It's trading at around 20x forward earnings below the sector median of 22x. So I believe with the strong demand for AI and computing, plus the strong backlog, the company will generate tons of revenue from business, which means the stock is ready to rebound from this slump. $553 Billion Backlog and 84% IaaS Growth Drive a $90 Billion Revenue Goal I believe that Oracle has attained a significant operational edge when placing Oracle Cloud Infrastructure (OCI) as a leading choice for AI training and inference workloads. Oracle generated top-line amounts of $17.2 billion during Q3 FY26, which is 22% higher than it was last year. OCI was the star in the spotlight, and the revenue of infrastructure-as-a-service (IaaS) increased with a mind-boggling growth of 84% to $4.9 billion. This is a massive improvement as compared with the 68% increase in the previous quarter, which shows that there is not only a high demand for AI capacity, but it is also...
Oleh Stefaniak/iStock via Getty Images Applied Materials ( AMAT ) shares surged 8% during Wednesday trading after the semiconductor equipment manufacturer revealed a pair of new chipmaking tools designed to operate with atomic-level precision for the new wave of AI chips. These new systems are designed to create the smallest features in the most advanced logic chips. The astronomical demand for ar...
Oleh Stefaniak/iStock via Getty Images Applied Materials ( AMAT ) shares surged 8% during Wednesday trading after the semiconductor equipment manufacturer revealed a pair of new chipmaking tools designed to operate with atomic-level precision for the new wave of AI chips. These new systems are designed to create the smallest features in the most advanced logic chips. The astronomical demand for artificial intelligence computing power has led to the introduction of gate-all-around transistors at 2nm. "Next-generation AI GPUs now in development are expected to pack more than 300 billion transistors into a space the size of a postage stamp," Applied Materials said. "Without proper isolation, electrons can easily diffuse into neighboring transistors, leading to parasitic capacitance, an unintended electrical drag between transistors that slows signals, wastes power and negatively impacts a chip's performance-per-watt." Silicon oxide is used to isolate the atom-wide trenches between these billions of transistors, but these can erode over time and lead to lower chip performance. Applied Materials' new Applied Producer Precision Selective Nitride PECVD system deposits a dense silicon nitride layer on top of the silicon oxide, which helps the isolation withstand later processing steps that would otherwise erode the material. The system is now being adopted by leading logic chipmakers at 2nm and below GAA process nodes. The second new tool revealed was the Trillium ALD System. The system has been highly tailored for GAA applications with new features to enable thinner work function metals and volumeless dipole materials that address the limited space in GAA structures. It is also being adopted by leading logic chipmakers at 2nm and below GAA process nodes, the company said. "At the most advanced angstrom-class logic nodes, performance and power are increasingly determined by materials," said Prabu Raja , President of the Semiconductor Products Group at Applied Materials. "Th...
Exxon Mobil Corp. saw 6% of its global output knocked out in the first quarter as oil and natural gas operations in the Persian Gulf were paralyzed by the Iran war. Kevin Crowley reports on Bloomberg Television. (Source: Bloomberg)
Exxon Mobil Corp. saw 6% of its global output knocked out in the first quarter as oil and natural gas operations in the Persian Gulf were paralyzed by the Iran war. Kevin Crowley reports on Bloomberg Television. (Source: Bloomberg)