Nvidia (NVDA) is investing $2 billion in Marvell Technology (MRVL) to boost its AI ecosystem through NVLink Fusion technology. This partnership links Marvell to Nvidia’s AI factories and AI-RAN networks for custom AI infrastructure. Marvell provides custom XPUs and compatible networking, while Nvidia supplies Vera CPUs, ConnectX NICs, BlueField DPUs, NVLink interconnects, and Spectrum-X switches. ...
Nvidia (NVDA) is investing $2 billion in Marvell Technology (MRVL) to boost its AI ecosystem through NVLink Fusion technology. This partnership links Marvell to Nvidia’s AI factories and AI-RAN networks for custom AI infrastructure. Marvell provides custom XPUs and compatible networking, while Nvidia supplies Vera CPUs, ConnectX NICs, BlueField DPUs, NVLink interconnects, and Spectrum-X switches. The companies will collaborate on silicon photonics and transform telecom networks into AI systems f
Expedia currently trades at $228.13 per share and has shown little upside over the past six months, posting a middling return of 4.8%. However, the stock is beating the S&P 500’s 2.8% decline during that period.
Expedia currently trades at $228.13 per share and has shown little upside over the past six months, posting a middling return of 4.8%. However, the stock is beating the S&P 500’s 2.8% decline during that period.
Inanity Of Identity Politics Exposed At Canadian NDP Convention Authored by Jonathan Turley, The recent convention of the Canadian New Democratic Party (NDP) became a microcosm of the inanity of identity politics found in forums ranging from politics to higher education. Participants were given familiar “equity cards” as literal card-carrying members of groups demanding preferred treatment. The pr...
Inanity Of Identity Politics Exposed At Canadian NDP Convention Authored by Jonathan Turley, The recent convention of the Canadian New Democratic Party (NDP) became a microcosm of the inanity of identity politics found in forums ranging from politics to higher education. Participants were given familiar “equity cards” as literal card-carrying members of groups demanding preferred treatment. The problem is when one identity group demands preference over another. The result, as seen in Winnipeg, was calamity and quickly became comedy. Many in education have long pushed equity cards and “identity markers” to get students to define themselves by their race, disability, gender, or other criteria. Even computer science teachers are told to tailor their lessons to identity markers. Such markers are treated as essential to creating “Identity safe classrooms.” There are even DEI games where children are encouraged to “match” their identity groups. At the NDP convention, people were given equity cards to give preference to certain identities over groups such as males or whites. The problem is that the cards create an entitlement that can clash with others’ claims to speak first. The cards were based on identity categories, including gender, race and ethnicity, LGBTQ+ status, and Indigenous status. You were supposed to be able to jump ahead of others because of your priority identity. One video shows a person holding up their green gender equity card to claim the right to speak first as another woman waves her pink race equity card to speak. What followed were objections to people not yielding to those with greater priority or right to speak with one noting that cards for people who identify as Black women “ have no value outside of this space .” Then there was the speaker who called out another delegate for the sin of misgendering the speaking who identified as “non-binary.” The collapse of the equity house of cards is due to the inherent myth that identity politics produces ...
The dollar index (DXY00 ) on Thursday rose by +0.36%. Thursday's decline in equity markets boosted liquidity demand for the dollar. Also, Wednesday night's comments from President Trump that the Iran war could escalate have boosted demand for the dollar as a safe-haven. The dollar added to its gains on...
The dollar index (DXY00 ) on Thursday rose by +0.36%. Thursday's decline in equity markets boosted liquidity demand for the dollar. Also, Wednesday night's comments from President Trump that the Iran war could escalate have boosted demand for the dollar as a safe-haven. The dollar added to its gains on...
JHVEPhoto/iStock Editorial via Getty Images If I had to pick one stock that I have failed to crack, my first pick would be Lumen Technologies, Inc. ( LUMN ). Almost 7 years ago, I made a small profit with LUMN, but since then, the going has been difficult. I was bearish on Lumen when I should have been bullish and vice versa. Last October, after a couple of years sitting on the sidelines, I turned...
JHVEPhoto/iStock Editorial via Getty Images If I had to pick one stock that I have failed to crack, my first pick would be Lumen Technologies, Inc. ( LUMN ). Almost 7 years ago, I made a small profit with LUMN, but since then, the going has been difficult. I was bearish on Lumen when I should have been bullish and vice versa. Last October, after a couple of years sitting on the sidelines, I turned bullish on the prospects for Lumen as I thought the company was on the right track to grow adjusted EBITDA in 2026. Since then, the stock has lost just over 1% of its value. Last January, I made a case for why Lumen deserves to trade at premium valuation multiples compared to legacy telcos. My argument was that Lumen was no longer a legacy telco business but a tech business. LUMN has lost ~15% since then. Now that Lumen has reported Q4 2025 earnings and set a baseline for 2026 expectations, I wanted to revisit my thesis. Rather than looking at all aspects of my thesis, I thought it best to look at the timeline for PCF contract revenue conversion cycles to get a better understanding of when Lumen will finally get a revenue boost from the secured PCF contracts. Understanding When PCF Contracts Hit Revenue Lumen is solving real-world connectivity problems for hyperscalers who are aggressively investing billions of dollars in AI infrastructure. This is where PCF contracts are used. Internet bandwidth through traditional networks has been proven insufficient to handle the data loads required to train LLM models. A PCF contract allows a customer to get access to a private, custom fiber network with a very high capacity and low latency. Some of Lumen's major PCF customers include tech giants such as Microsoft Corporation ( MSFT ), Meta Platforms, Inc. ( META ), Amazon.com, Inc. ( AMZN ), Alphabet Inc. ( GOOG ), and Anthropic (the company behind the widely popular Claude LLM). As highlighted by the management in the Q4 earnings release , Lumen has so far signed PCF contracts worth...
Pete & Gerry's CEO Tom Flocco discusses how overpopulation is reducing the price of eggs for consumers, egg industry challenges, and the rise of protein. He talks with Katie Greifeld on "The Close." (Source: Bloomberg)
Pete & Gerry's CEO Tom Flocco discusses how overpopulation is reducing the price of eggs for consumers, egg industry challenges, and the rise of protein. He talks with Katie Greifeld on "The Close." (Source: Bloomberg)
Energy earnings expectations have risen sharply over recent weeks, with the current +7.6% earnings growth rate expected in 2026 Q1 up from +0.9% a week back and the -1.9% decline expected at the start of January.
Energy earnings expectations have risen sharply over recent weeks, with the current +7.6% earnings growth rate expected in 2026 Q1 up from +0.9% a week back and the -1.9% decline expected at the start of January.
Energy earnings expectations have risen sharply over recent weeks, with the current +7.6% earnings growth rate expected in 2026 Q1 up from +0.9% a week back and the -1.9% decline expected at the start of January.
Energy earnings expectations have risen sharply over recent weeks, with the current +7.6% earnings growth rate expected in 2026 Q1 up from +0.9% a week back and the -1.9% decline expected at the start of January.
Nebius Group recently announced plans to build a new AI “factory” data center campus in Lappeenranta, Finland, with up to 310 MW of capacity, adding to its expanded Mäntsälä site and broader multi‑gigawatt global build‑out. The project, backed by a broader ecosystem that includes large long-term contracts with Microsoft and Meta and a focus on low‑carbon, heat‑recycling infrastructure, underlines ...
Nebius Group recently announced plans to build a new AI “factory” data center campus in Lappeenranta, Finland, with up to 310 MW of capacity, adding to its expanded Mäntsälä site and broader multi‑gigawatt global build‑out. The project, backed by a broader ecosystem that includes large long-term contracts with Microsoft and Meta and a focus on low‑carbon, heat‑recycling infrastructure, underlines how AI compute demand is reshaping regional economies, energy use, and labor markets in Finland...
Never miss an episode. Follow The Big Take daily podcast today. After a month of fighting, President Trump took his case for war with Iran to the American people Wednesday night. In a prime-time address that sent energy markets surging, he promised both an imminent end to the conflict and two to three weeks of further intense military strikes. On today’s Big Take podcast, host Sarah Holder and Blo...
Never miss an episode. Follow The Big Take daily podcast today. After a month of fighting, President Trump took his case for war with Iran to the American people Wednesday night. In a prime-time address that sent energy markets surging, he promised both an imminent end to the conflict and two to three weeks of further intense military strikes. On today’s Big Take podcast, host Sarah Holder and Bloomberg Washington Correspondent Jeff Mason unpack the president’s brief, often contradictory speech. They discuss how it put investors and key allies on the back foot, what it could mean for the president’s agenda heading into the midterms and where the conflict goes from here. We are live blogging our coverage of the war with Iran at Bloomberg.com with the latest from across the globe. Here’s what else we’re watching today: Trump Ousts Bondi After Chaotic Tenure at Justice Department Blue Owl Limits Redemptions on Private Credit Funds After Massive Exit Requests We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: click here to subscribe. This episode was produced by: David Fox; Editors: Jeffrey Grocott; Fact-checker: Eleanor Harrison-Dengate and Julia Press; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Victor Golmer/iStock Editorial via Getty Images Investment Thesis Novo Nordisk A/S ( NVO ) competes almost exclusively against Eli Lilly and Company ( LLY ) in a fast growing GLP-1 market. Although the falling stock price may make the company cheap, competition and high reliance on patents raise questions regarding the sustainability of future growth. Eli Lilly seems to currently have a slight adv...
Victor Golmer/iStock Editorial via Getty Images Investment Thesis Novo Nordisk A/S ( NVO ) competes almost exclusively against Eli Lilly and Company ( LLY ) in a fast growing GLP-1 market. Although the falling stock price may make the company cheap, competition and high reliance on patents raise questions regarding the sustainability of future growth. Eli Lilly seems to currently have a slight advantage with tirzepatide, justifying the falling stock price of Novo Nordisk. Nevertheless, Europe and Asia remain attractive markets for Novo Nordisk to capitalize on. Business Overview Novo Nordisk is a Danish pharmaceutical company and with a market cap of ~150 billion USD amongst the biggest companies in all of Europe. Their products c an be divided into four segments . The most important segment, measured by revenue, is diabetes, accounting for 67% of total revenue. Key products are Ozempic and Rybelsus, accounting for 61% and 11% of Diabetes revenue respectively. The second largest segment is obesity at 26.5% of Total revenue, which mainly consists of Wegovy. Ozempic, Rybelsus and Wegovy all consist of semaglutide, a peptide that imitates glucagon. For diabetics, glucagon is the hormone which transfers sugar from the liver into the blood. Obese people make use of semaglutide since glucagon helps lower the appetite and therefore stops cravings. Side effects of this peptide are nausea, vomiting and diarrhea . Ozempic is administered via injection, while Rybelsus has the same function, just as a oral medication. Wegovy can be accessed via injection or orally. Together, these three medications combined account for 73.7% of total revenue and therefore form the core of Novo Nordisk's business. Earlier this year, Wegovy as a 7.2 mg dose was approved, improving weight loss results to 20.7% in 72 weeks, compared to 16.6% achieved by the original 2.4 mg dose. A small friction of revenue (6%) is generated by the rare disease segment, mainly treating blood disorders. Since I do no...