RHJ/iStock via Getty Images USA Rare Earth ( USAR ) up 3.3% in Tuesday's trading after saying it plans to spend $1.2B to build a magnet manufacturing and rare earth metals facility in Cherokee County, South Carolina, as it expands domestic production capacity for sintered NdFeB permanent magnets and refined rare earth metals. The plant is expected to produce 6,400 metric tons/year of NdFeB mag...
RHJ/iStock via Getty Images USA Rare Earth ( USAR ) up 3.3% in Tuesday's trading after saying it plans to spend $1.2B to build a magnet manufacturing and rare earth metals facility in Cherokee County, South Carolina, as it expands domestic production capacity for sintered NdFeB permanent magnets and refined rare earth metals. The plant is expected to produce 6,400 metric tons/year of NdFeB magnets and 5K tons/year of rare earth metals and alloys, with commissioning targeted to begin in 2028; c ombined with the planned expansion at the company's Oklahoma plant , USA Rare Earth ( USAR ) expects total domestic production capacity to reach 10K tons/year of NdFeB rare earth magnets and 10K tons/year of heavy rare earth metals and alloys. The company said the magnets and metals will support industries such as defense, aerospace, semiconductors, AI, energy and advanced manufacturing industries that rely on secure rare earth supply chains. USA Rare Earth ( USAR ) said selecting South Carolina will provide access to a robust incentives package including grants, tax credits and exemptions, a highly skilled advanced manufacturing workforce, and confirmed energy delivery to the new facility. More on USA Rare Earth USA Rare Earth: Strategic Importance Does Not Guarantee Attractive Equity Returns USA Rare Earth: Step By Step It's Coming Together -- Still At 'Buy' USA Rare Earth Q1 2026 Earnings Call Presentation
SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO, with banks still likely to rake in about $500 million from the record-setting debut. Sridhar Natarajan reports on Bloomberg Television. (Source: Bloomberg)
SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO, with banks still likely to rake in about $500 million from the record-setting debut. Sridhar Natarajan reports on Bloomberg Television. (Source: Bloomberg)
watch now VIDEO 1:19 01:19 Job openings rise to 7.62 million in April, highest since May 2024 Squawk on the Street Job openings hit their highest level in nearly two years during April while hiring fell sharply, according to a government report Tuesday that showed rising demand but also slow hiring in the labor market. The Bureau of Labor Statistics reported that available employment hit 7.6 milli...
watch now VIDEO 1:19 01:19 Job openings rise to 7.62 million in April, highest since May 2024 Squawk on the Street Job openings hit their highest level in nearly two years during April while hiring fell sharply, according to a government report Tuesday that showed rising demand but also slow hiring in the labor market. The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month and the highest level since May 2024. Economist surveyed by Dow Jones had been looking for 6.8 million openings from the BLS' Job Openings and Labor Turnover Survey . The jump in openings put the available jobs above the total of unemployed workers. The rate of openings compared to the size of the labor force rose 0.4 percentage point to 4.6%. By industry, nearly all of the openings came from the professional and business services category, which added 668,000 positions, a possible indicator of the impact from artificial intelligence on labor demand. Health care and social assistance, the greatest engine of job creation, added 89,000. Financial activities saw a decline of 134,000. Most other categories reported little change. While openings jumped, the hiring rate slipped. Companies hired a total 5.12 million workers during the month, a decline of 419,000 from March, taking the rate down to 3.2%, or a decline of 0.3 percentage point. However, layoffs and discharges fell slightly as well, down 192,000 to 1.7 million. Quits, a level of worker mobility and confidence in finding a new job, declined to just under 3 million, down 183,000 and the lowest level since August 2020. In broad terms, the report reflects the continuing low-hire low-fire environment that has characterized the labor market since early 2025. Weekly jobless claims have held low except for a brief spikes while the unemployment rate has barely budged at 4.3%. Federal Reserve officials watch the JOLTS numbers for signs of labor slack. Central bankers spen...
The Biden administration previously said doctors examined the president "days" following the debate, not in the moments after. The former first lady revealed more details in her new book. (Image credit: Justin Sullivan)
The Biden administration previously said doctors examined the president "days" following the debate, not in the moments after. The former first lady revealed more details in her new book. (Image credit: Justin Sullivan)
Erik Isakson/DigitalVision via Getty Images I am even more positive about Super Micro Computer's ( SMCI ) outlook now following Nvidia's ( NVDA ) Computex event and GTC. The Vera Rubin launch makes SMCI a key player in the upcoming AI infrastructure cycle, whereas software, liquid-cooling solutions, and AI factory capabilities set a stage for higher margins ahead. With $40+ billion of revenue expe...
Erik Isakson/DigitalVision via Getty Images I am even more positive about Super Micro Computer's ( SMCI ) outlook now following Nvidia's ( NVDA ) Computex event and GTC. The Vera Rubin launch makes SMCI a key player in the upcoming AI infrastructure cycle, whereas software, liquid-cooling solutions, and AI factory capabilities set a stage for higher margins ahead. With $40+ billion of revenue expected by 2026H2 and margins already improving, the fundamentals appear better than implied by the current market sentiment. Super Micro Just Showed Investors What's Next Super Micro's Q3 earnings call left the long-term thesis undamaged, but also more challenging. The bottom line is that SMCI's narrative shifted from being just a fast assembler of AI servers to an AI factory deployment partner. Vera Rubin's launch creates a strong argument for that story. By far the most important news came from SMCI's plans to offer blueprints of DCBBS for Nvidia's Vera Rubin NVL72 and HGX Rubin NVL8 systems. The designs will scale between 5MW to 1GW of deployments and will include compute, storage, networking, power, cooling, software and deployment services with deployments planned for 2026H2. According to Nvidia, Vera Rubin is already scaling into mass production for agentic AI factories, aligning with the SMCI roadmap. Super Micro Computer, Inc. 2026 Q3 - Results It is positive for the long term because the core idea behind Super Micro was always about speed-to-market advantages, which helped the company outperform traditional OEMs during the Blackwell cycle. However, margins suffered due to competition with hyperscalers on pricing, expedited orders, and component shortages. Vera Rubin is going to be a more complicated architecture with increased rack-level complexity. Liquid cooling, power efficiency, bandwidth, network connectivity, and deployment services become inseparable features of AI factories. Margins play the decisive role here, as discussed before, because SMCI needs to prove...
Micron Technology, Inc. (NASDAQ:MU) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 on May 29 and maintained a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices […]
Micron Technology, Inc. (NASDAQ:MU) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 on May 29 and maintained a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices […]
Morning Brief host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Investopedia Editor-in-Chief Caleb Silver to discuss Alphabet's (GOOG, GOOGL) move to issue equity to fund its $80 billion AI infrastructure buildout.
Morning Brief host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Investopedia Editor-in-Chief Caleb Silver to discuss Alphabet's (GOOG, GOOGL) move to issue equity to fund its $80 billion AI infrastructure buildout.
Douglas Rissing/iStock via Getty Images A biopharmaceutical company involved in developing drugs derived from cannabinoids, as well as several doctors and groups opposed to cannabis reform, have sued the Trump administration over its plans to reschedule marijuana as a Schedule III substance. In their lawsuit, plaintiffs argue that the Final Order signed by the DEA in April " was issued without pri...
Douglas Rissing/iStock via Getty Images A biopharmaceutical company involved in developing drugs derived from cannabinoids, as well as several doctors and groups opposed to cannabis reform, have sued the Trump administration over its plans to reschedule marijuana as a Schedule III substance. In their lawsuit, plaintiffs argue that the Final Order signed by the DEA in April " was issued without prior notice-and-comment rulemaking…, without a formal hearing on the record…, without consultation of the recommendation of the Department of Health and Human Services ('HHS') on rescheduling, without consideration of the administrative process regarding rescheduling that was already in progress..." That order was signed by Acting Attorney General Todd Blanche, who is named as a defendant, as is DEA Administrator Terrance Cole. The lawsuit, reported by Marijuana Moment and filed on May 28, frequently cites 21 U.S.C. 811 of the United States Code, a section dealing with the authority and criteria for classification of controlled substances. Plaintiffs further contend that the order did not adequately consider marijuana's health risks and is unlawful because marijuana would be placed into Schedule III while maintaining regulations that apply to it that are similar to those for Schedule I and II substances. Multi-state operators: Ascend Wellness ( OTCQX:AAWH ), Curaleaf Holdings ( OTCPK:CURLF ), Cresco Labs ( OTCQX:CRLBF ), Green Thumb Industries ( OTCQX:GTBIF ), Trulieve Cannabis ( OTCQX:TCNNF ), Ayr Wellness ( OTCQX:AYRWF ), Verano Holdings ( VRNO ), and Jushi Holdings ( OTCQX:JUSHF ). Cannabis ETFs: AdvisorShares Pure Cannabis ETF (NYSEARCA: YOLO ), Amplify Alternative Harvest ETF ( MJUS ), and Amplify Seymour Cannabis ETF (NYSEARCA: CNBS ). More on multi-state operators Curaleaf Benefits From Cannabis Rescheduling And International Growth Green Thumb Industries Will Benefit From Medical Cannabis Rescheduling Cresco Labs Inc. (CRLBF) Q1 2026 Earnings Call Transcript State AGs...
Arturo Calderon/iStock via Getty Images Thesis Summary Micron ( MU ) has had a momentous rally in the last month. Just two months ago, the stock was trading at under $500, and I wrote then that I’d be looking to sell if we reached $1,000 in 2026. That day has come, and I am standing by my word. While earnings estimates have been revised, and MU could go higher from here, there are enough compellin...
Arturo Calderon/iStock via Getty Images Thesis Summary Micron ( MU ) has had a momentous rally in the last month. Just two months ago, the stock was trading at under $500, and I wrote then that I’d be looking to sell if we reached $1,000 in 2026. That day has come, and I am standing by my word. While earnings estimates have been revised, and MU could go higher from here, there are enough compelling reasons to sell. Concerns over the whole AI space, stretched technicals, and macro struggles are all lining up. This is a good time to take profit, and I am downgrading Micron to Sell. Revisiting My $1,000 Price Target Back on March 3rd, I laid out my $1,000 target based on an assessment of long-term growth, PE, and PEG. However, things have changed somewhat. MU EPS Estimates (SA) Back in March, EPS estimates for 2026 were around $33. This has now increased to just shy of $59, which is over a 70% increase. Now, if we were to apply a 30 PE to 2026 earnings, Micron could actually be worth close to $2,000. But earnings estimates aren’t the only thing that moves stocks, and as we've seen in the last 60 days, they can drastically change. Key Reasons I Am Selling I already highlighted some key reasons I would sell Micron in my last piece. A lot of these risk factors, and newer ones, have now emerged that make me even more cautious about Micron. The Shift in AI Spending While topline growth in AI continues to be strong and investors keep chasing the next AI bottleneck, the truth is that we’re already seeing AI users in the corporate space step back from spending. As I highlighted here , Uber ( UBER ) recently questioned whether their AI spending was actually profitable. Notably, Microsoft ( MSFT ) also recently pulled back its Claude Code license after saying its engineers were using it too much. AI demand may be peaking, at least for the time being, and perhaps more importantly, it may be shifting. Shifting Supply and Demand Micron has benefited from a squeeze in HBM prices, an...
Meta Platforms, Inc. (NASDAQ:META) is one of the best stocks to buy now for long term growth. Reuters reported on May 29 that according to its internal documentation, Meta Platforms, Inc.’s (NASDAQ:META) plans to collect detailed records of computer usage by U.S. employees to train its AI models are more extensive than described initially, and are […]
Meta Platforms, Inc. (NASDAQ:META) is one of the best stocks to buy now for long term growth. Reuters reported on May 29 that according to its internal documentation, Meta Platforms, Inc.’s (NASDAQ:META) plans to collect detailed records of computer usage by U.S. employees to train its AI models are more extensive than described initially, and are […]
Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks to buy now for long term growth. Truist lifted the price target on Alphabet Inc. (NASDAQ:GOOG) to $430 from $415 on May 29, maintaining a Buy rating on the shares and telling investors that by looking at recent deals and the backlog, consensus revenue estimates for […]
Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks to buy now for long term growth. Truist lifted the price target on Alphabet Inc. (NASDAQ:GOOG) to $430 from $415 on May 29, maintaining a Buy rating on the shares and telling investors that by looking at recent deals and the backlog, consensus revenue estimates for […]
gdinMika Crown Castle CEO Chris Hillabrand has spent the first seven to eight months of his nine-month tenure as Crown Castle's ( CCI ) CEO managing the company's sale of its fiber and small cell business as well as dealing with its litigation against DISH. Now, he's focusing on organically growing the telecom tower REIT. "We’re now in a space where we can compete and focus on being the best tower...
gdinMika Crown Castle CEO Chris Hillabrand has spent the first seven to eight months of his nine-month tenure as Crown Castle's ( CCI ) CEO managing the company's sale of its fiber and small cell business as well as dealing with its litigation against DISH. Now, he's focusing on organically growing the telecom tower REIT. "We’re now in a space where we can compete and focus on being the best tower company," he said Tuesday in a presentation at Nareit's REITweek conference. Hillabrand, who has spent most of his 30+-year career in telecom equipment, sees potential in providing services to tenants, such as preconstruction, a “very profitable” segment. "What I’m hearing from customers is they're looking for more of a turnkey approach," he said. That's what competitors are offering. He also said the company has several trials running in edge compute. The company is assessing its "ability to perhaps scale and take a piece of AI growth," Hillabrand. With the REIT completing the sale of the fiber and small-cell businesses, it's also structuring the company to accelerate growth. It has taken out "several layers of management" to allow it to respond to customers more quickly, Hillabrand said. It has also brought in some new talent to bolster growth after the transition. Last month, Crown Castle ( CCI ) named Mark Lennon as chief information officer, leading data, digital strategies, and teams. He was most recently CIO and digital officer at Netpower, where he developed and led this startup through its digital strategy for a new phase of growth. With the focus on organic growth, Crown Castle ( CCI ) needed someone who was AI conversant. "We have a great opportunity with the kind of platforms we’re implementing," Hillabrand said. Crown Castle ( CCI ) stock edged up 0.1% in Tuesday morning trading. More on Crown Castle Crown Castle: Turnaround Taking Hold, Playing It With Put Option Writing Crown Castle: The 2026 Reset Paves The Way For A Re-Rating Crown Castle Inc. 2026 Q1 - Re...