In trading on Monday, shares of MillerKnoll Inc (Symbol: MLKN) crossed below their 200 day moving average of $18.61, changing hands as low as $18.39 per share. MillerKnoll Inc shares are currently trading off about 6.5% on the day. The chart below shows the one year performance of MLKN shares, versus its 200 day moving average: Looking at the chart above, MLKN's low point in its 52 week range is $...
In trading on Monday, shares of MillerKnoll Inc (Symbol: MLKN) crossed below their 200 day moving average of $18.61, changing hands as low as $18.39 per share. MillerKnoll Inc shares are currently trading off about 6.5% on the day. The chart below shows the one year performance of MLKN shares, versus its 200 day moving average: Looking at the chart above, MLKN's low point in its 52 week range is $13.7733 per share, with $23.18 as the 52 week high point — that compares with a last trade of $18.49. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Sam Altman, chief executive officer of OpenAI Inc., at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images OpenAI said Monday that it is acquiring the cybersecurity startup Promptfoo , which provides tools to help safeguard and test complex artificial intelligence systems. The Sam Altman -led firm did not disclose the terms of the deal, bu...
Sam Altman, chief executive officer of OpenAI Inc., at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images OpenAI said Monday that it is acquiring the cybersecurity startup Promptfoo , which provides tools to help safeguard and test complex artificial intelligence systems. The Sam Altman -led firm did not disclose the terms of the deal, but said Promptfoo's team would join OpenAI. Promptfoo's security tools will be brought within OpenAI's Frontier platform for AI agents . "As AI agents become more connected to real data and systems, securing and validating them is more challenging and important than ever," Promptfoo CEO Ian Webster said in a statement. "Joining OpenAI lets us accelerate this work, bringing stronger security, safety, and governance capabilities to the teams building real-world AI systems." OpenAI said that it would also continue building Promptfoo's popular open-source project that lets developers test various AI-related prompts and agents and compare the performance of large language models like GPT, Anthropic 's Claude and Google 's Gemini . Promptfoo announced in July that it had raised a Series A financing round of $18.4 million, which was led by Insight Partners and also included Andreessen Horowitz. The startup has 11 employees and has raised a total of $22.68 million with a post-valuation of $85.50 million as of July 2025, according to the deal-tracking service Pitchbook. Andreessen Horowitz has been pushing into the infrastructure and defense markets, and most recently said in January that it raised $15 billion as part of its funding efforts related to "American Dynamism." From that raise, the venture capital firm said that $6.75 billion will be allocated for a growth fund while two other $1.7 billion funds will focus on apps and infrastructure, respectively. WATCH : Why OpenAI is reportedly rethinking its shopping plans . watch now VIDEO 2:56 02:56 Why OpenAI is reportedly rethinking...
In trading on Monday, shares of Interactive Brokers Group Inc - Class A (Symbol: IBKR) crossed below their 200 day moving average of $64.92, changing hands as low as $63.48 per share. Interactive Brokers Group Inc - Class A shares are currently trading down about 2.9% on the day. The chart below shows the one year performance of IBKR shares, versus its 200 day moving average: Looking at the chart ...
In trading on Monday, shares of Interactive Brokers Group Inc - Class A (Symbol: IBKR) crossed below their 200 day moving average of $64.92, changing hands as low as $63.48 per share. Interactive Brokers Group Inc - Class A shares are currently trading down about 2.9% on the day. The chart below shows the one year performance of IBKR shares, versus its 200 day moving average: Looking at the chart above, IBKR's low point in its 52 week range is $32.82 per share, with $79.18 as the 52 week high point — that compares with a last trade of $64.77. The IBKR DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Monday, shares of Deutsche Lufthansa A G (Symbol: DLAKY) crossed below their 200 day moving average of $7.92, changing hands as low as $7.91 per share. Deutsche Lufthansa A G shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of DLAKY shares, versus its 200 day moving average: Looking at the chart above, DLAKY's low point in its 52 ...
In trading on Monday, shares of Deutsche Lufthansa A G (Symbol: DLAKY) crossed below their 200 day moving average of $7.92, changing hands as low as $7.91 per share. Deutsche Lufthansa A G shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of DLAKY shares, versus its 200 day moving average: Looking at the chart above, DLAKY's low point in its 52 week range is $5.69 per share, with $9.7198 as the 52 week high point — that compares with a last trade of $7.95. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Monday, shares of Columbia Sportswear Co. (Symbol: COLM) crossed below their 200 day moving average of $56.67, changing hands as low as $55.08 per share. Columbia Sportswear Co. shares are currently trading down about 3.6% on the day. The chart below shows the one year performance of COLM shares, versus its 200 day moving average: Looking at the chart above, COLM's low point in its 5...
In trading on Monday, shares of Columbia Sportswear Co. (Symbol: COLM) crossed below their 200 day moving average of $56.67, changing hands as low as $55.08 per share. Columbia Sportswear Co. shares are currently trading down about 3.6% on the day. The chart below shows the one year performance of COLM shares, versus its 200 day moving average: Looking at the chart above, COLM's low point in its 52 week range is $47.47 per share, with $88.9999 as the 52 week high point — that compares with a last trade of $55.80. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Thursday, shares of SharkNinja Inc (Symbol: SN) crossed below their 200 day moving average of $94.57, changing hands as low as $92.46 per share. SharkNinja Inc shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of SN shares, versus its 200 day moving average: Looking at the chart above, SN's low point in its 52 week range is $54.54...
In trading on Thursday, shares of SharkNinja Inc (Symbol: SN) crossed below their 200 day moving average of $94.57, changing hands as low as $92.46 per share. SharkNinja Inc shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of SN shares, versus its 200 day moving average: Looking at the chart above, SN's low point in its 52 week range is $54.54 per share, with $123 as the 52 week high point — that compares with a last trade of $94.82. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Thursday, shares of Rambus Inc. (Symbol: RMBS) crossed below their 200 day moving average of $25.92, changing hands as low as $24.81 per share. Rambus Inc. shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of RMBS shares, versus its 200 day moving average: Looking at the chart above, RMBS's low point in its 52 week range is $20 per ...
In trading on Thursday, shares of Rambus Inc. (Symbol: RMBS) crossed below their 200 day moving average of $25.92, changing hands as low as $24.81 per share. Rambus Inc. shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of RMBS shares, versus its 200 day moving average: Looking at the chart above, RMBS's low point in its 52 week range is $20 per share, with $33.75 as the 52 week high point — that compares with a last trade of $26.26. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Looking at the sectors faring best as of midday Monday, shares of Energy companies are outperforming other sectors, higher by 0.7%. Within that group, EQT Corp (Symbol: EQT) and APA Corp (Symbol: APA) are two large stocks leading the way, showing a gain of 3.6% and 2.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0....
Looking at the sectors faring best as of midday Monday, shares of Energy companies are outperforming other sectors, higher by 0.7%. Within that group, EQT Corp (Symbol: EQT) and APA Corp (Symbol: APA) are two large stocks leading the way, showing a gain of 3.6% and 2.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is up 0.3% on the day, and up 8.69% year-to-date. EQT Corp, meanwhile, is down 15.42% year-to-date, and APA Corp, is down 16.71% year-to-date. Combined, EQT and APA make up approximately 2.2% of the underlying holdings of XLE. The next best performing sector is the Technology & Communications sector, losing just 0.2%. Among large Technology & Communications stocks, Super Micro Computer Inc (Symbol: SMCI) and NVIDIA Corp (Symbol: NVDA) are the most notable, showing a gain of 6.5% and 4.7%, respectively. One ETF closely tracking Technology & Communications stocks is the Technology Select Sector SPDR ETF (XLK), which is up 0.8% in midday trading, and up 8.01% on a year-to-date basis. Super Micro Computer Inc, meanwhile, is up 90.70% year-to-date, and NVIDIA Corp is up 121.42% year-to-date. Combined, SMCI and NVDA make up approximately 19.7% of the underlying holdings of XLK. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, one sector is up on the day, while eight sectors are down. Sector % Change Energy +0.7% Technology & Communications -0.2% Utilities -0.3% Services -0.6% Healthcare -0.7% Industrial -0.7% Materials -0.8% Financial -0.9% Consumer Products -1.2% 25 Dividend Giants Widely Held By ETFs » Also see: YTD Return Funds Holding BKK FDD Videos The views and opinions expressed herein ...
In afternoon trading on Monday, Financial stocks are the worst performing sector, showing a 2.0% loss. Within the sector, Franklin Resources Inc (Symbol: BEN) and Arthur J. Gallagher & Co. (Symbol: AJG) are two large stocks that are lagging, showing a loss of 4.7% and 4.5%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which...
In afternoon trading on Monday, Financial stocks are the worst performing sector, showing a 2.0% loss. Within the sector, Franklin Resources Inc (Symbol: BEN) and Arthur J. Gallagher & Co. (Symbol: AJG) are two large stocks that are lagging, showing a loss of 4.7% and 4.5%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 2.0% on the day, and down 9.51% year-to-date. Franklin Resources Inc, meanwhile, is up 4.71% year-to-date, and Arthur J. Gallagher & Co., is down 15.51% year-to-date. Combined, BEN and AJG make up approximately 0.9% of the underlying holdings of XLF. The next worst performing sector is the Services sector, showing a 1.6% loss. Among large Services stocks, Expedia Group Inc (Symbol: EXPE) and Charter Communications Inc (Symbol: CHTR) are the most notable, showing a loss of 4.8% and 4.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is down 1.6% in midday trading, and down 3.60% on a year-to-date basis. Expedia Group Inc, meanwhile, is down 15.93% year-to-date, and Charter Communications Inc is up 6.53% year-to-date. EXPE makes up approximately 0.4% of the underlying holdings of IYC. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, none of the sectors are up on the day, while nine sectors are down. Sector % Change Energy -0.1% Technology & Communications -0.5% Utilities -0.7% Healthcare -0.7% Materials -0.8% Consumer Products -1.3% Industrial -1.3% Services -1.6% Financial -2.0% 25 Dividend Giants Widely Held By ETFs » Also see: CVS YTD Return BARK Insider Buying EXPO shares outstanding history The views and ...
Top Arizona lawmaker says he's complied with a subpoena for 2020 election records toggle caption Ross D. Franklin/AP Arizona's state Senate president says he has complied with a subpoena he received last week seeking records from a flawed review of the 2020 election in Maricopa County. "Late last week I received and complied with a federal grand jury subpoena for records relating to the Arizona St...
Top Arizona lawmaker says he's complied with a subpoena for 2020 election records toggle caption Ross D. Franklin/AP Arizona's state Senate president says he has complied with a subpoena he received last week seeking records from a flawed review of the 2020 election in Maricopa County. "Late last week I received and complied with a federal grand jury subpoena for records relating to the Arizona State Senate's 2020 audit of Maricopa County," Warren Petersen, a Republican, wrote on X on Monday. "The FBI has the records." The FBI has not immediately responded to NPR's request for comment. Sponsor Message Jason Berry, a spokesperson for the Maricopa County Board of Supervisors, told member station KJZZ it hasn't received a subpoena. "Maricopa County runs elections in accordance with the law. We have not received a subpoena at this time but will cooperate if that were to occur," Berry said. The Maricopa County recorder's office also said it hadn't received a subpoena and referred questions to the state Senate president. The widely discredited GOP-led review — which was launched by the previous state Senate president, and followed baseless fraud claims in the crucial swing county — confirmed President Trump's loss there. The Arizona news follows the FBI in late January seizing 2020 election materials from Georgia's Fulton County. That affidavit supporting that seizure relied on debunked claims. KJZZ's Wayne Schutsky contributed reporting.
Fears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result on the US-Israel war with Iran. Economists say the increasing likelihood of a prolonged conflict in the vital energy exporting region could have serious consequences for living standards around the world amid the threat of a renewed inflation shock. Against a highly uncertain backdrop, financial ...
Fears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result on the US-Israel war with Iran. Economists say the increasing likelihood of a prolonged conflict in the vital energy exporting region could have serious consequences for living standards around the world amid the threat of a renewed inflation shock. Against a highly uncertain backdrop, financial markets are under heavy selling pressure, consumers are facing rising prices, central banks could be forced to increase borrowing costs and governments will come under pressure to support households and businesses. How high could the oil price go? Oil prices passed $119 a barrel on Monday, the highest level since Russia’s full-scale invasion of Ukraine in February 2022. Analysts say the continued closure of the strait of Hormuz could drive the price close to $150 a barrel, above the record high of $145.29 set in July 2008. The narrow shipping route on Iran’s southern border carries a fifth of global seaborne crude oil and liquified natural gas, and a third of the most widely used fertiliser. Goldman Sachs has said Iran’s effective blockade of the waterway has had an impact 17 times larger than the peak April 2022 hit to Russian oil production after the Ukraine invasion, which pushed the oil price to about $139 a barrel. What happens next hinges on how long the strait is effectively closed and the ability to divert exports. Saudi Arabia has begun routing crude to its Red Sea ports, but most exporters are trapped behind bottlenecks. Gulf oil and gas storage facilities are reaching their limits as a result, meaning large oilfields may need to be shut down. Returning production to previous levels would take time, adding further to the energy crisis. Analysts say a short, sharp conflict that allowed Hormuz exports to resume would help to cool energy prices. Prolonged uncertainty could linger, however, over the safety of the waterway. Capital Economics has said a longer-lasting c...
Harvey, an AI provider for legal services, unveiled a tool allowing law firms to build custom agents. Harvey CEO Winston Weinberg explains why the startup is betting it can win the legal market by staying in its own lane. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Harvey, an AI provider for legal services, unveiled a tool allowing law firms to build custom agents. Harvey CEO Winston Weinberg explains why the startup is betting it can win the legal market by staying in its own lane. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
May ICE NY cocoa (CCK26) today is unchanged, and May ICE London cocoa #7 (CAK26) is up +5 (+0.22%). NY cocoa prices today are little changed, moving sideways after last Friday's sharp 5.73% rally to a new 2-week high. The ongoing war in Iran sparked short covering in cocoa futures amid concern that the closure of the Strait of Hormuz will boost shipping costs, curb cocoa exports, and limit supplie...
May ICE NY cocoa (CCK26) today is unchanged, and May ICE London cocoa #7 (CAK26) is up +5 (+0.22%). NY cocoa prices today are little changed, moving sideways after last Friday's sharp 5.73% rally to a new 2-week high. The ongoing war in Iran sparked short covering in cocoa futures amid concern that the closure of the Strait of Hormuz will boost shipping costs, curb cocoa exports, and limit supplies. The closure of the strait has increased global shipping rates, insurance costs, and fuel prices, thereby raising cocoa importers' costs. Don’t Miss a Day: Slowing cocoa deliveries to ports in the Ivory Coast is supportive of prices. Monday's cumulative data from the Ivory Coast shows that Ivory Coast farmers shipped 1.35 MMT of cocoa to ports in the current marketing year (October 1, 2025, through March 1, 2026), down -3.6% from 1.40 MMT in the same period a year ago. Last Monday, May NY cocoa posted a contract low, and nearest-futures London cocoa (H26) fell to a 3-year low after the International Cocoa Organization (ICCO) raised its global 2024/25 cocoa surplus estimate to 75,000 MT from a November forecast of +49,000 MT, the first surplus in four years. ICCO also forecasts global cocoa production in 2024/25 will climb by +8.4% y/y to 4.7 MMT. Meanwhile, StoneX on January 29 forecasted a global cocoa surplus of 287,000 MT in the 2025/26 season and a 267,000 MT surplus for 2026/27. International cocoa buyers are reluctant to pay official farm-gate prices in the Ivory Coast and Ghana, which are well above current world prices. The lack of buyers is boosting supplies as ICE cocoa inventories rose to a 6.5-month high of 2,204,098 bags last Friday. Last month, Ghana cut the official price it pays its cocoa farmers by nearly 30% for supplies for the 2025/26 growing season, and the Ivory Coast last Wednesday said it would cut cocoa farmer pay by 57% that would kick in for the mid-crop harvest that starts in March. The Ivory Coast and Ghana produce more than half of the world'...
This article first appeared on GuruFocus. While broader markets struggled last week amid rising geopolitical tensions, Palantir Technologies (NASDAQ:PLTR) stood out as one of the rare winners. The data analytics and defense software company jumped nearly 15% for the week, marking its best weekly performance since August. The rally came even as the U.S. stock market broadly declined following the U...
This article first appeared on GuruFocus. While broader markets struggled last week amid rising geopolitical tensions, Palantir Technologies (NASDAQ:PLTR) stood out as one of the rare winners. The data analytics and defense software company jumped nearly 15% for the week, marking its best weekly performance since August. The rally came even as the U.S. stock market broadly declined following the U.S.Israel strikes on Iran and the growing risk of a prolonged conflict. Investors appear to be betting that heightened geopolitical tensions could translate into more government demand for Palantir's software platforms, which are widely used by defense and intelligence agencies. Federal contracts already account for more than half of Palantir's total revenue. According to Rosenblatt analysts, the expanding conflict in the Middle East could strengthen Palantir's government contract pipeline, potentially leading to additional deals similar to its $10 billion U.S. Army contract. Meanwhile, the market seems largely unfazed by the government's blacklisting of AI startup Anthropic (ANTHRO), whose Claude models have been used within Palantir's Maven Smart Systems.
At around midday, even as airstrikes hit several parts of the capital, large crowds gathered in Tehran’s famous Enghelab Square to chant their allegiance to Iran’s new supreme leader. Carrying banners showing the face of the country’s slain leader, Ayatollah Ali Khamenei, people on Monday held a new portrait – that of his son and successor, Mojtaba Khamenei. Other similar scenes on state media sho...
At around midday, even as airstrikes hit several parts of the capital, large crowds gathered in Tehran’s famous Enghelab Square to chant their allegiance to Iran’s new supreme leader. Carrying banners showing the face of the country’s slain leader, Ayatollah Ali Khamenei, people on Monday held a new portrait – that of his son and successor, Mojtaba Khamenei. Other similar scenes on state media showed pledges of loyalty from several cities across the country, with people chanting, “Death to America” and “Death to Israel”, as security forces looked on. The images stood in stark contrast to those from nine days earlier, when Iranians were seen thronging the streets to celebrate the assassination in joint US-Israeli strike of Ali Khamenei. Many inside the country blame the late cleric for three decades of repression, including the killings of thousands of protesters in bloody state crackdowns on anti-government protests. Just hours ahead of the announcement on Sunday night of the new leader, videos posted on social media appeared to show people in Tehran chanting “Death to Mojtaba”. Although the internet blackout imposed by the regime on the first day of war continues, some Iranians have been sending texts abroad. “People for now are waiting to see if Trump will assassinate him, since he said that if he doesn’t like the next leader, he will kill him,” said Nima, 21, a student based in Khamenei’s home town, Mashhad. Mojtaba, 56, has kept a low profile but has close ties to the paramilitary Islamic Revolutionary Guard Corps (IRGC) and has been accused of leading the IRGC’s feared volunteer militia, the Basij. A discreet figure who rarely appeared in public, Mojtaba has yet to address the nation. “He is well known for one thing,” said Nima, as “way more of a hardliner than his father was, due to his strong connections to the Basij and the IRGC. These security institutions were and are largely in Mojtaba’s hands.” State media has reported that the 28 February strike that ki...
Elon Musk’s X said it has suspended 800m accounts over a 12-month period as it fights the “massive” scale of attempts to manipulate the platform. The social media company told MPs it was continually fighting state-backed attempts to hijack the agenda on its network, with Russia being the most prolific state actor, followed by Iran and China. As part of the fight against such content, X suspended 8...
Elon Musk’s X said it has suspended 800m accounts over a 12-month period as it fights the “massive” scale of attempts to manipulate the platform. The social media company told MPs it was continually fighting state-backed attempts to hijack the agenda on its network, with Russia being the most prolific state actor, followed by Iran and China. As part of the fight against such content, X suspended 800m accounts in 2024 for breaching its rules on platform manipulation and spam, although the platform did not reveal which of those suspensions related to foreign interference. X has approximately 300 million monthly users worldwide. Wifredo Fernández, a government affairs executive at the platform’s parent company, X Corp, said: “There are efforts every single day to create inauthentic networks of accounts.” Speaking to MPs on the foreign affairs committee via video-link on Monday, Fernández said attempts to manipulate the platform or flood it with spam had not subsided and “several hundred million accounts” had been taken down in the latter part of last year as well. Fernández added he was “quite confident” that the remaining accounts on X were authentic. X defines manipulative accounts as those that engage in “bulk, aggressive or disruptive activity that misleads others and/or disrupts their experience”. It refers to spam as “unsolicited, repeated actions” that affect other accounts, often meaning a stream of low-quality content. Fernández said Russia sought to undermine the 2024 US presidential election and “stoke division”, with a large number of accounts attempting to “flood the zone” with a “particular type of narrative”. X has been criticised for its approach to content moderation since it was acquired by Musk, the world’s richest person, in 2022 when it was known as Twitter. In the UK, for instance, it helped spread inflammatory speculation in the aftermath of the Southport stabbings, in which three children were murdered by Axel Rudakubana. Spam accounts have been...
This article first appeared on GuruFocus. AI infrastructure startup Nscale has landed a massive $2 billion funding round, highlighting just how much money is pouring into the global race to build the backbone of artificial intelligence. The U.K.-based company said its Series C raise values the business at about $14.6 billion. The round was led by Aker ASA and 8090 Industries, with backing from a l...
This article first appeared on GuruFocus. AI infrastructure startup Nscale has landed a massive $2 billion funding round, highlighting just how much money is pouring into the global race to build the backbone of artificial intelligence. The U.K.-based company said its Series C raise values the business at about $14.6 billion. The round was led by Aker ASA and 8090 Industries, with backing from a long list of investors including Nvidia (NASDAQ:NVDA), Dell (NYSE:DELL), Nokia (NYSE:NOK), Citadel, Lenovo, Jane Street, Point72, Astra Capital Management, and Linden Advisors. Nscale positions itself as an AI infrastructure hyperscaler, meaning it builds the large-scale computing systems companies need to run modern AI modelsfrom GPU compute and networking to data services and orchestration software. The new funding will help accelerate Nscale's global expansion, with projects planned across Europe, North America, and Asia as demand for AI compute continues to surge.
Sundry Photography/iStock Editorial via Getty Images Snowflake: It is an Enterprise Software Company, but All the Same, It Has Become a Leader in Providing Users With an Effective and Efficient AI Strategy It has been almost 2 years since I last wrote an article about Snowflake ( SNOW ). The shares have risen by about 17% since that time. While that’s actually better than the returns of the IGV ex...
Sundry Photography/iStock Editorial via Getty Images Snowflake: It is an Enterprise Software Company, but All the Same, It Has Become a Leader in Providing Users With an Effective and Efficient AI Strategy It has been almost 2 years since I last wrote an article about Snowflake ( SNOW ). The shares have risen by about 17% since that time. While that’s actually better than the returns of the IGV expanded tech-software ETF, which is flat over the same span, it isn’t what one hopes to see in investing in a volatile space. That’s either interesting or disheartening, depending on one’s viewpoint over that time. Over the past two years , Snowflake has grown revenues by about 65%, grown its backlog (RPO balance) by about 88%, and grown its free cash generation by 38%. The outstanding share count has grown by 3.3%. The company has a projected forward P/E of 94X, but that is coming down rapidly as earnings growth is accelerating. EPS growth this year is projecte d to be about 40% by the published 1 st call consensus, and based on past relations between guidance and actual performance, the EPS growth is likely to be stronger still. That exceptional increase in Snowflake’s backlog is due to large enterprises committing to the company’s platform and new solutions at unprecedented scale and for an extended time period. Last quarter, the company booked the largest order - $400 million - in the company's history, as well as 9 orders greater than $100 million, a record for the company. Snowflake, despite its increasing scale, is one of the rare software companies whose revenue growth is forecast to be higher now than it was two years ago. This is, I believe, both a function of the space in which it competes coupled with a product strategy that links corporate data with a robust set of AI product initiatives, now including Cortex Code , a new product release that I believe will spark a further positive revenue growth inflection. That’s the longer-term picture; in fact, Snowflake rep...
Lawyers affiliated to Labour were “blocked” from briefing party MPs to share concerns about plans to cut the number of jury trials in England and Wales, it has been claimed. The allegation was made by Karl Turner, the leader of a backbench rebellion against a flagship government bill that would remove the right to a jury trial in thousands of cases, before the first chance by MPs to vote on the le...
Lawyers affiliated to Labour were “blocked” from briefing party MPs to share concerns about plans to cut the number of jury trials in England and Wales, it has been claimed. The allegation was made by Karl Turner, the leader of a backbench rebellion against a flagship government bill that would remove the right to a jury trial in thousands of cases, before the first chance by MPs to vote on the legislation. As many as 65 Labour MPs are understood to have been considering voting against the courts and tribunals bill before Monday’s second reading. David Lammy, the justice secretary, announced the plans last December that will take thousands of trials away from the jury system, to be heard instead by judges and magistrates. But the government has been facing discontent from its own ranks, including from 38 MPs who signed a letter urging the prime minister to reverse the plans. Turner, the MP for Hull East who coordinated that letter, said the policies were the subject of deep concern within the Society of Labour Lawyers (SLL), one of the party’s oldest affiliates, and were discussed at the body’s executive committee last Friday. “The policy position of the SLL is that these measures are a terrible mistake, are unworkable and must be stopped but they have been blocked from sharing that position with Labour MPs in a briefing of the sort which one would expect it to be able to make,” said Turner, who added that pressure had come from ministers. The SLL and a spokesperson for Lammy, who was due to meet Turner on Monday evening, have been approached for comment. While a major clash between the government and MPs on Tuesday may yet be averted, a significant number of Labour backbenchers could instead abstain or choose to vote against the bill at a later stage. Turner said he was hopeful of being able to strip out aspects of the bill he and others opposed when it came to its “report” stage in the House of Commons. The position of Angela Rayner, the former minister who remain...
In trading on Monday, shares of CloudFlare Inc (Symbol: NET) crossed above their 200 day moving average of $197.69, changing hands as high as $203.88 per share. CloudFlare Inc shares are currently trading up about 4.3% on the day. The chart below shows the one year performance of NET shares, versus its 200 day moving average: Looking at the chart above, NET's low point in its 52 week range is $89....
In trading on Monday, shares of CloudFlare Inc (Symbol: NET) crossed above their 200 day moving average of $197.69, changing hands as high as $203.88 per share. CloudFlare Inc shares are currently trading up about 4.3% on the day. The chart below shows the one year performance of NET shares, versus its 200 day moving average: Looking at the chart above, NET's low point in its 52 week range is $89.42 per share, with $260 as the 52 week high point — that compares with a last trade of $201.15. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.