PM Images/DigitalVision via Getty Images Applied Digital Corporation ( APLD ) was up around 13% in premarket trading on Tuesday, June 9th, and pushed the entire neocloud sector higher with it. Seeking Alpha The stock digested the positives at the open as investors sold the news, and it was then up around 3.5%. Seeking Alpha The volatility continued, and even as I write this, the stock is strugglin...
PM Images/DigitalVision via Getty Images Applied Digital Corporation ( APLD ) was up around 13% in premarket trading on Tuesday, June 9th, and pushed the entire neocloud sector higher with it. Seeking Alpha The stock digested the positives at the open as investors sold the news, and it was then up around 3.5%. Seeking Alpha The volatility continued, and even as I write this, the stock is struggling to stay in the green, as the overall market pulls back on renewed economic uncertainty. What happened: On Monday, after the close, the company signed a 210 MW critical-IT-load lease at Delta Forge 2, a new AI Factory campus in an unnamed southern state, in a 15-year take-or-pay structure worth ~$5.2 billion in base-term revenue ($12.7 billion if all renewals are exercised over a 30-year term). This is the company's fifth campus and its third lease with the same U.S.-based hyperscaler, with operations targeted for Q1 '28. The company now claims a round $36 billion in total contracted base-term revenue across five campuses ($86 billion with all renewals), 1.4 GW of contracted critical IT load (2.15 GW gross grid-connected power), and 70% of contracted revenue backed by investment-grade hyperscalers. The stock was initially up because the deal materially extends the contracted-revenue backlog and reinforces demand visibility, and because a fifth campus plus a third lease with the same anchor tenant validates management's repeatable franchise model. According to the company’s CEO , Wes Cummins, in the press release: Two years ago, we made a deliberate decision to build a company that scales, not just builds data centers…We call it our franchise model — a core team of design, construction, and operations professionals replicated across every campus, in every market. Continued demand from leading hyperscalers across five campuses is strong validation of our model. Then, on Tuesday premarket, the company followed up on the financing side. Its subsidiary, APLD ComputeCo 3 LLC, an...
bbevren/iStock via Getty Images Coda Octopus Group ( CODA ) is a niche marine technology and defense company specializing in real-time underwater imaging, sonar systems, and defense engineering solutions. The company serves customers across defense, offshore energy, marine construction, underwater infrastructure inspection, and autonomous underwater vehicle (AUV) markets. CODA generates revenue pr...
bbevren/iStock via Getty Images Coda Octopus Group ( CODA ) is a niche marine technology and defense company specializing in real-time underwater imaging, sonar systems, and defense engineering solutions. The company serves customers across defense, offshore energy, marine construction, underwater infrastructure inspection, and autonomous underwater vehicle (AUV) markets. CODA generates revenue primarily through the sale of proprietary sonar hardware, diver technology, software, engineering services, defense contracts, maintenance, and support programs. The company's flagship Echoscope technology generates real-time 3D/4D sonar images that allow users to navigate and inspect underwater environments without the extensive post-processing required by many traditional sonar systems. Their DAVD (Diver Augmented Vision Display) system provides military and commercial divers with enhanced situational awareness displays. Seeking Alpha The stock has had a solid last year, up 89%, but has come down well off its highs in mid-March. Coming up on their Q2 2026 earnings report, I have CODA as a hold. They are a small-cap technology company with exposure to long-term defense trends but are still in a very specific market that could have inconsistent revenue from its concentrated customer base. They do have an appealing balance sheet in which they have created room for internal investment in growth areas. Margins are healthy but not growing, and the stock looks to sit at fair value. Balance Sheet Scope Stock Titan CODA has an extremely strong balance sheet, which may be the number one highlight for the firm. They ended Q1 2026 with $30.4 million in cash against zero long-term debt outstanding. Shareholder equity is near $60 million, meaning the company is funded overwhelmingly by equity and internally generated cash rather than borrowing. You can see above they have not had any debt in about half a decade and have seen pretty consistent advancement in cash along the way. The path t...
Mediocre 3Y Auction Tails Despite Solid Buyside Demand With markets thrown in turmoil following Trump's threat to restart war against Iran in retaliation for downing a US Apache helicopter, it wasn't clear how today's $58 billion 3 year auction would go. In the end, it wasn't great, or terrible: a little tail, but besides that all metrics were relatively solid. The auction priced at a high yield o...
Mediocre 3Y Auction Tails Despite Solid Buyside Demand With markets thrown in turmoil following Trump's threat to restart war against Iran in retaliation for downing a US Apache helicopter, it wasn't clear how today's $58 billion 3 year auction would go. In the end, it wasn't great, or terrible: a little tail, but besides that all metrics were relatively solid. The auction priced at a high yield of 4.192%, up from 3.965% in May and the highest yield since Feb '25. It tailed the When Issued 4.189% by 0.3bps, the 2nd consecutive tail. The bid to cover was 2.645, up from 2.540 last month, and above the recent average of 2.614. The internals were also solid, with Indirects awarded 63.7%, up from 62.96%, though just below the 6-auction average of 63.87%. Directs were awarded 21.01%, modestly higher than 20.14% last month leaving dealers holding 15.28%, a slight decline from 16.90% last month. Overall, this was an average auction, with forgettable metrics, which was to be expected in light of the broader market selling that provided a buffer to any lack of buyer demand. It also signaled that despite expectations that tomorrow's CPI will be the first 4%+ print in 4 years, the bond market isn't too worried... yet. Tyler Durden Tue, 06/09/2026 - 13:28
In this article CBRS SPCX Follow your favorite stocks CREATE FREE ACCOUNT SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019. Philip Pacheco | Afp | Getty Images Nothing about SpaceX 's IPO is ordinary. The rocket maker is aiming to ...
In this article CBRS SPCX Follow your favorite stocks CREATE FREE ACCOUNT SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019. Philip Pacheco | Afp | Getty Images Nothing about SpaceX 's IPO is ordinary. The rocket maker is aiming to raise a record sum, by a wide margin, at a historic valuation, and will be controlled by Elon Musk , who's also CEO of Tesla , another trillion-dollar company. When it comes to the mechanics of the share sale, SpaceX is offering a take-it-or-leave-it price of $135, rather than providing a range and then pricing the deal based on demand, as is customary in IPOs. But as the stock offering gets underway on Thursday, certain customs will be familiar to Wall Street. At some point, all of the IPO shares — roughly $75 billion worth — have to get allocated to the underwriters and asset managers so they can reach their clients before trading begins on Friday. "Elon has dictated the price, and, assuming investors go for it, you can check that box," said Lise Buyer, founder of IPO consultancy Class V Group. "But somebody still has to determine where the shares are going." In a typical offering, the pricing takes place the evening before the market debut. In the weeks leading up to that point, the issuer, in tandem with the underwriters, provides a price range and then lifts it if investors are showing signs of enthusiasm. For example, when artificial intelligence chipmaker Cerebras was gearing up for its IPO last month, the company first said it would sell shares at between $115 and $125 a piece. The next week, it upped the range to between $150 and $160. Read more CNBC tech news OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut Apple partnering with Google and Nvidia for most advanced AI model Silicon Valley's new buyout playbook is hitting Wall Street Every...
SpaceX ’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall. On June 1, Anthropic filed confidentially ...
SpaceX ’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall. On June 1, Anthropic filed confidentially for an IPO, and OpenAI followed suit a week later. The companies would be hitting the stock market after lucrative stints as private companies. ChatGPT developer OpenAI was valued at $852 billion in March, while Anthropic, creator of the AI model Claude, has raised capital at a valuation of more than $965 billion . At these levels, the companies would each be worth more than corporate giants such as JPMorgan Chase Inc . and ExxonMobil Inc . The mania surrounding these businesses has captivated private markets, where access to shares is restricted to wealthy investors, financial institutions and employees. But public listings will test whether ordinary investors share the private market’s excitement for the AI dynamos. Despite their huge valuations, neither OpenAI nor Anthropic is profitable, and they need massive amounts of capital to pay for the computing power to build and run their models. IPO buyers would be betting that underwriting one of the most costly endeavors in corporate history will ultimately turn rapid sales growth into real profits. Why would Anthropic and OpenAI want to go public now? The appeal is twofold: There is expected to be insatiable demand for the shares, and the companies are eager to raise as much money as they can to power their operations. An entry to the public markets would open the door for cheaper — and quicker — debt and equity financing to fund their cash-needy operations. There also is a sense of competition as the two AI companies anticipate going public on the heels of a June IPO for Elon Musk ’s SpaceX. The company acquired xAI, Musk’...
One week after artificial intelligence company Anthropic filed for a confidential IPO, its biggest competitor tossed its own hat into the ring. OpenAI , the owner of ChatGPT, announced on June 8 that it has also filed a Form S-1 with the U.S. Securities and Exchange Commission -- the first step toward an initial public offering that would allow the company to offer shares in the stock market. Thes...
One week after artificial intelligence company Anthropic filed for a confidential IPO, its biggest competitor tossed its own hat into the ring. OpenAI , the owner of ChatGPT, announced on June 8 that it has also filed a Form S-1 with the U.S. Securities and Exchange Commission -- the first step toward an initial public offering that would allow the company to offer shares in the stock market. These two companies have a lot of history. OpenAI is the older of the two, embracing a mission to “ensure that artificial general intelligence benefits all of humanity” and promoting a full-stack consumer ecosystem that controls every layer of the user experience. Anthropic, meanwhile, was founded by former OpenAI executives in 2021 and emphasizes “reliable, interpretable, and steerable AI systems” with stronger safeguards and more predictable outcomes. Anthropic may be the bigger of the two right now, but it’s close -- after raising $65 billion in May, it has a valuation of $965 billion. OpenAI’s most recent valuation was in March, following a fundraising round that brought in $122 billion. It finished that round with a valuation of $852 billion. Continue reading
Arm Holdings plc (NASDAQ:ARM) is one of the best NASDAQ stocks to buy and hold for 3 years. Mizuho lifted the price target on Arm Holdings plc (NASDAQ:ARM) to $500 from $425 on June 4, maintaining an Outperform rating on the shares. It told investors in a research note that the company’s agentic AI tailwinds are […]
Arm Holdings plc (NASDAQ:ARM) is one of the best NASDAQ stocks to buy and hold for 3 years. Mizuho lifted the price target on Arm Holdings plc (NASDAQ:ARM) to $500 from $425 on June 4, maintaining an Outperform rating on the shares. It told investors in a research note that the company’s agentic AI tailwinds are […]
A new scheme to support care leavers’ relationships is welcome. But loneliness is one problem among many It might sound obvious that – as Benjamin Zephaniah wrote – “People will always need people / To make life appealing / And give life some meaning.” But the care system has not always behaved as though relationships are a condition of human flourishing. So it is good to see this simple yet cruci...
A new scheme to support care leavers’ relationships is welcome. But loneliness is one problem among many It might sound obvious that – as Benjamin Zephaniah wrote – “People will always need people / To make life appealing / And give life some meaning.” But the care system has not always behaved as though relationships are a condition of human flourishing. So it is good to see this simple yet crucial idea reflected in the latest announcement about support for care leavers in England. The broken connections that become a feature of too many young people’s lives are increasingly recognised as a key reason for their later vulnerability. Some local councils already have support in place for young people who want to reconnect with relatives, trusted adults such as former teachers or social workers, and old friends. Last week the government announced a national version, billed as a Who Do You Think You Are?-style service for care leavers, with an initial budget of £8.4m. The hope is that supporting older teenagers to restore links will reduce the risk of isolation and help them to find their feet. While many care leavers already make a successful transition to independent living, they face disproportionate risks of homelessness , poor mental health, prison and even death. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best NASDAQ stocks to buy and hold for 3 years. Palantir Technologies Inc. (NASDAQ:PLTR) and McCarthy Building Companies Inc. announced on June 4 a multi-year, multi-million dollar strategic partnership to bolster AI and data-driven decision-making across McCarthy’s operations. McCarthy Building Companies Inc. is one of the oldest […]
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best NASDAQ stocks to buy and hold for 3 years. Palantir Technologies Inc. (NASDAQ:PLTR) and McCarthy Building Companies Inc. announced on June 4 a multi-year, multi-million dollar strategic partnership to bolster AI and data-driven decision-making across McCarthy’s operations. McCarthy Building Companies Inc. is one of the oldest […]
Intel Corporation (NASDAQ:INTC) is one of the best NASDAQ stocks to buy and hold for 3 years. Intel Corporation (NASDAQ:INTC) unveiled new innovations at Computex 2026 on June 2, addressing the chip-to-systems-level AI needs of customers with solutions tailored to their specific industry challenges. These included new rackscale AI infrastructure, Agentic Cloud Offering for Disaggregated Inference,...
Intel Corporation (NASDAQ:INTC) is one of the best NASDAQ stocks to buy and hold for 3 years. Intel Corporation (NASDAQ:INTC) unveiled new innovations at Computex 2026 on June 2, addressing the chip-to-systems-level AI needs of customers with solutions tailored to their specific industry challenges. These included new rackscale AI infrastructure, Agentic Cloud Offering for Disaggregated Inference, […]