Chinese solar manufacturers and research institutes launched an alliance on Tuesday to promote solar energy in space, a potential new avenue for growth in an industry beset by terrestrial overcapacity. A total of 13 founding members, including GCL Technology Holdings Ltd. and Trina Solar Co. , inaugurated the Space Energy Development Alliance at the world’s largest solar fair in Shanghai. Shi Zhen...
Chinese solar manufacturers and research institutes launched an alliance on Tuesday to promote solar energy in space, a potential new avenue for growth in an industry beset by terrestrial overcapacity. A total of 13 founding members, including GCL Technology Holdings Ltd. and Trina Solar Co. , inaugurated the Space Energy Development Alliance at the world’s largest solar fair in Shanghai. Shi Zhengrong , founder of Suntech Power Holdings Co. and once the world’s first solar billionaire, is also among the participants. The ceremony, which lasted about five minutes, took place on the opening day of this year’s SNEC PV+ conference. Although the event didn’t offer any details on the alliance’s objectives, it highlights the extent to which space-based solar has seized the industry’s imagination, particularly as a potential energy source for orbital data centers that support artificial intelligence. Read More: China’s Solar Industry Looks to The Stars to Solve Earthly Glut Over the next decade, such facilities could generate demand for about 200 gigawatts of solar panels, Dennis Ip , an analyst at Daiwa Capital Markets Hong Kong Ltd., wrote in a note earlier this year. Around the same time, the China Photovoltaic Industry Association, the main solar lobby, warned that the technology remains far from large-scale commercialization.
Rio de Janeiro, Brazil, with Sugarloaf Mountain and Botafogo Beach in the background. Jeremy Walker | Stone | Getty Images The Office of the United States Trade Representative has proposed 25% tariffs on Brazilian goods under Section 301, determining that the South American nation had engaged in practices that "are unreasonable and burden or restrict U.S. commerce." Some of these practices also in...
Rio de Janeiro, Brazil, with Sugarloaf Mountain and Botafogo Beach in the background. Jeremy Walker | Stone | Getty Images The Office of the United States Trade Representative has proposed 25% tariffs on Brazilian goods under Section 301, determining that the South American nation had engaged in practices that "are unreasonable and burden or restrict U.S. commerce." Some of these practices also include anti-corruption enforcement, intellectual property protection, ethanol market access, and illegal deforestation, according to the release from the U.S. Trade Representative. U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump. While Trump has had "several constructive meetings" with Brazilian counterpart Luiz Inacio Lula da Silva, the two sides continue to have substantial differences in resolving the issues identified in this investigation, Greer said. This is breaking news, please check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: The forthcoming wave of mega-IPOs could test index funds to destruction. They’re unlikely to bring down the stock market (high oil prices still haven’t). Even Michael Saylor is selling Bitcoin (and it’s falling again). US manufacturing is growing at its fastest in four years. AND: Some under-discovered...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: The forthcoming wave of mega-IPOs could test index funds to destruction. They’re unlikely to bring down the stock market (high oil prices still haven’t). Even Michael Saylor is selling Bitcoin (and it’s falling again). US manufacturing is growing at its fastest in four years. AND: Some under-discovered masterpieces . The Final Frontier SpaceX’s quest for space, the final frontier, threatens to take capital markets crashing through the efficient frontier . Key assumptions about how companies should be governed, how funds should be invested, and how markets can be benchmarked will come under assault in the forthcoming wave of IPOs led by Elon Musk’s space exploration conglomerate. Bloomberg’s Big Take has a great roundup of the issues (co-authored by former Points of Return colleague Isabelle Lee), while Matt Levine has brilliantly explained the difficulties for index providers (who feel obliged to bend the rules to let the new companies into the benchmarks swiftly to avoid getting out of date) and for passive funds (who risk being massively gamed and used as a vehicle to force investors to channel money into the newly public companies). The unicorn vogue, in which companies reached unprecedented size while staying away from the public gaze, will now give way to a new phenomenon in which giants are suddenly born fully fledged. As Nir Kaissar comments : “Companies are not supposed to show up on exchanges already the world’s most valuable businesses.” The power that the founders intend to reserve for themselves, particularly SpaceX’s Elon Musk, is breathtaking; new investors can come along for the ride, but they can’t expect to exert any control. It all looks like quite fantastical hubris. (You can almost hear Kirk and Spock arguing.) If it doesn’t mark a historic market top, many will feel that SpaceX at least deserves to. All true. But it leaves aside the paramount questio...
hapabapa/iStock Editorial via Getty Images Amazon ( AMZN ) has slightly outperformed the market since our last recommendation to be greedy when others are fearful. On top of that, the company continues to retain numerous avenues to continue its growth, including the largest capex budget in artificial intelligence, a strong core business, and the growth of ads that all make it a great investment. A...
hapabapa/iStock Editorial via Getty Images Amazon ( AMZN ) has slightly outperformed the market since our last recommendation to be greedy when others are fearful. On top of that, the company continues to retain numerous avenues to continue its growth, including the largest capex budget in artificial intelligence, a strong core business, and the growth of ads that all make it a great investment. Amazon Business Overview Amazon has an incredibly strong and diverse business consisting of 3 main facets in our view. The first is Amazon's core business, which is as a marketplace. That business has grown into the world's largest online marketplace, driving hundreds of billions in annual revenue. As we'll see later in this article, it's also enabled Amazon to build an impressive ads and logistics business to improve margins and revenue. The second is Amazon's core AWS business. AWS is used by more than 90% of the Fortune 100 and is the largest cloud provider globally. It was a business earning $10s of billions in annual revenue before artificial intelligence ever came on the scene, and that's remained the case. The last is artificial intelligence, which we'll focus on in this article. That includes equity stakes in leading model providers along with the core offerings of AWS and Amazon's rapidly growing custom silicon offerings, all driving strong revenue. Amazon AWS Capex and Model Delivery For discussing the AI wave, we will discuss Amazon’s positioning in two parts, first focusing on its traditional business (AWS and cloud compute) before moving onto the more AI-specific investments. Amazon Investor Presentation Amazon’s AWS remains the leading cloud compute provider globally as the company continues to use its expertise to rapidly scale and build new data centers. The company saw 28% YoY revenue growth in an incredibly established business, incredible performance that drove annual revenue past $150 billion. TTM operating income of more than $48 billion shows the scale ...
SK Telecom Ltd. (NYSE:SKM) is one of the 10 Stocks Entering June on Fire. SK Telecom soared to a new four-year high on Monday, after being named as a key partner of Nvidia Corp. in the development of a semiconductor company’s digital twin using its 3D virtual design platform. In intra-day trading, the stock surged […]
SK Telecom Ltd. (NYSE:SKM) is one of the 10 Stocks Entering June on Fire. SK Telecom soared to a new four-year high on Monday, after being named as a key partner of Nvidia Corp. in the development of a semiconductor company’s digital twin using its 3D virtual design platform. In intra-day trading, the stock surged […]
格隆汇6月2日｜亚洲交易时段，随着中东紧张局势重燃引发避险情绪，比特币依然承压，在4月初以来的低点附近徘徊。XS.com高级市场分析师Antonio Di Giacomo表示，地缘政治的不确定性正在引发油价的大幅波动以及对国际贸易路线稳定性的担忧，加剧了机构投资者的谨慎情绪。他补充说，过去三周，与比特币相关的ETF经历了大量资金流出，随着市场参与者减少加密货币敞口，赎回规模超过30亿美元。比特币最...
格隆汇6月2日｜亚洲交易时段，随着中东紧张局势重燃引发避险情绪，比特币依然承压，在4月初以来的低点附近徘徊。XS.com高级市场分析师Antonio Di Giacomo表示，地缘政治的不确定性正在引发油价的大幅波动以及对国际贸易路线稳定性的担忧，加剧了机构投资者的谨慎情绪。他补充说，过去三周，与比特币相关的ETF经历了大量资金流出，随着市场参与者减少加密货币敞口，赎回规模超过30亿美元。比特币最新下跌0.6%，报70,913美元，此前一度触及70,086美元——逼近备受关注的70,000美元关口。
Asana Inc. (NASDAQ:ASAN) is one of the 10 Stocks Entering June on Fire. Asana bounced back by 17.21 percent on Monday to close at $185.67 apiece, as investor sentiment was bolstered by its expansion into artificial intelligence with its acquisition of Stack AI. In a statement late Friday, Asana Inc. (NASDAQ:ASAN) said that it has […]
Asana Inc. (NASDAQ:ASAN) is one of the 10 Stocks Entering June on Fire. Asana bounced back by 17.21 percent on Monday to close at $185.67 apiece, as investor sentiment was bolstered by its expansion into artificial intelligence with its acquisition of Stack AI. In a statement late Friday, Asana Inc. (NASDAQ:ASAN) said that it has […]
Arm CEO Rene Haas explains how Taiwan's partner ecosystem is critical for AI development. He also discussed how the rapid rise of agentic AI will trigger immense growth in CPU demand. (Source: Bloomberg)
Arm CEO Rene Haas explains how Taiwan's partner ecosystem is critical for AI development. He also discussed how the rapid rise of agentic AI will trigger immense growth in CPU demand. (Source: Bloomberg)