adventtr/iStock via Getty Images I'm Not Changing My Thesis After Micron's Doubling I previewed Micron Technology 's ( MU ) then-upcoming fiscal Q2 2026 earnings release back in early March this year , calling the MU stock a "Buy" as I was expecting another strong double-beating and solid guidance projections from the management team. My previous expectations materialized - more than that, Micron ...
adventtr/iStock via Getty Images I'm Not Changing My Thesis After Micron's Doubling I previewed Micron Technology 's ( MU ) then-upcoming fiscal Q2 2026 earnings release back in early March this year , calling the MU stock a "Buy" as I was expecting another strong double-beating and solid guidance projections from the management team. My previous expectations materialized - more than that, Micron has managed to beat even my bullish assumptions with its Q2 update. So, it's unsurprising that following the Q2 release, the stock has doubled despite some weakness initially (MU fell by almost 30% after the Q2 print as speculators started to take profits, but then it gained back all the losses and reached all-time highs). Looking at the latest news and corporate events, as well as the industry's conditions and trends, I decided that I am not willing to downgrade Micron just yet. My core bullish thesis still seems to be intact - all I can do now is simply adjust my growth projections, matching them with the new reality. What changed for Micron is the new validation it received from Nvidia ( NVDA ) when Micron announced the mass production and volume shipment of its 12-high 36GB HBM4, specifically for NVDA's Vera Rubin (in Q1 2026). Beyond HBM, Micron is co-developing a modular LPDDR5X memory solution for Nvidia's GB300 Grace Blackwell Ultra Superchip, serving as the key (or maybe even the only ) supplier of LPDRAM in the data center for Nvidia's GB product family. What we see in the forward EPS growth levels prices Micron as a typical cyclical company, and I generally agree that memory is cyclical. However, I think the forward estimates are likely to be boosted again as the chip shortage persists, so Micron's repricing to the upside looks like a question of "when," not "if," to me. Why Do I Think So? Micron showed the strongest double-beating in Q2 2026, with revenue and EPS beatings of 20.77% and 33.21%, respectively, according to Seeking Alpha . On an absolute basis, the ...
The European Central Bank will do whatever is needed to bring consumer-price growth back to target, with officials to have much more information at June’s meeting as they formulate their plans, Governing Council member Olaf Sleijpen said. “The ECB will, of course, do everything in its power to ensure that inflation returns to price stability,” the Dutch central-bank chief said Tuesday in Amsterdam...
The European Central Bank will do whatever is needed to bring consumer-price growth back to target, with officials to have much more information at June’s meeting as they formulate their plans, Governing Council member Olaf Sleijpen said. “The ECB will, of course, do everything in its power to ensure that inflation returns to price stability,” the Dutch central-bank chief said Tuesday in Amsterdam. Policymakers deliberating next month will “have a great deal more data than we did at the previous meeting,” he said. “Based on that, we will decide what to do.” Officials are still balancing inflation pressures stemming from the Iran war and the accompanying surge in energy costs against softer economic growth and financial stability risks. Prices already rose 3% in April, much faster than the ECB’s 2% goal. Executive Board member Isabel Schnabel said in an interview published Tuesday that the ECB should raise interest rates in June, arguing that “given the size and the persistence of the current shock, looking through is no longer an option .” Separately, Chief Economist Philip Lane was more cautious . “What we are, of course, looking at in particular is the extent to which the rise in energy prices – which we have already seen and which has already pushed up headline inflation – is having an impact,” Sleijpen said. “And to what extent that is feeding through into other price indicators – that is, of course, very important.” ECB Should Hike Interest Rates in June, Schnabel Says ECB Likely to Revise Its Inflation Outlook in June, Lagarde Says Big Euro-Zone Economies Are Enduring Unfolding Inflation Shock
The BCM68850 is a standalone 50G PON Gateway SoC that provides an industry-standard ITU-T path for operators to future-proof their networks. The device features: The transition to 50G PON delivers the massive network headroom and deterministic latency required for the next era of broadband. As homes evolve into highly active, always on, edge-compute nodes, residential traffic will increasingly con...
The BCM68850 is a standalone 50G PON Gateway SoC that provides an industry-standard ITU-T path for operators to future-proof their networks. The device features: The transition to 50G PON delivers the massive network headroom and deterministic latency required for the next era of broadband. As homes evolve into highly active, always on, edge-compute nodes, residential traffic will increasingly consist of massive, instantaneous micro-bursts of data. A 50G PON gateway processes and transmits these high-density payloads in a fraction of a millisecond before instantly freeing the channel for the next payload. This rapid execution and increased bandwidth is essential for data-heavy tasks like synchronizing autonomous AI agents and managing multi-stream ultra-high-definition telepresence. This ultra-fast "burst and release" capability guarantees near zero-jitter performance essential for latency-critical applications, while protecting the shared fiber strand from node congestion. Ultimately, deploying 50G CPEs today equips operators to absorb explosive traffic and maximize their hardware lifecycle through the entire Wi-Fi 8 generation. PALO ALTO, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced the BCM68850, the industry’s first 50G ITU-PON home gateway SoC featuring an integrated neural processing unit (NPU) and native Wi-Fi 8 compatibility. This launch completes the industry’s most advanced wireless broadband portfolio, pairing 50G PON with a durable Wi-Fi 8 foundation established across four successive waves of market-leading innovation. This milestone underscores Broadcom’s commitment to architectural consistency at the intelligent edge, offering a comprehensive range of NPU-accelerated solutions across cable, PON, Wi-Fi, and set-top box platforms to ensure a stable and resilient infrastructure for AI offloading and...
In this video, I will cover Nvidia 's (NASDAQ: NVDA) earnings report, discuss the current market state, and explain why the most obvious buys will become even more obvious once the stock rises. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of May. 21, 2026. The video was published on May. 21, 2026. Co...
In this video, I will cover Nvidia 's (NASDAQ: NVDA) earnings report, discuss the current market state, and explain why the most obvious buys will become even more obvious once the stock rises. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of May. 21, 2026. The video was published on May. 21, 2026. Continue reading
Picsart and Alibaba Cloud Launch AI Video Competition MIAMI, May 26, 2026--(BUSINESS WIRE)--Picsart, the AI-powered design platform with over 130M+ monthly creators, today announced a new creative collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to launch its first Happy Horse Awards - a global competition inviting creators to produce original AI...
Picsart and Alibaba Cloud Launch AI Video Competition MIAMI, May 26, 2026--(BUSINESS WIRE)--Picsart, the AI-powered design platform with over 130M+ monthly creators, today announced a new creative collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to launch its first Happy Horse Awards - a global competition inviting creators to produce original AI-generated short films using the latest Happy Horse model within Picsart's suite of creative tools. Hovhannes Avoyan, CEO and Founder of Picsart, said: "Creativity has always driven everything we build at Picsart, and spotlighting the fantastic results from the new model, Happy Horse, felt like a natural moment to challenge our community to flex their creativity. Their models set a genuinely high bar for AI-generated content, and with our global creator community at the helm, we’re excited to see an extraordinary range of standout submissions come through." Open to participants aged 18 and over, the competition challenges creators to produce a 15–300 second vertical video short built around a clear story. Entries must be created using the Happy Horse model within Picsart and posted publicly on Instagram, TikTok, YouTube, or another public social platform before the submission deadline of 14 June. The grand prize winner will receive a travel package to attend HumanX Amsterdam, one of the world’s leading AI events, or a $5,000 cash prize, with a shortlist of honorable mentions each receiving $200 worth of Picsart credits . Creators may submit up to ten entries during the submission window, which opens 26 May. Entries will be judged across five criteria: hook quality, social vitality, storytelling, originality and creativity, and visual quality and technique. Winning work should feel native to vertical social feeds — memorable, intentional, and built to be replayed and shared. Picsart has been a pioneer in the generative AI market since 2016, today, the platform has a global a...
Leftist Activists Build Illegal "Autonomous Zone" Around NJ ICE Facility They keep doing it because the consequences are not harsh enough yet, and they enjoy the protection of Democrat politicians and NGO-backed funding. Without support from the Democrat Party and global non-profits, the Anti-ICE movement would not exist. In other words, they're astroturf. Of course, that doesn't stop them from ca...
Leftist Activists Build Illegal "Autonomous Zone" Around NJ ICE Facility They keep doing it because the consequences are not harsh enough yet, and they enjoy the protection of Democrat politicians and NGO-backed funding. Without support from the Democrat Party and global non-profits, the Anti-ICE movement would not exist. In other words, they're astroturf. Of course, that doesn't stop them from causing all kinds of trouble. Federal agents moved within the past 48 hours to break down a make-shift "autonomous zone" built by leftist activists around the New Jersey Delaney Hall ICE facility in Newark. 🚨 NOW: Anti-ICE “protestors” have put a BARRIER outside the ICE facility in Newark, and are BLOCKING vehicles from entering and leaving Is this SERIOUSLY being tolerated now??! Start flooding the street with TEARGAS and FORCE them to move. pic.twitter.com/J7WQy8Pr2n — Nick Sortor (@nicksortor) May 25, 2026 Tear gas and other less-lethal means were deployed after protesters tried to establish encampments and barricades to block vehicles from entering or leaving the site. BREAKING: CLASHES between ICE agents agents and leftist rioters broke out this morning at the ICE facility in Newark, NJ as rioters attempted to BLOCK ICE vehicles ICE ROUGHED UP these twerps. Well done, ICE! 🔥 pic.twitter.com/XFSDZkscBN — Nick Sortor (@nicksortor) May 25, 2026 The primary NGO organizing the NJ actions is The New Jersey Alliance for Immigrant Justice (NJAIJ) , which has been heavily involved in the Delaney protests. These state level NGOs are often two or three layers away from larger organizers and, more often than not, money from globalist foundations like Open Society, Ford Foundation and the Rockefeller Foundation is flowing into their coffers. The strategies employed by activists have become standard - Incite, provoke, sabotage and disrupt until agents respond with force, then let the establishment media cherry pick footage to paint ICE as the villains while Democrat politicians "deman...
A trio of former Palantir executives who helped spearhead that company’s Life Sciences practice have founded a startup called Perceptic that is building an end-to-end AI platform for drug development, handling everything from drug discovery to clinical trial design. The company emerged from stealth today and announced a $12 million seed funding round. London-based venture capital firm Accel led th...
A trio of former Palantir executives who helped spearhead that company’s Life Sciences practice have founded a startup called Perceptic that is building an end-to-end AI platform for drug development, handling everything from drug discovery to clinical trial design. The company emerged from stealth today and announced a $12 million seed funding round. London-based venture capital firm Accel led the funding round, alongside Air Street Capital and Elder Gull. The company’s valuation following the funding round was not disclosed. Perceptic said its software is already being used by multiple top-tier pharmaceutical companies, though it was only allowed to name CSL, the Australian biotechnology company. In the past two years, numerous startups have sprung up to use AI to speed drug discovery. This includes Isomorphic, a spin out from Google DeepMind, robotic lab pioneer Recursion, Insilico Medicine, and many others. But so far, no AI-discovered drugs have made it all the way through human clinical trials and been approved for sale, leading some to question whether AI is living up to the hype around revolutionizing drug development. Tilman Flock, Perceptic’s cofounder and CEO, is a bioscience researcher who spent nearly seven years at Palantir, building the company’s commercial AI platform and helping life sciences companies use it. He tells Fortune that most AI startups targeting drug development have focused on improving just one particular part of the complex process, such as predicting protein structures, or looking for a molecule that will bind with a particular site on a target protein, or trying to optimize the recruitment of patients for clinical trials. Perceptic, by contrast, is pitching itself as the “connective tissue” between those discrete AI tools and the proprietary internal and external data that pharmaceutical companies use to make decisions. “For years, the industry has tried to improve each part of the [drug discovery] process separately, but that’s a ...
Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for “Artisan Value Fund”. A copy of the letter is available to download here. The Funds’ Investor Class: ARTLX, Advisor Class: APDLX, and Institutional Class: APHLX returned -3.54%, -3.50%. and 3.50%, respectively, in Q1 vs, 2.10% return for the Russell 1000® Value Index. Performance was impacted by...
Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for “Artisan Value Fund”. A copy of the letter is available to download here. The Funds’ Investor Class: ARTLX, Advisor Class: APDLX, and Institutional Class: APHLX returned -3.54%, -3.50%. and 3.50%, respectively, in Q1 vs, 2.10% return for the Russell 1000® Value Index. Performance was impacted by a market favoring momentum-driven stocks over quality factors, alongside company-specific setbacks. In Q1 2026, the US equity market showed mixed results: large-cap indices declined, while mid- and small-cap stocks gained modestly, reflecting a gradual broadening in market participation. Volatility increased, driven by concerns over artificial intelligence and private credit, and further escalated due to the outbreak of conflict in Iran. Despite uncertainty, the Fund focuses on identifying companies that can create value through cycles, particularly where market dislocations provide attractive entry points. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its first-quarter 2026 investor letter, Artisan Value Fund highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN) as a new portfolio addition. Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On May 22, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $266.32 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 1.99%, and its shares gained 32.50% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.87 trillion. Artisan Value Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter:
Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for “Artisan Value Fund”. A copy of the letter is available to download here. The Funds’ Investor Class: ARTLX, Advisor Class: APDLX, and Institutional Class: APHLX returned -3.54%, -3.50%. and 3.50%, respectively, in Q1 vs, 2.10% return for the Russell 1000® Value Index. Performance was impacted by...
Artisan Partners, an investment management company, released its first-quarter 2026 investor letter for “Artisan Value Fund”. A copy of the letter is available to download here. The Funds’ Investor Class: ARTLX, Advisor Class: APDLX, and Institutional Class: APHLX returned -3.54%, -3.50%. and 3.50%, respectively, in Q1 vs, 2.10% return for the Russell 1000® Value Index. Performance was impacted by a market favoring momentum-driven stocks over quality factors, alongside company-specific setbacks. In Q1 2026, the US equity market showed mixed results: large-cap indices declined, while mid- and small-cap stocks gained modestly, reflecting a gradual broadening in market participation. Volatility increased, driven by concerns over artificial intelligence and private credit, and further escalated due to the outbreak of conflict in Iran. Despite uncertainty, the Fund focuses on identifying companies that can create value through cycles, particularly where market dislocations provide attractive entry points. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its first-quarter 2026 investor letter, Artisan Value Fund highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN) as a new portfolio addition. Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On May 22, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $266.32 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 1.99%, and its shares gained 32.50% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.87 trillion. Artisan Value Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter:
NicoElNino/iStock via Getty Images Tenable ( TENB ) increased its total addressable market during its Investor Day last week as the company attempts to capitalize on the increasing demand for exposure and vulnerability management tools. Wedbush increased its price target on the stock to $29 from $27 and reiterated its Outperform rating. "The company identified an incremental $35 billion TAM on top...
NicoElNino/iStock via Getty Images Tenable ( TENB ) increased its total addressable market during its Investor Day last week as the company attempts to capitalize on the increasing demand for exposure and vulnerability management tools. Wedbush increased its price target on the stock to $29 from $27 and reiterated its Outperform rating. "The company identified an incremental $35 billion TAM on top of its existing $30 billion exposure management industry by 2029, which includes AI application, development, and deployment for cyber initiatives, which remain in the early stages of playing out," according to Wedbush analysts in a Tuesday investor report. "TENB expects to see revenue growth of high single digits to low double digits exiting FY29, above FY26 guidance of high single digits, with the company investing aggressively in growth opportunities, with VM and exposure management seen as an essential layer for agentic AI deployments across the enterprise," Wedbush noted. What's more, Tenable is taking steps to increase its operating margin by up to 150 bps to reach 28% and to improve its free cash flow by up to 150 bps to 31% by 2029. Just before the Investor Day event, Tenable also revealed a new partnership with Anthropic ( ANTHRO ) to install Claude-powered workflows in Tenable Hexa AI. "We believe this Anthropic partnership remediates significant competitive risks with the entire vulnerability management space under immense pressure following the announcement of VM tools by frontier AI labs," Wedbush added. "AI is increasing the number of exposures entering our customers' environments," said Tenable co-CEO Mark Thurmond during Investor Day. "The result is an explosion of findings, but more findings don't automatically make the organization safer." "Last year, more than 60% of organizations, right, that had a breach or a ransomware attack, they actually had a patch available on the known vulnerability that was exploited, but they weren't able to put it into produc...
An explosion damaged a tanker close to its waterline as it sailed off Oman, a marine monitor said on Tuesday, as tensions remained high around the blockaded Strait of Hormuz. “The crew and vessel are safe, although the master reports some bunker fuel has discharged into the sea,” UK Maritime Trade Operations said. The incident, in the Gulf of Oman about 60 nautical miles east of Muscat, was an “ex...
An explosion damaged a tanker close to its waterline as it sailed off Oman, a marine monitor said on Tuesday, as tensions remained high around the blockaded Strait of Hormuz. “The crew and vessel are safe, although the master reports some bunker fuel has discharged into the sea,” UK Maritime Trade Operations said. The incident, in the Gulf of Oman about 60 nautical miles east of Muscat, was an “external explosion”, UKMTO added, without detailing the cause of the blast. Advertisement Iran has been laying mines in waters nearby as part of its campaign to block Hormuz, which normally carries one-fifth of global oil production. Hours earlier, US forces launched overnight strikes on missile sites in Iran and on boats that they said were trying to lay mines in Gulf waters. Advertisement Ship-tracking data on Monday showed three liquefied natural gas tankers passed through Hormuz in recent days, heading to Pakistan, China and India, as well as a supertanker with Iraqi crude for China after being stranded for nearly three months.
Shortly after the opening bell, we will be selling 55 shares of Arm Holdings at roughly $314 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 130 shares of ARM, decreasing its weighting to roughly 1% from 1.44%. We will be locking in more big gains in Arm following another huge rally. Shares of this chip designer rallied 46% last week, with roughly half the move coming after...
Shortly after the opening bell, we will be selling 55 shares of Arm Holdings at roughly $314 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 130 shares of ARM, decreasing its weighting to roughly 1% from 1.44%. We will be locking in more big gains in Arm following another huge rally. Shares of this chip designer rallied 46% last week, with roughly half the move coming after Nvidia said on its earnings call that its Arm-based Vera CPU has visibility into $20 billion in revenue this year. That's great forn Arm's royalty business. We wrote in Friday's HomeStretch about how we planned to handle this second parabolic move since we initiated an Arm position on April 20, roughly five weeks ago. Arm's recent outperformance has pushed its position weight in the Trust from 1% after last Monday's trim to around 1.45% as of Friday's close. By making another trim back to 1%, we can better manage the risk of this exponential move by bringing the position closer to our original weighting. It also allows us to raise cash to fund other purchases or to potentially buy back shares of Arm if the stock were to pull back. ARM 3M mountain Arm Holdings 3 months More broadly, we don't buy parabolic moves; we take profits. That's because stocks can fall just as quickly as they move higher. That may mean our sales won't come at the absolute highest prices, but letting them run would violate our discipline. From this trade, we will realize a big gain of around 80% on shares purchased in our April initiation. (Jim Cramer's Charitable Trust is long ARM, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLU...
TradingKey - As the May 27 (ET) earnings release date for Marvell Technology ( MRVL )'s fiscal Q1 2027 approaches, Wall Street investment banks are collectively signaling bullishness. Recently, Citigroup ( C ), Stifel ( SF ), Wells Fargo ( WFC) and several other institutions have frequently raised their price targets, with some reaching as high as $220, while consistently maintaining 'Buy' or 'Ove...
TradingKey - As the May 27 (ET) earnings release date for Marvell Technology ( MRVL )'s fiscal Q1 2027 approaches, Wall Street investment banks are collectively signaling bullishness. Recently, Citigroup ( C ), Stifel ( SF ), Wells Fargo ( WFC) and several other institutions have frequently raised their price targets, with some reaching as high as $220, while consistently maintaining 'Buy' or 'Overweight' ratings. The market generally believes that the explosion in demand for custom AI chips (ASIC), the acceleration of high-speed data center interconnect business, and the continued expansion of capital expenditures by hyperscale cloud customers will be the core logic supporting Marvell Technology's post-earnings share price upside. AI ASICs: A Deterministic Growth Engine in the Age of Inference The evolution of the generative AI boom is driving a shift in computing power demand from training-centric to inference-centric, a trend creating vast market space for AI ASIC chips. Compared to general-purpose GPUs, AI ASICs customized for specific workloads possess inherent advantages in key metrics such as cost per token, power consumption, and memory bandwidth utilization, making them a critical choice for cloud service providers to reduce AI deployment costs. As a pioneer in the AI ASIC field, Marvell Technology has deeply positioned itself within this track. The company is not only the core partner for Amazon's ( AMZN) AWS Trainium series AI chips, but also participated in Google's ( GOOGL) Axion ARM CPU design, Microsoft's ( MSFT) Maia AI accelerator development, and Meta's new data processing unit customization projects. Citi significantly raised the stock's price target from $118 to $215 on May 21, reiterating a "Buy" rating. The core logic lies in the sustained strong demand for Amazon's Trainium2 ASIC, prompting analysts to upwardly revise earnings forecasts and maintain a robustly optimistic outlook for the upcoming quarterly results. Following closely, Stifel rai...
Safepoint Holdings Inc. , an underwriter of specialty homeowners and commercial insurance, is seeking to raise as much as $283.3 million in an US initial public offering. The Tampa, Florida-based firm plans to market 6.2 million shares for $15 to $17 each, according to its filing Tuesday with the US Securities and Exchange Commission. At the top of that range, it would have a market value of $1.16...
Safepoint Holdings Inc. , an underwriter of specialty homeowners and commercial insurance, is seeking to raise as much as $283.3 million in an US initial public offering. The Tampa, Florida-based firm plans to market 6.2 million shares for $15 to $17 each, according to its filing Tuesday with the US Securities and Exchange Commission. At the top of that range, it would have a market value of $1.16 billion based on the outstanding shares listed in its filing. The insurer had net income of $48 million on revenue of $168 million for the first three months of the year, compared with net income of $16.6 million on revenue of $112.4 million in the corresponding period a year earlier, according to the filing. Founded in 2013, Safepoint focuses on insurance in coastal markets such as Florida and Louisiana, the filing shows. It owns an insurance company, Safepoint Insurance Co., and three Bermuda-based reinsurance captives. Safepoint has grown its business as competitors have retreated from US Gulf Coast markets. It has assumed policies from other private insurers and depopulation programs of state-sponsored insurers, and attracted new business, the filing shows. The company has increased gross written premiums to $927.2 million in 2025 from $188 million in 2021. Chief Executive Officer David Flitman ’s stake is expected to fall to 30.2% after the IPO from 33.2%, according to the filing. Chief Financial Officer Steven Hoffman will have 11.4%, down from 12.5%. The filing comes as the US IPO market is picking up. Listings have raised $28.8 billion on US exchanges this year, excluding blank-check companies and other financial vehicles, versus $12.4 billion in the same period a year ago, data compiled by Bloomberg show. Read More: Flurry of US IPOs Race to Tap Market Ahead of SpaceX Debut For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of ne...
Each week, new games and apps integrating NVIDIA DLSS, NVIDIA Reflex, and advanced ray-traced effects are released or announced, delivering the definitive PC experience for GeForce RTX players. Later today, step into the shoes of a young James Bond in the highly anticipated 007 First Light, featuring DLSS 4.5 Super Resolution and Dynamic Multi Frame Generation. World of Tanks: HEAT, a new free-to-...
Each week, new games and apps integrating NVIDIA DLSS, NVIDIA Reflex, and advanced ray-traced effects are released or announced, delivering the definitive PC experience for GeForce RTX players. Later today, step into the shoes of a young James Bond in the highly anticipated 007 First Light, featuring DLSS 4.5 Super Resolution and Dynamic Multi Frame Generation. World of Tanks: HEAT, a new free-to-play PvP hero-driven tank action game, launched earlier today, featuring support for DLSS. And tomorrow, Starminer enters Early Access, with DLSS and ray tracing, while Helldivers 2 adds support for DLSS 4.5 Super Resolution and NVIDIA Reflex. Read on to learn more.
Ferrari provided flights from Washington, DC, to Rome and accommodation so Ars could see the Luce. Ars does not accept paid editorial content. ROME—The arrival of any new Ferrari that isn't a two-seater is usually controversial, but the Luce might be the most divisive yet. It's Ferrari's first four-door sedan and first five-seater, but perhaps most importantly—especially for readers of Ars Technic...
Ferrari provided flights from Washington, DC, to Rome and accommodation so Ars could see the Luce. Ars does not accept paid editorial content. ROME—The arrival of any new Ferrari that isn't a two-seater is usually controversial, but the Luce might be the most divisive yet. It's Ferrari's first four-door sedan and first five-seater, but perhaps most importantly—especially for readers of Ars Technica—it's Ferrari's first-ever battery-electric vehicle. Each of those individually is probably anathema to some Ferrari fans, never mind all three together. But it's 2026, and the reality is that the manufacturer absolutely needs something emissions-free in its offerings for vitally important markets like China and Silicon Valley. And now, here it is. Like some legendary Ferraris of the past, the company chose to work with an outside design team for the Luce, in this case LoveFrom, helmed by Jony Ive and Marc Newson. Many will detect some hints of Apple in the car's design; more than one journalist said they could imagine it wearing that computer company's logo rather than the prancing horse shields that dot its exterior. But the almost cab-forward glasshouse perhaps calls to mind the Lotus Etna concept, with some Ferrari F90 (a one-off for the Sultan of Brunei) here and there, too. And the four round tail lights obviously reference '90s designs like the 360 and 550. Read full article Comments
SINGAPORE, May 26, 2026 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial and Operational Highlights Revenue increased 64% year-over-year to US$83.2 million, suppor...
SINGAPORE, May 26, 2026 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial and Operational Highlights Revenue increased 64% year-over-year to US$83.2 million, supported primarily by higher marine fuel trading volumes and expanded commercial activities. Gross profit increased 85% year-over-year to US$1.8 million. Gross profit margin improved to 2.2% in the first quarter of 2026 from 1.9% in the same period last year. Marine fuel volumes increased 58% year-over-year to over 140,000MT, reflecting increased commercial activities and customer engagements across key markets. First Quarter 2026 Financial Summary For the Three Months Ended March 31, 2026 2025 (Unaudited) (Unaudited) Revenue US$ 83,192,779 US$ 50,715,209 Gross profit 1,805,698 978,461 (Loss)/Income from Operations (231,798) 143,385 Net (loss)/income (376,087) 83,513 2026 Outlook Following a stronger-than-expected first quarter 2026 performance and improved visibility on commercial activities, the Company is increasing its full-year 2026 revenue guidance to a range of US$320 million to US$340 million up from its prior guidance of US$310 million to US$330 million. Management Commentary “We are encouraged by a promising start to 2026, which reflects the continued execution of our growth strategy,” said Mr. Koh Kuan Hua, Chief Executive Officer of Uni-Fuels. “During the quarter, we delivered year-over-year growth in revenue and marine fuel volumes, and improved gross margins. Operational performance remained strong, although quarterly results were impacted by a net loss primarily attributable to corporate communication expenses incurred during the period. We remain focused on building on this momentum through disciplined execution of our growth initiatives, driving consistent perfo...