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Former Google DeepMind researcher Andrew Dai believes that the artificial intelligence models at big labs have the intelligence of a 3-year-old kid, at least when it comes to making sense of visual prompts. So he’s co-founding a research startup to bring an adult into the proverbial room. The company, Elorian, is building AI that can better understand the imagery in the world around it. The breakt...
Former Google DeepMind researcher Andrew Dai believes that the artificial intelligence models at big labs have the intelligence of a 3-year-old kid, at least when it comes to making sense of visual prompts. So he’s co-founding a research startup to bring an adult into the proverbial room. The company, Elorian, is building AI that can better understand the imagery in the world around it. The breakthroughs could speed the deployment of AI in industries such as architecture, the automotive market and robotics, Dai said. Elorian is emerging from stealth mode on Thursday with $55 million in funding and a $300 million valuation. The Palo Alto, California-based startup, which has hired more than a dozen people, is working on building better-reasoning visual models. Investors include Striker Venture Partners, Menlo Ventures and Altimeter Capital, with participation from Nvidia Corp. and prominent AI researcher Jeff Dean. The round was raised in two tranches, with the first capital coming in at a $120 million valuation and the second portion raised at a $300 million level, according to a spokesperson for Elorian. The Information previously reported on some details of the company’s fundraising efforts. Though the startup isn’t yet generating revenue, it is having discussions with potential customers and plans to release its first publicly available reasoning model in approximately the next 12 months, Dai said. Elorian’s other co-founders are Yinfei Yang, who worked on AI research efforts at both Google and Apple, and Seth Neel, a former Harvard professor who researched data and artificial intelligence. Elorian’s pitch: In order to help AI understand the world around it, the tech industry needs to build models designed specifically for that purpose. Despite the billions of dollars that companies such as Google and OpenAI have poured into building massive AI models, the tools still do a poor job of, say, visually analyzing satellite imagery or answering questions about what an ...
chaofann/iStock via Getty Images Showcase Intro In March, we welcomed 21 new analysts who published their first-ever article on Seeking Alpha. In this article, our editors highlight some of the best ideas from these new analysts and introduce them. The first five introductions are spotlight features, including a longer excerpt from the analyst's article. The rest of the new analysts will be introd...
chaofann/iStock via Getty Images Showcase Intro In March, we welcomed 21 new analysts who published their first-ever article on Seeking Alpha. In this article, our editors highlight some of the best ideas from these new analysts and introduce them. The first five introductions are spotlight features, including a longer excerpt from the analyst's article. The rest of the new analysts will be introduced after these with a more brief excerpt and are generally organized by rating from Strong Sell to Strong Buy . Each section includes details about the new analysts' interests and backgrounds, so you can get to know them a bit more. With all the ideas and information shared in this article, we'd invite you to join the conversation and let others know what you think: are any of these picks worth following up on ? To our new analysts: welcome to the community ! And please don't hesitate to share more in the comments to introduce yourself to our readers. Top Stock Picks From Seeking Alpha's New Analysts Elina Selianska | British American Tobacco: The Ideal Defensive Asset With A 12x P/E Biography: “I am a private investor with 10 years of experience in the stock market. Before opening a trade, I am interested in knowing what management is doing right now to capture the markets of the future. Multipliers, balances, and charts are secondary—they should only confirm the fundamental idea, not dictate it. I write on Seeking Alpha to share exactly this approach: helping readers see the real business behind dry numbers and evaluate its future potential. ” Buy | “ British American Tobacco ( BTI ) offers deep value, trading at a forward P/E of ~12x with a 5-6% dividend yield, despite robust cash flows. BTI's revenue and margins remain stable, with gross margins near 82% and FCF yield above 10%, underpinned by resilient global demand and pricing power. Transition to 'digital nicotine' (vapes, heated tobacco) offsets declining cigarette sales; BTI is closing the innovation gap with Phi...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The EU’s top economy official warned today that the bloc still faces the threat of stagflation despite the temporary ceasefire in Iran. Speaking to a committee in the European Parliament, Economy Commissioner Valdis Dombrovskis raised...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . The EU’s top economy official warned today that the bloc still faces the threat of stagflation despite the temporary ceasefire in Iran. Speaking to a committee in the European Parliament, Economy Commissioner Valdis Dombrovskis raised the specter of low growth and higher inflation, predicting that GDP could be 0.6 percentage points lower and inflation as much as 1.5 percentage points higher this year and next. How to respond remains contentious. Following a request by five member states for a tax on the windfall profits that energy companies make due to price spikes, Dombrovskis said the Commission was looking into a more coordinated approach. Such an approach is “currently being assessed” and “remains a possibility,” he told lawmakers. The comments come as countries across Europe grapple with high energy costs. Protests against fuel prices have brought gridlock to cities in Ireland , France has introduced a new loan program for small businesses, while Italy has cut excise duty on fuel. Dombrovskis warned today that any measures, which include taxes on energy, “need to be temporary and targeted.” With France burdened with a persistently high deficit and Italy struggling with debt, any moves that would jeopardize the health of public finances is being closely watched in Brussels. French Finance Minister Roland Lescure said today that the government still intends to keep the deficit within its target of 5% of economic output. Figures on Friday showed that Italy’s budget shortfall reached 3.1% of GDP last year, breaching the EU’s limit. Italian Finance Minister Giancarlo Giorgetti said it was “inevitable” that the EU revises the 3% deficit ceiling on member countries. But asked today, Dombrovskis said that a condition for activating the stability and growth pact’s general escape clause — which allows count...
In this article NVDA INTC TSM GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Intel Xeon 6 processors are shown to CNBC at Intel's advanced packaging facility in Chanfler, Ariona, on November 17, 2025. Tony Puyol Google has committed to using multiple generations of Intel central processing units in its artificial intelligence data centers, an expansion of an existing partnership. The intern...
In this article NVDA INTC TSM GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Intel Xeon 6 processors are shown to CNBC at Intel's advanced packaging facility in Chanfler, Ariona, on November 17, 2025. Tony Puyol Google has committed to using multiple generations of Intel central processing units in its artificial intelligence data centers, an expansion of an existing partnership. The internet giant has long relied on Intel processors, dating back to its earliest server rack ambitions nearly three decades ago. Intel's newest Xeon 6 CPUs will now run AI training and inference workloads, potentially giving the chipmaker a stronger position in an AI market that's so far been dominated by Nvidia . "Their Xeon roadmap gives us confidence that we can continue to meet the growing performance and efficiency demands of our workloads," Amin Vahdat, Google's chief technologist for AI infrastructure, said in a statement Thursday. No financial terms were disclosed, nor did the companies provide a timeline for the agreement. The deal lands as the CPU takes center stage in the next phase of the AI race. Dion Harris, Nvidia 's head of AI infrastructure, told CNBC in March that CPUs are "becoming the bottleneck" as agentic workloads move compute needs beyond the graphics processing units that have ruled AI thus far. "Scaling AI requires more than accelerators — it requires balanced systems," Intel CEO Lip-Bu Tan said in a statement about the Google deal on Thursday. Intel, which has been struggling for years to keep pace with new trends in technology, sold a 10% stake to the U.S. government in August, with the Trump administration touting the chipmaker's ability to make advanced chips on U.S. soil. The following month, Nvidia said it would purchase a $5 billion stake in Intel. Shares of Intel have nearly tripled in the past year, fueled by those investments. Intel makes the latest Xeon processor on its most advanced 18A technology at its Arizona chip fabrication plant that ope...
In this article AAL Follow your favorite stocks CREATE FREE ACCOUNT An American Airlines plane is parked at a gate at the LaGuardia Airport in New York City, U.S., Nov. 18, 2025. Kylie Cooper | Reuters American Airlines joined other airlines in raising its bag fees Thursday, but the luggage will be even more expensive for customers who buy basic economy tickets. United Airlines , JetBlue Airways ,...
In this article AAL Follow your favorite stocks CREATE FREE ACCOUNT An American Airlines plane is parked at a gate at the LaGuardia Airport in New York City, U.S., Nov. 18, 2025. Kylie Cooper | Reuters American Airlines joined other airlines in raising its bag fees Thursday, but the luggage will be even more expensive for customers who buy basic economy tickets. United Airlines , JetBlue Airways , Delta Air Lines and Southwest Airlines have all hiked the fee to check a bag in the past two weeks as the industry grapples with a jump in jet fuel expenses from the war in the Middle East. American is raising the cost more for its no-frills option, while the other airlines had across-the-board increases. The airline will increase the fee by $10 to check a first piece of luggage at the airport on domestic or short-haul international flights starting with tickets booked Thursday. That brings the price for one bag to $50, and a second bag will cost $60 for most tickets. There's a $5 discount for checking a bag on American's website or app, making the prices $45 and $55, respectively. Customers with a basic economy ticket, meanwhile, will have to pay $55 for their first checked bag and $65 for a second bag starting with tickets purchased on May 18. The $5 online discount also applies to those fees, bringing the prices to $50 and $60, respectively, for those who pay in advance. Airline executives have said travel demand is still high, but it's not clear that carriers will be able to cover the entirety of the fuel price run-up . The effective closure of the Strait of Hormuz is choking off supplies of both crude and refined products like jet fuel, further driving up the price. Jet fuel is airlines' second-biggest cost, coming after labor. Meanwhile, airlines have been leaning into premium offerings and making their basic options more restrictive as the growth from higher-end options outpaces sales from regular economy. American has fallen behind large rivals Delta and United in ...
In recent months, some cities have sought a new recruit in their forever war against potholes: Waymo. Municipal officials in multiple cities where Waymo operates have reached out to the robotaxi operator for help in locating potholes on their streets, assuming that Waymo kept such data. Fortunately for them, Waymo does, and it has recently decided to launch a pilot program, along with Google's Waz...
In recent months, some cities have sought a new recruit in their forever war against potholes: Waymo. Municipal officials in multiple cities where Waymo operates have reached out to the robotaxi operator for help in locating potholes on their streets, assuming that Waymo kept such data. Fortunately for them, Waymo does, and it has recently decided to launch a pilot program, along with Google's Waze, to share its pothole data with city officials. The mission is to make city streets safer to drive, which is desirable for both human and robot drivers. And it could help Waymo's broader effort to build positive relationships with cities, espec … Read the full story at The Verge.
There's an intriguing new video game adaptation to watch in theaters - and no, it's not that one . Exit 8 , based on the game of the same name, hits the big screen on April 10th, and it's part of a burgeoning trend of horror movies directly inspired by indie games and liminal scares on YouTube. (See: the surprise success of Iron Lung and the upcoming Backrooms feature .) It's also the rare adaptat...
There's an intriguing new video game adaptation to watch in theaters - and no, it's not that one . Exit 8 , based on the game of the same name, hits the big screen on April 10th, and it's part of a burgeoning trend of horror movies directly inspired by indie games and liminal scares on YouTube. (See: the surprise success of Iron Lung and the upcoming Backrooms feature .) It's also the rare adaptation where I'd highly recommend playing the game before seeing the movie. Doing so makes the surreal experience of the film into something even stranger, and the good news is playing the game is a very easy thing to do. The game is a curious project to … Read the full story at The Verge.
Getty Images It's official. Nvidia Corporation ( NVDA ) is by far the best investment bet I've ever made, at least in % terms. Buying NVDA stock for the first time in 2023 and then adding shares during pullbacks worked like a magic. Nvidia's shares are up 88% in a span of last 12 months and up 10.2x in last five years, supported by strong revenue growth and high profitability as AI infrastructure ...
Getty Images It's official. Nvidia Corporation ( NVDA ) is by far the best investment bet I've ever made, at least in % terms. Buying NVDA stock for the first time in 2023 and then adding shares during pullbacks worked like a magic. Nvidia's shares are up 88% in a span of last 12 months and up 10.2x in last five years, supported by strong revenue growth and high profitability as AI infrastructure spending isn't just booming, but its accelerating. In 2025, 4 Big Tech firms spent combined ≈$415B on AI infrastructure. In 2026 those same 4 firms are planning to spend as much as $630B. And, that's just few firms of many. Nvidia is forecasting AI infrastructure spending may by 2030 reach $3-4T. A massive opportunity. It isn't only Nvidia who will benefit from this ballooning spending, but its the main beneficiary with leading AI chips, such as Blackwell and Vera Rubin. Nvidia's EPS grew by 60% in 2026 and is expected to grow by another 71% in 2027 as it's margins stay very high and revenue growth isn't slowing down (despite the gravity of large numbers). It's priced at a blended P/E of 33.25x. Or 12M forward P/E of just 21x. If you ask me, this is a deep value territory given the quality of the firm, the innovative edge and the size of the opportunity. As margin of safety improved from my last coverage early in the year, let's look at the firm again. Data by YCharts Previous Coverage In my last coverage from January 2026, titled: Nvidia: Ready To Outperform In 2026 - Again (Rating Upgrade), I've looked in-depth into Nvidia's strong Q3 FY26 earnings and the overall AI spending. Back then, U.S. generative AI spending was making up ≈1.00-1.50% of U.S. GDP, which equaled to around $300-450B of AI-related spending in 2025 alone. Bloomberg back then reported the U.S. tech Hyperscalers were alone planning to spend as much as $3T by 2029. By my estimates that was around 8-10% of U.S. GDP spread across 6 years. A massive boost to the economy. By all measures, there weren't any ind...
Visionary product leader joins to help shape the future of identity security and innovation in the age of agentic AIAUSTIN, Texas, April 09, 2026 (GLOBE NEWSWIRE) -- SailPoint, Inc. (Nasdaq: SAIL), a leader in enterprise identity security, is pleased to announce the appointment of Levent Besik as its Chief Product Officer (CPO). In this pivotal role, Levent will lead SailPoint’s product organizati...
Visionary product leader joins to help shape the future of identity security and innovation in the age of agentic AIAUSTIN, Texas, April 09, 2026 (GLOBE NEWSWIRE) -- SailPoint, Inc. (Nasdaq: SAIL), a leader in enterprise identity security, is pleased to announce the appointment of Levent Besik as its Chief Product Officer (CPO). In this pivotal role, Levent will lead SailPoint’s product organization reporting to EVP of Product and CTO Chandra Gnanasambandam, driving innovation, accelerating grow
NEW YORK, April 09, 2026--Yobi, the leading behavioral AI company, today announced a strategic partnership with Microsoft to unlock predictive consumer intelligence for U.S. enterprises. Built on the Microsoft Azure cloud computing platform, Yobi has compiled the largest consented consumer database in the U.S., helping organizations ethically access vast behavioral datasets to develop predictive A...
NEW YORK, April 09, 2026--Yobi, the leading behavioral AI company, today announced a strategic partnership with Microsoft to unlock predictive consumer intelligence for U.S. enterprises. Built on the Microsoft Azure cloud computing platform, Yobi has compiled the largest consented consumer database in the U.S., helping organizations ethically access vast behavioral datasets to develop predictive AI models without compromising consumer privacy.
Built by a veteran security team and led by a former Google and Mandiant executive, Mallory delivers intelligence that drives action for enterprise security teams. AUSTIN, Texas, April 09, 2026 (GLOBE NEWSWIRE) -- Mallory is launching a AI-native threat intelligence platform, purpose-built to answer the questions CISOs and their teams are asking every day: What are the real threat vectors for our ...
Built by a veteran security team and led by a former Google and Mandiant executive, Mallory delivers intelligence that drives action for enterprise security teams. AUSTIN, Texas, April 09, 2026 (GLOBE NEWSWIRE) -- Mallory is launching a AI-native threat intelligence platform, purpose-built to answer the questions CISOs and their teams are asking every day: What are the real threat vectors for our organization?What’s actually exploitable in our environment right now?What should we proactively fix
Bank of America Corp. and Citigroup Inc. have sold down a multi-billion dollar bridge loan backing Paramount Skydance Corp. ’s takeover of Warner Bros. Discovery Inc. to a wider group of banks, a key step in one of the biggest M&A financings of the year. Eighteen lenders have bought a piece of the $49 billion debt, according to a filing Thursday. The financing, provided by BofA, Citigroup and Apol...
Bank of America Corp. and Citigroup Inc. have sold down a multi-billion dollar bridge loan backing Paramount Skydance Corp. ’s takeover of Warner Bros. Discovery Inc. to a wider group of banks, a key step in one of the biggest M&A financings of the year. Eighteen lenders have bought a piece of the $49 billion debt, according to a filing Thursday. The financing, provided by BofA, Citigroup and Apollo Global Management Inc. , was originally sized at $54 billion. A separate $3.5 billion one-year credit facility has been dropped, the filing shows. Deutsche Bank AG and Wells Fargo & Co. are among the new lenders in the permanent debt, which consists of two loans of $2.5 billion with three and five-year maturities, and a five-year $5 billion revolving facility. The debt syndication and new facilities are another milestone toward the completion of the acquisition, after the entertainment company entered into equity syndication agreements with Gulf funds earlier this week. Bridge loans plug immediate financing gaps and are commonly used by companies preparing buyout bids. They’re typically replaced weeks or months later by more permanent debt, often spread among more lenders. While short-lived, the loans allow banks to build relationships with companies to win higher-paying mandates down the road. Debt Sales The company plans to later refinance the bridge with a combination of investment-grade and junk debt — a step that may prove challenging if markets remain volatile. Read More: Paramount’s $57.5 Billion of Warner Debt to Mix Junk, High Grade Wall Street banks had to make multiple changes to offload other big financings for the buyouts of video-game maker Electronic Arts Inc. and for packaging firm Sealed Air Corp. amid a selloff in credit as the Middle East war broke out. A rally in financial markets fizzled out Thursday amid doubts a two-week US-Iran ceasefire will hold. Borrowers typically opt for either investment-grade or junk debt to finance buyouts, instead of a co...
8fig has expanded its support for e-commerce businesses by now offering funding to sellers operating on Temu, adding to the platforms it already serves, including Amazon and Shopify.
8fig has expanded its support for e-commerce businesses by now offering funding to sellers operating on Temu, adding to the platforms it already serves, including Amazon and Shopify.
Getty Images It's official. Nvidia Corporation ( NVDA ) is by far the best investment bet I've ever made, at least in % terms. Buying NVDA stock for the first time in 2023 and then adding shares during pullbacks worked like a magic. Nvidia's shares are up 88% in a span of last 12 months and up 10.2x in last five years, supported by strong revenue growth and high profitability as AI infrastructure ...
Getty Images It's official. Nvidia Corporation ( NVDA ) is by far the best investment bet I've ever made, at least in % terms. Buying NVDA stock for the first time in 2023 and then adding shares during pullbacks worked like a magic. Nvidia's shares are up 88% in a span of last 12 months and up 10.2x in last five years, supported by strong revenue growth and high profitability as AI infrastructure spending isn't just booming, but its accelerating. In 2025, 4 Big Tech firms spent combined ≈$415B on AI infrastructure. In 2026 those same 4 firms are planning to spend as much as $630B. And, that's just few firms of many. Nvidia is forecasting AI infrastructure spending may by 2030 reach $3-4T. A massive opportunity. It isn't only Nvidia who will benefit from this ballooning spending, but its the main beneficiary with leading AI chips, such as Blackwell and Vera Rubin. Nvidia's EPS grew by 60% in 2026 and is expected to grow by another 71% in 2027 as it's margins stay very high and revenue growth isn't slowing down (despite the gravity of large numbers). It's priced at a blended P/E of 33.25x. Or 12M forward P/E of just 21x. If you ask me, this is a deep value territory given the quality of the firm, the innovative edge and the size of the opportunity. As margin of safety improved from my last coverage early in the year, let's look at the firm again. Data by YCharts Previous Coverage In my last coverage from January 2026, titled: Nvidia: Ready To Outperform In 2026 - Again (Rating Upgrade), I've looked in-depth into Nvidia's strong Q3 FY26 earnings and the overall AI spending. Back then, U.S. generative AI spending was making up ≈1.00-1.50% of U.S. GDP, which equaled to around $300-450B of AI-related spending in 2025 alone. Bloomberg back then reported the U.S. tech Hyperscalers were alone planning to spend as much as $3T by 2029. By my estimates that was around 8-10% of U.S. GDP spread across 6 years. A massive boost to the economy. By all measures, there weren't any ind...
Getty Images Investment Thesis Abbott Laboratories appears to be trading for an attractive discount at this time, while offering a return potential north of 15%. The company recently closed a large acquisition that should drive strong growth moving forward, as well as complement the company's core business. Previous Coverage I last reviewed Abbott Laboratories ( ABT ) earlier this year just before...
Getty Images Investment Thesis Abbott Laboratories appears to be trading for an attractive discount at this time, while offering a return potential north of 15%. The company recently closed a large acquisition that should drive strong growth moving forward, as well as complement the company's core business. Previous Coverage I last reviewed Abbott Laboratories ( ABT ) earlier this year just before their Q4 2025 earnings call, and at that time the stock was trading for about $121 per share. The stock has struggled mightily since my previous coverage, dropping more than 16% over the past few months. At that time, I rated the stock a HOLD, as the estimated return potential was below my typical threshold, and I wanted to get more clarity from management on the Exact Sciences deal (potential hurdles, etc.). As can be seen on the chart below, ABT has underperformed the broad market, as measured by the SPDR S&P 500 ETF Trust ( SPY ), by a considerable margin. With ABT ready to announce their Q1 2026 soon, I thought now would be a good time to review their last earnings release, as well as, discuss what investors should look for during the next earnings call. We'll also update the company's estimated fair value based on refreshed free cash flow numbers. Data by YCharts Q4 2025 Earnings & Q1 2026 Projections In mid-January of this year, Abbott announced their Q4 2025 and full-year earnings results. Looking at the quarter first, non-GAAP earnings per share came in at $1.50, slightly above estimates, with revenue rising 4.5% YoY to $11.46B, but missing the consensus by more than $300M. FY25 results were non-GAAP earnings per share of $5.15, equating to 10% YoY growth, while revenue was just over $44B, leading to growth of nearly 7% relative to FY24. Beginning with the Nutritional segment, sales for the quarter came in at $1.94B, a decline of almost 9%, with a more significant decrease coming from Pediatric products (down almost 10%), although Adult products also dipped more th...
Kirillm/iStock Editorial via Getty Images Airline share shave strongly rebounded following the announcement of the ceasefire. The US Global Jets ETF gained 5.7% and now trades 8% below the pre-war price. While the surge in the share prices of airline stocks is understandable, we note that there still are several pressing items that could have an impact on airline profitability. In this report, I w...
Kirillm/iStock Editorial via Getty Images Airline share shave strongly rebounded following the announcement of the ceasefire. The US Global Jets ETF gained 5.7% and now trades 8% below the pre-war price. While the surge in the share prices of airline stocks is understandable, we note that there still are several pressing items that could have an impact on airline profitability. In this report, I will discuss their impacts. For this report, The Aerospace Forum has developed a model that keeps the following impacts in mind: GDP growth impact Inflation Oil prices Crack spreads Baggage Fees Fare Hikes with and without elasticity Initial Estimates For The Assessed Airlines The Aerospace Forum Coming up with a model is not easy for the simple reason that there are many inputs that need to be kept in mind. The starting point of this analysis it the initial estimates and from there we assess the impact of various components. For 2026, I initially expected nearly $228 billion in revenues for the airlines in my assessment which are Delta Airlines ( DAL ), United Airlines ( UAL ), American Airlines ( AAL ), jetBlue ( JBLU ) and Southwest Airlines ( LUV ). The expected EBITDA was $29.4 billion bringing the margins to 12.9% with free cash flow of $6.75 billion and free cash flow margins of 3% as many airlines are going through a CapEx heavy phase. GDP Impact Moderate, But Inflation Impact Is More Severe The Aerospace Forum What the GDP impact will be has yet to crystalize, but I am currently using a GDP impact of 1.26 points. That GDP impact is projected as the impact from the start of the war until the end of the year where we also take into account the varying regional exposures for each airline. We see that the impact on revenues is marginal with a 0.4% decline in expected revenues and a 1.2% decline in EBITDA or a 10-basis point margin headwind and a 4.9% reduction in free cash flow if we keep capital expenditures constant. The relatively low impact to revenues is primarily ...
Getty Images By Ewa Manthey , Commodities Strategist | Warren Patterson , Head of Commodities Strategy Energy – Oil rebounds amid Hormuz uncertainty Oil prices rebounded on Thursday after suffering their sharpest daily drop since April 2020, with ICE Brent rising more than 3% to trade back above USD 97/bbl. Prices rebounded as fighting in the Middle East continued, and the ceasefire outlook deteri...
Getty Images By Ewa Manthey , Commodities Strategist | Warren Patterson , Head of Commodities Strategy Energy – Oil rebounds amid Hormuz uncertainty Oil prices rebounded on Thursday after suffering their sharpest daily drop since April 2020, with ICE Brent rising more than 3% to trade back above USD 97/bbl. Prices rebounded as fighting in the Middle East continued, and the ceasefire outlook deteriorated, keeping uncertainty around the Strait of Hormuz firmly in focus. Optimism over the ceasefire faded after Tehran said several terms of the agreement had been breached. Israel has launched its largest assault on Lebanon since the start of its invasion, while President Donald Trump said the US military would “remain in place in, and around Iran, until such time as the real agreement reached is fully complied with.” An Iranian delegation is due to arrive in Islamabad on Thursday night. Oil tanker traffic through the Strait of Hormuz has been halted, heightening supply risks. With a full reopening of the strait unlikely in the near term, oil prices are expected to remain supported, as disruptions linked to reduced output and refinery shutdowns will take time to unwind. US inventory data was mixed. The EIA reported that crude stocks rose by 3.1m barrels last week, marking a seventh consecutive build and well above expectations for a 0.76m barrel increase. Total crude inventories reached 464.7m barrels, the highest level since June 2023, and stand around 2% above the five-year average. Stocks at Cushing edged up by 24k barrels to 31.5m barrels. Crude imports fell by 130k b/d to 6.3m b/d, while exports jumped by 628k b/d to 4.1m b/d. In refined products, gasoline stocks fell by 1.6m barrels for an eighth consecutive week, while distillate inventories declined by 3.1m barrels, extending drawdowns into a second week and exceeding market expectations. Meanwhile, European gas prices posted their steepest daily fall in more than two years. TTF futures dropped over 20% to an intr...
Intel Corp. , trying to promote the use of its technology in data centers, said Alphabet Inc. ’s Google has committed to using future generations of its Xeon processors and other chips. As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel’s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage...
Intel Corp. , trying to promote the use of its technology in data centers, said Alphabet Inc. ’s Google has committed to using future generations of its Xeon processors and other chips. As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel’s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage. The companies didn’t disclose financial details or purchase commitments. The deal is part of a push by Intel to better capitalize on the build-out of artificial intelligence infrastructure. Getting a bigger slice of data center spending is critical to a comeback bid under Chief Executive Officer Lip-Bu Tan . Xeon once commanded a market share of more than 99%, making it the chief source of profit for what was then the world’s largest semiconductor maker. In the last few years, Intel has lost ground to rivals such as Advanced Micro Devices Inc. and in-house efforts by customers — including Google. One trend is working in Intel’s favor: Central processing units, its hallmark product, are increasingly seen as critical to artificial intelligence computing. Though Nvidia Corp. ’s AI processors are still the workhorses of this infrastructure, there’s growing demand for general-purpose CPUs to help everything run smoothly. CPUs can help orchestrate the training of AI systems and handle inference — the stage where models are put into use — according to Amin Vahdat , senior vice president and chief technologist of AI infrastructure at Google. “Intel has been a trusted partner for nearly two decades, and their Xeon road map gives us confidence that we can continue to meet the growing performance and efficiency demands of our workloads,” he said in the statement. The two companies said their collaboration will enable “a more balanced approach to AI system design — one that improves utilization, reduces complexity and scales more efficiently.”
Chip startup SiFive Inc. received $400 million in funding from a group of investors led by Atreides Management , money the company plans to use to get a bigger foothold in AI data centers. Nvidia Corp. , Apollo Global Management and Point72 also participated in the fundraising, which valued SiFive at $3.65 billion, according to a statement Thursday. The round was oversubscribed, meaning the startu...
Chip startup SiFive Inc. received $400 million in funding from a group of investors led by Atreides Management , money the company plans to use to get a bigger foothold in AI data centers. Nvidia Corp. , Apollo Global Management and Point72 also participated in the fundraising, which valued SiFive at $3.65 billion, according to a statement Thursday. The round was oversubscribed, meaning the startup was offered more money than it ultimately raised. SiFive, which uses a chip technology standard called RISC-V, is part of a group of upstarts trying to break into a lucrative market dominated by Nvidia. Data centers rely on that company’s AI accelerators to develop and run artificial intelligence models. But there’s a growing demand for alternatives. SiFive aims to sell technology that can be rapidly turned into microprocessors by companies trying to build their own components. So-called hyperscalers — the world’s largest data center operators — currently develop in-house processors using designs from Arm Holdings Plc . The RISC-V standard would offer a rival option. But so far, this technology is mainly used in less sophisticated components, rather than powerful microprocessors or AI accelerators. SiFive sees that changing. “Hyperscale customers have made it very clear that it is time to accelerate the availability of open standard alternatives for the data center,” Chief Executive Officer Patrick Little said in the statement. That company is hoping to exploit a growing trend: While Nvidia’s accelerators are still at the center of most AI machinery, there’s an increasing interest in using more generalist microprocessors. The idea is to tap central processing units, or CPUs, to handle more AI tasks — especially ones occurring after the complex models have been trained. Nvidia is offering a new version of its CPU as a standalone product for the first time. And Arm is rolling out this kind of chip as well. Veteran CPU sellers Intel Corp. and Advanced Micro Devices Inc. , me...
SANTA CLARA, Calif., April 09, 2026--SiFive, the gold standard for RISC-V processor IP, today announced it has raised $400 million in an oversubscribed Series G financing to accelerate its high-performance data center roadmap. This equity funding round was led by Atreides Management with other A-list investors* including Apollo Global Management, NVIDIA, Point72 Turion, and T. Rowe Price Investmen...
SANTA CLARA, Calif., April 09, 2026--SiFive, the gold standard for RISC-V processor IP, today announced it has raised $400 million in an oversubscribed Series G financing to accelerate its high-performance data center roadmap. This equity funding round was led by Atreides Management with other A-list investors* including Apollo Global Management, NVIDIA, Point72 Turion, and T. Rowe Price Investment Management, Inc., alongside repeat investors Prosperity7 Ventures, and Sutter Hill Ventures. The f
The stock market continues to be on shaky ground. Despite repeated all-time highs in the last 12 months, the S&P 500 is down 5% from its all-time highs and dipped more than 3% in the last month. Concerns over the Iran war, rising fuel prices, and a volatile labor market are taking a toll on the market. But remember, this isn't uncharted territory. The market ebbs and flows, even dipping into corre...
The stock market continues to be on shaky ground. Despite repeated all-time highs in the last 12 months, the S&P 500 is down 5% from its all-time highs and dipped more than 3% in the last month. Concerns over the Iran war, rising fuel prices, and a volatile labor market are taking a toll on the market. But remember, this isn't uncharted territory. The market ebbs and flows, even dipping into correction territory on average every one to two years or so. The stock market doesn't stay down for long. The benchmark index is up 222% in the last 10 years -- and if investors pull their funds out of the stock market every time it dips, they lose the opportunity to benefit from the inevitable bounce. Image source: Getty Images. Continue reading