About 4.3% of America’s workforce is unemployed today, based on the BLS April data. That is about six million people. Credible estimates of AI job destruction range from 11 million by Goldman Sachs to 19 billion by Tufts/Digital Planet. At this high end, 15% of America’s workforce would be out of work, including the 4.3%. ... What Happens When AI Takes 15 Million American Jobs ?
About 4.3% of America’s workforce is unemployed today, based on the BLS April data. That is about six million people. Credible estimates of AI job destruction range from 11 million by Goldman Sachs to 19 billion by Tufts/Digital Planet. At this high end, 15% of America’s workforce would be out of work, including the 4.3%. ... What Happens When AI Takes 15 Million American Jobs ?
(RTTNews) - Micron Technology (MU) shares jumped on Tuesday, and pushed the U.S. memory chipmaker past the $1 trillion market capitalization threshold. Today, the stock opened at $820.50 and climbed upto $891.27 and currently trading at $885.39, up 135.75 percent or 18.04 percent. The previous closing was at $751.00. The AI rally has helped the company to scale higher. From a mid-300 range in the ...
(RTTNews) - Micron Technology (MU) shares jumped on Tuesday, and pushed the U.S. memory chipmaker past the $1 trillion market capitalization threshold. Today, the stock opened at $820.50 and climbed upto $891.27 and currently trading at $885.39, up 135.75 percent or 18.04 percent. The previous closing was at $751.00. The AI rally has helped the company to scale higher. From a mid-300 range in the first week of April, the shares have been on a upsurge. On Friday, President Donald Trump had praised Micron and its plan to invest $200 billion in the US. The high level political remarks coupled with recent upgrade by analysts had definitely helped the company to reach the trillion valuation. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points Workday has been one of the hardest-hit SaaS names. However, the company has continued to lean into AI and generate solid growth. 10 stocks we like better than Workday › Workday (NASDAQ: WDAY) has arguably been the poster child of the software-as-a-service (SaaS) sell-off. A leader in financial and human capital management software, the company is at the intersection of multiple bearish...
Key Points Workday has been one of the hardest-hit SaaS names. However, the company has continued to lean into AI and generate solid growth. 10 stocks we like better than Workday › Workday (NASDAQ: WDAY) has arguably been the poster child of the software-as-a-service (SaaS) sell-off. A leader in financial and human capital management software, the company is at the intersection of multiple bearish arguments. Not only does it operate a software platform that has the potential to be disrupted by artificial intelligence (why does an organization need Workday if an AI agent can handle expenses and payroll through an AI model API?), but its seat-based software is also directly tied to enterprise hiring. That's a triple whammy. Given the headwinds in the SaaS sector, Workday has been one of the hardest-hit stocks, with its shares more than halved over the past year. However, the stock popped more than 5% last Friday (May 22) after the company reported another solid quarter of revenue growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Let's take a closer look at Workday's results and prospects to see if the stock can continue to rally. Solid growth continues at Workday Despite a tough hiring environment, Workday continues to produce solid growth, led by AI product adoption. In the first quarter, its new annual account value (AAV) from its agentic AI products surged 200% year over year, and it's nearing $500 million in annual recurring revenue from those offerings. The company's Flex Credit pricing model is starting to gain traction, helping support AI adoption among its customers and simplifying monetization. This helped Workday grow its overall Q1 revenue by 13.5% year over year to $2.54 billion, with subscription revenue rising by more than 14% to $2.35 billion. Adjusted earnings per share (EPS) c...
UBS analyst Timothy Arcuri tripled his Micron price target, citing long-term supply agreements and AI-driven demand for high-bandwidth memory. May. 26, 2026 UBS just tripled its price target on Micron Technology. Analyst Timothy Arcuri raised his target to $1,625 from a previous $535, maintaining a Buy rating on the memory chip giant. Shares jumped more than 16% on Tuesday morning, with the stock ...
UBS analyst Timothy Arcuri tripled his Micron price target, citing long-term supply agreements and AI-driven demand for high-bandwidth memory. May. 26, 2026 UBS just tripled its price target on Micron Technology. Analyst Timothy Arcuri raised his target to $1,625 from a previous $535, maintaining a Buy rating on the memory chip giant. Shares jumped more than 16% on Tuesday morning, with the stock reaching a new all time high near $872. What’s behind the massive target hike Micron makes the DRAM and NAND memory chips that power everything from phones to the massive GPU clusters training the next generation of AI models. High-bandwidth memory, or HBM, has become the bottleneck component in advanced computing workloads. Micron is one of only three companies on earth that can manufacture it at scale. Arcuri’s thesis centers on the expected rise of long-term supply agreements. Instead of Micron selling memory chips on the spot market where prices swing wildly quarter to quarter, major customers are locking in multi-year deals. That changes the entire earnings profile: predictable revenue, better margins, less cyclical pain. Advertisement The new $1,625 target implies more than 100% upside from Micron’s recent trading levels near $798. At that valuation, Arcuri is pricing the stock at roughly 15x next-12-month earnings, which he argues compares favorably to NVIDIA’s multiple. UBS had a $450 target back in February 2026, then bumped it to $535 in April. The jump to $1,625 suggests something fundamentally changed in the demand picture between April and now. The memory super-cycle thesis Micron reported fiscal second quarter revenue of about $23.9 billion, up 196% year over year, marking its fourth consecutive quarterly revenue record. The scale of that acceleration appears to have prompted a reassessment of the company’s earnings trajectory, with Arcuri revising his model to reflect stronger demand and improved pricing across the memory market. What this means for investors...
The flyers for his shows often called the saxophonist Sonny Rollins “the greatest living improviser”. On the face of it, that statement appeared to collide with the evidence, because many of the elements of a Rollins gig were repeated from one show to another. But you had to listen beyond the themes of favourite Rollins vehicles such as St Thomas, Don’t Stop the Carnival and A Nightingale Sang in ...
The flyers for his shows often called the saxophonist Sonny Rollins “the greatest living improviser”. On the face of it, that statement appeared to collide with the evidence, because many of the elements of a Rollins gig were repeated from one show to another. But you had to listen beyond the themes of favourite Rollins vehicles such as St Thomas, Don’t Stop the Carnival and A Nightingale Sang in Berkeley Square to hear why he was an improvising genius whose work was revered all the way from the 1950s dives of Manhattan’s 52nd Street to the White House. The respectful treatment of formal repertory meant little to Rollins, who has died aged 95. He loved songs and kept hundreds of tunes in his head, but those materials were merely triggers to his extraordinary spontaneous imagination and technique. The personal nuances of improvisation meant everything to him and that was why no two Rollins performances were ever really the same. In any handful of Broadway showtunes, sketchy calypsos and torch songs, Rollins could hear the potential for spontaneous variations that would become the real material of the performance. His improvisations would mingle dissonant and almost abstract variations with a periodically injected canny precis of the original familiar melody – like a conjuror spinning plates and racing back to the starting point to keep the faltering original in motion. A one-time enfant terrible of jazz, Rollins gained a worldwide audience in his later years. Into his 80s, he still insisted on having no support act at his concerts and carrying an evening on his own – frequently two hours of flat-out music in which each piece would be rapidly lit on the stub of the previous one and announcements kept to a minimum in his perfunctorily charming growl. A deceptively caressing ballad might open the show, but imperiously rolling long lines would soon burst out and turn into the big, braying acclamations, the reverberating throat-clearing slurs, the descents to floor-shakin...
The AI Infrastructure rally is not just about GPUs anymore. Investors are now extending their focus into other key aspects of the computing ecosystem that will power future AI deployments, including CPUs, networking, memory, and full racks. This shift is a significant contributor to the recent rise of Arm Holdings (ARM). Last week, Jefferies maintained a bullish outlook on the company amid strong ...
The AI Infrastructure rally is not just about GPUs anymore. Investors are now extending their focus into other key aspects of the computing ecosystem that will power future AI deployments, including CPUs, networking, memory, and full racks. This shift is a significant contributor to the recent rise of Arm Holdings (ARM). Last week, Jefferies maintained a bullish outlook on the company amid strong first-quarter numbers reported by Nvidia (NVDA). The market is no longer focused purely on short-term earnings. Instead, a structural change is unfolding, with Arm-based architectures set to dominate in future hyperscaler AI infrastructure. The launches of Nvidia's Vera CPU, Alphabet's (GOOGL) Axion architecture, Amazon's (AMZN) latest generation of Graviton processors, and Microsoft's (MSFT) Cobalt processor are all indicative of a much bigger trend. In other words, hyperscalers are aggressively migrating away from traditional x86-based systems to Arm-based chips better suited for AI. About Arm Holdings Stock Arm is responsible for designing CPU architecture for some of the world's biggest technology companies. Based in Cambridge, United Kingdom, the company licenses CPU designs and instruction sets to leading semiconductor manufacturers and cloud providers. Today, its market capitalization is approximately $323 billion, as the market increasingly starts seeing Arm as one of the biggest beneficiaries of the AI infrastructure transition. ARM stock recently experienced an unprecedented surge. Now trading near $315, shares have gained 215% from the 52-week low of $100.02. Moreover, ARM is up roughly 48% in the last five trading days and touching all-time highs. On a much weaker note, the S&P 500 Index ($SPX) has delivered far less impressive gains in comparison. At face value, it would appear ARM stock has reached incredibly aggressive valuation levels. Currently, the stock trades at a whopping forward price-to-earnings (P/E) ratio of 273 times and a price-to-sales (P/S) rati...
Pope Leo XIV holds his weekly general audience at St. Peter's Square in Vatican City, Vatican, on June 11, 2025. Massimo Valicchia | Nurphoto | Getty Images Pope Leo warned over the weekend about a "social calamity" that could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear to think that worry isn't misplaced. In his first e...
Pope Leo XIV holds his weekly general audience at St. Peter's Square in Vatican City, Vatican, on June 11, 2025. Massimo Valicchia | Nurphoto | Getty Images Pope Leo warned over the weekend about a "social calamity" that could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear to think that worry isn't misplaced. In his first encyclical , a document that is a form of teaching by the leader of the Catholic Church, Pope Leo urged the world to regulate AI. He also warned about the effects it may have on the labor market. "The pursuit of greater profits cannot justify choices that systematically sacrifice jobs, because the human person is an end, not a means, and the economic order must remain subordinate to human dignity and the common good," he wrote. Traders on Kalshi place 60% odds that U.S. unemployment will cross 8% at some point before 2030. They also give a 47% chance it will cross 9% in the same period. A 9% unemployment rate would likely stem from a severe recession or displacement of workers. Not including the Covid-19 recession in 2020, there have only been three economic contractions that have pushed the unemployment rate in the U.S. above 9% since World War II. Kalshi traders think there's a low chance of a recession in 2026, with odds just at 16%. However, in 2027, they see those odds climbing to 45%. There are no contracts about potential recessions in 2028 or 2029. At the same time, traders think AI is driving layoffs right now. Traders place a 78% chance that AI is the number one reason for job cuts in May, which will be confirmed or denied by data from Challenger, Gray & Christmas. In his first encyclical, Pope Leo wrote that "unemployment is a grave evil." He acknowledged that any new technology leads to temporary labor displacements — a view supporters of the AI buildout have acknowledged too even while reassuring workers that they project there won't be a mass labor disruption b...
Micron Technology briefly topped $US1 trillion ($1.4 trillion) in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the US’s largest memory chipmaker as one of the standout winners of the AI boom. Micron’s shares were last up 17.4 per cent at $US881.6 after rising as much as 19.3 per cent earlier in the session, with Tuesday’s boost coming after brokerage UBS ...
Micron Technology briefly topped $US1 trillion ($1.4 trillion) in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the US’s largest memory chipmaker as one of the standout winners of the AI boom. Micron’s shares were last up 17.4 per cent at $US881.6 after rising as much as 19.3 per cent earlier in the session, with Tuesday’s boost coming after brokerage UBS increased its price target on the stock to $US1,625 from $US535 - the highest among the 46 brokerages covering the company, according to LSEG data. Loading... Reuters
Sundry Photography Snowflake ( SNOW ) is set to report on May 27, and its results are likely to show “resilient” demand from customers and an upcoming acceleration, Jefferies said. After surveying 20 partners, analyst Brent Thill said the key takeaways were that 90% of partners hit or exceeded plans in F1Q; the leading indicators flashed green as 45% cited an improvement in the pipeline over the l...
Sundry Photography Snowflake ( SNOW ) is set to report on May 27, and its results are likely to show “resilient” demand from customers and an upcoming acceleration, Jefferies said. After surveying 20 partners, analyst Brent Thill said the key takeaways were that 90% of partners hit or exceeded plans in F1Q; the leading indicators flashed green as 45% cited an improvement in the pipeline over the last quarter; growth is expected to accelerate roughly 2 points in 2026 compared to 2025; AI adoption is still early but rising; and partners don't foresee the macro issues getting worse. “We remain constructive on SNOW's fundamentals, with our checks pointing to resilient demand,” Thill wrote in a note to clients. “That said, we see several tactical debates into the print, including Databricks’ materially faster growth at 65%+, sales execution under a new CRO, & a 26% MTD move in the stock that has raised expectations heading into the print. F1Q product [revenue estimates] call for 27% y/y growth, a ~3pt q/q decel on a ~2pt easier comp, making this the easiest comp of the year. The key swing factor is the F2Q guide: mgmt set an aggressive initial FY27 product revenue growth target of 27%, which has pulled F2Q27 Street estimates up to ~26%—unusually high relative to F1Q.” Thill has a Buy rating and a $250 price target on Snowflake. A consensus of analysts expects Snowflake to earn $0.32 per share on $1.32B in revenue. More on Snowflake Snowflake: A Great Time To Buy While The Market Got It Wrong Snowflake: Market Concerns Shift Rating To Hold (Rating Downgrade) Snowflake: The Risk/Reward Finally Favors The Bulls Snowflake Q1 preview: What to expect Earnings week ahead: ZS, CRM, SNOW, DELL, ZS, XPEV, LI, and more
Melih Evren Burus/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify BP Chairman Albert Manifold out over governance and oversight concerns . (0:15) BofA boosts Apple target on growing agentic AI opportunities . (0:52) China restricts overseas travel for AI experts . (2:32) This is an abridged transcript of the podcast: Our top story so far, BP ( BP ) has ous...
Melih Evren Burus/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify BP Chairman Albert Manifold out over governance and oversight concerns . (0:15) BofA boosts Apple target on growing agentic AI opportunities . (0:52) China restricts overseas travel for AI experts . (2:32) This is an abridged transcript of the podcast: Our top story so far, BP ( BP ) has ousted Chairman Albert Manifold with immediate effect over what the company called “serious concerns” related to governance standards, oversight and conduct. Manifold was appointed less than a year ago to lead a turnaround effort at the oil and gas giant. “The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action,” the company said. Shares are down following the announcement. BP appointed Ian Tyler as interim chair while it begins the search for a permanent replacement. Manifold had been appointed to the role in October. BP’s leadership still has “deep conviction in the strategic direction we have laid out, and the company is moving at pace to deliver it,” Tyler said. Among active stocks, BofA raised its price target on Apple ( AAPL ) to $380 from $330 and reiterated their Buy rating, citing a potential boost from agentic artificial intelligence. Analyst Wamsi Mohan said: “If AI assistants become the new front door to search, apps, commerce, scheduling, payments, and workflow completion, we think Apple should have meaningful leverage over model providers, app developers, merchants, advertisers, and payment networks.” AutoZone ( AZO ) reported an 8.4% increase in Q3 sales on strong demand from both do-it-yourself customers and professional mechanics. But shares are trading defensively on concerns about the impact of inflation on inventory costs and margin compression. And Micron ( MU ) is surging after UBS raised its price target to $1,625 from $535 and reiterated its Buy rating. At that...
John Maynard Keynes famously said, "Markets can remain irrational longer than you can remain solvent." That's good advice for anyone looking to short chip stocks based simply on price action. I happen to like one surging chip stock in particular: Marvell Technology (MRVL) . The AI infrastructure story is real, the custom silicon wins are real, and the stock's leadership reflects genuine fundamenta...
John Maynard Keynes famously said, "Markets can remain irrational longer than you can remain solvent." That's good advice for anyone looking to short chip stocks based simply on price action. I happen to like one surging chip stock in particular: Marvell Technology (MRVL) . The AI infrastructure story is real, the custom silicon wins are real, and the stock's leadership reflects genuine fundamental momentum. But heading into Tuesday's earnings print after the bell, I'm not chasing it. MRVL sits at the intersection of hyperscaler capex and custom ASIC demand — two of the most powerful secular tailwinds in tech. Institutional money has rotated hard into the name, and the price action shows it; up more than 130% year-to-date and more than 220% over the past 52 weeks. Stock Chart Icon Stock chart icon Marvell Technology, 1 year The issue I have is that the rally has continued unabated. As I write this, MRVL has just hit another new high, and the 14-day RSI is above 70 (albeit not as high as it was recently), indicating that the pace of relative outperformance is slowing. While that's not a sell signal on its own, in a name that's already had an enormous run, it does beg the question: how much is already priced in? Notice how far above the long-term moving average MRVL is now (upper chart) and relatively elevated options premiums are now (lower chart) Zoom In Icon Arrows pointing outwards *The options market is pricing an ~13.5% move by the end of the week, far larger than the decade-long average earnings swing of 8.5%." Admittedly, the more recent 8-quarter average of ~11.75% is closer to what the straddle currently prices, so yes, MRVL has shown it can deliver outsized moves. But stacking a near-20% rally on top of an already extended chart? That's a much harder ask. Meanwhile, the forward P/E has climbed to approximately 45x — a 10-year high for this name. And critically, it's arriving alongside the most aggressive revenue and earnings growth expectations we've seen o...
Join the Waitlist for the launch of the Quant Income Growth Portfolio! Explore Alpha Picks Today! Join Pro Quant Portfolio Now! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Steven Cress : Hello. I’m Steve Cress, Head of Quantita...
Join the Waitlist for the launch of the Quant Income Growth Portfolio! Explore Alpha Picks Today! Join Pro Quant Portfolio Now! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Steven Cress : Hello. I’m Steve Cress, Head of Quantitative Strategy at Seeking Alpha, and I'm joined by our birthday strategist, Emma Johnston. Happy birthday, Emma. Emma Johnston : Thank you so much. SC : Thanks so much for taking the time out on your birthday to do this presentation with me. Today, we're presenting on finding opportunities in uncertain markets with Alpha Picks. So, we really appreciate you taking the time out for this webinar today. A little housekeeping to get out of the way with our disclaimer. I'll try to get through this quickly. We are not advising you personally concerning the nature, potential, value, or suitability of any particular security. You alone are solely responsible for determining whether any investment, security, strategy, or any product or service is appropriate or suitable for you based on your investment objectives and personal and financial situation. This presentation is for information purposes only. Content is presented as of the date published or indicated and may be superseded by subsequent events. It represents my opinions, which may not reflect the views of Seeking Alpha as a whole. Past performance is no guarantee of future results. Seeking Alpha is not a licensed security dealer, broker, US investment adviser, or investment bank. As always, thank you for your patience during these disclaimers, which our legal department loves. A little bit of a background and color on myself. I've been in the world of finance for over 35 years. The bulk of my career was at Morgan Stanley. I worked there for 13 years where I ran a Proprietary Trading Desk in Quantitative Strategies. I was also ...
is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. After years of it seeming like the Spider-Man film rights might be better off in Marvel’s hands alone, Into the Spider-Verse came along and proved that Sony was still capable of telling phenomenal stories featuring everyone’s favorite we...
is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. After years of it seeming like the Spider-Man film rights might be better off in Marvel’s hands alone, Into the Spider-Verse came along and proved that Sony was still capable of telling phenomenal stories featuring everyone’s favorite webhead. Into the Spider-Verse’s sumptuous visuals and focus on a different web-slinging New Yorker made it unlike any other Spider-Man adaptation. And it was genuinely shocking to see Sony follow the film up with a bigger, bolder, more imaginative sequel just a few years later. Part of what made the first two Spider-Verse features so much fun to watch was the way they cleverly incorporated many of the lesser-known Spider-people Sony can legally use in its projects. Normies (read: people who don’t read comics) came to love Hailee Steinfeld’s Spider-Gwen, John Mulaney’s Spider-Ham, and Nicolas Cage’s Spider-Man Noir. And Sony took the films’ success as a sign that it could re-create a similar kind of magic with other characters who exist in Spider-Man’s orbit, like Venom and Madame Web, with varying levels of success. Amazon’s live-action Spider-Noir series is Sony’s latest attempt at cashing in on the Spider-Man name independent of Marvel. In addition to being a comedy with very loose ties to the Spider-Verse films, the show is a tongue-in-cheek tribute to the hard-boiled crime dramas that dominated Hollywood’s Golden Age. Aesthetically, Spider-Noir is a charming delight — particularly when you watch it in black and white (there’s also a colorized version). But the series is so lacking in narrative substance that it feels like Sony has lost sight of what made its most successful Spider-Man projects shine. Rather than bringing Cage back to portray a flesh-and-blood version of his monochromatic Spider-Verse hero, Spider-Noir centers Ben Reilly — a brooding vigilante from yet an...
In every bull market, there are stocks that underperform. In every bear market as well, there are certain companies that grow immensely. No matter where markets head over the next decade or two, the three stocks we'll discuss here have such exciting growth potential that they're a buy in any market environment. Expand NYSE : SMR NuScale Power Today's Change ( 7.72 %) $ 0.88 Current Price $ 12.28 K...
In every bull market, there are stocks that underperform. In every bear market as well, there are certain companies that grow immensely. No matter where markets head over the next decade or two, the three stocks we'll discuss here have such exciting growth potential that they're a buy in any market environment. Expand NYSE : SMR NuScale Power Today's Change ( 7.72 %) $ 0.88 Current Price $ 12.28 Key Data Points Market Cap $3.9B Day's Range $ 11.98 - $ 12.68 52wk Range $ 8.85 - $ 57.42 Volume 1.7M Avg Vol 28.9M Gross Margin 19.69 % 1. NuScale Power There's a nuclear renaissance going on right now, and some experts believe that's creating a $10 trillion opportunity. "[N]uclear energy has, in many ways, been recently 'rediscovered' amid surging electricity demand," observes a recent report from Bank of America. Surging electricity demand, of course, is a result of a massive data center build-out to support the rapidly growing needs of the AI industry. Nuclear is an ideal choice to meet this challenge. "Compared with other energy sources, [n]uclear offers reliable baseload power, a smaller carbon footprint, and a higher energy return on investment," concludes Bank of America's report. The biggest issue with nuclear is that it can take a decade or more to get larger conventional plants online. NuScale Power's (SMR +7.72%) small modular reactors (SMRs), meanwhile, are quicker and cheaper to deploy, with the option to expand the system over time as needs grow. There are only two SMRs operating globally right now, and it's not clear how SMR adoption will ultimately pan out. But with a market capitalization of just $4.2 billion, NuScale Power is a very attractive high-risk, high-reward option. Expand NASDAQ : RIVN Rivian Automotive Today's Change ( 2.15 %) $ 0.30 Current Price $ 14.53 Key Data Points Market Cap $18B Day's Range $ 14.16 - $ 14.70 52wk Range $ 11.57 - $ 22.69 Volume 628.3K Avg Vol 27.8M Gross Margin -441.39 % 2. Rivian Much of Tesla's $1.3 trillion valuation i...
Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion, leveraging its obesity-fueled dominance to establish itself as a leader in other areas and become a major player in infectious diseases. The agreements with Curevo, LimmaTech Biologics and Vaccine Company give Lilly access to novel technology and experimental immunizations for shingles, common bacterial ...
Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion, leveraging its obesity-fueled dominance to establish itself as a leader in other areas and become a major player in infectious diseases. The agreements with Curevo, LimmaTech Biologics and Vaccine Company give Lilly access to novel technology and experimental immunizations for shingles, common bacterial pathogens and Epstein-Barr virus, according to a statement on Tuesday. “These acquisitions reflect a deliberate strategy to prevent disease at its source rather than treat its consequences,” Dan Skovronsky, Lilly’s chief scientific and product officer, said in a statement. Bloomberg News Health Reporter, Madison Muller, joins Paul Sweeney and Alexis Christoforous on "Bloomberg Intelligence" to analyze what's next for Eli Lilly after agreeing to buy three vaccine developers. (Source: Bloomberg)
Key Points The AI boom is driving a surge in demand for memory chips, which are supplied by companies like Micron. Axcelis Technologies makes ion implantation machines that are critical to memory production. It could see explosive demand for its equipment as memory manufacturers race to expand their production. 10 stocks we like better than Axcelis Technologies › Micron Technology (NASDAQ: MU) sup...
Key Points The AI boom is driving a surge in demand for memory chips, which are supplied by companies like Micron. Axcelis Technologies makes ion implantation machines that are critical to memory production. It could see explosive demand for its equipment as memory manufacturers race to expand their production. 10 stocks we like better than Axcelis Technologies › Micron Technology (NASDAQ: MU) supplies some of the world's best high-bandwidth memory (HBM) for data centers, which is critically important for processing artificial intelligence (AI) workloads. Demand for this hardware far exceeds supply, which is why Micron stock has exploded higher by 700% over the past year. But another company is also benefiting from the blistering demand for memory. Axcelis Technologies (NASDAQ: ACLS) sells ion implantation machines, which play an essential role in the manufacturing of memory chips and other semiconductor hardware. As companies such as Micron race to expand their production capacity, they will have to buy more of this equipment. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Axcelis stock is sitting on a 12-month gain of 170%. But is there more upside ahead? The inside of a data center with dozens of server stacks. Image source: Getty Images. The memory opportunity could transform Axcelis' business Axcelis has three primary business units which account for 90% of its revenue: Power: Axcelis sells ion implantation machines for power semiconductors, which control the flow of electricity between chips and other devices. The company specializes in complex chemistries, including silicon carbide which is popular in the electric vehicle industry because it facilitates rapid battery charging. General Mature: This segment includes ion implantation equipment for mature-node chips, which are the basic proces...
Dan Williams, Bloomberg News Middle East Reporter, discusses the latest developments in the ongoing conflict involving the US, Iran, and Israel. He says Israeli's want to see a "conclusive" deal reached with Iran and one that would address the threats from Hezbollah. He reports from Jerusalem. (Source: Bloomberg)
Dan Williams, Bloomberg News Middle East Reporter, discusses the latest developments in the ongoing conflict involving the US, Iran, and Israel. He says Israeli's want to see a "conclusive" deal reached with Iran and one that would address the threats from Hezbollah. He reports from Jerusalem. (Source: Bloomberg)
Shares of rival data storage firms NetApp and Everpure are rallying ahead of earnings reports due Thursday. NetApp stock broke out during Friday's session while shares of Everpure, formerly Pure Storage, are approaching an entry with early gains Tuesday. For Everpure and NetApp, the picture has been more complicated.
Shares of rival data storage firms NetApp and Everpure are rallying ahead of earnings reports due Thursday. NetApp stock broke out during Friday's session while shares of Everpure, formerly Pure Storage, are approaching an entry with early gains Tuesday. For Everpure and NetApp, the picture has been more complicated.
South East Water has asked members of the public to use water only for essential purposes after demand surged on Monday to 100m litres more than average. After water outages for hundreds of homes across Kent and Sussex over the last three days during record temperatures, the company has asked customers to use water only for drinking, washing and cooking. On Monday 670m litres of drinking water was...
South East Water has asked members of the public to use water only for essential purposes after demand surged on Monday to 100m litres more than average. After water outages for hundreds of homes across Kent and Sussex over the last three days during record temperatures, the company has asked customers to use water only for drinking, washing and cooking. On Monday 670m litres of drinking water was used across the company’s supply area – almost 100m litres more than the average for this time of the year. But the company has not imposed a temporary use ban, which would prohibit using a hosepipe to fill up paddling pools, water the garden or wash the car. Matthew Dean, the head of operations control at South East Water, said the extreme temperatures had caused demand for water to surge, while storage reservoirs were running low in several parts of Kent. “We had planned for this given the weather forecasts by increasing output at our water treatment works across our supply area and putting extra water into the network,” he said. “Our fleet of tankers has been working 24/7 putting additional water into the network in areas where demand has been extremely high over recent days. However, due to the nature of water supply networks, some customers on higher ground or at the far end of the network may have low pressure or supply interruptions, especially at peak use times. “As the hot weather is set to last a few more days, we’re asking for our customers’ help to keep taps flowing locally. We’re now asking our customers to use water for essential purposes only, for drinking, washing and cooking.” An email to customers asked them to stop using jet washers, hosepipes and sprinklers, swap paddling pools for water blasters to keep children cool, and appealed for customers not to wash their cars. It added: “Think about where you can swap tap water for recycled water. Reuse water from baths, showers and sinks in the garden … Act now, please do all you can to cut down on everything ...