Shares of Micron soared nearly 20% on Tuesday, lifting its market value above $1 trillion and bringing the Roundhill Memory ETF's return to nearly 120% in less than two months.
Shares of Micron soared nearly 20% on Tuesday, lifting its market value above $1 trillion and bringing the Roundhill Memory ETF's return to nearly 120% in less than two months.
NASA Administrator Jared Isaacman said the agency will begin building a moon base with near-monthly robotic landings starting in 2027, with astronauts potentially living on the lunar surface for months at a time by the early 2030s. By the time Artemis 4 astronauts land in 2028, “they’re going to already have some infrastructure of the moon base waiting for them,” Isaacman said Wednesday in a Bloom...
NASA Administrator Jared Isaacman said the agency will begin building a moon base with near-monthly robotic landings starting in 2027, with astronauts potentially living on the lunar surface for months at a time by the early 2030s. By the time Artemis 4 astronauts land in 2028, “they’re going to already have some infrastructure of the moon base waiting for them,” Isaacman said Wednesday in a Bloomberg Television interview. NASA has tapped Blue Origin and other contractors to deliver landers and rovers as part of a three-phase strategy to lay the groundwork for crewed missions. The approach marks a return to the strategy NASA used during the Mercury, Gemini and Apollo programs of the 1960s, Isaacman said. Rather than locking in designs for lunar infrastructure today, the agency will use the initial wave of landings to inform decisions about what hardware works best. The focus in this phase will be the “science of survival,” he said. Phase two, extending into the early 2030s, will shift to deploying heavier equipment and extending astronaut stays from days to potentially weeks. Phase three envisions crew rotations similar to the International Space Station, with astronauts remaining on the moon for months. Isaacman said NASA is “extremely advantaged” compared to China’s lunar program because of its partnerships with Space Exploration Technologies Corp. , Blue Origin and other commercial providers. The agency announced plans to invest $20 billion over seven years in the moon base effort. “SpaceX is probably our greatest commercial space company, hands down. We rely on SpaceX heavily to put our astronauts to and from the international space stations,” Isaacman added. While he expressed confidence in both SpaceX’s Starship and Blue Origin’s Blue Moon lander, Isaacman cautioned that the orbital economy “has been grossly overstated,” noting NASA cannot yet identify who would purchase the 50th lunar lander if not the government. (This story was produced with the assistance ...
U.S. President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. Evan Vucci | Reuters President Donald Trump on Wednesday poured cold water on the prospect of Iran transferring its store of highly enriched uranium to Russia or China as part of any deal to end the war with the U.S. "No, I wouldn't be comfortable" with that ...
U.S. President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. Evan Vucci | Reuters President Donald Trump on Wednesday poured cold water on the prospect of Iran transferring its store of highly enriched uranium to Russia or China as part of any deal to end the war with the U.S. "No, I wouldn't be comfortable" with that arrangement, Trump said during a Cabinet meeting at the White House. The Kremlin, which has the world's largest stockpile of nuclear weapons, has previously said it would accept Iran's enriched uranium to help facilitate a peace deal. China has also been speculated to be willing to take in that material, news outlets have reported . Trump declared in a Truth Social post Monday that Iran's enriched uranium will be destroyed, either in the U.S., in the Islamic republic itself, or "at another acceptable location." The comments at Wednesday's Cabinet meeting came as the U.S. and Iran continue to signal they are working toward at least a short-term agreement to end the three-month-old war in the Middle East. Oil prices , which have increased dramatically due to the war's impact on global energy supplies, fell after Secretary of State Marco Rubio said at the meeting that the U.S. wants to give diplomacy "every chance to succeed." Read more CNBC politics coverage Judge tosses Kilmar Abrego Garcia charges, calls prosecution 'vindictive' Trump skipping wedding of son Donald Jr. to Bettina Anderson Tulsi Gabbard resigning as Trump's intelligence chief Kevin Warsh sworn in as Fed chair as Trump seeks interest rate cuts New lawsuits against Trump's DOJ 'lawfare' fund Trump also said the U.S. is "not talking about any easing of sanctions" on Iran, or giving them any money as part of a deal. "No sanctions, no money, no nothing," he said at the meeting. "We have control of money that they claim is theirs. We'll keep control of that money. When they behave properly, and when they do what's...
Andranik Hakobyan/iStock via Getty Images Free Cash Flow Is King Investors have been challenged in the face of heightened geopolitical risk , inflation pressure , and elevated AI capex spending . Hence, strong fundamentals are in the spotlight. With the world’s four largest hyperscalers planning to ramp up AI infrastructure spending to over $700B in 2026, investors are increasingly focused on the ...
Andranik Hakobyan/iStock via Getty Images Free Cash Flow Is King Investors have been challenged in the face of heightened geopolitical risk , inflation pressure , and elevated AI capex spending . Hence, strong fundamentals are in the spotlight. With the world’s four largest hyperscalers planning to ramp up AI infrastructure spending to over $700B in 2026, investors are increasingly focused on the durability of free cash flow generation, as SA Analyst Mike Zaccardi recently highlighted . Mike Zaccardi Free cash flow is the discretionary cash left after a company covers all of its expenses. They include expenses like operating costs, capex, interest, and taxes. And companies with solid free cash flow generation can use this excess funding to support reinvestment, pay dividends , pursue acquisitions, and strengthen balance sheets. Robust cash flow can also help reduce reliance on external financing, which becomes increasingly pivotal during periods of uncertainty. Finding stocks with strong free cash flow can be challenging because of accounting variances - especially with respect to foreign companies. Investors cannot always easily dive into company filings to identify FCF like they can net income or cash from operations. Moreover, not all strong free cash flow stocks have impressive collective fundamentals. Seeking Alpha’s quantitative tools can help investors find companies that possess both. How I Picked The Best Free Cash Flow Stocks Using Seeking Alpha’s Stock Screener , I selected large-cap U.S. stocks with Strong Buy or Buy Quant Ratings, high free cash flow generation, and strong profitability factor grades. I excluded stocks with negative historical FCF growth and weak Dividend Safety Grades. I selected three stocks with the best collective strengths in total free cash flow, growth, and margins. Seeking Alpha’s Quant Ratings are generated by a proprietary model that analyzes more than 100 metrics for each stock relative to sector peers and grades them across ...
Universal Pictures has released one last trailer for Disclosure Day , director Steven Spielberg’s hotly anticipated return to his “aliens are among us” summer blockbuster roots. And the director features prominently, offering his thoughts on the existence of aliens in between footage from the film. Per the official logline: “If you found out we weren’t alone, if someone showed you, proved it to yo...
Universal Pictures has released one last trailer for Disclosure Day , director Steven Spielberg’s hotly anticipated return to his “aliens are among us” summer blockbuster roots. And the director features prominently, offering his thoughts on the existence of aliens in between footage from the film. Per the official logline: “If you found out we weren’t alone, if someone showed you, proved it to you, would that frighten you? This summer, the truth belongs to 7 billion people. We are coming close to… Disclosure Day.” David Koepp, who has worked with Spielberg on numerous projects (including Jurassic Park and War of the Worlds ), wrote the screenplay, while John Williams composed the score. Emily Blunt stars as a TV meteorologist in Kansas City. Her co-stars include Josh O’Connor, Colin Firth, Eve Hewson, Colman Domingo, Wyatt Russell, Elizabeth Marvel, Henry Lloyd-Hughes, Michael Gaston, and Mckenna Bridger. Professional wrestlers Chavo Guerrero Jr., Lance Archer, and Brian Cage will also appear. Read full article Comments
Ирина Мещерякова/iStock via Getty Images PetMed Express ( PETS ) is a declining pet pharmacy and pet healthcare company. The current market valuation ignores several factors, which include cash, real estate, prior acquisition interest, and signs of management's turnaround efforts. Two prior acquisition bids were $4-4.25 per share. Yes, revenue is declining and margins are decreasing, and the share...
Ирина Мещерякова/iStock via Getty Images PetMed Express ( PETS ) is a declining pet pharmacy and pet healthcare company. The current market valuation ignores several factors, which include cash, real estate, prior acquisition interest, and signs of management's turnaround efforts. Two prior acquisition bids were $4-4.25 per share. Yes, revenue is declining and margins are decreasing, and the share price has fallen. Further, concerns have increased due to competition. The current valuation suggests investors are pricing in a significant deterioration in the franchise. Execution risk is substantial. The assets provide downside support - although continued operating losses will reduce that support. The current valuation suggests investors are pricing in a significant deterioration in the franchise value. Any meaningful improvement will create material upside in the stock price. Ultimately, the investment case depends less on asset values and more on whether management can stabilize revenue and translate operational improvements into earnings. PETS lacks a permanent CEO, or an interim CEO with experience in the pet pharmacy industry. Leadership stability is critical to turnarounds. An interim CEO makes for additional activist or new acquisition talks. Interim leadership might emphasize immediate value realization over long-term transformation. Risks During the last 10-Q, revenue fell 22.7% and reorder sales fell 22.6%. Operating cash flow was -$23.7M. The $26.7M in goodwill was fully impaired due to lower forecasts and a declining market value. The $2.1M inventory write-down indicates operational errors. With interim leadership, it's hard to turn a company around. PETS is a high-risk turnaround. The business is shrinking, although the balance sheet provides time. The stock trades at around $2.20, with a market cap of $46M and an enterprise value of $19.22M. Latest data show cash fell to about $26.9M from negative operational cash flow. The prior YOY cash balance was 54....
Micron Technology (MU +1.31%) reached a market cap of $1 trillion on Tuesday, after receiving a huge upgrade from an analyst. With a new price target of $1,625 from UBS analyst Timothy Arcuri, investors saw more reason to be bullish on this already scorching-hot stock. Entering trading on Wednesday, the stock has soared by around 880% over the past 12 months. That means a $10,000 investment in the...
Micron Technology (MU +1.31%) reached a market cap of $1 trillion on Tuesday, after receiving a huge upgrade from an analyst. With a new price target of $1,625 from UBS analyst Timothy Arcuri, investors saw more reason to be bullish on this already scorching-hot stock. Entering trading on Wednesday, the stock has soared by around 880% over the past 12 months. That means a $10,000 investment in the company a year ago would now be worth nearly $100,000. It's a staggering return. But with an even higher price target, investors may be convinced that it has even more upside still left. Could Micron really still be a bargain buy at its current price? Most analysts aren't nearly as bullish Analyst price targets can vary significantly for a stock. And while analysts have largely been raising their price targets for Micron in recent months, the consensus average is around just $570 right now -- suggesting the stock may have a downside risk of approximately 38%. Arcuri's justification for the increase in price is due to Micron's modest price-to-earnings (P/E) ratio. Based on its expected future profits, Micron looks cheap, trading at a multiple of only nine. By comparison, the S&P 500 average is 26, and tech giant Nvidia is not far behind with a forward P/E of nearly 25. The logic is that for Micron, its business should be valued higher with respect to earnings. However, there arguably needs to be some compensation for risk. Nvidia's business is larger, more robust, and potentially much less volatile than Micron's. While demand for Micron's memory products is through the roof right now, that may not hold over the long run, and historically, it has experienced volatility. While investors may want to believe this time is truly different due to spending on artificial intelligence (AI), it may not turn out to be the case. And if there is a slowdown in its impressive growth, the stock could have plenty of room to fall. Expand NASDAQ : MU Micron Technology Today's Change ( 1.31 %) ...
The countdown has begun for SpaceX's initial public offering (IPO), which is on track to be the largest IPO ever. The SpaceX IPO thrusts the budding space economy into the limelight, an economy that McKinsey projects could be worth $1.8 trillion by 2035. As launches become cheaper and more satellite constellations are deployed, two stocks that have been crushing it are Rocket Lab (RKLB +2.97%) and...
The countdown has begun for SpaceX's initial public offering (IPO), which is on track to be the largest IPO ever. The SpaceX IPO thrusts the budding space economy into the limelight, an economy that McKinsey projects could be worth $1.8 trillion by 2035. As launches become cheaper and more satellite constellations are deployed, two stocks that have been crushing it are Rocket Lab (RKLB +2.97%) and Planet Labs (PL +2.46%), whose stocks are up 372% and 1,017% in the last year alone. Here's why these two space stocks are quietly becoming some of the market's best opportunities for investors. Rocket Lab has scored major deals with the U.S. government Rocket Lab is one of the top launch services companies in the United States today, second only to SpaceX in terms of total launches. The company has a strong presence in the small launch services market with its Electron rocket and has its sights on bigger things with its medium-lift Neutron rocket, which management expects will take flight later this year. By expanding into rockets capable of carrying larger payloads, Rocket Lab positions itself to compete for high-margin contracts. In addition to launch services, Rocket Lab has a bustling space systems business that is experiencing strong growth. Here, the company provides components for solar arrays, communications, spacecraft, and sensors. In the first quarter, the company delivered record revenue of $200 million and a backlog of $2.2 billion, with 58% of it in space components and the remainder in launch services. Expand NASDAQ : RKLB Rocket Lab Today's Change ( 2.97 %) $ 4.25 Current Price $ 147.45 Key Data Points Market Cap $83B Day's Range $ 137.94 - $ 150.78 52wk Range $ 25.24 - $ 150.78 Volume 1.2M Avg Vol 25.1M Gross Margin 33.77 % Looking toward the future, Rocket Lab is excellently positioned to capitalize on the rapidly growing space economy and increased government investments in it. One noteworthy agreement is a $816 million prime contract with the U.S. Spac...
Key Points Micron's stock has been surging this week after an analyst gave it a price target of $1,625. The consensus price target, however, suggests that Micron may be due for a decline. The stock may look cheap with respect to earnings, but its business has been volatile in the past. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) reached a market cap of $1 trill...
Key Points Micron's stock has been surging this week after an analyst gave it a price target of $1,625. The consensus price target, however, suggests that Micron may be due for a decline. The stock may look cheap with respect to earnings, but its business has been volatile in the past. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) reached a market cap of $1 trillion on Tuesday, after receiving a huge upgrade from an analyst. With a new price target of $1,625 from UBS analyst Timothy Arcuri, investors saw more reason to be bullish on this already scorching-hot stock. Entering trading on Wednesday, the stock has soared by around 880% over the past 12 months. That means a $10,000 investment in the company a year ago would now be worth nearly $100,000. It's a staggering return. But with an even higher price target, investors may be convinced that it has even more upside still left. Could Micron really still be a bargain buy at its current price? 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 » Most analysts aren't nearly as bullish Analyst price targets can vary significantly for a stock. And while analysts have largely been raising their price targets for Micron in recent months, the consensus average is around just $570 right now -- suggesting the stock may have a downside risk of approximately 38%. Arcuri's justification for the increase in price is due to Micron's modest price-to-earnings (P/E) ratio. Based on its expected future profits, Micron looks cheap, trading at a multiple of only nine. By comparison, the S&P 500 average is 26, and tech giant Nvidia is not far behind with a forward P/E of nearly 25. The logic is that for Micron, its business should be valued higher with respect to earnings. However, there arguably needs to be some compensation for risk. Nvi...
Key Points The space economy could reach $1.8 trillion by 2035, according to estimates by McKinsey. Rocket Lab has a growing launch business along with its expanding space systems segment. Planet Labs captures satellite imagery daily and is a prime contractor with the U.S. government. 10 stocks we like better than Rocket Lab › The countdown has begun for SpaceX's initial public offering (IPO), whi...
Key Points The space economy could reach $1.8 trillion by 2035, according to estimates by McKinsey. Rocket Lab has a growing launch business along with its expanding space systems segment. Planet Labs captures satellite imagery daily and is a prime contractor with the U.S. government. 10 stocks we like better than Rocket Lab › The countdown has begun for SpaceX's initial public offering (IPO), which is on track to be the largest IPO ever. The SpaceX IPO thrusts the budding space economy into the limelight, an economy that McKinsey projects could be worth $1.8 trillion by 2035. As launches become cheaper and more satellite constellations are deployed, two stocks that have been crushing it are Rocket Lab (NASDAQ: RKLB) and Planet Labs (NYSE: PL), whose stocks are up 372% and 1,017% in the last year alone. Here's why these two space stocks are quietly becoming some of the market's best opportunities for investors. 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 » Rocket Lab has scored major deals with the U.S. government Rocket Lab is one of the top launch services companies in the United States today, second only to SpaceX in terms of total launches. The company has a strong presence in the small launch services market with its Electron rocket and has its sights on bigger things with its medium-lift Neutron rocket, which management expects will take flight later this year. By expanding into rockets capable of carrying larger payloads, Rocket Lab positions itself to compete for high-margin contracts. In addition to launch services, Rocket Lab has a bustling space systems business that is experiencing strong growth. Here, the company provides components for solar arrays, communications, spacecraft, and sensors. In the first quarter, the company delivered record revenue of $200 million and a backlog of $...
Can you say “MOMENTUM?” Last Friday, the S&P 500 closed out its eighth consecutive week of gains, the longest winning streak since 2023. War? What war? Corporate earnings are driving this bus. It’s hard to know when the good times end. But for now, investors are most definitely risk-on. In Tuesday’s trading, there were 164 new 52-week highs on the NYSE, 5.7 times the number of new 52-week lows. Ov...
Can you say “MOMENTUM?” Last Friday, the S&P 500 closed out its eighth consecutive week of gains, the longest winning streak since 2023. War? What war? Corporate earnings are driving this bus. It’s hard to know when the good times end. But for now, investors are most definitely risk-on. In Tuesday’s trading, there were 164 new 52-week highs on the NYSE, 5.7 times the number of new 52-week lows. Over on the Nasdaq, there were 559 new 52-week lows, 5.9 times the new 52-week lows. It seems nearly impossible to be losing money in the markets right now unless you’ve got a lot of cash sitting on the sidelines. Virtually everything is working right now, especially energy and tech stocks. The S&P 500 energy stocks are up 27.8% year-t0-date, while the S&P 500 tech stocks are up 20.1%. Six of 11 sectors are up more than the index’s 9.8% return. Back to yesterday’s new 52-week highs and lows. I stopped counting the number of ETFs hitting new 52-week highs after 200. Here are three (1 from 3 different fund providers) that are worth owning for the long haul. Adams Diversified Equity Fund (ADX) The Adams Diversified Equity Fund (ADX) has $3.1 billion in net assets and charges 0.50% in fees. It hit a 52-week high of $25.35 yesterday, its 20th new 52-week high in 2026. This first choice is actually a closed-end fund, not an ETF. However, I couldn’t resist selecting it as a good long-term play. Any fund that’s been in existence for 97 years and is still posting decent performance numbers is worth considering. Adams’ history is also storied. Started in 1840 by Alvin Adams as a small courier service for valuables between Boston, Worcester, Norwich, New London and New York City, it was officially incorporated as Adams Express in 1854. The founder died 23 years later. By 1929, its shares in the American Railway Express Co., the government agency that ran America’s nationalized railway service at the end of World War I, had become quite valuable. Adams Express converted its holdings into...
The partial lifting of internet restrictions in Iran has revealed a rising tide of anger about food price inflation as ordinary Iranians decry annual price increases of 308% for vegetable oil, 190% for chicken, and 170% for rice. Iranian authorities on Tuesday began restoring the connection to the global internet that was severed on the first day of the US-Israeli war against the Islamic Republic ...
The partial lifting of internet restrictions in Iran has revealed a rising tide of anger about food price inflation as ordinary Iranians decry annual price increases of 308% for vegetable oil, 190% for chicken, and 170% for rice. Iranian authorities on Tuesday began restoring the connection to the global internet that was severed on the first day of the US-Israeli war against the Islamic Republic on 28 February, as it had been during mass protests in January. Connectivity remained patchy on Wednesday, with mobile internet still largely disconnected and many sites remaining restricted. But even the partial restoration was enough to reveal an outpouring of anger over price inflation and food shortages. “Everything is so expensive. It has become a disaster,” wrote one user on social media. “You leave the market with a broken heart after spending all your savings. It is unbearable. We have no patience left to lead a normal life.” President Masoud Pezeshkian, who has been given some credit for lifting the internet restrictions, blamed the US for Iran’s economic woes, saying Washington “had moved to economic warfare after failing to bring the government down”. In a lengthy statement, the ministry of intelligence revealed its concerns that internet freedom could be used for “cognitive warfare”, warning that Iran’s adversaries aimed to “incite protesters and drag them on to the streets”. It said: “The enemy, defeated on the military front, now focuses its efforts on soft warfare, cognitive warfare, and social provocations.” The government announced the launch of a “resistance economy committee”to crack down on price gouging and address surging shortages, but hyperinflation is now endemic in Iran, due to trade sanctions, exchange rate pressure, and moves taken to reduce subsidies given to traders in January. Data from the International Monetary Fund showed that food inflation has now risen to between 140% and 200%, pushing overall inflation to 70%. Support for continuing int...
Shares of AST SpaceMobile (NASDAQ:ASTS) are up 8% in midday trading on May 27, changing hands near $129. The satellite direct-to-cell name is leading a space-sector sympathy rally tied to SpaceX IPO buzz. The move extends an already torrid run. ASTS stock is up 78% year to date (YTD), making it the headline mover in ... AST SpaceMobile Surges 8%; Virgin Galactic, Rocket Lab Ride the SpaceX IPO Wav...
Shares of AST SpaceMobile (NASDAQ:ASTS) are up 8% in midday trading on May 27, changing hands near $129. The satellite direct-to-cell name is leading a space-sector sympathy rally tied to SpaceX IPO buzz. The move extends an already torrid run. ASTS stock is up 78% year to date (YTD), making it the headline mover in ... AST SpaceMobile Surges 8%; Virgin Galactic, Rocket Lab Ride the SpaceX IPO Wave
Sales of everyone’s favorite device could see the largest decline on record this year, according to market tracker IDC. There’s one potential ray of light: While the industry outlook might be getting worse, estimates for Apple iPhone sales are actually improving. IDC now expects iPhone shipments to decline 5.2% this year, better than the previous forecast for an 8.1% decline.
Sales of everyone’s favorite device could see the largest decline on record this year, according to market tracker IDC. There’s one potential ray of light: While the industry outlook might be getting worse, estimates for Apple iPhone sales are actually improving. IDC now expects iPhone shipments to decline 5.2% this year, better than the previous forecast for an 8.1% decline.
volkankovancisoy/iStock Unreleased via Getty Images Ferrari ( RACE ) fell sharply on Tuesday after unveiling the all-electric Luce at an event in Rome. The general vibe from analysts is that the selling wave by investors was an overreaction. Ferrari HSBC analyst Michael Tyndall noted that Ferrari ( RACE ) management has been quite open that the EV model would not necessarily appeal to existing own...
volkankovancisoy/iStock Unreleased via Getty Images Ferrari ( RACE ) fell sharply on Tuesday after unveiling the all-electric Luce at an event in Rome. The general vibe from analysts is that the selling wave by investors was an overreaction. Ferrari HSBC analyst Michael Tyndall noted that Ferrari ( RACE ) management has been quite open that the EV model would not necessarily appeal to existing owners and all dealers due to the departure from the automaker's core DNA (4-door, 5-seats, electric). Tyndall said early indications are that the design is already growing on people. In terms of manufacturing efficiency, the Luce front axle is shared with the F80, the rear drive unit is shared with the Hypersail racing project, and the suspension is derived from the Purosangue. "So even though it is a white sheet design, the company is leveraging the technology from within the group," he highlighted. RBC Capital analyst Tom Naryan also thinks it is too early to be overly concerned about the knee-jerk investor reaction. "While the Luce's design departs from Ferrari tradition, the company indicated that the driving experience remains true to the brand," updated Naryan. The RBC analyst team thinks Ferrari ( RACE ) could limit volume on the Luce to maintain exclusivity, although initial demand for the vehicle is still a key indicator for investors to monitor. Naryan thinks the Luce design could appeal to customers in China. Morgan Stanley analyst Edouard Aubin reminded investors that the debate around a fully electric Ferrari ( RACE ) has been ongoing for several years and was always likely to prove polarizing given the brand’s unique positioning around engine sound, mechanical emotion, and heritage. "While the bulls view electrification as a necessary evolution that can broaden Ferrari’s addressable customer base and reinforce its technology leadership over time, bears remain concerned that a BEV format risks diluting some key intangible attributes that have historically underpi...
This article first appeared on GuruFocus. Fireworks AI is pulling fresh investor attention as the AI infrastructure startup discusses a new funding round that could value the company at $15 billion, according to people familiar with the matter. The company sits in the fast-growing AI inference market, where businesses run already-trained AI models and where investor demand has continued to build a...
This article first appeared on GuruFocus. Fireworks AI is pulling fresh investor attention as the AI infrastructure startup discusses a new funding round that could value the company at $15 billion, according to people familiar with the matter. The company sits in the fast-growing AI inference market, where businesses run already-trained AI models and where investor demand has continued to build around the broader AI boom. Index Ventures, already an investor in Fireworks, is set to co-lead the round, one of the people said. The financing has not been completed, and the final details could still change. That potential $15 billion valuation would represent a major step up from Fireworks' $4 billion valuation in October, when the company raised $250 million in a round co-led by Lightspeed Venture Partners, Index Ventures and Evantic. Founded in 2022 by former Meta Platforms (NASDAQ:META) engineers, Fireworks has built its business around helping companies run AI models, with AI coding startup Cursor among its customers. The competitive backdrop is also heating up, with Baseten Labs reaching a $5 billion valuation in January and Features & Labels, better known as Fal, valued at $4.5 billion in December. For investors, the signal is straightforward: AI inference could be becoming one of the next major battlegrounds in the AI infrastructure trade.
Boeing Co.’s Chief Executive Officer gave investors an optimistic forecast for this year and beyond, as the US planemaker raises production on its workhorse 737 Max jet, nears certification on long-delayed models and expects a windfall from defense spending. The planemaker has successfully completed a so-called capstone review with the Federal Aviation Administration to further increase production...
Boeing Co.’s Chief Executive Officer gave investors an optimistic forecast for this year and beyond, as the US planemaker raises production on its workhorse 737 Max jet, nears certification on long-delayed models and expects a windfall from defense spending. The planemaker has successfully completed a so-called capstone review with the Federal Aviation Administration to further increase production of the 737 Max to 47-jet monthly output, a key step to improve profitability and generate cash, Kelly Ortberg said at the Bernstein Strategic Decisions Conference on Wednesday. The company is in the final flight testing stages for the 737 Max 7 and 10 variants, and the intercontinental 777X model, Ortberg said. Still, the certification of seats and the supplies of engines from GE Aerospace for the 787 Dreamliner are bottlenecks that are delaying deliveries. We get reaction from Sid Philip, Chief Aviation Correspondent for Bloomberg News. (Source: Bloomberg)