IREN Limited (NASDAQ:IREN) said Tuesday it signed a purchase agreement with Dell Technologies Inc. (NYSE:DELL) for NVIDIA Corp. (NASDAQ:NVDA) air-cooled Blackwell systems to support its previously announced five-year, $3.4 billion managed-services AI cloud contract. IREN Expands AI Infrastructure With Dell Blackwell Deal The deployment will take place at IREN's existing data centers in Childress, ...
IREN Limited (NASDAQ:IREN) said Tuesday it signed a purchase agreement with Dell Technologies Inc. (NYSE:DELL) for NVIDIA Corp. (NASDAQ:NVDA) air-cooled Blackwell systems to support its previously announced five-year, $3.4 billion managed-services AI cloud contract. IREN Expands AI Infrastructure With Dell Blackwell Deal The deployment will take place at IREN's existing data centers in Childress, Texas, with commissioning expected in early 2027. The company said the expansion is designed to accelerate "time-to-compute," which it described as a major constraint in the artificial intelligence industry. Once operational, the deployment is expected to increase IREN's annualized run-rate revenue, or ARR, from $3.7 billion to $4.4 billion. The company said the increase reflects continued growth in GPU capacity and monetization across its AI cloud platform. $1.6 Billion Hardware Agreement Supports Growth Plans IREN said the agreement with Dell carries a total purchase price of about $1.6 billion. The package includes GPUs, servers, storage, networking equipment, integration services and warranties. Payment terms are structured on a post-shipment basis. The company added that it is pursuing GPU financing tied to the deployment, consistent with prior hardware rollouts. Daniel Roberts, co-founder and co-CEO of IREN, said, "Securing capacity and accelerating commissioning are our top priorities in a market where time-to-compute is everything." He added, "Hyperscalers, enterprises and developers choose IREN as a partner because we own and control the full stack – the physical infrastructure, the compute, and the operational capability to deploy at scale." Roberts also said IREN's relationship with Dell "ensures access to hardware at the scale and speed the market demands." ARR Guidance Based On Internal Assumptions IREN said the projected $4.4 billion ARR includes expected annual revenue from its Microsoft Corporation (NASDAQ:MSFT) contract, the previously announced AI cloud ag...
XRP (CRYPTO: XRP) has spent most of 2026 trading below $1.50, waiting on one piece of legislation that could permanently change its legal standing in the United States. That wait cleared a major hurdle on May 14, when the Senate Banking Committee passed the Digital Asset Market Clarity Act in a 15-9 bipartisan vote, and ... How Will the CLARITY Act Actually Change XRP’s Long-Term Price?
XRP (CRYPTO: XRP) has spent most of 2026 trading below $1.50, waiting on one piece of legislation that could permanently change its legal standing in the United States. That wait cleared a major hurdle on May 14, when the Senate Banking Committee passed the Digital Asset Market Clarity Act in a 15-9 bipartisan vote, and ... How Will the CLARITY Act Actually Change XRP’s Long-Term Price?
More than 30 years ago, the advent and proliferation of the internet opened new doors for businesses and changed corporate America forever. It also spurred the retail investor revolution by breaking down information barriers that had existed between Wall Street and Main Street for over a century. The rise of artificial intelligence (AI) is the next leap forward investors have been waiting for -- a...
More than 30 years ago, the advent and proliferation of the internet opened new doors for businesses and changed corporate America forever. It also spurred the retail investor revolution by breaking down information barriers that had existed between Wall Street and Main Street for over a century. The rise of artificial intelligence (AI) is the next leap forward investors have been waiting for -- and Nvidia (NVDA 0.38%) and Palantir Technologies (PLTR 0.28%) are leading the charge. Since the start of 2023, shares of Nvidia and Palantir have skyrocketed by approximately 1,400% and 2,040%, respectively, translating into $5 trillion in market value added to Nvidia. But while the AI revolution's dynamic duo continues to blow Wall Street's projections out of the water, the latest $120 billion warning from this pair simply can't be ignored. Nvidia and Palantir are the faces of AI's evolution Wall Street's largest public company, Nvidia, is firing on all cylinders. Last week, it announced record fiscal first-quarter sales of $81.6 billion, with data center revenue up a staggering 92% from a year ago. The proof is in the pudding that Nvidia's graphics processing units (GPUs) are the clear top option for businesses. Nvidia's gross margin is also holding firm around 75%. Despite growing external and internal competition, the company's GPU pricing power hasn't faded at all. Expand NASDAQ : NVDA Nvidia Today's Change ( -0.38 %) $ -0.81 Current Price $ 214.52 Key Data Points Market Cap $5.2T Day's Range $ 212.00 - $ 218.18 52wk Range $ 132.92 - $ 236.54 Volume 5.7M Avg Vol 167.1M Gross Margin 74.15 % Dividend Yield 0.02 % Whereas Nvidia is dominant on the hardware front, Palantir is crushing it on the applications side. Both of its core software-as-a-service platforms, Gotham and Foundry, are AI-driven. Palantir's U.S. revenue more than doubled in the first quarter from the previous year, with CEO Alex Karp increasing his company's full-year sales growth forecast from 61% to 71%....
Key Points Nvidia and Palantir Technologies are the faces of the AI revolution, with each rallying 1,400% and 2,040%, respectively, since the start of 2023. Although Nvidia and Palantir crushed consensus sales and profit expectations in the first quarter, they collectively lost $120 billion in market value the day after their earnings report. Bubbles are common with game-changing technologies, and...
Key Points Nvidia and Palantir Technologies are the faces of the AI revolution, with each rallying 1,400% and 2,040%, respectively, since the start of 2023. Although Nvidia and Palantir crushed consensus sales and profit expectations in the first quarter, they collectively lost $120 billion in market value the day after their earnings report. Bubbles are common with game-changing technologies, and historically high valuations are doing AI stocks no favors. 10 stocks we like better than Nvidia › More than 30 years ago, the advent and proliferation of the internet opened new doors for businesses and changed corporate America forever. It also spurred the retail investor revolution by breaking down information barriers that had existed between Wall Street and Main Street for over a century. The rise of artificial intelligence (AI) is the next leap forward investors have been waiting for -- and Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) are leading the charge. 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 » Since the start of 2023, shares of Nvidia and Palantir have skyrocketed by approximately 1,400% and 2,040%, respectively, translating into $5 trillion in market value added to Nvidia. But while the AI revolution's dynamic duo continues to blow Wall Street's projections out of the water, the latest $120 billion warning from this pair simply can't be ignored. Nvidia and Palantir are the faces of AI's evolution Wall Street's largest public company, Nvidia, is firing on all cylinders. Last week, it announced record fiscal first-quarter sales of $81.6 billion, with data center revenue up a staggering 92% from a year ago. The proof is in the pudding that Nvidia's graphics processing units (GPUs) are the clear top option for businesses. Nvidia's gross margin is also holding firm around ...
While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise. Salesforce is up 8.6% since hitting a three-year low on April 10, but the stock still has lost 32% this year. It’s badly underperforming the iShares Expanded Tech-So...
While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise. Salesforce is up 8.6% since hitting a three-year low on April 10, but the stock still has lost 32% this year. It’s badly underperforming the iShares Expanded Tech-Software Sector exchange-traded fund, which has jumped 26% since hitting its own recent low on April 10 and is down 11% this year. And both are being trounced by the technology-heavy Nasdaq 100 Index ’s 19% rise in 2026, largely powered by high-flying chipmakers . “It has gone through a very painful period, but there’s a stickiness and staple-like nature to the business that people have underestimated, even though revenue is still growing at a decent pace,” said Brian Kersmanc , portfolio manager at GQG Partners, which owns Salesforce shares. “Now that we’ve had this big washout, I think we’re going to start seeing the merits shine through.” Software stocks are getting some life as encouraging corporate earnings reports indicate that AI may not end up devastating growth like investors had assumed, and in some cases it could be a potential tailwind. That, coupled with valuations that fell to rock-bottom levels, has Wall Street thinking that the industrywide weakness from earlier this year may have gone too far. Salesforce, however, has missed much of the bounce back as it continues to face questions about its prospects. Wall Street’s primary concern is competition from Anthropic and OpenAI weakening demand and pricing power for its customer relationship management software, which for years drove robust growth at high margins. For example, Bank of America last week reinstated coverage of the company with an underperform rating due to “structurally lower growth” and greater competitive risks from AI. “Salesforce remains a deeply entrenched platform, yet we expect a structural re...
Catalonia Trade & Investment head Jaume Baró. Photo: Catalonia Trade & Investment Catalonia welcomes more Chinese companies to invest through joint ventures that can help the Spanish region climb up the manufacturing value chain, its trade and investment chief said, citing Chery Automobile’s Barcelona factory as a model. The remarks, made during a group interview earlier this month, come as Europe...
Catalonia Trade & Investment head Jaume Baró. Photo: Catalonia Trade & Investment Catalonia welcomes more Chinese companies to invest through joint ventures that can help the Spanish region climb up the manufacturing value chain, its trade and investment chief said, citing Chery Automobile’s Barcelona factory as a model. The remarks, made during a group interview earlier this month, come as Europe steps up efforts to strengthen its industrial base and technological capabilities against the backdrop of rising geopolitical tensions, while many Chinese companies, especially automakers, look for ways to expand into the European market.
Artificial intelligence (AI) stocks have driven the stock market higher in recent years -- and investors have piled into companies that have been on the market for decades, from Nvidia to Microsoft. But in recent times, investors have gotten the opportunity to get in on younger companies involved in the space, from CoreWeave last year to Cerebras Systems (CBRS 5.87%) earlier this month. This is th...
Artificial intelligence (AI) stocks have driven the stock market higher in recent years -- and investors have piled into companies that have been on the market for decades, from Nvidia to Microsoft. But in recent times, investors have gotten the opportunity to get in on younger companies involved in the space, from CoreWeave last year to Cerebras Systems (CBRS 5.87%) earlier this month. This is through these companies' initial public offerings. And next up may be SpaceX. The company owned by Elon Musk recently released its prospectus, and news reports indicate a roadshow will begin the week of June 8. This suggests an IPO could actually happen as soon as next month. Investors clearly are eager to see how the SpaceX operation unfolds, particularly considering the IPO may be the biggest ever at almost $2 trillion. For some clues, we can look to Cerebras, which surged 68% in its first day of trading. Here's what that tells us about SpaceX's upcoming monster IPO. Cerebras in the chip market So, first, a quick note about Cerebras. The company is a player in the AI chip space, rivaling leaders Nvidia, Advanced Micro Devices, and other tech giants. Cerebras has designed a chip that's 58 times bigger than an Nvidia chip, and the company says this large size allows for incredible memory bandwidth and speed. In fact, in certain situations, it's delivered much faster results than GPU-based systems. All of this has translated into explosive revenue growth for Cerebras and even a $20 billion, multi-year contract with AI lab OpenAI. Though Cerebras still operates at a loss, this is pretty standard for a young company in the space as it invests to build out its technology and gain customers. Expand NASDAQ : CBRS Cerebras Systems Today's Change ( -5.87 %) $ -15.07 Current Price $ 241.71 Key Data Points Market Cap $53B Day's Range $ 236.10 - $ 262.29 52wk Range $ 185.00 - $ 386.34 Volume 52.7K Avg Vol 12.2M Gross Margin 39.03 % Investors clearly liked the story as the stock opened a...
Key Points Investors flocked to Cerebras, a young and exciting player in the AI chip space. The SpaceX IPO offers investors another opportunity to get in on a high-growth company. But these players are best suited to investors who don’t mind risk. 10 stocks we like better than Cerebras Systems › Artificial intelligence (AI) stocks have driven the stock market higher in recent years -- and investor...
Key Points Investors flocked to Cerebras, a young and exciting player in the AI chip space. The SpaceX IPO offers investors another opportunity to get in on a high-growth company. But these players are best suited to investors who don’t mind risk. 10 stocks we like better than Cerebras Systems › Artificial intelligence (AI) stocks have driven the stock market higher in recent years -- and investors have piled into companies that have been on the market for decades, from Nvidia to Microsoft. But in recent times, investors have gotten the opportunity to get in on younger companies involved in the space, from CoreWeave last year to Cerebras Systems (NASDAQ: CBRS) earlier this month. This is through these companies' initial public offerings. And next up may be SpaceX. The company owned by Elon Musk recently released its prospectus, and news reports indicate a roadshow will begin the week of June 8. This suggests an IPO could actually happen as soon as next month. 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 » Investors clearly are eager to see how the SpaceX operation unfolds, particularly considering the IPO may be the biggest ever at almost $2 trillion. For some clues, we can look to Cerebras, which surged 68% in its first day of trading. Here's what that tells us about SpaceX's upcoming monster IPO. Cerebras in the chip market So, first, a quick note about Cerebras. The company is a player in the AI chip space, rivaling leaders Nvidia, Advanced Micro Devices, and other tech giants. Cerebras has designed a chip that's 58 times bigger than an Nvidia chip, and the company says this large size allows for incredible memory bandwidth and speed. In fact, in certain situations, it's delivered much faster results than GPU-based systems. All of this has translated into explosive revenue growth for Cerebras ...
Archer Aviation (ACHR +2.36%) is in the business of making flying cars -- or rather, flying shuttles -- to help people avoid traffic jams in major cities and save a serious amount of time. Expand NYSE : ACHR Archer Aviation Today's Change ( 2.36 %) $ 0.15 Current Price $ 6.51 Key Data Points Market Cap $4.9B Day's Range $ 6.38 - $ 6.77 52wk Range $ 4.80 - $ 14.62 Volume 316K Avg Vol 34.3M Gross Ma...
Archer Aviation (ACHR +2.36%) is in the business of making flying cars -- or rather, flying shuttles -- to help people avoid traffic jams in major cities and save a serious amount of time. Expand NYSE : ACHR Archer Aviation Today's Change ( 2.36 %) $ 0.15 Current Price $ 6.51 Key Data Points Market Cap $4.9B Day's Range $ 6.38 - $ 6.77 52wk Range $ 4.80 - $ 14.62 Volume 316K Avg Vol 34.3M Gross Margin -120526.32 % Picture a small electric aircraft lifting straight up from a rooftop and flying to your destination in 10 minutes or less. That's Archer's vision. It's not as thrilling as a Disney theme park ride, but it could feel as satisfying as skipping a three-hour line in the Lightning Lane. Speaking of Disney -- or rather, magic -- Archer's vision has the makings of a great story, yet outside the imagination, very little of its business has taken off. Mostly pre-revenue, without FAA certification in hand, the only thing keeping Archer afloat is the patent for its Midnight aircraft -- a four-seater (five with pilot) that will hopefully zip above cities en route to airports and major urban ports. Well, we can hope that day will come. And if it does, this sub-$7 stock could undergo a radical transformation. Chasing certification The first thing to know about Archer Aviation, other than its traffic-ending vision of flying cars, is the progress it's making on the FAA certification timeline. Earlier in May, Archer became the first eVTOL (electric vertical takeoff and landing) company to complete phase three of the FAA's four-step certification process. That was good news for toe-tapping investors waiting for some progress on the regulatory front, and it allows Archer to physically test its aircraft under FAA oversight to prove its airworthiness. Elsewhere, Archer is making significant progress toward bringing eVTOLs to a major city near you. Under the White House's eVTOL Integration Pilot Program, Archer is working with partners in three of the biggest U.S. states (New Y...