What happened Shares of Best Buy (NYSE: BBY) rose 9% on Thursday the consumer electronics leader said it would increase its capital returns to shareholders. So what Best Buy's revenue declined by 3.3% year over year to $16.4 billion in its fiscal 2022 fourth quarter, which ended on Jan. 29. The retailer's comparable-store sales decreased by 2.3% after surging 12.6% in the year-ago quarter. CEO Corie Barry said Best Buy's sales were dented by inventory shortages that prevented it from stocking some high-demand items during the holiday shopping season. The retailer was also forced to reduce its store hours in some locations, due to staffing issues related to the omicron variant of the coronavirus. Moreover, Best Buy's growth investments weighed on its profitability. Its adjusted operating margin dropped to 5.1% from 6.9% in the prior-year period. The company's adjusted earnings per share, in turn, fell 21.6% to $2.73. Barry said Best Buy's investments will bear fruit over time. The company sees its new membership program and health-related services as key drivers of its long-term growth, and it's spending heavily to further these initiatives. "We are deliberately investing in our future and furthering our competitive differentiation," Barry said. Now what Those investments will continue in the year ahead. And with Best Buy's comparable sales projected to decline by 1% to 4% as pandemic-related consumer spending moderates, management expects its adjusted earnings per share to decline by roughly 10%, to $9, in fiscal 2023. Yet looking further ahead, management projects Best Buy's revenue will grow to as much as $56.5 billion in fiscal 2025, fueled by its membership- and health-related gains. The company also sees its adjusted operating margin rising as high as 6.8% by that time. This upbeat long-term growth forecast likely influenced Best Buy's decision to boost its quarterly cash dividend by 26% to $0.88 per share. Its board of directors also authorized a $5 billion sh...

Oracle (ORCL) Shares Skyrocket, What You Need To Know FinancialContent

Anthropic has raised $65 billion in funding, pushing the Claude maker to a $965 billion post-money valuation as enterprise demand for frontier AI continues to pull larger pools of capital into compute, cloud capacity and model development. The Series H round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with a long investor list that includes Capital Group, Coatue, GIC, ICONIQ, Fidelity, General Catalyst, Blackstone, Brookfield, T. Rowe Price, Temasek and others. Anthropic said the financing also includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon (NASDAQ: $AMZN ). The raise comes only months after Anthropic’s Series G in February and follows a sharp increase in commercial adoption. The company said run-rate revenue crossed $47 billion this month, helped by enterprise customers deploying Claude deeper into daily workflows and more individuals using the product for work. Anthropic plans to use the funding to advance safety and interpretability research, expand compute capacity and scale the products and partnerships behind Claude. Chief Financial Officer Krishna Rao said the financing will help the company meet “historic demand” while keeping its models at the research frontier. The compute layer remains central to the story. Anthropic said it recently signed agreements with Amazon for up to five gigawatts of new capacity, with Google (NASDAQ: $GOOGL ) and Broadcom (NASDAQ: $AVGO ) for five gigawatts of next-generation TPU capacity, and with SpaceX for access to GPU capacity in Colossus 1 and Colossus 2. Those commitments place Anthropic deeper inside the same infrastructure race that has become a defining theme across AI, cloud, semiconductors and digital-asset markets. Companies with access to power, chips, data centers and enterprise distribution are increasingly being valued as the scarce picks-and-shovels layer behind AI adoption. Claude is now available across Amazon Web Services, Goog...

格隆汇5月29日｜据伊朗国家电视台援引当地官员的话称，美国一架飞机在伊朗布什尔附近被摧毁，目前该消息尚未得到美国方面的确认。

Megacap stocks dominate their sectors and their actions influence economies worldwide. The flip side though is that their sheer size means they have less room for explosive growth as scale works against them. This dynamic can trouble even the most skilled investors, but luckily for you, we started StockStory to help you navigate these trade-offs and uncover exceptional companies that break the mold. Keeping that in mind, here are two industry titans whose competitive advantages create flywheel effects and one that could be stalling. One Mega-Cap Stock to Sell: Home Depot (HD) Market Cap: $316.9 billion Founded and headquartered in Atlanta, Georgia, Home Depot (NYSE:HD) is a home improvement retailer that sells everything from tools to building materials to appliances. Why Does HD Give Us Pause? The company has faced growth challenges as its 2.3% annual revenue increases over the last three years fell short of other consumer retail companies Lagging same-store sales over the past two years suggest it might have to change its pricing and marketing strategy to stimulate demand Gross margin of 33.2% is below its competitors, leaving less money for marketing and promotions At $317.66 per share, Home Depot trades at 20.3x forward P/E. If you’re considering HD for your portfolio, see our FREE research report to learn more. Two Mega-Cap Stocks to Buy: Micron (MU) Market Cap: $1.05 trillion Founded in the basement of a Boise, Idaho dental office in 1978, Micron (NASDAQ:MU) is a leading provider of memory chips used in thousands of devices across mobile, data centers, industrial, consumer, and automotive markets. Why Are We Bullish on MU? Annual revenue growth of 78.2% over the past two years was outstanding, reflecting market share gains this cycle Disciplined cost controls and effective management resulted in a strong two-year operating margin of 38.3%, and it turbocharged its profits by achieving some fixed cost leverage Additional sales over the last five years increased ...

Nicola Sturgeon said she was “deceived, betrayed and lied to” by her estranged husband, Peter Murrell, as he embezzled hundreds of thousands of pounds from the SNP. The former first minister told an audience in Ireland at her first public appearance since Murrell pleaded guilty that she was coming to terms with being married to someone she “did not know at all”, and acknowledged people would have questions. Sturgeon, 55, said she was having “probably the worst week” of her life and she would probably need to sit with a therapist. “This is a long-winded way of saying I am not OK”, she said, but insisted, “I will be OK, I am a strong, resilient person.” Murrell has been remanded in custody after pleading guilty at the high court in Edinburgh on Monday to embezzling £400,310.65 from the SNP between 2010 and 2022, spending the cash on items including a motorhome, cars, expensive watches and a telescope. Sturgeon, who was at Listowel Writers’ Week in County Kerry to promote her memoir, has consistently denied any knowledge of Murrell’s crimes and was not charged after a police investigation. She said: “I know there are questions, I understand that. I would probably be asking as well if I was looking in from the outside on somebody else. ‘How can she not have known?’ “And I think underlying that question there is a big misassumption, which is that I knew anything about it, or that I knew all about it. I think everybody assumes that all of this stuff that it turns out my former husband was buying I knew about it, I just didn’t question how he paid for it. “As recently as Monday I was reading about things in the newspapers for the first time, things that I had never seen, I didn’t know about. It wasn’t just that I didn’t question where they came from.” Sturgeon added: “The last few years have had some tough ones for me, but this one, I think, surpasses all of them.” The former SNP leader stressed she had been “completely exonerated” after a “two-year-long, very forensic pol...

This article first appeared on GuruFocus. Dell Technologies (NYSE:DELL) may have secured a major federal technology win after its Dell Federal Systems unit landed a five-year, $9.7 billion Pentagon contract to manage Microsoft software licenses across classified and unclassified systems. The deal covers Microsoft tools used for email, spreadsheets and other department needs, giving Dell a central role in simplifying how one of the world's largest employers manages critical software access. Pentagon Chief Information Officer Kirsten Davies said Dell Federal Systems beat several competitors for the contract, which is expected to save the department $422 million every year. The agreement will consolidate Microsoft software and services across the Department of War, the intelligence community and the US Coast Guard, replacing a fragmented structure in which hundreds of offices previously pursued annual software license agreements on their own. For investors, the key takeaway is that this is not tied to newly appropriated dollars, but to a more efficient use of money already being spent. Acting Navy Chief Information Officer Barry Tanner said the contract creates a single place to provide the licenses needed to run Microsoft systems while eliminating redundancy. That could make the deal an important federal efficiency marker for Dell, as the Pentagon supports more than 2.1 million servicemembers and 811,000 civilian employees.

Mistral AI used its first-ever developer conference on Wednesday to announce a sweeping expansion into industrial manufacturing, a new inference data center south of Paris, and a rebranding of its consumer-facing assistant — moves that collectively signal the three-year-old French startup's ambition to become the enterprise AI provider of record for companies that refuse to hand their most sensitive data to American hyperscalers. At the AI NOW Summit , held at a venue in central Paris, co-founder and CEO Arthur Mensch took the stage alongside CTO Timothée Lacroix and Chief Scientist Guillaume Lample to lay out a strategy that stretches from bare-metal GPU clusters to physics simulations for aircraft wings. The company disclosed that it now employs 1,000 people and is targeting €1 billion ($1.17B USD) in revenue for 2026 — a figure that, if achieved, would be an extraordinary growth trajectory for a company that began with 15 employees collaborating with its first customer, BNP Paribas, in 2023. "We have two convictions at Mistral," Mensch told the audience. "The first is that in order to deploy AI in the enterprise, you actually need, as an AI provider, to own the full stack." He described Mistral's business as fundamentally about "transforming electrons into tokens and intelligence," arguing that physical infrastructure control matters as much as model quality. The announcements come at a pivotal moment for Mistral and for the broader European AI ecosystem. The company has raised at least $3.9 billion across nine funding rounds, according to Clay's funding tracker, including a massive €1.7 billion Series C led by Dutch semiconductor equipment maker ASML in September 2025 at an €11.7 billion valuation, and an $830 million debt financing round in March 2026 from a consortium of seven banks to fund data center construction. Mistral now finds itself in a peculiar competitive position: too large to be dismissed as a research lab, but still dwarfed by the resources of Op...

Albert Douer, UBQ Chairman and CEO says his dream is for more countries to adopt his technology so trash becomes seen as something with value and plastic production can rely less on oil. (Source: Bloomberg)

Okta’s first-qarter earnings cleared Wall Street’s expectations, and the company believes a massive market for AI-agent identity management is brewing on the horizon.

May 28 (Reuters) - Cybersecurity company SentinelOne forecast second-quarter revenue below analysts' expectations on Thursday and said it would cut ‌about 8% of its workforce as it looks to invest ‌in growth areas such as AI, data and cloud. The company also missed first-quarter revenue ​estimates, sending its shares slumping 18% in extended trading. Here are some details: • SentinelOne faces intense competition from larger rivals such as CrowdStrike and Palo Alto Networks, as well as from Microsoft, which is bundling security ‌features into its products. • ⁠Even as ransomware and nation-state threats boost cybersecurity demand, some corporate clients are tightening their budgets, scrutinizing ⁠deals and extending sales cycles. • SentinelOne expects a one-time charge of nearly $25 million related to the restructuring, of which $15 million are cash-based expenditures. • As ​of January ​2026, the company had more ​than 2,900 full-time employees worldwide. • ‌SentinelOne forecast second-quarter revenue to be between $289 million and $291 million, below analysts' average estimate of $292 million, according to data compiled by LSEG. • It expects adjusted profit per share in the range of 6 cents to 8 cents, while analysts expect 8 cents. • Revenue for the ‌first quarter ended April 30 came ​in at $276.7 million, missing the estimate of $277.3 ​million. • The company reaffirmed its ​fiscal 2027 revenue and adjusted profit per share ‌forecasts. • SentinelOne uses AI to help ​businesses monitor and ​secure laptops, servers and other devices connected to their networks. • Its Singularity platform aims to be an all-in-one solution for ​security teams, a strategy ‌that has become critical as firms look to simplify their ​security infrastructure. (Reporting by Juby Babu in Mexico City; Editing ​by Shreya Biswas and Shilpi Majumdar)

格隆汇5月29日｜当地时间5月28日，一位军方消息人士当天证实，在伊朗布什尔附近拦截了一架入侵的美国无人机。这位军方消息人士称，拦截行动是通过向该无人机发射防御导弹完成的。当天稍早前，据伊朗方面消息，伊朗武装部队从南部地区向特定目标发射了导弹。伊朗南部布什尔省有该国唯一的核电站——布什尔核电站，其与科威特隔海相望，距离大约300公里。

This article first appeared on GuruFocus. Super Micro Computer (SMCI, Financials) said it is working with Taiwanese authorities to stop illegal smuggling involving its server technology. The company said the cooperation has already led to the arrest of three suspects and the seizure of more than 50 servers. Reports tied the investigation to alleged shipments of Nvidia-powered systems that may have reached China without the required export approvals. For Super Micro, the issue comes at a difficult time. Demand for AI servers remains strong, but companies operating in this market are also facing tighter scrutiny around export controls and cross-border shipments. The concern for investors is not just the investigation itself. It is whether compliance issues create delays, damage customer relationships or lead to tougher oversight. Reports also said the controversy may have already affected business ties, including a lost contract involving Oracle. Super Micro says it is conducting its own investigation while cooperating with authorities. The next question is whether the issue stays limited to a few individuals or creates broader pressure on the company's operations and partnerships.

Key Points The Trade Desk received a "sell" rating from a Wall Street analyst. The analyst's price target is a shocking 50% below yesterday's closing price. The Trade Desk is facing competitive pressures, but the stock's valuation looks reasonable. 10 stocks we like better than The Trade Desk › Shares of programmatic advertising software company The Trade Desk (NASDAQ: TTD) fell on Thursday, declining 5.1% on the day. The Trade Desk has had a very difficult time over the past few years, as several Magnificent Seven digital advertising giants have threatened its market share. At the same time, its ad agency clients have expressed displeasure at what they deem excessive fees. 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 » Thus, investors were likely very unhappy to hear that one sell-side analyst believes more headwinds will emerge as lower-cost AI-powered media-buying tools pressure The Trade Desk's take rate. 20% take rates under threat The Trade Desk has positioned itself as a "neutral" programmatic advertising company by not operating its own ad-selling platform, such as a search engine, social media platform, or e-commerce marketplace, thereby avoiding the conflicts of interest it says are inherent in using the tools from the digital ad giants. However, over the past few years, the big digital advertising tech giants have begun offering programmatic buying services for little to no cost, since they also make money by selling the ads themselves. That has put pressure on The Trade Desk, and has also likely led to audits and public spats with the company's ad agency customers over fees. Today, sell-side analyst Bianca Dallal at Rothschild & Co Redburn initiated coverage of The Trade Desk with a "Sell" rating and a $11 price target, which would be over 50% below yesterday's closing price. Dallal b...

(RTTNews) - The Gap Inc. (GAP) released a profit for its first quarter that increased from the same period last year The company's bottom line came in at $193 million, or $0.51 per share. This compares with $158 million, or $0.41 per share, last year. The company's revenue for the period rose 2.2% to $3.463 billion from $3.388 billion last year. The Gap Inc. earnings at a glance (GAAP) : -Earnings: $193 Mln. vs. $158 Mln. last year. -EPS: $0.51 vs. $0.41 last year. -Revenue: $3.463 Bln vs. $3.388 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Bloomberg, 0:00

This article first appeared on GuruFocus. A new insider-trading case is putting prediction markets back in the investor spotlight, after a Google software engineer was charged with allegedly making more than $1 million on Polymarket from one of the internet's most closely watched search outcomes. Michele Spagnuolo, a 36-year-old Italian citizen who joined Alphabet (NASDAQ:GOOG) unit Google in 2014, was charged in a complaint unsealed Wednesday in New York federal court. He appeared before a federal magistrate and was released on a $2.25 million bond, while his lawyer declined to comment on the charges. Prosecutors allege Spagnuolo had access to company data tracking user searches when he placed bets that singer D4vd would become Google's most-searched person in 2025. At the time, Polymarket assigned a near-zero probability to D4vd topping figures such as Pope Leo XIV and Kendrick Lamar, according to prosecutors. When D4vd was publicly announced as the top-ranked search in December, Spagnuolo allegedly made around $1.2 million. Google said the employee accessed marketing material through a tool available to all employees, called the alleged use of confidential information for betting a serious policy breach, placed him on leave, and said it is working with law enforcement. The case could become another pressure point for prediction-market operators as regulators and investors watch how platforms manage insider-trading risk. The CFTC filed a parallel civil lawsuit seeking civil penalties and the return of alleged illicit profits, while prosecutors said Spagnuolo traded under the username AlphaRaccoon and allegedly used a crypto privacy service after online users began questioning the account's Polymarket activity. Polymarket has said it is strengthening insider-trading detection, including work with Chainalysis, Palantir (NASDAQ:PLTR), and TWG AI, but the case may keep focus on offshore market structures, identity checks, and whether prediction platforms can expand in...

格隆汇5月29日｜戴尔(DELL.N)首席财务官：剔除人工智能组合的影响，我们的毛利率展望比上个季度更好；预计全年毛利率将继续扩张。

(RTTNews) - Design software company Autodesk Inc. (ADSK) on Thursday announced an agreement to acquire maintenance and operations software provider MaintainX in an all-cash transaction valued at about $3.6 billion. Autodesk said the acquisition is intended to strengthen its strategy of connecting design, manufacturing and operational workflows through a unified platform. MaintainX provides maintenance management and operational workflow software used for asset inspections, work orders and equipment monitoring. "Autodesk is expanding beyond design and make to operations, ensuring data and insights flow seamlessly in a continuous lifecycle. For decades, we've helped customers create the world around us, giving Autodesk a strong foundation of industry workflows, data, and context across the AEC and D&M industries," said Andrew Anagnost, CEO of Autodesk. "Our goal with MaintainX is to bring deep operational expertise, contextual data, and workflows that enhance our ability to use AI to converge digital and physical worlds." MaintainX expects calendar 2026 annual recurring revenue to exceed $135 million, with growth above 50%. Autodesk plans to finance the deal using a combination of cash on hand and debt financing. The transaction is expected to close later in Autodesk's current fiscal year, subject to regulatory approvals and customary closing conditions. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

阿波罗和黑石正在努力吸引更多投资者加入一项约360亿美元的债务融资交易，来帮助Anthropic PBC扩建其人工智能（AI）基础设施。这笔债务将用于购买谷歌名为TPU的定制芯片，随后Anthropic将租赁这些芯片；博通公司将为该交易中最大份额的款项支付提供担保。 该融资计划旨在利用博通的信用资质，为Anthropic提供算力获取渠道。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

格隆汇5月29日｜戴尔(DELL.N)首席财务官：客户继续优先考虑IT基础设施需求，越来越关注保障供应；预计这种行为将持续全年。

There was no one in the courtroom on Thursday to speak on behalf of the four men Randy Santos bludgeoned to death with a metal bar as they slept on New York City’s Chinatown streets. No anguished friends or relatives to tell the judge about Chuen Kok, Florencio Moran, Nazario Vasquez Villegas and Anthony Manson’s abruptly shortened lives. No one to confront Santos face-to-face about his psychosis-fuelled rampage through Manhattan’s Chinatown neighbourhood nearly seven years ago, or to hear him apologise. Advertisement No one to see him sentenced to 40 years to life in prison. Eighty-three-year-old Kok, – the oldest victim and an immigrant from Hong Kong – was a former restaurant worker who had lost his bearings after his wife died and his church closed. Advertisement Manson, 49, helped establish a Pentecostal church in Mississippi years ago and later made videos and blogged about his thoughts on the Bible, psychology and societal issues.

Meta's CEO floated a pivot into cloud computing at the annual shareholder meeting, doubling down on AI infrastructure with no clear return in sight.

Key Points Patient investors have a great opportunity to buy NuScale Power shares after the stock's recent decline. The Nuclear Regulatory Commission has approved two of the company's designs. 10 stocks we like better than NuScale Power › At this time last year, investors were feeling pretty good about NuScale Power (NYSE: SMR). President Donald Trump signed executive orders on May 23 to usher in a nuclear energy renaissance, and advanced nuclear energy stocks like NuScale Power soared. But the enthusiasm was short-lived. The company soon tumbled, and as of this writing, shares are down more than 62% over the past year. Although the market has soured on NuScale's prospects, times like these offer patient investors great buying opportunities. 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 » The bumps in the road are hardly insurmountable A brief look at the previous year's performance of NuScale Power stock may suggest to some that the company had endured some disaster. The reality is that the catalysts for the decline were hardly ruinous. For one, the company filed to sell up to $500 million in stock to raise capital -- unsurprising for a growth company that doesn't generate substantial revenue. Plus, it reported 2025 revenue of $31.5 million, down from $37 million in 2024. Aside from fears of shareholder dilution and a year-over-year decline in revenue, the future remains bright for NuScale. Unlike its peers, the company is the only developer of small modular reactors that has received design approvals (for both its 50-megawatt and 77-megawatt models) from the U.S. Nuclear Regulatory Commission (NRC). According to John Hopkins, the company's CEO, this provides a "critical gateway to commercial operations." With data center operators highly motivated to find solutions to the huge power demands AI c...

格隆汇5月29日｜黎巴嫩卫生部：自3月2日以来，以色列对黎巴嫩的袭击已造成3324人死亡。

Since they closed at $5.10 on May 20, shares of The Metals Company (TMC +7.88%) have closed each subsequent trading session higher than the previous one. That streak seems all but guaranteed to continue today. With the deep-sea mining company reporting an encouraging update on its progress toward achieving regulatory approval, investors have been bidding the stock higher. Shares of The Metals Company ended today 7.9% higher from yesterday's close, giving back some of the 15.4% gain from earlier today. This deep-sea mining company is sailing in the right direction The Metals Company announced today that the National Oceanic and Atmospheric Administration (NOAA) has formally certified the USA Part B exploration license that its subsidiary, The Metals Company USA LLC, had submitted. Expand NASDAQ : TMC TMC The Metals Company Today's Change ( 7.88 %) $ 0.45 Current Price $ 6.16 Key Data Points Market Cap $2.5B Day's Range $ 5.62 - $ 6.58 52wk Range $ 3.93 - $ 11.35 Volume 11.9M Avg Vol 5.6M According to the company, the license covers approximately 122,000 square kilometers of seafloor and includes about 1.02 billion metric tons of polymetallic nodules. Additionally, The Metals Company USA is proceeding with an application for an exploration license and a commercial recovery permit for the USA A area, which it submitted to NOAA in January and which the regulatory agency found to be fully compliant. Should investors set sail with The Metals Company stock on today's news? Undoubtedly, today's news is a positive development for The Metlas Company, as it brings it closer to obtaining the necessary permits to commence commercial operations. While there's some de-risking with the company after today, potential investors must still recognize that there's no certainty that if the company does successfully navigate through the bureaucratic red tape, which has delayed its progress previously, there's no certainty that the company will be profitable in producing nickel and other m...

歐洲多國遭極端熱浪侵襲 葡萄牙創40度高溫 羅馬巴黎發預警 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】歐洲天氣持續酷熱，葡萄牙錄得40度以上高溫，法國巴黎、意大利羅馬等城市發布高溫預警。法國召開部長會議商討如何應對熱浪。 泰晤士河熱浪提早來臨，在冷氣不普及的英國倫敦，民眾唯有跳入泰晤士河暢泳消暑。羅馬意大利著名景點羅馬鬥獸場，觀光客都有備而來，對抗猛烈的陽光。羅馬周四最高氣溫達32度，佛羅倫斯、都靈等多個城市發出今年首個紅色高溫預警，提醒民眾酷熱天氣可能危害健康。都靈部分地區停電，市政府開放有風扇和冷氣的公共空間供市民使用。 法國巴黎亦連續6日錄得32度以上高溫，氣象部門向巴黎等17個省發布橙色高溫預警，不少地區氣溫高達37度，比5月尾平均氣溫高出近15度。有學校停課，總理勒科爾尼主持部長會議，討論應付極端高溫天氣，包括應對山火和確保供水充足。 西班牙、葡萄牙、德國等亦錄得異常高溫。氣象部門預測馬德里周五氣溫將高達35度，當局指這種天氣通常出現在7至8月盛夏。葡萄牙中部亦錄得40.3度，刷新5月高溫紀錄，預計這波歐洲熱浪將持續到周末。

00:00 Speaker A CNBC reported recently that again, Musk has been chatting about wanting to potentially merge SpaceX and Tesla, his two biggest and most kind of prominent companies there. That's kind of I guess the goal and that's what we're hearing, but the question is what that means for Tesla. 00:16 Speaker A So let me ask you this. Did you hear this and think, yes, it's about synergy? Or did you think it's uh Mr. Musk consolidating control. Maybe it's both. 00:24 Pras Definitely both, right? I mean, synergy's a hilarious word that we talk about, but but in reality, it turns out the two companies are actually working a lot very closely together on various projects. You know, upcoming stuff includes stuff like orbital data centers that they're going to work on that together and the Terrafab facility, right? So that's real projects. But for Musk, it's really about control, right? Because look at what you have with Tesla. 00:46 Pras You know, he's struggled with with the control there, right? He has about less than 20% of the shares, a huge battle with lawsuits over his pay package, things like that, independent directors he has to deal with. The SpaceX prospectus, no requirement for independent directors, no requirement for independent directors to to determine pay packages. Uh he has effectively 85% control of the company via the Class B voting shares. 01:09 Pras So, if you can wrap up Tesla within that structure, it's much more of a control environment for him to just be the dictator of this company. Uh meanwhile, you know, we're there's this this company being pitched to various investors uh under that regime, right? So the question is, uh are people going to balk at that? So far not, doesn't seem that way. 01:21 Pras I think the timing wise is is because you're going to unlock a a massive amount of value with SpaceX with that IPO, right? Right now it's all private. You have valuations there, but it really going to hit that massive 1.75, 1.8 trillion dollar value...

Apollo Global Management Inc. and Blackstone Inc. are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic PBC build out its AI infrastructure. The debt will be used to purchase Google’s custom chips called TPUs, or tensor processing units, which Anthropic will then lease, according to people with knowledge of the matter. Broadcom Inc. , which helps Google develop the chips, is backstopping payments on the largest portions of the transaction, said the people, who asked not to be identified because the information is private. The move would mark one of the largest-ever private credit deals and also the biggest chip-financing debt transaction. It aims to tap Broadcom’s credit quality to provide computing-power access to Anthropic, which just eclipsed rival OpenAI in valuation. Shares of Broadcom and Google owner Alphabet Inc. climbed in late trading on the news. Broadcom rose as much as 1.9% to an aftermarket high of $434.84, while Alphabet advanced as much as 1.2% to $394.81. The financing plan will help the maker of Claude meet its ambitious goals for building infrastructure. The company is racing with OpenAI to line up an initial public offering later this year as investors throw vast sums of money at AI services. Read More: Apollo, Blackstone Weigh $35 Billion Financing for Broadcom Apollo’s quest for more chip-financing investors — what’s known as a debt syndication — is private, meaning it controls the invitations to potential backers. Apollo and Blackstone are planning to sell down some of the debt and keep significant portions for themselves, according to the people. Investors are being asked to give their orders this week, and the deal is expected to wrap up next week, the people said. Still, discussions are ongoing and details could change. Representatives for Apollo, Blackstone and Anthropic declined to comment. Representatives for Broadcom and Google didn’t immediately respond to requests for comment. Anthr...

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