Andy/iStock via Getty Images While Advanced Micro Devices, Inc. ( AMD ) has lagged behind Nvidia ( NVDA ) for the better part of the last three years in the GPU segment, the chipmaker is now seeing massively improving results in its Data Center business. Shares of AMD soared more than 18% on Wednesday after the company published strong sales of its inference-optimized AI accelerators... which in t...
Andy/iStock via Getty Images While Advanced Micro Devices, Inc. ( AMD ) has lagged behind Nvidia ( NVDA ) for the better part of the last three years in the GPU segment, the chipmaker is now seeing massively improving results in its Data Center business. Shares of AMD soared more than 18% on Wednesday after the company published strong sales of its inference-optimized AI accelerators... which in turn led to a revenue growth acceleration in the Data Center business as well as soaring free cash flow. With the upcoming release of new Instinct Series MI400 AI accelerators—especially the MI450 GPU—AMD has a strong catalyst in its operating portfolio that could allow it to narrow the performance gap between itself and Nvidia even further in the second half of 2026. While I would not consider buying AMD at the current price, I also believe it may be too early here to take profits. Data by YCharts Previous rating AMD was a Strong Buy for me in March because of the company's increasing competitiveness in the AI accelerator market. Specifically, AMD was able to strike a 5-year, multi-billion dollar deal with Meta Platforms ( META ), one of the most aggressive AI investors in the hyperscaler market: Meta Deal Is A Game Changer . Additionally, AMD is improving its product pipeline by releasing new versions of its AMD Instinct Series chips, most notably the MI350 AI accelerator, which is the current driver of strong growth for the chip-design enterprise. AMD is going to roll out new AI accelerators in the second half of the year, which could help the company fortify its position in the inference-optimized AI accelerator realm. AMD's Data Center business had a break-out quarter AMD reported higher-than-expected earnings for its first fiscal quarter, with its non-GAAP earnings coming in at $1.37 per share, beating the consensus estimate by $0.08 per share on robust AI chip demand. AMD also beat analyst estimates for its top line, publishing $10.25B in total revenues for Q1 '26 and...
Hirurg/iStock via Getty Images Kalshi ( KALSHI ) was valued at $22B in the prediction market platform's latest $1B Series F funding round , led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. The prediction market platform is set to use the new capital to scale adoption across hedge funds, asset managers, proprietary trading f...
Hirurg/iStock via Getty Images Kalshi ( KALSHI ) was valued at $22B in the prediction market platform's latest $1B Series F funding round , led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. The prediction market platform is set to use the new capital to scale adoption across hedge funds, asset managers, proprietary trading firms, and insurance companies. The New York City-based company said the capital raise comes amid an 800% increase in institutional trading volume over the last six months. "What started as retail is quickly becoming institutional — hedge funds, asset managers, prop firms, and insurers are beginning to trade, provide liquidity, and hedge real-world risk directly," said CEO Tarek Mansour in his LinkedIn post . "Prediction markets are moving from early adoption to core financial infrastructure. This is just the beginning," Mansour noted. "Kalshi is building the leading platform for trading in real-world events," said Philippe Laffont, founder of Coatue. "Consumers have already embraced it, and we believe institutions will follow." Over 90% of the U.S. prediction market activity and a majority of the global volume are carried out on Kalshi, according to the company statement released on Thursday. More on Kalshi Inc Schumer urges House, White House to match Senate prediction market ban Senators ban themselves from betting in prediction markets Financial information for Kalshi Inc
gonin/iStock via Getty Images Global private equity investment in autonomous vehicles in the first four months of 2026 surged to its highest level in at least 10 years, led by an outsize funding round for self-driving car company Waymo LLC ( WAYMO ). Between Jan. 1 and April 28, transaction value in the sector totaled $23.26 billion, compared with $10.18 billion in all of 2025, according to S&P Gl...
The device comes with health and fitness tracking like 24/7 heart rate, heart rhythm monitoring with Afib alerts, SpO2, resting heart rate, heart rate variability, sleep stages and duration, and more.
The device comes with health and fitness tracking like 24/7 heart rate, heart rhythm monitoring with Afib alerts, SpO2, resting heart rate, heart rate variability, sleep stages and duration, and more.
Software developer Rave on Thursday filed an antitrust lawsuit against Apple, alleging that the iPhone maker kicked Rave's app for shared viewing of video content off the Apple App Store after introducing a competing product called SharePlay. Ontario, Canada-based Rave is demanding reinstatement into the App Store and "hundreds of millions of dollars" in damages, according to the complaint file...
Software developer Rave on Thursday filed an antitrust lawsuit against Apple, alleging that the iPhone maker kicked Rave's app for shared viewing of video content off the Apple App Store after introducing a competing product called SharePlay. Ontario, Canada-based Rave is demanding reinstatement into the App Store and "hundreds of millions of dollars" in damages, according to the complaint filed in U.S. federal court in New Jersey. Apple did not immediately respond to a request for comment.
Venezuela’s government is stepping up dollar sales and allowing the bolivar to weaken, narrowing the gap with the parallel market and easing pressure on inflation. The bolivar has tumbled 7% this week to about 715 per euro on the so-called intervention market, which is measured against the European bloc’s currency. That is the largest depreciation in one week since the system was restored in late ...
Venezuela’s government is stepping up dollar sales and allowing the bolivar to weaken, narrowing the gap with the parallel market and easing pressure on inflation. The bolivar has tumbled 7% this week to about 715 per euro on the so-called intervention market, which is measured against the European bloc’s currency. That is the largest depreciation in one week since the system was restored in late March, leaving the bolivar only slightly stronger than in the informal market. The central bank sold $1.5 billion in April, the highest monthly amount since at least January 2023, according to official data . Bank president Luis Perez said in a statement on Tuesday that sales should reach $1.35 billion in May. The boost comes after US forces captured strongman Nicolas Maduro in early January, with the new acting administration of Delcy Rodriguez allowing the Trump administration to oversee proceeds from oil sales by the South American nation. Rodriguez has been taking steps to improve Venezuela’s relationship with the US and attract foreign investment, with Washington easing sanctions on the oil-rich nation and allowing more dollars to flow into the country. The US recently relaxed restrictions on Caracas’ ability to hire financial and legal advisers to rework the nation’s debt, which is estimated at $170 billion when including bonds, past-due interest, bilateral loans and other commitments. Read more: US Authorizes Venezuela to Hire Advisers for Debt Talks The increased sale of dollars has helped stabilize the bolivar on the informal market, easing pressure on consumer prices. Venezuela’s monthly inflation slowed to 10.6% in April, the lowest rate since last June, according to central bank data. But at the same time it’s been flooding the market with dollars, the central bank has also kept its official exchange rate — the legal reference for dollar prices of goods and services, as well as government budget spending — at 493.4 bolivars per dollar. That’s about 30% stronger ...
Canaccord raised its price target on Hut 8 (NASDAQ:HUT) stock to $130 from $70, keeping its Buy rating. The price target hike, delivered May 7, nearly doubles the firm’s prior valuation and reflects the company’s accelerating pivot from Bitcoin mining to AI data center infrastructure. A near doubling from a single firm ranks among the ... Canaccord Just Nearly Doubled Hut 8 Price Target to $130 on...
Canaccord raised its price target on Hut 8 (NASDAQ:HUT) stock to $130 from $70, keeping its Buy rating. The price target hike, delivered May 7, nearly doubles the firm’s prior valuation and reflects the company’s accelerating pivot from Bitcoin mining to AI data center infrastructure. A near doubling from a single firm ranks among the ... Canaccord Just Nearly Doubled Hut 8 Price Target to $130 on AI Data Center Pivot