In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk arrives at the federal courthouse during proceedings in the trial over his lawsuit against OpenAI in Oakland, California, on April 30, 2026. Josh Edelson | Afp | Getty Images Elon Musk's plans for a huge chip manufacturing plant in East Texas will cost at least $55 billion for the first phase, and up to $119 billion if ...
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk arrives at the federal courthouse during proceedings in the trial over his lawsuit against OpenAI in Oakland, California, on April 30, 2026. Josh Edelson | Afp | Getty Images Elon Musk's plans for a huge chip manufacturing plant in East Texas will cost at least $55 billion for the first phase, and up to $119 billion if the full buildout comes to fruition. The estimated capital investment amounts were disclosed in a public hearing notice on Wednesday in Grimes County, Texas, home of the prospective facility. The notice said SpaceX, which is controlled by Musk, is seeking a property tax abatement agreement from the county. Grimes County will hold a public hearing on June 3, to consider the proposed tax breaks. Musk, who's also CEO of Tesla , is aiming for Terafab to be the "most epic chip-building effort ever - combining logic, memory and advanced packaging under one roof," according to a post on X last month from SpaceX, which now owns artificial intelligence company xAI. He officially launched the project in March. The chip complex outside Austin would be designed to manufacture chips for SpaceX, xAI and Tesla , and jointly built by those companies. In April, Intel announced it will be joining the Terafab project to help "design, fabricate, and package ultra-high-performance chips at scale." It's the first major outside commitment for the capital-intensive foundry side of Intel's business, which to date has only manufactured chips for its own products. During Tesla's first-quarter earnings call last month, Musk said Tesla plans to use Intel's forthcoming 14A process to produce chips at the facility. Intel's stock popped on the news and had its best month ever in April, more than doubling in value. watch now VIDEO 16:50 16:50 Can Intel’s New Arizona Chip Fab Bring It Back From The Brink? Tech Intel is positioned to benefit from the ongoing AI boom as manufacturing capacity is getting harde...
Mira Murati, OpenAI's former CTO, has testified under oath that CEO Sam Altman lied to her about the safety standards for a new AI model. In a video deposition shown during the ongoing Musk v. Altman trial on Wednesday, Murati said Altman falsely stated that OpenAI's legal department determined a new AI model did not need to go through the company's deployment safety board. "As you understand it, ...
Mira Murati, OpenAI's former CTO, has testified under oath that CEO Sam Altman lied to her about the safety standards for a new AI model. In a video deposition shown during the ongoing Musk v. Altman trial on Wednesday, Murati said Altman falsely stated that OpenAI's legal department determined a new AI model did not need to go through the company's deployment safety board. "As you understand it, was Mr. Altman telling the truth when he made that statement to you?" Murati was asked in the deposition. "No," Murati said. Murat said that during her tenure at OpenAI, Altman made her work more difficult. Her criticism "is completely management r … Read the full story at The Verge.
AMD’s earnings beat highlighted a deeper shift inside AI infrastructure. The company’s growing role in inference computing may matter more than investors currently appreciate.
AMD’s earnings beat highlighted a deeper shift inside AI infrastructure. The company’s growing role in inference computing may matter more than investors currently appreciate.
Getty Images There’s no fog of war for Israeli stocks. The iShares MSCI Israel Capped ETF ( EIS ) is up 73% over the past year, handily outperforming the S&P 500. More than doubling the return of the Vanguard FTSE All-World ex-US ETF ( VEU ), EIS has been a leader before and after the conflict in Iran began. I had a buy rating on EIS back in December. Following my upgrade , shares are up 24%. Boas...
Getty Images There’s no fog of war for Israeli stocks. The iShares MSCI Israel Capped ETF ( EIS ) is up 73% over the past year, handily outperforming the S&P 500. More than doubling the return of the Vanguard FTSE All-World ex-US ETF ( VEU ), EIS has been a leader before and after the conflict in Iran began. I had a buy rating on EIS back in December. Following my upgrade , shares are up 24%. Boasting solid alpha, I see the current valuation as still attractive. The chart, however, suggests the real possibility of a pullback as price hits key uptrend support. EIS remains a buy-the-dip play for active traders, while long-term investors should feel confident about future returns, in my view. Strong Alpha Over the Past 12 Months StockCharts .com According to the issuer , EIS seeks to track the investment results of a broad-based index composed of Israeli equities. It holds a range of companies domiciled in the Middle East with targeted access to Israeli stocks. The fund is used to express a single country view. EIS is a somewhat small ETF, now with $1.0 billion in assets under management as of May 5, 2026. That’s about double its AUM just since my previous analysis late last year. Its annual expense ratio is moderate to elevated at 59 basis points, while the trailing 12-month dividend yield is close to the S&P 500's at 1.17%. Share-price momentum has been stellar over the past year, with accelerated gains since late March. All of that results in a pristine A+ ETF Grade in that category by Seeking Alpha’s quantitative scoring system. The Israel ETF is a bit risky , as evidenced by its concentrated portfolio and above-market historical realized standard deviation. On liquidity , EIS has mixed marks. Its average daily volume is north of 100,000 shares, while its median 30-day bid/ask spread is high at 25 basis points. Thus, I encourage prospective investors to use limit orders, particularly around the market open. For an update on the portfolio, the ETF plots across the s...
The biggest US power grid needs a revamp to cope with the unprecedented surge in electricity demand stemming from the data-center boom, said Chief Executive Officer David Mills . As currently structured, PJM Interconnection LLC, which serves 67 million people across 13 states, can’t ensure ample electricity supplies while simultaneously shielding residential consumers from soaring bills, Mills wro...
The biggest US power grid needs a revamp to cope with the unprecedented surge in electricity demand stemming from the data-center boom, said Chief Executive Officer David Mills . As currently structured, PJM Interconnection LLC, which serves 67 million people across 13 states, can’t ensure ample electricity supplies while simultaneously shielding residential consumers from soaring bills, Mills wrote in a letter to stakeholders. “The current situation is not tenable,” Mills wrote in the letter published Wednesday. The “stress now visible in prices, reserve margins and investment pipelines reflects something more fundamental than a design that needs recalibration.” The crises stressing PJM include looming power shortages expected to hit the grid as soon as next year and the threatened defection of one of the largest US utilities — American Electric Power Co. Skyrocketing household electricity bills and the influx of power-hungry data centers have become electoral issues in some locales. Power costs have jumped across the PJM region, with rates climbing 51% in Maryland in the past five years and 41% in Illinois during that period, according to a US Chamber of Commerce report released on Tuesday. “The region has years, not decades, to make these choices deliberately,” Mills wrote. A policy paper put forward alongside Mills’ letter outlined three potential paths to mitigate a “credibility gap” between the need for high prices to entice power-plant construction and protecting consumers from higher bills. “Generators, utilities, investors and consumers must all believe, at a basic level, that the rules are fair, stable and the product of a process they recognize as credible,” Mills wrote.
Earnings Call Insights: Unifi, Inc. (UFI) Q3 fiscal 2026 Management View "We're pleased to report that our year-long effort to reduce our cost base and improve cash generation is providing results... we're a bit ahead of expectations for Q3," said Executive Chairman Albert Carey. He added, "The Madison plant closure is complete," and cited "much improved efficiencies" plus having "optimized our pr...
Earnings Call Insights: Unifi, Inc. (UFI) Q3 fiscal 2026 Management View "We're pleased to report that our year-long effort to reduce our cost base and improve cash generation is providing results... we're a bit ahead of expectations for Q3," said Executive Chairman Albert Carey. He added, "The Madison plant closure is complete," and cited "much improved efficiencies" plus having "optimized our product lines and SKUs so that we don't have products that contribute no profitability to our lineup." CEO Edmund Ingle said the quarter "clearly highlights the benefits of the actions we've taken to realign our cost structure and optimize our operations," adding, "We've kept our inventories flat, spend was managed with discipline" and "Structural changes to our customer contracts, combined with faster commercial decision-making, have positioned us well." "Consolidated net sales for the quarter were in line with our expectations, down 11% year-over-year, but up 7% sequentially," said CFO A.J. Eaker. He reported "consolidated gross profit was $9.1 million and gross margin was 7%," and "adjusted EBITDA during the period was $4 million," while "during the third quarter, we generated $7.2 million of free cash flow." Outlook "For the fourth quarter, we expect to see our Brazil segment benefit financially from the supply chain dynamics that currently exist in the market," CEO Edmund Ingle said. He added, "In the Asia segment, there is an expectation that we will see increased adoption and resulting revenues from our technologies and circular solutions," and "The Americas segment should improve in terms of volumes and revenues, primarily from pricing actions and our value-added beyond the apparel portfolio," while noting "we are still facing some demand challenges... specifically in Central America." CFO A.J. Eaker said, "Looking at the fourth quarter, we do anticipate a moderate increase in working capital to accommodate a modest increase in sales and the higher cost raw materials ...
Leon Black has denied he ever met or raped ‘Jane Doe’. In an exclusive statement, Doe tells the Guardian ‘I am still here. And I am not done’ Lawyers for Leon Black, the billionaire investor who has been accused in a civil lawsuit of raping a teenage girl inside Jeffrey Epstein ’s New York townhouse in 2002, reached out to a powerful federal judge in 2024 to raise doubts about the alleged victim’s...
Leon Black has denied he ever met or raped ‘Jane Doe’. In an exclusive statement, Doe tells the Guardian ‘I am still here. And I am not done’ Lawyers for Leon Black, the billionaire investor who has been accused in a civil lawsuit of raping a teenage girl inside Jeffrey Epstein ’s New York townhouse in 2002, reached out to a powerful federal judge in 2024 to raise doubts about the alleged victim’s claims, a Guardian investigation found. The move set off a months-long court proceeding, which was conducted outside of public view and led US district judge Jed Rakoff to reverse a $2.5m award that had been granted to the alleged victim in a separate Epstein-related class action lawsuit, according to court records. She was later given a much smaller settlement in the class action case. Continue reading...
Lululemon Athletica ( LULU ) founder Chip Wilson sent a letter to shareholders pitching the case that the company has drifted from being a premium, innovation-led brand into a more generic athletic retailer, which has hurt growth and share price performance. In particular, Wilson pointed to brand-diluting moves such as expanding into footwear and accessories, the Disney partnership, and the Mirror...
Lululemon Athletica ( LULU ) founder Chip Wilson sent a letter to shareholders pitching the case that the company has drifted from being a premium, innovation-led brand into a more generic athletic retailer, which has hurt growth and share price performance. In particular, Wilson pointed to brand-diluting moves such as expanding into footwear and accessories, the Disney partnership, and the Mirror acquisition, while also questioning low R&D and marketing spend, long product development timelines, and heavy use of outside executive hires Wilson thinks the LULU fix is to refocus on creative excellence, technical product details, experimentation, and stronger board oversight. As part of his appeal, Wilson once again urged shareholders to back his three nominees for the board. He thinks Marc Maurer, Laura Gentile, and Eric Hirshberg would be independent directors with backgrounds in technical products, brand-building, marketing, and creative leadership that could help restore LULU's “cool” and long-term value. Wilson founded Lululemon in 1998 after previously building and selling Westbeach Snowboard, and he became the company’s original CEO and later chairman. He stepped back from the board in 2015. Lululemon ( LULU ) is scheduled to hold its annual meeting on June 11. More on Lululemon Lululemon - The Stock Is On Sale, Buy It lululemon: The Product Is Great, But The Risks Are Greater (Rating Downgrade) lululemon Won't Remain Cheap For Too Long Lululemon moves to block founder's board nominees; called out for working with rivals Lululemon's CEO plan fails to impress analysts
An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters Prediction markets traders are confident the Securities and Exchange Commission will change its rules governing how often companies must report financial statements to shareholders, to semiannually from quarterly, following a formal proposal by regulators on Tuesday. Opinion i...
An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters Prediction markets traders are confident the Securities and Exchange Commission will change its rules governing how often companies must report financial statements to shareholders, to semiannually from quarterly, following a formal proposal by regulators on Tuesday. Opinion is more divided, however, as to when it will happen. After the proposal was disclosed Tuesday, odds on the Kalshi prediction market that regulations will be eased by April 2027 surged to 73% from 46%. Chances of faster approval, by next Jan. 1, initially jumped to 67%, fell to about 50-50 and recently stood at about 57% odds. Approval by January 2027 would mark an unusually quick turnaround in the SEC's rulemaking process. Before final commission debate, the proposal is subject to a 60-day public comment period. After that, commissioners may alter the proposal's structure based on public feedback, but the comment period only starts once the proposed rule is posted to the Federal Register. A 2023 analysis by law firm Wilson Sonsini showed that the Register can take between a few days and up to a month to post the proposed rule, with longer timelines usually coming when a proposal is over 100 pages. The proposed SEC rule on semiannual reporting comes to 279 pages . According to the SEC's index of rulemaking activity , the recent timeline between proposed rules and their final adoption is typically at least a year, and in some cases, years. On Polymarket, traders are giving a 51% chance that the SEC ends mandatory quarterly reporting in 2026. In other words, traders are making a big bet that the commission will work faster than its history suggests in changing the requirements for financial reporting by companies. Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment. Markets shift and headlines fade, but the cor...
Key PointsMuhlenkamp & Co. sold 101,570 shares of NMI Holdings in the first quarter; the estimated trade size was $3.93 million (based on quarterly average prices).
Key PointsMuhlenkamp & Co. sold 101,570 shares of NMI Holdings in the first quarter; the estimated trade size was $3.93 million (based on quarterly average prices).