Cisco Systems (NASDAQ:CSCO), a networking and communication technology solutions provider, closed Thursday at $115.53, up 13.41%. The stock is rallying after a blowout fiscal Q3 report, raised guidance, and AI‑driven orders. Investors are watching how sustained AI infrastructure
Cisco Systems (NASDAQ:CSCO), a networking and communication technology solutions provider, closed Thursday at $115.53, up 13.41%. The stock is rallying after a blowout fiscal Q3 report, raised guidance, and AI‑driven orders. Investors are watching how sustained AI infrastructure
IREN (NasdaqGS:IREN) has completed a US$2.6b upsized convertible senior notes offering. The new capital is aimed at speeding up its shift from Bitcoin mining to AI cloud infrastructure. The raise follows a US$3.4b five year AI cloud agreement with NVIDIA and a multi billion equity investment right for NVIDIA in IREN. IREN has also acquired Mirantis and Nostrum/Ingenostrum to build out AI focused d...
IREN (NasdaqGS:IREN) has completed a US$2.6b upsized convertible senior notes offering. The new capital is aimed at speeding up its shift from Bitcoin mining to AI cloud infrastructure. The raise follows a US$3.4b five year AI cloud agreement with NVIDIA and a multi billion equity investment right for NVIDIA in IREN. IREN has also acquired Mirantis and Nostrum/Ingenostrum to build out AI focused data center capabilities in the US and Europe. IREN is moving from a pure play Bitcoin miner to...
Communist Mamdani's Latest Redistribution Scheme: Tax On All New York Homes Over $1 Million Bought With Cash Two days ago crestfallen commie mayor Zohran Mamdani abandoned his desperate plan to aggressively hike property taxes (even more) on New Yorkers following unprecedented pushback (but not before earning the former capitalist mecca a credit rating downgrade warning from most rating agencies)....
Communist Mamdani's Latest Redistribution Scheme: Tax On All New York Homes Over $1 Million Bought With Cash Two days ago crestfallen commie mayor Zohran Mamdani abandoned his desperate plan to aggressively hike property taxes (even more) on New Yorkers following unprecedented pushback (but not before earning the former capitalist mecca a credit rating downgrade warning from most rating agencies). However, since communists who are not redistributing wealth (eventually under the barrel of a gun) are useless communists, it only took Mamdani administration 48 hours before pitching his latest idea how to take: according to Bloomberg, New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million. The lawmakers are also considering expanding the tax to all-cash purchases over $1 million in New York, including those in the suburbs and upstate. The New York City levy alone is expected to raise $160 million to help fill the city’s budget hole. The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer, according to the people. A spokesperson for Governor Kathy Hochul said she “announced a general agreement with the State Legislature on many of the major elements of the FY 2027 Budget. The final budget bills will provide additional details.” All-cash transactions have risen in New York as soaring mortgage costs have deterred financing, and instead buyers opt to be hit with capital gains taxes and liquidated other securities to fund real estate purchases. They are also an attractive option for sellers in New York City’s ultra-competitive real estate market as it’s faster than dealing with the lengthy mortgage approval process, and less likely to fall through. Such purchases made up more than 60% of the nearly 18,000 transactions in New York City in the first six months of 2025, according to data compiled by the Center for New York City Neighborhoods. The report found that in Manhattan, nine out of 10...
You don't always have to dig deep in the weeds to find an undervalued growth stock . Highly visible Meta Platforms (NASDAQ: META) stock looks quite compelling after a post-earnings dip on tremendous results. Buying the stock now may feel like buying Alphabet in early 2025, before AI catalysts fueled an incredible rally. Here's why. Image source: Getty Images. Continue reading
You don't always have to dig deep in the weeds to find an undervalued growth stock . Highly visible Meta Platforms (NASDAQ: META) stock looks quite compelling after a post-earnings dip on tremendous results. Buying the stock now may feel like buying Alphabet in early 2025, before AI catalysts fueled an incredible rally. Here's why. Image source: Getty Images. Continue reading
In this article CBRS CBRS Follow your favorite stocks CREATE FREE ACCOUNT Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., holds the Wafer Scale Engine 3 AI chip during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images The tech billionaires club has two new members af...
In this article CBRS CBRS Follow your favorite stocks CREATE FREE ACCOUNT Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., holds the Wafer Scale Engine 3 AI chip during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images The tech billionaires club has two new members after Cerebras' blockbuster IPO lifted the chipmaker's market cap close to $100 billion. Roughly a decade after starting Cerebras, Andrew Feldman, the company's CEO, and technology chief Sean Lie, own stakes worth $3.2 billion and $1.7 billion, respectively. Cerebras shares soared 68% in their Nasdaq debut on Thursday, capping a remarkable rise for a company that withdrew its prior IPO filing seven months ago, opting instead to raise private capital. In February, Cerebras was valued at $23.1 billion by investors, and now the company is riding a fresh wave of demand for AI chips that's sent shares of Intel , Advanced Micro Devices and Micron soaring. Feldman told CNBC's "Squawk Box" that the company reached a level of maturity where it "made sense to access the public markets." "We have tremendous opportunities for growth, and this was the right way to fund our growth," Feldman said, after his company raised $5.55 billion in the largest IPO of the year. Stock Chart Icon Stock chart icon Stock chart for Cerebras over a period of 5 days. The day one pop also means a big markup for Cerebras' early investors and a much-needed win for Silicon Valley venture capitalists during what's been an extended dry spell for IPOs. Benchmark, which co-led Cerebras' Series A funding round in 2016, is sitting on shares worth $5.5 billion at Thursday's close. Foundation Capital, another key investor in that round, owns a stake valued at $4.8 billion. While total U.S. venture-backed exit value more than doubled last year to $217.1 billion, that number is less than one-third the peak in 2021, when e...
George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy. (Source: Bloomberg)
George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy. (Source: Bloomberg)
State officials in New York say the Salmon River district's special education program confined young children with disabilities in wooden boxes. Parents weren't notified. (Image credit: Used with permision)
State officials in New York say the Salmon River district's special education program confined young children with disabilities in wooden boxes. Parents weren't notified. (Image credit: Used with permision)
peterschreiber.media/iStock via Getty Images Gemini Space Station ( GEMI ) stock was up after the crypto and prediction markets platform reported better-than-expected first-quarter earnings and disclosed a $100M strategic investment by Winklevoss Capital Fund. WCF acquired 7.14M class A shares of the company at $14 per share, with the consideration paid in bitcoin ( BTC-USD ). Shares were 13.88% h...
peterschreiber.media/iStock via Getty Images Gemini Space Station ( GEMI ) stock was up after the crypto and prediction markets platform reported better-than-expected first-quarter earnings and disclosed a $100M strategic investment by Winklevoss Capital Fund. WCF acquired 7.14M class A shares of the company at $14 per share, with the consideration paid in bitcoin ( BTC-USD ). Shares were 13.88% higher at $5.99 during post-market trading on Thursday. The transaction enhances Gemini's liquidity and supports continued investment in product development, strategic initiatives, and general corporate purposes. "We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth," said CEO Tyler Winklevoss. "As Gemini continues to evolve, we expect that the momentum we have built in diversifying our revenue will only accelerate," said President Cameron Winklevoss. Net loss per share improved to $0.93 in Q1 from $30.34 in the same period a year ago, better than the Visible Alpha consensus of -$1.07. Total revenue increased 42% year-over-year to $50.3M, above the average analyst estimate of $49.48M. The growth was attributed to an increase in services and OTC revenue. Adjusted EBITDA improved to -$59.9M from -$61.6M. Additionally, the New York-based company said its Predictions unit gained meaningful traction in Q1 and accelerated into Q2, with April volume up 78% month-over-month. Earnings call is scheduled for 8:30 AM ET tomorrow. More on Gemini Space Station, Inc. Gemini Space Station, Inc. (GEMI) Q4 2025 Earnings Call Transcript Gemini Space Station: Dismal Quarter After Crypto Plunge Gemini Space Station: Not Chasing This Crypto Turnaround Yet Most and least shorted small-cap financial stocks at April's end Gemini stock surges on plans of its own regulated derivatives clearinghouse
New Workarounds Will Evolve in Energy, Some More Permanent CoreDesignKEY/iStock via Getty Images Like the oil futures and physical markets, the stock market and the real economy seem disconnected to some extent. U.S. consumers feel the pain at the pump and are responding accordingly. In the last week, I’ve heard from various analysts, experts, and producers in energy. Looking for new insight about...
New Workarounds Will Evolve in Energy, Some More Permanent CoreDesignKEY/iStock via Getty Images Like the oil futures and physical markets, the stock market and the real economy seem disconnected to some extent. U.S. consumers feel the pain at the pump and are responding accordingly. In the last week, I’ve heard from various analysts, experts, and producers in energy. Looking for new insight about the gravity and impact of the oil and gas crisis stemming from the Middle East, the most common and accurate refrain is: Nobody knows. Those in the industry offer mixed reviews of the situation owing to the many different value chains in energy and demand centers. So what do we know about this crisis now? The Strait of Hormuz is effectively closed. That means around 10-12% of the oil supply has been affected. More physical shortages are coming. A last count of the afflicted was 12-13 m/b/d. (See “ Over a Barrel ” from last week.) Price return chart of Indices (Seeking Alpha) The Flows Saudi Arabia’s flows are being diverted through its East-West pipeline, the new quest to find alternatives to get product to market. Up to 5 m/b/d can be flowed this way and exported outside of Hormuz, which is happening; the pipeline could potentially hold 7 m/b/d of capacity. In fact, Aramco has received higher price realizations and itself benefited from reflowing crude away from Hormuz. Rail lines are being used to move some coveted consumer goods to the UAE. Saudi crude exports (Bloomberg) Aramco’s Chief Executive Officer Amin Nasser said recently : “If trade flows resume immediately or today through the Strait of Hormuz, it will take a few months for the oil market to rebalance. (However), if trade and shipping remain curtailed by more than a few weeks from today, we anticipate the supply disruption to persist, and the market to normalize only in 2027.” Saudi Arabia’s crude oil exports are important in global markets. They now have 60% of pre-war exports online. If the UAE can ramp up a...