ImmunityBio IBRX has entered a new phase as a commercial-stage immunotherapy developer. The company’s near-term trajectory is closely tied to a single asset, Anktiva, which now anchors both revenue and the next wave of regulatory and launch milestones. With U.S. demand building, international authorizations arriving, and multiple label-expansion efforts in motion, 2026 sets up as a year where execution and regulatory cadence matter as much as clinical progress. IBRX’s Business Today Centers on Anktiva ImmunityBio is built around immunotherapies designed to activate both the innate and adaptive immune systems, and Anktiva is the company’s lead product and commercial growth driver. Revenue today is primarily generated from Anktiva product sales, making the launch trajectory central to the investment narrative. Anktiva is described as an interleukin-15 receptor superagonist antibody-cytokine fusion protein designed to stimulate natural killer cells, cytotoxic T cells, and memory T cells. That immune activation profile underpins its positioning as an immuno-oncology platform with potential to extend beyond a single setting over time. In the United States, Anktiva is approved with bacillus Calmette-Guérin (BCG) for adults with BCG-unresponsive non-muscle invasive bladder cancer (NMIBC) with carcinoma in situ (CIS), with or without papillary tumors. That labeled use defines the current commercial base and frames the first set of expansion opportunities the company is pursuing. ImmunityBio’s 2025 Revenue Inflection and What Drove It ImmunityBio posted total revenue of $113.3 million in 2025, up from $14.7 million in 2024. The mix underscores how concentrated the model is: product revenue contributed $113.0 million of the 2025 total, reflecting a first full year of commercialization momentum. The ramp ties directly to the launch timeline. After the FDA’s approval in April 2024, initial shipments began in May 2024, setting the stage for a broader revenue contribution in 2025...

The United States said it stepped up strikes on Iran to unprecedented levels today. Both sides have threated to escalate a conflict that has reached the two-week mark . Earlier today, US Defense Secretary Pete Hegseth told a briefing at the Pentagon that the campaign is “on plan to defeat, destroy, disable all of their meaningful military capabilities at a pace the world has never seen before.” The Islamic Republic is increasingly defiant, as its response spooks global oil markets. As the war wears on, Tehran’s leaders show no sign of seeking an off-ramp . The US and Israel have hit around 15,000 targets since the conflict began, Hegseth said. He said Iran’s newly appointed Supreme Leader Mojtaba Khamenei was wounded in a strike . Follow our live blog for the latest on the conflict. The North Atlantic Treaty Organization intercepted an Iranian missile that entered Turkish airspace on Friday, Turkey’s Defense Ministry said in a statement. There are several backchannels now open between Tehran and US allies about reopening the Strait of Hormuz in recent days, we’re told. But the assessment was downbeat on their chances of succeeding. The US also announced that the death toll for its military operation had risen. US Central Command in a statement said all six crew members aboard a US refueling aircraft that crashed in western Iraq yesterday were killed, bringing to 13 the number of American service members who have died. Almost 2,600 people have died in the war, most of them in Iran, the latest tolls from officials and non-government agencies show. What You Need to Know Today There is a build-up of oil supertankers in the Red Sea as Saudi Arabia races to bypass the Strait of Hormuz , which is effectively closed to commercial traffic. In the past day or so, 11 large crude carriers reached the kingdom’s Red Sea coast waiting of the to collect cargoes, ship-tracking data compiled by Bloomberg show. Saudi Aramco, the state oil giant, has said shipments will soon reach 5 mi...

Market stress is building at the fastest pace since last year’s tariff shock, as the war in Iran pushes oil prices higher , drives up borrowing costs and strengthens the dollar — a combination that is putting pressure on virtually every corner of financial markets at once. A Bank of America index that measures future price swings implied by global options markets in equities, rates, currencies and commodities has jumped to 0.79, not far from the 0.89 peak it reached during the Liberation Day turmoil in April last year, when President Donald Trump ’s sweeping tariffs sent markets into a tailspin. A reading above zero signals more stress than normal. The source of the pressure is different this time: the near-standstill of the Strait of Hormuz as Saudi Arabia, Iraq, the United Arab Emirates and Kuwait lower their collective output of oil. The spiraling conflict in the Middle East has wiped out trillions of dollars in global equity market values over the past two weeks as oil prices spike and inflation fears swirl anew. “For the first time since the Liberation Day selloff last year, implied volatilities are trading above their long-term averages across all major asset classes,” said Mandy Xu , head of derivatives market intelligence at Cboe Global Markets. “This is typically a sign of a macro crisis.” The S&P 500 is headed for its third straight weekly decline — its longest losing streak in a year. Two-year Treasury yields have jumped more than 30 basis points higher so far this month even after a Friday rally. Volatility across assets has soared with the MOVE Index , which tracks expected bond volatility, surging to the highest level since June while a Cboe index following oil gyrations rose to 2020 highs earlier this week. Even credit markets are showing signs of angst, with a Cboe index tracking volatility across junk bonds almost tripling from January levels. The BofA cross-market risk gauge incorporates implied volatility from option markets in global equities, ra...

This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) is reportedly pushing back the launch of its next major AI model after internal tests showed the system still lags some of the top models built by rivals. According to a New York Times report, the model, internally known as Avocado, didn't perform as well as competing systems from Google (NASDAQ:GOOG), OpenAI, and Anthropic in several key areas, including reasoning, coding, and writing. People familiar with the testing said Avocado still represents progress for Meta and performs better than the company's previous AI model. It also reportedly beat Google's Gemini 2.5 model released earlier this year. But it still fell short of the more advanced Gemini 3.0 model that Google introduced last November.

Hoddinott Hall, Cardiff Joan Tower’s concerto for alto saxophone was brilliantly delivered by Steven Banks, part of a lively concert The BBC National Orchestra of Wales is marking the 250th anniversary of the US Declaration of Independence in a series of concerts, and the UK premiere of Love Returns, by the 87-year-old American composer Joan Tower , was at the centre of this programme with Finnish conductor Tomas Djupsjöbacka . Tower is best known for her Fanfare for the Uncommon Woman and, in this work, a concerto for alto saxophone, she has realised an uncommonly appealing piece. Its title relates to Tower’s use of a melody from her piano piece, Love Letter, written in memory of her late husband, as the basis for a theme and variations structure, as different from conventional concerto form as can be, evolving and gradually accelerating in tempo over its whole span of six sections. The only departure from this is in the fifth of the six: a solo saxophone cadenza, brilliantly delivered by soloist Steven Banks . His sometimes edgy, sometimes honeyed tone was wonderfully expressive throughout, whirling virtuoso passagework countered by aching lyricism, with Djupsjöbacka ensuring that Tower’s orchestral textures offered the optimal balance to the solo lines. Continue reading...

Option traders moderately bearish in Microsoft (MSFT), with shares down 36c near $404.52. Options volume relatively light with 299k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 1.0 points near 27.77,and above the 52wk median, suggesting an expected daily move of $7.08. Put-call skew steepened, indicating increased demand for downside protection. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on MSFT: Disclaimer & DisclosureReport an Issue

Sundry Photography/iStock Editorial via Getty Images Arista Networks: Networking Is The Next Choke Point For those of you who thought that the AI boom was mostly about NVIDIA Corporation ( NVDA ), a timely article penned by CEO Jensen Huang provides important insights into elaborating why the AI infrastructure buildout is expected to broaden and proliferate across the economy. AI is a five-layer cake (Nvidia) In the now-famous “AI is a five-layer cake” analogy, he provides us with a pictorial representation of where Nvidia’s opportunity set currently is and where it has also expanded into, capturing economics across the layers that align with its core competencies. And one of them is arguably in the networking space, right? Within the five-layer cake, Nvidia enunciates why networking falls within the infrastructure labeling, but isn’t the only thing that belongs to that layer, but nonetheless is pivotal to where Nvidia believes it is competitive and well positioned to gain share and expand its growth pillars: The above chips are infrastructure. This includes land, power delivery, cooling, construction, networking, and the systems that orchestrate tens of thousands of processors into one machine. These systems are AI factories. They are not designed to store information. They are designed to manufacture intelligence. - Jensen Huang on “AI is a five-layer cake.” Nvidia data centre results (Nvidia) So the AI chip race that has been dominated by none other than Jensen Huang and his team is expected to feature networking more prominently from here, as the company faces questions on the potential for market share losses to custom chip archrivals like Broadcom Inc. ( AVGO ) or even its merchant chip peer, Advanced Micro Devices, Inc. ( AMD ). It is definitely not a coincidence that Nvidia wants to convince the market that networking has become the most important growth driver, taking over from its compute dominance. While networking accounted for just over 20% of its compu...

Your piece on “affordable commuter hotspots” was a welcome reminder that, in Britain, affordability is now a theoretical concept best observed from a moving train (Revealed: the new affordable commuter hotspots in Great Britain, 7 March). Only here could a house become “affordable” the moment you attach a season ticket priced like a minor surgical procedure. It’s the sort of logic that would make sense only to someone who has never attempted either. We’ve quietly accepted that the solution to unaffordable housing is … distance. Not building homes, not reforming planning, just encouraging people to live far enough away that the numbers look respectable on a spreadsheet. The towns newly crowned as “affordable” are simply the latest recipients of metropolitan overflow, rewarded with more commuters and none of the infrastructure. A more accurate headline might have been: “Where to live if you enjoy trains more than your home.” At least it would be honest. Richard Eltringham Leicester As a resident of Bamford, in the Peak District, I feel a sense of pride and smugness that you featured our village in your venerable organ last Saturday. However, there is one significant downside that you failed to warn potential buyers about. On every fine weekend and bank holiday they will be subjected to a remorseless barrage of noise from motorcyclists who seem to think that we all want to hear the deafening din of their petrol beasts and use our village as a race track. I long for the day when all motorbikes have to be electric (and as a result, 90% of today’s bikers sell their bikes and do something else, hopefully quieter, instead). Name and address supplied

财联社3月14日讯（编辑 牛占林） 美国科技巨头亚马逊与人工智能芯片初创公司Cerebras Systems周五宣布达成合作协议，将两家公司的计算芯片整合到一项新服务中，旨在加速聊天机器人、编程工具以及其他AI应用。 估值约231亿美元的Cerebras是一家AI芯片初创企业，正试图通过研发一种与英伟达旗舰芯片截然不同的AI芯片来挑战行业霸主地位。 今年早些时候，Cerebras还与OpenAI签署了一份价值100亿美元的芯片供应协议，使用Cerebras芯片为其热门聊天机器人提供算力支持。 根据周五公布的合作计划，Cerebras芯片将部署在亚马逊云服务(AWS)数据中心内，并与亚马逊自研的Trainium3 AI芯片连接，同时通过亚马逊定制的网络技术进行互联。 Cerebras首席执行官Andrew Feldman表示：“从个人开发者到全球最大的银行，各类客户都在使用AWS。”他补充称，这项合作将“让用户只需点击一下就能使用Cerebras的算力。” 不过，双方均未披露此次合作协议的具体规模。 亚马逊与Cerebras将合作解决AI领域中的一个关键环节——推理，即已经训练完成的AI模型接收用户请求并生成答案的过程。 双方将这一任务拆分为两个步骤：首先是"预填充"阶段，将用户的自然语言请求转换为AI计算机使用的"token"语言；其次是"解码"阶段，AI计算机生成用户所需的答案。 亚马逊表示，其Trainium3芯片将负责预填充阶段，而Cerebras芯片则负责解码阶段。 这笔交易凸显出算力市场正在发生的重要转变：AI产业正逐渐从模型训练阶段转向推理阶段。越来越多开发AI工具和智能代理公司意识到，虽然GPU在训练模型时速度快、性能强，但在需要更高响应速度的推理工作负载方面并不理想。因此，随着用户规模迅速增长、AI工具用户达到数百万级，企业正积极寻求多元化的芯片供应来源。 这一策略与分析师预计英伟达将在下周公布的方案类似。届时英伟达预计将介绍如何将其GPU与AI芯片初创公司Groq的芯片进行结合。英伟达在去年12月底斥资170亿美元收购Groq。 亚马逊在声明中表示，目前还无法对其服务(预计将在今年下半年上线)与英伟达尚未公布细节的方案进行详细比较，但公司预计其产品将具有更高的性价比。 “目前英伟达与Groq的整合时间表仍不明确，而我们的Trainium3项目距离运...

Emma Slawinski, chief executive at the League Against Cruel Sports, said: "A third horse death in only four days is heartbreaking news but not a surprise – every year horses are raced to their deaths at the Cheltenham Festival.

This article first appeared on GuruFocus. Apple (NASDAQ:AAPL) is lowering the fees it collects from app developers in China, a move that could ease tensions in one of the company's most important markets after discussions with local regulators. The iPhone maker said its standard commission on purchases in the mainland China App Store will fall to 25% from 30%, with the change taking effect March 15 and applying to apps distributed on both iOS and iPadOS. The company is also adjusting fees tied to China's rapidly expanding mini-app ecosystem, the lightweight programs that run inside platforms such as Tencent's WeChat. Apple said the commission on those transactions will drop to 12% from 15%, while developers generating less than $1 million in revenue during the previous year will qualify for the same rate. Tencent said the adjustment could help create a more open and mutually beneficial platform environment, which may support innovation, while Jefferies analysts estimate the lower fees could add a low-single-digit percentage gain to Tencent's earnings in 2026. The change follows years of friction between Apple and Chinese internet groups such as Tencent and ByteDance, whose super-apps host large ecosystems of third-party developers. China's antitrust watchdog, the State Administration for Market Regulation, has been examining Apple's App Store fees, with discussions between regulators, Apple executives, and developers dating back to 2024. Apple also reached a separate agreement in November with developers including Tencent (TCEHY) covering payments in mini games and apps, an area where transactions had often been routed through payment methods outside Apple's system.

格隆汇3月14日｜以色列国防军：发现从伊朗发射的导弹朝以色列领土飞来。

格隆汇3月14日｜市场消息：关于《琼斯法案》豁免的可能性，美国尚未做出最终决定。顾问们对于是否暂停执行这项保护主义航运法存在一些分歧。

In his article on nature protections (How can we really protect Britain’s environment?, 8 March), Sam Dumitriu of Britain Remade celebrates habitat recovery and calls for more focus on such efforts and less on legal protections for nature. But legal protections are the only thing protecting the habitats we have left. Over the past 100 years, the amount of healthy natural habitat in England has shrunk: 99.7% of fens, 97% of species‑rich grasslands, 80% of lowland heathlands, up to 70% of ancient woodlands and up to 85% of saltmarshes have been lost. Attempting to restore natural habitats while trashing those we have left is akin to building a house while simultaneously robbing the foundations. Mr Dumitriu also claims that legal protections for nature “block the green building we desperately need”. This will come as a surprise to those working on thousands of projects where vital climate infrastructure is being delivered alongside nature mitigations. Healthy, carbon-storing natural habitats are a prerequisite for achieving net zero; climate infrastructure and nature recovery measures go hand‑in-hand. Mr Dumitriu’s approach would undermine the very objectives he seeks. Joan Edwards Director of policy and public affairs at The Wildlife Trusts Kevin Austin Director of policy and advocacy at RSPB Ali Plummer Director of policy and advocacy at Wildlife and Countryside Link Abi Bunker Director of nature recovery at the Woodland Trust Asking a pro-growth lobby group what they think of environmental regulations is like asking Tony Blair about an illegal war in the Middle East – you’re going to get the wrong answer. Sam Dumitriu’s article suggests that we can somehow protect Britain’s environment by watering down environmental legislation. Many ecologists, conservationists and indeed displaced wildlife would be surprised by his statement that the UK doesn’t, and almost certainly never will, build enough to drive nature loss. Development poses a severe threat to biodiversity, d...

This article first appeared on GuruFocus. Palantir Technologies (NASDAQ:PLTR) shares have pulled back from recent highs but analysts say strong demand for its artificial intelligence software platform may support further growth. The data analytics firm's stock has fallen about 26% from its 52-week peak as investors reassessed high valuations and shifted capital within the technology sector. Despite the decline, demand for Palantir's Artificial Intelligence Platform, or AIP, appears to remain strong, supporting the company's long-term outlook. Palantir Stock Falls From Record Highs -- Why Analysts Still See Big Upside Management expects revenue between $7.182 billion and $7.198 billion for 2026, representing about 61% year-over-year growth. That would mark an acceleration from roughly 56% growth recorded in 2025, suggesting continued adoption of the company's AI-driven software tools across commercial and government clients. Growth has been particularly strong in the U.S. market. The company said its U.S. business expanded 93% year over year in the fourth quarter, while U.S. commercial revenue climbed 137%. Contract activity also strengthened, with total contract value reaching a record $4.3 billion during the quarter. Government demand remains another potential driver. Palantir's U.S. government segment grew 66% in the fourth quarter as agencies increased spending on analytics and intelligence software amid rising geopolitical tensions. Analysts have grown more bullish on Palantir Technologies Inc in 2026, with upgrades from Mizuho and Citi and higher targets $195$235, while UBS raised its outlook to $180. Wall Street sees robust AI and government demand but warns valuation remains elevated, implying execution must match near-term expectations closely. Overall, Analysts maintain a Outperform consensus rating, with the highest price target of $260 implying more than 25% potential upside from recent levels.

Palantir Stock Falls From Record Highs -- Why Analysts Still See Big Upside TradingView

The rugby Gods know what they're doing. Scotland's last barrier to glory is in the home of the team that has caused them the most pain. It's almost like a movie script - Scotland trying to defeat their great nemesis. Rocky in rugby boots. There are a million things that Scotland must get right, but it can all be narrowed down to physicality. Ireland have had too much of it in the past and Scotland have had too little. You can make rugby as complex as you like but one simple truth remains and Sione Tuipulotu, Scotland's deeply impressive captain, delivered it on Friday. "I think that's the game, to be honest," he said of the need to win the physical confrontations. "In Test rugby you go through all these things of game planning and all the intricacies around the lineout, scrum or even kick strategy, but I feel like Test rugby is pretty simple, you win the collisions, you win the game. "The collisions are the breakdown, the collisions are the target, the collisions are the defence. If you can win those three - I haven't seen many people lose when they win those three. "The breakdown is going to be a big part of it. Definitely [Ireland] have picked some guys that are pretty notorious as breakdown pests. That's the part of the game that we need to control in order to get our game out there. That's no secret." Scotland have been reluctant to show emotion in their public utterances this week. Townsend was particularly deadpan on Thursday and no wonder. Keeping a lid on that stuff is sensible. Going overboard on the momentous nature of this contest is not a smart play. Tuipulotu went close, though. There is such power in so much of what he says and that was the case again on Friday at Aviva Stadium when he was asked about his father Fohe, who was in the Murrayfield crowd last weekend to watch his son captaining Scotland for the first time. "My dad doesn't speak much," he said. "He's been coming to all my rugby games since I was a kid but he doesn't have much to say after a...

Dave Lawley recalls his father’s involvement with the Argyle Library Egg It was sad to read the saga of the Argyle Library Egg ( My dad made the biggest jewelled egg in the world. The obsession would destroy his marriage, family and fortune, 7 March ) and of the untimely death of Paul Kutchinsky. But repeated references to the egg that he made is akin to crediting Elon Musk with devising the Tesla car. There were six master craftsmen who worked 7,000 hours to create the egg. My father, Geoff Lawley, made all the intricate furniture mounted on the three 120-degree vistas inside the egg. When the egg could not be sold, my father and the other craftsmen were made redundant by the De Vroomen Alexander workshop. He never worked again, but I’m pleased to report he is alive and well and celebrated his 95th birthday this week, although his memories of his part in the creation of this masterpiece are now fading. Dave Lawley Buckland, Hertfordshire Continue reading...

JHVEPhoto/iStock Editorial via Getty Images There are a number of ways to make the bull case for Comcast Corporation ( CMCSA ) stock here. Shares have already bounced 26% from a 10-year low reached in late October, but on a consolidated basis they remain cheap relative to earnings and cash flow. The core Residential & Connectivity Platforms segment, which drove ~two-thirds of Adjusted EBITDA in 2025, offers a turnaround case. Comcast is revamping its go-to-market strategy and pricing in a bid to recapture customers lost to competition. In the remaining part of the business, there are potential "hidden asset" arguments for assets like Universal Studios and the theme park business, both of which ostensibly should receive far higher valuations than does Comcast as a whole. That in turn might suggest a "sum of the parts" case, which too argues for solid upside for Comcast on paper. And ostensibly, the arguments for the two sides of the business should work together: a scenario where sentiment improves toward the core broadband offering should see investors also give greater focus to (and have stronger confidence in) the rest of the portfolio. It's a tempting case, certainly. But that's almost part of the problem. The history of the past 15 years or so shows that these tempting cases so rarely play out. Consumer-facing businesses dealing with secular challenges have seen their valuations come in and thus seem to provide opportunities, particularly relative to historical valuation. That trend has held across multiple industries: packaged food, alcoholic beverages, legacy media, and retail, to name just a few. Very few of those cases have actually worked out. Most legacy businesses that manage secular change, unsurprisingly, have not been able to navigate well. It's possible Comcast is an exception to the trend, but at least for now it seems a bit too early to bet aggressively that it will be. The Comcast Turnaround Looking to 2025 results , Comcast stock looks exceptional...

Amkor Technology AMKR is lining up for a pivotal second half of 2026 as structural artificial intelligence (AI) and high-performance computing (HPC) demand accelerates advanced packaging activity. The company’s setup includes two CPU programs nearing launch and a wave of AI personal computer-related devices ramping earlier in 2026. For the first quarter of 2026, Amkor guided sales to $1.60-$1.70 billion (midpoint up ~25% year over year). The story for the back half of 2026 is less about a single quarter and more about whether qualification milestones, supply availability and capacity expansions converge on schedule. Amkor Technology, Inc. Revenue (TTM) Amkor Technology, Inc. revenue-ttm | Amkor Technology, Inc. Quote AMKR’s AI Packaging Surge in 2026 Computing is expected to grow more than 20% year over year in 2026, an important anchor for Amkor’s AI and HPC exposure. That end-market lift matters because it typically carries higher-value packaging and test content than mainstream work. The key operating signal to watch is the expectation that advanced packaging platforms, specifically 2.5D and High-Density Fan-Out (HDFO), are expected to nearly triple over the course of 2026. If that ramp materializes, it sets up a meaningful mix shift, especially after advanced products dominated sales in the fourth quarter of 2025. Amkor’s CPU Program Launch Catalysts Two CPU HDFO programs are in final qualification and targeted to launch into high-volume production in the second half of 2026. Qualification timing is central because it defines the usable production window for second-half revenue capture and the pace of utilization improvement. Amkor has also indicated that one of these CPU programs may not reach full volume by year-end. This implies the second half can still show meaningful progress without every program achieving peak run-rate before the calendar turns, which can shift the shape of revenue and margin benefits into later periods. AMKR’s Constraints That Could Del...

格隆汇3月14日｜据估计，随着冲突进入第14天，伊朗战争造成包括平民和军人在内的超过2000人死亡。

Prof Liv Nilsson Stutz and Prof Sarah Tarlow respond to an article on ethical questions about remains from overseas in UK museums Regarding your article on “overseas” human remains in British museums ( Vast scale of overseas human remains held in UK museums decried by MPs and experts, 7 March ), while the public may be surprised, the issue of human remains in museums has been central to archaeologists, anthropologists and museum professionals for decades. The question for us is not whether it is acceptable that human remains can be found in “sacrilegious” conditions (clearly not), but how can we best care for human remains in museum collections? What we find both counterproductive and incorrect is the suggestion that collection managers and museums are unmoved by the ethical challenges posed by the remains in their care. We recently concluded a large research project examining the ethical treatment of human remains in European institutions. Our survey clearly shows that collection managers, often with very scarce resources, are deeply concerned with the human remains in their care, and overwhelmingly demonstrate empathy and concern for them. Moreover, human remains from colonial contexts tend to receive more, not less, ethical attention than human remains from local or archaeological contexts. Continue reading...

Fintech startup Ramp is looking to crack open the European market with the acquisition of UK and Swedish-based payments platform Billhop. Ramp CEO Eric Glyman discusses the deal with Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Tesla stock is facing a sideways consolidation phase. An iron condor trade on the EV maker could generate a solid return in weeks.

Key Points Customer concentration is the headline risk; Roughly 80% of Credo's revenue comes from just two hyperscalers. Credo’s ultra-reliable AEC cables, plus new products like ZeroFlap optics, PCIe retimers, and optical DSPs, are expanding the company's market. 10 stocks we like better than Credo Technology Group › Credo Technology Group (NASDAQ: CRDO) just posted its latest quarterly results, highlighting $407 million in revenue -- a 201% year-over-year increase. Its gross margin sits at 68.5%, and it has $1.3 billion in cash. Its non-GAAP (adjusted) net income hit $208.8 million in a single quarter. All are metrics that suggest very positive results. So what's the problem that seems to have investors still hesitant about Credo? Two customers account for roughly 80% of that revenue. 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 » That kind of concentration makes portfolio managers nervous, and it should. When your business is built on the spending cycles of a handful of hyperscalers, one delayed AI build-out or one inventory digestion quarter can crater the stock overnight. Concentration is a risk, but one that is easing Just such a cratering happened in early 2023, when Credo's largest buyer cut demand forecasts, and the company's growth flatlined for two quarters. But that was then; here's what matters about concentration risk at Credo going forward: The customer base is diversifying. In fiscal 2024, Credo had two hyperscalers above the 10% revenue threshold. By Q1 of fiscal 2026, that number was three, with a fourth approaching the mark. These customers aren't being lured with discounts. They're coming to Credo because no one else makes what it makes at this level of reliability. Credo's core product is its Active Electrical Cable (AEC), which connects GPUs inside data centers. In clusters ...

This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) shares slipped 2% on Friday morning after a report said the company's latest artificial intelligence model has not matched the performance of rival systems. The New York Times reported that Meta's new foundational AI model, code-named Avocado, lagged leading models from Alphabet's Google (NASDAQ:GOOGL), as well as systems developed by OpenAI and Anthropic, in internal testing for reasoning, coding, and writing capabilities. People familiar with the matter said the model performed better than Meta's earlier AI system and also surpassed Google's Gemini 2.5 model released in March. However, it did not match the capabilities of Gemini 3.0, which was introduced in November, the report said. As a result, Meta has delayed the release of the Avocado model to at least May, rather than launching it this month. Executives within the company's AI division have also discussed the possibility of temporarily licensing Google's Gemini technology to support some of Meta's AI products, though no final decision has been made. Meta has been investing heavily in artificial intelligence infrastructure, hiring researchers and committing large sums toward data-center expansion to support the development of advanced AI systems.

据英国天空体育（884258）新闻当地时间3月13日报道，由于中东地区冲突局势未见缓解，原定于下个月在巴林和沙特阿拉伯举行的两站世界一级方程式赛车(F1)比赛预计将不会如期进行。根据原计划，巴林大奖赛将于4月12日举行，随后一周的4月19日由沙特阿拉伯接棒举办。截至目前，F1方面与国际汽车联合会均拒绝对此置评。英国天空体育（884258）新闻的报道称，官方预计将在未来48小时内正式宣布这一决定。此前有报道称，如果这两场比赛被取消，F1将不会在赛历中安排替代赛事。(CCTV国际时讯)

This article first appeared on GuruFocus. Lucid Group (NASDAQ:LCID) shares climbed about 3% on Friday morning after the electric vehicle maker outlined plans for a new midsize platform and broader product strategy during its Investor Day. The company said the upcoming platform will support three new electric vehicles targeting the mainstream EV segment, with a starting price of roughly $50,000. The vehicles are expected to compete with models such as Tesla's (NASDAQ:TSLA) Model 3 and Model Y as Lucid looks to expand beyond its premium lineup. Management also indicated it sees a potential path to reaching positive cash flow by the end of the decade as production volumes increase and the company broadens its market reach. The strategy appears focused on moving into higher-volume segments of the U.S. auto market. Analysts offered mixed views on the plan. RBC Capital Markets said the company's move into midsize vehicles could help address challenges Lucid has faced selling premium cars against established luxury brands. The firm maintained a Sector Perform rating. Morgan Stanley said the platform may support the company's long-term goal of becoming free cash flow positive, particularly if partnerships related to autonomous technology help diversify revenue streams. However, the bank noted that softer EV demand and execution risks in a competitive market could weigh on near-term progress.