July 22 (Reuters) – Advanced Micro Devices has signed a deal with artificial intelligence startup Anthropic for tens of billions of dollars worth of AI servers and will invest up to $5 billion in the company, the Wall Street Journal reported on Tuesday. The agreement covers up to 2 gigawatts of AMD’s next-generation Instinct MI450…
By Gregor Stuart Hunter and Johann M Cherian July 22 (Reuters) – Oil prices surpassed $95 per barrel on Wednesday as tensions intensified in the Middle East, pressuring U.S. equity futures ahead of key Big Tech earnings, while the dollar dipped against other major currencies. Traders also kept a wary eye on the Japanese yen…
Forget Trojan Horses. The Odyssey is bringing out the apes. Retail investors in cinema chain AMC [NYSE:AMC], who call themselves apes, are piling back into the stock after the strong opening of Christopher Nolan’s latest film. Options on the stock surged Monday, with over 300,000 contracts traded, CNBC reports. Share volume trading was nearly 4.5…
This article was originally published on ETFTrends.com. According to Bankrate’s Mortgage Rates, the national average for a 30-year fixed mortgage is 6.61%. That’s uncomfortably high and a major headwind to many prospective homebuyers, particularly those in the first-time category. But it’s not all bad news in the mortgage market. Confirming opportunity abounds for fixed income…
July 22 (Reuters) – Repligen Corp said on Wednesday it would buy BioLife Solutions in a cash-and-stock deal valued at about $1.5 billion, to expand the drugmaking equipment provider’s presence in the fast-growing cell therapy market. The acquisition gives Repligen access to BioLife’s technology to preserve cells throughout the manufacturing process and the supply chain,…
This article was originally published on ETFTrends.com. Each year, as headlines tout inflation or red hot returns, investors revisit their favorite value stocks. Value is rarely as flashy as growth, and in a moment defined by AI, value has trailed lots of tech and growth strategies. In response, many investors want to wait for the…
The race to dominate artificial intelligence is becoming one of the most expensive corporate contests in history. Amazon, Microsoft, Google parent Alphabet and Meta are expected to spend about $600 billion on AI infrastructure in 2026, according to Reuters. The historic spending spree is squeezing cash flow and putting pressure on companies to prove that…
US stocks slipped on Wednesday as investors parsed earnings from Alphabet (GOOG) and Tesla (TSLA) after the market close, while fresh tariffs and rising oil prices remained in focus. The Dow Jones Industrial Average (^DJI) fell just below the flat line in the final minutes of trading, while the S&P 500 (^GSPC) dropped 0.1%. The tech-heavy…
Movement Labs, the developer behind the Movement blockchain, has filed for Chapter 11 bankruptcy protection in the U.S. after months of turmoil triggered by its controversial token launch and a failed effort to revive the project. Court filings show MVMT Labs filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of…
The artificial intelligence boom has created an era of unprecedented uncertainty in the global economy. Large language models are evolving as quickly as they are being integrated, creating a major headache for anyone trying to project their future impact or even their current energy footprint. But while we don’t know exactly how much energy will…
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