Latest News
Applied Digital's Q3 Report to Test AI Data Center Strategy Amid Heavy Debt
Applied Digital's fiscal third-quarter results, due after Wednesday's close, will gauge whether lease revenue can offset a significant new debt load tied to its AI data center expansion. Options imply a 16.5% stock move.
Delta Axes LA-Anchorage Summer Route Amid Soaring Fuel Costs, Airport Delays
Delta Air Lines has canceled its planned summer nonstop service between Los Angeles and Anchorage, citing skyrocketing fuel expenses. Concurrently, Ted Stevens Anchorage International Airport is experiencing significant delays due to slush and deicing operations.
Plug Power Secures Major Quebec Electrolyzer Deal, Shares Edge Higher
Plug Power's stock gained in premarket trading following a significant electrolyzer contract award in Quebec. The company continues to target a financial turnaround by the end of 2026.
Deere's Tarter Partnership Targets Farm Implement Demand Amid Equipment Slowdown
Deere & Co. has partnered with Tarter USA to launch American-made Frontier flex-wing rotary cutters, targeting farmers who are delaying large equipment purchases but still buying implements. The company's shares gained 0.8% as initial dealer orders exceeded expectations.
Nokia AGM to Decide Leadership, Capital Return as AI Strategy Takes Shape
Nokia shareholders will vote on a new chair and expanded capital return powers at Thursday's AGM, with the company navigating a strategic shift toward AI-driven networking ahead of quarterly earnings.
Indian Equities Surge on Geopolitical Relief, Banks Lead Rally
Indian stock benchmarks jumped over 1% on Monday, with the Sensex climbing 787 points to 74,106.85, fueled by easing crude prices on potential Middle East de-escalation. Financial and consumer stocks led the advance.
Asia Imposes Fuel Curbs as Hormuz Crisis Escalates, Boosting Renewables
Asian governments have expanded emergency fuel measures as the prolonged Strait of Hormuz crisis keeps energy costs elevated, prompting rationing, tax cuts, and a pivot toward renewable energy sources.
Intel Shares Surge on Analyst Upgrade Amid AI Chip Supply Constraints
Intel shares gained 4.9% to $50.38 after KeyBanc boosted its price target to $70, highlighting constrained AI server chip supply and broad semiconductor price increases. The company also announced a $14.2 billion buyback of Apollo's stake in its Fab 34 venture.
Foxconn's AI-Driven Revenue Surge Signals Robust Demand for Nvidia Servers
Foxconn's first-quarter revenue surged 29.7% year-over-year, highlighting strong AI server demand for key client Nvidia. Nvidia projects $78 billion in Q1 revenue, excluding China data-center sales, as competition intensifies.
Markets Cautious as Iran Tensions, Fed Outlook Weigh on Oil and Equities
U.S. stock futures posted modest gains Monday as investors monitored Middle East tensions and recalibrated Federal Reserve rate expectations. Oil prices retreated slightly but remained elevated near $108 a barrel.
