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DGII News27 articles
XRP Gains Regulatory Clarity as Digital Commodity Amid Market-Wide Risk-Off Move
XRP traded around $1.44 Thursday after U.S. regulators formally designated it a digital commodity, aligning it with Bitcoin and Ether. However, the announcement was overshadowed by a broader market sell-off driven by surging oil prices and risk aversion.
Cipher Digital's AI Pivot Under Scrutiny as Analyst Cuts Target Amid Mining Exit
Cipher Digital shares declined following a price target reduction by Keefe, Bruyette & Woods. The move reflects concerns over the company's transition from bitcoin mining to AI-focused data center development.
Marathon Digital Outperforms Mining Peers Amid Bitcoin Volatility, Posts Heavy Loss
Marathon Digital Holdings shares advanced 1.1% on Thursday, outperforming rival bitcoin miners as the cryptocurrency traded near $70,331. The company disclosed a substantial net loss for 2025 despite a 38% revenue increase.
Costco Holds Cash, Focuses on Digital Growth After Strong Quarter
Costco posted quarterly sales of $68.24 billion and net income of $2.04 billion, exceeding forecasts. The company holds $17.38 billion in cash but has no immediate plans for a special dividend, focusing instead on warehouse expansion and digital investments.
Western Digital Leads Tech Rout as Oil Spike Sparks Inflation Fears
Western Digital shares tumbled roughly 6% on Tuesday, leading a decline in data storage stocks as a spike in oil prices fueled inflation concerns and rattled the broader market. A regulatory filing also showed a planned insider sale.
Western Digital Stock Dips Amid 32TB Drive Shipment Data, AI Demand Focus
Western Digital stock declined approximately 3% during Monday trading, underperforming broader indices. The company disclosed it shipped 3.5 million units of its high-capacity 32TB nearline hard drives in the previous quarter.
Western Digital Stock Dips Amid 32TB Drive Shipments, AI Demand Focus
Western Digital stock declined roughly 3% in Monday trading, underperforming the broader market. The company's sales director disclosed shipments of 3.5 million high-capacity 32TB hard drives last quarter.
Western Digital Insider Sale Draws Attention Ahead of Key March Events
Western Digital shares declined after an insider sale filing by its chief legal officer. Investor focus shifts to an upcoming Morgan Stanley conference and the stock's ex-dividend date.
Western Digital Rises on $3.17B SanDisk Stake Sale to Cut Debt
Western Digital shares advanced 2.5% following news of a major debt reduction deal involving the sale of part of its SanDisk holding. The company's sales chief also sold shares under a pre-arranged plan.
Walmart Shares Dip on Cautious Consumer Outlook Despite Strong Digital Growth
Walmart shares declined 1.5% in early trading Friday as the retailer's cautious outlook regarding budget-conscious consumers offset strong digital sales growth and a dividend increase.
Western Digital's SanDisk Stake Sale Fuels Stock Volatility, Debt Focus
SanDisk shares advanced as Western Digital divested a significant portion of its stake, raising $3.17 billion for debt reduction. Market attention now shifts to the potential sale of Western Digital's remaining 1.7 million shares.
Western Digital's 2026 Hard Drive Capacity Fully Booked, CEO Says
Western Digital's CEO revealed that 2026 hard drive manufacturing capacity is nearly entirely committed, backed by purchase orders from its seven largest customers and long-term contracts running through 2028.
Western Digital Shares Dip Ahead of Key Fed Data and Inflation Report
Western Digital shares declined 0.9% to $281.58 on Friday amid light trading volume. Investors await Federal Reserve minutes and inflation data this week while monitoring company developments.
McDonald's Shares Dip After Recent High; Analysts Boost Targets on Value, Digital Strategy
McDonald's shares fell 1.36% to $327.58 Friday, partially reversing prior gains. Analysts at Argus and Jefferies raised price targets, highlighting value offerings and digital initiatives.
Standard Chartered Shares Recover After CFO Departure, Digital Push
Standard Chartered shares rose 0.6% Friday, recovering part of Thursday's 4.7% drop. The bank appointed an interim CFO and unveiled a digital assets partnership.
HSBC's Orion Platform Selected for UK Digital Bond Pilot
The UK Treasury has chosen HSBC's Orion blockchain platform to conduct a pilot issuance of tokenised government bonds. The bank's shares closed at 1,305.4p ahead of its annual results announcement on February 25.
Nationwide Pioneers Fully Digital Mortgage Signing in UK Market
Nationwide Building Society has launched the UK's first fully digital mortgage signing process, eliminating the need for physical witnesses. The move aims to accelerate property transactions amid industry-wide delays.
Applied Digital Ties Executive Equity to Hyperscaler Lease Milestones, Shares Volatile
Applied Digital shares experienced significant intraday volatility after an SEC filing revealed performance-based stock awards for top executives tied to securing long-term hyperscaler leases and data center capacity targets.
Western Digital Stock Tumbles 7% Amid Debt Redemption, Tech Sector Pressure
Western Digital shares dropped over 7% Tuesday after the company moved to redeem its 2026 senior notes, underperforming storage peers as weak retail sales and a sector downgrade weighed on tech stocks.
Ether Holds Near $2,000 as Digital Art Adoption Sparks Regional Interest
Ether trades around $2,020 after testing the $2,000 support level, while Standard Chartered maintains a $7,500 price target for late 2026. Emerging discussions highlight Corning, NY as a potential hub for Ethereum-based digital art.
Applied Digital Ties Executive Compensation to Hyperscaler Leasing Targets, Shares Rally
Applied Digital shares surged 9.4% after the company linked executive stock awards to ambitious data-center leasing and profit milestones. An analyst raised the price target to $56 citing potential new hyperscaler contracts.
Western Digital Gains After Bond Redemption, Focus Shifts to Buybacks and AI Demand
Western Digital shares advanced in after-hours trading following the early redemption of its 2026 senior notes, as the company emphasizes balance sheet management and shareholder returns.
Applied Digital Shares Surge Nearly 10% Amid AI Data Center Rally
Applied Digital stock climbed 9.6% to $38.32 in volatile trading, reflecting renewed investor appetite for AI infrastructure plays. The company has become a key proxy for computing capacity investments.
Western Digital Gains on Early Debt Redemption, Investors Eye Economic Data
Western Digital shares advanced 2.7% after the company secured funds to retire its 2026 senior notes ahead of schedule. Market participants are awaiting key U.S. employment and inflation reports this week.
Applied Digital Soars 25% on AI Infrastructure Revival
Applied Digital shares surged 25.5% to $34.95 Friday amid heavy trading volume, driven by renewed investor interest in AI-linked infrastructure stocks. The company recently reported $126.6M in quarterly revenue and secured major data center leases.
Applied Digital Soars 25% on AI Infrastructure Revival, Eyes Key Economic Data
Applied Digital shares surged 25.5% to $34.95 Friday amid heavy trading volume, fueled by renewed investor interest in AI infrastructure stocks. The company's recent hyperscale lease signings and upcoming economic indicators are in focus.
Applied Digital Surges 25% Amid AI Infrastructure Rebound
Applied Digital shares soared 25% Friday following a 250% revenue jump and new data center leases, as AI-related stocks recover.