Category: Latest News
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Nasdaq, S&P 500 Close Higher After Another Volatile Session
Stocks showed wild swings over the course of the trading day on Wednesday, extending the substantial volatility seen during the previous session. The major averages spent the day bouncing back and forth across the unchanged line. While the Nasdaq and the S&P 500 (SPI:SP500) ended the day firmly in positive territory, the narrower Dow posted…
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New $40 billion deal boosts global AI infrastructure
A consortium led by the Artificial Intelligence Infrastructure Partnership (AIP), MGX, and Global Infrastructure Partners (GIP), part of BlackRock, announced the acquisition of 100% of Aligned Data Centers, valued at approximately US$40 billion. Founded by BlackRock (NYSE:BLK), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), MGX and GIP, AIP was created to strengthen the infrastructure needed for AI-driven economic advancement. This…
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Ripple Expands Presence in Africa with Absa Bank Partnership
Ripple, the developer of the XRP token (COIN:XRPUSD) and an institutional blockchain provider, announced a partnership with Absa Bank, one of South Africa’s largest banks, to offer digital asset custody services to institutional clients. The agreement marks Ripple’s first major custody partner on the African continent. Absa Bank, which manages approximately 2.07 trillion rand (US$119.5…
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NBCUniversal and Aptos Labs Expand Partnership with Web3 Backlot Club Platform
NBCUniversal and Aptos Labs (COIN:APTUSD) have expanded their collaboration with the launch of Backlot Club, a Web3 platform designed to transform fan engagement with entertainment. Built on the Aptos Layer 1 blockchain, the project combines physical and digital experiences, offering verified rewards securely stored on a decentralized network. Backlot Club aims to unite Universal’s audience…
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CoreWeave Shares Climb on Plans for Massive AI Data Center in Texas
CoreWeave (NASDAQ:CRWV) stock rose 4.6% on Wednesday morning after The Wall Street Journal reported that the company is teaming up with AI startup Poolside to build a large-scale, self-powered data center complex in West Texas. The upcoming site, named “Horizon,” will be developed on more than 500 acres owned by the Mitchell family—an area roughly…
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Archer Aviation Shares Jump After Securing Lilium Patent Portfolio
Archer Aviation Inc. (NYSE:ACHR) surged 8.1% on Wednesday after the eVTOL aircraft developer revealed it had acquired Lilium GmbH’s portfolio of roughly 300 patent assets in a €18 million deal. The acquisition marks a major boost to Archer’s intellectual property position, increasing its global patent assets to more than 1,000. The portfolio includes critical innovations…
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Intel Shares Edge Higher After Reported Launch of New AI Chip for Data Centers
Intel Corporation (NASDAQ:INTC) rose 1.8% in premarket trading Wednesday after Reuters reported that the company had unveiled a new AI processor for data centers, marking its latest push into a market currently led by NVIDIA and Advanced Micro Devices. The new GPU, named Crescent Island, was introduced by Intel Chief Technology Officer Sachin Katti at…
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Origin Agritech Shares Surge on Successful Re-entry Into Northeast China Market
Origin Agritech Ltd (NASDAQ:SEED) soared 61.1% in premarket trading Wednesday after announcing a successful comeback to China’s Northeast agricultural market, a key region for the country’s grain production. The company completed its Northeast Variety Showcase and Technology Seminar in Changchun on September 18–19, drawing more than 200 dealers and partners. At the event, Origin introduced…
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Dragonfly Energy Shares Skyrocket After Patent Approval for New Battery Technology
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) surged 35% in premarket trading Wednesday after securing a new patent approval for its battery communication technology, marking a major milestone for the energy storage company. The United States Patent and Trademark Office issued a Notice of Allowance for Dragonfly’s latest patent application, which covers multi-battery systems and wireless devices…
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Credo Shares Surge After Joining Arm Total Design Ecosystem
Credo Technology Group Holding Ltd (NASDAQ:CRDO) jumped 7.2% in premarket trading Wednesday after the connectivity solutions company announced it has joined the Arm Total Design ecosystem. The move brings Credo’s high-speed SerDes and mixed-signal DSP IP portfolio to a broad industry partnership focused on next-generation silicon innovation. As part of the collaboration, Credo will make…