Category: Latest News
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QumulusAI boosts AI infrastructure with major Nvidia Blackwell GPU order
QumulusAI (NASDAQ:QMLS) has announced the purchase of 1,632 Nvidia Blackwell B300 GPUs as part of a significant expansion of its AI cloud infrastructure, marking one of the company’s largest capacity investments to date. The order includes 204 Nvidia HGX B300 systems equipped with the latest Blackwell B300 GPUs, alongside an additional 192 Nvidia RTX PRO…
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AeroVironment stock rises after securing $117.3 million U.S. Army drone contract
AeroVironment Inc. (NASDAQ:AVAV) shares climbed 2.7% in premarket trading on Monday after the defense technology company announced it had been awarded a $117.3 million contract by the U.S. Army for its P550 unmanned aerial system. The agreement, issued under a Basic Ordering Agreement through the Army’s Unmanned Aircraft Systems Marketplace initiative, covers the delivery of…
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Monster Beverage stock downgraded by Deutsche Bank as valuation limits upside
Monster Beverage (NASDAQ:MNST) was downgraded to Hold from Buy by Deutsche Bank, with analysts arguing that the energy drink maker’s recent share price rally has left limited room for further gains despite the company’s continued operational strength. The brokerage also increased its price target to $98 but noted that the revised target represents only around…
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LXP Industrial stock rises as Brookfield and CPP Investments agree $5.2 billion buyout
LXP Industrial Trust (NYSE:LXP) shares gained 3.8% in premarket trading on Monday after Brookfield Asset Management (NYSE:BAM) and Canada Pension Plan Investment Board announced an agreement to acquire the industrial real estate company in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. Under the terms of the definitive merger…
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IMAX stock gains after The Odyssey posts record opening weekend
IMAX Corporation (NYSE:IMAX) shares rose 4% after Christopher Nolan’s The Odyssey generated a record-breaking $52 million in global ticket sales across IMAX theatres during its opening weekend. Filmed entirely using IMAX 70mm cameras, The Odyssey accounted for 20% of the film’s worldwide opening box office. The release also set a new IMAX record for the…
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AMD stock climbs after Microsoft expands Azure AI partnership
Advanced Micro Devices (NASDAQ:AMD) shares gained 5% on Monday after Microsoft announced a major expansion of its strategic partnership with the chipmaker, positioning AMD’s latest AI hardware as a key component of Azure’s next-generation cloud infrastructure. At the centre of the agreement is Microsoft’s large-scale adoption of the AMD Helios Rackscale Solution, which will support…
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Wall Street futures rise as oil eases and investors prepare for tech earnings: Dow Jones, S&P, Nasdaq
Wall Street futures point to a stronger open U.S. stock futures traded higher on Monday, indicating Wall Street could begin the new week with gains after two consecutive sessions of sharp declines. Investors appear to be taking advantage of lower share prices following last week’s sell-off, with technology stocks leading the expected rebound. Nasdaq 100…
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FAA nears certification of Boeing 737 MAX 7 and MAX 10
Boeing (NYSE:BA) could soon receive Federal Aviation Administration approval for its 737 MAX 7 and 737 MAX 10 aircraft, with a senior FAA official indicating certification of both variants is approaching following an extensive regulatory review. Speaking to Reuters at the Farnborough International Airshow, Deputy FAA Administrator Chris Rocheleau said certification of the 737 MAX…
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Bristol Myers Squibb expands Nvidia AI infrastructure for drug discovery
Bristol Myers Squibb (NYSE:BMY) has expanded its artificial intelligence collaboration with Nvidia (NASDAQ:NVDA), announcing plans to deploy an Nvidia DGX SuperPOD powered by DGX Vera Rubin NVL72 systems to strengthen its AI infrastructure for drug discovery and development. The expansion builds on a partnership that began nearly three years ago and is designed to provide…
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IREN stock jumps as AI cloud contract wins lift annual revenue target
IREN Limited (NASDAQ:IREN) shares climbed 7% on Monday after the company announced $2.8 billion in new multi-year AI cloud services contracts and increased its year-end 2026 AI Cloud annualised run-rate revenue (ARR) target to more than $4 billion, up from its previous forecast of $3.7 billion. The company said the latest agreements mean approximately 85%…