ADVFN US – Market Content Editor
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Musk Says Colossus 2 Plans to Add Nvidia AI Chips by End of 2026
Elon Musk said SpaceXAI (NASDAQ:SPCX) plans to increase the number of advanced Nvidia (NASDAQ:NVDA) artificial intelligence chips used at its Colossus 2 data centre in Memphis, Tennessee, by the end of 2026. In a post on X early Friday, Musk said the facility has used 110,000 Nvidia GB200 chips and 440,000 GB300 chips. Musk, chief…
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Costco Q4 Revenue Reaches $95.7 Billion as Digital Sales Rise 19.5%
Costco Wholesale Corporation (NASDAQ:COST) reported fiscal fourth-quarter earnings and revenue above analyst estimates, with higher comparable sales and growth in digitally enabled transactions. The warehouse retailer reported earnings per share of $6.75 for the quarter, compared with the consensus estimate of $6.55. Revenue reached $95.7 billion, exceeding the analyst estimate of $94.85 billion. Net sales…
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BMO Sees AI Development Continuing Despite Security Concerns
Artificial intelligence security concerns are substantive, but major AI developers currently show limited signs of slowing the pace of model development, according to a BMO note published Friday. Citing its AI expert, BMO said concerns expressed by industry leaders about AI security reflected the importance of aligning advanced systems with human interests before potential problems…
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Gold Heads for Weekly Decline as Markets Assess Fed Rate Outlook and Dollar Strength
Gold prices moved higher on Friday but remained on course for a weekly decline as investors assessed the US dollar, Treasury yields and expectations for further Federal Reserve interest-rate increases. At 04:59 ET, spot gold was up 0.5% at $4,293.56 an ounce, while gold futures gained 0.7% to $4,329.97 an ounce. The US dollar index,…
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Oil Prices Fall as Markets Assess Reported US-Iran Talks on Strait of Hormuz
Oil prices declined on Friday as markets assessed reports that the United States and Iran were discussing a phased arrangement that could involve reopening the Strait of Hormuz. At 04:02 ET, November Brent crude futures were down 0.4% at $106.15 per barrel, while US West Texas Intermediate crude futures fell 1.1% to $93.62 per barrel.…
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US Stock Futures Rise as Treasury Yields Remain Elevated; Costco Reports Higher Quarterly Sales: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved higher on Friday as investors assessed elevated Treasury yields, developments in oil markets and quarterly results from Costco (NASDAQ:COST). At 03:12 ET, Dow futures were up 63 points, or 0.1%, while S&P 500 futures gained 11 points, or 0.1%. Nasdaq 100 futures rose 126 points, or 0.4%. The moves followed a…
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Wall Street Closes Narrowly Mixed as Treasury Yields Hit Near 19-Year Highs
U.S. stocks finished a choppy Thursday session little changed, with the Dow Jones Industrial Average slipping while the S&P 500 and Nasdaq Composite held roughly flat. Equities spent the morning under pressure as Treasury yields surged to their highest levels since 2007, but selling eased in the afternoon after reports that U.S. and Iranian negotiators…
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Kraig Biocraft Laboratories Completes Project Atlas Gene Library for Next-Generation Spider Silk Development
Kraig Biocraft Laboratories (USOTC:KBLB) has completed the foundational Project Atlas Gene Library after integrating all planned transgenes into living commercial silkworm hosts, moving the research program into breeding and evaluation of more than 200 potential genetic configurations. Key Investor Takeaways Why KBLB Stock Is in Focus Kraig Biocraft Laboratories has completed the foundational Gene Library…
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Bell Buckle Holdings Completes Las Vegas Venue Buildout Ahead of Planned Public Opening
Bell Buckle Holdings (USOTC:BLLB) has completed construction and remodeling of its new two-floor Las Vegas Boulevard venue, moving the project into a phased opening that is expected to begin with a soft launch next week. Key Investor Takeaways Why BLLB Stock Is in Focus Bell Buckle Holdings has completed construction and remodeling of its new…
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IonQ Superion 256 Platform Selected by Florida International University for First Florida Deployment
IonQ (NYSE:IONQ) has secured a contract to install its 256-qubit Superion quantum computer at Florida International University, marking the first sale and planned deployment of the system in Florida and expanding IonQ’s on-premises academic footprint. Key Investor Takeaways Why IONQ Stock Is in Focus IonQ has signed a contract with Florida International University to deploy…