Riot Platforms has signed a 20-year lease for 191 megawatts of data-center capacity at its Rockdale campus in Texas, turning power once developed for bitcoin mining into $9.1 billion of expected contract revenue. Riot called the customer a “leading frontier AI lab” in its 10 August filing with the Securities and Exchange Commission, while Bloomberg
CoreWeave does not need to beat the Street on Tuesday, because CoreWeave already told the Street it would not. The company guided second-quarter revenue to $2.45bn–$2.6bn, a midpoint of $2.53bn that sits roughly $160m below the $2.69bn LSEG consensus that was standing when the guide was issued. That is not a company sandbagging into a
Nebius is not being valued on the quarter it reports on Wednesday. It is being valued on a promise it has to keep by December, and the arithmetic of that promise is the most under-discussed number in the AI-infrastructure complex. Nebius exited the first quarter of 2026 with annualised run-rate revenue of roughly $1.92bn. Management
The Japanese yen softened against the US dollar, even after the Bank of Japan (BoJ) flagged rising risks of faster interest rate hikes in the last meeting. The USD/JPY pair rose to 158.23, up by nearly 2% from its lowest level this month. BoJ signals potential faster interest rate hikes There are signs that the
The July jobs report released today by the Bureau of Labor Statistics (BLS) revealed that the US economy shed jobs in July, a result almost no one forecast, and it landed nine days after the most divided Federal Reserve meeting in a decade. Nonfarm payrolls fell by 23,000, against expectations of an 80,000 gain, and
Gold can be expected to rise further to the next resistance level 4400.00 (former top of wave iv from the start of June and the target for the completion of wave 3). Gold broke resistance area Likely to rise to resistance level 4400.00 Gold recently broke the resistance area between the key resistance level 4200.00
Apparent deescalation in the Gulf and lower expectations for the Fed to hike twice have been negative for the US dollar. The dollar declined in recent days against most major currencies apart from the yen as traders reduced expectations of two hikes by the Federal Reserve (the Fed) before the end of the year. Now
The market did not punish Honeywell Aerospace for missing a quarter. It punished the company for admitting that the bottleneck is not going away, and that distinction is what separates a $250 bull case from a $118 bear case. HONA closed 6 August at $156.47, down 23.16% on the day and 36.7% below its 2
Micron trades at roughly 6.4x forward earnings, and almost everyone reads that number backwards. A single-digit multiple on a $1 trillion company looks like the cheapest large-cap in the market. In memory semiconductors it has historically meant the opposite: the market applies a trough multiple to peak earnings precisely when it believes those earnings are
Novo Nordisk raised its full-year outlook twice in 2026 and the stock is down 28% from its January peak. That combination is the whole investment case, in either direction. On 4 August the shares fell 6% on 47.5 million ADRs, the heaviest volume of the past year, and the headline everywhere was that the Wegovy