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IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
Reuters47d agoneutral
IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster

IBM and startup Together AI have signed a $240 million multi-year ‌agreement to build a large-scale artificial intelligence ‌cluster on IBM Cloud using Nvidia systems, the companies ​said on Tuesday. The cluster will provide inference for open-source AI models, which have gained traction as businesses seek to rein in AI costs ‌and weigh concerns ⁠about cybersecurity incidents involving models from Anthropic, OpenAI and Meta. Inference, the process ⁠of running trained AI models to generate responses, has become one of the largest drivers ​of ​demand for computing capacity, ​prompting cloud providers ‌and chipmakers to spend billions of dollars expanding AI infrastructure.

Investing.com47d agobearish
Barclays reshuffles U.S. apparel retailers, cuts Under Armour, Gap ratings

Investing.com -- Barclays shook up its ratings across several U.S. apparel retailers on Monday, downgrading Under Armour and Gap while upgrading Abercrombie & Fitch, as the bank recalibrated its views on brand momentum, promotional activity and tariff exposure heading into the back half of the year.

Hims & Hers shares slide as costly weight-loss push squeezes margins
Reuters47d agoneutral
Hims & Hers shares slide as costly weight-loss push squeezes margins

Aug 11 (Reuters) - Hims & Hers Health's shares fell nearly 7% in premarket trading on Tuesday, as concerns over ‌shrinking profit margins overshadowed strong subscriber growth and a raised ‌annual revenue forecast. The company posted second-quarter revenue on Monday that topped expectations and added ​more than 300,000 subscribers.

Forkast News47d agoneutral
Anthropic’s $965B IPO Path Runs Through Seven Compute Corridors Across Three Continents

Anthropic’s $965 billion IPO path rests on the aggressive, multi-layered industrialization of compute. The company has transformed access from a variable cost into a structural moat by diversifying hardware and energy supply across three continents through seven distinct funding mechanisms — effectively decoupling its growth from the supply-chain bottlenecks that throttle competitors tethered to single-cloud […]

SpaceX Stock Is Falling After Regaining Offer Price. AST Earnings Is Just One Reason.
Barrons.com47d agobearish
SpaceX Stock Is Falling After Regaining Offer Price. AST Earnings Is Just One Reason.

SpaceX stock was falling in Tuesday’s premarket after a 3-day winning streak that pushed it back above its offer price pre-IPO. The satellite telecommunications company’s figures missed expectations, but it maintained guidance—which seemed enough for Cantor to raise its price target on the stock. It is the major competitor to SpaceX’s Starlink in Direct-to-Cell (D2C) space broadband and reported revenue of $31.5 million—below the $35.18 million consensus, according to FactSet—while posting an adjusted loss per share of $0.77 versus the expected $0.26 loss.

Tech Weekly: Nvidia raises cash, robot dogs keep homes safe
Reuters Videos47d agoneutralVIDEO
Tech Weekly: Nvidia raises cash, robot dogs keep homes safe

<body><p>STORY: From Nvidia drumming up cash to four legged robots keeping homes safe.</p><p>This is Tech Weekly.&nbsp;</p><p>:: Tech Weekly</p><p>Nvidia said it's partnered with six major financial institutions to launch compute financing platforms...</p><p>aimed at raising over $500 billion in third-party capital for AI infrastructure.</p><p>Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the potential deals.</p><p>The move highlights how surging demand for AI computing capacity is drawing institutional investors.</p><p>A U.S. appeals court allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok and Snap Inc's Snapchat.</p><p>It's over claims they designed their products to be addictive to young users.</p><p>A San Francisco-based court rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling requiring them to face more than 3,000 lawsuits filed in federal court.</p><p>&nbsp;Eyewitness video captured the moment China’s Long March 7A rocket exploded after take-off in Hainan.</p><p>State news agency Xinhua said the cause was under investigation.</p><p>The failure could trigger checks of other Chinese launches if investigators identify a problem involving shared components, manufacturing or Wenchang launch operations.</p><p>And would you trust a robot dog to keep you safe at home?</p><p>"Hey this is Landon from Undaunted products. How can I help you today?"</p><p>Robotic dogs are replacing overnight security guards at several Atlanta apartment complexes, where property managers say the machines are helping deter crime and improve safety.</p><p>At 445 Cleveland Apartments, two four-legged robots patrol the property's roughly 200 units.</p><p>The robots, operated by Atlanta-based startup Undaunted, are remotely controlled by human operators.</p><p>They monitor live camera feeds and communicate directly with residents through onboard speakers.</p></body>

On Holding (ONON) Matches Q2 Earnings Estimates
Zacks47d agoneutral
On Holding (ONON) Matches Q2 Earnings Estimates

On Holding (ONON) delivered earnings and revenue surprises of 0.00% and -3.42%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Duolingo earnings put a Wall Street warning to the test
TheStreet47d agoneutral
Duolingo earnings put a Wall Street warning to the test

Duolingo's latest quartergave investors fresh evidence that user growth is accelerating, but one Wall Street firm still sees a problem with what the market is paying for the language-learning company. Duolingo (DUOL) reported second-quarter revenueof $298.5 million, up 18% from a year earlier, ...

GRND Stock Has Soared 250% Since Its 2022 IPO Crash, Leaving Starbucks, Target and Ethereum Behind
Benzinga47d agoneutral
GRND Stock Has Soared 250% Since Its 2022 IPO Crash, Leaving Starbucks, Target and Ethereum Behind

Grindr Inc. (NYSE:GRND) has staged a stunning Wall Street turnaround, soaring 251.62% from its 2022 post-IPO trough to dramatically outperform mainstream retail titans Starbucks Corp. (NASDAQ:SBUX) and Target Corp. (NYSE:TGT), as well as crypto heavyweight Ethereum (CRYPTO: ETH). A Remarkable Market Comeback After making its public trading debut in late 2022, the dating platform’s shares plunged to a low of $4.65 on Dec. 30, 2022. As noted in financial market commentary by automated trading serv

Singapore's Sea tops quarterly revenue estimates as Shopee fuels e-commerce growth
Reuters47d agobullish
Singapore's Sea tops quarterly revenue estimates as Shopee fuels e-commerce growth

Singapore's Sea Ltd beat estimates for quarterly revenue on Tuesday, powered ‌by growth at its e-commerce business ‌led by Shopee and rising demand for its financial services. U.S.-listed ​shares of the company were up 7.6% in premarket trading. Shopee has grown into Southeast Asia's leading e-commerce platform through a combination of ‌aggressive discounting, gamified ⁠shopping features and a broad logistics network.

Rising Oil Prices Pressure Bond Market Again
The Wall Street Journal47d agoneutral
Rising Oil Prices Pressure Bond Market Again

Higher energy prices are reigniting inflation concerns, pushing global government bond yields upward. The benchmark 10-year Treasury yield rose to 4.729% this morning, according to Tradeweb, within striking of its year-to-date closing peak of 4.

Bloomberg47d agobullish
Blackstone-Backed REIT Agrees to Buy H&R in C$3.4 Billion Deal

(Bloomberg) -- GO Residential Real Estate Investment Trust, backed by a group of investors including Blackstone Inc., has agreed to buy H&R Real Estate Investment Trust in a cash and unit deal valuing the equity of the Canadian owner of apartment buildings at C$3.4 billion ($2.44 billion).Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimFiv

Bloomberg47d agoneutral
‘Beverly Hills, 90210’ School Faces Crisis With Shrinking Enrollment, Rising Costs

(Bloomberg) -- With its verdigris copper bell tower, the 90-year-old Alexander Hamilton High School in West Los Angeles encapsulates many of the Los Angeles Unified School District’s woes.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets WrapFive Takeaways From Zuckerberg’s 6,500-Wo

These Bonds Offer a Rare Buying Opportunity
The Wall Street Journal47d agobullish
These Bonds Offer a Rare Buying Opportunity

On Wednesday, the U.S. government is expected to report that consumer prices rose by 3.4% in July from a year earlier, or by 2.5% for those of us who don’t use food or energy. It’s easy to poke fun at government data or even to doubt its accuracy. Tax brackets, Social Security payments and retirement-account contribution limits are all pegged off of it.

How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings
Benzinga47d agoneutral
How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings

Ahead of Cisco Systems, Inc‘s fourth-quarter earnings report on Wednesday, Aug. 12, investors may be eyeing potential gains from the company’s dividends. Currently, Cisco has an annual dividend yield of 1.38%, which is a quarterly dividend amount of 42 cents...