Shares of Chevron Corporation CVX traded lower after the oil major announced a long-term agreement with Microsoft Corporation to supply electricity to a massive artificial intelligence data center in West Texas. Under the agreement, Chevron’s unit, Energy Forge One LLC, will build a 2.67-gigawatt natural gas power plant under Project Kilby, a development expected to
Shares of Fervo Energy FRVO surged on Monday as investors looked past a wider-than-expected quarterly loss and instead focused on the geothermal company’s new artificial intelligence partnership with Nvidia. The Houston-based geothermal startup, backed by Bill Gates, was up about 15% after announcing an agreement with Nvidia and the Pacific Northwest National Laboratory (PNNL) to
SK Hynix on Monday overtook Samsung Electronics to become South Korea’s most valuable listed company, in a striking turnaround for a chipmaker that had once come close to collapse under a heavy debt burden. The milestone reflects how the global artificial intelligence boom has reshaped the semiconductor industry and lifted demand for high-bandwidth memory, or
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are starting the new week on a steadier note after a volatile week that saw sharp corrections across major digital assets. BTC, ETH, and XRP fell by roughly 4%, 2%, and 6% over the past week, reflecting broader risk-off sentiment in crypto markets. However, early Monday trading shows
The pound weakened on Monday as investors assessed mounting speculation that British Prime Minister Keir Starmer could soon set out a timetable for his departure, opening the door for Andy Burnham to emerge as the country’s next leader. Sterling was down 0.2% at $1.321. The currency has now lost around 3% since pressure on Starmer
Bank of America has identified a fresh set of technology stocks that it believes are well-positioned heading into the second half of the year, with artificial intelligence and enterprise software trends expected to remain key drivers of performance. The brokerage named chip giant Nvidia, social media company Meta Platforms, cloud software provider Snowflake, observability platform
Pi Network (PI) is trading above $0.135 on Monday, approaching a crucial resistance level at $0.137. A decisive breakout above this zone could signal a short-term bullish continuation, supported by recent improvements in both price action and ecosystem development. While the token has recovered modestly over the past week, it remains well below major moving
Celestica stock price has slumped in the past few weeks, falling from the all-time high of $655 in June to the current $524. This retreat continued today, even after the company announced a $300 million investment in Texas. So, is it safe to buy the dip? Celestica announces a major US investment Celestica, a top
Shares of Snap Inc. have been under pressure after the company’s latest push into augmented reality, raising questions about whether its long-term investment in wearable computing can eventually translate into improved stock performance. SNAP stock has fallen 13% over the past five trading sessions and is down 42.6% year to date. The decline comes even
Charles Schwab Corporation partnered with Cboe Global Markets to introduce binary options tied to the performance of the S&P 500, marking its entry into the rapidly growing prediction markets segment. According to a report by The Wall Street Journal, the brokerage is working with Cboe to roll out all-or-nothing options contracts that allow customers to