Perplexity Chooses CoreWeave to Scale AI Inference, Stock Rises
CoreWeave announces multi-year deal to power Perplexity's AI inference on NVIDIA GB200 clusters.
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Abercrombie & Fitch Sees Slower Growth Ahead — Builds 15% U.S. Tariff Impact into 2026 Guidance
Abercrombie & Fitch issued a cautious 2026 outlook, projecting 3–5% sales growth after factoring in the full 15% U.S. tariffs. Shares fell 5% in premarket trading.
SSR Mining Cashes Out: Sells 80% Çöpler Stake to Cengiz for $1.5 Billion
SSR Mining agrees to sell its 80% stake in Turkey's Çöpler gold mine to Cengiz Holding for $1.5B in cash. Deal expected to close Q3 2026; proceeds for reinvestment, shareholder returns, and growth as company shifts focus to Americas.
BW Lands Massive $2.4 Billion AI Data Center Power Contract – Shares Surge
Babcock & Wilcox secures full $2.4B contract to build 1.2GW natural gas power capacity for Applied Digital's AI data centers.
Bank of America Downgrades Rivian & Lucid, Upgrades GM & Ford in EV Slowdown
BofA updates ratings on Rivian, Lucid, GM, and Ford. EV startups face headwinds from slower adoption, while traditional giants like GM and Ford benefit from regulatory changes favoring gas-powered trucks and SUVs.
BofA Values Tesla's Optimus at $30B+ & Energy at $90B – New Buy Call at $460
Bank of America upgrades Tesla to Buy, sets $460 price target. Sees leadership in robotaxis, $30B+ Optimus value, and strong $90B energy business growth.