Intel Cuts Expense Forecast Following Altera Stake Sale
Intel has reduced its full-year 2025 adjusted operating expense target to $16.8 billion, down from $17 billion, due to Altera deconsolidation.
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CoreWeave and Nvidia Seal Huge $6.3 Billion Cloud Deal!
CoreWeave scored a $6.3 billion cloud deal with Nvidia! Nvidia will buy CoreWeave's unused cloud capacity until 2032, deepening their partnership. Nvidia also owns a stake in CoreWeave and supplies its GPUs, easing concerns about CoreWeave's data center costs.
Applied Digital in Advanced Lease Talks with 'Investment-Grade Hyperscaler'
Applied Digital is currently engaged in advanced discussions regarding a significant lease agreement with a major tech company.
Musk's Share Purchase Ignites Tesla Stock Rally
Elon Musk bought $1B in Tesla stock, his first since 2020, sending shares soaring. This "vote of confidence" boosts the company amidst challenges, with hopes for AI & robotaxis to add $1T to its value.
California Energy Leaders Unite: CRC and Berry Merger
California energy giants CRC and Berry are merging! This all-stock deal creates a stronger leader, cutting costs by $80-90M annually, boosting cash flow, and giving Berry shareholders a 15% premium. Expected to close Q1 2026.
Alaska Air's Q3 Profitability Hurt By Fuel Costs, Operational Headwinds
Alaska Air Group expects Q3 earnings at the low end ($1-$1.40) due to high fuel costs ($2.50-$2.55/gal) & summer operational issues (weather, IT outage). Still, revenue is strong, unit revenue is high, & their new loyalty program and credit card are a big success!