Alibaba Accelerates AI Investment Beyond $53 Billion: Stakes Rise in the Global AI Race
Alibaba plans to ramp up AI spending past its original $53 billion target as CEO Eddie Wu anticipates a $4 trillion global AI market over the next five years.
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Micron Q4: HBM Chip Demand Drives Record Earnings and Bullish Forecast
Micron crushed Q4 earnings thanks to booming AI hardware demand. Revenue hit $11.32B, beating estimates. Critical HBM chips fuel growth. They forecast a strong $12.5B next quarter, exceeding expectations.
Trump Administration Seeks Stake in Lithium Americas
The U.S. government wants up to 10% ownership in Lithium Americas' Thacker Pass mine, vital for U.S. electric vehicle (EV) batteries. This demand is tied to a $2.26B loan and aims to boost domestic supply to cut reliance on China.
US Antimony Wins $245 Million DLA Contract
USAC, the only North American antimony supplier, won a 5-year, $245M sole-source contract from the U.S. military (DLA) to supply antimony metal ingots.
Red Lobster Teams Up with SoundHound AI for Faster Phone Orders
Red Lobster partnered with SoundHound AI to use a voice AI agent for takeout phone orders everywhere.
Wells Fargo Upgrades CoreWeave: Growth Potential Through 2026
Wells Fargo significantly raised its rating and price target for CoreWeave, moving the stock to Overweight and citing "multiple" factors that signal strong growth potential.