TeraWulf secured a $3.7B AI deal with Fluidstack (Google-backed), adding 200+ MW. Google will backstop $1.8B of Fluidstack's lease obligations and receive an approximately 8% equity stake in TeraWulf. The deal could reach $8.7B with extensions.
CoreWeave faces a profitability precipice despite surging AI demand, amid record losses, soaring expenses, and massive capital expenditures.
C3 AI announces preliminary Q1 FY26 results with a significant revenue miss, causing stock to plummet. Amid leadership restructuring and CEO health issues, the company seeks a successor.
Serve Robotics announces strong Q2 growth, expanding its AI delivery fleet to new markets, and reiterates ambitious 2026 revenue targets with 2,000 robots. However, Q3 guidance of $600K-$700K disappointed Wall Street.
US President Trump's 100% chip tariffs feature key exemptions for companies manufacturing domestically, benefiting giants like TSMC, Samsung, and Apple with their significant US investments.
AMD's Q3 revenue outlook is strong, but China AI chip sales face uncertainty as licenses are under review.
