Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesTeraWulf stock rallied more than 4% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility.Earlier in the session, shares had jumped over 10%. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google’s stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company’s stock.TeraWulf CEO Paul Prager said in…
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Kobbie Mainoo of Manchester United during the Premier League match between Manchester United FC and Aston Villa FC at Old Trafford on May 25, 2025 in Manchester, England. Alex Livesey | Getty ImagesEuropean soccer is a bigger business than ever, with clubs in the continent’s five top leagues raking in 20.4 billion euros ($23.7 billion) in revenue in the 2023-2024 season — and American investors have been eyeing a piece of that pie.U.S. investors now own, fully or in part, the majority of soccer teams in England’s Premier League. That now includes four of the traditional Big Six clubs, with…
Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025.Jeenah Moon | ReutersPalo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company in 2005, is retiring from his role as chief technology officer.The stock rose about 5% in extended trading.Here’s how the company did compared to LSEG estimates:Earnings: 95 cents adjusted vs. 88 cents expectedRevenue: $2.54 billion vs. $2.5 billion expected.Revenue in the fiscal fourth quarter rose 16% from…
Palo Alto Networks will post earnings Monday afternoon and a buying opportunity may emerge, according to Michael Landsberg, investment chief at Landsberg Bennett Private Wealth Management. Investors should be ready to snap up the stock if it sees some pressure following the results, he said. Landsberg joined CNBC’s ” Power Check ” Monday to offer his insights on Palo Alto and a couple other trending stock stories. Here is what he had to say. Palo Alto Networks Shares of the cybersecurity company have seen meaningful weakness in recent months, pulling back more than 15% over the past six. Landsberg said…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCarter Worth, Worth Charting, joins ‘Fast Money’ to share the technical perspective on Big Tech including: Alphabet, Meta, and Tesla.04:46Mon, Aug 18 20256:05 PM EDT Source link
SoftBank will invest $2 billion into Intel, chipmaker’s shares riseJapanese conglomerate SoftBank will invest $2 billion into Intel, according to an announcement from the two companies.SoftBank will pay $23 per share of Intel’s common stock. The chipmaker’s shares ended Monday’s regular session at $23.66. Intel jumped more than 5% in extended trading.Stock Chart IconStock chart iconIntel shares over the past dayMeta Platforms sees largest increase in short interest of any U.S. stock this year, S3 says Meta Platforms, which dropped 2.3% on Monday, has seen the largest increase in short interest of any U.S. stock this year, according to S3…
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty ImagesIntel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker.SoftBank will pay $23 per share for Intel’s common stock, which closed on Monday at $23.66. The shares rose about 6% in extended trading to $25.The investment, equal to about 2% of Intel, makes SoftBank the fifth-biggest shareholder, according to FactSet. It’s a vote of support for Intel, which hasn’t…
Sam Altman, CEO of OpenAI, and Lisa Su, CEO of Advanced Micro Devices, testify during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images There’s a bubble forming in the artificial intelligence industry, according to OpenAI CEO Sam Altman.”Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is…
These are some of the stocks posting the largest moves midday. Source link
Palo Alto Networks shares jumped Monday evening after the cybersecurity firm posted a better-than-expected quarter and provided a first look at guidance for its next fiscal year. These strong results should ease concerns that the $25 billion CyberArk deal was masking a slowdown in the core business. Revenue for the company’s fiscal 2025 fourth quarter increased 16% year over year to $2.54 billion, exceeding the Wall Street consensus estimate of $2.5 billion, according to LSEG. Adjusted earnings per share (EPS) increased 27% to 95 cents in the quarter, ahead of the 88-cent LSEG consensus estimate. PANW YTD mountain Palo Alto Networks…
