In a significant move towards sustainable AI infrastructure, Zen42.ai has officially joined the New Zealand Green HI-City project, led by Mobii Green Energy Group and New Zealand’s North Rakaia Power Company. The project, which aims to establish the world’s first green hydrogen-powered data center, is set to raise $2 billion in investments and integrate 850 MW of solar power, 300 MW of wind power, and green hydrogen production facilities to support a 150 MW AI data center powered entirely by green energy. Zen42.ai, co-founded by Josh Chen, Kenny Tseng, and Enoch Kang, brings its expertise in decentralized AI infrastructure and…
Author: user
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesStock futures were little changed Monday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records.Futures on the Dow Jones Industrial Average traded neat the flatline. S&P 500 index futures rose slightly, while Nasdaq-100 futures gained 0.2%. Bank of America, Goldman Sachs and Johnson & Johnson report their latest results on Tuesday before the market opens, while Morgan Stanley and United Airlines are set to release results Wednesday. Walgreens Boots Alliance, Netflix…
After a pullback a few months ago, Nvidia (NASDAQ: NVDA) stock has rediscovered its mojo. Since 6 September, it has surged from $101 to $135. Wondering how high the share price can go in the medium term? Here’s a look at Wall Street analysts’ latest price targets for the US-listed growth stock, as well as my own. Wall Street’s forecasts The table below shows all the broker price forecasts I could find that have been published in the last two months. DateFirmPrice target ($)11-Oct-2024Goldman Sachs15010-Oct-2024Morgan Stanley1508-Oct-2024Cantor Fitzgerald1758-Oct-2024UBS1505-Sep-2024Bank of America16529-Aug-2024Wedbush13829-Aug-2024Piper Sandler14029-Aug-2024Sanford C. Bernstein15529-Aug-2024Benchmark17029-Aug-2024DA Davidson9029-Aug-2024JPMorgan Chase & Co.15529-Aug-2024Craig Hallum16529-Aug-2024Westpark Capital16529-Aug-2024Mizuho14029-Aug-2024Raymond James14029-Aug-2024Robert W.…
On Monday, Goldman Sachs adjusted its stance on AppLovin Corp (NASDAQ:), shifting the rating from Buy to Neutral. Alongside this change, the firm set a new price target for the company’s shares at $147.00. The decision to downgrade the stock comes as Goldman Sachs revises its operating forecasts for AppLovin, particularly considering the company’s performance across its two main operating segments. In anticipation of AppLovin’s third-quarter earnings for 2024, the firm has updated its revenue projections upwards. This adjustment reflects the strength of AppLovin’s current Software offerings, including the impact of AXON 2.0, and incorporates a multi-year compounded revenue growth…
Investing.com — US stock futures were muted on Monday after the and notched fresh record closes in the prior session thanks in large part to higher-than-expected earnings from two big Wall Street banks. More results are due out this week, including figures from streaming video titan Netflix (NASDAQ:). Elsewhere, Boeing (NYSE:) is reportedly preparing to deliver more details about planned job cuts as the jetmaker grapples with a financially-damaging work stoppage. 1. Futures muted US stock futures hovered around the flatline on Monday, with investors gauging upcoming corporate earnings and economic data this week. By 03:26 ET (07:26 GMT), the…
Image source: Getty Images FTSE 250 stock Energean (LSE:ENOG) currently offers investors the third-highest dividend yield in the index. The firm continues to reward loyal shareholders without quarterly payouts, yet the stock price has taken quite a hit. In fact, since May, the oil & gas producer has seen close to a quarter of its market cap wiped out. As a result, buying shares today would lock in a 10.4% yield. And since production recently hit record highs, this may just be the tip of the iceberg. But if that’s the case, why is the stock tumbling? And is this…
I’ve been investing for two decades, and I’ve learned plenty of lessons. Now that I’m older and a little wiser, let me share them with you. Source link
ZURICH (Reuters) – A group of campaigners wants UBS to lose its exemption from U.S. regulations that allows the Swiss bank to operate in the American pension market despite breaking banking rules, Sueddeutsche Zeitung reported on Monday.The U.S. Department of Labor is considering an application from UBS that would extend its exemption to operate in the world’s largest with $30 trillion of assets under management, the newspaper said.Under U.S. rules, banks that have been convicted of criminal offences or punished by supervisory authorities are not allowed to manage the pension assets of American employees.A group of activists is now lobbying…
Facebook, Instagram, and WhatsApp owner pledges to investment millions in new projects in response to US Department of Energy’s Carbon Dioxide Removal Purchasing Challenge Source link
ZURICH (Reuters) – A group of campaigners wants UBS to lose its exemption from U.S. regulations that allows the Swiss bank to operate in the American pension market despite breaking banking rules, Sueddeutsche Zeitung reported on Monday. The U.S. Department of Labor is considering an application from UBS that would extend its exemption to operate in the world’s largest with $30 trillion of assets under management, the newspaper said. Under U.S. rules, banks that have been convicted of criminal offences or punished by supervisory authorities are not allowed to manage the pension assets of American employees. A group of activists…