Chipmakers power stock gains |
- Talen Energy soared after the Houston-based utility said it had bought power plants in the massive PJM exchange, which has seen rising consumer prices linked to AI infrastructure.
- Clearway Energy surged after signing power purchase agreements with Alphabet.
- Beyond Meat rose on its plans to enter the beverage category with a protein seltzer.
- Healthcare stocks Oscar Health, Molina Healthcare, Centene, UnitedHealthcare ticked higher as the ACA enrollment deadline arrived with Congress still at an impasse over subsidies.
- US airlines Delta Air Lines, American, JetBlue, United, and Frontier climbed as oil plunged.
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- Eli Lilly dipped after a report that FDA approval of its weight loss pill is delayed to Q2. The pharma company was also in the news as a lawsuit from Strive Specialties, one of the largest compounding pharmacies in the country, accused Eli Lilly and Novo Nordisk of locking up telehealth companies they partner with in an effort to cut off businesses like them from the GLP-1 market.
- Strategy fell as TD Cowen lowered its price target on the stock but maintained a "Buy" rating.
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"Bears can get busy as we near the 98400/99400 zone, or bulls can add on a break of 100k," wrote Brent Donnelly, president of Spectra Markets. Read more. |
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Software stocks are in the wilderness: fears of disintermediation by AI mean it's difficult to think of them as growth stocks going forward, but they're not necessarily cheap enough to be considered value stocks, either. Read more. |
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Not content with generating money through digital assets, BitMine Immersion Technologies is also attempting to cash in on another largely incorporeal industry: the attention spans of young people. The ethereum treasury company announced a $200 million equity investment into Beast Industries, the holding company for the various ventures of YouTube star Jimmy Donaldson, aka MrBeast. While most of these operations revolve around digital content, we'd be remiss not to note that this also includes Feastables. Read more. |
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- Retail traders just poured the most money into the stock market since the post-tariff bottom
Bulls on parade.
- OpenAI's Sora 2 started off scorching hot. Things have slowed down since.
The app racked up 1 million downloads in its first five days, despite being iOS-only and requiring an invite. But for all of December, it was downloaded just over 3 million times between iOS and Android.
- Spotify increases its US subscription prices for the third time in 3 years
The cost to stream music and podcasts ad-free on Spotify is going up again in the US next month. - X says it's stopping Grok from putting real people in bikinis on X
And if you want to generate any images at all, the company says you're going to have to pay for it.
- Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD
The reported talks come just days after President Trump expressed support for Chinese automakers to "come in" to the US.
- As Wikipedia turns 25, its future will depend on AI — for better or worse
The online encyclopedia is celebrating 25 years since launch, but its next quarter century will likely be defined by the AI giants it's now signing content deals with. - Ethereum parent chain sets new record in daily transactions
The main drivers of the network's transaction growth comes from increased stablecoin usage.
- OpenAI working to build a US supply chain for its hardware plans, including robots
The company has sought US partners to supply silicon, data center hardware, and components for robots, according to Bloomberg.
- ICE agents arrest workers from Meta's Hyperion data center site
Two dump truck drivers traveling to the data center construction site in Richland Parish, Louisiana, were arrested by ICE agents, according to local police.
- Two cofounders leave Thinking Machines Lab to return to OpenAI
The startup has been raising large amounts of money, reportedly with a $50 billion valuation.
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