To The Moon

Nvidia has announced a major commitment to support OpenAI's new artificial intelligence data center in Ohio, providing both credit guarantees and computing power assurances. The project, developed...

Grab shares surged 15.3% in premarket trading Tuesday as Q4 earnings approached.The Southeast Asian ride-hailing and food delivery company plans to announce its unaudited fourth quarter and full year 2024 results after the U.S. market closes on February 19, 2025.Analysts estimate Grab to post revenue of USD760.92M for 2024Q4, up 16.53% YOY; EPS is estimated to be USD-<0.01, swings to loss YoY.Previously, Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek

- President Donald Trump told Republican lawmakers that he plans to announce reciprocal tariffs as early as Friday, two sources familiar with the plans told Reuters.On the campaign trail, Trump promised to impose reciprocal tariffs on American imports equal to the rates that trading partners impose on American exports.The White House did not immediately respond to requests for comment.

Micron Technology reported fiscal Q1 non-GAAP earnings late Wednesday of $1.79 per diluted share, swinging from a loss of $0.95 a year earlier.Analysts polled by FactSet expected earnings of $1.76.Revenue for the quarter ended Nov. 28 rose to $8.71 billion from $4.73 billion a year earlier.Analysts surveyed by FactSet expected $8.71 billion.The chipmaker expects fiscal Q2 non-GAAP earnings per share of $1.43, plus or minus $0.10, and revenue of $7.9 billion, plus or minus $200 million. Analysts surveyed by FactSet project EPS of $1.91 on revenue of $8.94 billion.Shares of Micron Technology fell 10% in after-hours activity.

Good morning. Chinese artificial-intelligence developers have found a way to use the most advanced American chips without bringing them to China.Getting around export controls. Chinese developers are working with brokers to access computing power overseas, sometimes masking their identity using techniques from the cryptocurrency world. The tactic comes in response to U.S. export controls that have prevented Chinese companies from directly importing sought after AI chips developed by U.S.-based Nvidia. While it is still possible for Chinese users to physically bring Nvidia's chips to China by tapping a network of gray-market sellers, the process is cumbersome and can't supply all the needs of big users.A background in crypto. One entrepreneur helping Chinese companies overcome the hurdles is Derek Aw, a former bitcoin miner. He persuaded investors in Dubai and the U.S. to fund the purchase of AI servers housing Nvidia's powerful H100 chips. In June, Aw's company loaded more than 300 ser

After last week's post-earnings sell-off, news around liquid cooling demand is helping the stock to bounce back strongly today.