Applied Digital stock rose by 7% in premarket trading on Wednesday after the data center operator reported second-quarter revenue that comfortably beat Wall Street expectations, underscoring strong demand for large-scale infrastructure tied to artificial intelligence workloads. The company said revenue more than tripled year on year in the quarter, while losses narrowed significantly, as it […]
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key factors affecting global jet […]
The calendar may have turned, but for Nvidia, the familiar strains of geopolitics continue to loom large. As the world’s leading maker of artificial intelligence chips, the US company remains caught between Washington’s tightening grip on advanced semiconductor exports and Beijing’s determination to reduce reliance on foreign technology. In December, US President Donald Trump had […]