So far this year, Tesla’s European sales are up 46%. BYD’s have grown 144%.
Category: Business
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Zscaler plummets after revenue guidance falls short of estimates
Zscaler’s guidance for new customer additions was bleaker than expected.
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Stocks climb to new records amid peace prospects; chip stocks rally
Hopes of an imminent peace deal with Iran and reports that the US Navy has restarted shepherding vessels through the Strait of Hormuz sent stocks higher and oil prices lower.
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Ethereum trades sideways as Foundation bleeds members
Ethereum ETFs have seen 10 consecutive days of outflows, totaling more than $461.1 million, data from SoSoValue shows.
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Oklo rises after saying it’s in advanced negotiations on US plutonium recycling
Under this federal program, Oklo will help to turn excess legacy Cold War nuclear material into commercial fuel for its advanced power plants.
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Qualcomm spikes after report that it’s selling “millions” of AI chips to TikTok owner ByteDance
The chip company had been telegraphing that its foray into AI infrastructure sales was imminent.
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Amid fears of AI killing tech jobs, companies race to fill cybersecurity roles
Powerful new cyber capabilities from models like Anthropic’s Mythos are driving companies to go on a cybersecurity hiring spree.
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Peace is great; memory chip stocks are even better
Traders are happy about potential peace. But they’re even more happy that Micron exists.
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TeraWulf jumps on 1-gigawatt Kentucky data center site acquisition
The deal enhances its transitioning into an HPC and AI data center infrastructure provider.
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Bitcoin stuck in the $70,000 range after $1.26 billion left bitcoin ETFs last week
Several analysts warn that bitcoin ETF outflows are a key driver to monitor.
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Wolfspeed and Navitas soar on positive spillovers from Huawei tech breakthrough, guidance boost from peer
Huawei, one of China’s national tech champions, said it’s developed a “LogicFolding” technology that will allow it to start producing 1.4-nanometer chips by 2031.
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Enhanced Games producer plunges after merely one “record-breaking” performance, with several clean athletes winning
The stock is down nearly 40% in early trading.
