Core Viewpoint - IREN Limited has announced the acquisition of over 50,000 NVIDIA B300 GPUs, expanding its total fleet to 150,000 GPUs, which positions the company among the largest AI cloud infrastructure providers globally [1][4]. Group 1: GPU Acquisition and Deployment - The company plans to deploy the additional GPUs in phases through the second half of 2026 across existing data centers in Mackenzie, British Columbia, and Childress, Texas [2]. - The expanded fleet is expected to support an annualized run-rate revenue of over $3.7 billion by the end of 2026 [2]. Group 2: Funding and Capital Expenditure - IREN has secured $9.3 billion in funding over the past eight months through various means, including customer prepayments and GPU financing [3]. - The company anticipates financing approximately $3.5 billion in additional capital expenditures for the GPU orders expected in the second half of 2026 [3]. Group 3: Capital Management and Strategy - An at-the-market equity program has been established as part of IREN's broader capital management framework to complement existing funding sources [4]. - The company emphasizes maintaining a disciplined capital structure while scaling its operations [3].

Nvidia Corp. is doubling down on artificial intelligence infrastructure with a $4 billion investment in optical networking companies and a new push into 6G. Nvidia Invests $4 Billion In Photonics Partners The biggest tech giant by market cap agreed to invest $2 billion each in Lumentum Holdings Inc. and Coherent Corp. under separate multi-year deals. Each agreement includes multibillion-dollar purchase commitments and future capacity access rights for advanced laser and optical networking components. Th ...

Meanwhile, Atlassian (TEAM) and Dexcom (DXCM) declined nearly 4% and almost 2%, respectively, in morning trading.---###### 9:09 a.m. ET## Dow Jones Movers: Boeing, ChevronInside the Dow Jones industrials, Boeing (BA) and Caterpillar (CAT) climbed 0.9% and 1.5%, respectively, in early morning action.On the downside, Chevron (CVX) declined 1.1% as energy prices eased. Apple (AAPL) shares edged lower, as they try to find support around their 50-day moving average.## IBD Newsletters#### Get exclusive IBD analys ...

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By Jaspreet Singh March 4 (Reuters) - Chip designer Broadcom (AVGO) on Wednesday projected its artificial intelligence chip revenue would exceed $100 billion next year, signaling surging demand for custom chips in a market dominated by Nvidia (NVDA). The company's share price rose nearly 6% in premarket trading on Thursday ‌after it also announced a new share repurchase program of up to $10 billion through the end of the year. Big Tech firms such as ‌Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (A ...

Market Overview - U.S. equity markets experienced a significant recovery on March 4, 2026, driven by resilient labor data and stabilizing energy prices, with major indices showing broad-based strength, particularly in the technology sector [1] - The VIX, a measure of market volatility, dropped over 10% to settle at 21.12, indicating a reduction in immediate panic among investors [1] Major Index Performance - The Nasdaq Composite surged 1.36% to finish at 22,823, while the S&P 500 climbed 0.83% to close at 6,873, recovering a significant portion of previous losses [2] - The Dow Jones Industrial Average added 308 points, or 0.64%, ending near 48,809, and small-cap stocks also rallied, with the Russell 2000 advancing 1.07% to 2,636 [2] Economic Data - The ADP National Employment Report indicated a rise of 63,000 private sector payrolls in February, surpassing the consensus estimate of 50,000, although January's data was revised down from 22,000 to 11,000 [4] - The JOLTS Job Openings report matched forecasts at 7.23 million, and the ISM Non-Manufacturing PMI remained steady at 53.5, suggesting continued expansion in the service sector [5] Corporate Developments - Alphabet's shares surged approximately 80% year-over-year, driven by its "Sovereign AI" strategy and advancements in AI efficiency [6] - Tesla's stock climbed 1.6% following a 55% increase in registrations in France and more than double in Portugal [7] - Amazon gained 3.1% on the day, while Ross Stores soared 7.4% on record revenue and strong guidance for 2026 [8] After-Hours Earnings Announcements - Broadcom is expected to report earnings per share of $1.67, reflecting a 19% year-over-year increase, with other companies like Okta and Veeva Systems also set to release results [9]

Key Takeaways PLTR posted 70% revenue growth, driven by soaring AIP demand across U.S. commercial and government clients.PLTR reported $609M GAAP net income and sees 2026 revenue rising to $7.198B from $4.475B in 2025.NVDA trades at 24.68x forward earnings vs. Palantir's 108.41x, making NVIDIA relatively more attractive.Riding the wave of artificial intelligence (AI)-driven momentum, Palantir Technologies Inc. (PLTR) and NVIDIA Corporation (NVDA) delivered strong revenue growth and profitability in their la ...

It has been a great 12 months for Sandisk (SNDK) and its investors. SNDK stock is up more than 1,100% in the past 52 weeks on strong optimism that the company’s NAND flash storage products and other computing memory devices will continue to be in high demand. Sandisk was the best-performing stock in all of the S&P 500 ($SPX) in 2025, and is continuing its strong performance with a 150% year-to-date (YTD) gain. But a short report from Citron Research threatens to let some air out of Sandisk’s sails. Citro ...

CoreWeave (CRWV) shares charged higher on Wednesday as the “AI Neocloud” specialist secured a major deal with one of the industry’s fastest-growing search disruptors — Perplexity AI. This multi-year strategic partnership will see Perplexity utilize CRWV’s dedicated GB200 NVL72 clusters to scale its Sonar and Search API ecosystem. In return, the Livingston-headquartered firm will integrate Perplexity’s Enterprise Max across its operations. Despite today’s gains, CoreWeave stock remains down more than 25% ...

Orion Group Holdings (NYSE: ORN) stock, the maritime construction company, tumbled nearly 9% in early trading Wednesday before reversing to gain more than 4%... before reversing again and giving back all its gains. As of 3:10 p.m. ET Wednesday, the stock is down 0.5% -- but check back five minutes from now, because clearly that may change. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical ...