Microsoft stock had a bad day on Thursday, but analysts remain bullish.Microsoft (MSFT 1.61%) stock was in free fall on Thursday, dropping more than 12% despite posting earnings Wednesday afternoon that appeared to be strong on the top and bottom lines.The revenue and earnings numbers beat estimates in blowout fashion. The technology giant saw revenue climb 17% to $81.3 billion, while net income jumped 60% to $38.5 billion, or $5.16 per share, which blew away estimates of $3.92 per share. Microsoft's cash ...

Core Insights - HIVE Digital Technologies' shares have decreased by 2.2% following the release of its second-quarter fiscal 2026 results, primarily due to fluctuations in Bitcoin prices [1] Financial Performance - In the second quarter of fiscal 2026, HIVE reported a revenue increase of 285% year over year, reaching $87.3 million, with a sequential increase of 91% [2] - Digital currency mining revenues, which accounted for 94.1% of total revenues, surged by 295.2% year over year to $82.1 million, and increased by 101.2% sequentially [3] - High-performance computing (HPC) revenues, making up 5.9% of total revenues, rose by 175% year over year to $5.2 million, reflecting a 7.6% quarter-over-quarter increase [5] Operational Highlights - HIVE produced 719 Bitcoin in the reported quarter, a significant increase from 406 Bitcoin in the same quarter of the previous fiscal year [4] - The gross operating margin for the second quarter was $42.4 million, a substantial rise from $1.2 million in the year-ago quarter [6] - Adjusted EBITDA was reported at $31.5 million, compared to $5.6 million in the previous year [7] Balance Sheet Overview - As of September 30, 2025, HIVE had cash reserves of $22.6 million, down from $24.6 million as of June 30, 2025 [8] - The net cash used in operating activities was $384,000, contrasting with net cash provided of $10.22 million in the previous quarter [8] Strategic Developments - The expansion in Paraguay contributed to increased Bitcoin production and was a key driver of revenue growth [3][10] - The growth in HPC services was supported by the deployment of over 5,000 GPUs, new AI compute contracts, and upgrades to Tier-3 data centers [5][10]

Company and Industry Insights - Technology firms are experiencing significant growth, driven by substantial investments in AI, but concerns are rising regarding whether returns will match these investments, leading to warnings about potential overvaluation [2] - Oracle's recent disclosure highlighted slim margins in its AI cloud business, which includes server rentals using Nvidia chips, raising questions about the sustainability of the AI investment boom [3] - Tesla's stock dropped 4.5% following the reveal of its lower-priced Model 3/Y, which underwhelmed analysts, although third-quarter earnings are still expected to be strong [3] - Hang Seng Bank's shares surged over 26% on reports that HSBC plans to take the bank private, valuing the deal at approximately $37 billion, while HSBC's shares fell more than 6% [8]

Group 1 - IREN, formerly known as Iris Energy Limited, has adopted an AI-focused strategy and is projected to benefit from this move, with Bernstein estimating a potential increase in share prices [1][2] - As of September 25, IREN's stock price was $47.14, reflecting a gain of 12.86%, with Bernstein analysts predicting it could reach a historic high of $75 [1][2] - Over the last six months, IREN shares have surged by 500%, making it the largest public Bitcoin miner by market capitalization, and have logged a 305% profit year-to-date [3] Group 2 - In July 2023, IREN began funding its pivot into AI by building its own AI cloud business to reduce reliance on co-location deals with partners [4] - The company recently acquired advanced GPUs from Nvidia and AMD for nearly $670 million to support its AI cloud business, enhancing its capabilities in the AI sector [5] - As of September 25, IREN's market capitalization stands at $12.8 billion [5]

Group 1 - Cathie Wood, CEO of Ark Invest, has increased her stake in Baidu for the first time in nearly four months, indicating a positive outlook for the company as analysts show renewed interest [1][8] - Baidu is benefiting from the ongoing tariff trade war, particularly due to import restrictions on AI chips, positioning it as a potential momentum play in the market despite recent sluggish growth [2][4] - The company's revenue has declined for the fourth time in six years, with a 4% drop reported in the latest quarter and adjusted earnings plummeting by 35%, yet the stock has surged 53% in the past month [3][8] Group 2 - The rally in Baidu's stock can be attributed to Chinese import restrictions on Nvidia's AI chips, which have led to significant revenue losses for Nvidia, creating an opportunity for Baidu [4][5] - Baidu holds the most AI-related patent applications in China, with over 5,700, and its AI cloud business has seen a 34% year-over-year revenue growth, although this has not significantly impacted overall revenue due to the sluggish online advertising sector [7]

Group 1 - IREN Ltd. has achieved a new all-time high, extending its winning streak to four consecutive days, driven by a price target upgrade from an investment firm and optimism in the AI sector [1][3] - The stock reached a 52-week peak of $33.64 during the session, closing just 1 cent lower, marking an increase of 11.39 percent [2] - BTIG raised its price target for IREN Ltd. to $32 from $22 while maintaining a "buy" recommendation, reflecting positive market sentiment [3] Group 2 - The company's expansion of its GPU portfolio included the acquisition of 9,000 Nvidia GPUs, increasing total ownership to 10,900 units, a fivefold increase from 2,000 GPUs in early 2024 [4] - IREN Ltd. is focusing on Bitcoin mining while also expanding its AI business by enhancing digital infrastructure to meet sector demands [4] - In August, revenues from IREN Ltd.'s AI cloud business grew by 4.34 percent to $2.4 million from $2.3 million in July [5]

Group 1 - IREN Ltd. reached a new all-time high, driven by renewed investor optimism in the artificial intelligence industry, with a 15.27% increase in stock price to $30.19 [1][2] - The company benefited from a broader digital infrastructure boom, particularly after Nebius Group secured an $18 billion cloud computing deal with Microsoft [2] - IREN Ltd.'s AI cloud business revenue grew by 4.34% to $2.4 million in August, compared to $2.3 million in July [3] Group 2 - Bitcoin mining remains the largest revenue source for IREN Ltd., generating $76.7 million from 668 Bitcoins mined in August, although this represents an 8% decline from $83.6 million in July [4]

Core Viewpoint - Nebius Group N.V. has announced the launch of an offering of convertible notes and a concurrent offering of Class A shares to support the accelerated future growth of its core AI cloud business [1] Group 1: Business Growth - The core AI cloud business of Nebius is experiencing rapid growth [1] - The company is focused on developing its AI infrastructure business [1] Group 2: Strategic Partnerships - Nebius has entered into long-term contracts, including a significant one with Microsoft, which is viewed as important for future growth [1]