Bitcoin miners are becoming AI infrastructure companies, and Wall Street is just starting to notice. Listen to the audio version of this article (generated by AI). Editor’s Note: Most investors still think crypto miners rise and fall with the price of Bitcoin, but that’s yesterday’s story, according to Jonathan Rose In today’s guest essay, he … Read more
Micron Earnings: Blowout Quarter Raises the Bar for AI Memory Demand
Russ Cohen
On Wednesday, June 24th, after the market closed, (NASDAQ:) reported what could only be described as a blowout fiscal Q3 ’26, as revenue, operating income and EPS materially exceeded Street consensus. Actual revenue vs estimate was $41.5 bl versus the estimate of $35.4 billion for a 17% revenue “upside surprise”; Actual operating income was $33.7 … Read more
SpaceX Stock Climbed 23% in Its First Week of Trading. Here's Where the Stock Price Will Be 1 Year From Now, According to History.
Russ Cohen
Key Points Space Exploration Technologies (NASDAQ: SPCX) offered investors a historic moment this month. The company, more often known as SpaceX, completed the world’s biggest initial public offering and made it a key event for retail investors, earmarking about 20% of the shares for them — individuals like you and me. So, of course, all … Read more
Elite Pharmaceuticals Stock Slips Despite Record Fiscal 2026 Earnings
Shares of Elite Pharmaceuticals, Inc. ELTP have lost 13.7% since the company reported earnings for the fiscal year ended March 31, 2026, underperforming the S&P 500 Index, which gained 1.8% over the same period. The stock has also trailed the broader market over the past month, declining 14.7% compared with the S&P 500’s 1.8% dip. … Read more
Cerebras Stock Is Up 11% Since Its IPO. Is It a Buy?
Key Points Cerebras (NASDAQ: CBRS), a producer of AI chips, went public at $185 per share on May 14. Its stock opened at $350, but it now trades at about $205. That’s still 11% above its IPO price, but investors who chased its post-IPO gains are now underwater. Let’s see why Cerebras’ stock fizzled out … Read more
2 More Stocks to Buy for the AI Convergence
Listen to the audio version of this article (generated by AI). Tom Yeung here with your Sunday Digest. In the days following its IPO, Space Exploration Technologies Corp. (SPCX) surged 25%, rewarding early investors and turning its owner, Elon Musk, into a trillionaire. The following week the stock sank below $160, sending most investors into … Read more