Interactive Media and Services(IN00284.US)

Last Updated 19:00:00 ET
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Interactive Media and Services
IN00284.US
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Google is backing a Tesla founder's push to power AI data centers

Redwood Materials, founded by Tesla co-founder J.B. Straubel, has raised $425 million in its Series E funding round, with significant investment from Google. The funds will be used to expand its energy-storage business, which aims to meet the increasing electricity demand from AI data centers. As electricity needs are projected to triple by 2035, Redwood plans to repurpose electric vehicle batteries for energy storage, emphasizing the essential role of energy infrastructure in supporting the surge in demand driven by AI and data centers.

Dow Jones·
US
TSLA
+0.84%
US
DTCR
+1.47%
US
GOOG
-0.38%
Dow Jones·
US
TSLA
+0.84%
US
DTCR
+1.47%
US
GOOG
-0.38%

Big Tech’s AI Scorecard Reveals Surprising Leaders and Laggards

The CNBC AI Scorecard ranks major tech firms on non-traditional metrics, revealing Alphabet as the leader due to its high CapEx-to-Revenue ratio and strong model quality. Meta follows, excelling in user adoption despite lower model rankings. Microsoft and Amazon rank in the middle, benefiting from cloud services but lacking consumer engagement. Apple ranks lowest, showing minimal investment and adoption signals, risking its competitive position. The scorecard emphasizes that success in the AI race involves both technological advancement and effective commercialization strategies.

StartupHub·
US
IGV
-0.16%
US
GOOGL
-0.31%
US
IXN
+0.62%
StartupHub·
US
IGV
-0.16%
US
GOOGL
-0.31%
US
IXN
+0.62%

Pinterest Stock Slides As Layoffs Spark Fresh Growth Fears

Pinterest shares fell 2.14% to $22.91 amid investor concerns over a restructuring plan that includes cutting less than 15% of its workforce and reducing office space. The company anticipates pre-tax charges of $35 million to $45 million, raising fears of slowing growth despite its focus on AI initiatives. Analysts have lowered sales forecasts following a weak third-quarter performance, and the stock is trading significantly below its moving averages, indicating bearish momentum. The upcoming earnings report on February 12 is anticipated, with an EPS estimate of $0.57 and revenue of $1.33 billion.

benzinga_article·
US
PINS
-2.82%
benzinga_article·
US
PINS
-2.82%

Snap seeks investments as new smart glasses unit takes on Meta

Snap is launching an independent subsidiary for its augmented reality smart glasses, aiming to attract external investment and compete with Meta in the wearables market. The new unit, Specs, will focus on integrating an intelligence system to assist users. Snap has invested over $3 billion in AR glasses development and is recruiting for nearly 100 positions. The success of this venture will rely on software value and ecosystem integration rather than just hardware innovation, as Meta currently leads the smart glasses market with a 70% share.

Reuters·
US
SNAP
+1.88%
US
META
-0.36%
Reuters·
US
SNAP
+1.88%
US
META
-0.36%

European Equities Traded in the US as American Depositary Receipts Fall Sharply in Wednesday Trading

European equities traded in the US saw a sharp decline in American depositary receipts, dropping 1.35% to 1,820.75 on the S&P Europe Select ADR Index. Notable gainers included Opera (up 4.1%) and trivago (up 0.7%), while Cellectis and Ascendis Pharma led the decliners, falling 4% and 3.8%, respectively. In the UK and Ireland, Prudential and Diageo were among the gainers, while Bicycle Therapeutics and Biodexa Pharmaceuticals faced significant losses of 5.1% and 4.8%.

fidelity·
US
DEO
+0.48%
UK
DGE
0.00%
US
BCYC
-4.95%
fidelity·
US
DEO
+0.48%
UK
DGE
0.00%
US
BCYC
-4.95%
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$Meta Platforms(META.US) earnings tonight key points:

Bottom line: I expect the stock will be up because Zuckerberg will remind investors long term he wants revenue to grow faster than expenses.

➡️ Last...........................

$Meta Platforms(META.US) $Direxion Daily Meta Bull 2x Shares(METU.US) I have enough cushion to put into let it ride. I might sell a slice prior to the close.

Source: Sunrise Trader

$Trump Media & Tech(DJT.US)The always green in my portfolio, will just remain as one of the allocation of the yea, I think Trump will continue be the story and theme in the market as long as he still ...

$Apple(AAPL.US)is a compelling investment case with strong fundamentals but faces valuation concerns and competitive pressures that require careful consideration. The company maintains a dominant ecos...

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