Nvidia jolted investors on Wednesday with a projection that its revenue would skyrocket by 70% next fiscal year and said demand for its AI chips is growing at 100%, prompting an after-hours stock rally. The 70% preliminary expectation wildly exceeded projections for fiscal 2028 revenue of roughly $570 billion, or 44% growth from fiscal 2027
Jensen Huang is feeling spendy. In the span of a few weeks, the Nvidia CEO has committed billions to deals and investments — with more potentially right around the corner. The spending spree shows how far Nvidia is expanding beyond chips and raises a bigger question: how much of the AI ecosystem does it want
The Food and Drug Administration on Wednesday approved Rasonque, a once-daily pill developed by Revolution Medicines to block several forms of the RAS protein — the mutation that drives tumor growth in most pancreatic cancers, and in roughly a quarter of all human cancers overall. For investors like Dr. Danish Nagda, an early shareholder in
More cities are walking away from collaborations with Flock. Tempe, Arizona, said on Wednesday that it shut down its network of Flock Safety license plate readers and plans to terminate its contract with the surveillance company, citing privacy risks and cases of alleged misuse reported by other cities. The city said that it would not
Memecoins once again seized on a viral news moment, with Dolly Parton becoming their latest target. After news broke Tuesday that the beloved country singer had died, users rushed to popular memecoin platforms to launch tokens, known for being driven by online trends and hype rather than underlying value, in her name. What followed was
Crypto bulls have been pushing for Congress to pass a major piece of legislation aimed at creating a regulatory framework for the industry, but prediction markets say don’t count on it this year. Traders on Polymarket give it only a 15% chance of being signed into law in 2026. Traders on Kalshi have laid similar
