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WealthWise
FTAI Aviation's joint venture with Jereh Group, J&F Power Systems, signed a $1.465B initial purchase order from an unnamed "leading international cloud service provider" for Mod-1 aeroderivative gas turbine generator sets, under a five-year master supply agreement.
Deliveries run in batches through November 2027; the order will account for a substantial share of FTAI Power's targeted 2027 Mod-1 CFM56 unit deliveries.
Payments are milestone-based (advance at signing, then progress payments through production, testing, and commissioning), with final settlement adjustments capped at a 10% downward reduction per unit. The agreement allows the customer to place additional orders.
#FTAI #GasTurbines #DataCenters #EnergyInfrastructure #AI #CloudComputing #FTAIStock
20 hours ago | [YT] | 0
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WealthWise
Aurora Innovation launched its second-generation driverless trucks, based on the International LT Series and equipped with more powerful next-gen hardware built to last 1 million miles.
Aurora closed its internal Safety Case for the new truck and hardware before beginning driverless operations. The fleet deploys across Aurora's 10 driverless routes throughout the U.S. Sun Belt.
The Aurora Driver has completed nearly 440,000 driverless miles as of end-June.
Commercial momentum includes a customer's (Hirschbach Motor Lines) plan to purchase 500 Aurora Driver-powered trucks. Manufacturing partner Roush has formalized an upfit process targeting an annual production run-rate of 1,000 Aurora trucks by year-end.
#Aurora #AutonomousTrucking #SelfDriving #Logistics #AI #Freight #AUR
20 hours ago | [YT] | 0
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WealthWise
Intel and AMD are signing longer-term server CPU purchase commitments with Chinese data-center customers as prices surge, per Reuters sources. The deals typically lock in volumes but not prices — most run about a year, though some discussions cover two years or longer.
Server CPU prices in China are still climbing, with month-on-month increases topping 10% for some products and cumulative gains exceeding 40% since the start of the year. This follows earlier reports of lengthy waits for server CPUs, with Intel lead times stretching up to six months.
Intel CEO Lip-Bu Tan told analysts in April that demand "continues to run ahead of supply," especially for Xeon server CPUs, citing a multi-year Google deal among several long-term contracts signed in Q1.
#Intel #AMD #China #Semiconductors #DataCenters #CPU #AI #INTC
20 hours ago | [YT] | 0
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WealthWise
The first, with Saudi Arabia's General Authority of Civil Aviation, or GACA, will explore validation of Vertical's Valo type certification and build the regulatory/operational framework for Advanced Air Mobility, plus exchange certification best practices with international aviation authorities.
The second, with Cluster2 Airports Company, will assess potential eVTOL deployment across its airport network.
Vertical is developing the piloted, four-passenger Valo eVTOL, along with a hybrid-electric variant for longer-range missions.
#VerticalAerospace #SaudiArabia #eVTOL #EVTL #EVTLStock #AdvancedAirMobility #Farnborough #Vision2030 $EVTL
21 hours ago | [YT] | 1
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WealthWise
Global AI infrastructure spending hit $89.7B in Q1 2026 (+33% Y/Y, roughly flat sequentially), and IDC raised its full-year 2026 forecast to $497B — up ~56% Y/Y, revised from a prior ~53% growth estimate.
Non-x86 (Arm) accelerated server value climbed to $53B (from $47.5B in Q4 2025, $29.8B in Q3 2025), overtaking x86 accelerated value, which fell to $34.6B (from $42.7B and $51.9B).
The crossover, which began in Q4 2025, reflects large buyers consolidating around Nvidia's NVL72/GB200-class rack-scale platforms, shifting volume away from custom x86 designs; which platform ultimately prevails "remains to be seen, as supply challenges across the industry persist."
Servers made up $87.6B (97.6%) of total AI infrastructure spend in Q1, with a growing share going to non-GPU infrastructure — AI orchestration tooling, data-pipeline workloads, and CPU-only inference clusters hyperscalers are running as a cost-mitigation strategy.
IDC's Juan Pablo Seminara: the results confirm AI infrastructure investment has moved "well beyond initial proof-of-concept phases into a sustained, multi-year capital commitment cycle," with the competitive question shifting from how much compute gets bought to "which platform wins it."
Deferred enterprise storage refresh is also catching up after budgets were redirected to GPU/AI servers over the past 1-2 years; AI-centric storage remains just 2.4% of total AI infrastructure value.
IDC projects the market will exceed $1.08 trillion by 2029 and reach $1.21 trillion by 2030 — a ~30% five-year CAGR. Growth drivers include sovereign AI programs across the Middle East, Southeast Asia, and Europe, and rising AI agent adoption.
Risks include power/grid constraints, memory and storage shortages, tighter export controls, and geopolitical uncertainty.
#Arm #AI #DataCenters #Nvidia #Semiconductors #x86 #NVDA #AMD
21 hours ago | [YT] | 0
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WealthWise
The U.S. and Saudi Arabia signed a 123 agreement, a 30-year civilian nuclear cooperation pact enabling American companies to develop Saudi nuclear infrastructure, potentially including uranium enrichment.
Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman signed the deal alongside a bilateral safeguards agreement.
The controversial deal is expected to be submitted to Congress for review in the coming days, but it will be difficult to block, since doing so would require a joint resolution and a two-thirds majority vote if needed to override a potential presidential veto.
Notably, the deal skips the "gold standard" — Saudi Arabia isn't required to forgo enrichment or sign the IAEA's Additional Protocol, as the UAE did in 2009. Because it lacks conventional international inspections, Trump signed a separate national security waiver to allow it to proceed.
Sen. Ed Markey called it "potentially enabling nuclear proliferation in Saudi Arabia and igniting an arms race in the region." Nonproliferation expert Henry Sokolski asked: "What new standard is the Saudi deal going to set for the UAE, Turkey, and Egypt?" Rep. Brad Sherman raised concerns during a House Foreign Affairs Committee hearing Wednesday about the contradiction with U.S. pressure on Iran's nuclear program.
Saudi Arabia currently derives nearly all domestic energy from fossil fuels and maintains its intentions are peaceful, though Crown Prince Mohammed bin Salman has said the kingdom would pursue its own weapon if Iran developed one.
Westinghouse (jointly owned by Brookfield Asset Management and Cameco) and its AP1000 reactor are expected to be a top beneficiary, alongside Bechtel, BWXT, and Centrus Energy.
The deal originated from a November 2025 "Joint Declaration" during Crown Prince Mohammed bin Salman’s Washington visit and follows heightened urgency after the recent Iran conflict. It notably excludes any Israel normalization component, which the original broader framework had once envisioned.
#SaudiArabia #Nuclear #Westinghouse #EnergyPolicy #Congress #MiddleEast #Nonproliferation #AP1000 #BAM #CCJ
22 hours ago | [YT] | 2
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WealthWise
J&J received FDA De Novo authorization for its Ottava soft-tissue robotic surgery system — the world's first table-integrated platform, with robotic arms built into the OR table itself, reducing footprint by 30-50% versus conventional systems.
Approved procedures span general surgery in the upper abdomen: gastric bypass, gastrectomy, cholecystectomy, splenectomy, gastric sleeve, small bowel resection, appendectomy, and hernia repair, among others.
J&J plans a controlled U.S. launch with select customers, with international and expanded-indication approvals to follow; an inguinal hernia trial could support a second submission early next year.
Ottava enters a market Intuitive Surgical's da Vinci has dominated for two decades with roughly 80% share; Medtronic's Hugo, cleared in December for urology procedures (~230K annual U.S. surgeries), is the other major rival.
Analysts still expect Intuitive to retain market leadership near-term given its first-mover advantage, physician relationships, and hospital integration.
#JNJ #Ottava #IntuitiveSurgical #Medtronic #MedTech #FDA #RoboticSurgery #ISRG #MDT
22 hours ago | [YT] | 2
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WealthWise
ServiceNow beat Q2 estimates with non-GAAP EPS of $0.90 (beating by $0.04) and revenue of $3.98B (+23.6% Y/Y), marking five straight quarters of 20%+ growth.
CEO Bill McDermott: "ServiceNow's exceptional Q2 results solidify our position as the fastest-growing major enterprise software and cybersecurity company," adding the company is "operating to the Rule of 56, well on our way to the Rule of 60."
Bill also teased new AI products: "We have a big announcement coming very shortly, a business model evolution that expands our TAM with AI-native products. This new offering will be a conversational service desk experience, no tickets and AI-coded automation."
Q3 revenue guidance of $3.975-3.98B (+20.5% Y/Y) came in just short of the $4B street estimate. Full-year subscription revenue guidance was raised to $15.77B (~22.5% Y/Y growth), up from a prior $15.74-15.78B range.
#ServiceNow #NOWStock #AI #Cybersecurity #EnterpriseTech #NowAssist
22 hours ago | [YT] | 0
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WealthWise
Alphabet's Q2 2026 net income surged 298% to $112.1B ($9.11 diluted EPS), driven mainly by a $99.0B unrealized equity securities gain (the largest contributor: Alphabet's ~14% Anthropic stake, whose valuation tripled to $965B during the quarter).
On the company's earnings call with analysts, Alphabet issued adjusted EPS of $2.85, which is a miss from $2.91 expectations. Revenue hit $119.8B (+24% Y/Y), beating estimates by $2.82B.
Google Cloud accelerated to 82% growth (from 63% last quarter) to $24.8B (vs. consensus estimates of $22.46 billion), with cloud operating income more than tripling to $8.8B. Search revenue rose 17% to $63.3B; YouTube ad revenue grew 13% to $11.1B, beating estimates. Other Bets (including Waymo) grew modestly to $382M in revenue but widened its loss to $1.8B. Gemini app reached 950M monthly active users.
CEO Sundar Pichai: "We continue to be supply constrained. Our model APIs are now processing approximately 22 billion tokens per minute. That's up from 16 billion just a quarter ago."
CFO Anat Ashkenazi: "We continue to expect to recognize a relatively small portion of the revenues from our existing TPU system sales agreements this year... The vast majority of the revenues from these agreements will be realized in 2027." She added: "We are updating our full year 2026 CapEx guidance range to $195 billion to $205 billion," up from $180-190B, and reiterated capex would "increase significantly in 2027."
#Alphabet #Google #GOOGL #GoogleCloud #Gemini #AI #GOOG
23 hours ago | [YT] | 1
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WealthWise
Tesla's Q2 revenue hit $28.24B (+26% Y/Y), beating estimates, but non-GAAP EPS of $0.33 missed the $0.51-0.53 consensus as operating margin compressed to 1.4% and GAAP operating income fell 57%. Capex surged 142% to $5.79B; free cash flow turned negative at $1.09B, versus $1.44B positive in Q1.
Company statement: "Tesla Semi and Megapack 3 remain on schedule for production starting in 2026. First-generation production lines for Optimus are being installed in anticipation of production in 2026." On the call, Musk called it a "massive" capex year that will pay off with "incredible" returns.
On Optimus Musk said: "We've had to build the supply chain out entirely. The Fremont production line looks incredible. Optimus will follow the s-curve of the manufacturing ramp, but the initial portion will be flat and long due to the newness of the parts in the robot."
Musk also teased a new Terafab site and described Megapod, pairing x86 and Tesla AI4 compute: "This allows us to scale AI compute with aggregated electricity production. We can place Megapods at Superchargers and have distributed AI."
CFO Vaibhav Taneja: "In Q2, we had in North America, about 55% of our deliveries had FSD subscription at the time of delivery enabled," with FSD reaching "nearly 1.5 million paid customers globally" (55% upfront purchases, 45% subscriptions); future growth will lean toward subscriptions "as we removed the purchase option in most markets."
Energy storage deployment hit 13.5 GWh (+53% sequentially), though energy gross margins fell from 39.5% to 20.4%.
On robotaxi scaling (BofA's Alexander Perry), Musk: "We expect to be vertically integrated with robotaxi," citing "the March of 9s of reliability" toward "99.999% reliable."
On Optimus/FSD hardware (Truist's William Stein), Musk said Optimus 4 (built in Austin) will be "a much more vertically integrated supply system," targeting "aspirationally 10 million units a year versus 1 million," and that AI5 volume production is expected "around the middle of next year."
Self-driving software now generates $791M in annual recurring revenue.
#Tesla #TSLA #Optimus #Robotaxi #FSD #ElonMusk
23 hours ago | [YT] | 2
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