Latest news with #TechStocks
Yahoo
a day ago
- Business
- Yahoo
IREN Ltd. (IREN) Soars for 7th Day, as Firm On Track to Hit Hash Rate Target
IREN Limited (NASDAQ:IREN) is one of the . IREN Ltd. extended its winning streak to a 7th straight day on Friday, jumping 6.79 percent to close at $14 apiece, as investors continued to load up positions before the end of the month on optimism that it would hit its average operating hash rate target of 50 EH/s. Earlier this month, IREN Limited (NASDAQ:IREN) announced that it was on track to hit 50 EH/s of operating hash rate by the end of June, or a 30-percent improvement from the 38.4 EH/s hash rate logged last month. A table full of technology, with bitcoin mining rigs and a laptop showing a financial graph. According to the company, a 50 EH/s generates $977 million in annualized mining revenue at current mining economics. As of June 5, 2025, IREN Limited (NASDAQ:IREN) said it has so far installed 41 EH/s of miners. In the third quarter of fiscal year 2025, IREN Ltd. (NASDAQ:IREN) grew its net income after tax by 181 percent to $24.2 million from $8.6 million in the same period last year. Revenues from Bitcoin mining soared by 164 percent to $141.2 million from $53.4 million year-on-year. While we acknowledge the potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
IREN Ltd. (IREN) Soars for 7th Day, as Firm On Track to Hit Hash Rate Target
IREN Limited (NASDAQ:IREN) is one of the . IREN Ltd. extended its winning streak to a 7th straight day on Friday, jumping 6.79 percent to close at $14 apiece, as investors continued to load up positions before the end of the month on optimism that it would hit its average operating hash rate target of 50 EH/s. Earlier this month, IREN Limited (NASDAQ:IREN) announced that it was on track to hit 50 EH/s of operating hash rate by the end of June, or a 30-percent improvement from the 38.4 EH/s hash rate logged last month. A table full of technology, with bitcoin mining rigs and a laptop showing a financial graph. According to the company, a 50 EH/s generates $977 million in annualized mining revenue at current mining economics. As of June 5, 2025, IREN Limited (NASDAQ:IREN) said it has so far installed 41 EH/s of miners. In the third quarter of fiscal year 2025, IREN Ltd. (NASDAQ:IREN) grew its net income after tax by 181 percent to $24.2 million from $8.6 million in the same period last year. Revenues from Bitcoin mining soared by 164 percent to $141.2 million from $53.4 million year-on-year. While we acknowledge the potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Oracle Named Leader in Gartner's 2025 Analytics Magic Quadrant, Highlighting AI Integration
Oracle Corporation (NYSE:ORCL) is one of the best US tech stocks to buy now. On June 23, Oracle announced that it has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms. This marks the second consecutive year that Oracle has received this distinction, acknowledging its Ability to Execute and Completeness of Vision in the analytics and business intelligence market. The report was published earlier by Gartner on June 16. According to the executive vice president of Oracle Analytics, T.K. Anand, the recognition is a result of Oracle's integration of AI at the core of its analytics offerings. Oracle continues to enhance its Analytics Cloud offerings by applying AI to facilitate user interaction with analytics. A notable feature is the Oracle Analytics AI Assistant, which uses the Oracle Cloud Infrastructure/OCI GenAI service. A team of IT professionals meticulously crafting a large-scale enterprise performance management system. The AI Assistant allows workbook authors and analysts to use natural language to discover insights from their data and construct complex visualizations. Additionally, Contextual Insights provide business users with a deeper understanding of their data by offering insights and recommendations as they navigate and explore analytics content. Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments worldwide. While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Apple Enhances iOS 26 'Liquid Glass' UI in Second Developer Beta
Apple Inc. (NASDAQ:AAPL) is one of the best US tech stocks to buy now. On June 24, Apple released the second developer beta of iOS 26, which introduces significant improvements to the 'Liquid Glass' user interface and addresses a key complaint regarding the readability of the Control Center. The initial iOS 26 developer beta, announced earlier this month at WWDC 2025, featured a highly translucent design that made the Control Center appear cluttered and difficult to read due to the visibility of underlying Home Screen content. In the second beta, Apple has made the Control Center much more opaque by adjusting the background blur. A wide view of an Apple store, showing the range of products the company offers. The change improves the readability of buttons and sliders within the Control Center by better obscuring the Home Screen content underneath. While this is a visible improvement, some colors may still slightly bleed into the Control Center buttons. Beyond the Control Center, the second beta also includes minor improvements to notification readability, making them sharper. A public beta version of iOS 26 is anticipated to launch next month for users who wish to test the new features before the official release Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Nvidia Reportedly Secures Entire Wistron AI Server Plant Capacity Through 2026
NVIDIA Corporation (NASDAQ:NVDA) is one of the best US tech stocks to buy now. According to Economic Daily and Commercial Time, NVIDIA has reportedly secured the entire production capacity of Wistron's newly launched AI server plant in Zhubei, Taiwan, through 2026. The move is aimed at meeting the surging demand for NVIDIA's next-generation Blackwell and Rubin AI systems. The Wistron facility is located in the Southern Taiwan Science Park and officially began operations with an inauguration on June 19. While specific production capacity figures for this single plant are not publicly known, Wistron's collective 7 plants, employing over 7,000 people, are estimated to produce ~240,000 Blackwell-based AI systems per quarter. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Due to the rapid growth in demand, Wistron has warned that its current capacity may not be sufficient by 2026. To proactively address this, the company has secured an adjacent building from Lianfa Textile, designated as a second AI server site (A2) in Zhubei. The new site is scheduled to commence operations in 2026 and will also be dedicated to building NVIDIA-based servers, which is expected to effectively double Wistron's Taiwan-based AI server output once both facilities are fully operational. NVIDIA Corporation (NASDAQ:NVDA) is a technology company that provides graphics and compute & networking solutions internationally. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
