GridAI Technologies signs definitive deal to acquire Pronghorn Resources for Wyoming gas and AI power platform
GridAI Technologies (Nasdaq: GRDX) announced a Definitive Share Exchange Agreement to acquire Pronghorn Resources LLC, a producing natural gas company, according to a GlobeNewswire release. The company says the combination creates a Wyoming owned-natural-gas and multi-gigawatt AI power infrastructure platform. GridAI targets initial power delivery in 2027.
Not financial advice. For informational and educational purposes only.
Video explainer: Cisco just had its fastest revenue growth in more than 15 years and the stock is down about 2% this morning.
Cisco just had its fastest revenue growth in more than 15 years and the stock is down about 2% this morning. Fiscal Q1 revenue was $18.5 billion, up 24% from a year ago. Networking…
The number I keep staring at is 100%.
The number I keep staring at is 100%. That is the chance traders now price for a Fed hike at the December 8-9 meeting, and with the 10-year sitting above 5%, I think this is the stretch where something starts to break.
Big Tech Buys Nuclear — 5 stocks
Big tech is changing how it buys power for AI.
Big tech is changing how it buys power for AI. Google signed a 20-year deal with Constellation supporting about 890 megawatts of planned uprates at existing reactors, and Amazon and Meta have signed long-term nuclear agreements of their own. The AI bottleneck is shifting from compute to megawatts.
End-of-day recap
Nvidia shares slid after Jensen Huang resigned, lifting chip rivals, while hot inflation and higher Treasury yields weighed on stocks.
Nvidia's board accepted CEO Jensen Huang's resignation on November 12, 2026, after a second extramarital-affair scandal, triggering a chip-sector reshuffle as a hot October CPI report pushed Treasury yields above 5%. The S&P 500 fell 0.36% to 7,592.06, the Nasdaq 0.39% to 25,366.09, and the Dow 0.36% to 52,297.09. The Russell 2000 dropped 1.66% and the VIX jumped 6.92% to…