3h ago
Stanmore Resources lifts 1H FY26 coal sales revenue 13% to US$978 million, saleable output steady at 6.5 million tonnes
Stanmore Resources reported 1H FY26 coal sales revenue up 13% year on year to US$978 million, with saleable production steady at 6.5 million tonnes. Underlying EBITDA rose to US$174 million, up US$27 million from the prior year, while net loss after tax narrowed to US$44 million from US$51 million. Cash flow from operations turned positive at US$176 million and the company kept its full-year production guidance unchanged, with no interim dividend declared.
3h ago
6h ago
Cerebras unveils CS4 AI accelerator claiming support for 50-trillion-parameter models as Q2 revenue hits $180.1 million
Cerebras Systems has launched its next-generation CS-4 AI accelerator, saying it can support models exceeding 50 trillion parameters and cut wafer-to-wafer latency to as little as two microseconds. The company reported second-quarter revenue of $180.1 million and a market capitalization of about $49.1 billion. CBRS began trading on May 14, 2026 after pricing its IPO at $185, and the stock closed its first session at $311.07, up 68.2% from the offering price.
6h ago
7h ago
NVIDIA allocates $7 billion to Poolside in $12 billion deal as it plans a 15% price increase for Grace Blackwell and Vera Rubin systems
NVIDIA will pay $6 billion to license AI startup Poolside’s technology and hire most of its engineers, and will invest another $1 billion for an equity stake at a $12 billion valuation. The company also plans to raise prices for its Grace Blackwell GPUs and Vera Rubin systems by about 15% early next year, with a single Vera Rubin NVL 72 rack potentially priced at around $8 million. The move could push the total cost of a 1GW data center in the US to nearly $60 billion.
7h ago
8h ago
Soros Fund Management opened a 310,000-share Nebius stake in Q2 valued at about $85.6 million
Soros Fund Management opened a new position in Nebius in the second quarter, ending the period with 310,000 Class A shares valued at about $85.6 million. NBIS jumped nearly 9% on Aug. 14 after the stake became public, marking its best five-day performance. Nebius also reported Q2 revenue of $582.3 million, up 454% year over year and above analysts’ estimates, driven by demand for AI computing capacity. The company plans $20 billion to $25 billion in capital expenditures this year to expand its AI infrastructure, and NBIS was $223.90 as of Aug. 19, up 164% year to date.
8h ago
11h ago
Bitcoin perpetual futures launch in the US as SEC token-funding rules remain unfinished
Bitcoin perpetual contracts have gone live in the United States, while the SEC has yet to finalize a clear regulatory framework for crypto. The SEC proposed rules on the 18th that would create a path for token-network fundraising, and the CLARITY Act remains under consideration in Congress to split crypto market oversight between the SEC and the CFTC. Bitcoin traded around $77,000 that day, up about 22% over seven days.
11h ago
11h ago
Duolingo shares rise 4.6% after 27.4% DAU growth disclosed at Aug. 18 investor meeting
Duolingo said at an Aug. 18 investor meeting that daily active users grew 27.4% year over year, helping push its shares up 4.6% that day. In fiscal 2026 Q2, adjusted EPS was $0.66, topping the $0.61 consensus estimate on cost discipline and lower costs tied to integrating generative AI. The platform reported 58.7 million daily active users and 12.7 million paid subscribers, while the stock is down 56.84% over the past year and 16.7% so far in 2026.
11h ago