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Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request
Following a dramatic plunge in its stock price, IREN said some revenue is being delayed from 2026 until early next year.
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Meta seeks to raise up to $25 billion in debt sale as AI spending jumps
Meta is aiming to raise between $20 billion and $25 billion in a bond sale as the company ramps up spending on infrastructure and AI models and services.
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Meta stock sinks 6% as AI spend pushes free cash flow negative
Prices for the social media giant’s 5-year credit default swaps are reaching all-time highs as investors signal growing credit concerns.
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Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Palantir’s second-quarter earnings beat expectations, and the AI software company lifted revenue guidance.
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