October 2024 - BillionDollarClub

ThursdayOct 31, 2024 9:00 am

Riot Platforms is Positioned for Growth Despite Industry Volatility

Amidst the ups and downs of the cryptocurrency world, Riot Platforms Inc. (NASDAQ: RIOT) is quickly carving out a significant place for itself in Bitcoin mining. As the largest Bitcoin mining company in North America, Riot is making strategic moves to expand its operations, and many are hopeful for what lies ahead. Even though the crypto market is facing uncertainty, the mining company appears well-prepared for growth. A major factor in the company’s promising outlook, headquartered in Colorado, is its ambitious plan to significantly increase its hash rate capacity. Riot has set targets to achieve 36 EH/s (exahashes per second)…

MondayOct 28, 2024 9:00 am

Deployment of New Trucks Causes Nikola Shares to Climb

Nikola Corporation (NASDAQ: NKLA)'s stock rose 4.03% last week due to the deployment of hydrogen-powered trucks in Illinois. The surge stems from a key partnership between Nikola, Diageo, and DHL Supply Chain, signifying a noteworthy expansion beyond Nikola’s established presence on the West Coast. By targeting the Midwest, the company is trying to establish itself as a leader in sustainable, hydrogen-fueled transport across the United States. In this recent agreement, Nikola rolled out two hydrogen-powered trucks to support Diageo and DHL Supply Chain operations within Illinois. In addition to these trucks, Nikola has installed a modular refueling station on Diageo’s…

FridayOct 25, 2024 9:00 am

The NACS Plug from Tesla Could Be a Game Changer

Tesla’s NACS (North American Charging Standard) plug is set to shake up the electric vehicle (EV) world in the biggest way ever. The charging network is already making EV ownership simpler, and now, other car companies have decided to be part of this. The result? Charging an electric car could soon be as easy as pumping gas, and that’s a pretty sweet deal. The real magic of Tesla Inc. (NASDAQ: TSLA)’s charging network is in its size and convenience. Right now, Tesla operates the largest fast-charging network in the U.S with over 60.4% of the country’s public DC fast chargers…

WednesdayOct 23, 2024 9:00 am

Quantum Processing Units Could Redefine the Future of Computing

Quantum Processing Units (QPUs) are no longer sci-fi concepts but real game-changers in the world of computing. Unlike the classical processors we’ve relied on for decades, QPUs use quantum bits, or qubits, which have the ability to exist in multiple states at once. As a result, they can process information in ways classical computers never could, opening doors to solving problems that were once thought unsolvable. So, what’s behind QPUs’ power? It comes down to two key quantum properties: superposition and entanglement. Superposition allows qubits to represent both 0 and 1 simultaneously, while entanglement lets qubits influence each other, even…

MondayOct 21, 2024 9:00 am

Latest Update to Make Rivian EVs Rekindle Memories from Knight Rider

Rivian Automotive Inc. (NASDAQ: RIVN) has officially initiated a Halloween-themed update that’s bringing some nostalgic fun to its electric vehicles. As of October 18, Rivian owners can transform their cars into iconic rides from Knight Rider and Back to the Future, adding a unique twist to their driving experience. With the new software update, Rivian is offering "car costumes" for drivers to change their vehicle's display and, in some cases, its exterior lights to match the look and feel of these classic TV shows and movies. Additionally, the vehicle’s interior screen can mimic K.I.T.T.’s dashboard , a great plus for…

FridayOct 18, 2024 9:00 am

Lucid Says it Will Launch Sales of its New SUV Before This Year’s End

Lucid Motors (NASDAQ: LCID) is preparing for the release of its highly expected all-electric Gravity SUV, scheduled to debut before the end of the year. The new model comes at a time when the company is celebrating significant sales growth, thanks to the success of its Air sedan. As per Automotive News, Lucid has been breaking its own sales records for three straight quarters. In the third quarter of this year, the company delivered 2,781 of its Air sedan, marking its best performance yet. The total number of cars delivered in 2024 has now reached 7,142. In contrast, Lucid only…

WednesdayOct 16, 2024 9:00 am

Alibaba Shares Climb in Aftermath of Chinese Stimulus Measures Announcement

Alibaba Group Holding Limited (NYSE: BABA) has been performing exceptionally well lately, and it comes as no shock. After the Chinese government announced a major stimulus package, Alibaba’s stock shot up 29.04% in only one month, and the company has gained an impressive 30.06% over the past year. By Oct. 10, 2024, the company’s stock was trading at $109.28, with a whopping market cap of $261.723 billion. So, what's fueling this significant increase? Well, the Chinese government’s stimulus package is designed to get the economy moving, and as one of China’s biggest e-commerce players, Alibaba was bound to benefit. Investors…

MondayOct 14, 2024 9:00 am

Nikola Sells 88 Hydrogen-Powered Trucks in Q3 2024

Nikola Corporation (NASDAQ: NKLA) is making moves in the electric truck world, and this time, it’s all about hydrogen. The company recently delivered 88 Class 8 hydrogen fuel cell trucks in the third quarter, which marks a 22% increase from the previous quarter. Even though it didn't match the massive 80% surge it saw at the beginning of the year, Nikola is right on track. Investors have taken note of this, resulting in the company’s stock jumping by 9.5% after the announcement. But before we get too excited, let’s keep in mind that Nikola’s stock has had a rough year.…

FridayOct 11, 2024 9:00 am

Rumble Director Sells Nearly 83,000 Company Shares

Arsov Robert, a director at Rumble Inc. (NASDAQ: RUM), recently sold almost 83,000 shares of the company's stock and collected more than $427,900 from the sales. The sales were in tranches of 27,500 shares, and they occurred daily, for a total of three days. The price at which he made the sales was between $5.12 and $5.24. So, why is he selling so many of his shares? Well, it is not unusual for directors to sell off stock as part of personal financial planning. However, one should always be wary of insider activity. In many cases, investors are left wondering…

WednesdayOct 09, 2024 9:00 am

Australian Authorities to Start Enforcing New Conduct for Online Dating Industry

If you have ever used online dating apps, you know it's not all swipes and sparks. Things can become quite tricky at any moment. To make things safer, Australia is stepping up with a brand-new code of conduct for dating apps, which will change the game. Platforms such as Bumble, Grindr, Tinder and Hinge are now required to boost user safety or face the consequences. So, what has prompted this? Recent research by the Australian Institute of Criminology revealed that three of four Aussie users had experienced some form of sexual violence on these apps. In fact, sexual violence was…

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Month: October 2024