NewsRoom Articles - Page 15 of 31

MondayAug 12, 2024 9:00 am

Lucid Motors Secures Funding to Keep Afloat Through 2025

Lucid Motors (NASDAQ: LCID) has secured $1.5 billion to boost its operations and expansion plans to keep it afloat until the fourth quarter of 2025. The substantial funding, which came from Saudi Arabia's Public Investment Fund (PIF), is pivotal for Lucid's future. Lucid Group recently announced that this funding would ramp up the production of a new SUV, which will, in turn, significantly improve the company's growth trajectory. The news comes at a critical time when emerging EV makers are trying to compete with giants such as Tesla amid the challenges faced in the industry. According to Lucid Motors CEO…

FridayAug 09, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Expands Commercial Partnership with Zapata Computing Holdings Inc. (NASDAQ: ZPTA), Hosts B.C. Dignitaries at Quantum Engineering Center of Excellence

The collaboration aims to enhance the development and deployment of integrated quantum and generative AI solutions within D-Wave’s Leap™ quantum cloud platform The partnership’s development efforts will target more efficient and energy-saving model training, higher-performing models, and the combined application of Generative AI and quantum optimization The commercial expansion includes a one-year enterprise subscription to Orquestra®, Zapata AI’s powerful software development and collaboration platform designed for creating and deploying Universal Generative AI applications at scale D-Wave recently hosted British Columbia (B.C.) Minister of State for Trade, Jagrup Brar, and B.C. Parliamentary Secretary for Labour, Janet Routledge, at its Burnaby-based Quantum…

FridayAug 09, 2024 9:00 am

Coinbase’s Q2 Report Reveals Strong Performance

Coinbase Global Inc. (NASDAQ: COIN), one of the leading cryptocurrency exchanges in the world, recently released its second quarterly report, and the performance is impressive. While the compay has had its share of ups and downs, this latest financial report suggests that the team is keeping the boat steady. The company reported total revenue of $1.45 billion for Q2 2024, an increase from $708 million a year ago. This figure surpassed estimates of Wall Street analysts, an indication of its operational strength, especially at a challenging period for crypto trading. The company has faced a decline in transaction revenue in…

WednesdayAug 07, 2024 9:00 am

Nikola Corp., ITD Industries Launch Hydrogen Refueling Station in Ontario

Nikola Corporation (NASDAQ: NKLA), known for developing heavy-duty commercial vehicles with zero emissions, has partnered with ITD Industries, a leader in industrial solutions, to launch a new hydrogen refueling station in Ontario. The launch shows the company's growing commitment to advancing hydrogen infrastructure, which is pivotal for the broad implementation of hydrogen fuel cell technology in the transportation sector. The strategic location of the fuel station in Ontario at 401 West Mall aims to serve both local and regional fleets. It will address the infrastructure gap that has historically hampered the adoption of hydrogen-powered vehicles. Nikola and ITD industries have…

MondayAug 05, 2024 9:00 am

What to Expect as Coinbase Releases Q2 Earnings Report

As Coinbase Global Inc. (NASDAQ: COIN) gears up to unveil its second quarter (Q2) 2024 earnings report this week after the U.S. market closes, anticipation is building among market watchers and cryptocurrency enthusiasts. Given the company's pivotal role in the digital currency space, expectations are high for the company to continue its impressive performance. So, what should you watch out for now that the countdown has begun? Coinbase’s revenue for Q2 is projected to nearly double to $1.4 billion, up from $708 million in the previous quarter, making this the fourth consecutive quarter of positive revenue performance. This surge will…

FridayAug 02, 2024 9:00 am

Reports Suggest Alibaba Could Increase Service Fees Levied on Merchants

As per the latest reports, Alibaba Group Holding Ltd. (NYSE: BABA) is poised to increase the service fees it charges merchants. The impending rise in fees has created quite a buzz in the marketplace and among the traders that bank mostly on Alibaba to attract customers and drive sales. Alibaba has long stood as one of the few untouchable merchants in the world, providing a large online retail marketplace as well as cloud computing and digital media. The organization has consistently retained an advantageous position with its peers by maintaining its relatively low service fees. However, the e-commerce industry, facing…

WednesdayJul 31, 2024 9:00 am

QuantumScape, PowerCo Team Up to Manufacture Solid-State EV Batteries for Mass Market

PowerCo, the battery division of Volkswagen Group, and QuantumScape Corp. (NYSE: QS) have inked a partnership that will see the lithium-based, solid-state batteries developed by QuantumScape mass produced by Volkswagen Group’s battery production arm. This strategic collaboration is intended to bolster EV battery safety and performance by quickly bringing to market the novel solid-state batteries. Through this partnership, QuantumScape agreed to give PowerCo a license to manufacture EV batteries based on QuantumScape’s cutting-edge battery technology. PowerCo has been permitted to make approximately 40GWh of these battery cells each year, and the company will be at liberty to ramp up its…

MondayJul 29, 2024 9:00 am

After Recent Price Correction, Could Riot Platforms Now Be a Good Buy?

If you have been watching Riot Platforms (NASDAQ: RIOT) the past few days, you've probably noticed wild price swings. After experiencing this notable stock price correction, the biggest question on everyone's mind is, is the Bitcoin mining company a hidden gem waiting to be scooped up? The company has experienced a rocky year. Its stock has dropped 19.7% since January. This decline stands out when compared to the industry's 21% growth and the S&P 500's 16.1% gain during the same period. Riot's performance is lagging behind that of other cryptocurrency-focused stocks. During the same period, Cipher Mining (CIFR), another Bitcoin…

FridayJul 26, 2024 9:00 am

Analyzing NIO’s Recent Stock Price Rally

Over the past few days, NIO Inc. (NYSE: NIO) has been making headlines with its stock price rally, sparking great interest among investors and analysts alike. As of the latest update, its stock price is $4.65, reflecting an 8.42% decline over the past week. This price fluctuation has prompted both excitement and caution among investors. However, from a wider perspective, the stock has surged by 17.37% over the past three months. The fluctuation stresses the dynamic nature of the Chinese electric vehicle (EV) manufacturer's position in the market and investor sentiment toward electric vehicle (EV) stocks in general. With a…

WednesdayJul 24, 2024 9:00 am

Why Tesla Could Be Losing Dominance in Europe, US Markets

For years now, Tesla Inc. (NASDAQ: TSLA) has been synonymous with electric vehicle (EV) innovation and market dominance. However, this is about to change. The company’s dominance is being challenged in various countries across Europe and the United States even after a stellar performance last year. A recent report from JATO Dynamics revealed how the American multinational automotive company is experiencing declining sales and market share amid growing competition. The data showed that in the first half of 2024, Tesla sales dropped by 8% and 13% in the U.S. and Europe, respectively. Usually, a decrease in sales doesn't mean a…

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