NewsRoom Articles - Page 30 of 39

MondayApr 01, 2024 9:00 am

Alibaba Cloud Announces Training Facility in Dubai

Earlier this week, Alibaba Group Holding Ltd. (NYSE: BABA) officially launched a training facility in Dubai. The training center, under the Alibaba Cloud umbrella, will operate as the digital technology and intelligence backbone of the multinational technology company, which specializes in e-commerce, retail, internet and technology. Alibaba Cloud is situated in Dubai Internet City, an international technology ecosystem that is part of TECOM Group’s portfolio of businesses in Dubai. TECOM’s other projects include Dubai International Academic City, Dubai Media City, Dubai Production City, Dubai Design District (d3), Dubai Knowledge Park, Dubai Studio City, Dubai Industrial City and Dubai Science Park.…

WednesdayMar 27, 2024 9:00 am

JPMorgan Highly Bullish on Riot Platforms as Bitcoin Halving Looms

With the upcoming Bitcoin halving event fast approaching, JP Morgan is betting on vertically integrated Bitcoin mining company Riot Blockchain Inc. (NASDAQ: RIOT). This is good news for the Bitcoin infrastructure innovator as the platform and other companies in the segment such as Marathon Digital Holdings have trended downward for the past month. JPMorgan’s highly bullish sentiment on Riot Platforms’ stocks is a good sign of its growth prospects. Bitcoin halving is an event where the cryptocurrency’s mining reward is cut in half. As per Bitcoin’s creators' wishes, it takes the blockchain network around four years to open 210,000 additional…

MondayMar 25, 2024 9:00 am

NIO Inc to Unveil Mass Market Electric Vehicle in May

Nio Inc. (NYSE: NIO), a multinational automobile manufacturer based in China, recently revealed its plans to launch a mass-market electric vehicle. The company, which specializes in the design and development of high-end sedans and SUVs, wants to center its new brand on the wider consumer market, with a focus on families. The new brand, dubbed Le Dao, is expected to launch in the second quarter with its first product launch in the third quarter. Large-scale deliveries are set to begin in the last quarter of the year. Nio, founded in November 2014, provides premium cars with additional services such as…

FridayMar 22, 2024 9:00 am

D-Wave Expands Executive Team to Bolster Growth, Execution

Earlier this week, D-Wave Quantum Inc. (NYSE: QBTS) announced that it was making new appointments to its team to advance product innovation and growth strategy. The company, a leader in quantum computing systems, services and software, is the first commercial supplier of quantum computers globally. The new appointments include Dr. Trevor Lanting’s promotion to chief development officer and Lorenzo Martinelli’s appointment as the firm’s chief revenue officer. As chief development officer, Lanting will be in charge of leading the conpany’s product innovation roadmap, which includes its full stack of quantum computing software and hardware solutions. Lanting has more than 15…

ThursdayMar 21, 2024 9:45 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Go-to-Market Growth Strategy and Upcoming Participation in 36th Annual Roth Conference

D-Wave’s new go-to-market (“GTM”) growth strategy, initially focused on key verticals, including logistics, manufacturing, and government, is expected to accelerate the adoption and deployment of commercial quantum technologies The GTM approach reinforces the value of the company’s unique annealing quantum computing solutions, which help organizations solve highly complex computational problems today According to Hyperion Research, over 80% of enterprises are expected to increase their investments in quantum computing over the next two to three years, with logistics and supply chain management identified as top sectors to benefit from quantum computing capabilities D-Wave Quantum (NYSE: QBTS), a leader in quantum computing…

WednesdayMar 20, 2024 9:00 am

Mixed Investor Reactions as Lucid Motors Partners with NeueHouse

Last week, Lucid Motors (NASDAQ: LCID) announced that it had entered into a partnership agreement with NeueHouse, a company that offers private offices as well as collaborative workspace, meeting and event spaces. The partnership officially began on Feb. 23, 2024, at NeueHouse’s Madison Square 10x10 House Party. The American manufacturer of luxury electric vehicles saw its shares drop by 5% following the announcement, which may indicate rising concern among its investors. Lucid’s first car, Lucid Air, is a state-of-the-art luxury sedan with a design inspired by California. According to the company’s official press release, the move to partner with NeueHouse…

MondayMar 18, 2024 9:00 am

Fisker Courts Nissan for a Partnership, and Cash

Fisker Inc. (NYSE: FSR), an EV manufacturing firm based in the U.S., recently announced that it was in talks with Nissan. This comes a day after the firm’s CEO announced that they were involved in talks of capital infusion from another car manufacturer. The CEO, Henrik Fisker, also gave a going-concern warning, which suggests stress in a market whose consumer demand seems to be dwindling while growth slows down. In addition to this, the EV company announced plans to reduce its workforce by 15%, reporting that its earnings were lower than expected. Further, the firm revealed that it was experiencing…

FridayMar 15, 2024 9:00 am

Coinbase’s Share Price Rises as Bitcoin Soars

Coinbase Global Inc. (NASDAQ: COIN)’s stock prices have gone up significantly amid a surge in Bitcoin prices and even surpassed the listing price set during Coinbase’s direct public offering in 2021. The rise in share prices represents a major turn for the better for a crypto exchange that has dealt with significant challenges since it joined the stock market. Coinbase share prices have surged by a whopping 60% since the beginning of the year and passed $252 per share this month, Coingape reports. This is the first time in several years that Coinbase shares have cleared the $250 mark and…

WednesdayMar 13, 2024 9:00 am

Early R2 SUV Orders Give Rivian a Market Edge

Last week, Rivian Automotive Inc. (NASDAQ: RIVN)’s shares closed about 2% higher following the launch of its new SUV. Rivian is an electric-vehicle manufacturer and automotive-technology and outdoor-recreation company backed by Amazon.com. Within hours of its launch, the company received thousands of reservations, which fueled optimism that Rivian could occupy a larger share of the EV market. In a post on X, Rivian CEO RJ Scaringe stated that the company had seen more than 68,000 reservations for the R2 SUV. The vehicle’s starting price is $45,000, and the EV boasts an estimated range of 300-plus miles. Its charging system allows…

MondayMar 11, 2024 9:00 am

Nikola Names Ex-GM Executive as New CFO

Nikola Corporation (NASDAQ: NKLA) is a company involved in the manufacture of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles and energy solutions. The company recently appointed Thomas Okray as its new chief financial officer. This position had been temporarily filled by the Nikola CEO and president Steve Girsky after then-CFO Anastasiya Pasterick resigned in December 2023. Pasterick moved on to Universal Hydrogen, which is focused on offering hydrogen-powered, electric-fuel-cell powertrains for commercial aircrafts. Okray has extensive experience in the automotive industry, having served as CFO for three other companies in the same industry, the first being Advance Auto Parts, where…

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