To The Moon

Space is hot, and New Street Research has four Buy-rated stocks to play the trend.On Wednesday, New Street launched coverage of 10 stocks: AST SpaceMobile, Eutelsat, Iridium, Planet Labs, Rocket Lab, EchoStar, SES, Space42, Telesat, and Viasat.New Street plans to pick up coverage of SpaceX ahead of its record-setting IPO. SpaceX plans to raise as much as $75 billion, valuing Elon Musk's rocket company at up to $2 trillion, in a midyear IPO."Space is the next frontier," wrote the broker, poised to capture "trillions of dollars of economic growth over the next two decades, disrupting and growing multiple terrestrial industries.". Some of those industries are telecom, with space-based systems delivering wireless service. Alphabet and SpaceX also want to put AI data centers in space. Defense applications in space will also proliferate in the coming years.Rocket Lab is the only Western alternative to SpaceX's dominance in launch services. Viasat and UAE-based Space42 have attractive spectru

Market OverviewU.S. stocks advanced, with the Dow Jones Industrial Average gaining 0.75%, the S&P 500 rising 0.77%, and the $Nasdaq(NDAQ)$ Composite adding 0.88%.ETF market tone was constructive, as...

Nebius: Increase in Spending Is Driven by Visibility for 2027 and Our Need to Invest Ahead of Capaci

Nebius reported a nearly eightfold rise in quarterly revenue on Wednesday.

Nebius reported a nearly eightfold rise in quarterly revenue on Wednesday.

Infrastructure giants such as GE Vernova and Bloom Energy are the new gatekeepers of the AI grid. AI is repricing energy across the U.S. economy, but not uniformly.Data-center electricity demand is growing several times faster than global electricity consumption, and AI-focused facilities are growing faster still.Big Tech's AI buildout has a power problem, and it is no longer confined to data centers. The shortage is moving through the grid, into utility-rate filings, onto the balance sheets of energy-intensive industries, and straight into the cost structures of software companies that built their business models on the assumption that computing was cheap.For investors, the question is not whether AI is inflating energy costs. That debate is settled. The question is who absorbs those costs, who can pass them on, and which companies sit on either side.The hyperscalers are largely insulated. Amazon, Microsoft, Google and Meta

BUZZ-Australia's Flight Centre Travel gains on stronger Q3 results** Shares of Flight Centre Travel FLT.AX rise as much as 4.3% to A$10.60, their highest level since April 28** Stock set for best intraday session since April 8, if current gains hold** Corporate travel manager posts 6.8% rise in Q3 total transaction value to A$7 bln ** Co posts 18.5% rise in Q3 underlying profit before tax to A$102.6 mln** Says FY26 guidance for UPBT unchanged at A$315m–$350m** Warns impact of ongoing unrest and potential future fuel supply disruption is not currently clear heading into the key May-June trading period** Sees potential Q4 FX headwinds on overseas profit translation given the Australian dollar's strength** YTD, stock down 29.8%, including the day's moves