Articles by Dennis Singleton
Page 8 of 12
Bitcoin miners are becoming AI landlords. Here's how far each one has actually gotten.
Eight bitcoin miners are pitching the same AI pivot, but they're nowhere near equally far along. IREN and TeraWulf already have AI revenue flowing. Hut 8, Cipher and Applied Digital have billions in signed leases that haven't started billing yet. CleanSpark still just mines bitcoin.
New York froze new data centers for a year, and TeraWulf just became the day's biggest loser because of it. Nebius, close behind, has nothing to do with New York.
Governor Hochul signed a first-in-the-nation moratorium on new hyperscale data centers today, and TeraWulf (WULF) fell 6.7%, the hardest hit in the group, because it owns exactly the kind of project the order targets. Nebius (NBIS) fell almost as much, and Digital Realty (DLR) also dropped on real New York exposure, but Nebius and CoreWeave (CRWV) have nothing to do with Albany.
Gloo (GLOO) sells tech to churches. One of its biggest shareholders is Bill Hwang's foundation.
Grace & Mercy Foundation just bought $3 million more of Gloo (GLOO) stock, bringing its stake to about 18.6%. The foundation was founded by Bill Hwang, the Archegos founder sentenced to 18 years in prison for a fraud that cost banks $30 billion.
Penguin Solutions (PENG) hit a 52-week high last week. Its own debt sale knocked it down 12% on July 13.
Penguin Solutions announced a $650 million convertible notes offering after Monday's close, and the stock dropped as much as 12% in after-hours trading before clawing back some of the loss. The sale comes less than a week after PENG touched a 52-week high on a blowout earnings beat.
Figma's 12% jump is a short squeeze. Astera Labs fell 13% on no news at all.
Figma led todays gainers on a short squeeze, not sector strength. Astera Labs led losers on no company news at all, dragged down by the same SK Hynix crash rattling memory chips. Here is what todays biggest movers actually tell you.
The VIX is up 8% today. Gold, bonds and Bitcoin are all down anyway.
The CBOE Volatility Index jumped 7.6% today, intraday around 11:30am ET, real fear in the tape. But gold, silver, Treasury bonds and Bitcoin all fell anyway. Energy and oil were the clear winners, technology and small caps the clear laggards.
The Iran war just crashed the Kospi into its 7th circuit breaker of the year. SK Hynix fell harder than Samsung again.
South Korea's Kospi crashed 8.95% and halted trading for the seventh time this year as US strikes on Iran spread to Bahrain, Oman, Jordan and Kuwait. SK Hynix fell harder than Samsung again, and its three-day-old US ADR followed the Seoul selloff down too, though by a smaller margin.
Inside the AI hardware stack, from Nvidia's chips to the grid that powers them
An AI data center is seven layers of hardware: GPUs, memory, storage, CPUs, networking, manufacturing, and power. Here's the full map, with the public companies behind each layer and where the bottlenecks actually are.
Futures down, oil up just 3% after Iran closes the Strait of Hormuz (July 12, 2026)
Iran declared the Strait of Hormuz closed after the heaviest weekend of US strikes in months. Stock futures opened lower Sunday night and oil jumped about 3.1%. When this war started in March, the same headline took Brent to $126.
The government is banking on drones becoming the future of warfare. The stocks got crushed anyway
Ukraine is fighting with cheap, disposable drones and the Pentagon wants nearly $75 billion for unmanned systems next year. AeroVironment, Kratos, Red Cat, Ondas, Unusual Machines, and AIRO are all down 45% to 65% anyway. Here's why.
Institutions got SK Hynix at $149. The public paid $170 the next day.
SK Hynix's $26.5 billion Nasdaq ADR priced at $149, and ten investors took half the deal. When SKHYV actually started trading, the first print came in at $171.71. Here's how the allocation worked, and why the public never had a shot at that price.
Bullish Watch, week of July 13: the market panicked over a Meta headline, and got it wrong
This week's watchlist, updated through Tuesday: Nebius gave back its early bounce on a data-center headline unrelated to its business, Kraken Robotics is holding up best of the five, Intel swung from a 6% drop to a 4.5% rally in two days, and Rocket Lab and Harmonic are still finding their footing.
Why options really do lose value fast on Fridays, and it's not a Wall Street conspiracy
It feels like your option loses value the moment Friday shows up, and a lot of traders assume institutions are rigging it against them. The real explanation, theta decay and how market makers hedge, is less sinister and more useful to actually understand.
What is a SPAC? DraftKings, Lucid and the Agility Robotics deal (CCXI), explained
A SPAC skips the normal IPO process by merging a private company into an already-public shell. Here is how that actually works, and what happened to the famous ones, from DraftKings to Lucid to the Agility Robotics deal (CCXI) moving through the pipeline right now.
Meta (META) jumps 4.7% on Muse Spark 1.1, Zuckerberg's return to X, and the Alberta data center
Meta Platforms (META) closed up about 4.7% on July 9, with the gains accelerating hardest in the final hour of trading. A new coding AI model, Mark Zuckerberg's first X post in three years, and last week's $9 billion Canada data center all fed the same move.
TeraWulf is borrowing $3.5 billion for its Anthropic data center. Here's what that means for the stock (WULF)
TeraWulf is raising $3.5 billion in debt, its first-ever leveraged loan deal, to build the Kentucky campus behind its $19 billion Anthropic lease. The stock is up again today, but the move is more complicated than it looks.
Jim Cramer's tech calls, like Micron and Intel, are missing far more than everything else
We pulled 23 of Jim Cramer's stock calls from late April through early July and checked the real numbers. His tech picks are down 7.2% on average with just 1 winner out of 10. His other calls are roughly flat, and just under half are green.
SK Hynix priced its Nasdaq debut 3.1% above Seoul, after demand ran 7 times oversubscribed.
SK Hynix guided its Nasdaq ADR offering to $149 each, a 3.1% premium to Seoul's close, after the book ran more than 7 times oversubscribed. Here's the math behind the premium and who anchored the deal.
Chip stocks just had their best day in weeks. Meta and Amazon are both betting billions that AI compute demand isn't topping out (MU, WDC, META)
Micron, SanDisk, and Western Digital are having their best day in weeks. A week after a rumor said Meta had too much AI compute, Meta and Amazon both bet billions that demand is still growing, and Samsung's own record quarter couldn't shake investors until this week's data center news did.
Meta said it had spare compute. Then it broke ground on a $9 billion data center in Canada (META, CRWV, NBIS)
A week after Meta's excess-compute cloud plan crushed the neoclouds, it broke ground on a C$13 billion, 1-gigawatt data center in Alberta, Canada. The demand is real.
China called Claude Code a security backdoor. Here's what it means for Anthropic's trillion-dollar IPO.
China's National Vulnerability Database called Anthropic's Claude Code a security backdoor, and Alibaba banned it. Amazon and Google's stakes in Anthropic already drive over half their quarterly profits, with a trillion-dollar IPO on the way.
The Nasdaq fell 8% when this war started, then blew past its old record high.
Iran escalated again today, and the Nasdaq is only down about 0.8%. This same war already showed the pattern once: an 8% drop in March, then a genuine record high by June.
Wall Street used to move the Kospi. This week, the Kospi moved Wall Street.
South Korea's Kospi tumbled into a bear market this week. Its relationship with Wall Street isn't a one-way street. It runs both directions, depending on where the shock starts.
TeraWulf, CoreWeave, and Nebius are having a big day. The stocks still mostly mining bitcoin are not.
TeraWulf, Nebius, IREN, CoreWeave, and five other AI infrastructure stocks are surging together Wednesday, while HIVE Digital and CleanSpark, the two names still mostly mining bitcoin, are red. The split isn't random.