Anthropic Files To Sell 801,351,354 IPO Shares At Expected Price $70-$78/Share; Selling Stockgholders To Sell An Additional 23,648,646 Shares

FRVO Q3 Earnings Call Highlights Google Deal and Geothermal Expansion

Fervo Energy (FRVO) announced a major 15-year, 396-MW power purchase agreement with Google with deliveries starting mid-2028. The company's Cape Station began commercial operations with its first 33-MW GeoBlock ahead of schedule, with two additional blocks expected online by January 2027. FRVO is targeting $5,500 per kW construction costs and has 1,054 MW in binding agreements worth $11.9 billion, while maintaining a longer-term $3,000 per kW cost target.

Nvidia Is Down 30% From Its High. History Says This Is What Happens Next.

Nvidia stock has fallen 30% from its all-time high due to a combination of broader tech sell-off concerns about AI regulation and a scandal involving CEO Jensen Huang's alleged affair with a Chinese intelligence asset. However, historical analysis shows Nvidia has recovered from similar 20%+ drops multiple times over the past five years, each time reaching much higher levels. Despite current headwinds, Nvidia remains central to AI development with strong demand from hyperscalers and expected 90% sales growth this year.

Constellation and Vistra Get the Headlines. These 2 Power Producers Barely Get Mentioned.

While Constellation Energy and Vistra dominate headlines, Talen Energy and NRG Energy are lesser-known power producers positioned to benefit from growing AI data center demand. Talen has secured a long-term nuclear power supply agreement with Amazon, while NRG is expanding capacity through natural gas assets and the CPower acquisition. Both companies offer attractive valuations but face execution risks and regulatory scrutiny.

Google Agrees To Additional Privacy Protections In Acquisition Of Employee Data From Defunct Spirit Airlines

Alphabet and Adobe Expand AI Partnership

Alphabet's Google and Adobe have announced an expansion of their partnership to integrate AI models into creative and marketing applications.

AvePoint Expands Strategic Partnership with Microsoft for AI Governance

AvePoint has announced an expanded strategic partnership with Microsoft to provide enhanced tools for deploying, securing, and governing AI across enterprise environments.