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Wall Street's Robot Mania, Google Goes Nuclear, And Alaskan Gold

Wall Street's Robot Mania, Google Goes Nuclear, And Alaskan Gold

The markets and trends that matter, made simple. Discover what’s next.

October 15, 2024

Robot Mania Is Running Rampant On Wall Street

Publicly traded companies have been ramping up innovation around robotics recently, leading to a flurry of new product launches, partnerships and distribution deals. Robotics has been a highly important trend in Silicon Valley for decades, but excitement around the potential for robots has been slower to hit the public markets. That seems to be changing, with Tesla, Nvidia, and even Chipotle launching products and making investments in the space.

Google Is The Latest Tech Giant To Go Nuclear

Google (NASDAQ: GOOG) has officially entered into an agreement to purchase power from nuclear energy startup Kairos Power that will be generated from a fleet of their small modular nuclear reactors. The news follows recent moves from Microsoft and Amazon, who have inked new deals with nuclear energy companies as a way to power their data centres and cloud computing businesses.

Could Alaska Hold The Next Giant Precious Metals Discovery?

U.S. GoldMining (NASDAQ: USGO) announced an updated mineral resource estimate for their flagship Whistler Gold-Copper project located in Alaska which has more than doubled their original projections. The company is now pursuing 12 new potential nearby targets that have yet to be explored and share similar important geological characteristics to existing deposits located at the property.

The Sprint

Advanced Micro Devices (NASDAQ: AMD) landed a new deal with Oracle (NYSE: ORCL) to provide their Instinct MI300X GPUs to build out a new supercluster for artificial intelligence computing.
SoFi Technologies (NASDAQ: SOFI) announced a new partnership with asset management giant Fortress in which they will provide $2 billion in new capital to be used for loans to SoFi customers.
Wolfspeed (NYSE: WOLF) has secured $750 million in new financing in a round that included Apollo, The Baupost Group, and Fidelity to advance their silicon carbide semiconductor manufacturing technology.
Canopy Growth (NASDAQ: CGC) has officially acquired popular cannabis brand Wana and its multiple subsidiaries.
BigBear AI (NYSE: BBAI) has landed a new $165 million deal with the United States Army for building out an artificial intelligence powered automation platform.
Autonomous vehicle innovation has been accelerating recently in both the private and public markets, which has sparked an enormous amount of excitement about what the future of transportation may look like.
Gunzilla Games launched their newest video game Off The Grid onto the Epic Game Store. The game is built on the Avalanche blockchain and has plans to launch both a crypto token and tradable NFTs.
Multiple large asset management companies have filed applications to launch new spot ETFs for providing exposure to Ripple’s XRP token through the traditional public markets.

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