The Sudden AI Panic Has A Lot To Do With The November Midterms

Iran Says 35 Ships Exited Strait Of Hormuz As Rubio Condemns Tolls The US blockade of the Iranian blockade is looking increasingly more porous. Iran said 35 ships passed through the Strait of Hormuz in the past 24 hours in coordination with the Islamic Revolutionary Guard Corps, the Iranian state broadcaster reported on Friday. The navy had already reported on Wednesday that 26 ships had passed through the strait within 24 hours. On Friday, the data provider Kpler confirmed only 10 passages on Wednesday. This represented an increase from the four passages...

Trump Announces "Massive" Greenland Oil Exploration Plans Authored by Tsvetana Paraskova via OilPrice.com, "Massive" oil, gas, and minerals exploration will soon begin in Greenland, U.S. President Donald Trump said on Wednesday, claiming that the territory has enormous resources of readily available oil. Last month, the United States, Denmark, and Greenland signed an agreement to strengthen defense and security in the Arctic and North Atlantic, easing months of tensions over President Trump's frequent threats to seize the Danish territory. The agreement reaffirmed Danish sovereignty and the right to self-determination of Greenland residents. "Massive Oil,...

CXMT Becomes China's Most Valuable Company As UBS Calls Apple Sourcing Report A "Key Catalyst" Shares of ChangXin Memory Technologies (CXMT), China's top DRAM maker, surged 12% to a record 61.80 yuan on Monday, lifting its market capitalization to 4.13 trillion yuan. The upside is because reports that Apple is considering using CXMT memory chips, alongside continued momentum across chip stocks following last week's gains in SanDisk and Micron.  UBS analyst Jason Milao, who covers CXMT (now China's most valuable company) with a "Buy" rating and a 70 yuan price target, wrote...