Financial News with AI Impact Scores

Howard Lutnick Says Trump Administration Chip R&D Partnership With Former Intel CEO Pat Gelsinger's Startup Can 'Fundamentally Rewrite The Limits'

The Trump administration has signed a preliminary agreement to invest up to $150 million in xLight, a startup co-founded by former Intel CEO Pat Gelsinger, to develop a new energy-efficient laser for advanced chip manufacturing. This investment aims to support the construction and testing of a free-electron laser prototype, which could enhance wafer-processing efficiency by 30% to 40% while reducing energy demands. The initiative marks the first major action by the CHIPS Research and Development Office under the current administration, following a broader push to secure domestic supply chains in semiconductors.

Michael Saylor's Bitcoin-Leveraged Strategy Could Lead To Disaster For His Company, Says Ross Gerber: 'Are They Fit Enough To Survive?'

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, expressed concerns about Strategy Inc. (NASDAQ: MSTR) due to its leveraged Bitcoin strategy, suggesting it could lead to disaster for the company. Gerber's remarks followed Strategy's announcement of a $1.44 billion reserve intended to fund dividends and interest without selling Bitcoin during downturns. Currently, Strategy holds 650,000 BTC at an average price of $74,433, and if Bitcoin's value declines by another 14%, the company's position could turn negative. As of the latest trading session, MSTR shares closed at $171.42, down 3.25%.

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending