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The US Treasury Department revoked a waiver that allowed the sale of Iranian oil following new attacks on tankers in the Strait of Hormuz.
China's crude oil import demand is down by 5 million barrels per day year-over-year, representing a 50% decrease.
In 2023, solar power was the largest contributor to the growth in global energy demand for the first time ever.
Goldman Sachs believes US power, particularly in the PJM Interconnection market, is the commodity that will benefit most from the AI buildout.
US power demand is currently growing at a faster rate than US GDP.
A Goldman Sachs model predicts that US power demand from data centers will double by the end of 2027, even after accounting for project delays and cancellations.
In its preliminary results, Samsung reported that revenue more than doubled and profit increased 19-fold from the prior quarter.
Amazon is seeking to raise $25 billion through a US dollar bond sale to fund infrastructure investments.
Nearly every major AI research lab and hyperscale cloud provider is currently developing custom silicon for AI workloads.
AI startup Deepseek raised $7 billion in its first fundraising round.
Sell-side analyst price targets for SpaceX, such as from Morgan Stanley, attribute the majority of the company's future valuation to its AI business rather than its core space operations.
Rivian announced it will sell 75 million shares to fund equity contributions required as part of a loan agreement with the U.S. Department of Energy.