Amazon will benefit big time from data center spending.All everyone wants to talk about is Nvidia. The computer chip company is now the largest stock in the world by market capitalization, quickly joining the $3 trillion club along with Apple, Microsoft, and Alphabet. Investors are betting with their wallets that the rising demand for artificial intelligence (AI) computing power will drive huge earnings growth for the likes of Nvidia.They are forgetting one company that will be an underrated beneficiary of ...

[Music] All right, that is the closing bell down on Wall Street and at the NASDAQ market site. Welcome to Market Domination Overtime, giving you full coverage of all the moves to get you up to speed on the action from today's trading stocks closing lower to finish the trading day retreating from those records. For more on the moves in today's market, the overall setup, let's bring in Michael Green.He is the chief strategist at Simplify Asset Management. Michael, thanks so much for stopping by. So, let's jus ...

Record fiscal Q4 and full-year revenue driven by AI data center growthForecasting $1.2 billion in sequential revenue growth with gross margins exceeding 50% BOISE, Idaho, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2025, which ended August 28, 2025. Fiscal Q4 2025 highlights Revenue of $11.32 billion versus $9.30 billion for the prior quarter and $7.75 billion for the same period last yearGAAP net income of $ ...

A more challenging job market isn't the only hurdle for college students. It turns out that "educators and employers need to reconnect and realign," according to Cengage Group's study "The Missing Link: Accountability in Career Readiness." Almost half of graduates feel unprepared for the workforce, per the study. Meanwhile, 56% of those graduates cited the lack of job-specific skills as the top skillset they didn't obtain in college but felt like they needed. Don't Miss: How Students Feel About College ...

Automotive software developers in India, who are mostly focused on innovations around software-defined vehicle (SDV), are witnessing long development cycles, highest globally, as several regulatory pressures are compounding existing development bottlenecks, reported QNX, a division of BlackBerry Limited, a Canadian software firm that specialises in secure communications and IoT.The company here on Tuesday said automotive software developers teams in India faced the longest development cycles and highest rec ...

**公司：Affirm Holdings Inc (AFRM)** [1] 财务业绩与指引 * 公司公布2026财年第一季度指引 商品交易总额（GMV）增长高值为37% 收入减交易成本（RLTC）增长高值为43% 调整后营业利润率预计为23%-25% 按美国通用会计准则（GAAP）计算的营业利润率为1%-3% [4] * 2026财年全年GMV目标设定为460亿美元 同比增长25.5% RLTC占GMV的比率（take rate）预计稳定在约4% 调整后营业利润率目标为略高于26% 计划实现约2个百分点的经营杠杆 GAAP营业利润率目标为6% [5][6] 业务增长与战略 * 直接面向消费者（DTC）业务增长强劲 第四季度Affirm Card的GMV增长超过130% DTC业务与POS业务形成协同效应 通过POS端点获取新用户后可转化至DTC业务 [8][9] * 月度0%利息贷款产品是增长最快的贷款产品 第四季度增长超过90% 预计在2026财年将继续保持最快增速 该产品有助于加速新用户获取 并能吸引信用谱系中高端的消费者 同时也能为商户带来更高转化率和流量 [11][12][13] * 国际扩张是增长重点 已进入英国和加拿大市场 英国电商市场规模约为美国的三分之一 BNPL渗透率与北美相近 约为8% 公司计划与Shopify合作在英国推出更长期的月度分期（主要为计息）贷款产品 该产品在当地市场尚未大规模存在 [34][35][36][37][38] * 未来计划扩张至欧洲大陆市场 但目前重点在于执行好英国市场的扩张 [39] * 服务类别（如家居服务）被视为重要的增量增长机会 与Service Titan的合作具有潜力 该类别的交易通常金额较高且是经过深思的购买 [24][25] * 公司通过Affirm Card接入信用卡网络 能够覆盖未与Affirm直接整合的商户 从而降低对深度整合的依赖 并让消费者数据指引下一个拓展的类别 [26] 产品与竞争优势 * 公司提供广泛的贷款产品 spectrum 从低至35美元的短期（6周或30天）贷款 到平均订单价值高达35,000美元的长期（48或60个月）贷款 这种广度在行业中独具特色 [17][18] * 与竞争对手相比的关键差异化包括 对所有交易进行逐笔承销（transaction-level underwriting） 不收取滞纳金 提供公平诚信的金融产品 [18][19][27] * 逐笔承销是核心竞争优势 使其能够每次都对消费者进行重新评估 保持信贷决策的敏捷性 第四季度约95%的交易来自重复借款者 数据显示其第二次、第三次交易的风险持续阶梯式下降 [27][28][29] * 公司拥有独特的专有数据资产 随着消费者交易增多 其还款历史成为承销决策的重要信号 [31] * 信贷表现（拖欠率）优于信用卡 这主要归功于逐笔承销带来的灵活性和敏捷性 [30][31] 竞争格局与行业前景 * BNPL在美国是一个高增长类别 行业年增长率约为25% 对美国电商销售的渗透率已超过8% 而一些国际市场的渗透率可达15%-20% 因此仍处于早期阶段 且电商本身也在持续增长 [15][16] * 行业一直存在竞争 但消费者需求推动了类别增长 [15] 风险与资金管理 * 公司对经济周期具有韧性 其贷款平均期限约为12个月 加权平均寿命（WAL）约为5个月 使其能够快速调整航向 [21][22] * 利率变动的影响 利率每变动100个基点 预计会导致RLTC约40个基点的变化 这是由于贷款加权平均寿命约为5个月（占一年的40%） 但目前只有约15%的资金是浮动利率 固定或半固定利率资金需要一两年时间才能完全重新定价 此外 利率下降环境可能伴随消费者健康度恶化 从而在承销方面带来挑战 [58][59][60] * 资金渠道多样化且畅通 资产支持证券（ABS）发行和贷款销售计划（forward flow）获得良好接受度 强大的承销和信贷结果为资金提供方带来强劲可预测的回报 吸引了优质的资金合作伙伴 [62][63][64][66] * 对于银行牌照持开放态度 但认为目前并非必需 若未来获得银行牌照 存款将成为第四种资金渠道 用于多元化 但不会成为主要资金来源 需权衡存款的低成本与银行牌照的行政开销 [67][68] 运营效率与客户获取 * 公司专注于同时实现增长和盈利 2026财年指引目标包括驱动经营杠杆和调整后营业利润率扩张 [69][70][71][72] * 客户获取成本（CAC）极低甚至为负 大多数消费者通过商户渠道获得 这是一种盈利、可扩展且可持续的方式 [75][76] * 活跃消费者数量超过2300万 同比增长24% 每位活跃消费者的交易次数接近6次 同比增长19% [76][77] * 目前没有大规模电视或社交媒体广告计划 也没有推出忠诚度积分奖励计划的打算 而是考虑通过调整提供给消费者的利率（APR）作为实现奖励和惊喜的一种方式 [79][80][81] 技术应用（AI） * AI不用于创建承销模型 以保持决策的可解释性 但公司利用机器学习模型进行实时承销决策 每年发布的新信贷模型必须在转化率和还款结果上超越旧模型 [52][53][54] * AI应用于其他领域 如提高工程师生产力、可扩展地 onboarding 商户、聊天机器人以及基于语音的客户支持试点 也可用于优化向消费者展示的贷款选项 [55][56][57] 消费者健康状况 * 当前还款率符合预测模型 由于贷款期限短（平均贷款金额低于300美元）且坚持逐笔承销 公司让数据指引承销策略 目前模型和结果表明确保了正确的承销姿态 [83][84] 合作伙伴关系 * 与Apple Pay合作 成为其Apple Pay Later的发布合作伙伴 目前其服务将扩展到线下零售场景 这是一个巨大的机会 [48][49] * 与大型商户和平台（如Shopify）合作存在 concentration risk 但公司通过“购物车份额”（share of cart）指标衡量 认为在这些大型项目中的渗透率仍低于行业8%的渗透率 因此还有很大增长空间 [42][43] * Affirm Card有助于缓解 concentration risk 其线下交易占比比整体业务高一个数量级 能触达规模数倍于电商的线下商业市场 [44][45][46] * 公司与众多高端时尚品牌（如Net-a-Porter Gucci）合作 旨在实现全覆盖 [50][51]

We are back on Morning Trade Live. Let's go inside out now on Micron. The memory and storage stock is trading just below all-time highs and reports earnings after the close today.Analysts are expecting adjusted EPS to come in at $282 a share with revenue coming in at just over 11 billion for the quarter. Shares are up nearly 175% from the April lows. Joining us now to take a look at a closer look at Micron is Paul McCarthy who is president Kiscoco Capital.Thank you so much for joining us Paul. this morning. ...

CleanSpark, Inc., a Bitcoin mining company, announced that it has increased its Bitcoin-backed credit facility with Coinbase Prime by $100 million. The company, based in Las Vegas, Nev., stated that the financing will be used for strategic capital expenditures, including expanding its energy portfolio, scaling its Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities. The expansion of the credit facility, which is backed by CleanSpark's Bitcoin holdings, is part of a br ...

Many also remain committed to I&D, while some turn to AI for inclusive practices ROLLING MEADOWS, Ill. , Sept. 23, 2025 /PRNewswire/ -- In a workplace climate shaped by economic uncertainty, Gallagher's 2025 U.S. Talent Benchmarks Report reveals that employee retention has become a top operational priority — ranking second only to growing revenue or sales. ...

| Credit: Photo by Pedro Fiúza/NurPhoto via Getty Images) Key Takeaways YZi Labs spun off from Binance in January, but remains under the control of Changpeng Zhao (CZ). However, the company is open to raising capital from outside sources. Originally focused on crypto and DeFi, YZi Labs has increasingly branched out into other sectors. As a private investment company that spun off from Binance at the start of 2025, YZi Labs is likely majority, or entirely owned by Binance insiders, including Changp ...