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ChronoScale Stock Soars 15% on AI Compute Momentum Following Recent Spin-Off

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Hesai Group Shares Climb 12% on Strong LiDAR Demand and

DALLAS — Shares of ChronoScale Corporation surged more than 15% in morning trading Tuesday, climbing to $19.55 as investors continued to embrace the newly independent artificial intelligence cloud computing company’s focused strategy and leadership additions in the fast-growing AI infrastructure sector.

The sharp gain came on solid volume for the small-cap name, reflecting renewed enthusiasm for dedicated AI compute providers amid broader sector tailwinds. As of 11:34 a.m. EDT, ChronoScale shares had risen $2.58, or 15.20%, on the Nasdaq Capital Market. The move pushed the company’s market capitalization toward $70 million.

ChronoScale, which began trading independently in early May 2026 after a spin-off from Applied Digital Corp., has seen significant volatility but strong overall momentum since its debut as a pure-play accelerated compute platform for demanding AI workloads.

Strategic Spin-Off and AI Focus

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The company emerged from Applied Digital’s separation of its cloud business, with Applied Digital retaining approximately 97% ownership after investing $15.75 million through a private investment in public equity (PIPE) transaction. The move created a dedicated entity focused exclusively on high-performance AI computing infrastructure.

ChronoScale operates data centers and provides accelerated compute solutions optimized for large-scale AI training and inference. Its transition into an independent public company has allowed it to sharpen its focus on GPU-based platforms and next-generation AI infrastructure demands.

The recent leadership appointment of Cenly Chen as chief executive officer and board member has been a key catalyst. Chen, who previously served as chief growth officer at Super Micro Computer, brings extensive experience in scaling AI server and compute infrastructure businesses. His appointment in early May signaled the company’s ambition to capture a larger share of the exploding AI data center market.

Market Reaction and Performance

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Since gaining independence, ChronoScale shares have experienced substantial swings typical of small-cap technology companies tied to AI themes. The stock has climbed significantly from its post-spin levels, though it remains well below some earlier highs reached in late May. Year-to-date performance reflects investor bets on AI infrastructure growth despite ongoing operational challenges.

Tuesday’s trading activity aligns with positive sentiment across AI-related stocks. Peers in data center and compute spaces have also seen gains as hyperscalers and technology giants continue expanding capacity for artificial intelligence applications. ChronoScale’s positioning as a specialized provider has drawn attention from retail and institutional investors seeking exposure to this high-growth area.

Operational Background and Challenges

ChronoScale’s roots trace back to a business combination involving Applied Digital’s cloud assets and legacy operations from what was previously Ekso Bionics before the strategic pivot. The company now emphasizes sustainable, high-density compute solutions designed to handle the intensive power and cooling requirements of modern AI models.

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Financial results remain in investment mode, with recent quarters showing losses as the company ramps capacity and invests in technology infrastructure. Analysts note that execution on customer contracts and utilization rates will be critical for long-term profitability. The firm benefits from Applied Digital’s continued significant ownership and strategic support.

Broader AI Infrastructure Landscape

The surge in ChronoScale shares underscores the market’s appetite for companies enabling AI expansion. Data center demand has accelerated as major technology firms race to build out capacity for training increasingly sophisticated models. Silicon carbide, advanced cooling, and high-performance networking solutions are all seeing heightened interest.

ChronoScale aims to differentiate through its accelerated compute platforms purpose-built for AI. Management has highlighted potential revenue opportunities from long-term contracts with hyperscalers and AI developers seeking specialized infrastructure.

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Analyst Perspectives and Outlook

Coverage of the newly public entity remains limited, but early commentary has highlighted both opportunity and risk. Some analysts point to the strong AI tailwinds and experienced leadership as reasons for optimism, while others caution about the capital-intensive nature of the business and competition from larger players.

The company’s small float and recent spin-off status contribute to elevated volatility. Short interest and options activity have been notable, typical for names with high retail investor interest in the AI space.

Near-term catalysts could include updates on capacity utilization, new customer wins, or further details on expansion plans. Fiscal year-end shifts and upcoming earnings will provide greater visibility into operational progress.

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Risk Factors

Despite the positive trading session, challenges remain. ChronoScale operates in a competitive environment where larger established data center operators hold advantages in scale and capital access. Execution risks around infrastructure buildouts, energy costs, and technology integration are significant.

Macroeconomic factors, including interest rates and technology spending cycles, could influence growth. The company’s history as a smaller entity transitioning focus also introduces integration and operational uncertainties.

Path Forward

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As ChronoScale builds its independent track record, investor attention will center on its ability to convert AI market demand into sustainable revenue and margins. The recent CEO appointment and spin-off structure position the company to move quickly in a dynamic sector.

Tuesday’s gains reflect confidence in the AI compute story, but sustained performance will depend on fundamental delivery. Market participants will monitor volume, news flow, and any analyst initiations for additional signals.

With the broader technology sector remaining sensitive to AI developments, ChronoScale’s trajectory offers a microcosm of investor sentiment toward specialized infrastructure plays. The coming months will test whether the company can capitalize on its repositioning and leadership expertise amid intense industry competition.

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Business

Dish Network Down? Outage Reports Spike, With Picture Freezing and Signal Loss Affecting Customers

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Reports of a possible service disruption affecting Dish Network surfaced Wednesday, with some viewers reporting issues across the satellite TV provider’s channels, even as official confirmation of a widespread outage remained limited.

What Users Are Reporting

StatusGator has detected an outage at Dish Network. Picture breaking up and freezing on all channels. There have been 36 user-submitted reports of outages in the past 24 hours. Based on our analysis, Dish Network might be experiencing or have recently experienced an outage even though there is no official acknowledgment of the issue.

The specific problems reported by users have centered primarily on signal quality issues rather than a complete blackout. Incident description: Satellite TV signal loss affecting service availability. The disruption was first detected at 5:57 p.m. on Wednesday, June 24.

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Where Reports Are Concentrated

The most recent Dish Network outage reports came from the following cities: Crawfordville, Ashburn, Connersville, Phenix City, Chillicothe, Baytown, French Lick, Cedar Rapids, Charlotte, Tompkinsville, Mason, Beaverton, Abilene, Dallas, and Twin Falls — suggesting the reported issues, if connected, span a wide geographic footprint across multiple states rather than being confined to a single regional outage.

No Official Acknowledgment From the Company

Despite the volume of user reports, Dish Network has not issued any public statement confirming a widespread service disruption. According to monitoring data, the incident has never been officially acknowledged by the company, a pattern consistent with how Dish has historically responded to user-reported outage spikes that fall short of a confirmed, company-wide technical failure.

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A History of Periodic, Brief Disruptions

Wednesday’s reports add to a documented pattern of intermittent service issues that Dish Network has experienced throughout 2026. Earlier outage data shows a signal loss incident affecting local channels detected on June 7, lasting about 20 minutes, as well as a separate incident on June 3 tied to local channels being unavailable due to maintenance, lasting roughly 29 minutes, and another brief disruption on June 2 involving local channels not working or showing a scrambled picture.

A Notably Quieter Track Record by Other Measures

Not every outage-tracking service has identified the same pattern of frequent disruptions, however, illustrating the inherent variability in how different monitoring tools detect and classify service issues. One service reported that Dish Network appears to be working normally, with report volume within the typical range for the time of day, and noted that the last reported incident before that assessment was roughly 680 days earlier. A separate tracker similarly noted zero confirmed outages over the prior 12 months, based on its own monitoring methodology, despite scattered individual user complaints about slow performance or channels not working.

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What to Do During a Suspected Outage

For customers experiencing service problems, Dish has outlined a standard set of troubleshooting and verification steps. Customers can call the Dish customer support phone number, 1-800-333-3474, which is staffed 24/7, or check third-party outage tracker Downdetector, which surveys customers for issues they’ve faced within the last 24 hours and provides an outage map for a visual check of issues in a specific area. Dish has also directed customers to its DISH Answers account on social media during select hours for real-time updates on potential service outages in their area.

If a confirmed area-wide outage is identified, the company says the only thing customers can do is wait, though Dish maintains that it prioritizes these repairs to restore channels as quickly as possible. For issues isolated to an individual household rather than a broader area, the company recommends checking the connection of the satellite receiver, since equipment-level glitches — such as a failed software update or an overheating receiver — can also cause channel disruptions distinct from a true network-wide outage.

Understanding How Dish Signals Travel

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Dish has explained that service disruptions can originate at any of three points along the signal’s path to a customer’s home. Live TV signals from Dish travel a long path to reach a home, passing through three major touchpoints that can cause an outage: the television stations that send their content to Dish satellites via radio waves, the Dish satellites that bounce the radio signal down to a customer’s satellite dish, and the home satellite setup itself, which converts the signals for display on the television. According to the company, losing just a channel or two typically points to an issue at the originating TV station, while a broader loss across most or all channels indicates a genuine Dish Network-side outage.

With user-submitted reports continuing to be monitored by third-party outage trackers and no official statement yet issued by Dish Network confirming the scope or cause of Wednesday’s reported issues, customers experiencing picture freezing, signal loss, or other service disruptions are encouraged to check Downdetector or similar tracking services for updates specific to their region, or to contact Dish customer support directly for individualized troubleshooting. Given the company’s history of brief, localized disruptions resolving within roughly 20 to 30 minutes, affected customers may see normal service restored relatively quickly, though the company has not provided a specific timeline for resolution as of the most recent reports.

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Macy’s EVP, COO & CFO Edwards Jr. sells $408,726 in stock

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Macy’s EVP, COO & CFO Edwards Jr. sells $408,726 in stock

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Business

VAT cut on theme parks and kids’ meals comes into force

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A stock image of a family enjoying a rollercoaster.

Families are expected to get cheaper access to theme parks, zoos and museums as well as kids’ meals as a temporary VAT cut comes in to force on Thursday for the school summer holidays.

Ticket prices at various attractions are among the activities where VAT will be reduced from 20% to 5% in what the goverment said would help with the cost of living.

The cut begins on 25 June, in time for schools breaking up in Scotland at the end of this month, followed by Northern Ireland, England and Wales in July, until 1 September.

But families, charities and firms said the measure will do little to help squeezed budgets, with some doubting the tax saving would be passed on to customers.

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Chancellor Rachel Reeves said the summer holidays could be quite expensive, and the purpose of the temporary cut to VAT on family-related activities was to “help people make those precious memories during the summer holidays, but not having to fork out too much for it”.

Alan, 42, from Brighton goes to theme parks with him family regularly but he does not expect much from the VAT cut.

“These kind of attractions are quite expensive in the first place,” he said, adding that the savings, if passed on, would be “negligible” and only benefit those who go to theme parks as a one-off.

He said the best option for his family was having a theme park pass, which they use to go to Legoland, Chessington World of Adventure and Sea Life centres.

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Helen Miller, director of the Institute for Fiscal Studies think tank, previously said the measures would lead to some savings, but estimated they would equate to an “average saving of around £10 per UK household”.

Alan says that more useful measures would be if energy and fuel costs were addressed.

“How the government can say this is going to result in any household saving is a mystery,” he said.

Asked whether the savings would be meaningful, Reeves told the BBC the government was focused on helping families.

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“Especially over the summer, things can be a bit more expensive. So we are targeting this directly at families,” she said, adding there would also be unlimited free bus travel for children in England in August.

The chancellor pointed to other measures the government has introduced including freezing prescription charges, freezing rail fares and providing energy bill relief as also helping households with cost of living pressures.

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Fair Issac Stock: Strong Earnings Growth Makes The Valuation Attractive Again (NYSE:FICO)

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Fair Issac Stock: Strong Earnings Growth Makes The Valuation Attractive Again (NYSE:FICO)

This article was written by

I’m a passionate investor from the Netherlands with 12 years of stock market experience. My articles usually contain a good overview of important investment criteria. A stock for my portfolio is of interest to me if the company has the following characteristics:1. Companies that are growing in both revenue, earnings and free cash flow.2. Companies that have excellent growth prospects.3. Stocks with favorable valuations.I prefer steadily growing companies with high free cash flow margins, dividend stocks and stocks with generous share repurchase programs.Are you looking for European stock coverage? Visit my website (it’s free!): www.capitalinsights.euDisclaimer: My articles do not provide financial advice, they reflect my own findings and insights.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FICO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Micron Technology, Inc. (MU) Q3 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Micron Technology, Inc. (MU) Q3 2026 Earnings Call June 24, 2026 4:30 PM EDT

Company Participants

Satya Kumar – Corporate VP of Investor Relations & Treasurer
Sanjay Mehrotra – CEO, President & Chairman
Mark Murphy – Executive VP & CFO

Conference Call Participants

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Timothy Arcuri – UBS Investment Bank, Research Division
Joseph Moore – Morgan Stanley, Research Division
Christopher Muse – Cantor Fitzgerald & Co., Research Division
Vivek Arya – BofA Securities, Research Division
Sreekrishnan Sankarnarayanan – TD Cowen, Research Division

Presentation

Operator

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Ladies and gentlemen, thank you for joining us, and welcome to Micron Technology’s Fiscal Third Quarter 2026 Financial Conference Call. After today’s prepared remarks, we will host a question-and-answer session. Webcast viewers, please note that you will be able to advance the slides as you view at your own pace.

I will now hand the conference over to Satya Kumar, Corporate Vice President of Investor Relations and Treasury. Satya, please go ahead.

Satya Kumar
Corporate VP of Investor Relations & Treasurer

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Thank you, and welcome to Micron Technology’s Fiscal Third Quarter 2026 Financial Conference Call. On the call with me today are Sanjay Mehrotra, our Chairman, President and CEO; and Mark Murphy, our CFO. Today’s call is being webcast from our Investor Relations site at investors.micron.com including audio and slides. In addition, the press release detailing our quarterly results has been posted on the website, along with the prepared remarks for this call.

Today’s discussion contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include statements regarding our future financial and operating performance and our business model, as well as trends and expectations in our business, customers, market, industry products and regulatory and other matters. These statements are based on our current assumptions, and we assume no obligation to update these statements. Please refer to our most recent financial reports on Form 10-K, Forms 10-Q and

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Apollo Private-Credit Fund Hit With Nearly 17% Redemption Request

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Jack Pitcher hedcut

Investors asked to redeem approximately 16.8% of their shares from Apollo’s flagship retail-focused private-credit fund in the second quarter, according to a company filing on Monday.

The $26 billion fund, Apollo Debt Solutions, limited redemptions at 5%. Redemption requests were about 11% in the first quarter.

The result for the second quarter is gross outflows of approximately $700 million compared to inflows of $300 million, according to preliminary numbers disclosed in the filing.

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Wall Street ends mixed as shares in tech firms fall

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Wall Street ends mixed as shares in tech firms fall

The Nasdaq and S&P 500 ‌have closed lower, dragged by tech stocks on nagging concerns about high-flying valuations.

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Business

Capex boom, global sourcing tailwinds fuel textile stock rally

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Capex boom, global sourcing tailwinds fuel textile stock rally
Mumbai: Shares of textile exporters surged on Wednesday after Motilal Oswal Financial Services initiated coverage on some companies with ‘buy’ ratings, citing capacity expansion and policy support as the key growth drivers. The brokerage’s price targets imply gains of 9% to 28% over Wednesday’s closing prices.

Gokaldas Exports gained 3.7%, Arvind advanced 6.3%, Pearl Global jumped 11.2%, Indo Count Industries surged 9.5%, and Welspun Living rose 5%.

Textile Exporters Ride Capex, Policy BoostAgencies

“Indian textile sector is entering a strong capex cycle with leading players announcing significant investments across garments, fabrics, technical textiles, and value-added categories to capture rising global sourcing opportunities,” said Motilal Oswal in a client note. “Unlike earlier expansion phases focused on commoditised products, the current investment cycle is directed toward higher-margin segments such as garments, MMF, specialty fabrics and advanced textiles, along with automation, sustainability and premiumisation initiatives.”

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This Isn’t the Dot-Com Selloff

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Jack Pitcher hedcut

📣 “All these comparisons to 1999-2000, to us, are totally out of line… It’s a bit of profit-taking, but we see the medium-term outlook as still very positive.”

Daniel Morris, chief market strategist at BNP Paribas Asset Management, on this week’s selloff in tech stocks.

Technology companies largely been meeting their expectations for earnings growth, which are ultimately driven by real demand for artificial-intelligence services and don’t appear out of line with reality, according to Morris.

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JPMorgan turns cautious on IT, sees growth headwinds ahead

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JPMorgan turns cautious on IT, sees growth headwinds ahead
Mumbai: JPMorgan said it sees further growth headwinds for the Information Technology companies over the next two years as the sector faces an uncertain demand environment from an unprecedented confluence of technology and business cycle headwinds from generative AI-led deflation and geopolitics.

The brokerage downgraded HCL Technologies, Tata Technologies and Wipro to underweight, as current prices have yet to capture the price action so far. Its top picks remain TCS, Infosys, TechM, Coforge, Persistent and Sagility.

JPMorgan Flags IT Risks, Cuts  Revenue EstimatesAgencies

Weak demand, geopolitical uncertainty and AI-led deflation weigh on sector growth outlook for FY27

JPMorgan said it sees further cuts in FY27 revenue growth expectations for these companies. “With a softer start to the year, the ask rate for FY27 gets tougher, as the usual 1H strength is unlikely to play out this time,” said the brokerage’s analysts in a client note.

JPMorgan has cut April-June revenue growth assumptions for all companies on the back of delays in deal closures and revenue conversion. “Accenture’s print and guidance confirms that weakness is not only in 1Q27, but also likely to bleed into 2QFY27,” the note said.

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JPMorgan said growth acceleration is unlikely even for mid-cap firms over the medium term.


“Until we see AI inflation becoming a tailwind, we would prefer to be cautious on the pace of growth recovery, as well as structural growth for the industry.”

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