Daragh Thomas - Benzinga

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Articles by Daragh Thomas

Richest Americans Gained 19% in Wealth as Poorest Lost 56% Since 2022

Richest Americans Gained 19% in Wealth as Poorest Lost 56% Since 2022

Fed data show median wealth rose 19% for the richest Americans while falling 56% for the poorest quarter of households.

Tesla's China Retail Sales Fall 9% Even as Shanghai Exports Surge 58%

Tesla’s China retail sales fell 9% in September even as exports from its Shanghai factory jumped 58%.

Nvidia-Backed Fermus Wanted $30 Billion Valuation on Just $51 Million in Revenue

Nvidia-Backed Fermus Wanted $30 Billion Valuation on Just $51 Million in Revenue

Firmus scrapped its IPO after seeking a $30 billion valuation despite generating just $51 million in fiscal 2026 revenue.

Google Could 'Eat OpenAI's Lunch,' Warns Cal Newport

Google Could 'Eat OpenAI's Lunch,' Warns Cal Newport

Cal Newport says Google’s AI distribution advantage could make ChatGPT less necessary and threaten OpenAI’s business model.

Oracle Among AI Boom's Most Vulnerable as 4 Bubble Risks Converge, VC Paul Kedrosky Warns

Oracle Among AI Boom's Most Vulnerable as 4 Bubble Risks Converge, VC Paul Kedrosky Warns

Paul Kedrosky says Oracle is particularly exposed if the AI boom breaks as debt, leases and infrastructure risks converge.

Apple Reportedly Cuts iPhone 18 Pro Component Orders 15% as AI Memory Crunch Bites

Apple Reportedly Cuts iPhone 18 Pro Component Orders 15% as AI Memory Crunch Bites

Apple reportedly cut iPhone 18 Pro component orders 15% as soaring AI-driven memory prices raise smartphone costs.

OpenAI Revenue $20B Below Previous Reports, ORCL, NVDA Tumble

OpenAI Revenue $20B Below Previous Reports, ORCL, NVDA Tumble

New figures put OpenAI’s annualized revenue near $50 billion, about $20 billion below earlier reports, as AI stocks fell.

Micron Analyst Sees Stock Nearly Tripling to $3,000, Warns Short Sellers: 'You Have an Expiry'

Micron Analyst Sees Stock Nearly Tripling to $3,000, Warns Short Sellers: 'You Have an Expiry'

D.A. Davidson’s Gil Luria sees Micron reaching $3,000 as buybacks and AI-driven memory demand threaten short sellers.

EXCLUSIVE: TSMC Plans Up to $64 Billion in Capex and Still Isn’t ‘Building Enough,’ Says Applied Materials Veteran

EXCLUSIVE: TSMC Plans Up to $64 Billion in Capex and Still Isn’t ‘Building Enough,’ Says Applied Materials Veteran

Applied Materials veteran Steve Williams says TSMC may still be underbuilding despite plans for up to $64 billion in capex.

SpaceX’s $500 Billion AI Data Center Gamble Has Real Revenue Behind It, Says FT’s John Foley

SpaceX’s $500 Billion AI Data Center Gamble Has Real Revenue Behind It, Says FT’s John Foley

FT’s John Foley says SpaceX’s AI compute business has real demand, even as scaling it could require $500 billion.

EXCLUSIVE: Too Late for Trump to Save the Midterms? Even Iran Deal, Lower Gas Prices Unlikely to Spark Major Swing, Verasight CEO Says

EXCLUSIVE: Too Late for Trump to Save the Midterms? Even Iran Deal, Lower Gas Prices Unlikely to Spark Major Swing, Verasight CEO Says

Verasight CEO Ben Leff says even an Iran deal and lower gas prices may come too late to materially shift the midterms.

Samsung's AI Memory Boom Is Hammering Its Own Smartphone Business

Samsung’s memory business may have earned more than the entire company as soaring chip prices pushed its mobile division deeper into losses.

CoreWeave’s $2.6 Billion AI Loan Has a Hidden Risk: Uptime Failures Could Force Early Debt Paydowns

CoreWeave’s $2.6 Billion AI Loan Has a Hidden Risk: Uptime Failures Could Force Early Debt Paydowns

CoreWeave’s $2.6 billion AI loan can force early debt paydowns if performance failures become serious enough to cost customer contracts.

Meta, Google Put $300M Into Zuckerberg-Backed $1.8B AI Biology Bet

Meta, Google Put $300M Into Zuckerberg-Backed $1.8B AI Biology Bet

Meta and Google are putting $300 million into Biohub’s push to build AI models that predict how living cells respond to drugs.

Tesla Pressured European Regulators to Ease FSD Review As Musk Claimed Delays 'Cost Lives': Reuters

Tesla Pressured European Regulators to Ease FSD Review As Musk Claimed Delays 'Cost Lives': Reuters

Reuters reports Tesla pushed European regulators to reduce FSD review costs and testing as Musk argued delays “cost lives.”

Penguin's Mystery 36,000-GPU Norway Deal Appears to Be Volta's $10B Anthropic AI Project

Penguin's Mystery 36,000-GPU Norway Deal Appears to Be Volta's $10B Anthropic AI Project

Penguin’s mystery 36,000-GPU Norway project closely matches Volta’s $10 billion Anthropic AI buildout.

Meta's Muse Could Generate $27 Billion a Year, Citi Says as AI Agent Usage Surges

Meta's Muse Could Generate $27 Billion a Year, Citi Says as AI Agent Usage Surges

Citi says Meta’s fast-growing Muse AI agent could generate more than $27 billion in annual revenue by 2030.

Nvidia Strength Is Masking ‘A Whole Lot of Pain’ in the Broader Market, David Rosenberg Says

Nvidia Strength Is Masking ‘A Whole Lot of Pain’ in the Broader Market, David Rosenberg Says

David Rosenberg warns weak breadth and extreme AI-stock concentration mask broader market pain, risking a shift if revenues disappoint.

Jamie Dimon Says AI Boom Is Competing With Government Borrowing for Capital: ‘Rates Are Going Up’

Jamie Dimon Says AI Boom Is Competing With Government Borrowing for Capital: ‘Rates Are Going Up’

Jamie Dimon says soaring AI investment and heavy government borrowing are competing for capital as interest rates rise.

Nassim Taleb and Scott Bessent Clash Over Trump Economy Numbers: Who’s Right?

Nassim Taleb and Scott Bessent Clash Over Trump Economy Numbers: Who’s Right?

Nassim Taleb challenged Scott Bessent’s claims on U.S. GDP, productivity and corporate dominance. Here’s what the data show.

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