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Technology News 8 October 2025 - 10 October 2025

IREN Stock Skyrockets 500% as Bitcoin Miner Reinvents Itself as AI Cloud Powerhouse

IREN Stock Skyrockets 500% as Bitcoin Miner Reinvents Itself as AI Cloud Powerhouse

Business Model & Industry IREN began as Iris Energy, a clean-energy Bitcoin miner, and has pivoted sharply into data centers for AI/HPC workloads. Its model is vertically integrated: it owns land, power contracts, and facilities (Canada, Texas) all run on 100% renewable hydro and wind power ts2.tech. This “green” setup gave IREN some of the lowest mining costs in the industry (around $0.03–$0.038 per kWh) ts2.tech ts2.tech. By mid-2024 it had ~20 EH/s of hashpower, making it a top-tier miner. Starting in 2024, management began aggressively re-purposing idle capacity to AI computing ts2.tech. In August 2025 it became an Nvidia “Preferred
10 October 2025
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Lyft Stock Rockets 30% After Waymo Robotaxi Deal — What’s Next?

Lyft Stock Rockets 30% After Waymo Robotaxi Deal — What’s Next?

Chart: Lyft Inc. (LYFT) share price (1-year). The stock jumped sharply in mid-September (after the Waymo news) and has since pulled back into early October. The 50-day moving average (dotted) remains well above the 200-day (solid), indicating overall bullish momentum directorstalkinterviews.com. Stock Performance and Chart Lyft’s share price has shown volatile swings in late 2025. In September, LYFT rallied sharply – fuelled by positive news – but in early October it gave back much of that gain. On Sept 17 (when the Waymo partnership was announced), LYFT jumped over 13%. By Oct 9 the stock closed ~$19.72 stockanalysis.com. The 1-year
10 October 2025
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Quantum-Powered Pop! SEALSQ Corp (LAES) Stock Rockets on Latest Breakthroughs and Deals

Quantum-Powered Pop! SEALSQ Corp (LAES) Stock Rockets on Latest Breakthroughs and Deals

Recent Surge: LAES stock closed at $6.09 on Oct. 9, 2025, up 39.7% that day stockanalysis.com. Its market capitalization is roughly $970 million tradingview.com after this jump. (It had been around $4–5 per share just a week earlier.) Stock Price Performance (as of Oct 10, 2025) LAES stock has surged dramatically in early October 2025. After trading around $4–5 in late Sept, shares jumped 27% over four trading days through Oct 4 ts2.tech. The rally continued: on Oct 6 it opened near $5.03 (closing 8.4% up) stockanalysis.com, dipped briefly Oct 7–8, and then spiked 39.7% on Oct 9 to $6.09
10 October 2025
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Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy

Mystery $75 M Bet Propels Tiny POET Technologies to New Highs Amid AI Frenzy

$75 Million Infusion Fuels POET’s AI Ambitions POET Technologies – a small Toronto-based photonic chip designer – just secured a massive $75 million cash infusion to supercharge its growth in the AI hardware arena ts2.tech. Announced on October 7, the deal was structured as a non-brokered private placement of ~13.64 million new shares (plus warrants) with a single institutional investor ts2.tech. “This is the largest single investment in POET’s history,” noted CEO Dr. Suresh Venkatesan, adding that it boosts POET’s balance sheet to over $150 million in cash and no significant debt ts2.tech. The shares were issued at $5.50 (with an accompanying warrant), suggesting the
9 October 2025
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AMD’s AI Mega-Deal Sparks Stock Surge – Inside the OpenAI Partnership, New Chips & Showdown with Rivals

AMD Stock Skyrockets on AI Mega-Deal: Inside the 2025 Rally, Financials & Rivalry

 AMD’s headquarters sign in Silicon Valley. The company’s stock has surged amid blockbuster AI deals and strong chip demand in 2025. Stock Performance & Recent Rally Advanced Micro Devices (AMD) has been one of 2025’s top semiconductor stocks, staging a dramatic rally after a volatile 2024. As of early October, AMD shares traded around $230+ – nearly double their level at the start of the year finviz.com. The stock had already climbed ~30% year-to-date by late September ts2.tech ts2.tech, outperforming both the S&P 500 and the Philly Semiconductor Index. Then came an explosive surge in October: AMD’s stock leapt about 29% in a matter of
8 October 2025
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Snowflake Stock Soars on AI Boom – Inside SNOW’s 2025 Rally and What’s Next

Snowflake Stock Soars on AI Boom – Inside SNOW’s 2025 Rally and What’s Next

Below, we dive deeper into each of these areas – from Snowflake’s business model and financials to the latest news, analyst insights, competitive dynamics, and what to expect going forward. Company Overview and Business Model Snowflake Inc. is a cloud data platform provider, offering data warehousing as a service alongside a suite of data analytics and sharing capabilities. Unlike traditional databases tied to a single cloud or on-premises, Snowflake’s platform is cloud-agnostic – it runs across Amazon AWS, Microsoft Azure, and Google Cloud, allowing customers to unify their data in one system regardless of cloud provider markets.chroniclejournal.com. This flexibility has been a major selling
8 October 2025
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Reddit’s Stock Explodes! 78% Revenue Surge, Google AI Deal Talks & 70% Rally 🔥

Reddit’s Rollercoaster: How Booming Ads, AI Deals and Political Scrutiny Could Shock RDDT Investors

Key Facts (as of 8 Oct 2025) Item Detail Sources Current stock price Reddit’s Class A shares traded around $199.54 at 11:58 AM EDT on 8 Oct 2025 with an intraday high of $206.22 and low of $195.01; the official investor‑relations site notes a 52‑week high of $282.95 and low of $69.30 investor.redditinc.com. Reddit investor relations Analyst consensus Across 25‑28 analysts the consensus rating is “moderate/buy”. Average price targets range from $200–$223, with highs around $300 (JMP Securities, Oppenheimer) and lows near $75 marketbeat.com benzinga.com. MarketBeat, Stockanalysis, Benzinga Q2 2025 results Reddit delivered its first profitable quarter: revenue rose 78 % to $500 M and advertising revenue jumped 84 % to
8 October 2025
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AST SpaceMobile (ASTS) Stock Skyrockets on Verizon Deal – Is Satellite-to-Phone Broadband the Next Big Thing?

AST SpaceMobile (ASTS) Stock Skyrockets on Verizon Deal – Is Satellite-to-Phone Broadband the Next Big Thing?

Company Overview: A Satellite Cell-Tower Network for Global Connectivity AST SpaceMobile, Inc. is a publicly traded satellite telecommunications company founded in 2017 with the ambitious mission to eliminate cellular “dead zones” worldwide. In simple terms, AST is building a network of satellites that function like cell phone towers in space, beaming broadband coverage directly to standard mobile phones on Earth. The company touts this as the “first and only space-based cellular broadband network” accessible by everyday handsets ts2.tech. If successful, this technology could enable anyone to get a phone signal and internet access from virtually anywhere on the planet – from remote rural
8 October 2025
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SoundHound AI Stock Soars 240% – Could This Voice Tech Disruptor Make You a Millionaire?

SoundHound AI Stock Soars 240% – Could This Voice Tech Disruptor Make You a Millionaire?

SOUN Stock Surges on AI Hype and Big News SoundHound AI’s stock has been on a tear in recent months, riding the wave of excitement surrounding artificial intelligence. The company’s share price has climbed roughly 240% over the past year (and more than doubled in the last six months) ts2.tech. Just in the past week, SOUN jumped about 15%, climbing from the mid-$15s to around $18 per share, amid a broader AI stock rally. One catalyst was Advanced Micro Devices (AMD) announcing a blockbuster partnership with OpenAI: the ChatGPT creator will use up to 6 gigawatts of AMD chips to
8 October 2025
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Wall Street’s $2 Billion Bet on the Future: NYSE Owner Goes All-In on Polymarket Prediction Markets

Wall Street’s $2 Billion Bet on the Future: NYSE Owner Goes All-In on Polymarket Prediction Markets

ICE’s $2B Vote of Confidence in Polymarket Wall Street’s biggest exchange operator is making a bold bet that betting on real-world events is the next big financial frontier. Intercontinental Exchange Inc. (ICE) – the owner of the NYSE – confirmed it will invest $2 billion in Polymarket, a deal that values the crypto-powered betting platform at roughly $8 billion pre-money (around $10B post-investment) reuters.com reuters.com. This is a landmark endorsement of prediction markets by a mainstream financial giant. The deal, first reported by The Wall Street Journal and Bloomberg, could be officially announced any day ts2.tech. Why it matters: ICE’s
8 October 2025
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Verizon Goes to Space: AST SpaceMobile Deal Signals End of Dead Zones – Stock Rockets on Breakthroughs

Verizon Goes to Space: AST SpaceMobile Deal Signals End of Dead Zones – Stock Rockets on Breakthroughs

Space Meets Cell Towers: Verizon and AST SpaceMobile’s Bold Pact In a move that could eliminate mobile dead zones, Verizon has struck a definitive agreement with AST SpaceMobile to beam cellular service from space across the U.S. starting in 2026 businesswire.com. Announced on October 8, this partnership will integrate AST’s satellite network with Verizon’s terrestrial 4G/5G network, effectively allowing Verizon customers’ phones to connect via satellite when they venture beyond cell tower range businesswire.com businesswire.com. “Through our definitive commercial agreement with Verizon, we are working to deliver space-based cellular broadband coverage from space across the continental United States,” said AST
8 October 2025
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