Graphcore, one of the UK’s most valuable tech start-ups, is demanding a “meaningful” portion of the government’s new £900mn supercomputer project uses its chips, as it battles US rivals such as Nvidia. Chief executive Nigel Toon told the Financial Times that Graphcore is writing to UK ministers over the issue, saying a deal is crucial at a time its Silicon Valley investors are pressing the Bristol-based company to consider a move to America and take advantage of generous US semiconductor subsidies. Read More...
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Top Energy Stocks for April 2023
Despite the Energy Select Sector SPDR ETF (XLE) losing 3% year to date, versus the Russell 1000’s 4% gain, names in the energy sector have rallied even in this tough macroeconomic environment. Tanker companies like TORM PLC (TRMD) and Teekay Tankers Ltd. (TNK), up 12% and 52% this year, respectively, have performed especially well, thanks to some of the highest tanker rates ever recorded.
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