Charging Infrastructure Zooms Ahead Despite Trump Attacks
Some 703 high-speed, public charging stations opened in the US in the second quarter, the second-largest such infrastructure boom on record, according to Department of Energy data. There are now about 11,400 places in the country to quickly top up a car battery, including dots on the most rural swathes of the map.
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Yahoo
20 minutes ago
- Yahoo
After Plummeting Over $1 Trillion in Value, This Super Artificial Intelligence (AI) Stock Is Mounting a Major Comeback, With Analysts Predicting Gains of Up to 400%
Key Points Nvidia stock took a nosedive earlier this year thanks to concerns over tariffs and competition in China. These fears have subsided over the last couple of months, and positive investor sentiment has fueled Nvidia stock to new highs. Some on Wall Street think the Nvidia train can keep moving, potentially reaching a $20 trillion valuation over the next five years. 10 stocks we like better than Nvidia › For a few years now, the artificial intelligence (AI) movement has largely hinged on the performance of a single company: Nvidia (NASDAQ: NVDA). Sure, if Microsoft or Amazon posted strong results from their respective cloud computing platforms or if Tesla managed to hype investors up over the prospects of self-driving robotaxis or humanoid robots, the technology sector might see a fleeting upward movement. At the end of the day, however, the focus seemed to eventually return to Nvidia -- with analysts obsessing over how demand for the company's chips and data center services were trending. During the first half of the year, Nvidia's ship was caught in an epic storm. Investors started to question the company's long-growth prospects -- inspiring prolonged periods of panic-selling in the process. All told, Nvidia's market cap dropped by more than $1 trillion. But now, with a market value north of $4 trillion, Nvidia has reclaimed its position as the most valuable company on the planet. Even better? Some on Wall Street are calling for further gains of up to 400%. Let's explore the tailwinds supporting Nvidia's long-term growth narrative and detail why Wall Street sees such massive upside for the king of the chip realm. One Wall Street analyst is calling for a $10 trillion valuation for Nvidia One of the most bullish Nvidia analysts on Wall Street is the I/O Fund's Beth Kindig. Kindig suggested that Nvidia could reach a $10 trillion market cap by 2030 -- implying 140% upside from current levels. Let's explore the main catalysts supporting Kindig's forecast. According to management from Microsoft, Amazon, and Alphabet, roughly $260 billion will be spent in 2025 alone on AI infrastructure. On top of that, Meta Platforms is expected to spend roughly $70 billion on capital expenditures this year -- nearly double what it spent in 2024. Lastly, Oracle is beginning to make significant headway in infrastructure services -- allowing companies to rent Nvidia GPUs from their cloud-based data center platform. From a macro perspective, rising capex from the cloud hyperscalers bodes well for chip demand. Kindig takes these secular tailwinds one step further, suggesting that competition from Intel and Advanced Micro Devices does not pose much of a threat to Nvidia's dominance. While it's hard to know how vendor preferences could change over the next several years, current industry research trends suggest that Kindig might be right -- underscored by Nvidia's rising market share in the AI accelerator industry. The area of Kindig's analysis that I think is currently overlooked the most revolves around Nvidia's software architecture, called CUDA. Since CUDA is integrated tightly with Nvidia's hardware, developers essentially become locked into the company's ecosystem. Not only does this lead to customer stickiness, but it opens the door for Nvidia to be at the forefront of more sophisticated, evolving AI applications in areas such as robotics and autonomous driving. What about $20 trillion? Former management consulting executive Phil Panaro is even more bullish than Kindig. By 2030, Panaro thinks Nvidia's share price could reach $800 -- implying roughly a $20 trillion market cap. Panaro cites opportunities across Web3 development and evolving use cases around how enterprises and governments leverage AI to generate more efficiency and cost savings as the main pillars supporting Nvidia's upside. While these trends could eventually drive significant demand for Nvidia's data center services, tech adoption within the government tends to move slowly. Meanwhile, Web3 remains an emerging concept that could take far longer to mature than Panaro is assuming. Is Nvidia stock a buy right now? Nvidia stock has been mounting an epic comeback over the last couple of months. This valuation expansion can be easily seen through the dynamics of the company's rising forward price-to-earnings (P/E) multiple. Nevertheless, Nvidia's forward P/E of 40 is still well below levels seen earlier this year. Trying to model Nvidia's peak valuation is an exercise in false precision. The bigger takeaway is that analysts on Wall Street are not only calling for significant upside in the stock, but they have outlined the foundation for Nvidia's long-term growth. The important theme here is that Nvidia has opportunities well beyond selling chips -- many of which have yet to make meaningful contributions to the business. I see Nvidia stock as a no-brainer. Investors with a long-run time horizon might consider scooping shares up at current prices and plan to hold on for years to come. Should you buy stock in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Intel, Meta Platforms, Microsoft, Nvidia, Oracle, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft, short August 2025 $24 calls on Intel, and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. After Plummeting Over $1 Trillion in Value, This Super Artificial Intelligence (AI) Stock Is Mounting a Major Comeback, With Analysts Predicting Gains of Up to 400% was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
Christine Hunsicker, CEO of a Bankrupt Fashion Tech Startup, Charged for Alleged $300M Fraud Scheme
NEED TO KNOW Christine Hunsicker allegedly ran a fraud scheme that raked in over $300 million for her now-bankrupt fashion tech startup The CaaStle founder and CEO was charged with wire fraud, securities fraud, money laundering, making false statements to a financial institution and aggravated identity theft Hunsicker pleaded not guilty to all chargesChristine Hunsicker, the founder and CEO of fashion tech startup CaaStle, has been indicted on fraud-related charges after she allegedly defrauded investors out of more than $300 million. In an indictment unsealed on Friday, July 18, more details tied to Hunsicker's alleged fraud scheme, which raised money for both CaaStle, a clothing-rental company, and another venture, P180, were revealed, according to the office of the United States Attorney for the Southern District of New York. Through the alleged scheme, Hunsicker, 48, defrauded CaaStle and P180 investors out of more than $300 million 'through false statements, misleading claims, and fabricated documents,' according to the attorney's office. The newly unsealed indictment charges the New Jersey native and Princeton University alum with wire fraud and securities fraud, as well as money laundering, making false statements to a financial institution and aggravated identity theft. Hunsicker self-surrendered on July 18. Later that same day, she pleaded not guilty to all charges, according to the Associated Press. In a statement obtained by PEOPLE, the entrepreneur's lawyers, Michael Levy and Anna Skotko, said, "There is much more to this story.' "Although Ms. Hunsicker has been fully cooperative and transparent with both the U.S. Attorney for the Southern District of NY and the SEC, they nonetheless have chosen to present to the public an incomplete and very distorted picture in today's indictment,' they continued. 'There is much more to this story, and we look forward to telling it," the lawyers' statement added. While CaaStle — which filed for bankruptcy in June — was in 'financial distress with limited cash and significant expenses,' Hunsicker allegedly 'grossly overstated' its financial situation, instead promoting the venture as a 'rapidly growing business valued at more than $1.4 billion,' according to the attorney's office. She used falsified statements, bank records and other documents to do so, the indictment alleges. One fake bank account screenshot, which Hunsicker allegedly provided to an investor, showed that CaaStle had nearly $200 million in available cash, the attorney's office said. At the time, the real figure was less than $200,000. Hunsicker kept up the scheme even after she was 'confronted' over providing an investor with a fake audit in October 2023, claiming it was a 'one-time error,' the attorney's office alleges. She had actually provided two fake audits to the investor, the office claims, and later repaid them 'to prevent the public disclosure of her fraud.' The scheme included not only false bank statements and audits, but also falsified signatures, the attorney's office claims. In 2024, the entrepreneur allegedly forged a board director signature to raise more than $20 million for CaaStle. Around the same time, Hunsicker formed P180 to infuse CaaStle with cash before her fraud scheme came to life, and used 'false information about CaaStle's success to raise approximately $30 million' for the new venture, per the attorney's office. She also allegedly provided false information to obtain a personal bank loan of $20 million. is now available in the Apple App Store! Download it now for the most binge-worthy celeb content, exclusive video clips, astrology updates and more! In total, Hunsicker raked in more than $275 million in investments through her fraudulent behavior — which continued even after CaaStle 'prohibited her from soliciting investments' and 'after law enforcement agents seized her electronic devices' earlier this year, according to the attorney's office. Hunsicker faces one count of wire fraud, one count of money laundering and two counts of securities fraud, which carry maximum prison sentences of 20 years a piece. Making false statements to a financial institution, for which she faces one count, carries an even longer maximum sentence of 30 years. Aggravated identity theft, meanwhile, carries a mandatory prison sentence of two years. Read the original article on People Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
22 minutes ago
- The Hill
Congress approves public media and foreign aid cuts: What to know
Congress this week approved a bill that claws back about $9 billion in foreign aid and public broadcasting funds, as Republicans look to begin locking in cuts pursued by his Department of Government Efficiency (DOGE). The package includes about $8 billion in cuts for the United States Agency for International Development (USAID) and other foreign aid, as well as more than $1 billion in cuts to the Corporation of Public Broadcasting (CPB), which provides some funding to NPR and PBS. Here are five things to know about the bill. NPR and PBS brace for cuts The bill yanks back more than $1 billion in advanced funding appropriated for CPB over fiscal years 2026 and 2027. Many Republicans say the cuts are long overdue, singling out NPR and PBS, for what they perceive as political bias. But some are concerned about how the cuts would impact smaller stations. In the previous fiscal year, NPR received upwards of $13 million from CPB, the corporation's grants and allocations data shows. More than $70 million went to PBS based in Arlington. About one percent of NPR's current operating budget comes directly from the federal government, compared to 15 percent for PBS, multiple outlets report. At the same time, however, fees from member stations, which rely on a larger share of CPB funding on average, make up about 30 percent of NPR's funding. PBS says it also receives annual programming dues from stations to carry national programming. About 35 percent of the annual funding for PBS News Hour, the organization said, comes from CPB and national programming funds it described as 'a combination of CPB appropriation funds and annual programming dues paid to PBS by stations re-allocated to programs like ours.' Public media faces fiscal 'cliff' in October Opponents of the cuts have already sounded alarm about the fiscal 'cliff' that some stations will face as a result of the latest legislation come October, the start of fiscal year 2026. 'It is a cliff,' Rep. Rosa Delauro (Conn.), the top Democrat on the House Appropriations Committee, told The Hill Thursday. 'They're already speaking about it, frightened to death, particularly in rural communities that they're not going to have access to important information or alerts about weather situations, information that they need to know, education for their kids, because they're not in communities where there are multiple sources of information.' In a statement responding to passage of the cuts on Friday, CPB president Patricia Harrison said 'many local public radio and television stations will be forced to shut down.' 'Cutting federal funding could also put Americans at risk of losing national and local emergency alerts that serve as a lifeline to many Americans in times of severe need,' Harrison also said. Senators on both sides of the aisle have raised similar concerns. Sen. Amy Klobuchar (D-Minn.) said at the Hill Nation Summit on Wednesday that the cuts could put rural radio stations in her home state out of business, calling them 'the lifeblood of these communities when it comes to emergency alerts.' Sen. Lisa Murkowski (Alaska), one of two Republicans in the upper chamber to vote against the bill, pointed to a recent earthquake in her home state. Seven-point-three [magnitude] earthquake off of Alaska and tsunami warnings. You know how I got this information? From public broadcasting,' she said on the Senate floor. Less than 5 percent of the nonprofit corporation's funding goes toward its operations, while more than 70 percent 'goes directly to local public media stations,' CPB states on its website. And almost half of its 'total 544 radio and TV grantees are considered rural.' However, many Republicans have downplayed the cuts. 'There's so many means for communications now that we didn't have in the 1960s. Everyone has it on their phone,' Rep. Mark Alford (R-Missouri) told The Hill this week. 'Everyone, pretty much, has a smartphone, even in rural districts that that I represent, there's all types of access for information that we didn't have in the 1960s' 'I don't think the American taxpayer should be funding journalism,' Alford, who is also a former television news anchor, also said, while arguing there's a 'liberal, progressive bent towards NPR and PBS.' Foreign aid The request initially sent by the White House called for $8.3 billion in cuts to USAID and other foreign aid. But the White House ended up agreeing to exempt the President's Emergency Plan for AIDS Relief (PEPFAR), which was established under former President George W. Bush in 2003 and totaled about $400 million, after those cuts became a critical point of contention for moderate GOP lawmakers. The administration said the bill targets items like migration and refugee assistance that 'could be more fairly shared with non-U.S. Government donors,' USAID efforts officials say have been used to 'fund radical gender and climate projects,' and development assistance they argued 'conflict with American values' and 'interfere with the sovereignty of other countries,' among other rescissions. Republicans in both chambers have overwhelmingly cheered the cuts. But a few have also voiced concerns about the proposal in recent weeks, sounding alarm over what they see as a lack of information about the accounts being targeted. Senate Appropriations Chair Susan Collins (R-Maine) specifically singled out a proposed $2.5 billion in cuts to the Development Assistance account. She noted in a statement that the account 'covers everything from basic education, to water and sanitation, to food security,' but said lawmakers still lacked key details as to how those programs would be affected. More cuts could be coming Republicans see the bill as a critical 'test run' for the party, as Trump administration officials have already indicated they aim to send multiple special requests to Congress to claw back more funding if the first package makes it through. White House budget chief Russell Vought said Thursday that another rescissions package is 'likely to come soon,' though he stopped short of offering specifics as to what programs could be on the chopping block. 'Have nothing to announce, but we've been talking about it, and there's certainly an enthusiasm, although,' Vought said. 'I spent a good hour with Senate Republicans, there is still a great enthusiasm for these rescissions bills, because Congress wants to be a part of voting for these cuts and making them permanent.' Hardline conservatives have ramped up calls in recent months for the president to use the rare 'rescissions' tool – which unlocks a process that Republicans can use to secure funding cuts with GOP-only votes – as the party looks to codify DOGE cuts amid legal challenges over the administration's efforts to reshape the federal government. Implications for Sept. 30 Fewer than 20 legislative days stand between Congress and a looming Sept. 30 deadline to prevent a government shutdown. Both chambers are running behind in marking up and pushing their annual funding bills across the floor — increasing the likelihood Congress will have to resort to a stopgap measure to keep the lights on and buy time for lawmakers to finish their funding work. Senate Democrats have already warned the passage of the recent rescissions package threatens already fragile bipartisan funding talks. And some Republicans are also eager to begin shifting more focus to crafting and approving new funding levels for fiscal 2026. Asked about the administration's plans to send Congress additional requests for cuts, Murkowski, a senior GOP appropriator, said, 'I do not think that should be our path.' 'It's not legislating. It's basically the White House saying this is what we want you to do. Take it or leave it,' she told reporters this week.
