The Daily

ARK Investment Management came out swinging last week, scooping up shares of one of the year’s most hyped artificial intelligence (AI) initial public offerings. According to its trading disclosures published Friday, Cathie Wood’s firm bought 149,176 shares of newly public Cerebras Systems (CBRS +2.35%) for roughly $46.4 million through its ARK Innovation and ARK Next Generation Internet exchange-traded funds.

 » Read more about: Cathie Wood Just Bet $46 Million on a Newly Public AI Chip Stock. Should You Follow Her?  »

By Ankur Banerjee

SINGAPORE, May 20 (Reuters) – The U.S. dollar was steady near a six-week high on Wednesday as investors come to terms with the possible need for higher interest rates to tackle inflation due to ‌the Iran war, pushing the Japanese yen back into the intervention zone.

The uncertainty over when the Middle East war ‌may end has weighed on sentiment,

 » Read more about: Dollar at six-week high on rate-hike bets, Iran war uncertainty  »

 » Read more about: Warren Buffett's Berkshire trims stake in 147-year-old oil stock  »

 » Read more about: Helix Energy Solutions Group (HLX) Valuation Check After Strong Year To Date Share Price Momentum  »

Income investors have spent the last two years quietly migrating away from traditional dividend stocks toward a newer category of fund that generates cash flow from options premiums rather than corporate payouts. The three NASDAQ-flavored options-income ETFs most yield hunters still overlook are the NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI),

 » Read more about: Most Income Investors Have Never Heard of These 3 ETFs. One Pays 14% Monthly  »

 » Read more about: Goldman Sachs says AI and energy resilience are creating a North-South divide in Asian markets  »

Corporate fixed deposits (FDs) offered by Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) are increasingly attracting investors searching for better returns than traditional bank deposits. With some corporate FD schemes offering interest rates as high as 8.95% annually, they stand out in a market where many public and large private sector bank fixed deposits continue to offer lower returns.

 » Read more about: Fixed deposits: Corporate FDs offer up to 8.95% returns — should investors chase higher interest rates?  »

Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are two of the biggest spenders in the data center market.

Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need.

 » Read more about: Should Investors Buy Microsoft Stock Instead of Amazon Stock?  »

If you’re surprised by any of the Trump family’s grifting since Donald’s return to office, you just haven’t been paying attention.

 » Read more about: Trump Caught Buying Tech Stocks and Then Pumping Their Value by Publicly Praising Them  »

Quick Read

• FuelCell Energy (FCEL) stock slid 22% but remains up 130% over the past month on the company’s AI-ready data center platform launch, while the analyst consensus sits at $8.24 with no Buy ratings.

• Plug Power (PLUG) stock dropped 12% even though the company has expanded its gross margin from -55% to -13% and targeted positive EBITDAS in Q4 2026 and full profitability by the end of 2028.

 » Read more about: FuelCell Energy Slumps 22%, Plug Power Sinks 12%: Hydrogen Bulls Hit the Brakes  »