markets

Luke Kawa11/24/25

Google jumps after announcing “significant, multi-million-dollar contract” with NATO to deliver sovereign cloud capabilities

Google is trading higher premarket after its cloud division announced “a significant, multi-million-dollar contract” with NATO’s Communication and Information Agency to deliver AI-enabled sovereign cloud capabilities.

Google Distributed Cloud will be leveraged by the Joint Analysis, Training, and Education Center to “modernize its operational capabilities and handle classified workloads,” per the press release, which said these solutions would be provided in the coming months.

Google highlighted that its sovereign cloud environment is in a “hardened, air-gapped environment, disconnected from the internet and public cloud.”

“Multi-million” is small fries compared to the tens or hundreds of billions we’ve seen thrown around in recent AI compute deals. But this represents an immense potential opportunity to tap into demand from governments and international agencies that want to secure advanced computing resources.

Read More: Why countries are seeking to build “sovereign AI”

More Markets

See all Markets

Is Nvidia dead money, or a coiled spring?

The stock has done next to nothing for five months. Stellar Q3 results and guidance failed to inspire a rally.

A Slinky is a precompressed helical spring toy invented by Richard James in the early 1940s

markets

President Trump announces data center electricity deals at State of the Union

President Donald Trump said during Tuesday's State of the Union address that he's struck agreements with tech companies to pay more for electricity in areas where they build data centers.

The "rate payer protection pledges" are intended to insulate consumers from higher bills in regions where new, power-hungry data centers are built. The White House earlier told Politico that they plan meant that tech giants would "pay their own way" and offset their demand for power causing electricity bills for all ratepayers to increase.

Some tech companies are already trying to get out in front of the public's negative perception of their surging electricity use, and Trump's criticism of it. In January, Microsoft committed to paying up for its data-center electricity use. That move came after criticism from the President. As part of the plan, Microsoft said it would ask utilities and public commissions to charge it rates hight enough to cover the costs of both data center installation and usage, and support two-tier pricing systems where “Very Large Customers” (like data centers) get charged higher prices.

Coming in to the end of 2025, utilities with a footprint on the countries largest utility grid, the PJM interconnection which serves vast swathes of the Eastern seaboard and Great Lakes region, like Talen Energy, Constellation Energy, and Vistra saw their share prices surge as electricity auction prices hit record highs. So far in 2026, however, that trade has largely reversed.

Trump tries to get ahead of voters’ grumbling on AI data costs

Some tech companies are already trying to get out in front of the public's negative perception of their surging electricity use, and Trump's criticism of it. In January, Microsoft committed to paying up for its data-center electricity use. That move came after criticism from the President. As part of the plan, Microsoft said it would ask utilities and public commissions to charge it rates hight enough to cover the costs of both data center installation and usage, and support two-tier pricing systems where “Very Large Customers” (like data centers) get charged higher prices.

Coming in to the end of 2025, utilities with a footprint on the countries largest utility grid, the PJM interconnection which serves vast swathes of the Eastern seaboard and Great Lakes region, like Talen Energy, Constellation Energy, and Vistra saw their share prices surge as electricity auction prices hit record highs. So far in 2026, however, that trade has largely reversed.

markets

Max Knoblauch13h

Lucid reports Q4 earnings miss, revenue beat

Luxury EV maker Lucid reported its fourth-quarter earnings after the bell Tuesday. Shares fell more than 6% in after-hours trading.

The company posted an adjusted loss of $3.08 per share, wider than the $2.63 loss expected by analysts polled by FactSet. Lucid booked $522.7 million in revenue, beating the consensus estimate of $459.5 million.

Lucid issued a full-year 2026 production outlook of between 25,000 to 27,000 vehicles, representing 40% to 51% growth from 2025’s figures. Lucid downwardly revised its full-year 2025 production numbers from 18,378 to 17,840 vehicles due to internal validation issues.

The company maintained the timeline of its unnamed midsize SUV due to begin production later this year. That schedule puts it close to rival Rivian’s planned second-quarter release of its R2 SUV.

Lucid did not issue an update to its ongoing CEO search. The company has been led by interim CEO Marc Winterhoff for the past year, after it abruptly announced in its fourth-quarter 2024 report that then CEO Peter Rawlinson would step aside.

The stock has fallen to all-time lows this month and is down 98% from its high in 2021. Last week, the company announced it would lay off 12% of its US workforce in an effort to improve profitability.

markets

Matt Phillips14h

Tempus AI slides after missing Q4 EBITDA target

Cancer diagnostics company and sometimes retail shareholder favorite Tempus AI reported soft Q4 adjusted EBITDA numbers late Tuesday, sending shares lower in the after-hours session.

It reported:

Q4 revenue of $367.2 million vs. FactSet’s expectation of $362.8 million.
An adjusted loss per share of $0.04 vs. the $0.04 loss estimated.
Adjusted EBITDA of $12.9 million vs. expectations for $22 million, per FactSet.

Since going public in June 2024, Tempus has been a volatile stock that has both doubled — and cratered — on multiple occasions. That spectacle has at times captured the attention of retail traders who’ve tried to ride the waves.

Of late, the wave has been breaking bad, with shares down more than 30% since the stock hit a record high on October 8, 2025

Still, the company is now adjusted EBITDA positive. That, CEO Eric Lefkofsky told us last year, is the first milestone on Tempus’ journey to profitability, a mark that analysts think will take until at least next year for the company to hit.

Tasha Matsumoto

Stocks bounce back powered by tech rebound

Tech rose amid AMD and Meta’s chip deal, and software stocks recovered as investors shook off yesterday’s dystopian AI report.

Anfernee Simons #2 of the Chicago Bulls dribbles during the second half of their NBA game against the Toronto Raptors at Scotiabank Arena on February 5, 2026 in Toronto, Ontario, Canada.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.

©2026 Sherwood Media, LLC