>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • LAKE -26%, AEG -7.6% (guidance), CBRL -6.7%, BLLN -5.9%, GME -5.9%, AVAV -4.9%, CASY -1.5%
Other news:
  • AGRO -7.5% (stock offering)
  • SMX -7.5% (amendment to equity purchase agreement)
  • DNLI -7.1% (prices offering consisting of common stock and warrants)
  • MIAX -3.8% (stock offering by selling shareholders)
  • LGN -3.4% (stock offering by selling shareholders)
  • WVE -3% (prices offering consisting of shares and warrants)
  • PTEN -2.1% (reports November drilling activity)
  • VERA -1.6% (prices offering of 6,138,108 shares of common stock at $42.50 per share)
  • NUKK -1.1% (names new CFO)
  • ASST -1% (launches $500 mln preferred stock ATM to fund bitcoin strategy and growth)

>>> US Gapping up

Gapping up
In reaction to earnings/guidance
:
  • BRZE +16.6%, PLAB +15.2%, GEV +10.3% (guidance; also increases dividend and buyback program), CHWY +3.3%
Other news:
  • DYN +6.3% (prices offering of 18,980,478 shares of common stock at $18.44 per share)
  • MRVI +4.7% (Director bought 100,000 shares at $3.67-3.70 worth ~$369K)
  • TERN +3.5% (prices offering of 16.25 mln shares of common stock at $40.00 per share)
  • GPCR +2.6% (prices offering consisting of ADSs and warrants)
  • RKLB +1.9% (accelerates responsive launch cadence with KAIST mission moved forward)
  • MRVL +1.7% (introduces Golden Cable initiative)
  • FITB +1.6% (enters agreement to acquire Mechanics Bank's (MCHB) Delegated Underwriting and Servicing business line)
  • KYMR +1.5% (prices offering of 7.0 mln shares of common stock at $86.00 per share)
  • BTI +1% (extends buyback program through 2026)

>>> US Research Calls I

Research Calls I
  • Upgrades
    • AbbVie (ABBV) upgraded to Buy from Hold at HSBC, tgt $265
    • Andersons (ANDE) upgraded to Outperform from Market Perform at BMO Capital, tgt $65
    • Blue Owl Capital (OWL) upgraded to Strong Buy from Market Perform at Raymond James, tgt $20
    • Commercial Metals (CMC) upgraded to Buy from Hold at Jefferies, tgt $78
    • Compass Pathways (CMPS) upgraded to Outperform from Perform at Oppenheimer, tgt $15
    • Docebo (DCBO) upgraded to Outperform from Sector Perform at ATB Capital
    • Dyne Therapeutics (DYN) upgraded to Outperform from Perform at Oppenheimer, tgt $40
    • EchoStar (SATS) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $110
    • Franco-Nevada (FNV) upgraded to Outperform from Sector Perform at RBC Capital, tgt $250
    • GE Vernova (GEV) upgraded to Outperform from Sector Perform at RBC Capital, tgt $761
    • GE Vernova (GEV) upgraded to Outperform from Perform at Oppenheimer, tgt $855
    • Helmerich & Payne (HP) upgraded to Overweight from Neutral at JPMorgan, tgt $34
    • HSBC (HSBC) upgraded to Buy from Neutral at BofA Securities
    • JBT Marel (JBTM) upgraded to Buy from Hold at Jefferies, tgt $180
    • Liberty Energy (LBRT) upgraded to Overweight from Neutral at JPMorgan, tgt $24
    • Middleby (MIDD) upgraded to Buy from Hold at Jefferies, tgt $175
    • Parsons (PSN) upgraded to Buy from Hold at TD Cowen, tgt $75
    • Pentair (PNR) upgraded to Buy from Hold at Jefferies, tgt $135
    • PepsiCo (PEP) upgraded to Overweight from Neutral at JPMorgan, tgt $164
    • ProPetro Holding (PUMP) upgraded to Overweight from Neutral at JPMorgan, tgt $13
    • Terex (TEX) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $60
    • Vale (VALE) upgraded to Outperform from Sector Perform at RBC Capital, tgt $14.20
    • Waters (WAT) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $480
    • Wheaton Precious Metals (WPM) upgraded to Outperform from Sector Perform at RBC Capital, tgt $130
  • Downgrades
    • Biogen (BIIB) downgraded to Reduce from Hold at HSBC, tgt $143
    • Lakeland Industries (LAKE) downgraded to Neutral from Buy at DA Davidson, tgt $14
    • Noble Corp. (NE) downgraded to Neutral from Overweight at JPMorgan, tgt $33
    • Patterson-UTI (PTEN) downgraded to Underweight from Neutral at JPMorgan, tgt $6
    • Regal Rexnord (RRX) downgraded to Hold from Buy at Jefferies, tgt $160
    • Rogers Communications (RCI) downgraded to Hold from Buy at Desjardins
    • Transocean (RIG) downgraded to Underweight from Neutral at JPMorgan
    • Veralto (VLTO) downgraded to Hold from Buy at Jefferies, tgt $105
  • Others
    • ABM Industries (ABM) initiated with a Buy at Freedom Capital, tgt $54
    • American Bitcoin (ABTC) initiated with a Buy at Roth Capital, tgt $4
    • Apogee Therapeutics (APGE) initiated with a Buy at Deutsche Bank, tgt $103
    • ArriVent Biopharma (AVBP) initiated with a Buy at BTIG Research, tgt $45
    • Bath & Body Works (BBWI) initiated with a Neutral at Guggenheim
    • Birkenstock (BIRK) initiated with a Buy at Guggenheim, tgt $60
    • Bridgewater Bancshares (BWB) initiated with an Equal Weight at Stephens, tgt $20
    • Burlington Stores (BURL) initiated with a Neutral at Guggenheim
    • Capri Holdings (CPRI) initiated with a Buy at Guggenheim, tgt $32
    • Clean Harbors (CLH) initiated with a Neutral at Citigroup, tgt $263
    • Deckers Outdoor (DECK) initiated with a Neutral at Guggenheim
    • Ferrari (RACE) initiated with a Neutral at Oddo BHF
    • Gap (GAP) initiated with a Neutral at Guggenheim
    • Laureate Education (LAUR) initiated with an Overweight at JPMorgan, tgt $40
    • LKQ Corp (LKQ) initiated with an Overweight at Stephens, tgt $39
    • Lululemon (LULU) initiated with a Neutral at Guggenheim
    • Macy's (M) initiated with a Neutral at Guggenheim
    • Magnum Ice Cream (MICC) initiated with a Neutral at BofA Securities
    • Magnum Ice Cream (MICC) initiated with an Overweight at Morgan Stanley
    • National Vision (EYE) initiated with a Buy at Guggenheim, tgt $32
    • Nike (NKE) initiated with a Buy at Guggenheim, tgt $77
    • On Holding (ONON) initiated with a Buy at Guggenheim, tgt $59
    • Opus Genetics (IRD) initiated with a Buy at B. Riley, tgt $9
    • Orchestra BioMed (OBIO) initiated with a Buy at TD Cowen, tgt $15
    • OrthoPediatrics (KIDS) initiated with a Buy at Canaccord, tgt $24
    • Peloton (PTON) initiated with a Neutral at Guggenheim
    • Planet Fitness (PLNT) initiated with a Buy at Guggenheim, tgt $130
    • PVH Corp (PVH) initiated with a Neutral at Guggenheim
    • Revolve Group (RVLV) initiated with a Neutral at Guggenheim
    • Roblox (RBLX) initiated with a Buy at B. Riley, tgt $125
    • Ross Stores (ROST) initiated with a Buy at Guggenheim, tgt $199
    • Samsara (IOT) initiated with an Overweight at KeyBanc, tgt $55
    • SharkNinja (SN) initiated with a Buy at TD Cowen, tgt $135
    • Sprott (SII) initiated with a Sector Perform at RBC Capital
    • Take-Two (TTWO) initiated with a Buy at B. Riley, tgt $300
    • Tapestry (TPR) initiated with a Neutral at Guggenheim
    • TJX (TJX) initiated with a Buy at Guggenheim, tgt $175
    • Under Armour (UAA) initiated with a Buy at Guggenheim, tgt $6
    • Unisys (UIS) initiated with an Outperform at William Blair
    • Urban Outfitters (URBN) initiated with a Neutral at Guggenheim
    • VF Corp (VFC) initiated with a Neutral at Guggenheim
    • Victoria's Secret (VSCO) initiated with a Neutral at Guggenheim

>>> What to look at today - 10th of December 2025

Asian stocks were mixed as investors awaited clues on the Federal Reserve’s policy path in its final interest-rate decision of the year. Chinese equities fell after a government report showed inflation edged higher in November, damping expectations for lower interest rates. Shares also edged lower in Japan, while they rose in Taiwan. Silver extended gains after rising to a record, while Australian bonds added to their selloff following this week’s hawkish central bank decision. Traders are anticipating a third consecutive Fed rate cut Wednesday, while the focus will be on the central bank’s latest dot plot, economic projections and comments from Chair Jerome Powell. Volatility around the decision has been among the defining characteristics of equity trading in the past six weeks, superseding concern about a potential AI bubble and the impact of President Donald Trump’s trade policies. China’s stocks have been losing steam after a stellar run earlier this year, dragged down by concerns over valuations, weak economic data and lack of stimulus signals from government leaders. The MSCI China Index is now about 1.4% away from entering a technical correction.  Chinese retail stocks bucked the trend after Beijing called for prioritizing the industry as a key driver to boosting domestic demand. Retail should be prioritized as a key driver for building a robust domestic demand system and strengthening the domestic economic cycle, Vice Commerce Minister Sheng Qiuping said at a briefing. Yonghui Superstores and Fujian Dongbai Group both rose by the 10% daily limit. Silver extended its rally after breaking above $60 an ounce for the first time on Tuesday, with momentum coming from supply tightness and bets on further monetary easing by the Fed. The white metal rose as much as 1.3% to a record $61.4797 an ounce on Wednesday. Australia’s three-year note yield rose as much as seven basis points to 4.21%, the highest since November 2024. The yield had jumped 10 basis points on Tuesday when central bank Governor Michele Bullock called an end to a truncated easing cycle as policymakers gauge whether a pickup in inflation requires an extended interest-rate pause or a switch to tightening. Global bond yields have risen to highs last seen in 2009 ahead of a key Federal Reserve policy meeting, signaling concerns that interest-rate cutting cycles from the US to Australia may be ending soon. US Treasuries were little changed after dropping Tuesday when data showed October job openings increased to the highest level in five months. The Fed’s two previous cuts this year were intended to address weakening employment conditions, including a rise in the unemployment rate to nearly 4.5%. Kevin Hassett, the frontrunner in Trump’s search to replace Powell, said on Tuesday that he sees plenty of room to substantially lower rates, even more than a quarter-point cut. Another Fed rate cut is seen as further eroding the options for investors who are looking for healthy income levels. In recent years, investors were paid handsomely to play it safe. Short-term US Treasuries offered yields above 5% — a rare chance to earn solid returns without locking up capital or chasing risk. The Fed’s expected cut is a reminder that “today’s yields may not always be available,” said James Turner, co-head of global fixed income for EMEA at BlackRock in London. Pension and insurer clients are looking toward high yield, emerging-market debt, AAA rated collateralized loan obligations and securitization investments, to “enhance income and diversify,” he said
Oil held the biggest two-day drop in a month as concerns about global oversupply continued to weigh on sentiment.
US After Hours BRZE +14.7% higher on earnings; GEV +6% higher on raised multi-year guidance, dividend hike and buyback increase; CBRL -9.5%, AVAV -5.1%, CASY -2.5% lower on earnings.

Nikkei -0.10% Hang Seng +0.15% CSI -0.09% Shanghai -0.18% Shenzen +0.31%

Eur$ 1.1629 CNH 7.0593 CNY 7.0619 JPY 156.66 GBP 1.3309 CHF 0.8060 RUB 77.3646 TRY 42.5955 WTI$ 58.37 +0.19% Gold 4,212 +0.60% BTC 92,630 -0.04% ETH 3,324 +0.62% SOL 138.88 +0.86%

S&P +0.04% Nasdaq +0.02% EuroStoxx -0.25% FTSE -0.30% Dax -0.25% SMI -0.47%

Macro :
- FDA Taking Hard Look at Safety Data for RSV Shots for Babies
- Sequoia-Led Funding Vaults Fal to $4.5 Billion Valuation
- Fayed’s Harrods Victims to Get More Say Via New Settlement Plan
- French Stock Futures Trade Lower After PM Wins Key Budget Vote
- Biotech rally mints huge profits for hedge funds - FT

Keep an eye on :
- ADDVA SS : Amplex Offers to Buy ADDvise for About SEK1.05b
- AGN NA : Aegon to Move Head Office and Legal Seat to US; Sets New Targets
- AAL LN : Anglo Shareholders Vote in Favor of $50 Billion Takeover of Teck
- ALKT US : Activist Investor Jana Urges Alkami Technology to Explore Sale
- ANET US : Arista Is the AI Data Center Networking Stock to Watch - The Information
- BAVA DC : Bavaria Approves Sale of Alte Akademie Property to Investor: SZ
- BKG LN : Berkeley 1H Revenue Misses Estimates
- BMW GY : BMW Names New Boss to Guide It Through Industry Upheaval - WSJ
- CA FP : Carrefour, Carmila, Unlimitail, JCDecaux Agree on Ad Partnership
- CA FP : MercadoLibre, Carrefour Launch Argentina Grocery Service
- CICN SW : Cicor Lowers Net Sales, Ebitda Guidance for 2025
- CLASB SS : Clas Ohlson 2Q Operating Profit Beats Estimates
- DELIA NO : Dellia Group Offering of 650,000 Shares Prices at NOK310/Share
- DHER GY : Delivery Hero Weighs Strategic Steps, No Decisions Made Yet
- SATS US : EchoStar Jumps as SpaceX Said To Pursue IPO Raising Above $30B
- FNAC FP : Fnac Darty Agrees £300m Full Buy-In of UK Pension Scheme
- GXI GY : Gerresheimer to Take ‘Necessary Steps’ After Short-Seller Report
- HUSQB SS : Husqvarna Targets Operating Margin of >10% Over Business Cycle
- IDR SM : Indra in Talks With Apis to Sell Payment Unit: Expansion
- INTC US : Intel Signs Term Sheet to Acquire SambaNova Systems: Wired
- LLY US : Eli Lilly to Build $6B Facility in Alabama
- JPM US : JPMorgan Shares Slide as Bank Sees 2026 Expenses at $105B, Mike Mayo Says JPMorgan’s ‘Expense Shocker Should Reverberate’
- MRVL US : Marvell Tech Drops on Information Report; Evercore Maintains Buy
- MELE BB : Melexis Starts New €50 Million Share Buyback Program
- NG/ LN : UK’s Nu Quantum Raises $60 Million in Round Led by National Grid
- Nu Quantum : UK’s Nu Quantum Raises $60 Million in Round Led by National Grid
- SCYR SM : Sacyr Holder Nortia Capital Offers About 40.8m Shares: Terms
- SHEL LN : Shell in Advanced Talks to Buy LLOG Exploration Offshore:Reuters
- ENR GY : Siemens Energy Holder Ananym Pushes For Review of Wind Unit
- 000660 KS : SK Hynix : AI Memory Chipmaker SK Hynix Weighs US Listing to Lift Valuation
- Space X IPO : SpaceX Said to Pursue 2026 IPO Raising Far Above $30 Billion
- STB NO : Storebrand Lifts Return on Equity Goal to 17% From 14% for 2028
- SumUp IPO : SumUp Expands Banking Capability as It Gets Ready for Listing
- TEMN SW : Temenos to Buy Back up to CHF100m in Shares
- 6201 JP : Elliott Reports 5% Toyota Ind. Stake; May Make Proposals (1)
- TSAT US : Canada Awards Multibillion-Dollar Military Satellite Deal to MDA Space, Telesat - WSJ
- 2330 TT : TSMC’s Sales Rise 24.5% on Resilient AI Demand
- TTG LN : DBAY Considers Possible Offer for TT Electronics
- TTE FP : TotalEnergies Seeks $267M From Adani Green Block Trade: Terms
- TUI1 GY : TUI FY Revenue Meets Estimates
- 2202 HK : China Vanke Aims to Avoid Default as Bondholder Vote Begins
- VIRI FP : Viridien Starts Seismic Reimaging Program Offshore Angola
- WBD US : Warner Bros. Bidders Brace for a Fight That Will Last Months

>>> Europe : Brokers Upgrades & Downgrades - 10th of December 2025

>>> Up
* AbbVie Raised to Buy at HSBC; PT $265
* ACS Raised to Outperform at BNP Paribas; PT 107 euros
* ATALAYA MINING COPPER SA PT Raised to 1,000 pence at RBC
* Boliden PT Raised to 550 kronor from 500 kronor at RBC
* Borr Drilling Raised to Buy at Arctic Securities; PT $6
* Glencore PT Raised to 430 pence from 320 pence at RBC
* Hochtief Raised to Outperform at BNP Paribas; PT 375 euros
* HSBC Raised to Buy at BofA
* Jazz Pharma PT Raised to $219 from $147 at Piper Sandler
* Prosus Raised to Buy at SBG Securities; PT 62.01 euros
* Sainsbury Raised to Buy at Deutsche Bank; PT 350 pence
* Sartorius Raised to Outperform at BNP Paribas; PT 296 euros
* Straumann Raised to Outperform at BNP Paribas
* Vale ADRs Raised to Outperform at RBC; PT $14.20
* Wickes Raised to Hold at Deutsche Bank; PT 235 pence

>>> Down
* B&M European Cut to Hold at Deutsche Bank; PT 180 pence
* BFF Bank Cut to Hold at Deutsche Bank; PT 10.50 euros
* Biogen Cut to Reduce at HSBC; PT $143
* Buzzi SpA Cut to Equal-Weight at Morgan Stanley; PT 55 euros
* Continental Cut to Equal-Weight at Barclays; PT 70 euros
* Ferrari Cut to Neutral at Oddo BHF; PT $395.49
* Fraport Cut to Neutral at BNP Paribas; PT 74 euros
* Gerresheimer Cut to Underperform at BNP Paribas; PT 22 euros
* Kainos Cut to Hold at Deutsche Bank; PT 1,030 pence
* Kingfisher Cut to Sell at Deutsche Bank; PT 255 pence
* M6 Cut to Underweight at JPMorgan; PT 13 euros
* Michelin Cut to Add at AlphaValue/Baader
* RTL Cut to Underweight at JPMorgan; PT 34 euros
* Siemens Healthineers Cut to Neutral at BNP Paribas; PT 48 euros
* Siemens Healthineers ADRs Cut to Neutral at BNP Paribas; PT $28
* Unicaja Cut to Underperform at Oddo BHF; PT 2.30 euros
* Vinci Cut to Neutral at BNP Paribas; PT 131 euros

>>> Initiation
* Amazon Rated New Buy at Guggenheim; PT $300
* Aumovio Rated New Overweight at Barclays; PT 60 euros
* Birkenstock Rated New Buy at Guggenheim; PT $60
* Bravida Rated New Buy at ABG; PT 110 kronor
* Capri Holdings Rated New Buy at Guggenheim; PT $32
* Deckers Outdoor Rated New Neutral at Guggenheim
* Elekta Rated New Neutral at SB1 Markets; PT 59 kronor
* Gap Rated New Neutral at Guggenheim
* Lululemon Rated New Neutral at Guggenheim
* Macy's Rated New Neutral at Guggenheim
* Magnum Ice Cream Rated New Equal-Weight at Barclays
* Magnum Ice Cream Rated New Buy at ING; PT 17.50 euros
* Magnum Ice Cream Rated New Overweight at Morgan Stanley
* Nike Rated New Buy at Guggenheim; PT $77
* On Holding Rated New Buy at Guggenheim; PT $59
* Peloton Rated New Neutral at Guggenheim
* Princes Group Rated New Buy at Peel Hunt; PT 560 pence
* PVH Rated New Neutral at Guggenheim
* Ralph Lauren Rated New Neutral at Guggenheim
* Shawbrook Group Rated New Overweight at Barclays; PT 520 pence
* Tapestry Rated New Neutral at Guggenheim
* Urban Outfitters Rated New Neutral at Guggenheim
* VF Corp Rated New Neutral at Guggenheim
* Victoria's Secret Rated New Neutral at Guggenheim
* Under Armour Rated New Buy at Guggenheim; PT $6

>>> Call
* European Media AI Concerns Somewhat Overblown, JPMorgan Says

>>> Stoxx 600 Pre-Market Indications

  • Abivax (2X1 TH) +9.5%
  • Delivery Hero (DHER TH) +6%
    • Delivery Hero Weighs Options After Holders Seek Strategic Review
  • Sartorius (SRT3 TH) +2.1%
    • Sartorius Raised to Outperform at BNP Paribas; PT 296 euros
  • Siemens Energy (ENR TH) +2%
    • Siemens Energy Holder Ananym Pushes For Review of Wind Unit
  • Aumovio (AMV0 TH) +1.5%
  • Hochtief (HOT TH) +1.5%
    • Hochtief Raised to Outperform at BNP Paribas; PT 375 euros
  • Rolls-Royce (RRU TH) +1.3%
    • Aerospace and Defense Fundamentals Remain Strong, JPMorgan Says
  • TUI (TUI1 TH) +1.3%
  • Vestas (VWSB TH) +1.1%
  • Siemens Healthineers (SHL TH) -1.1%
    • Siemens Healthineers Cut to Neutral at BNP Paribas; PT 48 euros
  • Puma (PUM TH) -1.1%
  • Iveco (R3D TH) -1.2%
  • Bilfinger (GBF TH) -1.3%
  • Ferrari (2FE TH) -1.4%
    • Ferrari Cut to Neutral at Oddo BHF; PT $395.49
  • Vinci (SQU TH) -1.4%
    • Vinci ADRs Cut to Neutral at BNP Paribas; PT $38
  • Aegon (J060 TH) -1.4%
    • Dutch Insurer Aegon Moving to US, to Rebrand as Transamerica
  • Continental (CON TH) -2.1%
    • Continental Cut to Equal-Weight at Barclays; PT 70 euros
  • Heidelberg Materials (HEI TH) -2.2%
    • Heidelberg Materials Cut to Underweight at Morgan Stanley
  • Fraport (FRA TH) -2.2%
    • Fraport Cut to Neutral at BNP Paribas; PT 74 euros

>>> TradeGate Pre-Market Indications

DAX:
  • Siemens Energy (ENR TH) +2%
    • Siemens Energy Holder Ananym Pushes For Review of Wind Unit
    • Watch Siemens Energy as GE Vernova Lifts Dividend, Forecasts
  • Siemens Healthineers (SHL TH) -0.9%
    • Siemens Healthineers Cut to Neutral at BNP Paribas; PT 48 euros
  • Heidelberg Materials (HEI TH) -1.1%
  • Continental (CON TH) -1.9%
    • Continental Cut to Equal-Weight at Barclays; PT 70 euros
MDAX:
  • Delivery Hero (DHER TH) +5.9%
    • Delivery Hero Weighs Options After Holders Seek Strategic Review
  • Hochtief (HOT TH) +1.6%
    • Hochtief Raised to Outperform at BNP Paribas; PT 375 euros
  • TUI (TUI1 TH) +1.3%
  • Hensoldt (HAG TH) +1.1%
  • Puma (PUM TH) -1.1%
  • Traton (8TRA TH) -1.1%
  • RTL (RRTL TH) -1.4%
  • Fraport (FRA TH) -2.1%
    • Fraport Cut to Neutral at BNP Paribas; PT 74 euros
  • Gerresheimer (GXI TH) -2.3%
    • Gerresheimer to Take ‘Necessary Steps’ After Short-Seller Report
SDAX:
  • ProSieben (PSM TH) +1.6%
  • Borussia Dortmund (BVB TH) +1.4%
  • Kloeckner (KCO TH) -1.3%

TechCrunch : Boom Supersonic raises $300M to build natural gas turbines for Crus

Boom Supersonic raises $300M to build natural gas turbines for Crusoe data centers

Aircraft startup Boom Supersonic said Tuesday it will start selling a version of its turbine engine as a stationary power plant, and that its first customer will be data center startup Crusoe.

Crusoe will buy 29 of Boom’s 42-megawatt turbines for $1.25 billion to generate 1.21 gigawatts for its data centers. Boom said it will announce more details about a turbine factory next year, with first deliveries occurring in 2027.

To commercialize its Superpower stationary turbine, Boom raised $300 million in a round led by Darsana Capital Partners with participation from Altimeter Capital, Ark Invest, Bessemer Venture Partners, Robinhood Ventures, and Y Combinator.

Profits from the sale of Superpower units will go toward funding continued development of the company’s Overture supersonic aircraft, Boom founder and CEO Blake Scholl told TechCrunch.

It’s an arrangement that Scholl likens to SpaceX’s Starlink satellite constellation. The satellite internet service is reportedly profitable, helping the company to bankroll the development of its rockets.

“I’ve been kind of keeping my eyes open for 10 years for what could be our Starlink,” he said. “I said no to a thousand things because I concluded they were distractions. This one we’re saying yes to because it’s so clearly on path.”

Boom said Superpower and its airborne engine called Symphony share 80% of their parts. Earlier this year, Boom’s XB-1 demonstrator was the first civil aircraft developed by a private company to break the sound barrier.

Crusoe is paying $1,033 per kilowatt of generating capacity. For that, Boom will deliver the turbines, generators, control systems, and preventative maintenance. Crusoe will have to provide everything else, including pollution controls, electrical connections, and so on.

That’s on the higher side for that type of power plant. A typical airplane-derived — or aeroderivative — turbine costs around $1,600 per kilowatt, a price that also includes pollution controls, engineering, construction, land acquisition, permitting, pipelines, and more.

In a typical project, the turbine and pollution controls contribute about 46% of a project’s total cost. Applying that percentage to Boom’s figures would likely push the total cost to over $2,000 per kilowatt. That’s pricey for a simple-cycle gas turbine and more in line with costs for combined-cycle gas turbines slated to come online in the early 2030s.

Boom’s Superpower is targeting 39% efficiency, similar to competitors. Combined cycle turbines can recover heat from the exhaust to boost efficiency above 60%.

Boom is also developing a “field upgrade” to convert its turbines from simple cycle to combined cycle, Scholl said. Operators could do so today using existing combined-cycle kits, though adding them would require longer installation times. “Those combined-cycle plants tend to be construction projects,” he said.

Like other aeroderivative turbine generators, Superpower will be delivered in a shipping container, and developers like Crusoe will be responsible for electrical and gas hookups in addition to pollution controls.

Scholl said the power plants should be “no louder” than existing aeroderivative turbines, though that’s not exactly quiet: Residents near xAI’s Colossus data center report hearing similarly sized turbines from at least half a mile away.

The first few stationary turbines will be made at Boom’s existing facilities while the company builds a larger factory. The goal is to produce 1 gigawatts’ worth in 2028, 2 gigawatts’ worth in 2029, and 4 gigawatts’ worth in 2030. If Boom can hit those numbers, it would represent a significant expansion in the turbines available to be deployed.

Boom still has a challenging few years ahead of it. If the company can pull it off, supersonic commercial flights could happen sooner than even Boom expected. But scaling production is never easy, and many startups have struggled to cross the valley of death that separates early-stage hardware companies from their commercial peers.

The Information : ChatGPT Nears 900 Million Weekly Active Users But Gemini is Ca

ChatGPT Nears 900 Million Weekly Active Users But Gemini is Catching Up

The competition between AI chatbots has been heating up, with Google’s Gemini nipping at OpenAI’s heels. On Monday, I wrote about how Gemini’s share of weekly mobile app downloads increased in late November following the release of Gemini 3, according to data from research firm Sensor Tower, which says it tracks 5 million consumers globally.

Gemini’s growth is also evident on the web. Between August and November, Gemini’s global website visits doubled while ChatGPT’s rose about 1% over the same period, according to the Sensor Tower data. Monthly active users tell a similar story during the period: Gemini’s increased roughly 30% to 346 million while ChatGPT’s rose about 5% to 810 million.

These figures explain why OpenAI CEO Sam Altman called an internal “code red” to focus on ChatGPT and delay other initiatives.

While OpenAI remains dominant, Google’s AI reach is greater than the numbers suggest. Google CEO Sundar Pichai, for instance, said in July that more than 2 billion people see Google’s AI-generated search answers, AI Overviews, every month, and in November said that the Gemini app has more than 650 million users per month. That’s not including Google Search’s chatbot-like AI Mode, which the company says has more than 75 million daily active users globally.

Still, ChatGPT has nearly 900 million weekly active users, according to a person with knowledge of its growth. Its monthly active user figure is probably substantially higher.

Aside from Google’s momentum, one factor that could be slowing ChatGPT growth is that it already captured the easiest and most accessible users, which means the next stage of growth will be harder. Facebook, for example, reached 500 million users in 2010 and doubled that number in just two years to 1 billion. But it took another five years for the company to double that figure to 2 billion users.

OpenAI likely will face a similar growth trajectory to Facebook as it expands beyond the U.S.

ChatGPT’s top five markets by weekly active users are U.S., India, Brazil, Japan and France, according to the person with knowledge of its growth.

ChatGPT also has a decent edge over Google Gemini in terms of raw usage, though Gemini is gaining on it.