Fusion startup Helion has received a $175 million federal award under the CHIPS Act from the Department of Commerce to research and manufacture advanced semiconductors and power electronics for its fusion plants. Such devices currently lose about 5% to 10% of the electricity passing through them, and CEO David Kirtley said halving that loss would double the fusion system's power output. The funding will support a new production line in Washington State and R&D with GlobalFoundries in Vermont, while Helion races to finish its Orion plant for a 2028 power deal with Microsoft. Kirtley acknowledged the R&D will not reach Orion in time but should improve later plants, and the company also announced a $50 million private investment, bringing total funding to more than $3.2 billion.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
semiconductorselectricityenergy
Open a keyword to see other news on the same topic.
Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/21/2026 | 532.95 |
| Change that session | +0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Russia refuses to buy Chinese electricity despite delays in building Far East hydropower plants
Russian Deputy Energy Minister Pyotr Konyushenko told TASS that Russia has no plans to buy electricity from China. He said reverse power flow from China is not on the agenda and that the ministry considers such supply unfeasible, though it is technically possible since cross-border lines currently mainly carry power from Russia’s Far East to northeast China. Even if delays to Far East hydropower plants leave the region short of energy, he insisted Russia will solve the problem itself.
- Amazon's Nvidia Chips Are Sitting in Warehouses Without Power as AI Spending Soars, Business Insider Reports
Business Insider reported that Amazon.com Inc. (NASDAQ:AMZN) is buying billions in Nvidia Corp. (NASDAQ:NVDA) AI hardware, but some new server racks are sitting in warehouses because its data centers lack the electricity to run them. The report cites internal Amazon emails, but the content provided is cut off before it details what the company expected.
- BE Stock Slips Overnight Amid AI Selloff: AEP To Spend $4B On Fuel Cells To Power Google
Bloom Energy (BE) shares slipped more than 3% overnight as an AI stock selloff weighed on the company. Separately, American Electric Power (AEP) said it will invest about $4 billion in a 702-megawatt fuel cell project near Cheyenne, Wyoming, under a 20-year power purchase agreement with Google, with Bloom Energy expected to supply the technology. AEP controls about 92% of the project company, Cheyenne Fuel Cell, LLC, with construction starting in 2026 and full operation targeted by the end of 2028. The broader selloff followed ChangXin Memory Technologies’ plans for next-generation DRAM products, which raised concerns that Chinese chipmakers could gain ground. BE stock is up more than 175% in 2026, while AEP has gained nearly 12%.
- The Staggering Costs of a Single Data Center, From Land to Chips
Meta, Amazon, Microsoft and Alphabet are expected to spend about $750 billion on capital expenditures this year alone, more than the GDP of Ireland or Belgium and over half of what all S&P 500 companies spent last year. The piece breaks down data-center costs, including steel, cement, chips, copper, land, engineering and power, all rising in price as demand outstrips supply. One key component is cited at $30,000, and each server houses 72 of them while drawing power comparable to several large flat-screen TVs. Building a chip plant takes about two years and multiple plants are needed to meet current demand, so the reporters argue cost pressure is unlikely to ease while demand stays at present levels.
- CNBC Daily Open: AI spending fears haunt markets before Halloween
U.S. stocks fell as concerns over AI spending weighed on the market, with the Nasdaq down more than 2% and the S&P 500 down 1.2%, while oil prices jumped, with Brent settling at $113.17 per barrel and WTI at $99.47. Meta shares slumped nearly 7% after the company reported negative free cash flow of $2.12 billion in the third quarter and raised the bottom of its full-year capex range to $135–145 billion from $130 billion. The 10-year U.S. Treasury yield fell more than 17 basis points to 4.972%, dipping below 5% for the first time in about a month. Elon Musk has committed roughly $366 million to the 2026 election cycle across at least 40 races, with at least $276 million going to Republican groups and his America PAC, while SpaceX has received at least $6.78 billion in federal work so far this year. Nvidia CEO Jensen Huang said a memory surplus is unlikely by 2029, despite a recent sell-off in memory stocks.
- Nasdaq dives 2 . 6 % as U . S . and Israel gear up for more attacks on Iran
U.S. stocks other than the Dow fell on Thursday, led by a sell-off in technology shares, after reports that Israel and the United States plan to resume bombing Iran after the midterm elections sent oil prices higher. The Nasdaq Composite was hit hardest, dropping 694.00 points, or 2.60%, to 26,008.86, while the S&P 500 fell 93.78 points, or 1.21%, to 7,663.39. The Dow Jones Industrial Average edged up 10.76 points, or 0.02%, to 52,866.85. Demand for Treasury bonds spiked, pushing prices up and yields down. Most markets in Asia and Europe also closed lower, with Hong Kong's Hang Seng down 3.03%, Japan's Nikkei 225 down 2.65%, South Korea's KOSPI down 3.52% and Germany's DAX down 1.07%; Brussels' BEL 20 was a rare gainer, up 1.97%.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.