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PLAINVILLE — After suffering two straight losses to Bloomfield 54-14 on Thursday, Nov. 7, and 35-17 to East Catholic last week, the Plainville Blue Devils football team will look to return to the win column on Senior Night. Plainville will return home to host the Farmington River Hawks on Wednesday at 6:30 p.m., looking to retain the Canal Cup and improve to 5-5. Plainville has had an up-and-down season. The Blue Devils started the season 0-2, but they won three of their next four games before losing their last two. Meanwhile, Farmington will enter the game with a 1-8 record and is looking to snap its five-game losing streak. Plainville head coach Tim Shea said the team must limit its mistakes to bounce back after suffering two tough losses. “We need to cut down on our opponents' big plays and minimize some mistakes,” Shea said. “There’s a lot of times during the year that we’ve been our own worst enemy with mistakes and turnovers.” Shea added that the team needs to establish the run to be successful against Farmington. He also added the team needs to get off the field on third down since Farmington is a team that likes to throw the ball around. While Farmington has struggled all season, Shea said to throw the records out the window, given that it is a rivalry game. With Farmington being a team that likes to crowd the box on defense, Shea said the team needs to execute in space. “We know it's going to be a good game,” Shea said. “They have good size up front, and their linebackers are very aggressive. The game always comes down to what you have up front. If you can protect the quarterback, you’re going to be successful. It will be a great challenge, and this is what Thanksgiving football is all about.” Against Bloomfield, the game was competitive throughout the first quarter, with Plainfield winning. However, it didn’t remain competitive the rest of the way, as the game got away from Plainville. Although Plainville didn’t win against Bloomfield or East Catholic, Shea said the team made progress in its last two games. “We’re playing much harder right now, and we’re playing complete games,” Shea said. “There’s no giving up and there’s a lot of fight. “Hopefully we can carry that forward for one more game this year. I’m hoping to send our nine seniors out right. I want our younger kids to realize what this game means and play for them to start right for next year.”
Please enable JavaScript to read this content. President William Ruto is under pressure to fill the two vacant Cabinet slots for Interior and Gender, with some suggesting that the Mt Kenya and South Rift regions should be prioritised. The President is yet to pick a replacement for Kithure Kindiki , who was elevated from the Interior docket to Deputy President. He is also yet to appoint a Gender Cabinet Secretary after the Parliamentary Appointments Committee rejected the nomination of Stella Langat during the vetting process in August. Ruto is reportedly consulting widely as he seeks to appease the Mt Kenya region following the impeachment of former Deputy President Rigathi Gachagua. Speculation is rife that he is considering nominating former Health Cabinet Secretary Mutahi Kagwe to the Interior docket. According to a source close to the presidency, Kagwe’s nomination would serve a dual purpose. As a native of Nyeri, like Gachagua, his appointment would seek to reassure Mt Kenya residents that the President had not sidelined them. “The President is keen to ensure that the people of Mt Kenya do not feel abandoned after Gachagua’s impeachment. That is why he is considering nominating former Health Cabinet Secretary Mutahi Kagwe for the Interior docket, given his experience,” said the source. Two weeks ago, the Kikuyu Council of Elders held a meeting in Nyeri where they endorsed Kagwe , citing his strong leadership credentials and extensive experience, having served in the Cabinets of presidents Mwai Kibaki and Uhuru Kenyatta. However, some close allies of the President believe the influential Interior docket should be assigned to an insider, preferably from the Rift Valley region. Transport Cabinet Secretary Davis Chirchir and Sports Cabinet Secretary Kipchumba Murkomen are reportedly among the top contenders for the position. Interior Principal Secretary Raymond Omollo is also said to be under consideration. His two years of experience in the ministry is seen as an advantage, as he is already familiar with its operations and would require minimal transition time. For the Gender docket, President Ruto is reportedly considering former Kitui Governor Charity Ngilu as part of a strategic move to counter the influence of Wiper Party leader Kalonzo Musyoka in the Ukambani region. The President is said to view Ngilu, a seasoned grassroots mobiliser with extensive political experience, as a key ally in the region ahead of the 2027 presidential election. “The President is considering bringing Charity Ngilu into his Cabinet because of her political experience and mobilisation skills. He believes she would help neutralise Kalonzo Musyoka’s influence in Ukambani,” said the source. Meanwhile, the ODM Party is reportedly lobbying for an additional Cabinet slot. The party currently holds five positions: John Mbadi (National Treasury), Hassan Joho (Mining), Opiyo Wandayi (Energy), Wycliffe Oparanya (Cooperatives), and Beatrice Askul (East African Affairs). ODM is said to be pushing to secure a sixth Cabinet post. Additionally, ODM is expected to gain at least 12 Principal Secretary positions as part of a broader reshuffle targeting individuals allied with former Deputy President Gachagua. These changes are expected to be announced within the next two weeks. Stay informed. Subscribe to our newsletter
LISHUI, China , Dec. 3, 2024 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY ) ("CNEY" or the "Company") today announced that o n November 26, 2024 , the Company received a written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, while the Company has not regained compliance with the minimum $1.00 bid price per share requirement (the "Minimum Bid Price Requirement"), Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until May 27, 2025 (the "Second Compliance Period"), to regain compliance. Nasdaq's determination was based on (i) the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and (ii) the Company's written notice to Nasdaq of its intention to cure the deficiency during the Second Compliance Period by effecting a reverse stock split, if necessary. If at any time during the Second Compliance Period, the closing bid price of the Company's Class A ordinary shares meets or exceeds US$1.00 per share for at least ten consecutive business days, Nasdaq will provide written confirmation of compliance, and this matter will be closed. The Company intends to continue to actively monitor its compliance with the Minimum Bid Price Requirement and, as appropriate, will consider available options to resolve any deficiencies and regain compliance, including the implementation of a reverse share split, if necessary. About CN Energy Group. Inc. CN Energy Group. Inc. is currently listed on NASDAQ under the symbol "CNEY." With patented proprietary bioengineering and physiochemical technologies, CNEY has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental and ecologic benefits. CNEY's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. For more information, please visit the Company's website at www.cneny.com . Forward-Looking Statements Certain statements, other than statements of historical facts, made in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company's operations and the demand for the Company's products, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial conditions, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will, " "expect, " "anticipate, " "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to refer to its filings with SEC, including without limitation, Company's registration statements and other filings with the SEC that set forth certain risks and uncertainties that may have an impact on future results and directions of the Company. View original content: https://www.prnewswire.com/news-releases/cney-receives-nasdaq-minimum-bid-price-requirement-extension-302321723.html SOURCE CN Energy Group. Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.GERMANTOWN, Tenn. , Dec. 10, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.515 per share of common stock to be paid on January 31, 2025 , to shareholders of record on January 15, 2025 . The increase will raise the annualized dividend payment 3.1% to $6.06 per share of common stock and represents the 15 th consecutive year MAA has increased its dividend to shareholders. As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on February 5, 2025 . About MAA MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. For further details, please refer to www.maac.com or contact Investor Relations at investor.relations@maac.com . Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended with respect to our expectations for future periods. Such statements include statements made about the payment of common dividends. The ability to meet the payment of common dividends in or contemplated by the forward-looking statements could differ materially from the projection due to a number of factors, including a downturn in general economic conditions or the capital markets, changes in interest rates and other items that are difficult to control such as increases in real estate taxes in many of our markets, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing. View original content to download multimedia: https://www.prnewswire.com/news-releases/maa-announces-increase-to-quarterly-common-dividend-302328178.html SOURCE MAA
Signing with Dodgers was really easy decision for 2-time Cy Young winner Blake SnellKansas City Chiefs back to winning ways against Carolina PanthersQatar tribune US President Joe Biden on Sunday said he has pardoned his son, Hunter Biden, despite previously promising he would not do so. The president’s 54-year-old son had pleaded guilty to federal tax charges after being found guilty of charges relating to gun possession and drug use in two separate trials. The sentences were to be announced later in December. The US president said that, while he had promised he wouldn’t interfere with decisions by the Department of Justice, “It is clear that Hunter was treated differently.” “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election,” the older Biden said in a statement released by the White House. “Then, a carefully negotiated plea deal, agreed to by the Department of Justice, unravelled in the court room - with a number of my political opponents in Congress taking credit for bringing political pressure on the process. Had the plea deal held, it would have been a fair, reasonable resolution of Hunter’s cases. “No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son - and that is wrong,” continued the US president. Biden had said several times that he would not pardon his son. His term in office ends when power is handed over to President-elect Donald Trump on January 20. Hunter Biden’s legal problems also weighed on his father politically during the election campaign. Biden was originally set to be the Democrats’ candidate for the White House, but withdrew from the race after a disastrous performance in a televised debate against Trump. He was eventually replaced by his vice president, Kamala Harris, who was defeated by Trump in the November election. US President-elect Donald Trump described the decision as a “miscarriage of justice.” He pointed on his Truth Social platform to people jailed for participating in the January 6, 2021 riots on Capitol Hill in Washington, terming them “hostages.” “Does the Pardon given by Joe to Hunter include the J-6 Hostages, who have now been imprisoned for years? Such an abuse and miscarriage of Justice!” Trump posted. Trump is to be inaugurated in Washington on January 20. (DPA) Copy 03/12/2024 10MIAMI, Fla. and BANGKOK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Arogo Capital Acquisition Corp. (“Arogo Capital”) (OTC: AOGO) today announced that it has signed a binding letter of intent (“LOI”) with Bangkok Tellink Co., Ltd (“Bangkok Tellink”), an emerging leader in advanced telecommunications, mobile network technology, and Internet of Things (IoT) solutions. The LOI sets forth the preliminary terms and conditions for a potential business combination that would be expected to result in Bangkok Tellink becoming a publicly traded company in the United States. Bangkok Tellink at a Glance Established on January 24, 2019, Bangkok Tellink specializes in comprehensive mobile phone signal systems across multiple frequencies (700MHz, 850MHz, 2100MHz, 2300MHz, and 26GHz). Operating under its ‘INFINITE’ brand, the company provides a range of services including Smart Solutions, IoT Sim Cards, E-sim, SMPP (virtual SMS), SIP trunk (voice virtual number), and software development. Through its offerings, Bangkok Tellink seeks to deliver integrated telecommunications solutions with a goal of enhancing both professional and personal lives of its customers. Bangkok Tellink’s commitment to innovation, efficient operations, and strategic growth positions it as a versatile technology provider, poised to meet evolving connectivity demands and contribute to sustainable development. Strategic Rationale The material terms of a definitive business combination agreement are subject to ongoing negotiations, but if agreement is reached and the proposed business combination is completed, it is anticipated to grant Bangkok Tellink enhanced access to U.S. capital markets. Bangkok Tellink believes that this proposed business combination could accelerate the rollout of its next-generation telecommunication technologies, foster broader geographic expansion, and provide increased financial flexibility to advance research and development efforts. Management Commentary “We believe that Bangkok Tellink has demonstrated an impressive ability to innovate and deliver exceptional telecommunications and IoT solutions,” said Suradech Taweesaengsakulthai, Chief Executive Officer of Arogo Capital. “The signing of this binding LOI marks an important first step in exploring a potential business combination, and we look forward to conducting further due diligence and negotiating definitive terms. We believe that Bangkok Tellink’s vision, coupled with Arogo’s strategic support, could create substantial long-term value for the proposed combined company’s shareholders and customers worldwide.” “We are excited to work with Arogo Capital and move forward with negotiation of a potential business combination,” said Nusttanakit Sasianon, Founder and Chief Executive Officer of Bangkok Tellink. “Our mission is to uplift lives through cutting-edge connectivity and innovative solutions. We believe that partnering with Arogo could provide us with an opportunity to broaden our horizons, enhance our product and service offerings, and accelerate growth. We are committed to making this potential milestone a reality and continuing to build on our progress.” Next Steps There is no assurance that the parties will enter into a definitive agreement or ultimately consummate the proposed transaction. If and when a definitive business combination agreement is executed, further details will be provided. About Arogo Capital Acquisition Corp. Arogo Capital Acquisition Corp. is a blank check company. Arogo aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. For more information, visit www.arogocapital.com . About Bangkok Tellink Co., Ltd Bangkok Tellink Co., Ltd, established in 2019, is at the forefront of Thailand’s telecommunications industry. By offering mobile network infrastructure, IoT devices, E-sim services, and software development, Bangkok Tellink provides integrated solutions that foster connectivity and productivity. Bangkok Tellink invests in innovation, operational efficiency, and sustainability to position itself as a prominent telecommunications and technology leader. Additional Information and Where to Find It For additional information regarding the LOI and the proposed business combination, see Arogo Capital’s Current Report on Form 8-K, which was filed with the U.S. Securities and Exchange Commission (“SEC”) concurrently with the issuance of this press release. In connection with the proposed business combination, Arogo Capital intends to file with the SEC a Current Report on Form 8-K if and when the business combination agreement is executed, and subsequently to prepare and file a registration statement on Form S-4 (or Form F-4, as applicable, the “Registration Statement”), and after the Registration Statement is declared effective by the SEC, Arogo Capital intends to mail a definitive proxy statement/prospectus relating to the proposed transaction to its stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed business combination. Arogo Capital’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed business combination with the SEC by Arogo Capital, as these materials will contain important information about Arogo Capital and Bangkok Tellink, and the proposed business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Arogo Capital as of a record date to be established for voting on the proposed business combination. Such stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Arogo Capital Acquisition Corporation, 848 Brickell Ave, Penthouse 5, Miami, FL 33131. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are based on beliefs and assumptions and on information currently available to Arogo Capital and Bangkok Tellink. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including that the parties will enter into a definitive business combination agreement or will subsequently consummate the proposed business combination, projections of market opportunity and market share, the capability of Bangkok Tellink’s business plans including its plans to expand, the sources and uses of cash from the proposed business combination, the anticipated enterprise value of the combined company following the consummation of the business combination, any perceived benefits of Bangkok Tellink’s partnerships, strategies or plans as they relate to the proposed business combination, anticipated benefits of the business combination, and expectations related to the terms and timing of the business combination are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the management team of each of Arogo Capital and Bangkok Tellink believes that it has a reasonable basis for each forward-looking statement contained in this press release, each of Arogo Capital and Bangkok Tellink cautions you that these statements are based on assumptions made as of the date hereof and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability to complete the proposed business combination due to the failure to obtain approval from Arogo Capital’s stockholders or satisfy other closing conditions in any future business combination agreement, the receipt of regulatory approvals, the occurrence of any event that could give rise to the termination of a future business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by Arogo Capital’s public stockholders, costs related to the proposed business combination, the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties, including those included under the heading “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arogo Capital’s Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent Forms 10-Q, in the proxy statement/prospectus relating to the proposed business combination to be filed with the SEC, and in any subsequent filings with the SEC, including the definitive proxy statement relating to the proposed business combination and other filings made by Arogo Capital with the SEC from time to time. There may be additional risks that neither Arogo Capital or Bangkok Tellink presently know or that Arogo Capital and Bangkok Tellink currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing contained herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Arogo Capital nor Bangkok Tellink undertakes any duty, and each of Arogo Capital and Bangkok Tellink express disclaim any obligations, to update or alter any projections or forward-looking statements, whether as a result of new information, future events or otherwise. No Offer or Solicitation This press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Arogo Capital or Bangkok Tellink, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. Participants in Solicitation Arogo Capital and Bangkok Tellink, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Arogo Capital’s stockholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Arogo Capital’s stockholders in connection with the proposed business combination will be set forth in the Registration Statement, of which the proxy statement/prospectus forms a part, when it is filed with the SEC. Contacts: For Arogo Capital Acquisition Corp.: Nisachon Rattanamee nisachon@arogocapital.com For Bangkok Tellink Company Limited: Daniel Fong daniel@s1winconsultant.com
Saskatoon city council successfully reduced a higher-than-expected property tax increase, unanimously approving the budget for 2025. Although the mayor and council members are still adjusting to their new roles, they have found common ground in limiting the property tax hike to 4.96 per cent. The overall budget has been reduced by just over $1.9 million, and the capital plan has been cut by more than $4.1 million. Mayor Cynthia Block expressed that she is more satisfied with this year’s discussions compared to last year, when the city faced “unprecedented inflationary pressures.” Global’s Mackenzie Mazankowski provides an overview of the final day of budget deliberations in the video above.Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season
Global brokerage firm UBS has initiated coverage on foodtech major Swiggy with a 'Buy' rating and a price target of INR 515 for the upcoming 12 months The brokerage firm said there is “plenty of room at the table” and Swiggy is well positioned to benefit from the rapid growth in India's food delivery and quick commerce markets Global brokerage firm UBS has initiated coverage on foodtech major Swiggy with a ‘Buy’ rating and a price target of INR 515 for the upcoming 12 months. This represents an over 19% upside from the stock’s last closing price of INR 431.25. The brokerage firm said there is “plenty of room at the table” and Swiggy is well positioned to benefit from the rapid growth in India’s food delivery and quick commerce markets. “While the company lost market cap in CY23, data from UBS Evidence food delivery receipts shows signs of market share stabilisation; the same is visible in the Q1 FY25 results as well,” the brokerage said. On the quick commerce vertical, it said that Swiggy lost market share to peers despite being the pioneer in the segment. However, Swiggy has made infrastructure changes in line with the changing trends by expanding the size of dark stores and densifying the dark store footprint in urban areas. These changes, UBS said, have shown results with Swiggy Instamart’s order count jumping 41% in Q1 FY25 and average order value increasing by 10%. Despite this, Instamart needs to narrow the gap with Blinkit, the brokerage said. It expects Swiggy’s quick commerce vertical to achieve adjusted EBITDA breakeven in FY29. “After adjusting for its lower scale vs Zomato, we believe the stock’s price is 35-40% discount to Zomato and see room for this valuation discount to narrow as the company demonstrates stablising market share,” UBS said. With this, UBS has become the latest brokerage firm to initiate coverage on Swiggy after its listing earlier this month. JM Financial initiated its coverage on Swiggy with a ‘Buy’ rating and a PT of INR 470. On the other hand, Motilal Oswal gave Swiggy’s shares a ‘neutral’ rating but a PT of INR 475. In its note on the foodtech major, the brokerage observed that Swiggy has lost its market leader position despite being a category inventor across both food delivery and quick commerce segments. Motilal Oswal said that Zomato extended its lead over Swiggy in food delivery from 54% to 58% in the quarter ended June. On the quick commerce front, Zomato’s Blinkit is pegged to be commanding a 46% market share, followed by Zepto at 29% and Swiggy Instamart at 25%. Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.
Signing with Dodgers was really easy decision for 2-time Cy Young winner Blake SnellMAA Announces Increase to Quarterly Common Dividend
The arrival of artificial intelligence (AI) into the mainstream has supercharged shares of semiconductor giant Advanced Micro Devices ( AMD 0.63% ) . Last December, the stock was at a 52-week low of $116.37, but in 2024, it topped $227.30. Since reaching that record high in March, AMD's share price has pulled back, and the stock was down about 6% in 2024 through Nov. 18. Given that price decline, does this mean the fervor over AI is done? Or is the stock's drop a signal that now is the time to buy? Let's examine the company in detail to help you decide. AMD's success with AI AMD was once known primarily as a purveyor of semiconductors for the video game industry. Now, the chipmaker is transforming into an AI juggernaut under the leadership of CEO Lisa Su. Su's 10th anniversary as CEO is this year, and she sees great potential for the company: "Looking out over the next several years, we see significant growth opportunities across our data center, client, and embedded businesses driven by the nearly insatiable demand for more compute." AMD's performance supports her point. Customers operating data centers, which house cloud computing servers for AI, began adopting the company's chips over the past year, and its sales to this market have exploded. In its fiscal third quarter, ended Sept. 28, data center segment revenue rose 122% year over year to a record $3.5 billion. This division accounted for over half the company's total third-quarter sales of $6.8 billion, helping AMD achieve 18% year-over-year growth. The company's data center customers include tech luminaries such as Microsoft , Meta Platforms , and Uber . Just Meta itself purchased 1.5 million units of AMD's EPYC computer processor for its cloud servers. Rising demand for AMD's AI solutions The company's third-quarter data center success is a substantial change from 2023, when sales represented $1.6 billion of its $5.8 billion in total third-quarter revenue. The ability to quickly seize the sudden surge in demand for AI-related semiconductor products illustrates that its evolution into an AI powerhouse is working. The customer demand for chips to power AI not only remains high, but year-over-year sales growth is also accelerating, which indicates the company is successfully capturing an increasing share of this AI demand. Quarter Data Center Revenue YOY Change Q3 2024 $3.5 billion 122% Q2 2024 $2.8 billion 115% Q1 2024 $2.3 billion 80% Q4 2023 $2.3 billion 38% Data source: AMD. YOY = year over year. AI chip demand isn't coming just from data centers. The client segment, which represents products sold to the personal device market (including semiconductors for laptops), is also seeing strong sales growth. In the third quarter, the client segment's revenue reached $1.9 billion, a 30% year-over-year increase. Together, the data center and client divisions accounted for 80% of third-quarter revenue. Management expects this AI demand will drive even greater growth in its fiscal fourth quarter, estimating quarterly revenue to reach about $7.5 billion, an impressive 22% year-over-year increase from $6.2 billion. AMD's AI transformation As CEO Lisa Su indicated, this AI demand is expected to last years, which is why her company is doubling down on its acquisitions. It bought Silo AI in August to help customers integrate AMD hardware into their AI tech, and plans to acquire ZT Systems, an expert at implementing AI-related infrastructure. Thanks to its strong top-line performance, the bottom line is growing as well. Third-quarter net income was up 158% year over year to $771 million. This raised diluted earnings per share (EPS) to $0.47, a 161% jump from the prior year. With AI demand showing no sign of slowing down, and considering AMD's growing strength in capturing its share of this market, the company is a great long-term investment . The question is whether now is the time to buy. One factor to consider is the company's forward price-to-earnings ratio (P/E ratio) , which is a way to assess the relative value of a stock by telling you how much investors are willing to pay for every dollar of earnings. AMD stock is trading around 42 times forward earnings at the time of this writing. That's a decline from the valuations it was commanding earlier in the year -- valuations that were so elevated, they were higher than the forward P/E for AI darling Nvidia . Data by YCharts . AMD stock fell recently after management announced job cuts in areas it is de-emphasizing to shift resources toward its AI-related businesses. With its price drop, the forward P/E is now below Nvidia's. You could wait for shares to drop further, but the stock's current valuation is more reasonable now, and that means it's a good time to consider buying shares in AMD.Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season
Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 seasonWASHINGTON (AP) — Rep. Jamie Raskin of Maryland announced Monday that he will run to become the top Democrat on the powerful House Judiciary Committee next year, directly challenging fellow Democratic Rep. Jerry Nadler as the party prepares to fight a second Trump administration and an emboldened Republican majority. "House Democrats must stand in the breach to defend the principles and institutions of constitutional democracy," Raskin wrote in a letter to colleagues. “That is our historic assignment now. We dare not fail.” Raskin said in the letter — obtained by The Associated Press — that he decided to run for the post after spending the week consulting with House Democrats and “engaging in serious introspection” about where the party is following their stunning electoral defeat last month that handed Republicans control of Congress and the White House. While currently the top Democrat on the House Oversight Committee, Raskin said that come next year, the Judiciary Committee under his leadership would become "the headquarters of Congressional opposition to authoritarianism" as well as other efforts by President Donald Trump and his allies to thwart the Constitution. Being the face of the resistance against Trump is not new territory for Raskin who spent the last two years on Oversight as the most vocal defender of President Joe Biden and his family as they faced a sprawling Republican investigation — encouraged by Trump — into their various business affairs. Raskin, who is a former constitutional law professor, also helped draft articles of impeachment against the incoming president for his encouragement of the violent mob on Jan. 6, 2021, and led the impeachment prosecution in the Senate. But by throwing his hat in the ring, Raskin is inviting what a bitter intra-party fight with Nadler, who is currently serving his 17th term in Congress and who has held the top spot on Judiciary since 2019. Democrats have over the years rarely broken from the seniority system for committee assignments, no matter how long someone has held a position, making the outcome of the race uncertain. Both men did not respond to requests for comment but Raskin closed his letter by praising Nadler, saying that he made this decision “with respect and boundless admiration” for him. “If I’m lucky enough to be chosen for this responsibility in the 119th Congress, I will turn to Jerry first and throughout for his always wise counsel and political judgment,” Raskin added.