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03:11

Amazon-backed X-Energy Surges 27% in Nasdaq IPO, Raises $1.02B

Gate News message, April 25 — X-Energy, an Amazon-backed nuclear technology firm, raised $1.02 billion in its Nasdaq IPO on April 24, with shares closing at $29.20, up 27% from the $23 offer price. The pricing valued the company at approximately $11.6 billion, above its initially marketed range of $
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02:41

Nio Spins Off Chip Unit Shenji to Reduce Reliance on Nvidia

Gate News message, April 25 — Chinese EV maker Nio announced on April 24 that it has spun off its chip division, Shenji, into an independent company to reduce reliance on suppliers such as Nvidia and improve profit margins. Shenji's first chip, the NX9031, uses a 5-nanometer automotive-grade
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