The race to secure gallium

Gallium, a critical component in smartphones, radar systems, and numerous other technologies, plays a far more significant role than its modest price might suggest. Despite being sold for just pennies above production costs, many non-Asian producers exited the market in the late 2000s when China ramped up its production capacity.

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Affirm shares surge on strong Q4 results and guidance

Affirm Holdings (AFRM) shares soared after the buy now, pay later (BNPL) fintech company reported better-than-expected fiscal fourth-quarter results and issued strong guidance after the bell on Wednesday. The company posted a 48% year-over-year revenue increase, reaching $659 million for the quarter. Additionally, Affirm significantly reduced its net loss to $45 million, or 14 cents per share, compared to $206 million, or 69 cents per share, in the same period last year. Both revenue and earnings figures exceeded analyst expectations, according to Visible Alpha. The company’s Gross Merchandise Volume (GMV), representing the total value of transactions on the Affirm platform, also rose 32% to $7.2 billion.

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