The sky is the limit for the vertical farming industry. Aerofarm's Marc Oshima joins Cheddar to discuss his company's construction of the world's largest indoor farm. The co-founder and chief marketing officer explains the technology behind the firm's smart-farming system.
Earlier this year, Aerofarms built its new flagship facility in Newark, New Jersey. Oshima takes us inside the massive new complex and explains how it fits into the company's overall scaling strategy. He reveals that Aerofarms also makes sure to integrate itself in every community it enters.
Finally, we discuss vertical farming in the context of the internet of things. Aerofarms tracks the data points from every seed it plants to track and tweak its overall color, taste, and nutrition. Oshima explains how a 5G future will change what's possible for the intersection of technology and agriculture.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
