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Boring, quiet & crushing the market for the last 5 years
TheStreet57d agoneutral
Boring, quiet & crushing the market for the last 5 years

This is the third piece in a series examining "boring" large-cap stocks that have outperformed the Nasdaq-100 over the past five years. The first piece introduced the five companies and the data. The second piece covered defense and nuclear supplier Curtiss-Wright. This week: a company that moves ...

Reuters57d agoneutral
AI startup Genspark valued at $2.6 billion in latest funding round

Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round ‌that valued it at $2.6 billion, underscoring strong investor appetite ‌for AI companies developing workplace productivity tools. The round was backed by existing investors ​including Sozo Ventures, Korea Mirae Asset and UpHonest Capital. The latest investment brings the Palo Alto, California-based company's total Series B financing to $485 million.

Bloomberg57d agoneutral
Apple Investors Are Tired of AI Promises, Want Tangible Progress

(Bloomberg) -- Apple Inc. investors are losing patience with the company’s talk about becoming a more formidable presence in artificial intelligence and want to start seeing some results.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace Deal“Ther

Bloomberg57d agoneutral
General Atlantic in Talks to Lead Funding for China’s Kling AI

(Bloomberg) -- Kuaishou Technology is in discussions with General Atlantic to lead a first round of financing for its video AI arm, seeking to secure a major US backer ahead of an initial public offering.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealRead the 14-Point Draft Memorandum Between the US and IranStudios in Microsoft’s Xbox Division Brace for ClosuresUS Set to Offer Iran Broad Financial Gains in

EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
Reuters58d agoneutral
EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

EssilorLuxottica, ‌the ‌world's largest eyewear ​maker, has signed a ‌long-term ⁠deal with U.S. ⁠chipmaking equipment ​company ​Applied ​Materials to ‌develop augmented reality display technology ‌and ​AI ​glasses, ​the ‌companies said on ​Tuesday. (Reporting ​by Gianluca ​Lo ‌Nostro; Editing ​by Emelia ​Sithole-Matarise)

Who Is The World’s Second Richest Person?
24/7 Wall St.58d agoneutral
Who Is The World’s Second Richest Person?

After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?

How SpaceX’s First Day Compares With Mag-7 Debuts
The Wall Street Journal59d agoneutral
How SpaceX’s First Day Compares With Mag-7 Debuts

Space-X pulled off a Goldilocks IPO on Friday, and for good measure today is adding another gain to its initial 19% rise. Here's how other high-profile IPOs did on their first day of trading, according to Dow Jones Market Data: ‘Magnificent Seven’ growth stocks Nvidia, up 64%.

Investing.com59d agoneutral
Wolfe Research sees substantial upside to AMD estimates

Investing.com -- On Monday, analysts at Wolfe Research described management's tone on a pre-quiet period call with AMD as constructive, saying there is "substantial room for upside to consensus for both CY26 and 27" driven by incremental CPU strength and the potential for additional gigawatt-scale MI450 customers.

SpaceX stock gains: What its IPO signals about its future success
Yahoo Finance Video59d agoneutralVIDEO
SpaceX stock gains: What its IPO signals about its future success

SpaceX stock (SPCX) continues rising in Monday's pre-market trading (maintaining gains at the session open at the time of this video's posting) ahead of the space company's first full day of trading since its historic IPO last Friday. Morning Brief Host Julie Hyman and Barron's Investor Circle Newsletter editor Josh Schafer examine SpaceX's performance thus far and what it may signal about the success of the company in its future lifetime.

Bloomberg59d agoneutral
Anthropic Block Marks US Reversal, Warning to Silicon Valley

(Bloomberg) -- The extraordinary move by the US to bar foreign access to Anthropic PBC’s best AI models underscores the Trump administration’s newfound willingness to exert control over a pivotal industry. It also reminds Silicon Valley that it’s working with an imperfectly understood technology with uncertain impact.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Rest

Trump Hosts Brutal UFC Fights at White House for 80th Birthday
Bloomberg59d agoneutral
Trump Hosts Brutal UFC Fights at White House for 80th Birthday

(Bloomberg) -- Donald Trump will head to France for what will likely be contentious discussions with world leaders this week, but first he celebrated his 80th birthday by watching a sport that’s more brutal and bloody than politics. Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOUS and Iran Agree to Deal Halting War That Shook Middle EastTrump Eyes Sunday Iran Deal But Tehran Says Still Reviewin

Goldman Sachs resets Apple stock forecast after WWDC
TheStreet60d agoneutral
Goldman Sachs resets Apple stock forecast after WWDC

Apple has spent years trying to convince investors that its next major growth story will not depend only on a new iPhone. That effort has become more urgent as artificial intelligence reshapes the technology industry, with rivals including Google, Microsoft, OpenAI, and Meta moving faster with ...

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker
Reuters61d agoneutral
Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? ‌And if not, what should replace it? The IPO, the biggest in U.S. history, vaulted SpaceX's value above two Mag 7 members: ‌CEO Elon Musk's other company, Tesla, and Meta Platforms. With SpaceX's arrival, "it becomes very hard to keep using Mag 7 as the clean shorthand for market leadership because one of the most important companies in the world would immediately be outside the label," said Shay Boloor, chief market strategist at Futurum Equities.

The Great, Big, Boring SpaceX IPO
Barrons.com62d agoneutral
The Great, Big, Boring SpaceX IPO

The SpaceX initial public offering was expected to deliver exciting twists and turns, fireworks, and flare-ups—the kind of drama usually reserved for a summer thriller. The public debut of SpaceX—officially Space Exploration Technologies — portended different things to different investors but was significant for all. To others, it represented a gateway to an artificial intelligence-fueled utopia, in which SpaceX is worth trillions.

Meta's Zuckerberg admits 'mistakes' made on AI transformation
Reuters62d agoneutral
Meta's Zuckerberg admits 'mistakes' made on AI transformation

Meta CEO Mark Zuckerberg has ‌said that the social media ‌giant has made mistakes on its AI ​transformation, in an internal memo seen by Reuters. In the memo, Zuckerberg describes the rapid advances in AI ‌and the ⁠challenges bought on by the boom in the technology, ⁠as well as how it has affected the company. "Given the complexity ​of these ​changes, we've ​made mistakes and ‌will almost certainly make more," Zuckerberg said, adding that he is also "focused on providing as much stability as possible" going forward.

How Other Mega IPOs Traded on Day One
The Wall Street Journal62d agoneutral
How Other Mega IPOs Traded on Day One

SpaceX shares are up more than 20% in their market debut, right in the range of first-day “pops” bankers like to see. Not every big IPO has gone so smoothly. Meta, then known as Facebook, went public in 2012 and closed up just 0.

SpaceX Holds Most IPO Gains; It's Already The Sixth-Largest Company
Investor's Business Daily62d agoneutral
SpaceX Holds Most IPO Gains; It's Already The Sixth-Largest Company

Shares of SpaceX traded around the middle of Friday's price range, as the most hyped IPO in years finally arrived in the broad stock market and immediately became one of the largest companies in the world. The IPO raised $75 billion, making it the largest initial public offering in history. It also values the company at roughly $1.8 trillion initially.

SpaceX, Anthropic, and OpenAI’s hot IPO summer
TechCrunch62d agoneutral
SpaceX, Anthropic, and OpenAI’s hot IPO summer

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]

Lessons the Nasdaq learned from the Facebook IPO for SpaceX's
Yahoo Finance Video62d agoneutralVIDEO
Lessons the Nasdaq learned from the Facebook IPO for SpaceX's

SpaceX (SPCX) is finally off to the races and publicly trading after its historic IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Market Catalysts Host Julie Hyman and Yahoo Finance Executive Editor Brian Sozzi to discuss the lessons his company has learned from Facebook's — now Meta Platforms (META) — own IPO in 2012.