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Foxconn Posts Strong Results on AI Hardware Sales
The Wall Street Journal88d agoneutral
Foxconn Posts Strong Results on AI Hardware Sales

Foxconn Technology Group reported robust first-quarter revenue and profit as it ramped up production of server racks, other advanced equipment and consumer devices for the global artificial-intelligence buildout.

AI Bond Binge Overwhelms Wall Street, Pushes Alphabet Abroad
Bloomberg88d agoneutral
AI Bond Binge Overwhelms Wall Street, Pushes Alphabet Abroad

(Bloomberg) -- Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboThis

Anthony Scaramucci Says Bitcoin Poised To Follow The S-Curve Of Adoption Like Amazon, Microsoft: 'Cannot Be Devalued'
Benzinga88d agoneutral
Anthony Scaramucci Says Bitcoin Poised To Follow The S-Curve Of Adoption Like Amazon, Microsoft: 'Cannot Be Devalued'

SkyBridge Capital founder Anthony Scaramucci suggested on Wednesday that Bitcoin (CRYPTO: BTC) is tracing an adoption path akin to that of Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT). Scaramucci Says Bitcoin Can’t Be ‘Devalued’ During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people trust it. Bitcoin, he added, is an improved version, which happens to be “an open, transparent, fully

Is Walmart (WMT) One of the Best Stocks to Buy Now for a $1 Million Portfolio?
Insider Monkey88d agobullish
Is Walmart (WMT) One of the Best Stocks to Buy Now for a $1 Million Portfolio?

Walmart Inc. (NASDAQ:WMT) is included among the 10 Best Stocks to Buy Now for a $1 Million Portfolio. On May 13, Reuters reported that Walmart Inc. (NASDAQ:WMT) eliminated 1,000 roles as the retailer continues simplifying its operating structure, according to a source familiar with the matter. Under CEO John Furner and a reshaped leadership team, […]

Marvell Stock Pops. Why Wall Street Sees Upside.
Barrons.com89d agoneutral
Marvell Stock Pops. Why Wall Street Sees Upside.

While chip makers Intel and Micron have been getting all the love in recent days, Marvell got a nice bounce Wednesday after analysts at BofA and Goldman Sachs raised their price targets for it. Marvell shares closed up 8.2% to $177.95, for a new record high. The stock is up more than 100% in 2026 on high demand for its chips and partnerships with Big Tech hyperscalers like Amazon and Microsoft It has had 12 record closes in 2026, with the last one on May 6.

Bloomberg89d agoneutral
Amazon Puts Alexa Inside the Shopping Search Bar in AI Push

(Bloomberg) -- Artificial intelligence algorithms are coming to some of the most valuable real estate in retail: the Amazon.com Inc. search bar.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in LimboQueries typed into Amazon’s website and mobile app will soon reply, depending on the co

UPS Weighs Amazon Competition Against Valuation Gap And Healthcare Focus
Simply Wall St.89d agoneutral
UPS Weighs Amazon Competition Against Valuation Gap And Healthcare Focus

Amazon has launched Amazon Supply Chain Services, putting it in direct competition with United Parcel Service (NYSE:UPS) in global logistics. UPS is accelerating its exit from lower margin Amazon delivery volumes following this development. The company is planning significant job cuts and putting more focus on its healthcare logistics operations. UPS is one of the largest parcel delivery and logistics companies, and Amazon moving further into end to end logistics changes the competitive...

Amazon.com Inc. (AMZN): Chris Rokos Trims Exposure
Insider Monkey89d agoneutral
Amazon.com Inc. (AMZN): Chris Rokos Trims Exposure

We just covered the Chris Rokos Stock Portfolio: Top 10 Stock Picks and Amazon.com, Inc. (NASDAQ:AMZN) ranks 3rd on this list. Amazon.com, Inc. (NASDAQ:AMZN) has been a staple in the 13F portfolio of Rokos Capital Management since the fourth quarter of 2020. Back then, this position comprised 2.3 million shares. By the following quarter, the […]

Investing.com89d agoneutral
SAP’s AI push at Sapphire fails to spark stock rebound

Investing.com -- SAP shares are down 4.7% on Wednesday to their lowest level in over two years, even as the German software giant used its annual Sapphire conference to lay out an ambitious artificial intelligence roadmap, with investors apparently wanting more immediate evidence of monetization.