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Google forced to make costly AI fix after companies crashout
TheStreet72d agobearish
Google forced to make costly AI fix after companies crashout

It is only May, and some of the world's largest companies have already burned through their entire annual AI budget. That is not a projection. That is what enterprise CIOs are telling each other right now. Google heard that conversation and decided to respond publicly, at its biggest event of the ...

Apple’s next AI test may not be Siri
TheStreet72d agoneutral
Apple’s next AI test may not be Siri

Apple (AAPL) doesn’t have to win the artificial intelligence model competition to win the next phase of AI. That's the bet underlying Bank of America's latest Apple call. Wamsi Mohan, an analyst at BofA, increased his price target on Apple to $380 from $330 and reiterated a Buy rating on May 26. ...

Is Meta Platforms, Inc. (META) In Trouble Over Financial Scams On Platforms?
Insider Monkey72d agoneutral
Is Meta Platforms, Inc. (META) In Trouble Over Financial Scams On Platforms?

Meta Platforms, Inc. (NASDAQ:META) is one of the top stocks to buy for the long-term. On May 21, Meta Platforms, Inc. (NASDAQ:META) received complaints from European Union consumer groups over claims it does little to protect users on its platform from financial scams. The European Consumer Organization BEUC and 29 member groups have already filed […]

The 10-Year Treasury Yield Approaching 5% Could Reshape SCHG’s Next 12 Months
24/7 Wall St.72d agoneutral
The 10-Year Treasury Yield Approaching 5% Could Reshape SCHG’s Next 12 Months

The Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) closed at around $34, capping a roughly 25% gain over the trailing twelve months and a roughly 5% advance in the past month alone. That rally has occurred against an uncomfortable backdrop: the 10-year Treasury yield just touched nearly 4.7%, the highest reading in the past year. For ... The 10-Year Treasury Yield Approaching 5% Could Reshape SCHG’s Next 12 Months

Claude AI Makes Bullish Case for Reddit (RDDT)
Insider Monkey72d agoneutral
Claude AI Makes Bullish Case for Reddit (RDDT)

We just covered the Claude Stock Portfolio: Top 10 Stocks to Buy According to AI Chatbot. Reddit Inc (NYSE:RDDT) ranks #5 (see Claude Stock Portfolio: Top 5 Stocks to Buy According to AI Chatbot). Number of Hedge Funds: 82 Claude picked Reddit Inc (NYSE:RDDT) as one of its top stock ideas despite Wall Street worries […]

Jim Cramer on Microsoft: “I Think My Nose Got This One Totally Wrong”
Insider Monkey72d agoneutral
Jim Cramer on Microsoft: “I Think My Nose Got This One Totally Wrong”

Microsoft Corporation (NASDAQ:MSFT) was among the stocks Jim Cramer discussed in this changing market. Cramer highlighted his disappointment with the stock, as he stated: How about, though, when I’m attracted to what looks like value? How about when I own Microsoft for the Charitable Trust, thinking, well, it’s gotta ignite, right? It’s cheap, it’s good, […]

Broadcom Deepens AI Infrastructure Role With US$36b Deal And FuriosaAI Pact
Simply Wall St.72d agoneutral
Broadcom Deepens AI Infrastructure Role With US$36b Deal And FuriosaAI Pact

Broadcom (NasdaqGS:AVGO) is backing a record US$36b AI infrastructure financing tied to Anthropic and Google, acting as a payment backstop and credit anchor. The financing relates to AI chips and infrastructure, positioning Broadcom as both a technology supplier and a financial supporter of large scale AI deployments. Broadcom has also entered a partnership with FuriosaAI to co-develop next generation rack scale AI inference solutions that draw on its AI networking and advanced packaging...

YMAG Bundles YieldMax’s Magnificent Seven Strategy Into One Ticker, And the NAV Decay Compounds Across All Seven
24/7 Wall St.73d agoneutral
YMAG Bundles YieldMax’s Magnificent Seven Strategy Into One Ticker, And the NAV Decay Compounds Across All Seven

The pitch behind YieldMax Magnificent 7 Fund of Option Income ETFs (NYSEARCA:YMAG) is intuitive: own all seven Magnificent Seven names through a single ticker, collect a fat weekly distribution, and let YieldMax run synthetic covered calls in the background. YMAG bundles seven single-stock YieldMax sleeves on Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA, and Tesla into ... YMAG Bundles YieldMax’s Magnificent Seven Strategy Into One Ticker, And the NAV Decay Compounds Across All Seven

Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
Reuters73d agobearish
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show

A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay ‌the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as ‌terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks ​before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.