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Bloomberg13d agoneutral
Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks

(Bloomberg) -- The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc. and Tesla Inc. are casting doubt on the durability of the artificial intelligence trade that has powered the stock market for more than three years.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of

The Magnificent Seven Are Tumbling
The Wall Street Journal13d agoneutral
The Magnificent Seven Are Tumbling

$888.2 billion That's how much the Mag Seven tech stocks have collectively lost in market value today, as of midday trading. It's the biggest one-day market cap decline for those names since the tariff turmoil of April 2025.

Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild
24/7 Wall St.13d agoneutral
Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild

Jimmy Chang, Chief Investment Officer at Rockefeller Global Family Office, used CNBC’s Closing Bell Overtime to deliver a pointed warning ahead of Big Tech earnings: the record AI CapEx cycle may already be masking an overbuild that markets have not yet learned to see. Chang argued that strong earnings are already priced in and the ... Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild

Investing.com13d agoneutral
Did Google and Tesla just break AI trade’s bull case?

Investing.com -- Alphabet burned $5.9 billion in free cash flow in the second quarter of 2026—its first cash burn on record. Tesla burned another $1.1 billion. Together, the two reports have crystallized a fear that has been building all year: Big Tech's AI infrastructure build-out is consuming capital faster than it can generate returns.

IBM may be caught up in latest bout of AI volatility: 'Don't concentrate in any one theme'
Yahoo Finance Video14d agoneutralVIDEO
IBM may be caught up in latest bout of AI volatility: 'Don't concentrate in any one theme'

IBM (IBM) lowered its full-year sales out after falling short of second quarter earnings and revenue estimates. The stock is down nearly 30% year-to-date in 2026. Northwestern Mutual Wealth Management Company CIO Brent Schutte joins Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss the latest round of AI volatility that the chipmaker may be caught up in.

Weak housing market hurts big and bulky last-mile delivery
FreightWaves14d agoneutral
Weak housing market hurts big and bulky last-mile delivery

Last-mile delivery of big items is slowing down as fewer houses change hands in a difficult real estate market. Carriers are trying to beat competitors in a slowing market with top-notch service and technology, but also need more scale to deal with vertically integrated retailers. The post Weak housing market hurts big and bulky last-mile delivery appeared first on FreightWaves.

Investing.com14d agoneutral
Yelp stock pops 8% as OpenAI licensing deal brings reviews to ChatGPT

Investing.com -- Yelp Inc. (NYSE: YELP) shares surged 8% Thursday following an Axios report that the local search pioneer has struck a strategic content-licensing deal with OpenAI. The partnership embeds Yelp’s massive database of reviews, ratings, photos, and business details directly into ChatGPT responses for local queries. Under the agreement, ChatGPT users will see official Yelp branding, back-links, and access to Yelp’s high-margin "Request a Quote" feature—allowing users to message local

E-Commerce Update - Accelerating Growth Transforming Global Fulfillment Services
Simply Wall St.14d agoneutral
E-Commerce Update - Accelerating Growth Transforming Global Fulfillment Services

The global e-commerce fulfillment services market is projected to grow from USD 154.11 billion in 2026 to USD 304.04 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.73%. Key drivers of this growth include advancements in artificial intelligence, warehouse automation, and distributed omnichannel networks, which enhance delivery speed, cost management, and customer service. The market is evolving with a focus on balancing factors such as delivery resilience, regulatory...

Google’s AI Spending, Rising Oil Prices Spell Trouble for Stocks
Barrons.com14d agoneutral
Google’s AI Spending, Rising Oil Prices Spell Trouble for Stocks

Stocks are facing their first major test of the summer on Thursday following another surge in global crude prices and a big bump higher in spending plans from Google parent Alphabet. Alphabet topped Wall Street’s heady earnings forecasts, with revenue rising firmly to just under $120 billion, but said its 2026 capex would rise to $205 billion, more than double last year’s tally. Shares in the company, which carries a market cap of more than $4.1 trillion, are set to open lower along with fellow Magnificent Seven peer Tesla, which posted its first negative free cash flow in more than two years.