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Bloomberg51d agobullish
Big Tech’s AI Spending Spree Is Making Stock Buybacks Disappear

(Bloomberg) -- The artificial-intelligence race is becoming so expensive that it’s snuffing out one of the key forces that has helped keep Big Tech stocks soaring for years: steady share buybacks.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USApple Plans Camera AirPods Alongside Upgrad

Turbocharged Earnings Are Pushing Stocks Higher. There’s a Catch.
The Wall Street Journal51d agoneutral
Turbocharged Earnings Are Pushing Stocks Higher. There’s a Catch.

The stock market is salivating over big increases in corporate earnings, but there’s a catch. Analysts expect S&P 500 companies’ earnings growth to top 20% for a second consecutive quarter in the current period, in part because of soaring profits by semiconductor makers and other AI-infrastructure companies. This combination has worked wonders for corporate earnings broadly.

Meta (META) Faces AI Support Breach As Key Internal AI Executive Exits
Simply Wall St.51d agoneutral
Meta (META) Faces AI Support Breach As Key Internal AI Executive Exits

Meta Platforms confirmed that attackers exploited its AI-powered customer support chatbot to take control of several high-profile Instagram accounts. The incident revealed a security weakness in how generative AI tools are integrated into sensitive support workflows. In a separate development, a senior executive overseeing Meta's internal AI initiatives is leaving the company during an extensive AI transition. For investors tracking Meta Platforms (NasdaqGS:META), this security breach lands...

NEA’s Tiffany Luck says enterprises are still figuring out their AI ROI
TechCrunch51d agoneutral
NEA’s Tiffany Luck says enterprises are still figuring out their AI ROI

Tokenmaxxing was the hottest trend in Silicon Valley earlier this year, with CEOs encouraging employees to push AI usage as far as it would go. Then the bill came due. Uber reportedly blew through its annual AI budget in a few months, some companies cut Claude licenses for parts of their org, and Meta killed its internal leaderboard. This tension between […]

Nasdaq, US stocks slide as Fed forecasts possible rate hike
Yahoo Finance Video51d agoneutralVIDEO
Nasdaq, US stocks slide as Fed forecasts possible rate hike

US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.

Boring, quiet & crushing the market for the last 5 years
TheStreet52d 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 ...

How SpaceX and 'MANGOS' are fueling the latest ETF trends
Yahoo Finance Video52d agoneutralVIDEO
How SpaceX and 'MANGOS' are fueling the latest ETF trends

AllianceBernstein Global head of ETF strategy and partnerships, Julie Gunts, joins Yahoo Finance to explain how "MANGOS" stocks — Meta (META), Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG, GOOGL), OpenAI (OPAI.PVT), and SpaceX (SPCX) — are ushering in the latest trends in exchange-traded funds (ETFs).

Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs
TheStreet52d agobearish
Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs

Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company's significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure. These changes include Meta’s decision last year to axe ...

Reuters52d 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.