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Robinhood shares rise on launch of new blockchain network
Proactive56d agoneutral
Robinhood shares rise on launch of new blockchain network

Robinhood Markets Inc (NASDAQ:HOOD) shares rose about 4% on Wednesday following the launch of Robinhood Chain, a new Ethereum-based layer-2 blockchain built using Arbitrum’s Orbit technology and designed to support tokenized assets and onchain financial products. The move marks a significant...

Reddit Vs. Chewy: The Better Buy Stock In 2026
24/7 Wall St.56d agobullish
Reddit Vs. Chewy: The Better Buy Stock In 2026

Reddit (NYSE: RDDT) and Chewy (NYSE: CHWY) just posted fresh quarters that read like opposite chapters of the same internet economy. Reddit is selling words, communities, and the data that trains AI models. Chewy is selling kibble, prescriptions, and recurring shipments. Both stocks have whipsawed in June, and both businesses now look very different under ... Reddit Vs. Chewy: The Better Buy Stock In 2026

Is OpenAI’s IPO a Hot Mess or Just Media Noise? Two Reporters Can’t Agree
24/7 Wall St.56d agoneutral
Is OpenAI’s IPO a Hot Mess or Just Media Noise? Two Reporters Can’t Agree

Ed Elson and tech reporter Alex Heath spent a recent segment of Prof G Markets arguing about the same set of facts and reaching almost opposite conclusions. Elson thinks OpenAI is a company drifting sideways while leaks about an IPO pile up. Heath thinks the leaks are the story, and most of them are being ... Is OpenAI’s IPO a Hot Mess or Just Media Noise? Two Reporters Can’t Agree

Trump Just Cleared Anthropic to Go Global, and Google DeepMind Should Be Sweating
24/7 Wall St.56d agoneutral
Trump Just Cleared Anthropic to Go Global, and Google DeepMind Should Be Sweating

Washington quietly reversed course on one of the more consequential AI export restrictions of the year, and the beneficiary happens to be the one U.S. lab most aggressively courting overseas customers. Bloomberg senior strategist Neil Campling flagged the shift on July 1. He called it a green light for Anthropic’s global push at the exact ... Trump Just Cleared Anthropic to Go Global, and Google DeepMind Should Be Sweating

The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
24/7 Wall St.56d agoneutral
The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It

The Magnificent 7 erased $2.3 trillion in market cap in June alone, the largest monthly loss ever for the group, even as the Nasdaq heads for its best quarter since 2020. CNBC’s MacKenzie Sigalos framed the split neatly on June 30: “the mag-7 erased 2.3 trillion in June alone, the largest monthly market cap loss ... The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It

Forget Super Micro Computer: Google Wins as AI Infrastructure Rotation Gains Momentum in July
24/7 Wall St.56d agobullish
Forget Super Micro Computer: Google Wins as AI Infrastructure Rotation Gains Momentum in July

Super Micro Computer (NASDAQ:SMCI) is dominating AI infrastructure headlines again this week, pitched as the cheap hardware proxy for the next leg of the datacenter buildout. The underlying data tells a different story. The rotation is already underway. Super Micro is down 14.79% over the past week and 41.02% over the past month, while capital ... Forget Super Micro Computer: Google Wins as AI Infrastructure Rotation Gains Momentum in July

Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers
Bloomberg56d agoneutralVIDEO
Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers

On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.

OpenAI reportedly proposes 5% government stake amid US AI talks
Proactive56d agoneutral
OpenAI reportedly proposes 5% government stake amid US AI talks

OpenAI (Unlisted:OPAI) has proposed giving the US government a 5% equity stake in the company as part of early discussions with the Trump administration, according to a Financial Times report citing people familiar with the matter. The reported proposal comes as leading artificial...

Forget Nvidia: Is Google Quietly About to Steal the Crown as the World’s Most Valuable Company?
24/7 Wall St.56d agoneutral
Forget Nvidia: Is Google Quietly About to Steal the Crown as the World’s Most Valuable Company?

NVIDIA (NASDAQ:NVDA) still wears the crown as the world’s most valuable company at roughly $4.78 trillion, and every AI headline runs through it. But look at what has been happening while everyone else stares at the headline. NVIDIA fell 12% in the past month, while Google (NASDAQ:GOOG) at a market cap of $4.38 trillion keeps ... Forget Nvidia: Is Google Quietly About to Steal the Crown as the World’s Most Valuable Company?

OpenAI Has a Plan for IPO Success: Get Trump Involved
Barrons.com56d agoneutral
OpenAI Has a Plan for IPO Success: Get Trump Involved

OpenAI already has a lineup of impressive investors ahead of its eagerly awaited initial public offering. OpenAI has talked about offering a 5% ownership stake to the U.S. government, potentially via a sovereign wealth fund, the Financial Times reported Thursday, citing people familiar with the talks. There would be a couple of potential benefits for OpenAI if the Trump administration were among its investors.

A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails
24/7 Wall St.56d agoneutral
A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails

Venu Krishna went on CNBC’s Closing Bell Overtime on June 30 and argued that the money fleeing Big Tech is running the wrong direction. His pitch: a PEG ratio below 1 for the Mag 7 excluding Tesla, roughly 30% earnings growth in Q1, and multiples that have already been marked down. “Everybody, when they think ... A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails

3 Top AI Stocks to Buy in July
24/7 Wall St.56d agobullish
3 Top AI Stocks to Buy in July

AI infrastructure spending is still the defining trade of 2026, but the leadership inside the trade keeps rotating. June reminded investors of that NVIDIA (NASDAQ:NVDA) slid nearly 12% over the past month, Microsoft (NASDAQ:MSFT) dropped nearly 17% and Broadcom (NASDAQ:AVGO) gave back nearly 20%. That pullback is the setup. Three names continue to compound the ... 3 Top AI Stocks to Buy in July

Italy's Intesa shifts core IT banking systems to Google's cloud technology
Reuters56d agoneutral
Italy's Intesa shifts core IT banking systems to Google's cloud technology

Italy's biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its ‌core IT systems, joining a handful of European banks that have ‌managed to move away from legacy technology. Replacing existing core IT infrastructure, known as ​mainframes, with cloud technology poses a major challenge to traditional banks. Legacy systems, often comprising multiple software stacks accumulated over time due to mergers, put high-street banks at a disadvantage versus cloud-native, challenger banks.

Top EU court dismisses Google appeal of $4.5 billion antitrust fine
Associated Press56d agobearish
Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court dismissed an appeal by Google over a landmark, 4.1 billion euro ($4.5 billion) antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. The case has been tangled up in courts since the European Commission announced the fine in 2018. “The appeal brought by Google and its parent company Alphabet against the judgment of the General Court is dismissed, thereby confirming the penalty imposed for Google Search’s abuse of a dominant position in the context of the Android operating system,” the Luxembourg-based judges wrote in their ruling.

How Axon is replacing guns with tech
Yahoo Finance Video56d agoneutralVIDEO
How Axon is replacing guns with tech

Axon founder and CEO Rick Smith sits down with Yahoo Finance Executive Editor Brian Sozzi to explore the company's wild evolution from a scrappy garage startup into a $40 billion public safety tech empire driven by tasers, AI, and drones, all united under a moonshot mission to make the bullet obsolete.