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The Kiplinger Letter Says Almost None of the GDP Growth Washington Is Celebrating Actually Came From AI and for Investors the Implications Are Uncomfortable
24/7 Wall St.91d agoneutral
The Kiplinger Letter Says Almost None of the GDP Growth Washington Is Celebrating Actually Came From AI and for Investors the Implications Are Uncomfortable

The Kiplinger Letter’s argument is uncomfortable for anyone overweight artificial intelligence: almost none of the GDP growth Washington has been celebrating actually came from AI. The mechanics are counterintuitive. When hyperscalers buy NVIDIA chips manufactured by TSMC in Taiwan and servers assembled overseas, that spending lands in the import column, which subtracts from GDP. The ... The Kiplinger Letter Says Almost None of the GDP Growth Washington Is Celebrating Actually Came From AI and f

Commonwealth Bank of Australia names Mary-Anne Williams as chief AI scientist
Reuters91d agoneutral
Commonwealth Bank of Australia names Mary-Anne Williams as chief AI scientist

Commonwealth Bank of Australia on Monday appointed Mary-Anne Williams as ‌its chief AI scientist in what the ‌bank said would be the first such role at ​an Australian lender. Williams would join from the University of New South Wales, where she serves as the deputy director of the varsity's AI ‌Institute, among ⁠other roles. CBA did not say when Williams would join.

Fidelity National Information Services (FIS) Supply Chain Finance Platform Selected by Glencore for $2.55B Program
Insider Monkey92d agoneutral
Fidelity National Information Services (FIS) Supply Chain Finance Platform Selected by Glencore for $2.55B Program

Fidelity National Information Services Inc. (NYSE:FIS) is one of the best low priced technology stocks to buy according to hedge funds. On May 12, FIS announced that its Supply Chain Finance Platform, formerly known as Demica, was selected by Glencore PLC to power an inaugural $2.55 billion trade receivables securitization program for its oil and […]

Kenya Setback Tests Microsoft Azure Growth Plans And Valuation Story
Simply Wall St.92d agoneutral
Kenya Setback Tests Microsoft Azure Growth Plans And Valuation Story

Microsoft's planned geothermal powered Azure data center project in Kenya has stalled after talks with the Kenyan government broke down over payment guarantees. The East Africa build out, tied to Microsoft's cloud partnership with G42, is now uncertain as the company reassesses its approach to expanding Azure in emerging markets. The project had been framed as a way to extend cloud access across East Africa using renewable energy and new regional infrastructure. For investors tracking...

The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit
24/7 Wall St.92d agoneutral
The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

A 58-year-old engineer in Palo Alto, married filing jointly, earns $750,000 a year, has already stuffed $4 million into 401(k)s and IRAs, and parks another $1.2 million in a brokerage account that holds a single S&P 500 fund. The 401(k) is maxed. The mega backdoor Roth is maxed. The next tax dollar saved has to ... The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

Volatile Chipmaker Stocks Emerge as Key Driver of S&P 500 Rally
Bloomberg92d agobullish
Volatile Chipmaker Stocks Emerge as Key Driver of S&P 500 Rally

(Bloomberg) -- Shares of chipmakers are increasingly dominating the S&P 500 Index, powering stocks to record highs while stirring concerns over the rally’s durability. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimHow Keir Starmer Imploded and Plunged Britain Into More ChaosA selloff on Frida

OneStream (OS) Valuation Check After Expanded Microsoft AI Partnership News
Simply Wall St.93d agobullish
OneStream (OS) Valuation Check After Expanded Microsoft AI Partnership News

OneStream (OS) stock is back in focus after the company and Microsoft outlined a multi year plan to expand their AI collaboration for finance teams, centered on Azure and Microsoft 365 integrations. See our latest analysis for OneStream. At a US$24.00 share price, OneStream has seen stronger momentum over longer periods, with a 90 day share price return of 30.51% and a year to date share price return of 35.44%, while the 1 year total shareholder return stands at 32.74%. Recent attention is...

Bill Ackman discloses new $2.09 billion stake in megacap tech stock
TheStreet93d agoneutral
Bill Ackman discloses new $2.09 billion stake in megacap tech stock

Bill Ackman posted on X on May 15 that Pershing Square had taken a new position and that the 13F filing due later that day would reveal the details. He described the company as sitting at a "highly compelling valuation." He said he started buying in February. When the filing landed, the position ...

NANC Traders Beat the Crowd by 33 Points and the Difference Keeps Growing
24/7 Wall St.93d agobullish
NANC Traders Beat the Crowd by 33 Points and the Difference Keeps Growing

Two unconventional ETFs promise to monetize information edges that traditional fund managers ignore. The Unusual Whales Subversive Democratic Trading ETF (NASDAQ:NANC) mirrors stocks disclosed by Democratic members of Congress under the STOCK Act, while the VanEck Social Sentiment ETF (NYSEARCA:BUZZ) uses natural language processing to score social media chatter around large-cap US stocks. Both test ... NANC Traders Beat the Crowd by 33 Points and the Difference Keeps Growing

The Staggering Number Jensen Huang Just Revealed Changes Everything About AI
24/7 Wall St.93d agoneutral
The Staggering Number Jensen Huang Just Revealed Changes Everything About AI

The U.S. electricity grid hasn’t faced a demand shock like this since the post-World War II industrial boom. For decades, power consumption grew at a sleepy 1% to 2% annually. Then came data centers. Then came AI. And now, if Nvidia (NASDAQ:NVDA) CEO Jensen Huang is right, we haven’t seen anything yet. So here’s the ... The Staggering Number Jensen Huang Just Revealed Changes Everything About AI