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Google and Meta denied new trial in youth social media addiction case, sources say
Reuters66d agoneutral
Google and Meta denied new trial in youth social media addiction case, sources say

A California state ‌court judge denied motions ‌by Meta Platforms and Google's YouTube ​seeking a new trial after a jury found them liable for designing social ‌media platforms ⁠that are harmful to young people, sources ⁠familiar with the ruling confirmed on Wednesday. Los ​Angeles Superior Court ​Judge ​Carolyn Kuhl ‌ruled on the motions on Tuesday, according to court documents.

Wall Street Is Missing the Bigger Picture: Why This Historically Cheap Advertising Juggernaut Is a No-Brainer Buy Right Now
24/7 Wall St.66d agoneutral
Wall Street Is Missing the Bigger Picture: Why This Historically Cheap Advertising Juggernaut Is a No-Brainer Buy Right Now

Meta Platforms (NASDAQ:META) is a stock worth owning for decades because its grip on global advertising attention, fortress balance sheet, and cash generation machine make it one of the few mega caps built to compound through every market cycle. The starting point for the forever case is scale that cannot be replicated. Across Facebook, Instagram, ... Wall Street Is Missing the Bigger Picture: Why This Historically Cheap Advertising Juggernaut Is a No-Brainer Buy Right Now

LinkedIn launches new effort in push to capture business advertisers
Reuters67d agoneutral
LinkedIn launches new effort in push to capture business advertisers

LinkedIn is aiming to burnish its position as a go-to platform for business advertisers with a new team of marketing experts ‌that it expects to generate an annualized run rate of $100 million next fiscal year, ‌a source familiar with the matter said. The Microsoft-owned platform on Wednesday unveiled BrandWorks, the newly assembled team that aims ​to deliver higher-performing ad campaigns for customers ranging from software giant SAP to privately held website hosting platform Webflow. "We're developing services that are designed to meet the marketer where they are," said Alex Josephson, VP of BrandWorks, who previously built a similar offering called Twitter Next.

Micron Adds AI Veteran To Board As Valuation Stretches On Hot Rally
Simply Wall St.67d agobullish
Micron Adds AI Veteran To Board As Valuation Stretches On Hot Rally

Micron Technology (NasdaqGS:MU) has added Dr. Alexis Black Björlin to its board of directors. Dr. Black Björlin is an experienced AI and semiconductor executive with prior leadership roles at NVIDIA, Meta, Broadcom, and Intel. The appointment brings deeper expertise in AI infrastructure, cloud platforms, and advanced semiconductor hardware to Micron’s governance bench. Micron Technology, trading at a recent share price of $935.89, has been one of the more intensely watched AI hardware...

Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says
Reuters67d agoneutral
Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says

Morgan Stanley forecasts AI-related global debt issuance to more than double ‌to nearly $570 billion in 2026, pointing to ‌rising bond supply and credit market activity as hyperscalers turn ​to alternative funding sources to meet massive AI-driven capex needs. Here are some details: • Tech companies that have long relied on strong cash flows are ‌increasingly turning to ⁠debt financing as investment needs surge • Morgan Stanley estimates AI-related global debt issuance ⁠stood at nearly $236 billion as of May 31, 2026, fourfold more than the same period last ​year • Hyperscalers ​Alphabet, Amazon, Microsoft and ​Meta are expected to ‌spend $700 billion in outlays this year • Morgan Stanley ex...

Bloomberg67d agoneutral
TSMC’s Monthly Sales Rise 30% Thanks to Sustained AI Chip Demand

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 30% rise in its monthly sales, reflecting continued strength in demand spurred by a global rush to build AI infrastructure. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapSurface Naval Drone Rescued Downed US Apache

SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls
24/7 Wall St.67d agoneutral
SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

The VanEck Semiconductor ETF (NYSEARCA:SMH) closed Friday at $599, capping a stretch in which SMH has returned roughly 146% over the past year and tacked on nearly 20% in May alone. SMH is up about 66% year to date, and the rally has been driven less by NVIDIA than most holders assume. Because the fund ... SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

Best Buy bets big on controversial partner
TheStreet67d agobullish
Best Buy bets big on controversial partner

It wasn’t all that long ago that smart glasses and VR headsets felt like something straight out of an episode of an episode “The Jetsons” or a science fiction novel, not something you could find on store shelves. Now, not only can you buy these wearable computers, but you can actually try them on ...

The Capex Signal That Will Make or Break IGPT in the Next 12 Months
24/7 Wall St.67d agoneutral
The Capex Signal That Will Make or Break IGPT in the Next 12 Months

The Invesco AI and Next Gen Software ETF (NASDAQ:IGPT) has had the kind of stretch that turns a niche thematic fund into a portfolio anchor: shares are around $100, up roughly 68% year to date and 121% over the past year. The fund tracks the STOXX World AC NexGen Software Development Index, powered by a ... The Capex Signal That Will Make or Break IGPT in the Next 12 Months

Louis Navellier says avoid IPO FOMO with five hidden AI plays
TheStreet67d agoneutral
Louis Navellier says avoid IPO FOMO with five hidden AI plays

During this week of trading, with the heated anticipation of the SpaceX initial public offering (IPO), it’s particularly important for investors to remember the Facebook IPO. Investors were clamoring. It was the biggest event on Wall Street in decades. The stock was priced at $38. By August, it ...

JPMorgan resets Broadcom stock price target
TheStreet67d agoneutral
JPMorgan resets Broadcom stock price target

When a Wall Street heavyweight tells you a $1.8 trillion company still looks cheap, it's worth slowing down to understand why. That's roughly the message coming out of JPMorgan (JPM) this month. Fresh off Broadcom's latest earnings, the bank didn't just nudge its outlook higher. It made a ...

Meta Weighs AI Growth Plans Against Regulatory Pressure And Valuation Upside
Simply Wall St.67d agoneutral
Meta Weighs AI Growth Plans Against Regulatory Pressure And Valuation Upside

Meta Platforms (NasdaqGS:META) is launching a US$115 million America's Workforce Academy to train workers for data center and AI infrastructure roles across the United States. The company is partnering with industry associations to roll out the program nationwide as demand for skilled technical labor in data centers grows. Meta is also expanding in-store Meta Lab experience zones with Best Buy to give shoppers hands-on access to its AI hardware products. In Europe, the EU Commission has...