Investors have shifted their appetite from tech and megacaps into sectors that have been playing “catch-up” and benefiting from AI-fueled investments. Stocks broke a two-week losing streak on Friday, but year to date, Tech (XLK) and Consumer Discretionary (XLY), along with Financials (XLF), remain negative. “Money’s coming out of this big behemoth. Money’s moving out […]
In recent years, AI platforms have shifted from being a new and unexplored technology to an everyday tool for most Americans. Whether you need a quick recipe based on the ingredients in your cabinet, a workout plan, or ideas for date night, the answers can be generated in seconds right from a smartphone. Many are […]
(Bloomberg) — For years, loading up on the biggest US technology stocks delivered a steady stream of riches — and avoiding them was a surefire ticket to the unemployment rolls. In 2026, the opposite has been true. Mutual fund managers who cut exposure to the volatile tech stocks that have roiled markets this year have […]
Nvidia (NVDA) has sealed an expanded, multi-year data center agreement with Meta (META) that will see the chipmaker supply the social media giant with millions of its Blackwell and Rubin GPUs. And while that was certainly the splashiest part of the Tuesday news, the companies said the agreement will also see Meta roll out Nvidia […]
OpenAI is close to finalizing the first phase of a new funding round that is likely to bring in more than $100 billion, according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools. As the ChatGPT maker prepares to spend […]
Illinois Governor JB Pritzker is seeking to temporarily halt incentives for data centers in a bid to contain soaring power bills. Pritzker, a Democrat seeking his third term as governor, wants to implement a two-year moratorium on new state-issued tax credits for data centers, he said during his budget address on Wednesday. He also urged […]
Shares in Asia were higher on Wednesday, with Japan’s benchmark gaining more than 1% after a quiet finish for U.S. stocks. Most markets in Asia stayed closed for Lunar New Year holidays. U.S. futures were flat and oil prices edged higher. In Tokyo, the Nikkei 225 added 1.2% to 57,249.43 by midday as lawmakers prepared […]
Powerlaw Corp., a fund that owns stakes in Anduril Industries Inc., SpaceX, OpenAI and Anthropic PBC, is filing to sell shares in New York, giving retail investors a shot at profiting from some of the biggest private companies in artificial intelligence, defense and space. The fund is part of Powerlaw Capital Group, a platform run […]
The stock market just got a look at how disruptive investor concerns over AI could become across multiple industries. What began as a shake-up in software stocks spread to the wealth management, transportation, and logistics industries last week, raising questions about just how deeply AI could transform not only tech but also high-fee service businesses. […]
Elon Musk’s SpaceX and its wholly-owned subsidiary xAI are competing in a secret new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, Bloomberg News reported on Monday, citing people familiar with the matter. SpaceX, xAI and the Pentagon’s defense innovation unit did not immediately respond to requests for comment. Reuters could not independently verify […]
A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in the making: A shortage of memory chips is beginning to hammer profits, derail corporate plans and inflate price tags on everything from laptops and smartphones to automobiles and data centers — and the crunch is […]
The stock market just got a look at how disruptive investor concerns over AI could become across multiple industries. What began as a shake-up in software stocks spread to the wealth management, transportation, and logistics industries last week, raising questions about just how deeply AI could transform not only tech but also high-fee service businesses. […]
