Author: Advanced AI Editor
The S&P 500 has become a lopsided index, with the Magnificent Seven significantly increasing risk exposure for investors, according to Apollo chief economist Torsten Sløk. As the paths of the Magnificent Seven begin to diverge and the AI bubble swells, Sløk argues it’s time to begin questioning which AI companies to invest in. It’s time to question the soundness of continued zealous investment in the Magnificent Seven, one top economist warns. The S&P 500 has become “extremely concentrated,” with the top 10 stocks contributing 54% of market returns since January 2021, Apollo chief economist Torsten Sløk said in a Friday…
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of President Donald Trump’s second term in Washington, DC, January 20, 2025. – Evelyn Hockstein/Reuters/File Meta CEO Mark Zuckerberg is on a mission for his company to be the first to reach so-called artificial superintelligence — generally considered to mean AI that’s better than all humans at all knowledge work. It’s a nebulous and likely far-out concept that some analysts say may not immediately benefit the company’s core business. Yet Zuckerberg is shelling out huge sums to build an all-star team of researchers and engineers to beat…
Online advertising giant Alphabet (NASDAQ:GOOGL) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 13.8% year on year to $96.43 billion. Is now the time to buy GOOGL? Find out in our full research report (it’s free). Revenue: $96.43 billion vs analyst estimates of $93.98 billion (2.6% beat) Operating Profit (GAAP): $31.27 billion vs analyst estimates of $31.09 billion (0.6% beat) EPS (GAAP): $2.31 vs analyst estimates of $2.18 (5.7% beat) Google Search Revenue: $0.02 vs analyst estimates of $52.92 billion (2.4% beat) Google Cloud Revenue: $0.04 vs analyst estimates of $13.12 billion (3.8% beat) YouTube…
Nevoya, an all-electric trucking company, has secured $9.3 million in seed financing led by Lowercarbon Capital, with participation from Floating Point, LMNT Ventures, and existing investors Third Sphere, Stepchange, and Never Lift. The San Francisco-based company recently announced the funding as it looks to position itself to redefine logistics through AI and workflow automation. The investment comes as the global electric truck market is projected to reach $125 billion by 2030. For Nevoya, it looks to demonstrate that zero-emissions trucking can outperform traditional diesel operations both environmentally and economically. “We don’t just move freight—we embed ourselves in our customers’ operations,…
An image of Sam Altman in front of a blue background_ Image by jamesonwu1972 via Shutterstock_ Sam Altman, CEO of OpenAI, is recognized globally as a leading voice in artificial intelligence (AI) and a key architect of its rapid advancement. His recent comments on President Donald Trump’s influence over AI policy reveal both a respect for the complexity of the decisions ahead and an appreciation for Trump’s adaptability in the face of technological change. Altman stated in the Bloomberg interview, “I think he will get to make some of the most important decisions anyone in the world has gotten to…
You’ve read about it all over, including in Fortune Intelligence. Maybe you or friends have been impacted: artificial intelligence is already transforming work, not least hiring and firing. Nowhere is the impact more visible than in the labor market. The technology industry, the original epicenter of AI adoption, is now seeing many of its own workers displaced by the very innovations they helped create. Employers, racing to integrate AI into everything from cloud infrastructure to customer support, are trimming human headcount in software engineering, IT support, and administrative functions. The rise of AI-powered automation is accelerating layoffs in the tech…
We recently published 14 Stocks Jim Cramer Discussed As He Went “All In” On Quantum Computing. International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed. International Business Machines Corporation (NYSE:IBM) is one of Cramer’s favorite technology stocks. Throughout this year, the CNBC TV host has expressed optimism about the firm’s CEO and the firm’s consistency in winning contracts for its enterprise computing business. International Business Machines Corporation (NYSE:IBM)’s shares fell by 7.6% after the firm’s latest earnings report saw software revenue of $7.39 billion miss analyst estimates of $7.43 billion. Cramer discussed the earnings report:…
Alphabet Inc. (NASDAQ:GOOGL) ranks among the best magic formula stocks to invest in. Robby Stein, VP of Product at Google Search, announced that Alphabet Inc. (NASDAQ:GOOGL)’s Google will begin implementing new, complex AI features into its Search engine on July 16. Alphabet (GOOGL) Unveils New AI Search Features for Advanced Research and Problem-Solving The update includes Deep Search for sophisticated thinking and research, as well as Gemini 2.5 Pro, Google’s most advanced model to date, in its AI Mode. AI Pro and AI Ultra subscribers are the first to have access to these features. In AI Mode, users can now…
International Business Machines Corporation (NYSE:IBM) is one of the AI Stocks Making Waves on Wall Street. On July 24, Bank of America reiterated the stock as “Buy” and lowered the firm’s price target on IBM (IBM) to $310 from $320 following a “mixed quarter.” The bank said that IBM is well-positioned for growth following its most recent financial report. The company reported adjusted earnings per share of $2.80 for the quarter, beating the LSEG estimate of $2.64. Meanwhile, revenue came in at $16.98 billion, ahead of the expected $16.59 billion. “IBM reported a mixed quarter, where organic software deceleration was offset…
(Bloomberg) — Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division. Most Read from Bloomberg South Korea’s largest company announced on Monday that it secured the 22.8 trillion won chipmaking agreement, which will run through the end of 2033. The plan is for an upcoming plant in Taylor, Texas, to produce Tesla’s next-generation AI6 chip, Tesla chief Elon Musk said on X, confirming a Bloomberg News report. Samsung’s Seoul-traded shares rose 6.8% to their highest since September, while its suppliers like Soulbrain Co. jumped…