AMD's Data Center revenues surge 57% to a record $5.8B as AI infrastructure demand boosts EPYC and Instinct adoption across cloud and enterprise markets.
AMD's Data Center revenues surge 57% to a record $5.8B as AI infrastructure demand boosts EPYC and Instinct adoption across cloud and enterprise markets.
A drone boat picked up two US Army pilots from waters near the Strait of Hormuz after their helicopter gunship went down, US military officials said in interviews with various broadcast news outlets. The incident apparently represents the first time the US military has used a drone for such a rescue mission at sea. The two crew members from the US Army AH-64 Apache were “rescued by American forces...
A drone boat picked up two US Army pilots from waters near the Strait of Hormuz after their helicopter gunship went down, US military officials said in interviews with various broadcast news outlets. The incident apparently represents the first time the US military has used a drone for such a rescue mission at sea. The two crew members from the US Army AH-64 Apache were “rescued by American forces” at 7:33 pm US Eastern Time after their helicopter went down off the coast of Oman on June 8, according to a US Central Command press release . That press release mentioned support from US Navy units including the US 5th Fleet’s Task Force 59 , which is charged with integrating uncrewed aerial, surface, and underwater vehicles, alongside AI, into 5th Fleet maritime operations. Anonymous US military officials told CBS News that the Apache air crew was rescued by an uncrewed surface drone operated by Task Force 59 from the US Fifth Fleet in Bahrain. The officials also described the incident as the first time the military had used a drone to rescue people from the water. Read full article Comments
LewisTsePuiLung/iStock Editorial via Getty Images JPMorgan Chase ( JPM ) is overearning in terms of return on equity, with the Wall Street giant exceeding its 25% target for five years in a row, according to CFO Marianne Lake. Lake was speaking at the Morgan Stanley U.S. Financials Conference on Tuesday, June 9. She said they have had the benefits of macro tailwinds across the business, but the tw...
LewisTsePuiLung/iStock Editorial via Getty Images JPMorgan Chase ( JPM ) is overearning in terms of return on equity, with the Wall Street giant exceeding its 25% target for five years in a row, according to CFO Marianne Lake. Lake was speaking at the Morgan Stanley U.S. Financials Conference on Tuesday, June 9. She said they have had the benefits of macro tailwinds across the business, but the two major drivers would be deposits and credit. In terms of deposits, JPM has had a lot of excess cash on its balance sheet over the last five years. With deposit balances normalizing, the company expects modest growth from here, with margins at the top end of expectations. JPMorgan is marching towards a 15% share in deposits, according to the conference. On credit, card balances have normalized with charge-offs back to where they were pre-pandemic. Charge-offs in 2026 are expected to be at the low end of the 3.3%-3.6% range. When asked how the company is tackling issues on agentic commerce, Lake said, " I think that we should not allow ourselves, any of us when we're innovating, to underestimate the importance of customer protection." She said they are working to ensure that customer protection is at the front and center of everything, there are clear customer commissioning and humans in the loop for things that matter, there is transparency on what is being done by agents, and there is a liability framework that works. The biggest bank by assets plans to deploy AI agents that can operate autonomously for hours at a time later in 2026, Chief Analytics Officer Derek Waldron told CNBC News in an interview . JPMorgan has seen a 20% increase in gross sales because of AI tools. Individual bankers could expand client coverage by as much as 50%, according to the report published on Tuesday. When asked about the role of non-interest-bearing deposits, Lake said she thinks it will progress over time. JPMorgan is going to end up a net winner in that as the bank provides more value than...
YieldMax AI & Tech Portfolio Option Income ETF ( GPTY ) announces weekly distribution of $0.3237, -15.57% lower from the prior week's distribution of $0.3834. The annual distribution rate is 35.71%, The return of capital is 99.36%. Payable June 11; for shareholders of record June 10; ex-div June 10. Source: Press Release More on YieldMax® AI & Tech Portfolio Option Income ETF GPTY: Combining AI Ex...
YieldMax AI & Tech Portfolio Option Income ETF ( GPTY ) announces weekly distribution of $0.3237, -15.57% lower from the prior week's distribution of $0.3834. The annual distribution rate is 35.71%, The return of capital is 99.36%. Payable June 11; for shareholders of record June 10; ex-div June 10. Source: Press Release More on YieldMax® AI & Tech Portfolio Option Income ETF GPTY: Combining AI Exposure With Option-Premium Income GPTY Owns The Hottest AI Trade - That's The Problem YieldMax AI & Tech Portfolio Option Income ETF announces weekly distribution of $0.3834 ETFs tied to Marvell Technology rally after Huang's optimistic AI outlook Seeking Alpha’s Quant Rating on YieldMax® AI & Tech Portfolio Option Income ETF
The Nasdaq turned suddenly lower Tuesday morning. The Dow was down 276 points, or 0.5%. A majority of S&P 500 stocks were rising, but highflying semiconductor and optical networking stocks were suddenly dragging down the index, rather than lifting it.
The Nasdaq turned suddenly lower Tuesday morning. The Dow was down 276 points, or 0.5%. A majority of S&P 500 stocks were rising, but highflying semiconductor and optical networking stocks were suddenly dragging down the index, rather than lifting it.
The booth of Gold Electronic in Shanghai. Photo: IC Shares of energy-storage system maker Hangzhou Gold Electronic Equipment Co., Ltd. surged 624.6% in their debut on the Shenzhen Stock Exchange’s ChiNext board Tuesday, as investor enthusiasm for artificial-intelligence data centers spilled into the power-storage supply chain. The blockbuster listing underscores how the global buildout of AI infra...
The booth of Gold Electronic in Shanghai. Photo: IC Shares of energy-storage system maker Hangzhou Gold Electronic Equipment Co., Ltd. surged 624.6% in their debut on the Shenzhen Stock Exchange’s ChiNext board Tuesday, as investor enthusiasm for artificial-intelligence data centers spilled into the power-storage supply chain. The blockbuster listing underscores how the global buildout of AI infrastructure is accelerating demand for energy-storage equipment, prompting manufacturers to turn to capital markets to fund expansion.
iQoncept/iStock via Getty Images Citrini Research has updated its healthcare basket as the firm grows increasingly bullish on a recovery in life sciences, bioprocessing, and healthcare infrastructure stocks driven by both cyclical improvement and artificial intelligence-related tailwinds. The updated basket includes a mix of pharmaceutical companies, diagnostics firms, contract research organizati...
iQoncept/iStock via Getty Images Citrini Research has updated its healthcare basket as the firm grows increasingly bullish on a recovery in life sciences, bioprocessing, and healthcare infrastructure stocks driven by both cyclical improvement and artificial intelligence-related tailwinds. The updated basket includes a mix of pharmaceutical companies, diagnostics firms, contract research organizations, and life sciences tools providers that Citrini believes are positioned to benefit from recovering biotech funding, rising pharmaceutical M&A activity, and accelerating AI adoption across drug development. Among the stocks in the revised basket, Bristol-Myers Squibb Company ( BMY ), Agilent Technologies, Inc. ( A ), and Labcorp Holdings Inc. ( LH ) currently share the highest Seeking Alpha Quant Rating at 3.32. Thermo Fisher Scientific Inc. ( TMO ) and IQVIA Holdings Inc. ( IQV ) follow closely behind with ratings of 3.28 and 3.24, respectively. The basket reflects Citrini’s preference for the “picks-and-shovels” side of the healthcare ecosystem rather than more speculative AI-driven biotech names. The firm has argued that companies supplying bioprocessing equipment, diagnostics, manufacturing infrastructure, and clinical trial services may benefit regardless of whether AI-originated drug programs ultimately succeed commercially. Several of the companies included in the basket have already begun showing operational improvement. Citrini previously highlighted Danaher’s ( DHR ) Cytiva unit posting more than 30% year-over-year growth in bioprocessing equipment orders during the first quarter of 2026, while Repligen Corporation ( RGEN ) delivered three consecutive quarters of double-digit revenue growth. The report also pointed to growing pharmaceutical demand for acquisitions ahead of a looming patent cliff, with cumulative biotech deal value announced during the first quarter of 2026 already surpassing the total for all of 2024. Most of the names in the updated basket cur...
Getty Images American financial markets are on the cusp of several massive initial public offerings (IPOs). Even casual observers have familiarity with huge private tech companies like SpaceX, Anthropic, and OpenAI. Databricks and Stripe also carry massive valuations. The first two have already announced that they will begin to trade publicly with SpaceX ( SPCX ) opening on June 12th. The scale of...
Getty Images American financial markets are on the cusp of several massive initial public offerings (IPOs). Even casual observers have familiarity with huge private tech companies like SpaceX, Anthropic, and OpenAI. Databricks and Stripe also carry massive valuations. The first two have already announced that they will begin to trade publicly with SpaceX ( SPCX ) opening on June 12th. The scale of these new companies is without precedent. Based on publicly available information and recent private-market valuations, the top five firms are valued at nearly $4 trillion in aggregate . That's nearly 7% of the S&P 500 and Russell 1000 aggregate market caps. The vast majority of stock investors confine themselves to the public markets. The smart ones use a buy-and-hold strategy. Until now, they have been spectators to the well-publicized growth of privately held mega caps. At least two of those unicorns are graduating to the big leagues. Investors rightfully have questions about the impact of these IPOs on the 15 trillion of assets that are invested in US index funds . Stock Market Indices Vary Their Treatment Of IPOs The answers are not straightforward. Different benchmarks have diverse approaches to the public debuts of these mega cap stocks. S&P Global just confirmed it will retain its traditional criteria for inclusion of IPO stocks in its flagship S&P 500 index. Those criteria include 4 consecutive quarters of GAAP profits and a float of at least 50% of shares outstanding. SpaceX, Anthropic, and OpenAI have yet to post consecutive quarters of profit . Other popular indicia are not so strict. The Center for Research in Security Prices (CRSP) licenses some key indicia to Vanguard. Their large-cap stock market index will allow the new mega IPOs as members. However, the CRSP US Total Stock Market weightings will be adjusted for "free float". Floated shares represent shares outstanding that are unencumbered by restrictions, such as shares held by board members, directors, ...
In early trading on Tuesday, shares of SanDisk topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.7%. Year to date, SanDisk registers a 630.9% gain. And the worst performing Nasdaq 100 component thus far on the day is Qualcomm, tradin
In early trading on Tuesday, shares of SanDisk topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.7%. Year to date, SanDisk registers a 630.9% gain. And the worst performing Nasdaq 100 component thus far on the day is Qualcomm, tradin
A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images The trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be payable, according to the Social Security Administration's annual trustees report relea...
A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images The trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be payable, according to the Social Security Administration's annual trustees report released on Tuesday. That projected depletion date is one year sooner than had been estimated last spring. The new projected depletion date follows the enactment of President Donald Trump's "big beautiful" tax law, which Social Security's chief actuary said in an August letter would have "material effects" on the financial status of the trust funds since it impacts income taxation of Social Security benefits. The OASI trust fund – formally known as Old Age and Survivors Insurance, or OASI – if combined with the disability insurance trust fund, may be able to pay full benefits until 2034, when 83% of benefits will be payable, according to the new report. This is a developing story. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
In early trading on Tuesday, shares of J.M. Smucker topped the list of the day's best performing components of the S&P 500 index, trading up 8.6%. Year to date, J.M. Smucker registers a 13.0% gain. And the worst performing S&P 500 component thus far on the day is Dow,
In early trading on Tuesday, shares of J.M. Smucker topped the list of the day's best performing components of the S&P 500 index, trading up 8.6%. Year to date, J.M. Smucker registers a 13.0% gain. And the worst performing S&P 500 component thus far on the day is Dow,
Voter Fraud: Los Angeles County Woman Pleads Guilty To Paying People In Skid Row To Vote via The Epoch Times , LOS ANGELES - A woman who worked as a longtime signature collector for ballot initiatives pleaded guilty on June 8 to paying homeless people in Los Angeles' Skid Row and elsewhere $2 or $3 to register to vote. An "I Voted" sign points to a Vote Center in Los Angeles on June 1, 2026. Mario...
Voter Fraud: Los Angeles County Woman Pleads Guilty To Paying People In Skid Row To Vote via The Epoch Times , LOS ANGELES - A woman who worked as a longtime signature collector for ballot initiatives pleaded guilty on June 8 to paying homeless people in Los Angeles' Skid Row and elsewhere $2 or $3 to register to vote. An "I Voted" sign points to a Vote Center in Los Angeles on June 1, 2026. Mario Tama/Getty Images Brenda Lee Brown Armstrong, 64, of Marina del Rey, also known as "Anika," entered a plea to one count of paying another person to register to vote, a federal charge that carries a penalty of up to five years behind bars. Sentencing was scheduled for Aug. 31. According to her plea agreement, for nearly 20 years, Armstrong periodically worked as a "petition circulator." In that role, she was paid by coordinators to collect voter signatures on official petitions that qualify initiatives, referendums and recalls for California state ballots. Prosecutors said Armstrong drove around the Los Angeles area to find registered voters to sign the petitions. After gathering enough signatures, Armstrong returned the petitions to her coordinators, who then paid her a set amount for each registered voter's signature. The amount she was paid varied depending on the specific ballot initiative. Because her coordinators only paid for signatures attributable to registered voters, Armstrong endeavored to ensure the people who signed her petitions were registered voters, court papers show. Armstrong admitted soliciting signatures in Skid Row, a convenient place for the defendant to collect signatures because of its high concentration of people in a relatively small area who were willing to sign petitions in exchange for cash. Armstrong regularly paid amounts between $2 and $3 to induce people to sign her petitions , officials said. Prosecutors said some homeless people did not have an address to put on the forms, so on occasion, Armstrong provided her own former address in Los ...
Pla2na/iStock via Getty Images Market Review U.S. equity markets in 1Q26 were dominated by geopolitical escalation and energy-driven inflation risk, leading to weak quarterly performance. The Iran conflict, and resulting disruptions to the Strait of Hormuz, sharply constrained global oil supply, driving a surge in energy prices even as headline Consumer Price Index (CPI) appeared stable. These dyn...
Pla2na/iStock via Getty Images Market Review U.S. equity markets in 1Q26 were dominated by geopolitical escalation and energy-driven inflation risk, leading to weak quarterly performance. The Iran conflict, and resulting disruptions to the Strait of Hormuz, sharply constrained global oil supply, driving a surge in energy prices even as headline Consumer Price Index (CPI) appeared stable. These dynamics led markets to price fewer rate cuts through 2026 and resulted in a move toward defensive and commodity-sensitive sectors. Despite generally resilient corporate earnings, the quarter was also marked by multiple compression and a rotation away from growth, particularly within technology and Artificial Intelligence (AI) related stocks. Elevated valuations proved vulnerable as the macro backdrop, as well as continued skepticism around AI near-term investment returns, left growth indices exposed. Market performance was driven by a strong surge in the energy sector, and cyclical and defensive sectors broadly outperformed. Energy, consumer staples, industrials, and materials had positive returns. Quarter The Fund advanced and significantly outperformed the -3.2% return of the MSCI All Country World Index for the quarter. Relative to the Index, security selection within the information technology sector and an overweight to energy added the most value. Stock selection within communication services, industrials, and health care, along with an overweight to utilities and an underweight to consumer discretionary also benefited relative results during the period. On the downside, stock selection within energy and financials along with an underweight to materials detracted the most from relative performance during the quarter. Key Contributors Corning Incorporated ( GLW ) Lam Research ( LRCX ) Caterpillar ( CAT ) Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses. The stock e...
vzphotos/iStock Editorial via Getty Images In my last Buy rating on Micron Technology, Inc. ( MU ) the stock was at $820 (check it here ). Less than 15 days have passed, and since then the stock is already at $980. But in this short period of time, if you followed it, you saw the stock going up a lot, going down a lot (~20%) and now, going up a lot (~10%) again. Therefore, ahead of the next earnin...
vzphotos/iStock Editorial via Getty Images In my last Buy rating on Micron Technology, Inc. ( MU ) the stock was at $820 (check it here ). Less than 15 days have passed, and since then the stock is already at $980. But in this short period of time, if you followed it, you saw the stock going up a lot, going down a lot (~20%) and now, going up a lot (~10%) again. Therefore, ahead of the next earnings release expected on June 24th, it seems like the perfect moment to resume coverage in an even more cautious way. The market confirmed what I mentioned in my last article, that this is a case that requires high risk management, since we have on the table both a lot of upside and a strong potential for drawdown. What Explains The Movement Of The Last Few Days? Friday was an intense day, iShares Semiconductor ETF ( SOXX ) fell ~10%, Micron fell ~10%, and Direxion Daily Semiconductor Bull 3X ETF ( SOXL ) fell ~30%. If you look at it from a macro perspective, the trigger was the jobs report , which came in stronger than expected, and consequently, the market increases expectations for inflation and sees higher interest rates (or at least higher for longer). It is not something certain; it is an uncertainty, and if there is more uncertainty, the market becomes more risk averse. It is also possible to think about it in a more technical way or from a capital flow perspective. You can think that this was a healthy correction for a price consolidation in chip companies, or even think that this was due to traders, hedge fund managers and similar players selling their positions to take profits and/or eventually have enough capital to buy IPOs such as SpaceX ( SPCX ). It is also possible to explain this from a bottom up perspective, which I consider my specialty. Looking at the micro side of several companies, many had high expectations and valuations far above average, so - in part - we could say that the market "saw" that this expectation considerably reduced the margin of safety o...
vzphotos/iStock Editorial via Getty Images In my last Buy rating on Micron Technology, Inc. ( MU ), the stock was at $820 (check it here ). Less than 15 days have passed, and since then, the stock has been at $980. But in this short period of time, if you followed it, you saw the stock going up a lot, going down a lot (~20%), and now, going up a lot (~10%) again. Therefore, ahead of the next earni...
vzphotos/iStock Editorial via Getty Images In my last Buy rating on Micron Technology, Inc. ( MU ), the stock was at $820 (check it here ). Less than 15 days have passed, and since then, the stock has been at $980. But in this short period of time, if you followed it, you saw the stock going up a lot, going down a lot (~20%), and now, going up a lot (~10%) again. Therefore, ahead of the next earnings release expected on June 24th, it seems like the perfect moment to resume coverage in an even more cautious way. The market confirmed what I mentioned in my last article, that this is a case that requires high-risk management, since we have on the table both a lot of upside and a strong potential for drawdown. What Explains The Movement Of The Last Few Days? Friday was an intense day; iShares Semiconductor ETF ( SOXX ) fell ~10%, Micron fell ~10%, and Direxion Daily Semiconductor Bull 3X ETF ( SOXL ) fell ~30%. If you look at it from a macro perspective, the trigger was the jobs report , which came in stronger than expected, and consequently, the market increases expectations for inflation and sees higher interest rates (or at least higher for longer). It is not something certain; it is an uncertainty, and if there is more uncertainty, the market becomes more risk-averse. It is also possible to think about it in a more technical way or from a capital flow perspective. You can think that this was a healthy correction for a price consolidation in chip companies, or even think that this was due to traders, hedge fund managers, and similar players selling their positions to take profits and/or eventually have enough capital to buy IPOs such as Space Exploration Technologies Corp. ( SPCX ). It is also possible to explain this from a bottom-up perspective, which I consider my specialty. Looking at the micro side of several companies, many had high expectations and valuations far above average, so—in part—we could say that the market “saw” that this expectation considerably re...
In early trading on Tuesday, shares of Nike topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.2%. Year to date, Nike has lost about 30.6% of its value. And the worst performing Dow component thus far on the day is Salesforce, tr
In early trading on Tuesday, shares of Nike topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.2%. Year to date, Nike has lost about 30.6% of its value. And the worst performing Dow component thus far on the day is Salesforce, tr
In this article BA Follow your favorite stocks CREATE FREE ACCOUNT Victorville, CA / USA – March 27, 2017: The Boeing Company’s logo on wall of a building at the Southern California Logistics Airport in Victorville, California. Sanfel | Istock Editorial | Getty Images Boeing said on Tuesday that it delivered 60 jets in May, a 33% increase over the same period last year, though fewer than the 81 de...
In this article BA Follow your favorite stocks CREATE FREE ACCOUNT Victorville, CA / USA – March 27, 2017: The Boeing Company’s logo on wall of a building at the Southern California Logistics Airport in Victorville, California. Sanfel | Istock Editorial | Getty Images Boeing said on Tuesday that it delivered 60 jets in May, a 33% increase over the same period last year, though fewer than the 81 delivered by European rival Airbus . Boeing's May deliveries included 51 737 MAX jets, the highest number of its popular single-aisle model in one month since restarting production in December 2024 following a strike. Boeing is increasing the 737 production rate from 42 jets a month to 47 per month this summer. The company also booked 27 new orders, including 14 737s that will be converted into military aircraft for an unidentified customer. Lufthansa ordered 10 787s. Boeing also received cancellations for 16 737 MAX orders, resulting in 11 net new orders in May. Boeing has delivered 250 jets through the end of May, including 198 737 MAX jets. May's deliveries included six 787s, which continue to be hampered by certification delays for premium seats, one 777 freighter and one 767 freighter. Boeing has booked 324 new orders through May, with 29 cancellations or conversions, for a total of 295 net new orders. The U.S. planemaker's order backlog was 6,178 at the end of May. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Google's ( GOOG )( GOOGL ) Gemini and Anthropic's ( ANTHRO ) Claude continue their recent trend of gaining ground on OpenAI's ( OPENAI ) ChatGPT, but the Sam Altman-led firm remains dominant in terms of market share, according to BNP Paribas' AI tracker. Gemini's share of worldwide AI chatbot traffic inched up to 29.9% in May compared to 29.4% in April, while Claude visits increased to 9.8% versus...
Google's ( GOOG )( GOOGL ) Gemini and Anthropic's ( ANTHRO ) Claude continue their recent trend of gaining ground on OpenAI's ( OPENAI ) ChatGPT, but the Sam Altman-led firm remains dominant in terms of market share, according to BNP Paribas' AI tracker. Gemini's share of worldwide AI chatbot traffic inched up to 29.9% in May compared to 29.4% in April, while Claude visits increased to 9.8% versus 8.8% the month prior. Meanwhile, ChatGPT remained the overall leader with more than 60% of market share, but its share of worldwide visits has steadily eroded as it held more than 90% in early 2025. BNP Paribas pointed to Google's recent deal with SpaceX ( SPCX ) to secure 200MW of compute capacity for $920M per month for up to three years as evidence of significant AI demand. "While the scale of the commitment may raise near-term concerns around capital intensity, we view the investment as strategically prudent given robust cloud backlog growth, accelerating AI adoption, and the significant long-term revenue opportunity across Search, Cloud, and AI-driven products," said BNP Paribas senior analyst Nick Jones in a Tuesday investor report. "Additionally, we believe the structure and economics of the agreement could increase the likelihood that META ( META ) accelerates plans to commercialize its infrastructure through a cloud offering." Overall, AI chatbot web traffic increased 3% month over month in May. More on Alphabet and Anthropic Alphabet's $84.75B Equity Plan Looks Like A Red Flag - It Isn't (For Now) Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger Google TPU V8 Vs. Nvidia: How Inference Is Rewriting The AI Market Google unveils new Gemini 3.5 Live Translate audio model SpaceX-Google cloud deal may point to Microsoft Azure upside: BNP