The year of big IPOs just keeps getting bigger. OpenAI, the company behind ChatGPT, announced that it has taken the first steps toward an initial public offering, following in the footsteps of fellow AI company Anthropic, which took a similar step last week, and SpaceX, which is going public on June 12 . OpenAI’s most recent valuation from private investors was $852 billion, following a March fund...
The year of big IPOs just keeps getting bigger. OpenAI, the company behind ChatGPT, announced that it has taken the first steps toward an initial public offering, following in the footsteps of fellow AI company Anthropic, which took a similar step last week, and SpaceX, which is going public on June 12 . OpenAI’s most recent valuation from private investors was $852 billion, following a March fundraising round that brought in $122 billion. It’s likely that OpenAI will achieve a $1 trillion valuation when it goes public, joining a select few companies with that lofty market cap. Here’s what we know about the OpenAI IPO, and what investors can expect next. Continue reading
Apple kicked off its annual developer conference with bold promises about AI. The company, CEO Tim Cook said, would be "introducing new technologies and innovations that push the limits on what's possible." But its slew of announcements - centered on a brand-new "Siri AI" - had more to do with catching up. After almost entirely neglecting Siri and punting its AI promises down the road in 2025, App...
Apple kicked off its annual developer conference with bold promises about AI. The company, CEO Tim Cook said, would be "introducing new technologies and innovations that push the limits on what's possible." But its slew of announcements - centered on a brand-new "Siri AI" - had more to do with catching up. After almost entirely neglecting Siri and punting its AI promises down the road in 2025, Apple went all in on the tech this year. It pitched Siri as an all-encompassing virtual assistant that ties together all your Apple devices, with multimodal features, a dedicated app, an all-in-one AI agent and more. Executives emphasized privacy aga … Read the full story at The Verge.
Sage guided Lens to second place in Ligue 1 this season Glasner likely to join Milan after rejecting Feyenoord offer Crystal Palace are poised to appoint Pierre Sage as Oliver Glasner’s successor after holding productive talks with the Frenchman. Sage, who guided Lens to the Coupe de France and second place in Ligue 1 this season, is understood to have agreed terms on a two-year deal with the opti...
Sage guided Lens to second place in Ligue 1 this season Glasner likely to join Milan after rejecting Feyenoord offer Crystal Palace are poised to appoint Pierre Sage as Oliver Glasner’s successor after holding productive talks with the Frenchman. Sage, who guided Lens to the Coupe de France and second place in Ligue 1 this season, is understood to have agreed terms on a two-year deal with the option of a 12 month extension. Compensation for the 47-year-old must be resolved but that is not thought to be an obstacle. Continue reading...
Alistair Berg Seeking Alpha analysts have recently issued several rating changes across the technology, energy, and consumer discretionary sectors. Broadcom ( AVGO ) and Cameco Corporation ( CCJ ) are seeing positive momentum, with analysts upgrading their outlooks based on market pullbacks and strong growth potential. On the other hand, Adobe ( ADBE ) and The Cheesecake Factory ( CAKE ) have been...
Alistair Berg Seeking Alpha analysts have recently issued several rating changes across the technology, energy, and consumer discretionary sectors. Broadcom ( AVGO ) and Cameco Corporation ( CCJ ) are seeing positive momentum, with analysts upgrading their outlooks based on market pullbacks and strong growth potential. On the other hand, Adobe ( ADBE ) and The Cheesecake Factory ( CAKE ) have been downgraded as analysts cite concerns over market perception and high valuation premiums relative to peers. Upgrades Broadcom ( AVGO ): Upgrade Hold to Strong Buy by Cash Flow Venue . The analyst views the recent 12% stock price drop as a market overreaction, noting that despite minor margin shifts due to a higher AI revenue mix, the long-term growth story remains intact. “As I said in the beginning, I've always been a fan of AVGO's business model. And the dynamic shift to AI-supporting technologies is the best-case scenario for me. I'm very happy about AVGO's growth rates. And I'm not that afraid of the profitability changes.” Cameco ( CCJ ): Buy by Zoltan Ban . Following a roughly 30% retreat from all-time highs, the analyst believes the stock offers a prime entry point for tactical investors, supported by the long-term necessity of nuclear power in the global energy mix. “The recent 30% decline in its share price from all-time highs reached at the start of the year is shaping up to be a good opportunity to start building up my position again. I recently bought shares with the intention of continuing to buy from here if it declines further.” Downgrades Adobe ( ADBE ): Downgrade by YR Research . The analyst argues that Adobe is currently viewed as an “AI loser” by the market and must pivot its identity from a growth story to a mature value play to regain investor confidence. “After several quarters with decent results, it's pretty clear that revenue growth stability or sustained margins won't be enough to change market perception, and frankly, I don't think they should.” T...
Saturn Cloud, the AI development platform for GPU cloud operators, today announced its Token Factory platform, which gives enterprise AI teams a complete fine-tuning and model serving workflow on top of the operator's GPU infrastructure. The platform lets neocloud operators, AI Factory builders, and enterprises offer their customers managed fine-tuning jobs, dataset management, and OpenAI-compatib...
Saturn Cloud, the AI development platform for GPU cloud operators, today announced its Token Factory platform, which gives enterprise AI teams a complete fine-tuning and model serving workflow on top of the operator's GPU infrastructure. The platform lets neocloud operators, AI Factory builders, and enterprises offer their customers managed fine-tuning jobs, dataset management, and OpenAI-compatible inference endpoints, all metered per token and delivered under the operator's own brand, without
GarryKillian/iStock via Getty Images Finnish satellite-imaging company Iceye has raised €450 million in new funding, boosting its valuation to more than €10 billion ($11.5 billion) as governments increase spending on sovereign intelligence and defense technologies. The funding round was led by General Atlantic and included participation from investors such as Nokia, the Qatar Investment Authority ...
GarryKillian/iStock via Getty Images Finnish satellite-imaging company Iceye has raised €450 million in new funding, boosting its valuation to more than €10 billion ($11.5 billion) as governments increase spending on sovereign intelligence and defense technologies. The funding round was led by General Atlantic and included participation from investors such as Nokia, the Qatar Investment Authority and Finnish state-backed investment firms. Including secondary share sales by existing investors, the transaction totaled about €1 billion. The new valuation represents a sharp increase from the €2.4 billion level assigned to Iceye during its previous funding round in December, underscoring growing investor enthusiasm for defense and space-related technologies. Iceye operates a network of 70 radar satellites capable of capturing high-resolution images through clouds, smoke and darkness. The technology has been used to support Ukraine's defense efforts by tracking Russian military activity and is now being deployed to monitor developments in the Persian Gulf as regional demand for surveillance capabilities rises. The company says seven European governments have purchased sovereign satellite systems and reported an order backlog of €1.5 billion. Iceye expects revenue to exceed €500 million this year, roughly double last year's level. Iceye's rapid valuation increase highlights strong investor demand for defense, intelligence and space-based data companies as geopolitical tensions drive government spending on surveillance and security systems. The funding round also signals growing confidence in Europe's ability to build strategic technology platforms independent of U.S. providers, a trend that could benefit companies involved in satellites, defense electronics and aerospace infrastructure. More on Select STOXX Europe Aerospace & Defense ETF, iShares U.S. Aerospace & Defense ETF, etc. Macro Insights: The 'Dangerous Market' Playbook, 1999 Redux, And Navigating RAMpocalypse Macr...
The short interest list is topped by QXO ( QXO ), followed by Symbotic ( SYM ), with a short interest of 15.41% and 11.42% respectively. The top five most shorted industrial stocks with a market capitalization above $10B (as a percentage of shares outstanding) are: QXO ( QXO ), Short Interest: 15.41%. Symbotic ( SYM ), Short Interest: 11.42%. Bloom Energy ( BE ), Short Interest: 10.19%. Planet Lab...
The short interest list is topped by QXO ( QXO ), followed by Symbotic ( SYM ), with a short interest of 15.41% and 11.42% respectively. The top five most shorted industrial stocks with a market capitalization above $10B (as a percentage of shares outstanding) are: QXO ( QXO ), Short Interest: 15.41%. Symbotic ( SYM ), Short Interest: 11.42%. Bloom Energy ( BE ), Short Interest: 10.19%. Planet Labs ( PL ), Short Interest: 10.16%. U-Haul Holding ( UHAL ), Short Interest: 9.27%. The five least shorted industrial stocks with a market capitalization above $10B (as a percentage of shares outstanding) are: Republic Services ( RSG ), Short Interest: 1.03%. AerCap Holdings N.V. ( AER ), Short Interest: 0.92%. Waste Connections ( WCN ), Short Interest: 0.74%. DiDi Global ( DIDIY ), Short Interest: 0.70%. HEICO ( HEI.A ), Short Interest: 0.68%. More on industrial stocks DiDi Global: Domestic Cash Cow Funds Global Expansion; Reiterate Bullish View Planet Labs' 25% Decline Sparks Big Question - Buy Or Bail? I See Opportunity Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript Sell-the-news hits space stocks after Starfighters Space Russell 3000 entry Planet Labs enters up to $1.5B equity distribution deal
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... There’s so much to say about AI right now and the space is moving so fast that it’s hard to keep up with the news, much less craft some cohesive narrative about how everything will shake out. So instead, here are a few AI-related charts that caught my eye recently and speak to some of the big debates. 1. The BIS has a nice bulletin out on the size and scope of global “AI giants. ” Two things stand out. Firstly, this trio of charts is basically markets in a nutshell right now. AI is becoming a bigger component of equity indices (as we all know), tech companies are raising stunning amounts of capital, and they are still (for the most part) growing their revenues. What’s striking, though, is the middle chart showing the difference between China and US capital expenditure. Chinese Big Tech has raised a minuscule amount of capital relative to the US, and the impression I get is that that’s fundamentally influencing their approach to the space. There are exceptions of course, but for big Chinese firms, it seems like AI is much more of an add-on meant to augment their existing businesses, rather than be the entirety of the business itself. The scarcity of capital is arguably reflected in the focus on efficiency in development and token spend (more on this below). 2. That brings me to the second chart, which comes from Citrini Research and speaks directly to the monetization/ROI point. It compares input and output prices for some of ...
Reform had previously suggested Farage would be ‘steering clear’ of event, modelled on US conservative gathering UK politics live – latest updates Nigel Farage will be headlining at an American conservative summit brought to the UK by Liz Truss next month alongside a raft of hard-right speakers, despite his party previously suggesting he would be “steering clear”. The Reform UK leader has announce...
Reform had previously suggested Farage would be ‘steering clear’ of event, modelled on US conservative gathering UK politics live – latest updates Nigel Farage will be headlining at an American conservative summit brought to the UK by Liz Truss next month alongside a raft of hard-right speakers, despite his party previously suggesting he would be “steering clear”. The Reform UK leader has announced he will speak in July at the Conservative Political Action Committee (CPAC), which claims it wants to “save Britain, save the west”. Continue reading...
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) is a shockingly diversified industrial conglomerate. However, it is classified as a finance company due to its large insurance operations. This is an important nuance to consider as you examine the nearly $400 billion in cash on the company's balance sheet. It is an important safety valve and provides firepower for investments when the time is right. Bu...
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) is a shockingly diversified industrial conglomerate. However, it is classified as a finance company due to its large insurance operations. This is an important nuance to consider as you examine the nearly $400 billion in cash on the company's balance sheet. It is an important safety valve and provides firepower for investments when the time is right. But cash isn't what this business is built on; the float is. From a big picture perspective, Berkshire Hathaway does a lot of things. However, former CEO Warren Buffett was really an allocator of capital, treating the company as his personal investment vehicle. Basically, buying Berkshire Hathaway was a way to trade alongside Warren Buffett . The fact that Berkshire Hathaway has a huge cash hoard today has nothing to do with Buffett's long-term success. Image source: The Motley Fool. Continue reading
watch now VIDEO 1:14 01:14 Home sales surged in May to the highest level since December Squawk on the Street Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the National Association of Realtors. Econom...
watch now VIDEO 1:14 01:14 Home sales surged in May to the highest level since December Squawk on the Street Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the National Association of Realtors. Economists were expecting less than a 1% gain. Sales were also up 3.2% from a year earlier, the strongest pace since December. This count is based on closings, so the contracts were likely signed in April, when mortgage rates came down a bit from the sharp jump at the start of March, due to the war with Iran. "Improving affordability is helping drive this momentum," said Lawrence Yun, chief economist for the Realtors, in a release. "Even with mortgage rates ticking up compared to earlier in the year, they remain lower than a year ago and are essentially at the long-term historical average. Income gains are also outpacing home price growth by a small margin in most parts of the country." Inventory in May rose 3.3%, month to month, to 1.55 million units for sale and is up a little less than 1% from a year ago. At the current sales pace, that is a 4.5 months supply. 6 months is considered balanced between buyer and seller. With a still tight supply, prices continue to rise. The median price of an existing home sold in May was $429,300, an increase of 1.3% from the year before and a record high price for the month. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . "Only 1% of all home sales involved a foreclosure or an underwater situation in which the sale price could not cover the outstanding mortgage balance. This shows that homeowners are on solid financial footing," Yun added. Sales continue to be strongest on the h...
Bernstein’s Stacy Rasgon spent years as a skeptic on Advanced Micro Devices (NASDAQ:AMD). On a recent episode of The Real Eisman Playbook, he flipped the script.”I’m looking at 2028 and I’m pretty close to $20 in earnings, which was their 2030 target.” Read that again. The 2030 number, pulled forward two years. Rasgon is not ... AMD Just Hit 2030’s Earnings Target Two Years Early. Here’s What Happ...
Bernstein’s Stacy Rasgon spent years as a skeptic on Advanced Micro Devices (NASDAQ:AMD). On a recent episode of The Real Eisman Playbook, he flipped the script.”I’m looking at 2028 and I’m pretty close to $20 in earnings, which was their 2030 target.” Read that again. The 2030 number, pulled forward two years. Rasgon is not ... AMD Just Hit 2030’s Earnings Target Two Years Early. Here’s What Happens Next
Zepp Health Corporation ( ZEPP ) shares fell about 18% on Tuesday after the company reported first-quarter results, with continued losses and margin pressures weighing on sentiment. Revenue rose 33.8% year over year to $51.5 million, in line with guidance, driven by new product launches. Gross margin edged up to 37.7% from 37.3% a year earlier but declined sequentially due to lower-margin product ...
Zepp Health Corporation ( ZEPP ) shares fell about 18% on Tuesday after the company reported first-quarter results, with continued losses and margin pressures weighing on sentiment. Revenue rose 33.8% year over year to $51.5 million, in line with guidance, driven by new product launches. Gross margin edged up to 37.7% from 37.3% a year earlier but declined sequentially due to lower-margin product refreshes, higher component costs, and currency headwinds. The company reported a net loss of $19.6 million, broadly unchanged from a year ago, while adjusted operating loss narrowed to $16.3 million. Zepp expects second-quarter revenue of $63 million to $68 million, implying 6% to 14% year-over-year growth. More on Invesco Corporate Bond Fund Q1 2026 Commentary Academy Sports and Outdoors: Sales Acceleration Supports Further Upside StealthGas: The Rally Has Not Fully Closed The Value Gap Wall Street rallies further as eyes shift to SpaceX IPO These are the indexes SpaceX will most likely enter early
Recent share performance and what it might signal Alibaba Group Holding (NYSE:BABA) has seen its stock decline 14% over the past month and 12% over the past 3 months, while sitting roughly flat over the past year on a total return basis. See our latest analysis for Alibaba Group Holding. At a share price of US$120.07, Alibaba’s recent 7 day share price return of down 4.25% and year to date share p...
Recent share performance and what it might signal Alibaba Group Holding (NYSE:BABA) has seen its stock decline 14% over the past month and 12% over the past 3 months, while sitting roughly flat over the past year on a total return basis. See our latest analysis for Alibaba Group Holding. At a share price of US$120.07, Alibaba’s recent 7 day share price return of down 4.25% and year to date share price return of down 22.9% contrast with a relatively flat 1 year total shareholder return of...