Most people don't think about Oracle the way they think about Nvidia or Broadcom. It doesn't have the same flashy artificial intelligence (AI) narrative. It started as a CIA database project in 1977. For decades, it was the unglamorous but indispensable backbone of enterprise computing. Then the ...
Most people don't think about Oracle the way they think about Nvidia or Broadcom. It doesn't have the same flashy artificial intelligence (AI) narrative. It started as a CIA database project in 1977. For decades, it was the unglamorous but indispensable backbone of enterprise computing. Then the ...
In this article .MAG7 Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer said Tuesday that technology stocks are losing many of the qualities that made them the market's dominant leadership group over the past three years. "A real bull market has leaders, and those leaders have terrific characteristics," the " Mad Money " host said. "They make a lot of money, there's a limited numbe...
In this article .MAG7 Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer said Tuesday that technology stocks are losing many of the qualities that made them the market's dominant leadership group over the past three years. "A real bull market has leaders, and those leaders have terrific characteristics," the " Mad Money " host said. "They make a lot of money, there's a limited number of them, and there aren't too many shares around because these companies constantly buy them back." Following the mini banking crisis in 2023, tech stocks led the market higher. According to Cramer, the Magnificent Seven , semiconductor companies, and enterprise software firms generated massive cash flow, maintained fortress-like balance sheets, and consistently reduced share counts through aggressive buybacks. That combination of financial strength and limited stock supply, he said, helped fuel the sector's leadership and support higher valuations. But Cramer argued that the landscape is changing. "There is no longer a scarcity of tech," he said. A major reason is the growing wave of artificial intelligence-related fundraising. Cramer pointed to upcoming offerings from companies such as SpaceX , Anthropic and OpenAI , which he believes could flood the market with new supply and absorb investor capital that previously flowed into publicly traded technology stocks. "Nothing can kill a bull market like an oversupply of stock," Cramer said. "We're about to have supply coming out of our ears." The shift extends beyond new IPOs. Cramer noted that many of the technology giants that once distinguished themselves with pristine balance sheets and large buyback programs are now spending heavily to fund AI infrastructure. Alphabet recently raised $80 billion through an equity offering after years of aggressive buybacks, and Cramer suggested Amazon , Meta , and Microsoft could eventually face similar decisions as data center costs continue to climb. "Too much supply. Tattered balance...
Leonardo SpA ’s new chief executive officer expects European regulatory approval for its satellite venture with Airbus SE and Thales SA by the end of next year, clearing the way for one of Europe’s most ambitious defense and space projects. So-called Project Bromo aims to unify regional space operations that have failed to keep pace with Elon Musk ’s SpaceX , the US juggernaut set to go public thi...
Leonardo SpA ’s new chief executive officer expects European regulatory approval for its satellite venture with Airbus SE and Thales SA by the end of next year, clearing the way for one of Europe’s most ambitious defense and space projects. So-called Project Bromo aims to unify regional space operations that have failed to keep pace with Elon Musk ’s SpaceX , the US juggernaut set to go public this week at a valuation of about $1.8 trillion. “Bromo is really the future of space in Europe in terms of business,” Lorenzo Mariani said in an interview, after taking the helm of Italy’s most important defense contractor last month. Mariani sought to distinguish the European project from comparisons with SpaceX — which he called “a fantastic venture” — saying Bromo will cover a broad range of space segments. The European project has generated resistance from unions and suppliers who raised concerns about jobs and competition. It will be one of the first to test a revamped European Union merger framework aimed at galvanizing the creation of regional champions to better compete with US and Chinese rivals. Read More: EU’s Answer to Musk’s SpaceX Set to Test New Merger Regime While political and antitrust hurdles are “tricky,” Mariani said he expected all European authorizations for Project Bromo to be in place by the second half of 2027, adding that even labor unions understand the deal’s importance. “Everybody knows that we are dealing with a sector that has been evolving very quickly,” Mariani said at Bloomberg’s Rome offices. “So we have to do something, and this something is for sure joining forces, joining forces in an intelligent way.” Mariani, 61, a Leonardo veteran who most recently led the Italian unit of its missile-making joint venture MBDA Missile Systems Services SAS , is charting a course that puts European space and defense collaboration at the top of the agenda, while also strengthening ties with the US. He said he plans to continue many of the initiatives of h...
In this article SMCI Follow your favorite stocks CREATE FREE ACCOUNT Super Micro Computer CEO Charles Liang speaks at the Raise summit in Paris on July 8, 2025. Nathan Laine | Bloomberg | Getty Images Super Micro Computer shares sank 9% in extended trading on Tuesday after the computer server maker announced $7 billion in equity-related financing deals to help to cover the cost of hardware compone...
In this article SMCI Follow your favorite stocks CREATE FREE ACCOUNT Super Micro Computer CEO Charles Liang speaks at the Raise summit in Paris on July 8, 2025. Nathan Laine | Bloomberg | Getty Images Super Micro Computer shares sank 9% in extended trading on Tuesday after the computer server maker announced $7 billion in equity-related financing deals to help to cover the cost of hardware component purchases. The company said it's planning $5 billion in underwritten stock offerings and a $2 billion at-the-market offering, starting in July, through arrangements with JPMorgan Chase , Goldman Sachs and Citigroup . Companies often see their share price drop after announcing stock sales, as investors prepare to see their existing holdings diluted in value. Super Micro is the latest company tied to the artificial intelligence boom that's turning to the financial markets for more capital. Earlier this month Alphabet , which offers AI models and cloud infrastructure for model builders such as Anthropic, said it would sell $85 billion in stock, including a $10 billion investment from Berkshire Hathaway . Super Micro said in Tuesday's statement that it's received $39 billion in AI server orders from more than 20 customers during the past few weeks. Demand for AI-ready servers has been climbing sharply, lifting Super Micro's revenue in the March quarter over 100% from a year earlier. Dell said revenue from its Infrastructure Solutions Group grew 181% year over year. Before the after-house drop, Super Micro shares were up about 39% so far this year. In March, the company said a co-founder resigned from its board after he was named in a federal indictment over allegations of smuggling equipment containing Nvidia AI chips into China. Super Micro CEO Charles Liang told analysts on the company's earnings call in May that the cost of memory has more than tripled in recent months. WATCH: Dell valuation is stretched at these levels, says Truist's Matthew Niknam watch now VIDEO 4:56 0...
AI company restricted access to Fable 5, its most powerful Mythos model, for months over cybersecurity concerns Anthropic , the maker of the Claude artificial intelligence ( AI ) models, made a new version of its technology available to the general public on Tuesday while restricting its use in sensitive areas. Dubbed Fable 5, the model is the first to be made widely available from the company’s n...
AI company restricted access to Fable 5, its most powerful Mythos model, for months over cybersecurity concerns Anthropic , the maker of the Claude artificial intelligence ( AI ) models, made a new version of its technology available to the general public on Tuesday while restricting its use in sensitive areas. Dubbed Fable 5, the model is the first to be made widely available from the company’s new Mythos class – its most advanced lineup of AI technology, unveiled in April but restricted to a small set of partner institutions for months over cybersecurity concerns. Continue reading...
George Pyne, Founder and CEO of Bruin Capital, discusses the evolving landscape of sports business and investment. The dialogue highlights key aspects of organizing a major global sporting event and the financial strategies shaping the sports industry. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
George Pyne, Founder and CEO of Bruin Capital, discusses the evolving landscape of sports business and investment. The dialogue highlights key aspects of organizing a major global sporting event and the financial strategies shaping the sports industry. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Apple (NASDAQ:AAPL), the most vertically integrated company in tech, is turning to Nvidia and Google Cloud to power its most advanced AI workloads. According to CNBC’s MacKenzie Sigalos, Apple software chief Craig Federighi confirmed that the company’s new frontier language model, FM Cloud Pro, will run on Nvidia GPUs hosted in Google Cloud for agentic ... Apple Will Run Advanced AI Model on Nvidi...
Apple (NASDAQ:AAPL), the most vertically integrated company in tech, is turning to Nvidia and Google Cloud to power its most advanced AI workloads. According to CNBC’s MacKenzie Sigalos, Apple software chief Craig Federighi confirmed that the company’s new frontier language model, FM Cloud Pro, will run on Nvidia GPUs hosted in Google Cloud for agentic ... Apple Will Run Advanced AI Model on Nvidia GPUs via Google Cloud, Ditching Private Infrastructure
SNAP Benefits Go To 186,000 Dead People... And Stopping Them Might Be Difficult Authored by Tom Gantert via The Epoch Times, President Donald Trump’s anti-fraud efforts have brought renewed focus on issues plaguing the welfare system, including the millions of dollars in food stamps that are being sent to dead recipients. The U.S. Department of Agriculture (USDA) released a report last month stati...
SNAP Benefits Go To 186,000 Dead People... And Stopping Them Might Be Difficult Authored by Tom Gantert via The Epoch Times, President Donald Trump’s anti-fraud efforts have brought renewed focus on issues plaguing the welfare system, including the millions of dollars in food stamps that are being sent to dead recipients. The U.S. Department of Agriculture (USDA) released a report last month stating that 185,986 deceased people in 29 states were receiving Supplemental Nutrition Assistance Program (SNAP) benefits as of July 1, 2025, at an annual cost of $419.6 million. It also reported an additional $3 billion in potential fraud, waste, and abuse. On May 21, a federal jury convicted a man who stole the identity of Carlos Ramon Obregon, who was killed in a 1977 Los Angeles drive-by shooting. Decades after the 14-year-old’s death, the defendant used the dead teen’s identity to collect about $283,000 in government benefits, including SNAP benefits, Medicaid, Supplemental Security Income, and COVID-19 payments. That’s just one example that the administration has outlined to highlight the issue. Here’s what to know about the problem of dead recipients, which has been lingering for decades. Renewed Focus by Trump Admin Trump directed federal agencies via executive order in March 2025 to ensure “unfettered access” to data from federally funded state programs such as SNAP, also known as food stamps. In response, the USDA’s Food and Nutrition Service told state agencies on May 6, 2025, that all records associated with SNAP must be made available to the federal government. “For years, this program has been on autopilot, with no USDA insight into real-time data,” Agriculture Secretary Brooke Rollins wrote in a letter to states. Following the USDA’s demand for detailed information on food stamp recipients to review for fraud, a coalition of 21 states and the District of Columbia filed a federal lawsuit against the USDA, accusing the agency of unlawfully demanding massive amounts...
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.12%. June E-mini S&P futures (ESM26 ) fell -0.36%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.12%. June E-mini S&P futures (ESM26 ) fell -0.36%, and June E-mini Nasdaq futures...