Trump Says US Weighing Taking Stakes In AI Companies Authored by Jacob Burg via The Epoch Times, President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies. Trump made the comment in response to a question about a recent News of the United States report , which suggeste...
Trump Says US Weighing Taking Stakes In AI Companies Authored by Jacob Burg via The Epoch Times, President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies. Trump made the comment in response to a question about a recent News of the United States report , which suggested that unnamed senior U.S. officials had discussed with major AI firms the possibility of the federal government holding some shares in their companies. “There’s so much money that is so big that there are concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies,” Trump said aboard Air Force One. “I have spoken to all of [the AI companies]. There’s something very interesting about it, where it almost becomes a partnership with the American public, and we’ll look into that,” he said. Trump said he and his team have a meeting scheduled in the “very near future” with major AI firms to discuss this possible venture. “We’re talking about it, where the American people can benefit from the success of AI, and by doing that, they can like it better,” Trump explained. Sen. Bernie Sanders (I-Vt.) penned an op-ed in The New York Times on Monday titled “A.I. Is a Public Resource. You Should Own Half of It,” where he announced he would soon introduce congressional legislation to give the American public a direct ownership stake in the largest AI companies in the United States. “It would create a sovereign wealth fund through a one-time 50 percent tax—not on the profits of OpenAI, Anthropic, xAI, and other companies, but paid with something far more valuable than that: the stock,” Sanders wrote in the piece. He said the legislation, which he plans to call the American A.I. Sovereign Wealth Fund Act, would give the American public a direct role in determining the future of AI while also guaranteeing that the tri...
Iraq striker questioned for seven hours at O’Hare Team photographer denied entry after more 10 hours Iraq return to World Cup for first time since 1986 Iraq’s World Cup striker, Aymen Hussein, was held and questioned for nearly seven hours at Chicago’s O’Hare airport after arriving with the squad early on Saturday, an Iraqi sporting official said. Hussein was finally allowed in, but the team’s pho...
Iraq striker questioned for seven hours at O’Hare Team photographer denied entry after more 10 hours Iraq return to World Cup for first time since 1986 Iraq’s World Cup striker, Aymen Hussein, was held and questioned for nearly seven hours at Chicago’s O’Hare airport after arriving with the squad early on Saturday, an Iraqi sporting official said. Hussein was finally allowed in, but the team’s photographer was barred from entering the United States, said the official who works for the Iraqi Olympic Committee, but has close contacts with the team. Continue reading...
Prem Rugby: Exeter 32-12 Saracens Mark McCall’s 15-year Sarries tenure comes to an end Not since 2021 have Exeter finished in the Prem top four, hence the heartfelt Devon roar at the final whistle. To beat their old rivals Saracens to a playoff place made this result all the sweeter for the hosts, if not for their downcast, deflated visitors. It will be the Chiefs who progress to the semi-final st...
Prem Rugby: Exeter 32-12 Saracens Mark McCall’s 15-year Sarries tenure comes to an end Not since 2021 have Exeter finished in the Prem top four, hence the heartfelt Devon roar at the final whistle. To beat their old rivals Saracens to a playoff place made this result all the sweeter for the hosts, if not for their downcast, deflated visitors. It will be the Chiefs who progress to the semi-final stage where they will meet Bath at the Rec. In doing so, they also officially drew the curtains on Mark McCall’s 15-year tenure in charge of Sarries. This is absolutely not how the Ulsterman or his players wanted it to end but, in the first half at least, this was exactly McCall’s type of game: hard, unforgiving and intense. Give or take the salary cap saga , he will leave behind a serious body of work and big shoes to fill. Continue reading...
Bath 24-22 Leicester Bath will host Exeter, Leicester to visit Northampton Bath-Leicester is about as earthy a rivalry as it gets, and, boy, in this era of free-flowing, almost surreal, rugby, here we had a proper throwback to times past. Brutal. And with this hardest of wins, Bath, the champions, have chiselled out the right to play at home in Saturday’s semi-final. You think Bath-Leicester is ea...
Bath 24-22 Leicester Bath will host Exeter, Leicester to visit Northampton Bath-Leicester is about as earthy a rivalry as it gets, and, boy, in this era of free-flowing, almost surreal, rugby, here we had a proper throwback to times past. Brutal. And with this hardest of wins, Bath, the champions, have chiselled out the right to play at home in Saturday’s semi-final. You think Bath-Leicester is earthy? Prepare for next week, when Northampton host Leicester (earthiest of them all?) and Bath will take on Exeter. Two semis, two derbies. Forget about the razzmatazz. This is why most of us fell in love with rugby. Continue reading...
An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings. However, the sell-off on Friday was next-level after a strong jobs report dashed hopes of a Federal Reserve interest rate...
An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings. However, the sell-off on Friday was next-level after a strong jobs report dashed hopes of a Federal Reserve interest rate cut and sent the 10-year bond yield soaring above 4.5%. The S & P 500 and Nasdaq plunged 2.6% and 4.2%, respectively, on Friday, making Tuesday's record-high closes seem like a distant memory. The massive rotation out of tech into lagging sectors like health care and financials did produce some winners for us. For the week, Eli Lilly rose 2.4%, and Wells Fargo gained 5.7%. When it was all said and done, the weekly losses in the S & P 500 and Nasdaq mirrored Friday's declines. The S & P 500 snapped a nine-week winning streak. Here is a closer look at what drove the market action last week, starting with the sky-high earnings expectations for Broadcom and two other Club tech names that went unmet. Hot stocks into earnings It started on Wednesday, when Palo Alto Networks shares sank despite delivering a strong beat-and-raise quarter the prior evening. The stock came into the print hot after setting a new record high on Monday. When management reiterated its long-term financial outlook, instead of raising it, the sellers drove the stock down by 5.6%. It didn't change our view on Palo Alto. We love that management finally showed Wall Street that AI can accelerate its business. That is huge considering how badly cyber stocks had sold off earlier in the year on what Jim Cramer said all along were unfounded disruption concerns. For the week, Palo Alto fell 3.4%. A similar story played out when CrowdStrike reported better-than-expected earnings and forward guidance on Wednesday evening. The stock was down more than 10% during Thursday's session but closed down less than 4%. Like Pa...
England make use of the limited time available on a rain-affected day three to move towards a much-needed victory over New Zealand in the first Test at Lord's.
England make use of the limited time available on a rain-affected day three to move towards a much-needed victory over New Zealand in the first Test at Lord's.
Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s trading activity, arguing that the volume and timing of transactions in his investment portfolio raised questions about potential conflicts of interest and reinforced the need to ban government officials from trading on...
Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s trading activity, arguing that the volume and timing of transactions in his investment portfolio raised questions about potential conflicts of interest and reinforced the need to ban government officials from trading on...
Elizabeth Warren Singles Out Micron, Dell And Eli Lilly As Just 3 Of The 3000+ Trades Trump Made: 'Looks Like An Absurd Level Of Corruption' Yahoo Finance
Elizabeth Warren Singles Out Micron, Dell And Eli Lilly As Just 3 Of The 3000+ Trades Trump Made: 'Looks Like An Absurd Level Of Corruption' Yahoo Finance
What's the most undervalued AI-adjacent stock right now? Seeking Alpha analysts Tangerine Tan Capital , Dmytro Lebid , and Oakoff Investments offer their picks. Tangerine Tan Capital : I see Nebius ( NBIS ) as heavily undervalued because the market still hasn't priced in the company's quality. The backlog and the rapid growth will probably result in the company generating at least $21B in revenue ...
What's the most undervalued AI-adjacent stock right now? Seeking Alpha analysts Tangerine Tan Capital , Dmytro Lebid , and Oakoff Investments offer their picks. Tangerine Tan Capital : I see Nebius ( NBIS ) as heavily undervalued because the market still hasn't priced in the company's quality. The backlog and the rapid growth will probably result in the company generating at least $21B in revenue in FY2028. This means that the forward multiple is extremely attractive because the market is focusing too much on short-term risks and not enough on the potential. An FY2028 P/S ratio of ~3x is far too low, especially since I assume the $21B revenue target is still too conservative. I expect revenue to be around $30B. Dmytro Lebid : This AI supercycle will continue, as will the growth of companies indirectly involved in this revolution. One such company, Sivers Semiconductors ( SIVEF ), is one of the best-kept secrets in the field of photonics, whose technologies have already been proven, applied, and are capable of reducing energy consumption by a record 90%. But since it's not listed in the U.S., the spotlight is on a similar asset with comparable potential: Aeluma ( ALMU ). Trends in data center scaling require new solutions that overcome the serious limitations in bandwidth and heat dissipation associated with traditional copper interconnects. Optical solutions offered by Aeluma provide an effective way to prevent data transmission bottlenecks. The company's patents in the field of optoelectronics enable seamless, high-speed data transmission using advanced semiconductors on silicon wafers. It is not just their uniqueness that matters; it is their ability to radically reduce power consumption, enabling the scaling of computing power. In my view, assets in the photonics sector currently available on the market remain largely overlooked by Wall Street, despite their recent record growth. Aeluma ( ALMU ) is one such company, with its shares trading at an unjustified disco...
It's not often that a major tech stock can be declared a "once-in-a-decade" opportunity, but that's what Microsoft (NASDAQ: MSFT) stock looks like now. By some valuation measures, this is the cheapest it has been in a decade, yet the company is producing incredible results and thriving in the artificial intelligence (AI) era. This combination makes for a stock that's well worth buying now. Image s...
It's not often that a major tech stock can be declared a "once-in-a-decade" opportunity, but that's what Microsoft (NASDAQ: MSFT) stock looks like now. By some valuation measures, this is the cheapest it has been in a decade, yet the company is producing incredible results and thriving in the artificial intelligence (AI) era. This combination makes for a stock that's well worth buying now. Image source: Getty Images. Microsoft has been thriving in the AI build-out. Its cloud computing platform, Azure, has become one of the top places to build, run, and train AI models and applications. Being a major player in the cloud computing arena isn't easy, as the competition is stiff. But Microsoft's product cements it as one of the top companies in this sector, and its 40% Azure revenue growth rate is evidence of that. Continue reading
AlexSecret Marvell Technology ( MRVL ) and Flex ( FLEX ) are expected to debut in the S&P 500 ( SP500 ) later this month, replacing Pool Corporation ( POOL ) and The Campbell’s Company ( CPB ), the S&P Dow Jones Indices announced on Friday evening. Marvell ( MRVL ), whose shares rallied on Tuesday after Nvidia ( NVDA ) CEO Jensen Huang said that it could be the next semiconductor company to reach ...
AlexSecret Marvell Technology ( MRVL ) and Flex ( FLEX ) are expected to debut in the S&P 500 ( SP500 ) later this month, replacing Pool Corporation ( POOL ) and The Campbell’s Company ( CPB ), the S&P Dow Jones Indices announced on Friday evening. Marvell ( MRVL ), whose shares rallied on Tuesday after Nvidia ( NVDA ) CEO Jensen Huang said that it could be the next semiconductor company to reach a $1T market cap, gained ~4% in after-hours in reaction. Flex ( FLEX ), a provider of electronic manufacturing services, traded ~1% higher. The Austin, Texas-based firm has more than doubled in value YTD, compared to Marvell’s ( MRVL ) over threefold rise. In comparison, swimming pool supplier Pool ( POOL ) and soup maker Campbell’s ( CPB ) have each lost roughly 20% this year. S&P Dow Jones Indices announced several other changes to its S&P MidCap 400 ( MDY ) and S&P SmallCap 600 indices as part of its quarterly rebalancing exercise. Roku ( ROKU ), Coeur Mining ( CDE ), Semtech ( SMTC ), Sanmina ( SANM ), and Viavi Solutions ( VIAV ) were named as the latest additions to the S&P MidCap 400 ( MDY ), while BellRing Brands ( BRBR ), Coty ( COTY ), Concentrix ( CNXC ), and Blackbaud ( BLKB ) were among the deletions. Notable additions to the S&P SmallCap 600 included United States Lime & Minerals ( USLM ), Credit Acceptance ( CACC ), and Lazard ( LAZ ), while Embecta ( EMBC ), Universal Health Realty Trust ( UHT ), and Oxford Industries ( OXM ) faced deletions. All changes are scheduled to take effect before markets open on June 22. More on Marvell, Flex, etc. Marvell To A Trillion Dollars: Don't Fall For The Hype (Rating Downgrade) Marvell: Strong Buy, Nvidia's Trillion-Dollar Call Looks Realistic Marvell: Optics Replaces Copper Notable analyst calls this week: Rio Tinto, UnitedHealth and Intuit among top picks Tech stocks drag down Nasdaq for the week; Intel, Qualcomm among losers