aprott/iStock via Getty Images We keep hearing Nvidia Corporation's ( NVDA ) name in AI bubble discussions constantly, but I believe that many are looking at it through a very simple angle. To be fair, from what I find, the market is mixing two different things. One thing is whether hyperscalers will get enough AI ROI from all that capex. The other is whether NVDA in this phase is still selling in...
aprott/iStock via Getty Images We keep hearing Nvidia Corporation's ( NVDA ) name in AI bubble discussions constantly, but I believe that many are looking at it through a very simple angle. To be fair, from what I find, the market is mixing two different things. One thing is whether hyperscalers will get enough AI ROI from all that capex. The other is whether NVDA in this phase is still selling into a real infrastructure deficit. My thesis, as with previous articles , is still bullish. I think that while the biggest buyers are racing for compute, networking, and data center capacity, NVDA is getting the money before the market can actually evaluate AI ROI. The Bubble Let me start by saying that I do not think that AI bubble fear is dumb. Currently I believe that one of the biggest problems is not demand itself, but how this demand is financed. In the market, we already see a lot of so-called "circular financing" deals, where one AI ecosystem player is investing in another, and then they buy each other's products or rent infrastructure. Nvidia is investing in AI clients; those clients are buying Nvidia chips. Microsoft ( MSFT ) has a huge stake in OpenAI, which uses Azure, and Azure is buying Nvidia infrastructure. This is why I believe that the bear case has logic. Part of this demand could actually look like a closed money circle and not really a clean demand, so this is still a risk worth considering. But my opinion on this is a little different from this bear case. Because even if part of AI ecosystem financing is closely related, this does not mean that all of the demand is just going in circles. The main question for me is whether main buyers still do not have enough compute, networking, and data center capacity. While we have this deficit, Nvidia is still getting cash flows, which for growth stocks is what matters the most, in my opinion. Bottleneck Monetization Another argument of mine against the AI cycle starting to break is Nvidia's numbers. I believe that...
aprott/iStock via Getty Images We keep hearing Nvidia Corporation's ( NVDA ) name in AI bubble discussions constantly, but I believe that many are looking at it through a very simple angle. To be fair, from what I find, the market is mixing two different things. One thing is whether hyperscalers will get enough AI ROI from all that capex. The other is whether NVDA in this phase is still selling in...
aprott/iStock via Getty Images We keep hearing Nvidia Corporation's ( NVDA ) name in AI bubble discussions constantly, but I believe that many are looking at it through a very simple angle. To be fair, from what I find, the market is mixing two different things. One thing is whether hyperscalers will get enough AI ROI from all that capex. The other is whether NVDA in this phase is still selling into a real infrastructure deficit. My thesis, as with previous articles , is still bullish. I think that while the biggest buyers are racing for compute, networking, and data center capacity, NVDA is getting the money before the market can actually evaluate AI ROI. The Bubble Let me start by saying that I do not think that AI bubble fear is dumb. Currently I believe that one of the biggest problems is not demand itself, but how this demand is financed. In the market, we already see a lot of so-called "circular financing" deals, where one AI ecosystem player is investing in another, and then they buy each other's products or rent infrastructure. Nvidia is investing in AI clients; those clients are buying Nvidia chips. Microsoft ( MSFT ) has a huge stake in OpenAI, which uses Azure, and Azure is buying Nvidia infrastructure. This is why I believe that the bear case has logic. Part of this demand could actually look like a closed money circle and not really a clean demand, so this is still a risk worth considering. But my opinion on this is a little different from this bear case. Because even if part of AI ecosystem financing is closely related, this does not mean that all of the demand is just going in circles. The main question for me is whether main buyers still do not have enough compute, networking, and data center capacity. While we have this deficit, Nvidia is still getting cash flows, which for growth stocks is what matters the most, in my opinion. Bottleneck Monetization Another argument of mine against the AI cycle starting to break is Nvidia's numbers. I believe that...
Yoshua Bengio, Founder & Scientific Advisor at Mila Quebec AI Institute and Co-President & Scientific Director at LawZero discusses AI safety, agent risks and governance frameworks with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Yoshua Bengio, Founder & Scientific Advisor at Mila Quebec AI Institute and Co-President & Scientific Director at LawZero discusses AI safety, agent risks and governance frameworks with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Aaron David Miller, a senior fellow at the Carnegie Endowment for International Peace, joined Balance of Power to discuss the latest developments from the Iran War. He said he thinks Israel is not going to have much say in how the Iran war ends. (Source: Bloomberg)
Aaron David Miller, a senior fellow at the Carnegie Endowment for International Peace, joined Balance of Power to discuss the latest developments from the Iran War. He said he thinks Israel is not going to have much say in how the Iran war ends. (Source: Bloomberg)
Jeremy Rossen, Executive Vice President and General Counsel, reported the sale of 4,347 shares of Ziff Davis (NASDAQ:ZD) for a total of ~$199,000 on May 28, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($45.75); post-transaction value based on the transaction date closing price. * 1-year performance as of May 28, 2026. Continue reading
Jeremy Rossen, Executive Vice President and General Counsel, reported the sale of 4,347 shares of Ziff Davis (NASDAQ:ZD) for a total of ~$199,000 on May 28, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($45.75); post-transaction value based on the transaction date closing price. * 1-year performance as of May 28, 2026. Continue reading
SpaceX has officially kicked off its road show, in which it will market its colossal initial public offering to prospective institutional investors. Media outlets have reported that SpaceX is officially planning to raise $75 billion. Underwriters will have the option to purchase an additional $11.2 billion in shares, with a target valuation of $1.77 trillion. To pitch the largest IPO ever, investm...
SpaceX has officially kicked off its road show, in which it will market its colossal initial public offering to prospective institutional investors. Media outlets have reported that SpaceX is officially planning to raise $75 billion. Underwriters will have the option to purchase an additional $11.2 billion in shares, with a target valuation of $1.77 trillion. To pitch the largest IPO ever, investment bankers at Goldman Sachs are reportedly throwing out some pretty enormous growth projections for the company’s artificial intelligence unit, according to a report from the Financial Times. Continue reading
matejmo/iStock via Getty Images Investors Should Know: The conflict in Iran has generated widespread conversations about the impact of U.S. defense spending on various suppliers. However, heightened geopolitical tensions have also encouraged increased spending across the globe, most notably in other NATO countries. Global defense and aerospace spending is accelerating and has moved beyond traditio...
matejmo/iStock via Getty Images Investors Should Know: The conflict in Iran has generated widespread conversations about the impact of U.S. defense spending on various suppliers. However, heightened geopolitical tensions have also encouraged increased spending across the globe, most notably in other NATO countries. Global defense and aerospace spending is accelerating and has moved beyond traditional weapons. This comes amid rising electronic warfare threats and a surge in unmanned systems procurement. Background NATO member states have been under sustained pressure to increase defense budgets and modernize their military capabilities. The push spans multiple domains, from advanced weapons and missile defense to surveillance aircraft and unmanned systems. The publicly traded companies most central to this theme include large defense contractors with deep NATO program exposure. RTX ( RTX ) and General Electric ( GE ) are among the largest players by market cap in the global defense and aerospace space. Lockheed Martin ( LMT ) and Northrop Grumman ( NOC ) hold major positions across advanced weapons, bombers, missile defense, and space-based systems. BAE Systems plc ( BAESY ) and Dassault Aviation ( DUAVF ) represent significant European defense industrial capacity. Smaller and more specialized operators also populate the space. Kratos Defense & Security Solutions ( KTOS ) and Red Cat Holdings ( RCAT ) have exposure to unmanned systems. Rocket Lab Corporation ( RKLB ) operates in the launch and space systems segment. Kraken Robotics ( KRKNF ) and Park Aerospace Corp. ( PKE ) round out the broader ecosystem of publicly traded names with defense and aerospace exposure. Key Takeaways NATO modernization spending is broadening beyond traditional platforms to include unmanned systems, navigation resilience, and space-based defense. This expands the addressable market for both large and specialized contractors. GPS spoofing threats and hybrid warfare concerns are creating ne...
The US labor board’s top prosecutor on Thursday defended her push to settle one of the government’s most consequential cases against Amazon.com Inc., telling members of Congress she wasn’t required to recuse herself despite the e-commerce behemoth being her former client. During testimony before a US House subcommittee, Crystal Carey, the National Labor Relations Board’s general counsel, was asked...
The US labor board’s top prosecutor on Thursday defended her push to settle one of the government’s most consequential cases against Amazon.com Inc., telling members of Congress she wasn’t required to recuse herself despite the e-commerce behemoth being her former client. During testimony before a US House subcommittee, Crystal Carey, the National Labor Relations Board’s general counsel, was asked by US Representative Ilhan Omar about her office’s proposed settlement in a yearslong case involving Amazon’s responsibilities to subcontracted drivers. Amazon contracts with thousands of “delivery service partner” vendors to oversee hundreds of thousands of drivers who deliver millions of packages daily. Starting under President Joe Biden, and continuing through the first year of President Donald Trump’s second term, the agency had been prosecuting a landmark complaint arguing that Amazon exercised enough control to be liable as the “joint employer” of a group of such drivers who unionized in Palmdale, California, and was obligated to collectively bargain with them. Carey was sworn in as NLRB general counsel on January 7. In April, under her orders, the agency changed course: Its attorneys asked the judge considering the case to approve a proposed settlement under which the company would not be considered those workers’ boss. Carey had formerly represented Amazon as an attorney at the law firm Morgan, Lewis & Bockius, where she was a partner. “You have been on the job for about six months, and we’re already seeing one of the largest clients of your former firm get a bailout,” Omar told Carey at the hearing Thursday. Omar cited Bloomberg Businessweek ’s reporting on the case , which she said “uncovered the extensive control Amazon has over its drivers, from controlling their routes to even their hygiene,” despite claiming not to employ them. When Omar asked Carey if she had directed regional staff to pursue a settlement in the Palmdale case, Carey replied, “Yes, that is my...
Ethan Miller/Getty Images News The quantum computing ( QTUM ) sector reached a significant milestone Thursday with Quantinuum’s ( QNT ) initial public offering, marking what analysts are calling a turning point for an industry previously dominated by SPAC transactions. Antoine Legault, analyst at Wedbush Securities, characterized the IPO as “a marquee public listing for the space,” positioning Qua...
Ethan Miller/Getty Images News The quantum computing ( QTUM ) sector reached a significant milestone Thursday with Quantinuum’s ( QNT ) initial public offering, marking what analysts are calling a turning point for an industry previously dominated by SPAC transactions. Antoine Legault, analyst at Wedbush Securities, characterized the IPO as “a marquee public listing for the space,” positioning Quantinuum ( QNT ) as an “institutional grade premier quantum asset” that brings added credibility to the quantum computing industry. The sector’s current market capitalization sits at about $75B, including Quantinuum’s ( QNT ) market debut . However, Legault expects substantial growth ahead, projecting the industry could reach “multiple hundreds of billions in market capitalization, if not over $1T” within the next five to ten years, he told CNBC in an interview. While Quantinuum’s ( QNT ) current revenue remains modest—in the “few tens of millions of dollars” for 2025—Legault emphasized that valuations in quantum computing reflect long-term potential rather than near-term fundamentals. “Much like the sort of mind-bending physics that underlie these computing systems, the valuations in quantum computing tends to be a bit mind bending as well,” he noted. The analyst identified 2028 through 2030 as critical years for the industry, coinciding with when quantum advantage is expected to arrive and commercial adoption accelerates. More on Quantinuum Inc., Defiance Quantum ETF, etc. Wall Street Lunch: Quantinuum Soars 12% On Nasdaq Debut Following $1.7B IPO Quantinuum IPO: Not Falling For The Hype Quantinuum: Is This IPO Poised To Make A Quantum Leap? Quantinuum leaps in IPO debut as quantum era approaches SEALSQ is the most undervalued quantum stock ahead of Quantinuum listing
LS Power LLC is in advanced talks to buy Electricite de France SA ’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter. LS Power is discussing paying more than €4 billion ($4.7 billion) for the unit, one of the people said, asking not to be identified discussing confidential information. A deal may be announced in...
LS Power LLC is in advanced talks to buy Electricite de France SA ’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter. LS Power is discussing paying more than €4 billion ($4.7 billion) for the unit, one of the people said, asking not to be identified discussing confidential information. A deal may be announced in the coming days or next week, the people said. Talks may drag on for longer and could still fall apart, they added. A spokeswoman for EDF said the company can’t comment on an ongoing process, while a representative for LS Power declined to comment. The EDF unit for sale had 6.1 gigawatts of solar and wind in operations in the US, Canada and Mexico at the end of last year, and a further 19.2 gigawatts under development. A deal would further reshape the portfolio of closely held LS Power, which recently sold some of its gas-fired power plants to NRG Energy Inc. for about $13 billion in cash and NRG stock, while it acquired some renewable assets from Algonquin Power & Utilities Corp . The New York-based company also agreed this year to buy some electric-generation assets from Constellation Energy Corp. for about $5 billion, and purchased some onshore wind assets from BP Plc for an undisclosed amount. Deal activity has picked up in the US power industry as demand surges for electricity. Manufacturers, homes and especially data centers are all clamoring for more power, which is driving up prices. The tech industry continues to chase ambitious plans to add computing capacity across the US with the biggest Silicon Valley companies forecasting more than $700 billion of capital spending this year alone. Meantime, the French state-owned utility is raising funds to help finance the construction of nuclear reactors in France and the UK to replace part of its aging atomic plants. That investment—costing tens of billions of euros over the next two decades—coincides with falling French p...
Policy agreement means trans people will continue to have access to Kenwood Ladies’ and Highgate Men’s ponds in north-west London The bathing ponds at Hampstead Heath in north-west London will remain trans-inclusive after a public consultation overwhelmingly favoured its existing rules. There are gender-segregated ponds for men and women, with trans people able to swim in whichever they feel most ...
Policy agreement means trans people will continue to have access to Kenwood Ladies’ and Highgate Men’s ponds in north-west London The bathing ponds at Hampstead Heath in north-west London will remain trans-inclusive after a public consultation overwhelmingly favoured its existing rules. There are gender-segregated ponds for men and women, with trans people able to swim in whichever they feel most appropriate, or use the heath’s mixed-gender pond instead. Continue reading...
A rarely seen move in the NYSE Tick Index is raising questions about market momentum as investors prepare for a wave of new stock supply, including the highly anticipated SpaceX IPO.
A rarely seen move in the NYSE Tick Index is raising questions about market momentum as investors prepare for a wave of new stock supply, including the highly anticipated SpaceX IPO.
Live cattle futures are in rally mode on Thursday, with bulls active across most contracts, up $2.80 to $5.02 Cash trade started this week at $255, with more action at $256 later in the week. The Thursday Fed Cattle Exchange showed sales of $256.50 on 284 of the 1,116 head...
Live cattle futures are in rally mode on Thursday, with bulls active across most contracts, up $2.80 to $5.02 Cash trade started this week at $255, with more action at $256 later in the week. The Thursday Fed Cattle Exchange showed sales of $256.50 on 284 of the 1,116 head...
The wheat complex is extending the losses on Thursday, with the three exchanges falling at midday. Chicago SRW futures are 6 to 7 cents lower on Thursday. KC HRW futures are down 4 to 5 cents so far on the day. MPLS spring wheat is 4 to 7 cents in...
The wheat complex is extending the losses on Thursday, with the three exchanges falling at midday. Chicago SRW futures are 6 to 7 cents lower on Thursday. KC HRW futures are down 4 to 5 cents so far on the day. MPLS spring wheat is 4 to 7 cents in...
Cotton futures are trading with contracts 185 to 199 point losses on Thursday. The US dollar index is down $0.160 at $99.345. Crude Oil is back down $3.73 lower to $92.29. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for 2025/26 in the week of...
Cotton futures are trading with contracts 185 to 199 point losses on Thursday. The US dollar index is down $0.160 at $99.345. Crude Oil is back down $3.73 lower to $92.29. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for 2025/26 in the week of...
Corn futures are ramping up their death spiral liquidation from the last few weeks, with contracts down another 8 to 9 cents at midday. The CmdtyView national average Cash Corn price was is 8 3/4 cents at $3.88 ¼. USDA reported a private export sale of 115,000 MT of corn...
Corn futures are ramping up their death spiral liquidation from the last few weeks, with contracts down another 8 to 9 cents at midday. The CmdtyView national average Cash Corn price was is 8 3/4 cents at $3.88 ¼. USDA reported a private export sale of 115,000 MT of corn...