brunocoelhopt/iStock Editorial via Getty Images Thesis I covered MGM Resorts International ( MGM ) a couple of times. For those who may not know the company, MGM is an iconic gaming and hospitality company based in Las Vegas. It owns some of the most prominent casino resorts on the Las Vegas Strip, has a leading presence in Macau, and is expanding its online sports betting business through BetMGM ...
brunocoelhopt/iStock Editorial via Getty Images Thesis I covered MGM Resorts International ( MGM ) a couple of times. For those who may not know the company, MGM is an iconic gaming and hospitality company based in Las Vegas. It owns some of the most prominent casino resorts on the Las Vegas Strip, has a leading presence in Macau, and is expanding its online sports betting business through BetMGM . When I upgraded the stock to a Buy only a few months ago, at the time, my thesis centered on a key inflection point: BetMGM had finally turned into a meaningful cash-generating business, reducing reliance on MGM's highly leveraged balance sheet while creating a new source of earnings growth and shareholder value. Seeking Alpha That call has worked out really well in that short period of time. Yet the story has continued to evolve. MGM's Peer Group per SA (Seeking Alpha) The casino sector is heating up again as new rumors about M&A make the rounds. And MGM's stock jumped after reports linked the company to a possible deal involving Barry Diller . In this article, I'll break down the latest developments surrounding MGM, examine what they could mean for shareholders, and determine whether my Buy rating still stands. Are MGM Shareholders Being Asked To Sell Too Cheaply? The casino sector just got a lot more interesting. People Incorporated, Barry Diller's company (formerly known as IAC), submitted a non-binding proposal just yesterday to acquire all outstanding MGM shares it does not already own for $48.30 per share in cash, a move that would take the company private. In the same proposal, Diller explicitly stated that People would not sell its current stake or support any other transaction that would hand over control to a different party. The market quickly made it clear that investors thought the offer was too low. Seeking Alpha MGM shares traded well above the bid price, which usually means investors expect Barry Diller to raise his offer or anticipate a long back-and-for...
Here are the companies making headlines in midday trading. Generac — The power generator stock climbed almost 6% after the company said it would supply backup power for a "leading hyperscale data center operator." CEO Aaron Jagdfeld said, "This agreement positions Generac at the heart of supporting essential services and the digital economy." USA Rare Earth – The mining and manufacturing company g...
Here are the companies making headlines in midday trading. Generac — The power generator stock climbed almost 6% after the company said it would supply backup power for a "leading hyperscale data center operator." CEO Aaron Jagdfeld said, "This agreement positions Generac at the heart of supporting essential services and the digital economy." USA Rare Earth – The mining and manufacturing company gained close to 5% after announcing a $1.2 billion investment toward building a magnet manufacturing and refined metals facility in South Carolina Intuit – The maker of TurboTax dropped nearly 9% on the back of a Goldman Sachs downgrade to sell from hold. The firm sees shares falling about 22% from Monday's close. "Our primary concern is that Intuit is entering a period of heightened competition in tax," wrote analyst Gabriela Borges, adding that the firm expects shares to be "rangebound over the next several quarters." Shake Shack — The fast casual burger chain tumbled 10% after cutting its full-year earnings outlook along with its second-quarter revenue guidance. Shake Shack cited the "current macroeconomic uncertainty, competitive landscape, and related impacts" for the lower forecast. Optical stocks – Photonics companies linked to artificial intelligence and data center infrastructure saw shares surge on Tuesday after Hewlett Packard Enterprise reported rising AI-related demand in its server unit. Coherent surged 16%, while Lumentum added 13%. Specialty glass and fiber company Corning advanced 13%. Marvell Technology — Shares surged almost 30% after Nvidia CEO Jensen Huang said Marvell could be the next trillion-dollar company . Hewlett Packard Enterprise — The information technology stock surged 16% after Hewlett Packard posted current-quarter earnings and revenue guidance that topped analysts' estimates. The company also raised its full-year earnings guidance and topped consensus expectations. Victoria's Secret — The lingerie retailer raised its full-year guidance afte...
Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund ambitious and growing artificial intelligence spending plans. Ted Mortonson, Managing Director: Technology at Baird, discusses this offering, the historic AI infrastructure buildout, and the companies powering the current tech cycle.
Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund ambitious and growing artificial intelligence spending plans. Ted Mortonson, Managing Director: Technology at Baird, discusses this offering, the historic AI infrastructure buildout, and the companies powering the current tech cycle.
M. Suhail/iStock Editorial via Getty Images When I last covered Bunge Global SA ( BG ), I changed my rating from a "BUY" to a "HOLD" rating, following a very good return in the year 2025. It was a small position, but position sizing is really secondary to finding good investments. I believe it's actually a good idea to be careful when investing - diversifying and testing things out prior to puttin...
M. Suhail/iStock Editorial via Getty Images When I last covered Bunge Global SA ( BG ), I changed my rating from a "BUY" to a "HOLD" rating, following a very good return in the year 2025. It was a small position, but position sizing is really secondary to finding good investments. I believe it's actually a good idea to be careful when investing - diversifying and testing things out prior to putting 5% or even 10% in a single position. In my experience, such moves are indicative of someone who really knows what they are doing or someone who is very extreme in their approach with regard to risk tolerance. Therefore, before you start putting over 2-3% in a single position, regardless of the capital that you work with, I believe it's wise to ask yourself whether you're going in with a position of knowledge and conviction or whether you're saying that you're okay with the risk that's being taken here. If it's the latter, I would raise a finger of caution. I myself do allocate capital to what I view as "speculative" or risky, but I keep that capital below 10%, and since about 12 months back, below 5%, reflective of what I view as a very overvalued market overall. Some followers and subscribers have asked me if my massive cash position - about 45% at this time - is not indicative of a lack of conviction in my "BUY"-rated companies. I would argue that this is not the case. The cash position that any investor keeps is reflective, I'd say, both of their view of the state of overvaluation of the broader market as well as the need for cash for their personal circumstances. For me, it's currently a mix of both. I do feel that the market is so overvalued that it is entirely justified to not have everything put in, despite what I view as a high conviction for many investments. But I also have some things upcoming in my life that demand that I keep more in cash than I previously did, when I was usually at 90-95% invested at any one time. I can honestly say that I did not expect eve...
Federal jury convicts the securities analyst and trader, who could face a maximum penalty of 25 years in prison Sign up for the Breaking News US newsletter email A federal jury in California has convicted short seller Andrew Left of securities fraud. Left, who was a securities analyst, trader and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 wit...
Federal jury convicts the securities analyst and trader, who could face a maximum penalty of 25 years in prison Sign up for the Breaking News US newsletter email A federal jury in California has convicted short seller Andrew Left of securities fraud. Left, who was a securities analyst, trader and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of making false statements to federal investigators. As a short seller, Left would make money betting that stocks would fall. Continue reading...
A revival of the artificial-intelligence trade kept fueling Wall Street momentum, with stocks also rising on hopes for an agreement that would end the war that has roiled financial markets around the world. Francois Trahan, Chief Investment Strategist at BMO Capital Markets, discusses the macro forces that could alter market consensus. (Source: Bloomberg)
A revival of the artificial-intelligence trade kept fueling Wall Street momentum, with stocks also rising on hopes for an agreement that would end the war that has roiled financial markets around the world. Francois Trahan, Chief Investment Strategist at BMO Capital Markets, discusses the macro forces that could alter market consensus. (Source: Bloomberg)
For the second month in a row, StubHub Holdings (NYSE: STUB) stock landed well in positive territory in May. Bullish investors pushed the ticket company's equity to a gain of over 35%, with much of this coming from a surprise net profit it posted in its latest quarterly earnings report. Several analyst price target bumps didn't hurt either. StubHub's first-quarter figures were released on May 13, ...
For the second month in a row, StubHub Holdings (NYSE: STUB) stock landed well in positive territory in May. Bullish investors pushed the ticket company's equity to a gain of over 35%, with much of this coming from a surprise net profit it posted in its latest quarterly earnings report. Several analyst price target bumps didn't hurt either. StubHub's first-quarter figures were released on May 13, and they offered plenty of reasons for investors to be cheerful. Firstly, the company reported a 12% year-over-year revenue gain to $446 million. On top of that, gross merchandise sales (GMS) also headed north, rising by 7% to hit $2.2 billion. Image source: Getty Images. Continue reading
Shares of Ur-Energy (NYSEMKT: URG) are on fire today, soaring 23% as of Tuesday noon. There's no earnings report and no corporate updates. Instead, a multi-billion-dollar announcement just dropped elsewhere in the industry, and investors believe this single move could reshape the U.S. nuclear supply chain, instantly turning attention to Ur-Energy. Image source: Getty Images. Continue reading
Shares of Ur-Energy (NYSEMKT: URG) are on fire today, soaring 23% as of Tuesday noon. There's no earnings report and no corporate updates. Instead, a multi-billion-dollar announcement just dropped elsewhere in the industry, and investors believe this single move could reshape the U.S. nuclear supply chain, instantly turning attention to Ur-Energy. Image source: Getty Images. Continue reading
Intuitive Machines (NASDAQ: LUNR) stock felt as if it had been lifted into orbit last month. The company's shares rose by nearly 73%, due to both internal and external factors. These included, but were not limited to, the surge of interest in space stocks due to the initial public offering (IPO) regulatory filing by the Elon Musk-led SpaceX. Even before the blast of free publicity generated by tha...
Intuitive Machines (NASDAQ: LUNR) stock felt as if it had been lifted into orbit last month. The company's shares rose by nearly 73%, due to both internal and external factors. These included, but were not limited to, the surge of interest in space stocks due to the initial public offering (IPO) regulatory filing by the Elon Musk-led SpaceX. Even before the blast of free publicity generated by that filing, Intuitive was having a good May. On May 12, it announced via X (formerly Twitter) that it will participate in Andromeda, a huge program from the U.S. Space Force. Specifically, it is to design and implement cutting-edge space domain awareness (SDA) capabilities. These will be used to detect and track objects in geosynchronous orbit (i.e., orbit in sync with the Earth). Image source: Getty Images. Continue reading
Microsoft on Monday unveiled the Surface RTX Spark Dev Box , a compact desktop computer designed to let software developers run large AI models on their desks instead of paying for cloud computing — a move that directly challenges the per-token pricing model that has defined the AI industry's economics since ChatGPT launched three and a half years ago. The device, announced at Microsoft Build 2026...
Microsoft on Monday unveiled the Surface RTX Spark Dev Box , a compact desktop computer designed to let software developers run large AI models on their desks instead of paying for cloud computing — a move that directly challenges the per-token pricing model that has defined the AI industry's economics since ChatGPT launched three and a half years ago. The device, announced at Microsoft Build 2026 , packs Nvidia’s new Blackwell-architecture RTX Spark processor and 128 gigabytes of unified memory into a small-form-factor chassis, delivering what Nvidia rates at one petaflop of AI compute. In practical terms, that means a developer can load, run and interact with AI models exceeding 120 billion parameters without sending a single API call to the cloud. "These class of devices, we think, will get to about 100 billion parameter model running," Pavan Davuluri, Microsoft's executive vice president of Windows and Devices, said during a press briefing ahead of the event. He emphasized that raw model size is only part of the equation: "The model size is one thing, but for the model to be effective, it kind of needs to be able to have enough context, because a larger model, you feed it larger context." At 100,000 tokens of context, he noted, the key-value cache alone can consume 40 to 50 gigabytes of memory — which is precisely why Microsoft and Nvidia engineered the device around a 128-gigabyte unified memory pool shared dynamically between the CPU and GPU. The machine will be available later this year in the United States, sold exclusively through Microsoft.com. The company did not disclose pricing. Why Microsoft is betting that AI's future runs on fixed costs, not cloud meters The Surface RTX Spark Dev Box arrives at a moment when the economics of AI development have become a boardroom-level concern. Companies large and small are grappling with cloud GPU bills that scale unpredictably: every fine-tuning run, every inference call, every agentic workflow that loops through a...
For the past two years, the technology industry has raced to make AI agents more capable — teaching them to write code, navigate software interfaces, manage files, and orchestrate multi-step workflows with increasing autonomy. What the industry has not done, at least not with any consistency, is answer the question that keeps chief information security officers awake at night: what happens when an...
For the past two years, the technology industry has raced to make AI agents more capable — teaching them to write code, navigate software interfaces, manage files, and orchestrate multi-step workflows with increasing autonomy. What the industry has not done, at least not with any consistency, is answer the question that keeps chief information security officers awake at night: what happens when an agent goes wrong? On Tuesday at its annual Build developer conference, Microsoft offered what may become the definitive answer. The company introduced Microsoft Execution Containers , or MXC — a policy-driven execution layer, built into the Windows operating system itself, that lets developers and IT administrators declare exactly what an AI agent can and cannot access, with those boundaries enforced at runtime by the OS kernel. The announcement, buried within a sweeping set of developer-focused updates , is arguably the most consequential platform move Microsoft made at Build this year, and it has the potential to reshape how every enterprise on Earth thinks about deploying autonomous AI software. MXC is not a product you buy. It is an SDK and a policy model — a foundational primitive embedded in Windows and the Windows Subsystem for Linux — that provides what Microsoft calls a " composable sandbox spectrum ." That spectrum ranges from lightweight process isolation, already adopted by GitHub Copilot's command-line interface, all the way up to micro-virtual machines, Linux containers, and full cloud instances running on Windows 365. The system separates an agent's execution from the user's desktop, clipboard, user interface, and input devices. Critically, it binds every agent to a strong identity — either a local ID or a cloud-provisioned identity backed by Microsoft Entra — so that every action the agent takes can be attributed, audited, and governed. The implications are enormous. Until now, the enterprise deployment of AI agents has been stuck in a paradox: the more aut...
Abstrax joins the ranks of Google, Nvidia, Adidas, Walmart, and more, earning the #5 spot in the Manufacturing category Abstrax Makes it to Fast Company's Most Innovative Companies 2026 We made the list as #5 in Manufacutring on Fast Company's Most Innovative Companies 2026 Irvine, CA, June 02, 2026 (GLOBE NEWSWIRE) -- IRVINE, CA (March 24, 2026) — Abstrax, a botanical flavor science company trans...
Abstrax joins the ranks of Google, Nvidia, Adidas, Walmart, and more, earning the #5 spot in the Manufacturing category Abstrax Makes it to Fast Company's Most Innovative Companies 2026 We made the list as #5 in Manufacutring on Fast Company's Most Innovative Companies 2026 Irvine, CA, June 02, 2026 (GLOBE NEWSWIRE) -- IRVINE, CA (March 24, 2026) — Abstrax, a botanical flavor science company transforming how breweries and beverage brands source and use flavor ingredients, has been named to Fast