We are approaching the third month since the traffic across the Strait of Hormuz declined significantly. Initially, the U.S. estimates talked about a war that would have lasted no more than eight weeks, but as of now the situation remains pretty much in a stalemate phase. The ceasefire halted bombings, but the Strait remains closed, and there is no relief for the global energy supply chain. Over t...
We are approaching the third month since the traffic across the Strait of Hormuz declined significantly. Initially, the U.S. estimates talked about a war that would have lasted no more than eight weeks, but as of now the situation remains pretty much in a stalemate phase. The ceasefire halted bombings, but the Strait remains closed, and there is no relief for the global energy supply chain. Over the last few weeks, new important updates about the U.S. oil reserves came out, and some of them looked very concerning: From May 8 to May 15, the US Strategic Petroleum Reserve (SPR) decreased by 9.90 million barrels , the largest single-week drawdown in history. Over the same reference period, U.S. commercial crude oil inventories dropped by 7.90 million barrels compared to the previous week. So, is the U.S. really running out of oil? Let’s see what the data tells us. Why the U.S. Oil Boom Can't Save Its Strategic Reserves The U.S. currently holds 819.18 million barrels of oil . This amount is the sum of two categories: Commercial Inventories (~445 million barrels), which represent the amount of oil reserves owned by private energy companies. These reserves are stored in commercial tank farms or inside oil refineries and are used for daily operations. Strategic Petroleum Reserve (SPR) (~374 million barrels), which is the government's emergency oil reserve and serves to counter potential energy shocks like the one we are currently facing. When the energy supply chain suffers a major blow, the government steps in and unleashes millions of barrels of oil. Simply put, you can consider the commercial inventories as your checking account and the SPR as your savings account. When you run out of money in your savings account, this is when things start to look very bad. Therefore, if we want to understand whether the U.S. can overcome the current energy crisis or not, we need to focus mostly on the SPR. Is the latter large enough? Well, it depends. EIA First of all, the timing in w...
Airbus SE sees an opportunity to build helicopters in Canada for global export if it wins upcoming government contracts, as the country embarks on a historic defense spending spree and pushes to expand manufacturing jobs. The European firm already employs more than 5,000 people in Canada, and it’s now growing its ambitions as Prime Minister Mark Carney ’s government seeks closer ties with Europe, ...
Airbus SE sees an opportunity to build helicopters in Canada for global export if it wins upcoming government contracts, as the country embarks on a historic defense spending spree and pushes to expand manufacturing jobs. The European firm already employs more than 5,000 people in Canada, and it’s now growing its ambitions as Prime Minister Mark Carney ’s government seeks closer ties with Europe, said Olivier Michalon , executive vice president of global business for Airbus Helicopters. “Clearly, if Airbus helicopters are selected for any of the big upcoming campaigns and there is an industrial project which is tied to this contract, it’s an opportunity to export what would be manufactured here to the worldwide market,” he said in an interview in Ottawa. “We’re selling helicopters to 170 countries around the world and not everything has to come necessarily from our main plants in France or in Germany.” Carney’s government has launched a sweeping defense industrial strategy to spend more of its growing military budget at home and reduce reliance on US suppliers. As part of that shift, it’s demanding stronger job and investment commitments from foreign firms when it buys their gear. Airbus briefed reporters on Tuesday ahead of a major defense-industry exhibition in Canada’s capital. Germany and Poland’s defense ministers are slated to speak at CANSEC , which is drawing as many as 20,000 delegates — a sign of surging interest in selling military equipment to Canada. The company is eyeing three major helicopter projects in Canada, including for the Canadian Armed Forces , the Canadian Coast Guard and the Royal Canadian Mounted Police . Michalon said Airbus has been talking to government officials about their helicopter needs and how to generate more domestic value, and potentially exports, from Canada. Defense Minister David McGuinty ’s office didn’t immediately respond to a request for comment. Read More: AirAsia Signs Major Deal for Airbus A220 Jets Made in Canada Mic...
The dollar index (DXY00) on Tuesday fell by -0.07%. The dollar moved lower on Tuesday amid signs that peace negotiations between the US and Iran are progressing, which curbed safe-haven demand for the dollar. Also, Tuesday's rally in the S&P 500 to a new record high has dampened liquidity demand for the dollar. In addition, Tuesday's -2% fall in crude oil prices lowers inflation expectations and m...
The dollar index (DXY00) on Tuesday fell by -0.07%. The dollar moved lower on Tuesday amid signs that peace negotiations between the US and Iran are progressing, which curbed safe-haven demand for the dollar. Also, Tuesday's rally in the S&P 500 to a new record high has dampened liquidity demand for the dollar. In addition, Tuesday's -2% fall in crude oil prices lowers inflation expectations and may prompt the Fed to ease monetary policy, a negative factor for the dollar. The dollar recovered from its worst level after the US May consumer confidence index fell less than expected. The US Apr Chicago Fed National Activity Index rose +0.29 to a 13-month high of 0.14, stronger than expectations of -0.03. Join 200K+ Subscribers: The US Mar S&P Composite-20 home price index rose +0.83% y/y, a smaller increase than expectations of +0.90% y/y and the smallest year-on-year gain in more than 2.5 years. The Conference Board US May consumer confidence index fell -0.7 to 93.1, a smaller decline than the 92.0 expected. Swaps markets are discounting the odds at 3% for a 25 bp rate cut at the next FOMC meeting on June 16-17. EUR/USD (^EURUSD) on Tuesday fell by -0.13%. The moved lower on Tuesday amid comments from ECB Executive Board member Isabel Schnabel, who said the negative impact on economic growth in the Eurozone due to the energy shock from the Iran war will be stronger than initially feared. Losses in the euro were limited after ECB Chief Economist Philip Lane said the ECB will probably raise its quarterly inflation outlook at next month's policy meeting. Also, ECB Executive Board member Isabel Schnabel said the ECB should hike interest rates in June. ECB Executive Board member Isabel Schnabel said even if there's a quick resolution to the conflict in the Middle East, "I think a rate hike by the ECB in June will be needed." She added that "given the high persistence of the energy shock, I believe that the negative impact on economic growth will also be stronger" than initi...
Key Points Bloom Energy is deploying energy servers to AI data centers -- and cashing in on the demand. Nano Nuclear Energy is developing a microreactor that could supply clean, reliable power. 10 stocks we like better than Bloom Energy › Energy is the vital force powering the economy. And as artificial intelligence (AI) and data centers create new demands for electricity, the energy sector is exp...
Key Points Bloom Energy is deploying energy servers to AI data centers -- and cashing in on the demand. Nano Nuclear Energy is developing a microreactor that could supply clean, reliable power. 10 stocks we like better than Bloom Energy › Energy is the vital force powering the economy. And as artificial intelligence (AI) and data centers create new demands for electricity, the energy sector is expected to grow immensely in the coming decades. For investors looking for exposure to this growing industry, the following two growth stocks are easily worth a $100 investment. 1. Bloom Energy Bloom Energy (NYSE: BE) is hands down one of the most momentous energy stocks on the market today. The clean energy supplier has grown by over 200% since the start of the year -- and a whopping 1,450% since last year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » In a nutshell, Bloom makes big box-shaped energy servers that allow businesses to generate electricity on-site instead of buying all of it from the grid. These mini power plants ensure the lights stay on even when the main power grid goes out. That makes them perfect for clients who need reliable 24/7 power, like hospitals and data centers. Indeed, one of Bloom's first "proof of concept" moments was in the early stages of the COVID-19 pandemic, when it deployed energy servers to a field hospital in Sacramento. The 400-kilowatt (KW) "microgrid" was installed in less than a week and provided power to the makeshift medical facility, itself a response to California's overcrowded hospitals. Since 2025, Bloom's marquee client list has grown stronger due to high demand from AI data centers. Bloom inked its biggest deal with Brookfield Asset Management at the end of 2025, a $5 million agreement to deploy Bloom's servers for the asset manager's AI factories. It rec...
(0:45) - Why Should Investors Care About Share Buybacks? (5:35) - ProShares S&P 500 Buyback Aristocrats ETF: BUYB (11:00) - ProShares S&P 500 Dividend Aristocrats ETF: NOBL (15:30) - Breaking Down The Current Market Valuations (21:10) - ProShares S&P Technology Dividend Aristocrats ETF: TDV (27:20) - ProShares Nasdaq-100 Dorsey Wright Momentum ETF: QQQA (31:00) - Episode Roundup: WDC, STX Podcast@...
(0:45) - Why Should Investors Care About Share Buybacks? (5:35) - ProShares S&P 500 Buyback Aristocrats ETF: BUYB (11:00) - ProShares S&P 500 Dividend Aristocrats ETF: NOBL (15:30) - Breaking Down The Current Market Valuations (21:10) - ProShares S&P Technology Dividend Aristocrats ETF: TDV (27:20) - ProShares Nasdaq-100 Dorsey Wright Momentum ETF: QQQA (31:00) - Episode Roundup: WDC, STX Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Kieran Kirwan, Director, Investment Strategy at ProShares, about buyback, dividend growth, and momentum strategies. American companies are buying back their shares at a record pace. S&P 500 companies announced plans to buy back $665 billion worth of shares in the four months through April, the most ever to start a year, according to Bloomberg. Earlier this month, Apple AAPL announced a new $110 billion buyback program. And last week, NVIDIA NVDA announced an $80 billion share buyback plan. Share repurchases are down sharply for the rest of the Magnificent Seven this year, as these companies are spending heavily on their AI buildout. The ProShares S&P 500 Buyback Aristocrats ETF BUYB is the first and only ETF focused exclusively on companies with a consistent history of share buybacks. According to academic research, this strategy has historically tended to outperform other companies. Dividend-paying stocks have been out of favor lately, as most investors have piled into growth stocks, while dividend payers are traditionally more mature companies in old-economy sectors. The ProShares S&P 500 Dividend Aristocrats ETF NOBL invests in companies that have grown dividends for more than 25 years. Is it time to invest in these high-quality companies with solid balance sheets and stable cash flows? The Nasdaq-100 Dorsey Wright Momentum ETF QQQA invests in 21 leading stocks from the Nasdaq-100, based on their momentum. The fund has skyrocketed 51% this year, thanks mainly to the surge in stocks like Micron Technology MU and Int...
Hasan Piker Says Quiet Part Out Loud, Maps Radical Left NGO Network To China-Based Marxist Financier Far-left Turkish-American millionaire and Twitch streamer Hasan Piker appears to have committed an operational-security mistake by publicly identifying American Marxist tech financier Neville Roy Singham, who has reportedly been living in China and has been linked by The New York Times to CCP-align...
Hasan Piker Says Quiet Part Out Loud, Maps Radical Left NGO Network To China-Based Marxist Financier Far-left Turkish-American millionaire and Twitch streamer Hasan Piker appears to have committed an operational-security mistake by publicly identifying American Marxist tech financier Neville Roy Singham, who has reportedly been living in China and has been linked by The New York Times to CCP-aligned propaganda networks, as a major financier of pro-Marxist revolutionary NGOs operating inside the U.S. On Sunday, Piker discussed the U.S. Treasury's " Requests for Information " subpoena related to his "humanitarian trip" to Cuba with pro-China CodePink cofounder Susan Medea Benjamin. That story was first published by Fox News' lead NGO investigator, Asra Nomani , on Saturday. Piker pointed out that the Treasury likely has a broader target, is "probably Singham" and "his operation," naming PSL (Party for Socialism and Liberation), ANSWER Coalition, Code Pink, and "anything that he has ever financed." He then acknowledged that Roy Singham lives in China and has been "a funding vehicle" for political movements and activism in the U.S. We're sure Singham network comrades are absolutely furious with Piker because, as NGO investigator Stu Smith wrote on X, "Hasan didn't refute the network. He mapped it." 🚨 Hasan Names Singham, PSL, ANSWER, and Code Pink in One Breath On stream today, Hasan Piker discussed the reported Treasury scrutiny and said the broader target is “probably Singham” and “his operation,” naming PSL (Party for Socialism and Liberation), ANSWER Coalition, Code… pic.twitter.com/0zpYhJbPV2 — Stu Smith (@thestustustudio) May 25, 2026 Piker's disclosure of Singham on a livestream is significant because it appears to validate long-standing concerns from congressional, Treasury, and State Department investigators that the Singham-funded nonprofit network is not only engaged in charitable work but is also a far-left agitation network financed by Singham in China . Ti...
Pope Leo XIV attends the presentation of his first Encyclical Letter "Magnifica Humanitas" focused on the rise of artificial intelligence, in The Vatican on May 25, 2026. (Photo by Alberto PIZZOLI / AFP via Getty Images) Alberto Pizzoli | Afp | Getty Images Interior Secretary Doug Burgum opened a new front Tuesday in the Trump administration's public feud with the Vatican, dismissing Pope Leo XIV'...
Pope Leo XIV attends the presentation of his first Encyclical Letter "Magnifica Humanitas" focused on the rise of artificial intelligence, in The Vatican on May 25, 2026. (Photo by Alberto PIZZOLI / AFP via Getty Images) Alberto Pizzoli | Afp | Getty Images Interior Secretary Doug Burgum opened a new front Tuesday in the Trump administration's public feud with the Vatican, dismissing Pope Leo XIV's warning about artificial intelligence as the White House resists new guardrails on the rapidly evolving technology . "I didn't know that tech editorializing was part of the role of being pope," Burgum said in an interview on Fox Business, referring to Leo's first encyclical , a 42,300-word document that called for stronger AI oversight and warned the technology could displace workers , deepen inequality and put lethal weapons decisions beyond human control. But Vice President JD Vance , the highest-ranking Catholic in the Trump administration and one of its most prominent links to Silicon Valley , in an interview with NBC praised the same message as "profound" and the kind of "moral leadership" the church should offer at the start of the AI age. The split response underscores the delicate politics facing President Donald Trump as he makes AI dominance and deregulation central to his second-term economic agenda while navigating an increasingly public feud with the first American pope. "The vice president now seems to be backtracking on earlier criticisms when he said Pope Leo needs to learn more theology," said Peter Casarella, a Duke Divinity School professor of theology who studies AI. "They got ahead of their skis and are rowing back." Leo's remarks follow Trump's decision last week to delay an executive order that would have created a voluntary AI safety review process. Reversing course after tech industry pressure, Trump cited concerns that oversight could slow the U.S. competitive edge against China . Some Catholics have also warned that unchecked AI could outpace po...
"They only had to ring us up and tell us what was going on that day," he says. "His friends would have gone, we would have gone, he could have come here. But it never happened, for that one phone call."
"They only had to ring us up and tell us what was going on that day," he says. "His friends would have gone, we would have gone, he could have come here. But it never happened, for that one phone call."
Chinese Foreign Minister Wang Yi took a swipe at the United States at a press conference at the United Nations on Tuesday as he touted the need to safeguard multilateralism and the UN Charter in times of great instability. “As we have seen for the recent period of time, the purposes of the UN Charter have been disregarded, the basic norms of international relations have been undermined, and world ...
Chinese Foreign Minister Wang Yi took a swipe at the United States at a press conference at the United Nations on Tuesday as he touted the need to safeguard multilateralism and the UN Charter in times of great instability. “As we have seen for the recent period of time, the purposes of the UN Charter have been disregarded, the basic norms of international relations have been undermined, and world peace and security are in great jeopardy,” Wang said, without mentioning the United States or US President Donald Trump by name. “At this critical juncture, we believe that the Security Council must step forward, and the Security Council must shoulder its responsibilities.” Advertisement China’s top diplomat also expressed hope that the US and Iran can “meet each other halfway” so peace can return to the Mideast. China assumed the presidency of the UN Security Council in May, a rotating one-month position shared among the council’s 15 members, with Wang in New York to support his nation as it led the top UN body. Beijing lays out its views on world order at Chinese Foreign Minister’s press conference
JHVEPhoto/iStock Editorial via Getty Images Micron Technology ( MU ) rocketed 19.3% on Tuesday to close at $895.88, a share price that obliterated its prior all-time closing high of $803.63 set on May 13. The memory maker's market capitalization also surpassed the hallowed $1T mark, closing at $1.01T. There are only 11 other companies with market caps currently at or above $1T. Micron certainly ha...
JHVEPhoto/iStock Editorial via Getty Images Micron Technology ( MU ) rocketed 19.3% on Tuesday to close at $895.88, a share price that obliterated its prior all-time closing high of $803.63 set on May 13. The memory maker's market capitalization also surpassed the hallowed $1T mark, closing at $1.01T. There are only 11 other companies with market caps currently at or above $1T. Micron certainly has room to run as UBS increased its price target to $1,625. Other memory and storage stocks also showed strong finishes on Tuesday. Western Digital ( WDC ) jumped 8.3% to close at a record high of $524.65. Its prior all-time high of $515.83 was set on May 11. Evercore raised its price target on the stock to $575. Seagate Technology ( STX ) and Sandisk ( SNDK ) shares climbed by 4% and 7.5%, respectively. Among chip companies, Marvell ( MRVL ) popped up 6%, Onsemi ( ON ) surged 9.3%, AMD ( AMD ) gained 7.8%, and Arm ( ARM ) edged up 4.8%. However, Cerebras Systems ( CBRS ) declined 5.8% by the close as the stock continues to edge down following its blockbuster IPO earlier this month. "We see limited evidence of speculative multiple inflation, supporting durability of the rally amid secular AI infrastructure growth," said Bank of America analysts. Analog stocks also took part in Tuesday's rally. Texas Instruments ( TXN ), STMicroelectronics ( STM ), and Analog Devices ( ADI ) increased by 5%, 5.73%, and 5.76%, respectively. A couple of semiconductor equipment manufacturers also enjoyed a terrific Tuesday. Lam Research ( LRCX ) jumped 5.7%, and Applied Materials ( AMAT ) increased 5.3%. ASML ( ASML ) remained relatively flat. Hedge funds and mutual funds are continuing a dramatic rotation out of software stocks and deeper into semiconductors, according to a new report from Goldman Sachs, underscoring how investors are repositioning for the next phase of the AI-driven market rally. The Philadelphia Semiconductor Index ( SOX ) jumped 5.5% by the Tuesday closing bell. More on Micr...
Peloton Interactive (NASDAQ:PTON), a connected fitness products and services provider, closed Tuesday at $5.77, up 1.05%. The stock moved following the announcement of Sid Thacker as its new Chief Financial Officer. Investors are watching how leadership changes support its ongoing profitability gains. Trading volume reached 65.8 million shares, about 364% above its three-month average of 14.2 mill...
Peloton Interactive (NASDAQ:PTON), a connected fitness products and services provider, closed Tuesday at $5.77, up 1.05%. The stock moved following the announcement of Sid Thacker as its new Chief Financial Officer. Investors are watching how leadership changes support its ongoing profitability gains. Trading volume reached 65.8 million shares, about 364% above its three-month average of 14.2 million shares. Peloton Interactive IPO'd in 2019 and has fallen 78% since going public. How the markets moved today The S&P 500 added 0.62% to finish Tuesday at 7,519, while the Nasdaq Composite gained 1.19% to close at 26,656. In the leisure space, industry peer Yeti closed at $46.05, up 1.36%, as investors compare branded consumer demand trends across discretionary names. What this means for investors While the market didn’t seem to have a major reaction to Sid Thacker joining Peloton as the company’s new CFO, it could prove to be a promising move for investors. Thacker was previously the CFO at Rent the Runway for the last three years and “reset the company's balance sheet and drove a return to top-line revenue and subscriber growth.” This ties in perfectly with the cost restructuring and streamlining taking place at Peloton. The company recently reached break-even profitability and recorded its first-quarter revenue growth since early 2022. Thacker flipped RENT stock’s net income positive in a relatively short time there, so Peloton should be in good financial hands with this announcement. One note for interested investors: PTON’s share count has climbed 7% annually since 2023, however. Should you buy stock in Peloton Interactive right now? Before you buy stock in Peloton Interactive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Peloton Interactive wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix mad...
JHVEPhoto/iStock Editorial via Getty Images Micron Technology ( MU ) rocketed 19.3% on Tuesday to close at $895.88, a share price that obliterated its prior all-time closing high of $803.63 set on May 13. The memory maker's market capitalization also surpassed the hallowed $1T mark, closing at $1.01T. There are only 11 other companies with market caps currently at or above $1T. Micron certainly ha...
JHVEPhoto/iStock Editorial via Getty Images Micron Technology ( MU ) rocketed 19.3% on Tuesday to close at $895.88, a share price that obliterated its prior all-time closing high of $803.63 set on May 13. The memory maker's market capitalization also surpassed the hallowed $1T mark, closing at $1.01T. There are only 11 other companies with market caps currently at or above $1T. Micron certainly has room to run as UBS increased its price target to $1,625. Other memory and storage stocks also showed strong finishes on Tuesday. Western Digital ( WDC ) jumped 8.3% to close at a record high of $524.65. Its prior all-time high of $515.83 was set on May 11. Evercore raised its price target on the stock to $575. Seagate Technology ( STX ) and Sandisk ( SNDK ) shares climbed by 4% and 7.5%, respectively. Among chip companies, Marvell ( MRVL ) popped up 6%, Onsemi ( ON ) surged 9.3%, AMD ( AMD ) gained 7.8%, and Arm ( ARM ) edged up 4.8%. However, Cerebras Systems ( CBRS ) declined 5.8% by the close as the stock continues to edge down following its blockbuster IPO earlier this month. "We see limited evidence of speculative multiple inflation, supporting durability of the rally amid secular AI infrastructure growth," said Bank of America analysts. Analog stocks also took part in Tuesday's rally. Texas Instruments ( TXN ), STMicroelectronics ( STM ), and Analog Devices ( ADI ) increased by 5%, 5.73%, and 5.76%, respectively. A couple of semiconductor equipment manufacturers also enjoyed a terrific Tuesday. Lam Research ( LRCX ) jumped 5.7%, and Applied Materials ( AMAT ) increased 5.3%. ASML ( ASML ) remained relatively flat. Hedge funds and mutual funds are continuing a dramatic rotation out of software stocks and deeper into semiconductors, according to a new report from Goldman Sachs, underscoring how investors are repositioning for the next phase of the AI-driven market rally. The Philadelphia Semiconductor Index ( SOX ) jumped 5.5% by the Tuesday closing bell. More on Micr...
Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...
Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...
Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified following last week’s SpaceX initial public offering . Shares of space infrastructure company Redwire jumped 26%, satellite broadband communication company AST SpaceMobile surged 13% and rocket and spacecraft maker Firefly Aerospace rose 19%. Growing excitement around the burgeoning space econo...
Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified following last week’s SpaceX initial public offering . Shares of space infrastructure company Redwire jumped 26%, satellite broadband communication company AST SpaceMobile surged 13% and rocket and spacecraft maker Firefly Aerospace rose 19%. Growing excitement around the burgeoning space economy is increasingly favoring companies positioned to benefit not only from SpaceX’s debut, but also from rising enthusiasm for space exploration and increased funding. A Bank of America basket of US companies that are key players and potential beneficiaries of the space race has climbed 61% this year. The gauge had its biggest one-day gain since April of last year. Meanwhile, the Procure Space ETF, a fund with a market value of about $1 billion, has gained about 69% so far this year. What You Need to Know Today BP fired Chairman Albert Manifold just months into the job due to serious concerns about “ governance standards, oversight and conduct ,” prolonging a period of turmoil at the UK oil major. BP has had three chief executives in as many years. The latest sudden departure raises fresh questions about the company’s processes at a time when it is seeking to turn around years of poor performance, rebuild its balance sheet and focus on its core oil and gas business. Manifold’s removal consolidates the authority of Meg O’Neill—Big Oil’s first female CEO and BP’s first external hire for the top job —who joined on April 1. Renewed White House claims of a peace deal ending the US-Israel war with Iran were thrown into doubt by fresh hostilities, including a US attack near the Strait of Hormuz it said was defensive in nature. Global benchmark Brent rose to trade around $100 a barrel . Stocks nevertheless rose toward a record as hopes for a deal appeared to overshadow the renewed fighting , including in southern Lebanon, where Israel is expanding its ongoing invasion despite a ceas...
Today, Wall Street is obsessed with a question: “Where is the money from AI?” Analysts are meticulously calculating return on investment (ROI), studying the revenue from subscriptions, and doubting whether software companies will be able to monetize the gigantic capital expenses that Big Tech is pouring into infrastructure. In my opinion, though, there is another question to ask. The real threat t...
Today, Wall Street is obsessed with a question: “Where is the money from AI?” Analysts are meticulously calculating return on investment (ROI), studying the revenue from subscriptions, and doubting whether software companies will be able to monetize the gigantic capital expenses that Big Tech is pouring into infrastructure. In my opinion, though, there is another question to ask. The real threat to the tech sector — and the whole U.S. stock market — is not hiding in a deficit of ideas for AI monetization but in a classic economic shock: a crisis of computing power overproduction. Investors are used to thinking that the GPU shortage will last forever. But the flywheel of the investment cycle is already launched, and the reverse countdown has begun. The Anatomy of Demand and Supply In 2023 and 2024, this industry faced a harsh bottleneck. Chips were in short supply, cloud giants stood in queues, and rental rates for flagship Nvidia (NVDA) H100 GPUs peaked near $8 an hour. The logic of businesses back then was simple: Grab any accessible capacity no matter the price. An unprecedented building boom began in response to this shortage. Hyperscalers — Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL) — and hundreds of other companies began to build data centers in huge volumes. This is where the time lag plays out. Data centers, which began to be built in 2024 and 2025, are coming online right now in a big way. They're also hitting the market simultaneously with chips from the latest generations, such as the Blackwell (B200) architecture, which is multiple times more efficient than its predecessors. Oversupply has already begun to corrode unit economics. As fresh academic research on the dynamics of the cloud market shows, spot rates for once-scarce H100 chips at specialized providers have already collapsed to $1.49 to $1.99 an hour, while AWS has been forced to conduct an aggressive lowering of prices. Paradox of Demand: Teraflops Against Dollars We should clarify that th...
D-Wave Quantum (NYSE:QBTS) , a quantum computing systems and services developer, closed Tuesday at $27.81, down 5.25%. The stock is moving as traders react to recent CHIPS and Science Act funding headlines and consider the stock’s already lofty valuation. Trading volume reached 54.2 million shares, coming in about 78% above its three-month average of 30.4 million shares. D-Wave Quantum IPO'd in 20...
D-Wave Quantum (NYSE:QBTS) , a quantum computing systems and services developer, closed Tuesday at $27.81, down 5.25%. The stock is moving as traders react to recent CHIPS and Science Act funding headlines and consider the stock’s already lofty valuation. Trading volume reached 54.2 million shares, coming in about 78% above its three-month average of 30.4 million shares. D-Wave Quantum IPO'd in 2020 and has grown 174% since going public. The S&P 500 (SNPINDEX:^GSPC) added 0.62% to finish Tuesday at 7,519, while the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 1.19% to close at 26,656. Within quantum computing, peers saw mixed action as IonQ (NYSE:IONQ) closed at $63.62 (-0.06%) and Quantum Computing (NASDAQ:QUBT) finished at $11.61 (-5.12%), underscoring ongoing volatility across speculative growth names. Investors piled into D-Wave Quantum stock late last week after it announced $100 million in new funding from the U.S. Department of Commerce. Shares of D-Wave and other quantum computing names pulled back today, however, after Flatiron Institute researchers challenged the superiority of quantum computing simulations over classical computing. Continue reading