Memory Wipe: The Great TurboQuant MiscalculationApplied Materials (NASDAQ:AMAT) reported record fiscal second-quarter revenue and earnings, with executives saying accelerating demand for artificial intelligence infrastructure is reshaping semiconductor equipment spending toward a
Memory Wipe: The Great TurboQuant MiscalculationApplied Materials (NASDAQ:AMAT) reported record fiscal second-quarter revenue and earnings, with executives saying accelerating demand for artificial intelligence infrastructure is reshaping semiconductor equipment spending toward a
3 Small-Cap Stocks With Big Growth PotentialAlliance Entertainment (NASDAQ:AENT) reported higher fiscal third-quarter revenue and profit, with management saying the company is benefiting from a shift toward premium physical media, collectibles and authenticated products aimed at
3 Small-Cap Stocks With Big Growth PotentialAlliance Entertainment (NASDAQ:AENT) reported higher fiscal third-quarter revenue and profit, with management saying the company is benefiting from a shift toward premium physical media, collectibles and authenticated products aimed at
Sundry Photography Zeta Global ( ZETA ) announced on Thursday that it is joining the Open Semantic Interchange (OSI), an open-source initiative led by Snowflake ( SNOW ) aimed at building a common, vendor-neutral standard for semantic data. The goal behind OSI is to fix one major problem in the data and AI world—different companies and tools often define the same business metrics in different ways...
Sundry Photography Zeta Global ( ZETA ) announced on Thursday that it is joining the Open Semantic Interchange (OSI), an open-source initiative led by Snowflake ( SNOW ) aimed at building a common, vendor-neutral standard for semantic data. The goal behind OSI is to fix one major problem in the data and AI world—different companies and tools often define the same business metrics in different ways. Reportedly, OSI tries to solve this by creating one shared system for consistent data definitions across dashboards, analytics tools, and AI models. Following the announcement, Zeta stock rose about ~3.37% to ~$16.58 during the trading session. However, the momentum did not fully hold, and the stock slipped slightly in post-market trading. Snowflake stock , which is closely tied to the OSI initiative, also closed nearly ~1% lower at ~$150.76, reflecting a mixed broader market reaction. From a broader perspective, Zeta is still down ~18.53% YTD, while the S&P 500 ( SP500 ) is up 9.58% over the same period. Snowflake has underperformed more sharply, falling 31.27% YTD. Despite the weakness, Wall Street continues to stay constructive, assigning 'strong buy ratings' for both the stocks, showing that analysts still see long-term potential in both companies. Overall, OSI is seen as a structural step toward better data interoperability across the AI and analytics ecosystem. Zeta said participation in this initiative could help its marketing cloud platform work more smoothly with other enterprise tools, reducing integration issues. While near-term stock action remains volatile, investors are closely watching whether this kind of ecosystem collaboration can support stronger data adoption and AI-driven revenue growth over time. More on Zeta Global, Snowflake Snowflake: Sell Until Expenses Subside And Margins Advance Snowflake: AI Disruption Is An Illusion Snowflake Short-Term Squeeze Makes It A Perfect Play In AI Data Cloud Snowflake in focus as recent checks suggest rising custome...
Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed with efforts to end the war in limbo, prolonging disruptions that have upended global markets. West Texas Intermediate rose toward $102 a barrel, and futures are up amost 7% this week. Brent closed near $106 on Thursday. A US blockade of Iranian ports remains in place, while the vital waterway continues to be t...
Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed with efforts to end the war in limbo, prolonging disruptions that have upended global markets. West Texas Intermediate rose toward $102 a barrel, and futures are up amost 7% this week. Brent closed near $106 on Thursday. A US blockade of Iranian ports remains in place, while the vital waterway continues to be treacherous for mariners, with a commercial vessel taken by unauthorized personnel at the entrance to the strait and bound for Iran’s waters. President Donald Trump met with Chinese leader Xi Jinping on Thursday, where they talked about keeping Hormuz open to support energy trade, along with improving American oil flows to the Asian nation, according to a White House official. China’s official readout didn’t include energy in the list of topics they discussed, although it did say they talked about the Middle East. The war has driven global oil inventories down at a record pace, and the market will remain “ severely undersupplied ” until October, even if hostilities end next month, the International Energy Agency said this week. US data on Tuesday underscored how the conflict is reigniting inflation , heaping domestic pressure on Trump ahead of midterm elections in November. “I think the path of least resistance very near term for prices remains more to the bullish side as we continue to see crude oil and fuel inventories contract,” said Dennis Kissler , senior vice president for trading at BOK Financial Securities Inc. “Since the current agreements are far apart, escalation of tensions are more likely than not.” To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for June delivery was 0.7% higher at $ 101.83 a barrel at 6:07 a.m. in Singapore. Brent for July settlement closed little changed at $105.72 a barrel on Thursday.
Key Points100,000 shares were sold via two open-market transactions on May 4 and May 5, 2026, at a weighted average price of around $23.07 per share, for a total value of ~$2.31 million.
Key Points100,000 shares were sold via two open-market transactions on May 4 and May 5, 2026, at a weighted average price of around $23.07 per share, for a total value of ~$2.31 million.
Asian stocks were set to rise Friday after Wall Street hit fresh records, buoyed by a rally in artificial intelligence shares, strong corporate earnings and further signs of resilience in the US consumer. Equity index futures for Japan, Australia and Hong Kong climbed, after another record-setting day for the S&P 500 , which rose 0.8% to close above 7,500 points for the first time. The action was ...
Asian stocks were set to rise Friday after Wall Street hit fresh records, buoyed by a rally in artificial intelligence shares, strong corporate earnings and further signs of resilience in the US consumer. Equity index futures for Japan, Australia and Hong Kong climbed, after another record-setting day for the S&P 500 , which rose 0.8% to close above 7,500 points for the first time. The action was driven by AI-linked companies including Nvidia Corp. , which rose for a seventh session to add 4.4% and brought its market value closer to $6 trillion. Cisco Systems Inc. jumped 13% on a strong outlook and AI infrastructure company Cerebras Systems Inc. soared 68% in its debut, while Applied Materials Inc. shares advanced in after-hours trade on encouraging forecasts. AI optimism, robust corporate profits and a still-robust economy have sent stocks from one record to the next. A report showed US retail sales rose for a third month, offering an upbeat data point for the health of consumers contending with inflation. “April retail sales echoed what we’ve heard across corporate conference calls for weeks now: The US consumer remains resilient despite soaring gas prices,” said Bret Kenwell at eToro. “When it comes to stocks though, tech is in the driver’s seat right now, not the consumer.” In Asia, President Donald Trump’s summit with his Chinese counterpart Xi Jinping enters its final day, with the topic of Taiwan in focus. Data for the region on the docket for release Friday includes producer prices for Japan, gross-domestic product for Malaysia and Hong Kong, and unemployment for India. Markets are closed in Indonesia. Bets that corporate earnings will keep powering ahead have offset worries that higher energy costs could fuel inflation and weigh on consumer confidence. First-quarter S&P 500 profits likely grew about 27% from a year ago, marking a sixth straight quarter of double-digit expansion, according to data compiled by Bloomberg Intelligence . It’s clear that Corporat...
MattZ90 Renaissance Technologies took a new stake in Apple ( AAPL ), closed out its holding in Amazon ( AMZN ), and boosted its stake in Nvidia ( NVDA ) during Q1, according to the fund's latest 13F filing on Thursday. The firm established a 3.08M share stake in Apple ( AAPL ) valued at $780.6M and acquired 253K shares of Meta Platforms ( META ) valued at $145M. It increased its holdings in Alphab...
MattZ90 Renaissance Technologies took a new stake in Apple ( AAPL ), closed out its holding in Amazon ( AMZN ), and boosted its stake in Nvidia ( NVDA ) during Q1, according to the fund's latest 13F filing on Thursday. The firm established a 3.08M share stake in Apple ( AAPL ) valued at $780.6M and acquired 253K shares of Meta Platforms ( META ) valued at $145M. It increased its holdings in Alphabet ( GOOGL ) ( GOOG ) by almost a total of 345K shares across class A and class C shares and boosted its holding in Nvidia ( NVDA ) to 2.53M ($440.7M) shares from 871K. RenTech trimmed its holdings in Netflix ( NFLX ) to 2.5K shares from 7.18M shares, in Palantir ( PLTR ) to 6.99M shares from 8.80M, and in Micron Technology ( MU ) to 2.16M shares from 3.01M, according to the filing . More on Apple, Amazon, etc. Amazon: Most Attractive Of The Hyperscalers Amazon: AWS Remains The Growth Driver, Expecting More Record Highs Nvidia At All-Time Highs: Why I'm Holding Into Print Klarman's Baupost adds Aon, exits CRH, boosts Amazon, among top Q1 trades Apple's deal with Intel likely focused on 'low-end' chips skewed towards iPhone: analyst
Lisa James/iStock via Getty Images Vitesse Energy, Inc. ( VTS ) is a non-operator of oil and natural gas assets primarily in North Dakota. The company has the leading asset position in the Bakken oil field and, as a result, produces a high level of free cash flow with multi-year visibility, which supports a very competitive dividend yield currently at 9.6%. The stock is off its highs because of an...
Lisa James/iStock via Getty Images Vitesse Energy, Inc. ( VTS ) is a non-operator of oil and natural gas assets primarily in North Dakota. The company has the leading asset position in the Bakken oil field and, as a result, produces a high level of free cash flow with multi-year visibility, which supports a very competitive dividend yield currently at 9.6%. The stock is off its highs because of an acquisition funded by equity and a cut to the dividend, but with this behind them, the valuation discount to peers is starting to support an attractive entry point for prospective investors. Business Profile Vitesse is primarily a non-operator of oil and natural gas assets in the Bakken oil field in North Dakota. A non-operator essentially means that they buy ownership stakes in certain oil wells and acreage in a particular area, and other companies actually do the operating activity, primarily the production. The company collects its share of the production cash flow and uses that to fund dividends. There is simply no operational burden on the company. That isn't to say the company doesn't have some operational activity. As seen below from their latest slide deck, there are a few red squares that signify where the company has operating activity. Vitesse is essentially a pure-play way to access the Bakken. The company owns the assets underlying 19 of 28 rigs in the region and has over 30 operators working on nearly 7,564 wells. The company owns 53,318 net acres. The company also owns 1,410 net mineral acres in the Williston Basin, which spans western North Dakota, eastern Montana, northwestern South Dakota, and into Canada. Investor Presentation Source: Investor Presentation. As a result of being primarily an asset owner, the company is effectively a pass-through. As more activity happens, the more Vitesse's assets are monetized. This both reduces commodity price sensitivity and allows for a steady stream of cash flow. The company, as a result, has relatively low maintenan...
STORY: Tesla's robotaxi service is experiencing significant operational problems in Texas, raising questions about CEO Elon Musk’s ambitious vision for a near future full of driverless cars. Reuters testing in Dallas, Houston and Austin found long wait times exceeding 30 minutes, limited availability and navigation problems. In one case, a 20‑minute trip in Dallas stretched to nearly two hours. Th...
STORY: Tesla's robotaxi service is experiencing significant operational problems in Texas, raising questions about CEO Elon Musk’s ambitious vision for a near future full of driverless cars. Reuters testing in Dallas, Houston and Austin found long wait times exceeding 30 minutes, limited availability and navigation problems. In one case, a 20‑minute trip in Dallas stretched to nearly two hours. The service remains confined to those three Texas cities despite Musk predicting last July that robotaxis would serve half the U.S. population by the end of 2025. Much of Tesla’s $1.6 trillion valuation hinges on investor belief that the company will soon unleash a vast fleet of robotaxis. But analysts say the expansion is moving slower than expected, with Musk now describing a more “cautious approach” to avoid injuries or fatalities. In the meantime, experts have raised concerns about the technology's limits, including Peter Stone, a computer science professor at the University of Texas at Austin. “People, at least so far, tend to be much better at unexpected situations and being able to reason about something that you've never seen before. But to be able to figure out on the fly what to do, especially if you're using a machine learning-based system, it relies critically on the training data that's been given. And if you come up with a completely, what's known as out of distribution, which is sort of a code word for just new or novel situation, then it's going to be much more difficult for a software-based system to react than people are.” Police in Austin said Tesla's robotaxis tend to ignore posted speed limits, noting that vehicles in test rides last year drove 5 mph above the speed limit. Since August, Tesla has reported 15 robotaxi crashes in Austin to federal regulators. Most did not involve injuries, but one involved someone being sent to the hospital. Tesla has requested that all information about the incidents be kept confidential, according to police. Tesla did not...
Las Vegas Raiders running back Ashton Jeanty celebrates his third-quarter touchdown against the New England Patriots at Gillette Stadium in Foxborough, Massachusetts, Sept. 7, 2025. Danielle Parhizkaran | Boston Globe | Getty Images First Football, the largest minority shareholder in the NFL's Las Vegas Raiders, is selling its 25% stake in the team to a group led by Egon Durban at a $9.9 billion v...
Las Vegas Raiders running back Ashton Jeanty celebrates his third-quarter touchdown against the New England Patriots at Gillette Stadium in Foxborough, Massachusetts, Sept. 7, 2025. Danielle Parhizkaran | Boston Globe | Getty Images First Football, the largest minority shareholder in the NFL's Las Vegas Raiders, is selling its 25% stake in the team to a group led by Egon Durban at a $9.9 billion valuation, according to a person familiar with the deal, who asked not to be named because they are not authorized to speak about the private transaction publicly. The First Football group bought 20% of the Raiders from Al Davis, the father of current owner Mark Davis, in 2007 and subsequently added 5% more of the team at a weighted average valuation of around $700 million, according to two people with knowledge of the deal. The people asked not to be named because the matter is private. The deal is subject to league approval at the NFL owners meeting next week. The total consideration of the transaction is $11 billion, 10% of which is a sales tax, or "flip tax," that must be paid to the league and is then shared by the other 31 teams, making the enterprise value of the deal $9.9 billion, according to the people with knowledge of the deal. As CNBC has previously reported , as part of the relocation agreement between the Raiders and the NFL when the team moved from Oakland, California, to Las Vegas in 2020, anyone who buys a piece of the Raiders through March 2037 must pay the league a percentage of the purchase price. Should the deal be approved, Davis will still be the controlling owner, with 36% of the Raiders, and Durban will be the largest minority owner, with over 11%, according to a person familiar with the ownership of the Raiders, who asked not to be named because the matter is private. In 2024, NFL legend Tom Brady and his business partner, Tom Wagner, bought a roughly 10% piece of the Raiders at about a $3.5 billion valuation, plus a 10% flip tax to the league. CNB...