It's not an ideal time to be buying a new PC or doing a major upgrade. Price crunches for RAM and storage chips are making all kinds of components more expensive, and the shift to DDR5 in modern Intel and AMD CPUs means that a lot of people would need to pay money to replace their current DDR4 kits if they wanted to step up to a significantly newer, faster CPU and motherboard. AMD may have somethi...
It's not an ideal time to be buying a new PC or doing a major upgrade. Price crunches for RAM and storage chips are making all kinds of components more expensive, and the shift to DDR5 in modern Intel and AMD CPUs means that a lot of people would need to pay money to replace their current DDR4 kits if they wanted to step up to a significantly newer, faster CPU and motherboard. AMD may have something on the horizon for people who are looking to stretch their current PC (and its DDR4 RAM kit) just a little further. Leaks spotted by Tom's Hardware point to the existence of an "AMD Ryzen 7 5800X3D 10th Anniversary Edition," a re-release of a 4-year-old out-of-circulation CPU that might nevertheless be an upgrade for people with older Ryzen CPUs in Socket AM4 motherboards. The "X3D" in the chip's name signifies that it comes with 64MB of extra L3 cache stacked on top of the main CPU die, bringing the total amount of L3 cache to 96MB. Workloads that benefit from extra cache—including most games—will perform much better on the 5800X3D than they do on the vanilla Ryzen 7 5800X. Read full article Comments
design master/iStock via Getty Images One of my favorite things to do when it comes to investing is to look around for new opportunities. Lately, I've been looking at more high-yield prospects. What I have found is that while there are some that are attractive, many of them are suboptimal for investors to own. Yes, the hefty distributions are nice to see. And in some cases, you can expect these op...
design master/iStock via Getty Images One of my favorite things to do when it comes to investing is to look around for new opportunities. Lately, I've been looking at more high-yield prospects. What I have found is that while there are some that are attractive, many of them are suboptimal for investors to own. Yes, the hefty distributions are nice to see. And in some cases, you can expect these opportunities to outperform or at least match the broader market. But others are frankly unsustainable in terms of yield. And those are the ones that tend to underperform the most. A good example of this, unfortunately, is AGNC Investment Corp. ( AGNC ). Coming into it, I was open-minded about it as a prospect. After all, who doesn't want a 13.4% yield? But after looking at the data closely, I have no choice but to rate this a ‘sell’ to reflect my view that investors should expect it to continue to underperform compared to other opportunities that exist. Taking a look at AGNC Investment Corp. Operationally speaking, AGNC Investment Corp. is a rather interesting prospect. Management describes it as a major player in the provision of private capital to the US housing market. It does this by investing mostly in agency residential mortgage-backed securities. And it utilizes leverage in order to do so. You don't get a hefty yield like what it offers without some sort of leverage, after all. Management mentioned in the company's annual report that it invests in mortgage pass-through securities and collateralized mortgage obligations. These are interesting because the principal and interest payments of the ones that they invest in are guaranteed by GSEs such as Fannie Mae and Freddie Mac. And because of the fact that this enterprise is structured as a REIT, it pays out a lot of its distributions and gets to avoid taxes at the corporate level. Instead, investors are directly responsible for the tax bill. At first glance, AGNC Investment Corp. might seem ideal for many investors. Mana...
Ategra Capital Management reduced its stake in Axos Financial (AX +2.61%) by 39,577 shares in the first quarter, an estimated $3.61 million trade based on quarterly average pricing, according to a May 15, 2026, SEC filing. What happened According to the SEC filing dated May 15, 2026, Ategra Capital Management sold 39,577 shares of Axos Financial in the first quarter. The estimated transaction valu...
Ategra Capital Management reduced its stake in Axos Financial (AX +2.61%) by 39,577 shares in the first quarter, an estimated $3.61 million trade based on quarterly average pricing, according to a May 15, 2026, SEC filing. What happened According to the SEC filing dated May 15, 2026, Ategra Capital Management sold 39,577 shares of Axos Financial in the first quarter. The estimated transaction value was $3.61 million, calculated using the mean unadjusted close for the quarter. The fund’s position in Axos Financial ended the period at 113,765 shares, with a quarter-end value of $9.68 million. What else to know This was a reduction of Ategra’s Axos Financial stake, which now makes up 4.81% of its 13F reportable AUM. Top holdings after the filing: NYSE: TFC: $18.19 million NASDAQ:FISI: $17.89 million (10.5% of AUM) NYSE: BBT: $15.34 million NYSE: CFG: $14.91 million NASDAQ:HWBK: $11.54 million (6.8% of AUM) As of May 14, 2026, shares of Axos Financial were priced at $83.44, up about 19% over the past year and underperforming the S&P 500, which is instead up about 25%. Company Overview Metric Value Revenue (TTM) $1.4 billion Net Income (TTM) $476.1 million Price (as of market close 2026-05-14) $83.44 Company snapshot Axos offers consumer and business banking products, including deposit accounts, mortgage loans, commercial lending, auto loans, and securities-backed loans. The firm serves individual consumers, small businesses, and institutional clients across the United States. It operates a technology-driven platform to deliver digital banking and securities solutions nationwide. Axos Financial, Inc. is a diversified financial services provider with a focus on digital banking and securities solutions. The company leverages a technology-driven platform to deliver a broad range of banking and lending products efficiently to both retail and commercial clients. Axos's scalable business model and nationwide reach position it competitively within the regional banking sector. W...
After years of slogging through the retail wilderness, Target (TGT 4.27%) had good news for investors on Wednesday: It's alive. The retailer surprised the market with comparable sales up 5.6%, its best performance in years, on a 4.7% increase in comparable traffic, showing that customers are returning to its stores. New CEO Michael Fiddelke said that the results "were stronger than expected, provi...
After years of slogging through the retail wilderness, Target (TGT 4.27%) had good news for investors on Wednesday: It's alive. The retailer surprised the market with comparable sales up 5.6%, its best performance in years, on a 4.7% increase in comparable traffic, showing that customers are returning to its stores. New CEO Michael Fiddelke said that the results "were stronger than expected, providing encouraging early signs that our clarified strategy is resonating with our guests." Overall revenue rose 6.7% to $25.44 billion, which easily beat estimates at $24.66 billion. The company also delivered margin improvement with an adjusted operating margin up from 3.7% to 4.5%, and adjusted earnings per share rose from $1.30 to $1.71, ahead of the consensus at $1.46. Among the highlights in Q1 were that sales increased in all six of its core merchandising categories, and it reported 27% growth in same-day delivery on digital sales growth of 8.9%. Non-merchandise sales, which includes membership programs like Target Circle 360 as well as its Roundel media network grew nearly 25%. Target also raised its guidance for the full year, saying it now expected net sales to grow around 4%, compared to a previous range of 2%, and for net sales to grow every quarter this year. It called for a full-year operating margin of at least 4.8%, up from the 4.6% in reported in 2025, and it sees adjusted EPS near the high end of its previous guidance range of $7.50-$8.50. Target stock was up in pre-market trading, but it dipped during the earnings call and remained down in the regular session. As of 2:04 p.m. ET, the retail stock was down 4.8%. Why Target gave up its gains Part of the reason for the strong performance was that Target was up against easy comps. In the quarter a year ago, comparable sales declined 5.7%, so the company is essentially just recouping those lost sales with this report. Management also said that growth would slow in the second quarter, when it faces tougher comps d...
Nikada/iStock Unreleased via Getty Images Performance The High Yield Bond portfolio underperformed its benchmark during the first quarter on a net of fees basis. Sector allocation decisions were the primary driver of the underperformance overwhelmingly due to the strategy's zero exposure to the energy sector. However, overall security selection decisions contributed and were broad-based. The strat...
Nikada/iStock Unreleased via Getty Images Performance The High Yield Bond portfolio underperformed its benchmark during the first quarter on a net of fees basis. Sector allocation decisions were the primary driver of the underperformance overwhelmingly due to the strategy's zero exposure to the energy sector. However, overall security selection decisions contributed and were broad-based. The strategy did outperform the custom ex-Energy* index over the period. Performance (%) Total return Average annual return 1M 3M YTD 1Y 3Y 5Y 10Y SI1 Institutional Class -1.25 -0.73 -0.73 7.28 7.48 2.94 5.35 5.41 Investor Class -1.26 -0.62 -0.62 7.01 7.27 2.70 5.11 4.97 Class A (Load- waived) -1.26 -0.78 -0.78 7.03 7.21 2.68 5.09 3.59 ICE BofA US High Yield BB-B -1.18 -0.38 -0.38 7.04 7.93 3.95 5.67 6.30 Click to enlarge Performance after sales charge Performance (%) Total return Average annual return 1M 3M YTD 1Y 3Y 5Y 10Y SI1 Class A (4.5% max. sales charge) -5.69 -5.24 -5.24 2.22 5.58 1.74 4.61 3.22 Click to enlarge *ICE BofA BB-B US HY Constrained ex-Energy Custom Index, March 2026 Performance data quoted represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance information, visit www.impaxam.com . Figures include reinvested dividends, capital gains distribution, and changes in principal value. Figures include reinvested dividends, capital gains distribution, and changes in principal value. 1 First full month since inception. The inception date for Impax High Yield Bond Fund Institutional Class is 06/01/2004 and Investor Class is 10/08/1999, and Class A is 05/01/2013. As of 05/01/2025 prospectus, total annual Impax High Yield Bond Fund operating expenses, gross of any fee waivers or reimbur...
Andrii Dodonov/iStock via Getty Images The 10-year Treasury yield ( US10Y ) is on track to hit 6%, according to Steven Blitz, chief U.S. economist at TS Lombard, who argued that a long bear market in government bonds is only just getting started. In a research note published Wednesday, Blitz pointed to a technical breakout from a long-term triangle pattern that projects yields rising to around 5.5...
Andrii Dodonov/iStock via Getty Images The 10-year Treasury yield ( US10Y ) is on track to hit 6%, according to Steven Blitz, chief U.S. economist at TS Lombard, who argued that a long bear market in government bonds is only just getting started. In a research note published Wednesday, Blitz pointed to a technical breakout from a long-term triangle pattern that projects yields rising to around 5.5%—but cautioned that this is merely “an early target but not the destination.” “I have been telling clients for a long time that the world has changed, what markets are always slow to accept,” Blitz wrote. “Even with this sell-off, the market continues to trade from the long side—bear-traps are a thing.” US10Y was changing hands around 4.57% at press time, up some 30 basis points over the last month alone. The warning comes as incoming Federal Reserve Chair Kevin Warsh prepares to take the helm on Friday, inheriting a challenging policy environment. Blitz argues that if Warsh holds rates steady at the June meeting despite rising inflation risks and accelerating bank lending, it would effectively constitute an easing of monetary policy. “Failing to hike in June even if growth is stubbornly steady and far from surging, but with broad inflation risk rising is, in effect, an ease,” Blitz noted. The economist pointed to several factors driving yields higher: real growth continuing to percolate, bank lending running at twice the rate of core inflation, and the need for foreign capital to fund both federal deficits and domestic capital expenditure. With the net national saving rate at zero, either inflation or real rates must rise to balance the books. For equity ( SP500 ) investors, Blitz offered a sobering assessment, suggesting the multi-year bull market has run its course. Rising bond yields are becoming “compensatory vs equities,” he wrote, marking the beginning of “a long corrective period for too rich equity market.” TS Lombard More on the U.S. Economy Real Yields Near 20-Y...
A former federal prosecutor in southern Florida has been charged with illegally sending herself a copy of former Special Counsel Jack Smith’s sealed report on the now-closed criminal investigation into President Donald Trump ’s handling of classified information. A four-count indictment was unsealed Wednesday against Carmen Mercedes Lineberger, 62, who entered a plea of not guilty at a hearing ear...
A former federal prosecutor in southern Florida has been charged with illegally sending herself a copy of former Special Counsel Jack Smith’s sealed report on the now-closed criminal investigation into President Donald Trump ’s handling of classified information. A four-count indictment was unsealed Wednesday against Carmen Mercedes Lineberger, 62, who entered a plea of not guilty at a hearing earlier in the day, court records show. Prosecutors allege that the former managing assistant US attorney used coded file names to try to hide the contents of the materials she was sending herself. One of the documents that Lineberger is charged with taking is the second volume of Smith’s two-part report detailing the prosecutions he oversaw against Trump. The first volume, which relates to Smith’s inquiry into the 2020 presidential election, was already released . The second part, which deals with the classified documents probe, remains sealed under a judge’s order. The indictment doesn’t include information about what, if anything, Lineberger did with the documents she allegedly sent herself. It does highlight the file names the government says she used — “chocolate_cake_recipe” and “Bundt_Cake_Recipe” — as proof of her intent to conceal her actions. A judge ordered her released pending a trial. Smith’s office brought charges against Trump in both investigations, but neither case had gotten to a trial before he won reelection in November 2024. At that point, Smith dropped the cases, citing the Justice Department’s longstanding policy against prosecuting sitting presidents. Smith told a congressional committee in January that his team’s investigation developed “ proof beyond a reasonable doubt that President Trump engaged in criminal activity.” He also alleged that Trump was seeking “revenge” against career prosecutors for participating in the investigations. Shortly before Trump was sworn in, then-Attorney General Merrick Garland released the first volume. But US District Ju...
What happened According to a filing with the U.S. Securities and Exchange Commission (SEC) dated May 15, 2026, Slate Path Capital LP reported selling its entire holding of 5,973,800 shares of GitLab (GTLB +4.52%). The estimated value of the trade was $174.48 million, based on the average closing price for the quarter. The net position value declined by $224.20 million, reflecting both share sales ...
What happened According to a filing with the U.S. Securities and Exchange Commission (SEC) dated May 15, 2026, Slate Path Capital LP reported selling its entire holding of 5,973,800 shares of GitLab (GTLB +4.52%). The estimated value of the trade was $174.48 million, based on the average closing price for the quarter. The net position value declined by $224.20 million, reflecting both share sales and price movements during the period. What else to know This was a complete exit from GitLab, with the stake dropping from 3.0% of AUM in the previous quarter to zero post-trade (current stake: n/a of AUM). Top holdings after the filing: NASDAQ: TXN: $518.40 million (7.7% of AUM) NASDAQ: ON: $482.90 million (7.2% of AUM) As of May 14, 2026, GitLab shares were priced at $22.60, down 57.7% over the past year, underperforming the S&P 500 by 85.0 percentage points. Company/ETF overview Metric Value Revenue (TTM) $955.22 million Net Income (TTM) $-55.96 million Price (as of market close May 14, 2026) $22.60 One-Year Price Change -57.70% Company/ETF snapshot GitLab Inc. is a technology company specializing in end-to-end DevOps solutions, serving clients worldwide from its base in San Francisco. The company leverages a unified platform to drive faster software delivery and increased visibility across the development lifecycle. Its integrated approach positions GitLab as a key partner for organizations aiming to accelerate digital transformation and improve operational efficiency. The company offers a unified DevOps platform, GitLab, integrating planning, development, security, and deployment tools for software lifecycle management. It generates revenue primarily from software subscriptions and related professional services. GitLab Inc targets organizations seeking to streamline software development processes, with a global customer base. What this transaction means for investors GitLab is positioning itself as the system enterprises use to manage software work from planning and c...
Google on Wednesday published exploit code for an unfixed vulnerability in its Chromium browser codebase that threatens millions of people using Chrome, Microsoft Edge, and virtually all other Chromium-based browsers. The proof-of-concept code exploits the Browser Fetch programming interface, a standard that allows long videos and other large files to be downloaded in the background. An attacker c...
Google on Wednesday published exploit code for an unfixed vulnerability in its Chromium browser codebase that threatens millions of people using Chrome, Microsoft Edge, and virtually all other Chromium-based browsers. The proof-of-concept code exploits the Browser Fetch programming interface, a standard that allows long videos and other large files to be downloaded in the background. An attacker can use the exploit to create a connection for monitoring some aspects of a user’s browser usage and as a proxy for viewing sites and launching denial-of-service attacks. Depending on the browser, the connections either reopen or remain open even after it or the device running it has rebooted. Unfixed for 29 months (and counting) The unfixed vulnerability can be exploited by any website a user visits. In effect, a compromise amounts to a limited backdoor that makes a device part of a limited botnet. The capabilities are limited to the same things a browser can do, such as visit malicious sites, provide anonymous proxy browsing by others, enable proxied DDoS attacks, and monitor user activity. Nonetheless, the exploit could allow an attacker to wrangle thousands, possibly millions, of devices into a network. Once a separate vulnerability becomes available, the attacker could use it to then compromise all those devices. Read full article Comments
We appear set for a summer of IPOs. A series of high-profile initial public offerings are hitting the stock market, with many of them sitting at the intersection of artificial intelligence. Both semiconductor maker Cerebras Systems (CBRS) and data center trust Blackstone Digital Infrastructure (BXDC) are enticing targets to support the build-out of AI. Another entry into this mix is Fervo Energy (...
We appear set for a summer of IPOs. A series of high-profile initial public offerings are hitting the stock market, with many of them sitting at the intersection of artificial intelligence. Both semiconductor maker Cerebras Systems (CBRS) and data center trust Blackstone Digital Infrastructure (BXDC) are enticing targets to support the build-out of AI. Another entry into this mix is Fervo Energy (FRVO), a geothermal company that went public last week. Fervo supplies another way to play growth in AI infrastructure, as data center operators need access to scalable electricity. Fervo’s solution is to use Earth’s heat for power by drilling deep into the planet to tap hot rock. Steam from the heat is brought back to the surface to spin turbines and generate electricity. By using techniques from the oil and gas industry, Fervo employs directional drilling to reach deeper into the earth and provide a steady source of heat. Fervo’s IPO is the largest clean energy IPO in history, sending the company’s valuation to more than $10 billion. Shares jumped 33% on the first day of trading, but have already given back most of those gains. Will this pick-and-shovel infrastructure stock support a long-term investing thesis? Let’s take a closer look. About Fervo Energy Stock Fervo is a geothermal company headquartered in Houston. The company aims to make geothermal power scalable and part of the global energy network. “Fervo’s innovative approach to geothermal well design, reservoir engineering management, and advanced data analytics allows us to access a massive resource base that other operators are unable to exploit,” the company says on its website. Fervo raised $1.89 billion in its IPO as the company upsized its offering several times, citing demand for shares. The company sold an extra 14.6 million shares, lifting the price range two times, and launched the company at $27 per share. The company is developing a power plant in Utah that is expected to begin operation this year. Whe...
Meanwhile, the Conservatives, which began the negotiations for the deal when in government, said it was "another major Brexit opportunity" which Labour risks "throwing away" because what it sees as Labour's pro-EU stance.
Meanwhile, the Conservatives, which began the negotiations for the deal when in government, said it was "another major Brexit opportunity" which Labour risks "throwing away" because what it sees as Labour's pro-EU stance.
Morgan Stanley’s head of global technology M&A said acquisitions in artificial intelligence are coming in all sizes and in multiple industries as companies race to fill technology gaps across chips, power, networking and infrastructure. “I think the deal activity is going to span the full spectrum — private and public,” Wally Cheng said Wednesday on Bloomberg Television. While the semiconductors p...
Morgan Stanley’s head of global technology M&A said acquisitions in artificial intelligence are coming in all sizes and in multiple industries as companies race to fill technology gaps across chips, power, networking and infrastructure. “I think the deal activity is going to span the full spectrum — private and public,” Wally Cheng said Wednesday on Bloomberg Television. While the semiconductors powering AI get significant attention as “scientific marvels,” there is substantial value throughout the infrastructure supporting those chips, from networking to memory to power and real estate, Cheng said. Cheng’s comments came in another busy week for AI dealmaking. Alphabet Inc.’s Google and Blackstone Inc. announced a $25 billion AI cloud venture on Monday, while Analog Devices said Tuesday it had agreed to a $1.5 billion acquisition of Empower Semiconductor to address power density bottlenecks in AI computing. AI investments helped drive technology dealmaking to $901.1 billion last year, according to Bloomberg Intelligence . Valuation remains “very difficult” in the AI sector, requiring a balance between “blue sky unicorns and rainbows” potential and execution risk, Cheng said. Tammy Kiely , Evercore Inc.’s senior managing director for tech investment banking, sounded a similiar note in the same interview. Would-be acquirers must evaluate both the possible value they can create against the opportunity cost of missing out. Still, the current environment has “never been more busy or more fun” in her 27 years in the business as AI creates massive disruption and drives strategic activity, she said. Strategic pivots by large companies have historically been empowered by M&A, said Kiely, who cited Nvidia Corp.’s 2019 acquisition of Mellanox Technologies Ltd. to help push into the data-center component business. M&A has been particularly strong in technology and semiconductors, with larger companies increasingly acquiring private firms in sizable transactions, she said. “But ...
Leading designer of graphics chips Nvidia (NASDAQ:NVDA) will be announcing earnings results this Wednesday after market hours. Here’s what to look for. Nvidia beat analysts’ revenue expectations last quarter, reporting revenues of $68.13 billion, up 73.2% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a beat o...
Leading designer of graphics chips Nvidia (NASDAQ:NVDA) will be announcing earnings results this Wednesday after market hours. Here’s what to look for. Nvidia beat analysts’ revenue expectations last quarter, reporting revenues of $68.13 billion, up 73.2% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates. Is Nvidia a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Nvidia’s revenue to grow 78.6% year on year, improving from the 69.2% increase it recorded in the same quarter last year. Nvidia Total Revenue The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Nvidia has a history of exceeding Wall Street’s expectations. Looking at Nvidia’s peers in the processors and graphics chips segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lattice Semiconductor delivered year-on-year revenue growth of 42.2%, beating analysts’ expectations by 3.6%, and Intel reported revenues up 7.2%, topping estimates by 9.6%. Lattice Semiconductor traded down 2.6% following the results while Intel was up 23.6%. Read our full analysis of Lattice Semiconductor’s results here and Intel’s results here. There has been positive sentiment among investors in the processors and graphics chips segment, with share prices up 17.8% on average over the last month. Nvidia is up 10.2% during the same time and is heading into earnings with an average analyst price target of $275.31 (compared to the current share price of $222.73). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention. AI chip st...