U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
J Studios/DigitalVision via Getty Images Executive Summary Information Services companies have been performing poorly recently compared to the S&P 500, with multiples falling over 20% since mid-2025, reflecting growing concerns around generative and agentic AI that could structurally disrupt data vendors and workflow-based business models. The market seems to be overly pessimistic on AI disruption...
J Studios/DigitalVision via Getty Images Executive Summary Information Services companies have been performing poorly recently compared to the S&P 500, with multiples falling over 20% since mid-2025, reflecting growing concerns around generative and agentic AI that could structurally disrupt data vendors and workflow-based business models. The market seems to be overly pessimistic on AI disruption by weighing less on the moats some players have in the field, which has created a disconnect between valuation and fundamentals that motivates a more thorough assessment of what workflows AI is likely to substitute. A high-level conclusion would be that companies like Thomson Reuters ( TRI ), which can benefit from exclusive data, regulatory integration, and high cost of error, are less likely to be replaced by AI. On the other hand, companies like Gartner ( IT ), which rely more heavily on interface-driven analytics and advisory content, are at higher risk of being replaced by AI. Price return of the NA professional & commercial services index (blue) and S&P 500 (white) (LSEG) Calculated P/E ratio of the NA professional & commercial services index (blue) and S&P 500 (white) (LSEG) Concerns Around AI Displacement Continued development of AI solutions is seeking to replicate what Information Services companies offer with their proprietary data and workflow tools. Professionals can now use vibe coding to generate functional and production-ready code that replicates core features of established companies in the industry using natural language without the help of technical teams. Models from AI leaders such as Anthropic and Google ( GOOGL )( GOOG ) now feature advanced reasoning, code generation, and agentic capabilities, which accelerated the trend and raised questions around the structural moat of said players. The saying "garbage in, garbage out" can be applied to a lot of situations, and it certainly does when it comes to AI. Without high-integrity data, outputs from AI mo...
Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the Iran war on the aviation industry. Net income came in at S$1.18 billion ($927 million) in the year ended March 31, the airline said Thursday. That beat analyst estimates of S$1.08 billion, even as losses at associate companies, which includes the Singaporean ...
Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the Iran war on the aviation industry. Net income came in at S$1.18 billion ($927 million) in the year ended March 31, the airline said Thursday. That beat analyst estimates of S$1.08 billion, even as losses at associate companies, which includes the Singaporean carrier’s 25.1% stake in Air India, weighed on overall performance. Read: Singapore Airlines Deepens Role at Air India Amid Record Losses The airline’s own operations remained resilient. Operating profit grew to S$2.37 billion, beating consensus and underscoring strong demand at a time global carriers face a jet-fuel price shock linked to the war. Revenue jumped to S$20.5 billion, also a beat.
Microsoft is on a mission to fix Windows 11 , and part of that involves improving the often-frustrating Windows Update experience. While you'll soon be able to pause updates indefinitely , Microsoft is also adding a new feature that automatically rolls back problematic drivers that have been installed through Windows Update. Microsoft has created a new "Cloud-Initiated Driver Recovery" feature tha...
Microsoft is on a mission to fix Windows 11 , and part of that involves improving the often-frustrating Windows Update experience. While you'll soon be able to pause updates indefinitely , Microsoft is also adding a new feature that automatically rolls back problematic drivers that have been installed through Windows Update. Microsoft has created a new "Cloud-Initiated Driver Recovery" feature that can replace a faulty driver installed on a PC with a previously working driver through Windows Update. Right now, Windows 11 users have to manually roll back a driver or hardware vendors have to publish a new one to work around any problems, but th … Read the full story at The Verge.
BlackRock portfolio manager Tom Becker discusses the outlook for euro-zone equities, including in France. "The underperformance of the CAC over the last one, three years, it’s pretty material," Becker tells Bloomberg Television. "It’s a pretty cyclically-exposed index. It’s got some big energy producers, so we think there’s kind of a bottom there." (Source: Bloomberg)
BlackRock portfolio manager Tom Becker discusses the outlook for euro-zone equities, including in France. "The underperformance of the CAC over the last one, three years, it’s pretty material," Becker tells Bloomberg Television. "It’s a pretty cyclically-exposed index. It’s got some big energy producers, so we think there’s kind of a bottom there." (Source: Bloomberg)
narkorn/iStock via Getty Images Daktronics ( DAKT ) is coming off of an analyst day in April that laid out a clear set of targets after a mixed start to the year. The company had a great fiscal first and second quarter, which led to upside for the stock, but the fiscal Q3 report in March sent shares tumbling, with the stock now nearly 27% off the highs. The company remains focused on organic growt...
narkorn/iStock via Getty Images Daktronics ( DAKT ) is coming off of an analyst day in April that laid out a clear set of targets after a mixed start to the year. The company had a great fiscal first and second quarter, which led to upside for the stock, but the fiscal Q3 report in March sent shares tumbling, with the stock now nearly 27% off the highs. The company remains focused on organic growth, new verticals to expand into, better commercialization, and international growth in the years ahead. This creates a playbook for the company to deliver on its algorithm, and with the stock trading at a decent free cash flow yield, I see compelling upside for this name going into the end-of-year report. Business Profile Daktronics is a leading designer and manufacturer of electronic scoreboards, programmable display systems, and large screen video displays for sporting, commercial, and transportation applications. The company has a full offering, from the product and software engineering and manufacturing of the displays to project delivery to aftermarket services. The company has a leading market share position in some of the best known sports leagues, like 53% of all major league sports, 57% of minor league baseball, and 69% of college sports. The company's revenue mix is approximately 89% product & installation and 11% aftermarket services & software. The company's end market exposure is approximately 37% live events, 23% commercial, 22% high school, park and recreation, 10% international, and 9% transportation. The company has over 40,000 video installations worldwide. The company operates 6 manufacturing sites, primarily in the US but one in Ireland and one in China, and has its headquarters in Brookings, South Dakota. The company just held an analyst day in early April, and the strategy is moving towards expanding into new market verticals. About 20% of the company's CY2025 revenue came from new markets, primarily from indoor high-resolution video screens. With this...