Apple on Wednesday echoed Google's criticism of EU antitrust regulators' efforts to force the search giant to help AI rivals access its services, warning the proposed measures pose risks to privacy, security and safety. Apple was responding to the European Commission's call last month for feedback on draft measures to help Google comply with the Digital Markets Act, aimed at curbing Big Tech's ...
Apple on Wednesday echoed Google's criticism of EU antitrust regulators' efforts to force the search giant to help AI rivals access its services, warning the proposed measures pose risks to privacy, security and safety. Apple was responding to the European Commission's call last month for feedback on draft measures to help Google comply with the Digital Markets Act, aimed at curbing Big Tech's power. Alphabet-owned Google has said the proposals, which would let competing AI services interact with Android apps to send emails, order food or share photos, would undermine key privacy and security safeguards for European users.
bodnarchuk/iStock via Getty Images Bonterra Resources ( BONXF ) said Wednesday that Marc-André Pelletier has resigned as president, CEO, and a director, effective May 31, to pursue another business opportunity. Bonterra ( BONXF ) appointed Executive Chairman Cesar Gonzalez as interim CEO and said its board will initiate a search process to identify a new top executive, considering both internal an...
bodnarchuk/iStock via Getty Images Bonterra Resources ( BONXF ) said Wednesday that Marc-André Pelletier has resigned as president, CEO, and a director, effective May 31, to pursue another business opportunity. Bonterra ( BONXF ) appointed Executive Chairman Cesar Gonzalez as interim CEO and said its board will initiate a search process to identify a new top executive, considering both internal and external candidates. Pelletier became Bonterra's ( BONXF ) President and CEO in January 2022 and is a professional mining engineer with more than 25 years of experience, predominantly in underground gold mines; previously, he was COO at Wesdome Gold Mines and VP of operations at St. Andrew Goldfields. More on Bonterra Resources Historical earnings data for Bonterra Resources Financial information for Bonterra Resources
Wells Fargo & Co. is offering investment-grade bonds in as many as three parts, a month after the bank reported weaker-than-expected results for the first quarter. The San Francisco-based firm is marketing callable notes with maturities ranging from three to six years, according to a person familiar with the matter. The longest-tenored security is being offered with a spread of around one percenta...
Wells Fargo & Co. is offering investment-grade bonds in as many as three parts, a month after the bank reported weaker-than-expected results for the first quarter. The San Francisco-based firm is marketing callable notes with maturities ranging from three to six years, according to a person familiar with the matter. The longest-tenored security is being offered with a spread of around one percentage point above Treasuries, said the person, who asked not to be identified because they’re not authorized to speak publicly. Proceeds are for general corporate purposes. The fourth-largest US bank raised $8 billion in January following its release of fourth-quarter earnings . The company also sold a $2.5 billion hybrid note in March. Four of Wells Fargo’s peers issued a combined $36.5 billion of bonds in the days following their first-quarter releases last month — including $10 billion deals from Morgan Stanley , JPMorgan Chase & Co. and Bank of America Corp . The Big Six banks collectively priced more than $65 billion of notes from January through March, including a $16 billion deal from Goldman Sachs Group Inc. that is the largest ever in the sector. Wells Fargo’s first-quarter results saw misses across key income streams as it reshapes its business mix to drive faster growth.
BING-JHEN HONG/iStock Editorial via Getty Images Introduction Since my last Strong Buy rating on Nvidia Corporation ( NVDA ), the company has seen its stock price continue to appreciate with a return of around 23%, pushing the total market capitalization to $5.33T. With the incoming quarter ( May 20th ), I want to take the opportunity to offer a preview and what I will be closely monitoring. Nvidi...
BING-JHEN HONG/iStock Editorial via Getty Images Introduction Since my last Strong Buy rating on Nvidia Corporation ( NVDA ), the company has seen its stock price continue to appreciate with a return of around 23%, pushing the total market capitalization to $5.33T. With the incoming quarter ( May 20th ), I want to take the opportunity to offer a preview and what I will be closely monitoring. Nvidia Q1 FY27 Earnings Preview Nvidia’s earnings are simply the most important this season, not only because it is the largest company in the world, but also because all of the AI industry relies on the direction that the company is setting. The whole market already digested the $700B+ in committed hyperscaler CapEx for calendar 2026 , as well as SK Hynix ( HXSCL ) locking down 70% of HBM4 supply for Rubin. Plus, Nvidia has effectively written off its China data center business , guiding $78B with zero China contribution. What is left to decide is whether the company can keep compounding above expectations on a base that now exceeds $215B over the past twelve months. The guidance is coming to $78B, but the consensus has crept up to $78.98B, with the Street number for EPS coming in at $1.78 . Meaning that perfection is roughly priced in, and the only way to surprise is to deliver a beat that re-rates the back half of FY27 higher. And on that, here are the main topics I will closely watch out for. First, any hyperscaler CapEx commentary, which is the single biggest macro variable as the likes of Microsoft ( MSFT ), Amazon ( AMZN ), Alphabet ( GOOG ) and Meta ( META ) collectively guided to $700B+ in 2026 CapEx during their own quarterly earnings, up close to 60% Y/Y, with most of the surprise coming from Meta raising to $125B to $145B and Alphabet bumping to $185B . Most of these re-rates are linked to component price inflation rather than additional capacity. Investors have been questioning whether the current CapEx to revenue ratios, which are approaching 54% at Meta, 47% at Mi...
BING-JHEN HONG/iStock Editorial via Getty Images Introduction Since my last Strong Buy rating on Nvidia Corporation ( NVDA ), the company has seen its stock price continue to appreciate with a return of around 23%, pushing the total market capitalization to $5.33T. With the incoming quarter ( May 20th ), I want to take the opportunity to offer a preview and what I will be closely monitoring. Nvidi...
BING-JHEN HONG/iStock Editorial via Getty Images Introduction Since my last Strong Buy rating on Nvidia Corporation ( NVDA ), the company has seen its stock price continue to appreciate with a return of around 23%, pushing the total market capitalization to $5.33T. With the incoming quarter ( May 20th ), I want to take the opportunity to offer a preview and what I will be closely monitoring. Nvidia Q1 FY27 Earnings Preview Nvidia’s earnings are simply the most important this season, not only because it is the largest company in the world, but also because all of the AI industry relies on the direction that the company is setting. The whole market already digested the $700B+ in committed hyperscaler CapEx for calendar 2026 , as well as SK Hynix ( HXSCL ) locking down 70% of HBM4 supply for Rubin. Plus, Nvidia has effectively written off its China data center business , guiding $78B with zero China contribution. What is left to decide is whether the company can keep compounding above expectations on a base that now exceeds $215B over the past twelve months. The guidance is coming to $78B, but the consensus has crept up to $78.98B, with the Street number for EPS coming in at $1.78 . Meaning that perfection is roughly priced in, and the only way to surprise is to deliver a beat that re-rates the back half of FY27 higher. And on that, here are the main topics I will closely watch out for. First, any hyperscaler CapEx commentary, which is the single biggest macro variable as the likes of Microsoft ( MSFT ), Amazon ( AMZN ), Alphabet ( GOOG ) and Meta ( META ) collectively guided to $700B+ in 2026 CapEx during their own quarterly earnings, up close to 60% Y/Y, with most of the surprise coming from Meta raising to $125B to $145B and Alphabet bumping to $185B . Most of these re-rates are linked to component price inflation rather than additional capacity. Investors have been questioning whether the current CapEx to revenue ratios, which are approaching 54% at Meta, 47% at Mi...
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025. Brendan McDermid | Reuters Amazon is axing its Rufus chatbot and making its Alexa assistant the centerpiece of its artificial intelligence shopping strategy. The company on Wednesday launched Alexa for Shopping, an e-commerce bot that can answer queries and take actions on behalf of users. Amazon sai...
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025. Brendan McDermid | Reuters Amazon is axing its Rufus chatbot and making its Alexa assistant the centerpiece of its artificial intelligence shopping strategy. The company on Wednesday launched Alexa for Shopping, an e-commerce bot that can answer queries and take actions on behalf of users. Amazon said the tool brings together Rufus and Alexa+ , and taps users' shopping history and other data to be "the world's best, most personalized AI assistant for shopping." As part of the move, Amazon is adding Alexa to search results on its store, so if users browse for certain products, a chat window will appear with information and a few recommended items. A little over two years ago, Amazon unveiled Rufus as a key part of its website and app in an effort to take advantage of the generative AI boom, which was sweeping across the the tech sector and into other parts of the economy. Rufus was described at the time as an "expert shopping assistant," and Amazon continued to expand its capabilities, though it remains in beta. The stand-alone Rufus chatbot will be discontinued, but Amazon said it will use Rufus' recommendation features and shopping history for certain Alexa for Shopping queries. Users can summon Alexa for Shopping by clicking a cursive A icon on Amazon's website or app, or via Echo Show displays. Read more CNBC tech news Nintendo stock plunges after Switch 2 price hike and weak sales forecast Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI Nvidia embraces role of AI investor, pushing past $40 billion in equity bets this year Wall Street sees 'changing of the guard in AI' as Intel, AMD shares soar while Nvidia lags Alexa for Shopping turns Amazon's search bar into a Q&A engine, and also lets users compare products side by side, as well as schedule purchases when an item hits a certain price. A Prime membership isn't required to use th...
Key PointsThe demand for DigitalOcean's cloud computing platform is growing nicely due to its artificial intelligence (AI) inference-focused offerings.
Key PointsThe demand for DigitalOcean's cloud computing platform is growing nicely due to its artificial intelligence (AI) inference-focused offerings.
hapabapa BlackRock’s ( BLK ) spot crypto ETF activity remained under pressure as the firm reportedly moved 861 Bitcoin ( BTC-USD ) worth around $69.59M and 44.69K Ethereum ( ETH-USD ) worth nearly $103.15M to Coinbase-linked wallets. The move came as the crypto asset slipped from its monthly high near $82K back to the $79K range amid weak trading volume. Earlier, on May 8, the company had also tra...
hapabapa BlackRock’s ( BLK ) spot crypto ETF activity remained under pressure as the firm reportedly moved 861 Bitcoin ( BTC-USD ) worth around $69.59M and 44.69K Ethereum ( ETH-USD ) worth nearly $103.15M to Coinbase-linked wallets. The move came as the crypto asset slipped from its monthly high near $82K back to the $79K range amid weak trading volume. Earlier, on May 8, the company had also transferred nearly $124.4M worth of Bitcoin and Ethereum to Coinbase-linked wallets. According to SoSoValue data as of May 12, the BlackRock Bitcoin ETF, iShares Bitcoin Trust ( IBIT ), saw a $32.95M net outflow, with around 408 BTC leaving the fund. At the same time, the company's spot Ethereum ETF, iShares Ethereum Trust ETF ( ETHA ), posted a $102.04M daily net outflow, equal to around 44.69K ETH leaving the fund. These outflows were then followed by the Fidelity Wise Origin Bitcoin Fund ( FBTC ), which recorded the biggest outflow at $86.13M, equal to nearly 1,070 BTC. Meanwhile, Grayscale Bitcoin Trust ( GBTC ) posted a $17.59M outflow, with around 218 BTC withdrawn. The continued BlackRock Bitcoin transfers and ETF outflows suggest institutions are still repositioning as crypto prices remain under pressure in the broader market. More on BlackRock BlackRock: Time To 'Buy' This Eventual Dividend Aristocrat Now BlackRock: Not Adding Despite A Stellar Q1 2026 BlackRock, Inc. 2026 Q1 - Results - Earnings Call Presentation Here's the full list of business executives invited to go with Trump to China What's BlackRock planning? Led Q1 ETF rally; now moves $124M BTC & ETH
Douglas Rissing/iStock via Getty Images Goldman Sachs’ thematic equity baskets revealed that the 2026 market rally continued to be driven by international exposure, speculative technology and commodity-linked trades, according to fresh data shared by Charles Schwab’s Liz Ann Sonders. The International Sales ( VXUS ) ( IXUS ) basket topped the year-to-date performance charts with a 32.9% gain, foll...
Douglas Rissing/iStock via Getty Images Goldman Sachs’ thematic equity baskets revealed that the 2026 market rally continued to be driven by international exposure, speculative technology and commodity-linked trades, according to fresh data shared by Charles Schwab’s Liz Ann Sonders. The International Sales ( VXUS ) ( IXUS ) basket topped the year-to-date performance charts with a 32.9% gain, followed by Non Profitable Tech at 29.9% and US Commodity at 25.5%. From there, the Most Short Rolling basket has climbed 24.7%, while High Yield Debt Sensitivity ( SPHY ) ( SCYB ) rose 21.7% and China Sales Exposure ( MCHI ) ( CQQQ ) added 20.1%. The S&P 500 ( SPY ) ( SP500 ), by comparison, has gained 8.1% over the same YTD period. March’s 5.1% correction in the S&P 500 hit certain sectors hard, with Quantum Computing ( QTUM ) ( WQTM ) dropping 17.1% and Consumer Staples ( XLP ) ( VDC ) falling 11.7%. However, quarter-to-date figures show a dramatic snapback in speculative plays. Quantum Computing has surged 46.2%, Retail Favorites gained 29.7%, and Meme Stocks ( MEME ) climbed 24.8%. Liz Ann Sonders More on the Markets May 2026 Trading Outlook: Fiscal Flows, Oil, Bank Credit, And Fed Interest Rates Shiller P/E Hits Dot-Com Bubble Levels - Warning Or Noise? South Korea Vs. U.S.: Who Wins The AI Trade? SA analyst warns hot inflation and Iran risks may pressure markets further Trump says trade talks will take center stage in high-stakes summit with Xi
Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund’s Institutional Class returned -12.04% in the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite recent performance challenges, the Fund maintains a positive outlook on […]
Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund’s Institutional Class returned -12.04% in the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite recent performance challenges, the Fund maintains a positive outlook on […]
Alexey_Fedoren KeyBanc Capital Markets upgraded shares of Zebra Technologies ( ZBRA ) to Overweight from Sector Weight with a $305 price target following the company's “strong” first quarter results . "While we acknowledge that visibility into longer-term trends in memory costs and broader retail IT capex budgets remain limited, we think those concerns may already be well reflected in ZBRA's multi...
Alexey_Fedoren KeyBanc Capital Markets upgraded shares of Zebra Technologies ( ZBRA ) to Overweight from Sector Weight with a $305 price target following the company's “strong” first quarter results . "While we acknowledge that visibility into longer-term trends in memory costs and broader retail IT capex budgets remain limited, we think those concerns may already be well reflected in ZBRA's multiple, inclusive of the LDD [low double digit] price action seen following the earnings call," said analysts led by Ken Newman. The analysts said they think the combo of inflecting short cycle demand, improving cost execution, and Zebra management's conservative guide track record could support upside to consensus and multiple expansion more in line with its peers. Shares of Zebra climbed about 1% premarket on Wednesday. More on Zebra Technologies Zebra Technologies Corporation (ZBRA) Q1 2026 Earnings Call Transcript Zebra Technologies Corporation 2026 Q1 - Results - Earnings Call Presentation Zebra Technologies Bridges The Gap Between Human And Robot Zebra forecasts 2026 non-GAAP EPS of $18.30-$18.70 as it raises sales growth outlook to 10%-14% Zebra Technologies surges after Q1 beat, raises 2026 outlook
Nvidia Inc. (NASDAQ:NVDA) hit an all-time high on May 13, 2026, pushing its market cap to $5.4 trillion. Yet the record obscures a more important question for investors: why has the world's most valuable chip company been underperforming its own sector for months? Ultimately, the answer, and the reason Jensen Huang's seat on Air Force One matters, traces back to one market where Nvidia's revenue h...
Nvidia Inc. (NASDAQ:NVDA) hit an all-time high on May 13, 2026, pushing its market cap to $5.4 trillion. Yet the record obscures a more important question for investors: why has the world's most valuable chip company been underperforming its own sector for months? Ultimately, the answer, and the reason Jensen Huang's seat on Air Force One matters, traces back to one market where Nvidia's revenue has dropped to exactly zero. The Underperformance Nobody Is Talking About The gap between Nvidia and
The Club's top 10 things to watch Wednesday, May 13 — Today's newsletter was written by Jeff Marks, the Club's director of portfolio analysis. 1. Is the reversal out of semiconductor and AI stocks already finished? Stocks like Micron and Club name Corning are coming right back this morning after one day of selling. S & P futures moved lower after April wholesale inflation data came in much hotter ...
The Club's top 10 things to watch Wednesday, May 13 — Today's newsletter was written by Jeff Marks, the Club's director of portfolio analysis. 1. Is the reversal out of semiconductor and AI stocks already finished? Stocks like Micron and Club name Corning are coming right back this morning after one day of selling. S & P futures moved lower after April wholesale inflation data came in much hotter than expected. 2. Nvidia's Jensen Huang will be headed to China after all, joining President Donald Trump for his two-day summit in China that kicks off today. Bank of America raised its Nvidia price target to $320 from $300. Club name Nvidia reports earnings next week. 3. Qnity Electronics landed a round of price target increases after a strong beat and raise yesterday. This Club holding was one of the few AI stocks that didn't fall in yesterday's sell-off. Deutsche Bank and BMO Capital raised to $180, with BMO reiterating its top-pick designation. RBC went to a Street high $200 and kept its buy. 4. Club name Johnson & Johnson was upgraded to buy at Leerink with a price target of $265, up from $252. Will it matter in a market that only wants AI? We think it should but are lonely in that camp. Leerink likes J & J for its accelerating sales growth and raised its revenue estimates for psoriasis pill Icotyde to $10.5 billion in 2032. That's well above the $7.4 billion consensus. 5. NextPower shares are jumping almost 13% this morning after another strong quarter and backlog increase. Raised full-year revenue outlook. NextPower make solar trackers for utility scale solar farms but it's been broadening out. Yesterday it announced a deal to get into the power conversion market. 6. Alibaba shares are down 2% premarket after the Chinese tech giant missed revenue estimates and reported an operating loss for first time since the Covid pandemic. Alibaba is investing heavily in AI and faster e-commerce delivery. 7. CVS Health's price target was raised to $106 from $94 at Bernstein on i...
Advanced Micro Devices (NASDAQ:AMD) shares are trading higher in Wednesday’s premarket session, in tandem with its semiconductor peers, as traders weigh fresh U.S.-China chip-export headlines amid tighter U.S. restrictions that keep the AI hardware trade sensitive to policy risk. China is a key market for AMD. But it’s Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang who is reportedly joining President ...
Advanced Micro Devices (NASDAQ:AMD) shares are trading higher in Wednesday’s premarket session, in tandem with its semiconductor peers, as traders weigh fresh U.S.-China chip-export headlines amid tighter U.S. restrictions that keep the AI hardware trade sensitive to policy risk. China is a key market for AMD. But it’s Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang who is reportedly joining President Donald Trump on the administration’s China delegation. During the two-day meeting, Trump plans to as