It could be time to give the "Magnificent Seven" another look. The tech megacaps have had a rough year, as investors redeployed proceeds into semiconductor companies that are the clearest beneficiaries of the artificial intelligence buildout, as opposed to the companies paying for it. Memory stocks have surged year to date, as have South Korea stocks. The iShares Semiconductor ETF (SOXX) has ralli...
It could be time to give the "Magnificent Seven" another look. The tech megacaps have had a rough year, as investors redeployed proceeds into semiconductor companies that are the clearest beneficiaries of the artificial intelligence buildout, as opposed to the companies paying for it. Memory stocks have surged year to date, as have South Korea stocks. The iShares Semiconductor ETF (SOXX) has rallied roughly 85% year to date. By comparison, the Roundhill Magnificent Seven ETF (MAGS) is down slightly year to date, while the S & P 500 is higher by nearly 9%, as the megacaps started issuing debt to pay for their AI race — with growing skepticism about the return on investment. But by one measure, at least, the megacaps are starting to look like bargains. According to Morgan Stanley Wealth Management's Global Investment Committee, the valuation premium for the Magnificent Seven over the other 493 S & P 500 stocks is now at 10%, the lowest in over a decade. At the same time, the firm noted that the overall group still boasts a 45% annual earnings growth advantage. "By comparison, we believe hyperscalers look downright cheap," Lisa Shalett, head of the global investment office at Morgan Stanley Wealth Management, wrote on Tuesday. Given this, the investment chief said that she would fade her exposure to semiconductor stocks, and selectively wade back into those Magnificent Seven companies that are especially likely to come out on top in the AI race. She added that a burgeoning shift away from "tokenmaxxing" suggests that hybrid designs for AI workflows could benefit hyperscalers such as Alphabet , Amazon and Microsoft . "Tokenmaxxing" measures AI adoption by the number of tokens consumed by companies, but its high cost and energy usage has made it less desirable for businesses. "We see opportunities for some Mag-7 constituents," Shalett wrote, adding, "We are stock-pickers within the group, focusing on those with dynamic design approaches and custom ASIC racks linked to do...
Joby Aviation (NYSE:JOBY) is developing commercial air taxis while its stock trades near a 52-week low. CEO JoeBen Bevirt calls 2026 “a key inflection point” for the eVTOL pioneer, with first passenger service in Dubai this year and a Toyota manufacturing joint venture in hand. Yet shares sit at $8.92, down 32.42% year to date. ... Prediction: Can Joby Aviation Stock Soar 500% by 2030?
Joby Aviation (NYSE:JOBY) is developing commercial air taxis while its stock trades near a 52-week low. CEO JoeBen Bevirt calls 2026 “a key inflection point” for the eVTOL pioneer, with first passenger service in Dubai this year and a Toyota manufacturing joint venture in hand. Yet shares sit at $8.92, down 32.42% year to date. ... Prediction: Can Joby Aviation Stock Soar 500% by 2030?
The U.S. equity market has been rolling since the beginning of 2023, with few interruptions along the way. It started with inflation peaking around mid-2022 and has accelerated with the emergence of the artificial intelligence (AI) revolution since then. Not surprisingly, pretty much anything linked to AI has probably done incredibly well over the past few years. Semiconductor stocks may be the bi...
The U.S. equity market has been rolling since the beginning of 2023, with few interruptions along the way. It started with inflation peaking around mid-2022 and has accelerated with the emergence of the artificial intelligence (AI) revolution since then. Not surprisingly, pretty much anything linked to AI has probably done incredibly well over the past few years. Semiconductor stocks may be the biggest winners. The tech sector has been a consistent leader. Even more ancillary themes, such as data center real estate investment trusts (REITs), have delivered big returns for shareholders. If you're looking to capture the theme more broadly, investing in a growth-oriented fund, such as the Vanguard Growth ETF (NYSEMKT: VUG) , may be the better way. It captures many of these names and can pivot to whatever area of the market is driving growth at any given moment. Continue reading
akinbostanci/E+ via Getty Images Last week, Mark Zuckerberg internally shared that AI agents haven’t progressed as fast as he hoped. While initially many interpreted this as Meta Platforms, Inc.'s ( META ) specific stumble on their agentic AI efforts in consumer, Alexandr Wang later clarified that Zuckerberg was talking about “the industry’s progress on agentic capabilities on the whole.” My guess...
akinbostanci/E+ via Getty Images Last week, Mark Zuckerberg internally shared that AI agents haven’t progressed as fast as he hoped. While initially many interpreted this as Meta Platforms, Inc.'s ( META ) specific stumble on their agentic AI efforts in consumer, Alexandr Wang later clarified that Zuckerberg was talking about “the industry’s progress on agentic capabilities on the whole.” My guess is by “industry,” Wang (and Zuckerberg) likely meant the progress in consumer AI. That begs the question, why is consumer AI not keeping pace with the exponential growth in enterprise AI in 2026? Ben Thompson at Stratechery has been making the case that while enterprises deeply care about productivity, consumers mostly want to be entertained. With tasks such as coding with clear verifiability, productivity can be turbocharged, which can directly convince enterprises to invest heavily in AI to extract as much productivity as possible from the existing workforce. While some prosumers certainly care about being productive, I too think that most consumers indeed likely prefer to be entertained. Consumers also have a much less appetite for patience about using tools that may not work all the time, especially when existing alternatives work just fine. A couple of days ago, Skift published a piece that highlighted the gulf of execution missteps in consumer AI when it comes to travel booking, a use case that most consumer AI companies have been touting in most of their demos over the last couple of years. From Skift: We began our test with two unbranded prompts: “Find me a hotel near Times Square in New York under $400 per night for Sept. 15-17, 2026, with free cancellation” ”Find me a guided food tour in Paris for Sept. 15, 2026, under $150 per person.” With a free ChatGPT account and no apps loaded, the result was predictable: general web search results. Useful for browsing, but not for a traveler ready to compare bookable options. Then Skift loaded the relevant apps and asked f...
JHVEPhoto/iStock Editorial via Getty Images We live in difficult times for investing in the stock market, a problem that was part of the conclusion in my recent article , "This 'Looney Tunes' Market Calls For Thinking At The Second Level: Here Are My Thoughts," June 13. The major problem is the combination of a market that keeps going up despite all evident obstacles and may well continue to do so...
JHVEPhoto/iStock Editorial via Getty Images We live in difficult times for investing in the stock market, a problem that was part of the conclusion in my recent article , "This 'Looney Tunes' Market Calls For Thinking At The Second Level: Here Are My Thoughts," June 13. The major problem is the combination of a market that keeps going up despite all evident obstacles and may well continue to do so for as much as a couple of years despite the fact that many market leaders are already wildly overpriced. This valuation problem presents serious risks at whatever future moment the market corrects and will likely inflict serious losses on many investors. What's the best strategy? Should I sell, hedge, or simply ride out a large market decline with stocks that are only moderately expensive and seem likely to have a solid future? Few investment decisions are more difficult and prone to unexpected curveballs. In this article I will use McKesson Corporation ( MCK ), a stock that I hold in several family portfolios, including my own. It's ranked third overall when family holdings are combined. It's tricky to find the right ranking - hold, sell, or strong sell—in Seeking Alpha rankings, given that a major correction is likely to pull MCK down initially along with most other stocks. This signals the need for some caution. This article on McKesson and perhaps one or two other stocks that will follow explains my approach to making these choices and maximizing likely results even if there's a bear growling somewhere in the nearby forest. What follows is an outline of this bear market strategy. Checking The Boxes Investors vary in the criteria they use to evaluate both safety and potential of an individual stock. The following list is mine, based on operating results as rendered by Seeking Alpha statistics over the past decade. I should add that I first evaluate an individual stock without careful comparison to any other stock. Persistent and growing revenues. In this very important...
Shares of Rocket Lab (NASDAQ:RKLB) have been on a wild ride lately, with the stock down 17.94% over the past week and 24.23% over the past month as the broader space complex has sold off hard since SpaceX’s June 2026 IPO. Even after the pullback, RKLB is still up 19.57% year to date, 114.53% over ... Rocket Lab Bull-Case Target Set at $293 by Morgan Stanley
Shares of Rocket Lab (NASDAQ:RKLB) have been on a wild ride lately, with the stock down 17.94% over the past week and 24.23% over the past month as the broader space complex has sold off hard since SpaceX’s June 2026 IPO. Even after the pullback, RKLB is still up 19.57% year to date, 114.53% over ... Rocket Lab Bull-Case Target Set at $293 by Morgan Stanley
Meta is adding a new safeguard to stop people from secretly recording others with its AI glasses. But the update comes as the company continues to expand how much personal data its AI products collect and use.
Meta is adding a new safeguard to stop people from secretly recording others with its AI glasses. But the update comes as the company continues to expand how much personal data its AI products collect and use.
In late June 2026, Marvell Technology announced an expanded AI infrastructure partnership with NVIDIA, including NVLink ecosystem integration and a US$2.00 billion strategic investment, while also affirming a US$0.06 quarterly dividend and reporting that data center revenue had risen to 76% of total sales. On June 27, 2026, Marvell was removed from several Russell value indexes, underscoring its s...
In late June 2026, Marvell Technology announced an expanded AI infrastructure partnership with NVIDIA, including NVLink ecosystem integration and a US$2.00 billion strategic investment, while also affirming a US$0.06 quarterly dividend and reporting that data center revenue had risen to 76% of total sales. On June 27, 2026, Marvell was removed from several Russell value indexes, underscoring its shift toward a growth-oriented AI data center profile, now trading at around 74x forward earnings...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.61%. September E-mini S&P futures (ESU26 ) are down -0.77%, and September E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.61%. September E-mini S&P futures (ESU26 ) are down -0.77%, and September E-mini Nasdaq futures...
This week, Microsoft took a huge ax to its Xbox business. The company announced that it would be laying off 1,600 workers now, 1,600 more over the next fiscal year, and that it would be shedding four studios. Xbox CEO Asha Sharma hasn't been shy about why she's making such dramatic cuts, saying in a memo that the business is "not healthy." Speaking to Fortune , she said that "we simply spread ours...
This week, Microsoft took a huge ax to its Xbox business. The company announced that it would be laying off 1,600 workers now, 1,600 more over the next fiscal year, and that it would be shedding four studios. Xbox CEO Asha Sharma hasn't been shy about why she's making such dramatic cuts, saying in a memo that the business is "not healthy." Speaking to Fortune , she said that "we simply spread ourselves too thin." Given the scale of the changes and Xbox's currently vague strategy of focusing only on big games , it's unclear just what the future of the platform is. As Microsoft invests much of its resources into everything AI, a struggling cons … Read the full story at The Verge.
Russia Bans Diesel Exports, Assuring Even Higher Prices As was widely speculated in recent days, Russia banned exports of diesel in order to avoid domestic shortages after a flurry of attacks by Ukrainian drones on the nation’s refineries. “Today we introduced ban on exports of diesel, ” Deputy Prime Minister Alexander Novak said at the government’s meeting with President Vladimir Putin. The decis...
Russia Bans Diesel Exports, Assuring Even Higher Prices As was widely speculated in recent days, Russia banned exports of diesel in order to avoid domestic shortages after a flurry of attacks by Ukrainian drones on the nation’s refineries. “Today we introduced ban on exports of diesel, ” Deputy Prime Minister Alexander Novak said at the government’s meeting with President Vladimir Putin. The decision will further squeeze global fuel markets, which are already under pressure due to the supply disruption caused by the Iran war. Russia's decision means that the recent surge in the diesel margins to record highs, which have completely disconnected with oil prices, are set to rise even more. Last year, Russia accounted for about 11% of global supplies of diesel, according to data compiled by Bloomberg from analytics firm Vortexa. The logical corollary is what the DOE reported earlier today, namely that US product exports - which include diesel and other refined products - surged to a record high. Exports of the fuel were previously banned only for traders and other sellers in Russia that don’t make their own fuel. The diesel ban comes on top of existing restrictions on most shipments of gasoline and jet fuel. Russia has been struggling to ensure domestic oil-product supplies and to contain prices at the pump after drone attacks damaged several refineries. Ukraine’s intensified strikes pushed Russia’s crude-processing rates to multi-year lows. Many regions have been forced to impose some degree of fuel rationing because of the disruptions. Even before the ban, Russia’s diesel and gasoil exports were dropping significantly. During the first three weeks of June, its exports of diesel and gasoil averaged about 490,000 barrels a day, only slightly more than half of what the nation shipped to foreign markets in 2025, according to data compiled by Bloomberg from Vortexa. Tyler Durden Wed, 07/08/2026 - 13:10
The Pitt led all nominees with 25 in a dominant second season, while Hacks led all comedies with 24 for its final season as the Emmy nominations were announced on Wednesday. HBO Max’s emergency room series The Pitt was a rookie upstart last year with big wins including best drama series, best actor for Noah Wyle and best supporting actress for Katherine LaNasa. Already a beloved veteran show, it o...
The Pitt led all nominees with 25 in a dominant second season, while Hacks led all comedies with 24 for its final season as the Emmy nominations were announced on Wednesday. HBO Max’s emergency room series The Pitt was a rookie upstart last year with big wins including best drama series, best actor for Noah Wyle and best supporting actress for Katherine LaNasa. Already a beloved veteran show, it owned this year’s acting categories. Wyle was nominated again, as was LaNasa. Taylor Dearden, Fiona...
Twelve South’s AirFly Pro is just $5 more than the SE model. | Image: Twelve South If you’ve got a summer trip coming up, the last-gen Twelve South AirFly Pro is one of those gadgets that can make a long flight feel a little shorter. It lets you use your wireless headphones with in-flight entertainment systems, and right now it’s on sale for $39.99 ($15 off) at Amazon . That’s the best price we’ve...
Twelve South’s AirFly Pro is just $5 more than the SE model. | Image: Twelve South If you’ve got a summer trip coming up, the last-gen Twelve South AirFly Pro is one of those gadgets that can make a long flight feel a little shorter. It lets you use your wireless headphones with in-flight entertainment systems, and right now it’s on sale for $39.99 ($15 off) at Amazon . That’s the best price we’ve seen all year and just $7 shy of the all-time low we last saw in January 2025. Twelve South AirFly Pro Where to Buy: $54.99 $39.99 at Amazon For just $5 more than the AirFly SE , the Pro adds a handful of useful extras, one of which is support for both Bluetooth transmitter and receiver modes. That means you can use your wireless headphones with an airplane’s entertainment system during a flight, then stream music from your phone to compatible wired speakers and sound systems once you’ve landed. Unlike the SE, it also supports two pairs of Bluetooth headphones at once, so you can share a movie or podcast with a travel companion. Plus, its 25 hour battery life should be enough to last through even the longest international flights. The AirFly Pro is useful in other ways, too. During your vacation, you can use it to connect your preferred music streaming service to an older rental car stereo, or your ear buds to a Nintendo Switch. Once you’re back home, it can also connect your wireless headphones to compatible gym equipment and other devices with a standard 3.5mm audio jack.
(RTTNews) - The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $39 billion worth of ten-year notes attracted above average demand.
(RTTNews) - The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $39 billion worth of ten-year notes attracted above average demand.