J Studios/DigitalVision via Getty Images Introduction Alphabet (NASDAQ: GOOG ), (NASDAQ: GOOG L) remains my favorite pick in the large cap tech space, and recent Q1 earnings have served to confirm my thinking. I have written before about Alphabet; in those pieces, I cited advantages the business has in areas like proprietary model development, customer chip designs, and a broad distribution reach....
J Studios/DigitalVision via Getty Images Introduction Alphabet (NASDAQ: GOOG ), (NASDAQ: GOOG L) remains my favorite pick in the large cap tech space, and recent Q1 earnings have served to confirm my thinking. I have written before about Alphabet; in those pieces, I cited advantages the business has in areas like proprietary model development, customer chip designs, and a broad distribution reach. GOOG stock was up 10% on the day of Q1 earnings , a staggering move for a company of this size. The company added over $400bn in market cap on just that one day, which in absolute terms is like adding the GDP of a medium-sized country to the valuation; these are big numbers. With these big numbers, which are thoroughly deserved in my view, Q1 earnings were like a crescendo; all of the positive moving parts came together in clear view for investors. The only gripe that one might hold is the increase in capex; Alphabet is already spending a colossal amount of money and now intends to spend even more. I am less concerned by the magnitude of spending, as the magnitude of increased model token consumption far outstrips the increase in capex being spent. A good proxy for this is the rapid increase in annualized revenue or ARR reported in the media regarding Anthropic . GOOG does not break out specific revenue from its Gemini model, which admittedly would be tricky given Gemini powers AI overviews and AI Mode within core search; it's not as clean cut as Anthropic, for instance, which is charging API access. Nonetheless, what appears indisputable is the volume of token consumption is increasing at an incredible speed. Compute availability is the limiting factor in the system, not underlying demand; heavy capex spending is in service of trying to bridge that supply gap, and until that is achieved, I expect high levels of capex to persist and be justified. VentureBeat I have had a buy rating on GOOG for quite some time now, and today I am compelled to reiterate that stance despite a...
J Studios/DigitalVision via Getty Images Introduction Alphabet (NASDAQ: GOOG ), (NASDAQ: GOOG L) remains my favorite pick in the large cap tech space, and recent Q1 earnings have served to confirm my thinking. I have written before about Alphabet; in those pieces, I cited advantages the business has in areas like proprietary model development, customer chip designs, and a broad distribution reach....
J Studios/DigitalVision via Getty Images Introduction Alphabet (NASDAQ: GOOG ), (NASDAQ: GOOG L) remains my favorite pick in the large cap tech space, and recent Q1 earnings have served to confirm my thinking. I have written before about Alphabet; in those pieces, I cited advantages the business has in areas like proprietary model development, customer chip designs, and a broad distribution reach. GOOG stock was up 10% on the day of Q1 earnings , a staggering move for a company of this size. The company added over $400bn in market cap on just that one day, which in absolute terms is like adding the GDP of a medium-sized country to the valuation; these are big numbers. With these big numbers, which are thoroughly deserved in my view, Q1 earnings were like a crescendo; all of the positive moving parts came together in clear view for investors. The only gripe that one might hold is the increase in capex; Alphabet is already spending a colossal amount of money and now intends to spend even more. I am less concerned by the magnitude of spending, as the magnitude of increased model token consumption far outstrips the increase in capex being spent. A good proxy for this is the rapid increase in annualized revenue or ARR reported in the media regarding Anthropic . GOOG does not break out specific revenue from its Gemini model, which admittedly would be tricky given Gemini powers AI overviews and AI Mode within core search; it's not as clean cut as Anthropic, for instance, which is charging API access. Nonetheless, what appears indisputable is the volume of token consumption is increasing at an incredible speed. Compute availability is the limiting factor in the system, not underlying demand; heavy capex spending is in service of trying to bridge that supply gap, and until that is achieved, I expect high levels of capex to persist and be justified. VentureBeat I have had a buy rating on GOOG for quite some time now, and today I am compelled to reiterate that stance despite a...
Chuck Schumer accuses GOP of ‘asking working families to pay the price while Trump pockets the perks’ in letter US politics live – latest updates Chuck Schumer , the US Senate’s top Democrat, has vowed to oppose a Republican plan to spend $1bn on security improvements for the ballroom Donald Trump is seeking to build on the White House’s former East Wing. The money is set to be included in a measu...
Chuck Schumer accuses GOP of ‘asking working families to pay the price while Trump pockets the perks’ in letter US politics live – latest updates Chuck Schumer , the US Senate’s top Democrat, has vowed to oppose a Republican plan to spend $1bn on security improvements for the ballroom Donald Trump is seeking to build on the White House’s former East Wing. The money is set to be included in a measure Republicans plan to pass that would allocate about $70bn to the federal agencies leading Trump’s mass deportation campaign, with the intention of keeping them operational through the remainder of the president’s term. Continue reading...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.29%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.29%, and June E-mini Nasdaq futures...
denisik11/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Hyperscaler capex looks better when compared to AT&T’s Depression spending . (0:15) Intel gains after SK hynix partnership report . (2:08) Inspire Brands preps for one of history’s largest restaurant IPOs . (2:45) This is an abridged transcript of the podcast: Our top story so far, Wall Street is increasingly...
denisik11/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Hyperscaler capex looks better when compared to AT&T’s Depression spending . (0:15) Intel gains after SK hynix partnership report . (2:08) Inspire Brands preps for one of history’s largest restaurant IPOs . (2:45) This is an abridged transcript of the podcast: Our top story so far, Wall Street is increasingly nervous about hyperscaler capex. The combined capital expenditure of Amazon ( AMZN ), Microsoft ( MSFT ), Alphabet ( GOOG ) ( GOOGL ), and Meta ( META ) was just over $200B in 2024. Two years later it is on track to approach $700B. Free cash flow at those four companies slipped to about $200B last year, down from $237B in 2024, as the AI build-out accelerated. The question investors are asking: what happens if the economy turns? History offers a partial answer from an unlikely source. By 1930, AT&T’s ( T ) Bell System was spending $585M annually on construction — the largest private infrastructure program in American history. Then the Depression hit. GDP collapsed, unemployment reached 25%, and corporate America retrenched. Bell did not. Telephone installations declined, but infrastructure investment continued. The dividend held at $9 per share from 1929 to 1942 — uninterrupted through the worst economic catastrophe in U.S. history. The mechanism was simple: stopping was more dangerous than continuing. A network only has value if it keeps expanding. The moment Bell stopped building, it risked losing the monopoly logic that justified its existence. That logic has a modern echo. Amazon CEO Andy Jassy recently described AI as “a once-in-a-lifetime opportunity where the current growth is unprecedented and the future growth even bigger.” That’s less a growth forecast than a statement about competitive risk. Hyperscaler capex now amounts to roughly 2.2% of U.S. GDP, and executives have been clear: the danger is not over-investing but being under-invested when the cycle matures. ...
A doctor in a hospital exam room watches as a medical transcription agent updates electronic health records, prompts prescription options, and surfaces patient history in real time. A computer vision agent on a manufacturing line is running quality control at speeds no human inspector can match. Both generate non-human identities that most enterprises cannot inventory, scope, or revoke at machine ...
A doctor in a hospital exam room watches as a medical transcription agent updates electronic health records, prompts prescription options, and surfaces patient history in real time. A computer vision agent on a manufacturing line is running quality control at speeds no human inspector can match. Both generate non-human identities that most enterprises cannot inventory, scope, or revoke at machine speed. That is the structural problem keeping agentic AI stuck in pilots. Not model capability. Not compute. Identity governance. Cisco President Jeetu Patel told VentureBeat at RSAC 2026 that 85% of enterprises are running agent pilots while only 5% have reached production. That 80-point gap is a trust problem. The first questions any CISO will ask: which agents have production access to sensitive systems, and who is accountable when one acts outside its scope? IANS Research found that most businesses still lack role-based access control mature enough for today's human identities, and agents will make it significantly harder. The 2026 IBM X-Force Threat Intelligence Index reported a 44% increase in attacks exploiting public-facing applications, driven by missing authentication controls and AI-enabled vulnerability discovery. Why the trust gap is architectural, not just a tooling problem Michael Dickman, SVP and GM of Cisco's Campus Networking business, laid out a trust framework in an exclusive interview with VentureBeat that security and networking leaders rarely hear stated this plainly. Before Cisco, Dickman served as Chief Product Officer at Gigamon and SVP of Product Management at Aruba Networks. Dickman said that the network sees what other telemetry sources miss: actual system-to-system communications rather than inferred activity. "It's that difference of knowing versus guessing," he said. "What the network can see are actual data communications … not, I think this system needs to talk to that system, but which systems are actually talking together." That raw behav...
About a year ago, I was in my parents’ living room, where a new TV sat in its box, waiting to be set up. My sister-in-law pointed to a woman on the packaging and said, “Oh, that’s Dua Lipa!” I barely know who she is, so I didn’t think it was unusual for the singer to be featured on the box. But at least one person thinks it's a big deal: Lipa herself. On Friday, Lipa filed a lawsuit against Samsun...
About a year ago, I was in my parents’ living room, where a new TV sat in its box, waiting to be set up. My sister-in-law pointed to a woman on the packaging and said, “Oh, that’s Dua Lipa!” I barely know who she is, so I didn’t think it was unusual for the singer to be featured on the box. But at least one person thinks it's a big deal: Lipa herself. On Friday, Lipa filed a lawsuit against Samsung for using her image on some of its TV boxes, alleging that its use constitutes copyright infringement, trademark infringement, and a violation of her right of publicity. The complaint ( PDF ), filed in the US District Court for the Central District of California, says that Lipa owns all “rights, title, and interest in the image titled ‘Dua Lipa - Backstage at Austin City Limits, 2024.’” “Samsung mass-manufactured, distributed (or caused to be distributed) marketed, and sold in interstate commerce across the United States a vast number of its televisions in various sizes in these cardboard boxes containing the [image],” the lawsuit says. Read full article Comments
Shares of FuelCell Energy (NASDAQ:FCEL) are up 18% in midday trading on Monday, leading a broad rally across the fuel cell complex. Plug Power (NASDAQ:PLUG) stock is climbing 13%, while Bloom Energy (NYSE:BE) is rallying 12% as investors rotate aggressively into clean baseload power names. FCEL stock is trading at around $16.41 after closing Friday ... FuelCell Energy Surges 18%, Plug Power Climbs...
Shares of FuelCell Energy (NASDAQ:FCEL) are up 18% in midday trading on Monday, leading a broad rally across the fuel cell complex. Plug Power (NASDAQ:PLUG) stock is climbing 13%, while Bloom Energy (NYSE:BE) is rallying 12% as investors rotate aggressively into clean baseload power names. FCEL stock is trading at around $16.41 after closing Friday ... FuelCell Energy Surges 18%, Plug Power Climbs 13%, Bloom Energy Rallies 12% as Fuel Cell Stocks Ignite
As of midday, the S&P 500 (SNPINDEX:^GSPC) rose 0.34% to 7,424.04, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.38% to 26,346.51. The Dow Jones Industrial Average (DJINDICES:^DJI) was barely changed, falling 0.01% to 49,604.50 as oil’s latest spike tempered AI‑driven opti
As of midday, the S&P 500 (SNPINDEX:^GSPC) rose 0.34% to 7,424.04, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.38% to 26,346.51. The Dow Jones Industrial Average (DJINDICES:^DJI) was barely changed, falling 0.01% to 49,604.50 as oil’s latest spike tempered AI‑driven opti
As microdrama apps like ReelShort and DramaBox quietly rake in billions, Peacock announced on Monday that is launching two unscripted Bravo microdramas, which will stream in the Peacock app.
As microdrama apps like ReelShort and DramaBox quietly rake in billions, Peacock announced on Monday that is launching two unscripted Bravo microdramas, which will stream in the Peacock app.
In this article NFLX Follow your favorite stocks CREATE FREE ACCOUNT Samuel Boivin | Nurphoto | Getty Images Netflix was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive. Texas said Netflix has for years falsely represented to consumer...
In this article NFLX Follow your favorite stocks CREATE FREE ACCOUNT Samuel Boivin | Nurphoto | Getty Images Netflix was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive. Texas said Netflix has for years falsely represented to consumers that it did not collect or share user data, when it actually tracked viewing habits and preferences and sold the data to commercial data brokers and advertising technology companies, making billions of dollars a year. The complaint quoted former Netflix Chief Executive Reed Hastings as saying in 2020 "we don't collect anything," as he sought to distinguish Netflix from Amazon.com , Facebook , Google with regard to data collection. "When you watch Netflix, Netflix watches you," according to the complaint filed in a state court in Collin County, near Dallas. Netflix did not immediately respond to a request for comment. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.