While chip makers Intel and Micron have been getting all the love in recent days, Marvell got a nice bounce Wednesday after analysts at BofA and Goldman Sachs raised their price targets for it. Marvell shares closed up 8.2% to $177.95, for a new record high. The stock is up more than 100% in 2026 on high demand for its chips and partnerships with Big Tech hyperscalers like Amazon and Microsoft It ...
While chip makers Intel and Micron have been getting all the love in recent days, Marvell got a nice bounce Wednesday after analysts at BofA and Goldman Sachs raised their price targets for it. Marvell shares closed up 8.2% to $177.95, for a new record high. The stock is up more than 100% in 2026 on high demand for its chips and partnerships with Big Tech hyperscalers like Amazon and Microsoft It has had 12 record closes in 2026, with the last one on May 6.
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.58%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.04%. June E-mini S&P futures (ESM26 ) rose +0.62%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.58%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.04%. June E-mini S&P futures (ESM26 ) rose +0.62%, and June E-mini Nasdaq futures...
maybefalse/iStock Unreleased via Getty Images Asian Stocks In Focus Amid Trump-Xi Summit Asian equities have outperformed many global peers this year, led by companies spanning every layer of the AI ecosystem – including software firms, cloud service providers, and semiconductor manufacturers. In addition to geographic diversification across some of the fastest-growing economies in the world, Asia...
maybefalse/iStock Unreleased via Getty Images Asian Stocks In Focus Amid Trump-Xi Summit Asian equities have outperformed many global peers this year, led by companies spanning every layer of the AI ecosystem – including software firms, cloud service providers, and semiconductor manufacturers. In addition to geographic diversification across some of the fastest-growing economies in the world, Asian equities offer exposure to AI structural tailwinds outside U.S. mega-cap stocks. Seeking Alpha Asian stocks have traded mixed amid the uncertainty over the Iran conflict, hot inflation figures , and the upcoming meeting between President Donald Trump and Chinese counterpart Xi Jinping. All eyes are now focused on the summit in Beijing, where technology and trade are expected to be at the top of the agenda. Although in some corners expectations are low , the results could influence investor sentiment toward Asian markets and tech stocks. The meeting also comes just as Chinese heavyweights have been reporting earnings, including tech giants Alibaba ( BABA ) and Tencent ( TCEHY ). Tencent and Alibaba Surge After Earnings Like U.S. counterparts, Chinese big tech firms have faced skepticism from investors over the payoff on AI capital spending. The top four U.S. hyperscalers expect capex to reach more than $700B in 2026, with a large portion tied to AI data centers and infrastructure. BABA vs. TCEHY vs. U.S. Hyperscalers: 1Y Price Performance Seeking Alpha Earlier this month, Meta ( META ), Microsoft ( MSFT ), and Amazon ( AMZN ) reported double earnings beats, but the results were apparently not enough for many investors based on the market reactions. Alphabet ( GOOG ) ( GOOGL ), on the other hand, saw shares surge after management tied AI investments directly to tangible financial gains. Alibaba and Tencent saw shares rise even after missing top- and bottom-line expectations, with investors focused on performance in key business segments. Both tech giants are Holds, and belo...
Good news, OpenClaw fans — you can once again use your Claude AI subscription to power the hit, open source, autonomous AI agentic harness! But, there's a big catch with how it's being enacted. A few hours ago, Anthropic announced via its official developer communications account on X, @ClaudeDevs , that it is changing its Claude paid subscription tiers, introducing a new subcategory of "Agent SDK...
Good news, OpenClaw fans — you can once again use your Claude AI subscription to power the hit, open source, autonomous AI agentic harness! But, there's a big catch with how it's being enacted. A few hours ago, Anthropic announced via its official developer communications account on X, @ClaudeDevs , that it is changing its Claude paid subscription tiers, introducing a new subcategory of "Agent SDK" credits for all paid subscribers, which they can now allocate specifically for "programmatic" uses, including external, third-party agents such as OpenClaw. The move us a major reversal from the Anthropic's policy introduced in early April 2026 that expressly prohibited its AI subscriptions from being used to power these kind of non-Anthropic agents and harnesses, after Anthropic said they caused capacity and service issues. The problem was that some Claude subscribers were paying $20 to $200 per month under Anthropic's Claude Pro and Max subscriptions, but consuming hundreds, even thousands of dollars of tokens (units of information) above those prices through their OpenClaw (and similar autonomous) agents. This was an unsustainable position for Anthropic's finances and its limited compute infrastructure for inferencing the models to end users. To be clear, even when it enacted the old prohibition against OpenClaw and similar agents last month, Anthropic never fully cut off the capability for Claude to be used in OpenClaw. Rather, it redirected users to pay through the company's application programming interface (API) , which is billed for usage (priced per million tokens, rather than a flat monthly rate as the subscriptions offer), or pay for extra usage credits atop their subscriptions. Now, Anthropic is giving Claude subscribers another way to use their subscription bill to pay for third-party agents. However, the restoration comes with a significant catch: programmatic usage is no longer subsidized by the general subscription pool but is instead restricted to a fixed...
Comfort Systems USA (NYSE: FIX) stock is up an incredible 1,240% over the last three years, and up 116% in 2026 alone as I write. It's an astonishing run that speaks to the explosion in artificial intelligence (AI) data center spending in the period. It's a run that could easily continue, and at the same time end abruptly. Here's what you need to know before buying the stock. The mechanical and el...
Comfort Systems USA (NYSE: FIX) stock is up an incredible 1,240% over the last three years, and up 116% in 2026 alone as I write. It's an astonishing run that speaks to the explosion in artificial intelligence (AI) data center spending in the period. It's a run that could easily continue, and at the same time end abruptly. Here's what you need to know before buying the stock. The mechanical and electrical services contractor is enjoying an unprecedented boom in demand coming from spending on AI infrastructure. The company constructs, installs, and services heating, ventilation, and air conditioning (HVAC); as well as plumbing, electrical, and associated services for commercial and institutional customers. Given the critical importance of HVAC and electrical systems to data centers and the ongoing arms race to build out AI infrastructure, the company's services have come into great demand. A look at the company's backlog reveals why the stock is up massively. To put the figures into context, the company's estimated 2026 revenue is almost $12 billion, so the backlog alone represents a full year's revenue. Continue reading
Getty Images The stock market in 2026 is a story of winners and losers. Dispersion has increased dramatically, with semiconductor stocks skyrocketing while many stocks in software and retail decline to multi-year lows. It's a time, in my view, to be selectively hunting for bargains and reducing correlation in our portfolios to an S&P 500 that is increasingly weighted toward the crowded semiconduct...
Getty Images The stock market in 2026 is a story of winners and losers. Dispersion has increased dramatically, with semiconductor stocks skyrocketing while many stocks in software and retail decline to multi-year lows. It's a time, in my view, to be selectively hunting for bargains and reducing correlation in our portfolios to an S&P 500 that is increasingly weighted toward the crowded semiconductor trade. That said, there are some puzzling winners as well . Warby Parker Inc. ( WRBY ), the eyeglasses manufacturer, has seen a sharp slowdown in sales as well as a contraction in profit margins. And yet, the stock is rising, unsurprisingly, thanks to an AI narrative as the company prepares to release a pair of AI smartglasses in partnership with Google ( GOOG ). The stock is up 25% since January and more than 50% over the past 12 months, which to me makes Warby Parker vulnerable to a correction. Data by YCharts I last wrote a "Sell" article on Warby Parker in February, when the stock was trading near $25 per share. Since then, Warby Parker has climbed marginally higher, which to me increases the likelihood that this stock is trading on sentiment alone - and one that may shift rapidly if its new Google glasses flop. I reiterate my "Sell" rating here. There are two main advantages that I see here for Warby Parker. The first is that there's no doubt the brand remains popular, and still at just a small slice of the overall eyewear market. The company notes that its sales represent only a small 1.3% slice of the overall vision market. And certainly, if smart glasses take off as a concept, the company has landed a Mag 7 technology partner that is now one of the most celebrated AI trades in the stock market today. We note as well that Warby Parker's eyeglasses, which start at a very reasonable $95 price, are likely also immune to macro shocks: vision-impaired people will still need to buy glasses, and Warby Parker's selection is well under most vision insurance frame threshold...
In this article SFTBY SFTBY FIG NVDA Follow your favorite stocks CREATE FREE ACCOUNT Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Raise summit in Paris on July 8, 2025. The annual conference gathers global leaders and key speakers in tech and AI. Nathan Laine | Bloomberg | Getty Images Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a sha...
In this article SFTBY SFTBY FIG NVDA Follow your favorite stocks CREATE FREE ACCOUNT Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Raise summit in Paris on July 8, 2025. The annual conference gathers global leaders and key speakers in tech and AI. Nathan Laine | Bloomberg | Getty Images Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what's expected to be a very busy year for new AI offerings. The IPO reeled in at least $5.55 billion for Cerebras, which is hitting the market during a silicon renaissance. Intel , Advanced Micro Devices and memory maker Micron are each up more than 80% in the past month, and have notched much more dramatic gains over the last year as investors spread their chip bets from Nvidia to the wider universe of semiconductor companies now benefiting from the AI boom. It's also one of the largest tech IPOs in years. Uber raised about $8 billion in 2019, and the biggest since then for a U.S. tech company was Snowflake's offering in 2020, which brought in over $3.8 billion. Expanding to include autos, electric vehicle maker Rivian raised roughly $12 billion in 2021. At the IPO price, Cerebras is now worth $56.4 billion on a fully diluted basis. Andrew Feldman, Cerebras' co-founder and CEO, now holds a stake worth about $1.9 billion. Founded in 2016 and headquartered in Silicon Valley, Cerebras has faced a rocky road getting to the Nasdaq, where it will trade under ticker symbol CBRS. In September 2024 Cerebras filed to go public, but withdrew its submission a little over a year later after its prospectus was heavily scrutinized due largely to the company's heavy reliance on a single customer in the United Arab Emirates, Microsoft -backed G42. Cerebras had started shifting its focus away from selling hardware systems and more toward providing a cloud s...
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
Oil was steady ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution. West Texas Intermediate traded near $101 a barrel after declining 1.1% in the previous session. Brent crude closed below $106. Trump is scheduled to meet Xi on Thursday, and the US leader ...
Oil was steady ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution. West Texas Intermediate traded near $101 a barrel after declining 1.1% in the previous session. Brent crude closed below $106. Trump is scheduled to meet Xi on Thursday, and the US leader told reporters on Tuesday that trade talks will be prioritized rather than discussions about the Middle East conflict. The flow of crude and fuels through the crucial Strait of Hormuz fell by nearly 6 million barrels per day in the first quarter, following the start of hostilities at the end of February, according to the Energy Information Administration. Ahead of the Trump-Xi summit, the US threatened banks and sanctioned more entities over the sale of Iranian oil to China, the biggest buyer. A ceasefire has been in place since early April, despite a series of flareups in violence, but the US and Iran appear to making little progress toward resolving their differences and agreeing on a peace proposal. That’s kept the Strait of Hormuz effectively closed, choking off crucial energy supplies. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for June delivery was little changed at $101.06 a barrel at 6:08 a.m. in Singapore. Brent for July settlement closed 2% lower at $105.63 a barrel.