Broadcom — Shares of the chipmaker were up 6% after Apple announced an expansion of the two companies' partnership. The multiyear deal will exceed $30 billion and lead to 15 billion U.S.-made chips. It also includes an expansion of a Broadcom facility in Fort Collins, Colorado. Apple' s stock was also rising, but just by 1%. Moderna — The biotech giant shed 7% after Morgan Stanley reiterated its e...
Broadcom — Shares of the chipmaker were up 6% after Apple announced an expansion of the two companies' partnership. The multiyear deal will exceed $30 billion and lead to 15 billion U.S.-made chips. It also includes an expansion of a Broadcom facility in Fort Collins, Colorado. Apple' s stock was also rising, but just by 1%. Moderna — The biotech giant shed 7% after Morgan Stanley reiterated its equal-weight rating on the stock. The firm raised its price target to $39 from $33, citing higher estimates for Covid and flu vaccines. "We see vaccines and [individualized neoantigen therapy] as the key valuation drivers of the company," Morgan Stanley said. Alibaba — Chinese tech stocks bucked the sell-off trend on Wednesday as investors surged into that sector. U.S.-traded Alibaba shares rose more than 11%, while JD.com and Baidu each jumped more than 4%. MasTec — The data center power infrastructure company jumped 6% after agreeing to acquire Superior Group , an electrical contractor. The cash-and-stock deal is valued at about $1.65 billion. Levi Strauss — The denim manufacturer dropped about 2% as traders awaited the company's quarterly report. Analysts polled by StreetAccount see second-quarter revenue coming in at $1.52 billion, reflecting a 5.1% increase year over year, and earnings of 24 cents per share. Near-term options suggest the stock could swing more than 9% on results, according to StreetAccount. FuelCell Energy — The fuel cell company tumbled about 12% after announcing an upsized public offering 10.7 million shares at $21 apiece to raise $225 million in gross proceeds. Energy stocks — Shares of energy companies were boosted as U.S. oil prices surged after President Donald Trump said the ceasefire with Iran is over. Diamondback Energy jumped more than 3%. APA Corporation advanced 2%, while Occidental Petroleum rose 4%. Chevron was up 1%. Cruise lines, airlines — Meanwhile, companies that are exposed heavily to fuel prices fell as oil rose. Carnival Corporatio...
OpenAI ( OPENAI ) unveiled on Wednesday a new family of voice artificial intelligence models, GPT-Live, that it says will help power ChatGPT Voice. The GPT-Live model is built on a full-duplex architecture, so it can listen and speak at the same time, OpenAI said in a statement. “During conversations, GPT‑Live can show it’s paying attention with phrases like ‘mhmm’ or ‘yeah,’ engage in quick back-...
OpenAI ( OPENAI ) unveiled on Wednesday a new family of voice artificial intelligence models, GPT-Live, that it says will help power ChatGPT Voice. The GPT-Live model is built on a full-duplex architecture, so it can listen and speak at the same time, OpenAI said in a statement. “During conversations, GPT‑Live can show it’s paying attention with phrases like ‘mhmm’ or ‘yeah,’ engage in quick back-and-forth, or just stay quiet when you need a moment to think,” OpenAI said. “The result is a voice experience that is refreshingly easy to talk to.” With more than 150M talking to ChatGPT each week, OpenAI said it was incumbent that GPT-Live be its smartest voice model yet. “For questions that require web search, deeper reasoning, or more complex work, it delegates to our latest frontier model behind the scenes and brings the result back into the conversation when it’s ready,” OpenAI added. “While it works, GPT‑Live can keep talking with you and maintain the flow of conversation. At launch, GPT‑Live will use GPT‑5.5 in the background.” GPT-Live will roll out in two versions—GPT‑Live‑1 and GPT‑Live‑1 mini—to ChatGPT users across the globe, starting today. It will also be available via the API “soon,” and developers and enterprises can sign up to be notified. More on OpenAI OpenAI IPO Delay: A Symptom Of A Tech Bubble? OpenAI: Mega IPO Faces Anthropic Claude Mythos Reckoning Wall Street Lunch: Hot Labor Market Defies Predictions Of AI-Led Job Losses Cloudflare, OpenAI team up to launch research pilot for AI search indexing Kalshi bets shift to Quantum, semiconductor stakes over OpenAI government deal
VanderWolf-Images/iStock Editorial via Getty Images Airbus ( EADSF ) ( EADSY ) down 3.3% in Wednesday's trading after reporting it delivered 351 airplanes in this year's H1, up ~15% from 306 in the same period last year, after delivering 89 jets to 49 customers in June. The result means Airbus ( EADSF ) ( EADSY ) is broadly on track to meet its full-year target of 870 deliveries, as the company'...
VanderWolf-Images/iStock Editorial via Getty Images Airbus ( EADSF ) ( EADSY ) down 3.3% in Wednesday's trading after reporting it delivered 351 airplanes in this year's H1, up ~15% from 306 in the same period last year, after delivering 89 jets to 49 customers in June. The result means Airbus ( EADSF ) ( EADSY ) is broadly on track to meet its full-year target of 870 deliveries, as the company's delivery rates typically rise in the second half of the year. The company also said in its monthly report that it sold 887 aircraft in the January-June period, or a net total of 822 after adjusting for cancellations. Airbus ( EADSF ) ( EADSY ) also lowered its 20-year industry-wide forecast for passenger aircraft demand by 1%, pointing to the Iran war and escalating trade tensions for knocking aviation's post-COVID rebound off course. The planemaker said it still expects strong jet demand led by Asia, which is expected to account for about half of all deliveries. Across the industry, which includes planes sold by Boeing as well as China, Airbus ( EADSF ) ( EADSY ) said it expected 42,060 total passenger jet deliveries during 2026-45, down 1% from its previous rolling 20-year forecast. More on Airbus Boeing And Airbus: $80 Billion In Orders, Deliveries Near Pre-Crisis Levels Airbus: A220 Mega Order Masks The Real Challenge Ahead Airbus Q1 2026 Earnings Call Transcript
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...