Ariel Investments, an investment management company, released its “Ariel Focus Fund” Q1 2026 Investor Letter. A copy of the letter can be downloaded here. The fund reported strong first-quarter performance for its Ariel Focus Fund, which gained 7.30%, significantly outperforming both the S&P 500’s -4.33% return and the Russell 1000 Value Index’s 2.10% gain amid […]

Oracle Corporation (ORCL) Slides on AI Spending Concerns – Is This a Buying Opportunity? Yahoo Finance

Getty Images Introduction Per my February article , Alphabet ( GOOG ) ( GOOGL ) is doing well under CEO Sundar Pichai. Since then we have had new developments, including the 1Q26 release and the April 2026 Cloud Next ‘26 conference . Also, we have Nvidia’s March 2026 Advancing to AI’s Next Frontier GTC session presented by Google’s Chief Scientist Jeff Dean and Nvidia’s ( NVDA ) Chief Scientist Bill Dally. Google is both a producer and consumer of AI-generated systems. My thesis is that Google is benefiting as AI-generated code increases. Internal AI-Generated Code In the 3Q24 call, CEO Sundar Pichai said more than a quarter of all new code at Google is generated by AI and then reviewed by human engineers. A year later in the 3Q25 call, Senior VP Anat Ashkenazi said nearly half of Google's code is generated by AI. About six months later, at the April 2026 Cloud Next ‘26 conference , CEO Pichai said 75% of all new code at Google is now AI-generated and approved by engineers. This is an important transformation, going from about a quarter of code being generated by AI in October 2024, all the way up to three quarters by April 2026. Worldwide AI-Generated Code Google's engineering organization runs on its internal monorepo and code-review tooling rather than GitHub, but GitHub’s numbers provide useful third-party signals for industry-wide trends in agentic coding adoption. GitHub’s public developer activity and tooling updates around agentic coding workflows show a sharp acceleration in AI-assisted software development since December 2025. Hyperscalers like Google Cloud, AWS, and Azure all report higher demand driven by rising code generation. GitHub's third-party data provides independent evidence of the same trend: Software acceleration (GitHub) Internal AI Chip Design Google demonstrated leadership in applying AI to the placement stage of chip design years ago with their groundbreaking AlphaChip paper which was published in Nature in 2021. Nvidia is the overall lead...

Getty Images Introduction Per my February article , Alphabet ( GOOG ) ( GOOGL ) is doing well under CEO Sundar Pichai. Since then we have had new developments, including the 1Q26 release and the April 2026 Cloud Next ‘26 conference . Also, we have Nvidia’s March 2026 Advancing to AI’s Next Frontier GTC session presented by Google’s Chief Scientist Jeff Dean and Nvidia’s ( NVDA ) Chief Scientist Bill Dally. Google is both a producer and consumer of AI-generated systems. My thesis is that Google is benefiting as AI-generated code increases. Internal AI-Generated Code In the 3Q24 call, CEO Sundar Pichai said more than a quarter of all new code at Google is generated by AI and then reviewed by human engineers. A year later in the 3Q25 call, Senior VP Anat Ashkenazi said nearly half of Google's code is generated by AI. About six months later, at the April 2026 Cloud Next ‘26 conference , CEO Pichai said 75% of all new code at Google is now AI-generated and approved by engineers. This is an important transformation, going from about a quarter of code being generated by AI in October 2024, all the way up to three quarters by April 2026. Worldwide AI-Generated Code Google's engineering organization runs on its internal monorepo and code-review tooling rather than GitHub, but GitHub’s numbers provide useful third-party signals for industry-wide trends in agentic coding adoption. GitHub’s public developer activity and tooling updates around agentic coding workflows show a sharp acceleration in AI-assisted software development since December 2025. Hyperscalers like Google Cloud, AWS, and Azure all report higher demand driven by rising code generation. GitHub's third-party data provides independent evidence of the same trend: Software acceleration (GitHub) Internal AI Chip Design Google demonstrated leadership in applying AI to the placement stage of chip design years ago with their groundbreaking AlphaChip paper which was published in Nature in 2021. Nvidia is the overall lead...

4kodiak/iStock Unreleased via Getty Images I recently argued that AI companies can be classified into three categories: AI enablers, AI creators and AI adopters. Within this framework I see a third, new category of highly integrated AI “landlords” emerging: Amazon.com, Inc. ( AMZN ) and Microsoft Corporation ( MSFT ). Sitting between enablers and creators, these companies provide the cloud infrastructure that allows AI models to be developed and AI applications to be rolled out to companies and consumers. They also have very strong B2B and B2C ecosystems, ready for monetizing AI applications once AI matures. In an accelerating AI race, I think this is increasingly looking like a moat that will provide an edge against OpenAI ( OPENAI ) and Anthropic ( ANTHRO ). The AI race is accelerating the “Cloud wars” Both Microsoft and Amazon reported quarterly earnings last week. I cannot find better words than “outstanding” to describe the growth figures that were just reported. Microsoft’s Azure and other cloud services revenue grew 40%, while Intelligent Cloud revenue was $34.7B, up 30%; Microsoft Cloud revenue was $54.5B, up 29%. AWS net sales were $37.6B, up 28% year over year. Both companies report operating margins of ~40% for their cloud segments. What strikes me is not only the sheer pace of growth, but how this growth fits in an historical context. The chart below shows 5-years Operating Margin figures for the Cloud segments of MSFT and AMZN, together with those of Alphabet Inc. ( GOOG ). Author's work based on SA data A note about how Microsoft reports Cloud figures In comparing Cloud figures, it is worth noting that Amazon and Microsoft follow different logic in data reporting. Amazon treats AWS as a fully standalone reporting segment, whereas Microsoft blends Azure into broader categories. This is the reason why in my chart, Microsoft’s cloud seems to be of a significant magnitude larger than that of Amazon. This is not necessarily the case in terms of “real” cloud...

4kodiak/iStock Unreleased via Getty Images I recently argued that AI companies can be classified into three categories: AI enablers, AI creators and AI adopters. Within this framework I see a third, new category of highly integrated AI “landlords” emerging: Amazon.com, Inc. ( AMZN ) and Microsoft Corporation ( MSFT ). Sitting between enablers and creators, these companies provide the cloud infrastructure that allows AI models to be developed and AI applications to be rolled out to companies and consumers. They also have very strong B2B and B2C ecosystems, ready for monetizing AI applications once AI matures. In an accelerating AI race, I think this is increasingly looking like a moat that will provide an edge against OpenAI ( OPENAI ) and Anthropic ( ANTHRO ). The AI race is accelerating the “Cloud wars” Both Microsoft and Amazon reported quarterly earnings last week. I cannot find better words than “outstanding” to describe the growth figures that were just reported. Microsoft’s Azure and other cloud services revenue grew 40%, while Intelligent Cloud revenue was $34.7B, up 30%; Microsoft Cloud revenue was $54.5B, up 29%. AWS net sales were $37.6B, up 28% year over year. Both companies report operating margins of ~40% for their cloud segments. What strikes me is not only the sheer pace of growth, but how this growth fits in an historical context. The chart below shows 5-years Operating Margin figures for the Cloud segments of MSFT and AMZN, together with those of Alphabet Inc. ( GOOG ). Author's work based on SA data A note about how Microsoft reports Cloud figures In comparing Cloud figures, it is worth noting that Amazon and Microsoft follow different logic in data reporting. Amazon treats AWS as a fully standalone reporting segment, whereas Microsoft blends Azure into broader categories. This is the reason why in my chart, Microsoft’s cloud seems to be of a significant magnitude larger than that of Amazon. This is not necessarily the case in terms of “real” cloud...

Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi press release ( AEBZY ): Net sales revenue increased by 18.6% y-o-y on a proforma basis, reaching TL 47,010.2M in 4Q2025. Net loss of TL 3,136.7M in 4Q2025, compared to a net loss of TL 2,133.4M in 4Q2024 on a proforma basis. More on Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (AEBZY) Q4 2025 Earnings Call Transcript Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi 2025 Q4 - Results - Earnings Call Presentation Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi reports Q4 results ; introduces FY26 outlook Historical earnings data for Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi Dividend scorecard for Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi

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MU stock hits intraday record high today: Will Micron's market cap cross $700 billion for the first time? The Economic Times

'Big Short' Investor Michael Burry Targets Palantir, Nvidia, Tesla and Meta

Committee Chairman Sen. Tim Scott (R-SC) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Senate Banking Committee Chairman Tim Scott said Federal Reserve Chair Jerome Powell is making a "significant mistake" by staying on the Federal Reserve 's Board of Governors after his term atop the central bank ends. "He's breaking 75 years of precedent. Every time you get a new chairman, the former chairman leaves. That's good news because what you don't want are these philosophies in conflict," Scott, R-S.C., said Tuesday at the Milken Institute Global Conference. "I think for the country and for the Fed, it would be best if he left," Scott said. Read more CNBC politics coverage Pirro reveals new Trump attack evidence; Cole Allen challenges 'suicide precautions' Bard President Botstein retiring after Jeffrey Epstein ties detailed Trump tells Congress hostilities in Iran 'have terminated' at war powers deadline Lutnick gets grilling on Nvidia chip sales to China in Sen. Chris Coons letter Powell's term as Fed chair ends May 15. By staying on, he is denying President Donald Trump a majority on the board, on which Powell could serve until 2028. A spokesperson for the Fed didn't immediately respond to an email seeking comment on Scott's remarks. His choice to stay on the Fed board comes as Powell and Trump have clashed in the last year over the president's calls for lower interest rates. Trump has floated the idea of firing Powell , and his administration launched an investigation into cost overruns in the Fed's ongoing building renovations and related testimony to Congress by Powell. Powell announced last week he plans to stay on the board for an indefinite period while the probe continues. "I've said that I will not lea...

JHVEPhoto eBay's ( EBAY ) board is expected to meet this week to evaluate GameStop's ( GME ) $56 billion takeover offer, according to a Semafor report on Tuesday, which cited people familiar with the matter. U.S. online marketplace eBay ( EBAY ) on Monday confirmed that it has received an unsolicited, non-binding acquisition proposal from GameStop ( GME ). eBay had no discussions with or outreach from GameStop prior to receiving the proposal, the company said. GameStop ( GME ) submitted a non-binding proposal to acquire the company at $125 per share in cash and stock. GameStop ( GME ), valued at nearly $10.7B, said Sunday it has built a 5% economic stake in eBay through derivatives and direct ownership of common shares. eBay’s market cap stands at about $49B. More on eBay eBay: GameStop Bid Doesn't Add Up GameStop's 'Crazy Idea' To Buy EBay Isn't So Crazy, But It Is Risky eBay And GameStop: A Deal Made In Meme Heaven GameStop and eBay trade lower as investors doubt a deal makes it to the finish line Michael Burry exits entire GameStop stake after $56B eBay bid

Introducing OS Level Actions in Amazon Bedrock AgentCore Browser Amazon Web Services

圣智学习、阿歇特、麦克米伦、麦格劳以及作家斯科特・图罗等出版商，要求由陪审团审理这起版权侵权诉讼 内容速览 多家出版商对 Meta 平台公司提起集体诉讼，指控其非法使用受版权保护的作品，用于搜集素材并训练旗下人工智能模型。 一众出版商已向 Meta 公司提起 集体诉讼 ，指控这家科技巨头非法盗用各家 受版权保护的作品 ，用以搜集数据、训练自家 AI 平台。 此次发起诉讼的机构与个人包括：圣智学习（Cengage Learning）、阿歇特出版（Hachette）、麦克米伦（Macmillan）、麦格劳（McGraw）以及作家斯科特・图罗，他们 要求启动陪审团庭审 ，审理此次版权侵权诉求。 出版商指控，Meta 从盗版网站获取 数百万本图书与期刊文章 ，并将这些版权内容用于训练其 AI 大模型 Llama 。 出版商还称，Meta 刻意抹除作品中的 版权管理信息 ，隐瞒训练数据来源，为未经授权的商用使用提供便利。 诉讼还将 Meta 首席执行官 马克・扎克伯格 列为被告，指控其 亲自批准并主动纵容 此次版权侵权行为。 出版商在诉状中表示：“被告的行为，构成史上规模最大的版权作品侵权行为之一。” Meta 发言人回应称，公司将 积极抗辩 此次诉讼。 该发言人表示：“人工智能正在为个人与企业带来变革式创新、提升生产效率与创作能力。法院已有合理判例认定，利用版权内容训练 AI 可构成 合理使用 。” 责任编辑：郭明煜

Schaeffler AG press release ( SFFLY ): Q1 revenue was 5.76B euros (prior year: 5.92B euros). Anticipates revenue for 2026 within a range of ~22.5B to 24.5B euros. This represents constant-currency revenue growth of -4.3 to 4.3 percent. Free cash flow before cash in- and outflows for M&A activities is expected to amount to 100M to 300M euros.

quantic69/iStock via Getty Images President Trump recently announced a new initiative, " Project Freedom , " which aims to guide neutral ships through the extremely backed up and essentially shut Strait Of Hormuz. The primary issue with this initiative is that the Iranians seem firmly against it, and there are already reports of potential fireworks going off. The Iranian Fars government "news agency, " reported that the IRGC hit a U.S. warship with two missiles, after warning the U.S. warship not to go through the Strait. While a senior U.S. official has denied that a U.S. ship was hit, that does not mean that missiles weren't fired, as things appear to be flaring up in the Gulf again. Project Freedom may be the ideal catalyst to renew kinetic hostilities with Iran. After all, Iran and the U.S. remain very far apart diplomatically. The diplomatic situation is essentially going nowhere, and the U.S. has eliminated several of Iran's " speed boats " recently. Project Freedom may put U.S. ships within Iranian striking distance, and we see hostile incidents occurring already. The key question is what will trigger a return to fuller scale military operations? If Iran actively targets U.S. assets in the region, there could be an overwhelming response from the U.S. Then, as the dynamic escalates, Iran could retaliate more on neighboring states' oil/gas and other infrastructure, as well as U.S. ships and other targets. To be honest, I am quite surprised that the oil futures market remains so subdued through all of this. Ultimately, I believe the U.S. must secure the Strait Of Hormuz, and retrieve Iran's enriched uranium. Therefore, it's even possible to see a limited ground invasion to secure Kharg Island, and potentially other crucial areas in and around the Strait. Another highly critical element remains Iran's nuclear program, which has not been even remotely resolved yet, and it doesn't seem likely that Iran will simply hand over its highly prized enriched uranium. This ...

Italian prime minister had received wave of criticism from people who believed deepfake pictures of her were real Italy’s prime minister, Giorgia Meloni, has criticised the circulation of AI-generated deepfake images of her, including one depicting her in lingerie, after they were widely shared online. Meloni wrote on Facebook on Tuesday: “In recent days, several fake images of me have been circulating, generated using artificial intelligence and passed off as real by some overzealous opponents. Continue reading...

Nvidia, TSM And Broadcom Are Sending The Same Signal—And It's Not Bullish Benzinga

J. Goldman & Co LP's Meta Platforms Inc(META) Holding History GuruFocus

财联社5月6日讯（编辑 史正丞） 上周曾引发资本市场震动的“OpenAI造手机”传闻，又有了新的发展。 知名科技分析师郭明錤周二在社交媒体分享称， 根据产业链调查更新，OpenAI的智能体手机开发的似乎有所提速，最新目标是在2027年上半年量产。 这意味着最快到明年晚些时候，我们就能见到OpenAI硬件野心之作到底长什么样。 郭明錤表示，OpenAI似乎正在加速推进其首款AI智能体手机项目。量产时间最早有望提前至2027年上半年。潜在驱动因素包括为年末IPO叙事提供支撑，以及AI智能体手机领域竞争加剧。 在 上周一的爆料中 ，他曾表示OpenAI与高通、联发科、立讯精密合作开发的手机预计将于2028年实现量产。 不过与上周“OpenAI与高通、联发科合作开发处理器”的说辞不同，郭明錤认为 联发科有可能成为该设备的独家处理器供应商，也就是基于台积电N2P制程（计划今年下半年投产）的定制版天玑9600芯片 。 顺便一提，高通的股价完全没有受到这条传闻影响，周二开盘后爆拉9%，有望冲击过去半年以来的收盘新高。 其他配置方面， 这款设备将采用双NPU架构，用于异构AI计算 。同时为了保障AI智能体的安全性，设备将采用“硬隔离保险箱”pKVM和内联哈希技术。此外，这款设备的影像信号处理器（ISP）也是核心亮点，注重于提升真实场景下的视觉感知能力。 存储规格方面，这款设备将采用LPDDR6内存与UFS 5.0存储。 郭明錤预期，若开发进度顺利， 这款设备在2027至2028年的合计出货量可能会达到近3000万部 。 最新的时间表也符合科技巨头追逐资本市场热点的特性。OpenAI首席执行官奥尔特曼近期一直在暗示公司正在开发手机项目。他上周曾公开表示，现在是“ 认真重新思考操作系统和用户界面设计 ”的合适时机。 非常凑巧的是，OpenAI目前正与前苹果设计主管乔纳森·埃维 （Jony Ive）合作开发一系列AI硬件。虽然埃维可能不太愿意再涉足手机领域，但他曾多次公开表示，希望通过下一波硬件设计来弥补他推动智能手机流行引发的社会危害。

Earnings Call Insights: MFA Financial (MFA) Q1 2026 Management View CEO Craig Knutson framed Q1 as “a tale of two market environments,” saying mortgages initially “performed particularly well,” but “the party ended abruptly with the onset of a war in Iran, which spiked volatility, pushed rates sharply higher and dramatically raised oil prices.” Knutson said spread widening “contributed to an economic return for MFA in the first quarter of negative 1.2%,” while emphasizing market access: “We priced 2 non-QM securitizations in March. And while spreads were modestly wider, the market function normally.” Knutson highlighted portfolio growth and capital actions: “We grew our investment portfolio to $12.5 billion in the first quarter adding almost $700 million of agencies, including TBAs, $471 million of non-QM loans and Lima One originated $219 million of business purpose loans.” He also reiterated the preferred-ATM/common repurchase strategy as “very accretive.” Quote (Senior VP & CFO Michael Roper) “At March 31, GAAP book value was $12.70 per share and economic book value was $13.22 per share, each down approximately 3.8% from the end of 2025.” Quote (President & Chief Investment Officer Bryan Wulfsohn) “During the quarter, we grew our non-QM book to $5.5 billion.” Outlook Management reiterated timing around dividend coverage: Quote (Senior VP & CFO Roper) “We remain focused on growing ROEs, and we continue to expect that our DE will begin to reconverge with the level of our common dividend later this year.” Roper introduced a new supplemental earnings presentation and tied it to near-term loss timing: “we are introducing an additional non-GAAP measure… to exclude realized credit losses on our residential whole loans held at fair value,” and “we expect realized credit losses on the legacy transitional loan portfolio to accelerate meaningfully in the second quarter, before beginning to normalize as we move through the back half of 2026 and into the first half of 2027.” ...

Earnings Call Insights: JBT Marel Corporation (JBTM) Q1 2026 Management View "We got off to a solid start in 2026" and delivered "a second consecutive quarter of orders exceeding $1 billion," with "continued robust global demand from our poultry customers," plus "meaningful year-over-year margin expansion" and "extremely strong" cash flow that supported "significant progress in reducing our financial leverage" (CEO Brian Deck). "It was an important milestone" at Investor Day where the company "unveiled our NextGen strategy and detailed our 2028 financial targets," and management said it is "very pleased with our progress integrating JBT and Marel" and "remain confident in delivering our original earnings guidance for the year" (CEO Deck). "Our food and beverage customers are shifting to an outcome-based model" that increases demand for "integrated solutions across the value chain" and "full life cycle support"; management said NextGen focuses on "advancing our customer-centric service model," "enhancing our product offering" and "digital capabilities," and "capturing commercial opportunities through cross-selling and growth in emerging markets" (President Arni Sigurdsson). "We expect our revenue to grow at a 3-year organic compound annual rate of 5% to 7%, and we are targeting an adjusted EBITDA margin of 20% in 2028" (President Sigurdsson). "Our first quarter consolidated revenue was $936 million" and "consolidated adjusted EBITDA of $142 million" with "adjusted EBITDA margin of 15.2%"; "free cash flow" was "$100 million" and leverage was "2.6x" while remaining "on track to reduce leverage to approximately 2x by year-end" (CFO Matthew Meister). Outlook "We are maintaining our full year 2026 guidance" and, "for the second quarter, we anticipate revenue of $975 million to $1 billion and adjusted EBITDA margin of 17% to 17.5%" (CFO Meister). On tariffs, management said it is "forecasting that the benefit from the elimination of IEEPA tariffs will be essentially offset...

Earnings Call Insights: Oil States International (OIS) Q1 2026 Management View "During the first quarter, the global energy backdrop shifted meaningfully due to escalating geopolitical tensions in the Middle East, leading to severe restrictions imposed on maritime vessels transiting through the Strait of Hormuz." (President, CEO & Director Lloyd Hajdik) "These events introduced near-term volatility in commodity markets, leading to elevated supply and logistics challenges and increased costs overall." "During the quarter, we generated revenues of $145 million and adjusted EBITDA of $17 million." (President, CEO & Director Hajdik) "The sequential decline was attributable to seasonal factors, timing of revenue recognition for our percentage of completion projects, certain Middle East-related delays, and continued softness in U.S. land markets." "Approximately 72% of our first quarter revenues and 74% of our revenues generated over the last 12 months were derived from offshore and international projects." (President, CEO & Director Hajdik) "This is an increase from 66% in the first quarter of 2025." "Our Offshore Manufactured Products segment continued to lead the performance of our company, with revenues of $91 million and adjusted segment EBITDA of $19 million, with adjusted segment EBITDA margins of approximately 20%." (President, CEO & Director Hajdik) "Backlog remains near a decade-high level, at $430 million, supported by bookings of $84 million, yielding a quarterly book-to-bill ratio of 0.9x." "We reported net income of $1 million, or $0.02 per share, which included facility exit charges, an impairment on assets held for sale, and valuation allowances established on deferred tax assets." (CFO, Executive VP & Treasurer Matthew Autenrieth) "Excluding these charges, our adjusted net income totaled $5 million, or $0.09 per share." "We retired the remaining $53 million principal amount of our convertible senior notes on April 1 with a combination of $25 million of ca...

Earnings Call Insights: ONE Gas (OGS) Q1 2026 Management View “We delivered strong results in the first quarter with adjusted EPS growing 6% year-over-year despite one of the warmest winters in the history of our service territory, 25% warmer than the first quarter last year,” said (CEO & Director Robert McAnnally), adding that performance reflected “disciplined execution of our long-term plan, advancing our regulatory strategy, driving operational efficiencies and supporting growing customer needs.” McAnnally highlighted Winter Storm Fern and storage strategy, saying, “Our 20% increase in storage capacity since Winter Storm Uri allowed us to shield customers from price volatility and save $98 million relative to purchasing gas at spot prices.” “We are affirming our financial guidance which includes adjusted net income of $306 million to $314 million and adjusted earnings per diluted share of $4.83 to $4.95,” said (Senior VP & CFO Christopher Sighinolfi), tying Q1 resilience to “new rates taking effect and the impact of Texas House Bill 4384.” “We completed $170 million worth of capital projects this quarter,” said (President & COO Curtis Dinan), and added the Western Farmers project “is on track to be in service in 2028” and includes “the construction of a 43-mile 24-inch pipeline in Southern Oklahoma.” Dinan said the company is pursuing additional load growth, noting, “We have 6 projects in late-stage discussion that in aggregate could support approximately 3 gigawatts of generation and up to 1 Bcf per day of demand across Kansas, Oklahoma and Texas,” and added, “We recently signed a transportation agreement…to supply 20 million cubic feet of natural gas per day to an Oklahoma data center.” Outlook “We’re glad to be with you to discuss our first quarter results and to affirm our guidance,” said (CEO McAnnally). “We are affirming our financial guidance which includes adjusted net income of $306 million to $314 million and adjusted earnings per diluted share of $4.8...

Meta is facing a class action lawsuit filed by five major book publishers and one author over claims the company "engaged in one of the most massive infringements of copyrighted materials in history" when training its Llama AI models, as reported earlier by The New York Times . In their suit , Macmillan, McGraw-Hill, Elsevier, Hachette, Cengage, and author Scott Turow allege that Meta "repeatedly copied" their books and journal articles without permission. The lawsuit accuses Meta of knowingly ripping copyrighted work from "notorious pirate sites," such as LibGen, Anna's Archive, Sci-Hub, Sci-Mag, and others, and then feeding that material in … Read the full story at The Verge.

Moby summary of Shopify Inc.'s Q1 2026 earnings call

Earnings Call Insights: KBR, Inc. (KBR) Q1 2026 Management view CEO Stuart Bradie said KBR “started the year well, demonstrating disciplined execution and resilient operations,” while “reaffirming our 2026 guidance and remain committed to execution, margin discipline and strong cash generation.” On Sustainable Tech Solutions (STS), Bradie highlighted continued booking strength: “For the third consecutive quarter, STS delivered book-to-bill ex LNG well above 1.0.” He also disclosed STS visibility metrics: STS “book-to-bill ex LNG was 1.2x,” backlog was “approximately $4.7 billion,” near-term pipeline “excluding LNG, is more than $5 billion,” and “work under contract today now covers approximately 67% of our 2026 revenue guidance.” On Mission Tech Solutions (MTS), Bradie said “awards are not flowing at historical levels,” and flagged NASA exposure: “the administrator has indicated an interest in in-sourcing certain core workforce competencies,” adding that if implemented “these changes would affect the mix of work across some programs.” On the separation, Bradie said KBR is working toward “an effective spin date of January 4, 2027,” with a public Form 10 filing “currently anticipate[d] in September,” and that “the MTS CEO search is in its final stages.” CFO Shad Evans reported margin and cash strength despite lower revenue: “Revenues declined $95 million year-over-year,” “adjusted EBITDA margin expanded to 13.1%,” “Adjusted EPS was $0.96,” and “Adjusted operating cash flow totaled $119 million.” Outlook Management reiterated full-year guidance without changing ranges: “Today, we are reaffirming our full year guidance and range across all metrics.” Evans described a mix-driven outlook split between segments: “In Mission Tech, we expect revenue to be flat to modestly down year-over-year,” while “in Sustainable Tech, we now expect to deliver mid-teens year-over-year revenue growth.” Evans said timing and policy factors are embedded in assumptions: unresolved protests “in...

Earnings Call Insights: Eve Holding, Inc. (EVEX) Q1 2026 Management View CEO Johann Christian Jean Bordais said Q1 was “especially significant,” highlighting the engineering prototype flight-test ramp: “Our prototype completed 59 flights and logged nearly 2.5 hours in the air,” with “130 different performance points” validated, a peak of “215 feet above the ground,” and forward flight “at 30 knots.” Bordais described test progress and aircraft performance: “We have better-than-expected results for motor thrust and battery performance with noise and vibration meeting our expectations,” and said the team “remain[s] on track for further envelope expansion and more complex flights.” Bordais laid out the transition path, stating, “we plan to accelerate the aircraft to a full transition speed above 85 knots,” and said the company is “concluding the critical design review with our suppliers… to start testing our conforming vehicle in 2027.” Bordais revised schedule expectations: “This suggests that certification and entering the service are more likely in 2028 as we will need to fly our conforming vehicles for 12 months to complete all necessary certification tests,” adding, “this greater visibility gives us more confidence in the new schedule and lowers its risk.” CFO Eduardo Couto emphasized liquidity and runway: “Eve ended first quarter 2026 with a record cash position of $441 million and total liquidity of $578 million,” and said, “This added liquidity should support operations through 2028 without new funding.” Outlook Management reiterated 2026 cash burn guidance while separating it from the new cost-reduction work: Eduardo Couto said, “Our 2026 expected cash burn remains at $225 million to $275 million, excluding the new potential synergies under implementation.” On cost actions, Couto said, “Our initial review indicates that we can achieve $100 million to $150 million in incremental synergies in the next 3 years,” and added, “We already started to implement these a...

专题：聚焦美股2026年第一季度财报 公司指引运营支出占营收比例介于 35%–36% 内容速览 受运营支出预计高于预期影响，尽管营收保持强劲增长，Shopify 第二季度盈利展望仍不及市场预期。 电商平台巨头 Shopify（SHOP）股价大跌 13.28%。公司营收虽保持高增速，但 运营支出高于预期 ，导致第二季度盈利指引低于市场预期。 该电商平台为商户提供线上销售、订单管理及支付处理服务。公司给出第二季度指引： 运营支出占营收比例 35%–36% ；毛利总额同比增速维持 25% 左右中段水平 。 这一业绩指引凸显出公司当前经营现状： 营收仍强势增长 ，但成本走高、以及营收结构向 低利润率商户服务业务 倾斜，持续拖累盈利水平。 首席财务官杰夫・霍夫迈斯特预计，利润率压力后续将逐步缓解；但受同比基数抬升影响，短期业绩增速将有所放缓。 分析师预计公司二季度营收达 34.2 亿美元 ，同比增幅接近 28%。 Shopify 正通过 内部加大人工智能应用、优化人员编制 控制成本，节省下来的资金将再投入到其他业务，尤其是营销领域。 霍夫迈斯特在财报电话会议上表示：“我们可以持续把各项成本占比往下压，但 营销投入金额仍会同比增加 。” 花旗分析师泰勒・拉德克指出，高于预期的支出，对二季度盈利形成明显压制。 他在研报中表示：“公司二季度营收同比增速指引为 25% 以上高位 ，略高于市场 25% 左右的一致预期；但成本小幅超预期，拖累二季度盈利展望弱于华尔街预期。” 消息公布后，Shopify 多伦多交易所股价下跌 9.1%，报收 157.67 加元，折合 115.72 美元。 一季度业绩概况 Shopify 一季度净亏损 5.81 亿美元 ，折合每股亏损 0.45 美元；去年同期净亏损 6.82 亿美元，每股亏损 0.53 美元，亏损幅度有所收窄。 剔除一次性项目后， 调整后每股收益 0.36 美元 ，高于分析师预期的 0.33 美元。 一季度营收从去年同期 23.6 亿美元增至 31.7 亿美元 ，超出市场预期的 31.2 亿美元。 营收由两大板块拉动： 订阅服务：增收 1.3 亿美元，营收达 7.5 亿美元 商户服务（营收占比更高）：从 17.4 亿美元增至 24.2 亿美元 平台核心指标 商品交易总额（GMV） 从去年同期 747.5 亿美元升至 1007.4 亿美元 。...

When Realty Income ( O ) announces its first-quarter earnings on Wednesday, Wall Street expects the real estate investment trust to post EPS of $0.42 on revenue of $1.39B for the quarter. Realty Income delivered modest Q4 results, while its 2026 earnings guidance aligned with the average analyst estimate. The net lease REIT expects full-year adjusted FFO per share at $4.38-$4.42 and same-store rent growth of ~1.0%-1.3% vs. 1.3% in 2025. Its investment volume guidance is $8.0B vs. $6.3B reported for 2025. Seeking Alpha’s Quant Rating and analysts are bullish, rating the stock as Buy. Seeking Alpha analyst IWA Research warned about macro risks from the Iran conflict and high-rate environment that may pressure O’s valuation and create near-term volatility. However, the analyst rated it a Buy, saying that the company's fundamentals remain resilient. The analyst also added that the REIT’s European expansion offers higher initial cash yields and lower borrowing costs, driving long-term growth potential and a competitive advantage versus peers. Additionally, the company has a robust balance sheet, a diversified portfolio, and a well-covered 5% monthly dividend yield. The REIT’s shares have gained over 12.8% year-to-date, outperforming the benchmark S&P 500, which has risen nearly 6% over the same period. However, Seeking Alpha analyst Bela Lakos downgraded O to Hold from Buy due to macroeconomic uncertainty and a higher share price. Lakos argued that O maintains a strong, diversified tenant base and stable 98% occupancy, but consumer confidence and energy prices pose indirect risks. “Triple net leases insulate O from inflation, but $30B in debt with near-term maturities increases refinancing risk, as the interest rate environment remains uncertain,” Lakos highlighted, adding that O’s 5% dividend yield remains attractive, though dividend growth has slowed to 2.2% TTM versus a 4.2% long-term CAGR. Wall Street analysts are cautious, rating Realty Income a Hold . Over the last...