Key Points This artificial intelligence leader is showing strong growth across multiple business segments thanks to AI. It announced a big step up in spending coming in the back half of 2026, scaring off some investors. That provides a great opportunity for long-term thinkers right now. 10 stocks we like better than Microsoft › The current bull market has been dominated by just a handful of megacap tech stocks. These massive tech companies have been the driving force behind the most significant advancements in artificial intelligence (AI) in recent history, providing key infrastructure for developers, developing large language models, and using AI to drive significant revenue growth for key products and business segments. While many of the largest companies have seen their stock prices continue to climb in 2026, a few haven't kept up with the rest of the market. That's creating buying opportunities for some, and analysts see one of 2026's laggards climbing more than 30% over the next year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » With a median analyst price target of $550, Wall Street sees the most upside for Microsoft(NASDAQ: MSFT) over the next 12 months among megacap stocks. Microsoft is an undervalued AI leader Microsoft's early and ongoing investments in AI have more than paid off for the business. It was an early investor in OpenAI, positioning its Azure cloud computing business as the top choice among AI developers looking to gain access to the leading AI lab's models. While it no longer has an exclusive relationship with OpenAI, it still holds a 27% stake in the company, providing significant exposure to the leading AI lab. What's more, the momentum at Azure remains intact, and it's investing heavily to maintain it. Azure revenue climbed 40% in Microsoft's most recent quarter, drive...

财联社5月20日讯（编辑 夏军雄） 伊朗战争扰乱了全球能源体系，尽管特朗普政府采取紧急措施试图限制影响，但美国汽油价格仍持续攀升。 这意味着，今年阵亡将士纪念日（Memorial Day）周末，数以千万计驾车出行的美国人将面临历史性高油价。 阵亡将士纪念日通常被视为美国夏季驾车出行季的非正式开端，而此次油价飙升，也进一步加剧了民众对生活成本上涨的不满，这种情绪正持续削弱选民对美国总统特朗普经济政策的信心。 众包油价平台GasBuddy预计，今年阵亡将士纪念日全美汽油均价约为每加仑4.48美元，较去年同期高出42%，并将创下历史第二高纪录。 此前唯一更贵的一次是在2022年，当时俄乌冲突爆发后，阵亡将士纪念日汽油均价达到每加仑4.61美元。 或迎“史上最贵”夏季驾车出行季 糟糕的是，油价可能还没涨完。 GasBuddy石油分析主管Patrick De Haan表示， 如果霍尔木兹海峡持续关闭，美国普通汽油全国均价下个月某个时候可能升至每加仑5美元 。 GasBuddy预计，今年整个夏季（从阵亡将士纪念日到美国劳工节）的全国汽油均价将达到每加仑4.80美元，超过2022年拜登执政时期创下的每加仑4.43美元的夏季纪录。 De Haan表示：“去年夏天油价极其稳定，而今年夏天可能完全相反，也许会成为波动性最大的一次。” 他补充称，夏季油价走势很大程度上取决于霍尔木兹海峡局势。 尽管油价高企，美国汽车协会（AAA）预计，今年阵亡将士纪念日周末仍将有创纪录的3910万人驾车出行，与去年的3900万人基本持平。 消费者损失高达240亿美元 据估算，自伊朗战争爆发以来，美国消费者能源支出已额外增加约430亿美元。这一估算基于当前汽油和柴油价格与若无战争情况下价格的对比。 其中，仅汽油一项就让消费者多支出约240亿美元，相当于每个家庭额外承担近200美元成本。 选民对特朗普处理油价问题的方式越来越不满，而油价原本曾是特朗普的重要政治优势之一。 上周公布的一项民调显示，仅21%的美国人认可特朗普在油价问题上的表现，甚至多数共和党选民也对此表示不满。 今年11月将迎来美国中期选举，届时三分之一的参议院席位以及全部众议院席位将面临改选。共和党目前凭借微弱优势掌控国会两院，若其在选举中失利，将使特朗普剩余任期难以推进政策。 特朗普周二在谈到油价时不以为意，他表示：“这根本不算什么。我感谢大...

Wetour Robotics Limited As Qualcomm CEO Cristiano Amon describes a shift from smartphone-centric computing toward agent-centric experiences across devices, two Orchestra demonstrations show Conductor sEMG wristband enabling local, touchless control across smart devices, computer screens and AR interfaces — with no cloud dependency. Austin, TX, May 20, 2026 (GLOBE NEWSWIRE) -- Wetour Robotics Limited (NASDAQ: WETO), a Physical AI infrastructure and wearable robotics company headquartered in Austin, Texas, today summarized two working demonstrations of Spatial Intent Fusion on its Orchestra Physical AI platform. Together, the demonstrations show a single Conductor sEMG wristband — running through one portable Orchestra edge AI hub — controlling smart home IoT devices, personal computer screens and AR glasses through wrist-worn gestures and pointing direction. Two Demonstrations, One Wearable, Multiple Devices In the first demonstration, a user wearing the Conductor wristband points toward a smart lamp, then a speaker. Orchestra identifies each target device in sequence. Wrist gestures turn the lamp on, change its color, start audio playback and switch tracks — without camera-based input. In the second demonstration, the same Conductor wristband, paired with AR glasses, controls a laptop and AR interface. The user scrolls a webpage, click the video and move into AR space and manipulates it with hands gestures. No touch. No voice. No keyboard. Across both demonstrations, every command is processed locally on a single Orchestra edge AI hub. No cloud connection is required for core command processing. Demonstration videos are available at www.wetourrobotics.com and on the Company’s LinkedIn and X channels under Wetour Robotics and @WETO_IR_TEAM. The Interface Layer for the AI Agent Era In a May 2026 Fortune interview, Qualcomm CEO Cristiano Amon described a shift from a smartphone-centric digital world toward an agent-centric experience across phones, PCs and other device...

The current bull market has been dominated by just a handful of megacap tech stocks. These massive tech companies have been the driving force behind the most significant advancements in artificial intelligence (AI) in recent history, providing key infrastructure for developers, developing large language models, and using AI to drive significant revenue growth for key products and business segments. While many of the largest companies have seen their stock prices continue to climb in 2026, a few haven't kept up with the rest of the market. That's creating buying opportunities for some, and analysts see one of 2026's laggards climbing more than 30% over the next year. With a median analyst price target of $550, Wall Street sees the most upside for Microsoft (MSFT 1.45%) over the next 12 months among megacap stocks. Microsoft is an undervalued AI leader Microsoft's early and ongoing investments in AI have more than paid off for the business. It was an early investor in OpenAI, positioning its Azure cloud computing business as the top choice among AI developers looking to gain access to the leading AI lab's models. While it no longer has an exclusive relationship with OpenAI, it still holds a 27% stake in the company, providing significant exposure to the leading AI lab. What's more, the momentum at Azure remains intact, and it's investing heavily to maintain it. Azure revenue climbed 40% in Microsoft's most recent quarter, driven by both AI and non-AI services. However, capital expenditures climbed 46% year over year, and management guided for a significant step up in spending through the rest of the year. Its calendar 2026 capex budget now sits at $190 billion. That massive spending has put pressure on the stock price. But Microsoft has consistently shown strong returns on its invested capital that should provide confidence in the spending plans. Plus, Microsoft faces the challenging task of determining the proper allocation of its resources for its own AI training an...

franckreporter/iStock via Getty Images Credo: Momentum failure sparks new concerns Is the moment of reckoning arriving for companies that have been plugged in deeply into the semiconductor value chain? We were given a wake-up call just this week as Seagate Technology CEO's ( STX ) commentary at a JP Morgan conference triggered an intense sell-off, which also marked its “worst one-day drop in nearly two months.” Seagate stock decline on supply chain fears (Bloomberg) For those of you who have been following this hiccup, you will probably understand that the market is now getting increasingly concerned whether the elongated supply chain could delay the capacity needed to realize that revenue potential linked to the unprecedented AI capital outlays. And the Seagate CEO mentioned building these factories might take longer than expected and may even cause us to go into an oversupply situation, given the timing mismatch. Hence, I think it has once again brought back mounting worries about whether the current supply chain could keep up with the demand factor. I don't think we need another reminder why realizing that potential is crucial, given how quickly the market has priced in the semiconductor value chain stocks. Recall those vertical surges that we saw in the stocks across networking, memory, storage, and even recently the CPU vendors. They have all benefited from this mad rush to partake in the AI agentic revolution. For Credo ( CRDO ), the timing couldn't have come worse. After a momentous April, which saw the stock nearly break its all-time highs at the $200 level, selling pressure has intensified lately. In fact, since the momentum has abruptly halted at the $210 zone, CRDO has not managed to mount another attempt to break out from the critical resistance level. Although I kept my buy rating back in March as CRDO delivered a stupendous fiscal Q3 earnings scorecard, I also observed that it had gone up far too fast within a few weeks, which likely triggered this ris...

coffeekai/iStock via Getty Images By Carsten Brzeski and Franziska Biehl The war in the Middle East has been going on for almost three months, and disruptions to oil flows through the Strait of Hormuz have pushed prices sharply higher. While oil traded at around USD 70 per barrel at the end of February, prices have averaged roughly USD 110 since early March. The oil price shock has quickly filtered through to households. Filling up has become noticeably more expensive across the eurozone, albeit to very different degrees. Compared with the week before the joint US-Israeli strike on Iran, the price of a 50-litre tank of unleaded petrol has risen by an average of between €5.00 in Spain and €13.50 in Germany. For diesel, the average increase has been even steeper, ranging from €15.65 in Italy to €23.00 in the Netherlands. The biggest differences across eurozone countries were seen in late March and early April, coinciding with the spike in oil prices. Some of these gaps have since narrowed, partly due to temporary fiscal measures in several eurozone countries. A slow burn for household budgets If fuel prices were to remain at current levels for the rest of the year, annual fuel expenses would rise by roughly €70 in Italy and up to €280 for petrol in the Netherlands compared to last year. For diesel, the additional burden would range from €190 to €430. And for those still remembering the 2022 energy price shock: annual fuel expenses (in nominal terms) in the eurozone would be between 2% (Austria) and 15% (the Netherlands) higher than in 2022. While this increase in fuel prices alone could undermine private consumption, it will do so more unevenly than many might think. Across the eurozone, the share of disposable income spent on fuel differs markedly. Last year, households in Italy spent around 4.0% of their disposable income on fuel, compared with 6.2% in Portugal. Interestingly, this gap does not reflect cheaper fuel in Italy. On the contrary, with higher taxes, fuel ...

Key Points This artificial intelligence leader is showing strong growth across multiple business segments thanks to AI. It announced a big step up in spending coming in the back half of 2026, scaring off some investors. That provides a great opportunity for long-term thinkers right now. 10 stocks we like better than Microsoft › The current bull market has been dominated by just a handful of megacap tech stocks. These massive tech companies have been the driving force behind the most significant advancements in artificial intelligence (AI) in recent history, providing key infrastructure for developers, developing large language models, and using AI to drive significant revenue growth for key products and business segments. While many of the largest companies have seen their stock prices continue to climb in 2026, a few haven't kept up with the rest of the market. That's creating buying opportunities for some, and analysts see one of 2026's laggards climbing more than 30% over the next year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » With a median analyst price target of $550, Wall Street sees the most upside for Microsoft (NASDAQ: MSFT) over the next 12 months among megacap stocks. Microsoft is an undervalued AI leader Microsoft's early and ongoing investments in AI have more than paid off for the business. It was an early investor in OpenAI, positioning its Azure cloud computing business as the top choice among AI developers looking to gain access to the leading AI lab's models. While it no longer has an exclusive relationship with OpenAI, it still holds a 27% stake in the company, providing significant exposure to the leading AI lab. What's more, the momentum at Azure remains intact, and it's investing heavily to maintain it. Azure revenue climbed 40% in Microsoft's most recent quarter, driv...

Key Points Oklo may not begin commercial activities until 2028. Profitability is likely to come much later. At around $10 billion, its valuation remains fairly high. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) is a company that has tremendous long-term growth potential, as its small fission power plants can be a key part of the energy solution. At a time when investments in artificial intelligence (AI) are creating a need for more energy and data centers, many retail investors see Oklo's powerhouses as being integral to AI's long-term growth. And while the stock can be seen as an intriguing long-term investment with significant upside, there's still significant uncertainty ahead. Before you even consider buying Oklo stock, you need to ask yourself: Can you handle seeing significant losses from the company for several years? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Commercialization may not happen until 2028, and profitability likely much later than that While Oklo has a design in place for its Aurora powerhouse, the company doesn't expect to begin commercial operations until 2028. And while it'll try to generate some revenue before then, it'll likely be fairly minimal at best. Even once it has its first powerhouse up and running, it may take even longer than that for the business to turn a profit. This is a capital-intensive operation as building these power plants will take a considerable amount of time and money, especially to scale them. The company's operating expenses have been north of $50 million in each of the past two quarters, and that's only going to increase as it begins operations and starts expanding. This means that, while the company may generate revenue by 2028, it'll take far longer than that to turn a profit and generate positive free cash flow. That means you'...

The artificial intelligence infrastructure buildout is entering its consolidation phase. In a decisive move that reshapes the competitive landscape, private equity giant Blackstone NYSE: BX and hyperscaler Alphabet NASDAQ: GOOGL announced a $5 billion joint venture to create a new AI cloud platform. This alliance directly targets the operational moats of high-flying, pure-play infrastructure providers, signaling a fundamental market rotation toward mega-cap players with unmatched access to capital. For investors, this catalyst clarifies the board. The era of speculative premiums for companies with GPU capacity appears to be closing, replaced by a new reality in which balance sheet strength and cost of capital are paramount. This shift creates a compelling opportunity for a classic pairs trade, favoring the unlevered scale of institutional giants over the debt-fueled growth of their mid-tier rivals. Get Alphabet alerts: Sign Up Forging a Debt-Free Weapon With Capital and Silicon The partnership between Blackstone and Google is more than just another data center deal; it's a vertically integrated assault on the AI compute market. Blackstone is making an initial $5 billion equity commitment to bring 500 megawatts of capacity online by 2027, with plans to scale significantly. The new, U.S.-based entity will offer Google's proprietary Tensor Processing Units (TPUs) as a compute-as-a-service offering. The deal structure presents two immediate and formidable advantages. First, by using pure equity, the venture completely bypasses the increasingly expensive debt markets that competitors rely on for expansion, creating a superior unit economics model from its inception. Second, it fuses Blackstone's global expertise in real estate, energy, and digital infrastructure with Google's decade-plus of experience developing and deploying its custom-built AI accelerators. TPUs already power Google's entire suite of AI products, including Gemini, giving the new platform a foundation o...

Hong Kong accounted for the largest share of losses uncovered in a cross-border scam crackdown spanning 10 jurisdictions, making up more than 40 per cent of the US$752 million total. The single largest loss involved a Singaporean firm whose funds were transferred to multiple bank accounts in the city and Hong Kong. Hong Kong police said on Wednesday that it worked with law enforcement agencies in Brunei, Canada, Indonesia, Macau, Malaysia, the Maldives, Singapore, South Korea and Thailand between March 10 and May 7. Advertisement The operation targeted fraud and money-laundering cases and involved 3,200 officers. In total, 3,018 people were arrested in connection with 138,000 cases, including online shopping scams, employment fraud, investment scams, and telephone deception, with total losses amounting to US$752 million. Officers from the Frontier+ initiative at a press briefing in the Maldives. Photo: ISD In Hong Kong, police arrested 870 individuals aged between 13 and 83 for their roles in various scams and intercepted about HK$539 million in criminal proceeds.

格隆汇5月20日丨伊朗外长阿拉格齐：正如武装力量在防御战场上展现力量一样，外交机构也将在对话与谈判的战场上，以同样的力量为捍卫国家利益而行动。

格隆汇5月20日丨芯片制造设备巨头阿斯麦CEO表示，在可预见的未来，蓬勃发展的全球半导体市场将面临“紧张”局面，供应将持续趋紧，因为来自人工智能、卫星和机器人领域的需求已超过了行业的生产能力。他表示，芯片市场的供应链中可能会出现一些间歇性的瓶颈，预计到2030年，其市场规模可能达到1.5万亿美元。阿斯麦CEO称：“对人工智能的需求如此强劲，以至于我们将在相当长一段时间内面临供应短缺的局面。”他提到像埃隆·马斯克提出的庞大“TeraFab”人工智能计划以及星链卫星这样的项目，可能会推动新一轮的需求增长。他还称，阿斯麦正在努力提高产量并提升其设备的生产效率，以跟上形势的发展，同时新的技术也在不断涌现。但他也提醒说，这种增长的规模难以预测，可能会超出行业规划的范围。

Technical analysis has a dubious reputation, and it's easy to understand why. Many analysts mindlessly look for patterns on charts without understanding the trading dynamics and price action that makes the pattern form. The names of the patterns aren't important. Understanding why the patterns form is. Yesterday, Tesla opened at $403.16. During the day, it traded down to $393.63. Then there was a reversal, and the shares closed higher than they opened. The reversal action appears on the chart as a hammer. The pattern is a graphical illustration of a powerful intraday reversal. There is a chance the move higher continues. It isn't a surprise that the shares found support around the $402 level. As you can see on the chart below, this level was a resistance in April. Tesla Chart Stocks that sell off can find support at prices that had previously been resistance. This common action results from remorseful or aggressive sellers. Many of the people who sold around $402 thought they made a good move when the price dropped after they did. But when the resistance broke, and the price moved higher, a number of them decided selling was a mistake. They also decided that if they could eventually do so, they would repurchase their shares at the same price they were sold for. So, when the price dropped back to this level yesterday, they placed buy orders. There were so many of these orders that it resulted in support forming at the level. The best traders don't mindlessly try to identify patterns. They try to understand the price action that makes the markets move. This is why they are able to profit. Image: Shutterstock

The Czech Republic is expanding the sale of state retail bonds as the public’s appetite for the debt exceeded the equivalent of $1 billion in less than a week since the launch of the program. The government took orders for 22.4 billion koruna ($1.1 billion) of the bonds as of Wednesday, more than the initial planned volume, according to Finance Minister Alena Schillerova . The strongest demand was for the fixed five-year note, which was “particularly good news” for the state, she said, adding that orders could be placed until further notice. “I decided on a significant increase in the sale size from the original 20 billion koruna,” Schillerova said in a post on X. The state is appealing to the conservative nature of Czech savers with a plan to tap into 1.3 trillion koruna of deposits lying on current accounts that earn little or no interest. Retail bonds are popular among the public because the country has one of the lowest debts in the European Union and a functioning economy, Schillerova said last week. The three types of the new retail issue include five-year notes carrying a coupon that’s gradually rising over the years to amount to an effective 4.5% if people hold the bond until maturity. The other two notes are a floating-rate paper with interest linked to inflation and a short-term security paying the equivalent of the Prague-based central bank’s benchmark interest rate. Read more: Czechs Sell Most Debt in Biggest Auction Day Since Iran War The last sale of retail bonds, launched during Schillerova’s previous term in office in 2018, raised about 80 billion koruna for the state. Those owners benefited mainly from the inflation-linked note when consumer price growth peaked at 18% four years ago. Households currently hold about 60 billion koruna worth of state bonds, representing 1.6% of the entire debt, Schillerova said last week. The minister said then that raising this portion to the 3% level would be a “very nice” result.

Micron Technology Inc. stocks have been trading up by 4.82 percent amid optimism over strengthening AI memory demand. Live Update At 09:18:10 EDT: On Wednesday, May 20, 2026 Micron Technology Inc. stock [NASDAQ: MU] is trending up by 4.82%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. Quick Financial Overview Micron Technology, ticker MU, is trading like a classic high‑beta AI leader. The daily chart shows MU ripping from about $542 on 2026/05/01 to near $699 on 2026/05/19, with several huge range days above $750 before a sharp shakeout. That kind of volatility screams momentum name, not sleepy value play. Under the hood, MU’s fundamentals look loaded for a big cycle. Revenue over the last year sits around $37.38B, with gross margin near 46.7% and EBIT margin at 39%. Those are not “bottom of the cycle” numbers; that is what strong pricing looks like. A P/E around 34.2 and price‑to‑sales near 14 tell traders the market is already paying up for that AI memory story. Financial strength backs the move. MU’s current ratio is 2.9, total debt‑to‑equity just 0.15, and interest coverage about 105 times. Return on equity above 39% and very high recent ROIC figures confirm this is not just revenue growth; Micron is converting demand into serious profits and cash flow. For active traders, MU is a high‑quality balance sheet riding a hot narrative, which often keeps dip buyers interested during pullbacks. Why Traders Are Watching MU’s AI Memory Story For short‑term and swing traders, MU has become one of the cleanest ways to play the AI hardware bottleneck. Practically every major Wall Street shop is racing to reprice Micron Technology higher, and that steady drumbeat often fuels big moves on headlines. CFRA’s decision on 2026/05/15 to reiterate a Buy on MU and lift its 12‑month target from $500 to $900 is a key trigger. The firm did not just bump the target; it materially raised FY26‑27 earnings and free cash flow ...

RoboStrategy ( BOT ) announced on Wednesday Andrew Kang as chief executive officer. The company said that Kang co-founded the fund with the mission to give public market investors exposure to the most promising private, pre-IPO, and public robotics companies. Kang is also the founding partner of Mechanism Capital, his family office, which is focused on investing in frontier technologies. Throughout his investment career, Kang has led early-stage investments across artificial intelligence, crypto, and robotics, including investments in humanoid robotics companies. “Robotics and physical AI are not just emerging technologies - they are the foundation of the next industrial revolution,” said Andrew Kang , Chief Executive Officer of RoboStrategy. “RoboStrategy was built to connect public markets with frontier companies, to provide broader investment participation in technologies that will redefine any industry that involves physical labor.” RoboStrategy listed on the Nasdaq on Monday, May 11, 2026, and recently entered into a committed equity facility of up to $2B from Roth Principal Investments, an affiliate of Roth Capital Partners, which will further enable Kang and his leadership team to make new investments in category-defining robotics and physical artificial intelligence companies and drive shareholder value. More on Robostrategy, Inc. RoboStrategy secures up to $2B equity facility from Roth affiliate RoboStrategy begins trading on Nasdaq under ticker BOT Financial information for Robostrategy, Inc.

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:00 03:00 Jeff Bezos: I don't want to reduce taxes for the working class, I want to eliminate it Squawk Box Amazon executive chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners. The top 1% of taxpayers pay 40% of all the tax revenue, and the bottom half pay 3%, Bezos told CNBC's Andrew Ross Sorkin. "I don't think it should be 3%," Bezos said. "I think it should be zero." Bezos' comments come as a number of Democratic states explore higher taxes on the wealthy . The average income tax rate in 2023 was 14.1%, according to a Tax Foundation analysis of the latest IRS data. The top 1% of taxpayers paid a 26.3% average rate, seven times higher than the 3.7% average rate paid by the bottom half of taxpayers. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

SmartStop Self Storage REIT, Inc. press release ( SMA ): Q1 GAAP EPS of -$0.45 misses by $0.55 . Revenue of $7.8M (+6.1% Y/Y). More on SmartStop Self Storage REIT, Inc. SmartStop Self Storage REIT, Inc. (SMA) Q1 2026 Earnings Call Transcript SmartStop Self Storage: Upgrading On North America Portfolio Growth SmartStop narrows 2026 same-store revenue guide to (-0.25%) to 1.75% while projecting $1.94 to $2.04 in FFO as adjusted per share Seeking Alpha’s Quant Rating on SmartStop Self Storage REIT, Inc. Historical earnings data for SmartStop Self Storage REIT, Inc.

Anthropic may soon become one of the most valuable private companies in history. The Financial Times recently reported that the company could seek a valuation approaching $1 trillion in an upcoming funding round, despite a revenue run rate that was barely above $1 billion at the start of 2025. For a traditional software company, the valuation would look absurd. Software revenue is typically constrained by employee counts and enterprise IT budgets, after all. However, Anthropic’s investors are betting this is not a traditional software company, and they may well be right. The real opportunity is much larger than the roughly $1 trillion global software market. AI models are increasingly performing tasks previously handled by lawyers, analysts, engineers, consultants, and support staff. Anthropic is competing for a share of the multi-trillion-dollar global knowledge labor market, and recent enterprise adoption trends suggest it is emerging as one of the dominant players. Similar valuation debates are emerging across frontier technology leaders. What’s Better: SpaceX At $2T Or Google At $5T? The Revenue Trajectory Anthropic’s annualized revenue run-rate was roughly $1 billion at the start of 2025. By early 2026 it had reached $14 billion. As of May 2026, estimates place it at near $45 billion. If the company exits the year at that run-rate, reaching $100 billion in 2027 may not be out of reach. The mechanics behind the numbers are worth understanding. Traditional software is sold by the seat, making revenue largely tied to employee counts. Anthropic’s primary revenue unit is the token – the volume of data its models process. Its flagship product Claude Code, which helps engineering teams write, debug, and manage code autonomously, does not operate on a human schedule. It runs continuously. A single deployment can scale an organization’s consumption by several multiples in a month, with no change in headcount. In SaaS, revenue scales with employees. In AI, revenue scales...

AMD confirms Ryzen AI MAX 400 "Gorgon Halo" will support up to 192GB memory and 160GB VRAM VideoCardz.com

国防部新闻发言人蒋斌就台湾地区领导人“5·20”讲话答记者问。记者：据报道，赖清德5月20日发表讲话，声称维持台海和平稳定是台湾的“战略目标”，鼓噪强化不对称战力，提升“全民防卫韧性”。请问对此有何评论？蒋斌：面对祖国必然统一的大势和国际格局深刻调整的现实，赖清德依旧沉迷于“倚外谋独”的幻觉，打着所谓“和平”的幌子，大肆兜售“台独”谬论，煽动“以武谋独拒统”，妄图改变台湾属于中国这一根本现状，将谋“独”野心置于台湾民众福祉之上，完全是自欺欺人、打错算盘。赖清德当局罔顾民族大义和台湾主流民意，勾连外部势力谋“独”挑衅，是导致台海局势紧张动荡的根源所在。其固守不可能实现的“台独”执念，变本加厉拿老百姓的血汗钱媚外输诚，强行把台湾民众绑上“台独”战车，一步步把台湾推向兵凶战危的险境。正告民进党当局，砸再多的钱，买再多的武器，都是螳臂当车、以卵击石，“以武谋独”死路一条，祖国统一才是光明大道。国土不可分、民族不可散，“台独”与台海和平水火不容。解放军始终保持高度戒备，坚决挫败任何“台独”妄动，坚决捍卫国家主权和领土完整。（央视新闻）

格隆汇5月20日丨美敦力计划以约6.5亿美元现金预付收购SPR Therapeutics公司，扩大慢性疼痛患者的治疗选择。

Constantinis/E+ via Getty Images Hyster-Yale, Inc. ( HY ) reported Q1'26 results on May 5th and I think the results reinforced that the company is caught in a difficult part of the industrial cycle. It's currently facing weak customer demand, tariff pressure, and an unfavorable product mix that's weighing heavily on profitability. While management pointed to improving bookings as a possible sign that conditions are beginning to stabilize, I think visibility into the pace of any recovery remains limited. I think the question is whether Hyster-Yale can deliver the second-half improvement needed to justify its current valuation of 11.9x forward EBITDA, especially as balance sheet leverage continues to increase execution risk. A Look at Q1'26 Results When looking at the latest results of Hyster-Yale, the company posted revenues of $795 million that fell 13% year over year and came in below estimates by $83 million . The EBITDA loss of $13 million compares to positive $35 million in Q1'25, a $48 million swing in a single year. Most of this was driven by weak demand tied to industrial production, warehousing capital investment, and inventory restocking cycles. Coming out of the post-pandemic surge in warehouse and logistics investment, global forklift orders have been in a prolonged down-cycle since mid-2023, creating the trough conditions Hyster-Yale is navigating today. Seeking Alpha What makes this cycle particularly difficult for Hyster-Yale is the mix shift. Customers who are still ordering are disproportionately selecting lighter-duty, lower-priced configurations as opposed to the higher-margin counterbalanced trucks that have historically anchored profitability. The shift to lighter-duty trucks has been one of the primary drivers of the EBITDA decline alongside the tariff costs. The one positive data point in Q1 was bookings. Unit bookings by value came in at $580 million, down 2% compared to last year but up 7% sequentially from Q4'25. Backlog ended at $1.41 billi...

格隆汇5月20日丨据CCTV国际时讯，伊朗最高领袖穆杰塔巴·哈梅内伊今天在前总统莱希等人坠机遇难两周年之际发表声明表示，伊朗人民的“壮举”使政府官员肩负起比以往更重的责任。伊朗官员应进一步增强服务动力，以更加勤勉的态度开展工作，尤其要着力解决经济和民生领域面临的问题及民众关切。政府官员应加强深入基层和一线的工作方式，为民众在推动国家发展和迈向光明未来的进程中发挥更加积极的作用创造条件。

Arthur J. Gallagher & Co. ( AJG ) on Wednesday said its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, has acquired King of Prussia, Pennsylvania -based McKee Risk Management. Terms of the transaction were not disclosed. McKee Risk Management is a program administrator providing underwriting, policy administration, claims coordination, and risk management services with program focuses of construction, public entity, and property. More on Arthur J.Gallagher Arthur J. Gallagher & Co. (AJG) Q1 2026 Earnings Call Transcript Don't Overlook Arthur J. Gallagher & Co. When Investing Arthur J. Gallagher & Co. (AJG) Discusses Strategy, Organic Growth Outlook, and AI Initiatives in Investor Meeting Transcript Four insurance brokers upgraded to Buy at Citi Arthur J. Gallagher forecasts 6% full-year 2026 organic growth as AssuredPartners synergy target rises to $300M by early 2028

《科创板日报》5月20日讯（记者 陈俊清 实习记者 戴嘉怡） 科创板“十五五”主题集体业绩说明会之人工智能行业专场今日（5月20日）举行。 此次参会公司包括天准科技、博汇科技、星环科技、当虹科技、宝兰德、龙软科技、兴图新科、金山办公、虹软科技等31家沪市公司。 整体来看，AI行业经营拐点逐步显现。多家参会企业表示，2026年被视为AI智能体规模化落地元年，AI安全、具身智能、端侧工业视觉成为企业布局重点，商业模式正加速从一次性软硬件交付向订阅运营转型。 AI产业从“单点试点”走向“全域渗透” 2025年以来，AI行业整体经营质量持续提升，多家企业交出亮眼成绩单。奇安信2026年一季度多项指标创上市以来Q1单季度最佳水平；鸿泉技术2025年实现扣非净利润4591.39万元，实现扭亏为盈；云从科技一季度亏损幅度收窄、经营性现金流改善，其2025年人工智能解决方案实现营收4.15亿元，占总营收的 82.95%。 与会企业普遍认为， AI产业正从“单点试点”走向“全域渗透”，多家公司取得AI商业化进展。 其中，当虹科技以BlackEye 2.0多模态大模型为核心，打通大模型与机器人本体、多传感器、运动控制模块的全链路融合，打造面向具身智能场景的全栈多模态解决方案。其董事、董事会秘书、副总经理谭亚表示，公司已完成相关产品的智能化升级与商业化落地，今年将重点拓展具身智能机器人的相关业务。 金山办公董事长邹涛表示，公司在软件层面的私有化部署方案已具备成熟的交付能力，可支持客户在自有算力环境中完整运行WPS AI相关功能。目前已在政务、金融、高端制造等重点行业积累了一定数量的标杆客户。 端侧AI正推动工业视觉从传统“传图回传”模式向本地“感知-决策”闭环演进，在工业质检、产线引导等场景中可降低延迟并简化系统架构，并已获得实际落地应用。奥比中光科技集团股份有限公司董事长、总经理黄源浩表示，公司推出的Femto MegaI等工业级视觉传感器，广泛适用于仓储物流、生产产线上下料及工业检测等场景。 行业整体向好的同时，参会企业也普遍提到了当前面临的共性挑战。其中， 供应链波动尤其是电子物料价格上涨，成为影响企业短期盈利能力的主要因素。 鸿泉技术2026年一季度实现营业收入1.79亿元，同比增长7.51%；但其归母净利润为-766.95万元。该公司董事长何军强表示， 亏损主要原因系受存储芯片...

A sell-off in global bond yields is putting equities under pressure again, with yields of 10-year bonds of Japan, Germany, the U.K. and the U.S. all at levels not seen in years. The 30-year U.S. Treasury yield has hit its highest level in nearly 19 years. Here are three investment strategies we heard in CNBC's Singapore, Abu Dhabi and London studios on Wednesday to help navigate the noise. 'Be greedy when everyone's being fearful' Bryn Jones, head of fixed income at Rathbones, said the recent bond sell-off has provided a "huge amount of value to investors". Jones added that the traditional 60-40 equities/bonds approach to portfolios was no longer a reliable hedge because, when bonds have sold off in previous years, equities have also softened. He warned of complacency in risk markets, saying that "concerns start to rock through risk markets" when yields and the cost of financing rise too much. "If you think going back over the last 30 years, if this is the highest yield that you've ever had, then ... be greedy when everyone's being fearful and be fearful when everyone's being greedy," he said, quoting Warren Buffett. The 30-year Japanese bond Gareth Nicholson, CIO of FAB Asset Management, said he was considering investing in 30-year Japanese bonds, adding their current level "is something we'll consider fading into." He added he was also eyeing the shorter end of the U.S. yield curve. "We want to remain flexible. We like the three-to-seven-year duration part. We think that's exciting, and don't forget that this is the first time in a very long time that bonds are actually starting to offer us decent value compared to equities," he said. Chinese deeptech Winnie Wu, head of APAC equity strategy at BofA Global Research, said that, despite outflows from China into South Korea and Taiwan, the country is better positioned from a flow perspective. Wu added that Chinese semiconductor and hardware-related stocks were diverging from consumer, internet and software-related sto...

Sundry Photography/iStock Editorial via Getty Images MRVL Doubled, But I Still Like It Honestly, when I previewed Marvell Technology's ( MRVL ) Q3 2026 earnings report back in November 2025 , I didn't expect that the stock would be trading this high in just a few months. My valuation analysis back then was based on quite a conservative FY2027 EPS consensus estimate plus a slight 5-10% premium on top of it, but it turned out that the consensus estimate itself was set too low initially, so when the sell-side analysts repriced it, and the narrative changed for the better, MRVL doubled. Seeking Alpha, Oakoff's article on MRVL stock The main momentum has taken place since late March 2026, when Nvidia ( NVDA ) took a $2 billion stake in MRVL , thus letting the market realize the importance of their XPUs and scale-up networking capabilities. So, the positive revisions for the forward earnings consensus were fully justified, in my understanding, as MRVL is very likely to increase supplies to NVDA and play one of the key roles in the firm's NVLink Fusion architecture. Marvell is set to report its fiscal Q1 2027 earnings results next week (May 27th), and the market has already priced in a lot of potential business growth acceleration, so I'd not be surprised to see a post-earnings correction when the Q1 results come out. However, there's no need to be scared if that happens - the core fundamental thesis is likely to be intact, and the possible "sell-the-news" events will likely fade as the market starts to digest the management's guidance and commentary. Assuming a reasonable premium on top of the already-adjusted forward EPS figures, I see MRVL having some upside potential even considering its doubling on a YTD basis . Let's Preview The Upcoming Results As I usually do first in most of my earnings preview articles, I'm going to take a look at MRVL's most recent financials to get a general understanding of the business conditions. In the fiscal Q4 2026 print, we saw $2.219 bi...