Financial News

Broadcom, Meta, Applied Materials, GlobalFoundries and Synopsys are joining forces to launch a $125 million "Semiconductor Hub" at UCLA.

We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Cisco Systems (NASDAQ:CSCO) ranks #5 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.5% Cisco benefits from the AI buildout because of its relevance to the networking and connectivity layer […]

We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Broadcom Inc. (NASDAQ:AVGO) ranks #6 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.2% Broadcom Inc (NASDAQ:AVGO) is one of the most important pick-and-shovel names in the AI revolution. It […]

SpaceX filed its S-1, and the headlines call it a space IPO — but the filing tells a different story: the most vertically integrated AI infrastructure bet ever attempted. xAI is now a SpaceX segment, with $12.7B in AI capex last year. Anthropic signed on as a $1.25B/month customer through 2029. There's a chip project with Tesla and Intel called Terafab. And AI data centers in orbit by 2028. Joining us: Henry Ward, Carta, and Apoorv Agrawal, Altimeter Capital.

Somewhere between a thought experiment and a margin call, SpaceX has a price. On Hyperliquid, a decentralized derivatives venue, a synthetic contract called SPCX-USD recently changed hands around $203. Plug that price into the company’s share count and the implied valuation lands at roughly $2.4 trillion. At that level, a SpaceX initial public offering would ... SpaceX Is Quietly Trading at a Price That Would Make It 23x Bigger Than Facebook’s IPO

Seema Mody joins Power Lunch to discuss SpaceX's IPO structure and whether the company is too dependent on Elon Musk.

AMD (NASDAQ: AMD) has a 24/7 Wall St. price target of $600 over the next 12 months, with the stock currently trading at $447.58. That implies roughly roughly 34% upside, and we are rating the shares buy with high confidence. AMD now combines a hyperscaler-anchored AI roadmap, an inflecting CPU franchise, and guidance that just ... Will AMD Stock Reach $600 This Year? The Answer May Not Surprise You

Wall Street is watching May 22 closely as OpenAI reportedly prepares for a potentially confidential IPO filing.

Cummins —the dominant maker of diesel engine technology—finds itself, happily, caught up in the AI data-center boom. CEO Jennifer Rumsey’s company is no stranger to boom-bust business cycles, and she says it can navigate the swings in AI demand. Cummins’ AI-related business—supplying backup power for data centers—has sent the stock to levels not seen in a decade.

Meta Platforms is upgraded to a Strong Buy with a $1,000 PT within 30 months, driven by robust financials and AI-driven growth. Click for my META stock update.

https://www.texasattorneygeneral.gov/news/releases/attorney-general-paxton-files-landmark-lawsuit-against-meta-and-whatsapp-lying-about-privacy

Among the long list of investments President Trump listed in a filing is Kura Sushi. The president invested $1 million-$5 million in the sushi chain.

Nvidia CEO Jensen Huang declares AI boom has 'gone parabolic' with demand for compute as a direct driver of revenue.

The three co-founders are discussing a funding round that would value Manus at least at the $2 billion Meta paid to acquire it

Oklo (NYSE:OKLO) sits at a fascinating inflection point. After peaking near $171.56 in October 2025 and giving back most of those gains, the advanced nuclear story is back to a price where the risk/reward looks asymmetric to me. Our 24/7 Wall St. price target for Oklo is $98.78, implying 76.77% upside from a current price ... Prediction: Oklo Stock Will Surge 75% This Year

https://www.bloomberg.com/news/articles/2026-05-21/meta-settles-school-suit-over-social-media-averting-first-trial

Health care costs for couples in retirement could reach up to $500,000 even with Medicare, according to the Employee Benefit Research Institute. Couples with high prescription costs may need $469,000 saved up to have a 90% chance of covering health...

US manufacturing PMI hit a 48-month high in May. But it's AI infrastructure capex, not Trump's tariffs, driving the reshoring boom.

Oracle (NYSE:ORCL) has joined a new multi source agreement group focused on expanded beam optical connectivity for AI infrastructure. The company is working alongside 3M, AMD, Meta, and Cisco to help define standards for high performance optical interconnects in data centers. The initiative targets reliability, scalability, and faster deployment of hyperscale AI infrastructure. Oracle enters this standards effort with NYSE:ORCL trading at around $188.16 and a 1 year return of 20.9%. Over 3...

New ethics filings reveal a portfolio concentrated in the exact companies shaping his administration's biggest deals.

Investing.com -- Crypto-based prediction market bettors are forecasting an enormous debut for SpaceX when the company eventually goes public, with markets implying a strong likelihood of a valuation above $1 trillion on its first trading day.

Manus founders explore a $1 billion raise to buy back the AI operation after Beijing demanded Meta unwind the deal.

(Bloomberg) -- The S&P 500 Index has had a fitful 2026 as it aims for a fourth-straight year of double-digit percentage gains, something it hasn’t done since the 1990s, while contending with risks from the war in Iran and rising inflation. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Goldman CEO Slides Into Musk’s DMs During Bid to L

Two of the most-watched political traders in America, on opposite ends of the spectrum, just bought the same stock. Nancy Pelosi disclosed a Vistra (NYSE:VST) stock purchase tied to a January 16 options exercise executed by her husband, Paul Pelosi. Furthermore, recently released financial disclosures indicate that President Donald Trump bought Vistra shares on February ... Donald Trump and Nancy Pelosi Both Recently Bought the Same Underfollowed Stock. It Could Be a Massive AI Winner.

- Reuters Citing Court Filing

NVDA topped Q1 fiscal 2027 estimates, boosted guidance, and expanded AI ambitions beyond GPUs with its new Vera Rubin AI superchip.

A Reddit user questioned why $1 million is increasingly viewed as inadequate for retirement. "$1 million in liquid assets is still a lot of money," the original poster wrote on the r/MiddleClassFinance subreddit. "Why do people make it sound like...

The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in ‌the oil markets that has clouded the economic growth outlook. Nvidia rounded out the results from the so-called ‌Magnificent Seven that includes Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms and Tesla. Revenue ​growth at the Magnificent Seven remains highly uneven, with Nvidia's blistering pace helping maintain its dominant lead.

AI-driven layoffs are rising as firms shift to AI capex. Click for this look at how recent trends are shaping employment and stock valuations.