Meta Platforms (NASDAQ: META) is dealing with a lot of pressure right now. The social media giant’s stock is down more than 13% as of June 10, largely due to mounting regulatory issues and investors’ growing skepticism about spending on artificial intelligence (AI). But long-term investors willing to look past recent turbulence may find that…
Most people assume healthcare bills are high because hospitals charge too much. Mark Cuban says the problem runs deeper. Cost Plus Drugs co-founder Mark Cuban argued in a May 30 post on X that even if hospital services cost next to nothing, Americans could still end up paying more. His target was not hospitals alone,…
Plenty of companies report sales over the years. But few numbers move the global semiconductor sector as much as the monthly update from Taiwan. Every month, Taiwan Semiconductor Manufacturing Company (TSM) posts one line of revenue. TSM is the company that builds the chips inside Nvidia’s (NVDA) AI accelerators, Apple’s (AAPL) iPhones, and much of…
The race in AI is no longer just about building better models. It is now about owning the chips that power them. Amazon.com (AMZN), Microsoft Corporation (MSFT), Alphabet (GOOG) (GOOGL), and Meta Platforms (META) are expected to spend as much as $725 billion combined in 2026, mostly on AI data centers, custom chips, and networking…
Cadence (CDNS) recently announced that it had expanded its collaboration with Intel’s (INTC) chip-manufacturing unit, known as Intel Foundry. Under the deal, Intel will utilize Cadence’s AI agents and its Design IP products to enhance “Intel’s next-generation process technologies, beginning with Intel 14A.” The agreement provides evidence that my previous, bullish thesis on Cadence is…
A major traditional finance product is moving to Solana with a planned $250 million commitment. Securitize, the tokenization platform with more than $4 billion in assets under management, has expanded its Securitize Tokenized AAA CLO Fund, known as STAC, to Solana. Ethena Labs, the creator of the USDe stablecoin, plans to allocate $250 million to…
Corn futures are trading with Thursday losses of 5 to 6 cents across most contracts, as the world competition has grown in USDA’s balance sheet. The CmdtyView national average Cash Corn price is down 5 cents at $3.81 1/4. Export Sales data from this morning indicated 1.00 MMT of old crop corn business in the week…
Artificial intelligence is reshaping industries from healthcare to finance, and now it is coming for one of America’s most traditional assets — real estate. One family in Miami is betting on the AI boom, asking buyers interested in their luxury home for stocks in OpenAI, Anthropic or SpaceX. In an essay with Business Insider, (1)…
June 11 (Reuters) – Asset manager BlackRock sought to buy at least $5 billion worth of shares in the initial public offering of Elon Musk’s SpaceX , the Wall Street Journal reported on Thursday, citing people familiar with the matter. SpaceX is expected to raise about $75 billion in what would be the world’s largest…
General Motors (GM) shares were in the spotlight on June 10 after the automaker made significant announcements at its GM Empower event in San Francisco. Crucially, the NYSE-listed giant announced plans to enter the grid-scale energy storage market via a sodium-ion battery partnership with Peak Energy. More News from Barchart GM also committed to redirecting…
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