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The tech sector still has legs in the second half, and Deepwater’s Gene Munster likes these names
Tech stocks helped lift the S & P 500 to a record in the first half, but Deepwater Asset Management’s Gene Munster said the artificial intelligence trade still has room to run in 2025 — and he shared a couple of his picks. The broad market index made a stunning turnaround from its April lows […]
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Asia-Pacific markets mostly set to open higher after Wall Street gains on strong jobs report
The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Most Asia-Pacific markets are set to climb on Friday, trailing gains on Wall Street after a better-than-expected jobs report eased investors’ concerns of a slowdown in […]
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CoreWeave is the first cloud provider to deploy Nvidia’s latest AI chips
Nvidia CEO Jensen Huang in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia’s Blackwell Ultra chips, the company’s next-generation graphics processor for artificial intelligence, have been commercially deployed at CoreWeave, the companies announced on Thursday. CoreWeave has received shipments of Dell-built shipments based around Nvidia’s GB300 NVL72 AI systems, Dell said on […]
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2 of our banks just boosted their dividends. Here’s how their increases stack up versus our other names
Goldman Sachs and Wells Fargo shares hit record highs Wednesday after the Wall Street banks announced dividend hikes following Tuesday’s close. Both join the laundry list of Club holdings to hike their payouts to investors in 2025. After the financial firms passed the Federal Reserve’s annual stress test on Friday night, Goldman said Tuesday that […]
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Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’
William_potter | Istock | Getty Images The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor […]
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Stock futures are flat after investors sell tech names to start the second half of 2025: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on April 07, 2025 in New York City. Michael M. Santiago | Getty Images Stock futures were little changed on Tuesday evening, after investors began the second half with a reduced appetite for technology stocks. Futures tied to the Dow Jones […]
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China’s Huawei open-sources AI models as it seeks adoption across the global AI market
In recent years, the company has transformed from a competent private sector telecommunications firm into a “muscular technology juggernaut straddling the entire AI hardware and software stack,” said Paul Triolo, partner and senior vice president for China at advisory firm DGA-Albright Stonebridge Group. Ramon Costa | SOPA Images | Lightrocket | Getty Images Huawei has […]
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Elon Musk’s xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched […]
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Asia-Pacific markets poised for cautious open as investors assess gains on Wall Street and Trump’s tariff plans
Shanghai Bund skyline panorama Yangna | E+ | Getty Images Asia-Pacific markets are set to have a cautious open Tuesday, with investors assessing the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said […]
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Amazon CEO Jassy says AI will lead to ‘fewer people doing some of the jobs’ that get automated
Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle. “Like with every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” Jassy told […]
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