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Tesla Stock Drops. OpenAI Is Coming for One Line of Its Business.
Barrons.com82d agobearish
Tesla Stock Drops. OpenAI Is Coming for One Line of Its Business.

Shares of the electric-vehicle maker were down 1.3% in premarket trading, while and futures were up 0.2% and 0.4%, respectively. The move came after OpenAI CEO Sam Altman tweeted on Sunday that his company is hiring people to jumpstart its robot business. “AI should be able to help people in the physical world,” wrote Altman.

Why Wix.com (WIX) Is Up 5.4% After Deep AI-Driven Job Cuts And Restructuring Plans
Simply Wall St.82d agobearish
Why Wix.com (WIX) Is Up 5.4% After Deep AI-Driven Job Cuts And Restructuring Plans

In late May 2026, Wix.com announced plans to cut roughly 20% of its workforce, citing pressure from a stronger Israeli shekel and rapid advances in artificial intelligence that are reshaping how it operates. This restructuring signals a shift toward an AI-centric, leaner organization that could materially change Wix.com’s cost base, product development, and long-term competitive position. Against this backdrop of a large workforce reduction tied to AI adoption, we’ll now examine how the...

BofA Retains an “Underperform” Rating on  UiPath, Inc. (PATH)
Insider Monkey82d agobearish
BofA Retains an “Underperform” Rating on UiPath, Inc. (PATH)

UiPath, Inc. (NYSE:PATH) is one of the 8 Most Undervalued AI Stocks to Buy According to Hedge Funds. On May 29, 2026, BofA raised its price target on UiPath, Inc. (NYSE:PATH) to $13 from $12. The firm maintained an “Underperform” rating on the shares. It noted fiscal Q1 results that came in above both its […]

Wixcom Workforce Cuts And AI Shift Set Against Steep Share Pullback
Simply Wall St.82d agobearish
Wixcom Workforce Cuts And AI Shift Set Against Steep Share Pullback

Wix.com (NasdaqGS:WIX) announced a workforce reduction of about 20%. The company linked the cuts to currency fluctuations and the impact of artificial intelligence on its operations. Wix.com plans to move toward a flatter organizational structure following the reduction. For investors watching Wix.com at a share price of $56.06, the scale of this workforce change stands against a backdrop of mixed recent returns. The stock is up 5.4% over the past week, but down 30.4% over the past month,...

The Bull Case For 3M (MMM) Could Change Following A$1.4 Billion Australian PFAS Lawsuit Filing
Simply Wall St.82d agobearish
The Bull Case For 3M (MMM) Could Change Following A$1.4 Billion Australian PFAS Lawsuit Filing

In late May 2026, the Australian government filed a lawsuit against 3M seeking A$1.40 billion in compensation over PFAS “forever chemicals” used in firefighting foam at defense bases. This case adds a new international dimension to 3M’s existing PFAS exposure, raising fresh questions about the scale and duration of its environmental liabilities. We’ll now examine how this new Australian PFAS lawsuit, and its potential financial and reputational impact, could affect 3M’s investment...

Seagate Technology Holdings plc (STX): Leopold Aschenbrenner Sells Stake
Insider Monkey82d agobearish
Seagate Technology Holdings plc (STX): Leopold Aschenbrenner Sells Stake

We just covered the From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Seagate Technology Holdings plc (NASDAQ:STX) ranks 40th on this list. Latest filings show that Situational Awareness LP has sold off the stake it held in Seagate Technology Holdings plc (NASDAQ:STX). The stock had first appeared […]

Western Digital Corporation (WDC): Leopold Aschenbrenner Is Selling This Stock
Insider Monkey82d agobearish
Western Digital Corporation (WDC): Leopold Aschenbrenner Is Selling This Stock

We just covered the From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Western Digital Corporation (NASDAQ:WDC) ranks 39th on this list. Latest filings show that Situational Awareness LP has sold off the stake it held in Western Digital Corporation (NASDAQ:WDC). The stock had first appeared in the […]