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Cerebras sinks 14% as full-year margin forecast disappoints
Reuters61d agoneutral
Cerebras sinks 14% as full-year margin forecast disappoints

Cerebras shares tumbled about 14% before the bell on Wednesday after the chip designer warned that annual profit margins ‌would undershoot first-quarter figures in its debut earnings following a ‌blockbuster initial public offering. Cerebras forecast adjusted gross margins of 38% to 41% for 2026, compared with the 47% it reported ‌for the first quarter. The ⁠projection is far below those of rivals such as Nvidia's mid-70% range and Advanced Micro Devices' mid-50%, even as it ⁠came above analysts' estimates of 29.58%.

P&G revives the soap opera with an unlikely partner
TheStreet61d agoneutral
P&G revives the soap opera with an unlikely partner

For decades, your favorite sitcoms and soap operas have had hidden sponsors. In fact, the arrangement has been so pervasive that soap operas literally earned their nickname due to the sheer number of Procter & Gamble advertisements that ran between scenes. Now, nearly a century after ...

Morning Bid: Bubble or blasphemy?
Reuters61d agoneutral
Morning Bid: Bubble or blasphemy?

By Mike Dolan June 24 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets An 8% plunge in the high-flying U.S. chip stock index on Tuesday

BlackRock: 'AI Is Sucking All The Oxygen Out Of The Room'—And Bitcoin Is Choking On It
Benzinga61d agoneutral
BlackRock: 'AI Is Sucking All The Oxygen Out Of The Room'—And Bitcoin Is Choking On It

BlackRock Managing Director Robert Mitchnick says AI investment is draining capital away from Bitcoin, with weakness evident in Bitcoin’s 20% slide over the past month. Mitchnick Says US Debt Fears Could Reignite Bitcoin Around The Midterms Mitchnick argued on Monday that Bitcoin’s weak stretch since October has little to do with crypto-specific problems and everything to do with capital flooding into AI instead. He noted gold and other traditional inflation hedges have faced the same pressure a

Bloomberg61d agoneutral
The Debasement Trade Is Unraveling and Kevin Warsh Is One Big Reason

(Bloomberg) -- In hindsight, the beginning of the end for the debasement trade can be traced back to Jan. 30.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsSpaceX Falls for Third Day, Erases $600 Billion in Market ValueThat’s when US President Donald Trump nom

Bloomberg61d agoneutral
Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet

(Bloomberg) -- Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector. Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsS

Take-Two prices 'Grand Theft Auto VI' at $79.99, sticks to November 19 launch
Reuters61d agoneutral
Take-Two prices 'Grand Theft Auto VI' at $79.99, sticks to November 19 launch

Take-Two Interactive Software on Wednesday priced "Grand Theft Auto VI" at $79.99 and stuck to its previously announced November 19 release date, ‌bringing the industry's most anticipated title closer to launch after multiple delays. The ‌price makes "GTA VI" one of the most expensive base versions of a top-tier game, pushing it ​above the $69.99 ceiling that blockbusters such as Sony's "Ghost of Yōtei" and Nintendo's "Legend of Zelda: Tears of the Kingdom" have held for years. The "Ultimate Edition" of the game will cost $99.99 and add exclusive vehicles, weapons and apparel woven into the story of Jason and ‌Lucia, the protagonists of the ⁠game, Take-Two said.

As AI Companies Race for Power, Amazon and Google Have the Lead
The Wall Street Journal61d agoneutral
As AI Companies Race for Power, Amazon and Google Have the Lead

Amazon’s chief executive has said that power is the “single biggest constraint” in its cloud and artificial-intelligence business. Here, Amazon has an incumbent advantage. It is the world’s largest cloud provider and has been building a lot of data centers over the past two decades.

Bloomberg61d agoneutral
Korea’s Surging Equity Volatility Draws Meme-Stock Comparisons

(Bloomberg) -- The volatility in South Korea’s benchmark equity index has become so extreme that investors and analysts are likening the market’s surging intra-day swings to the meme-stock frenzy.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumb

Nvidia pours cold water on AI fears
TheStreet61d agoneutral
Nvidia pours cold water on AI fears

Every technology boom eventually gets a villain the public can picture. For the railroads, it was land grabs. For artificial intelligence (AI), it became a data center quietly drinking a town's water while a chatbot wrote someone's emails. That picture is not imaginary. Massive computing warehouses ...

Gold Pressured by Stronger Dollar, Rate-Hike Concerns
Barrons.com61d agoneutral
Gold Pressured by Stronger Dollar, Rate-Hike Concerns

Gold prices fell, extending the previous session's losses as a stronger U.S. dollar and growing expectations of interest-rate hikes this year weighed on sentiment. "Limited support came from rising Treasury bonds as lower energy prices ease concerns about inflation," analysts at Saxo Bank said.

Bloomberg61d agoneutral
SK Hynix Seeks $29 Billion With New US Listing to Fund AI Boom

(Bloomberg) -- SK Hynix Inc. is looking to raise 45.45 trillion won ($29.4 billion) by selling depositary receipts on the Nasdaq exchange.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsThe company

Earnings Updates, PCE Inflation Data: What to Watch This Week
The Wall Street Journal61d agoneutral
Earnings Updates, PCE Inflation Data: What to Watch This Week

Investors are looking forward to another week of chip-stock reveals. Qualcomm has its investor conference, and Micron reports earnings a day after a sharp decline in its stock. The Federal Reserve meanwhile will get another data point on the inflation picture, with the PCE (price consumption expenditures) index.

Bloomberg61d agoneutral
Micron Earnings Take on New Gravity With Market on Edge Over AI

(Bloomberg) -- Micron Technology Inc.’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Marke