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IBM Landed A $240M AI Deal. Is That Enough?
Insider Monkey10d agoneutral
IBM Landed A $240M AI Deal. Is That Enough?

IBM (NYSE:IBM) just signed a $240 million deal with Together AI to build an Nvidia (NASDAQ:NVDA)-powered AI inference cluster on IBM Cloud, announced August 11. Together AI’s chief revenue officer Kai Mak says demand is so strong the cluster will sell out two to three months before it even goes live. That kind of confidence […]

Paramount Has Discussed Creating a Board to Ensure CNN’s Independence
The Wall Street Journal10d agoneutral
Paramount Has Discussed Creating a Board to Ensure CNN’s Independence

Paramount in recent months has discussed creating an editorial board for CNN and other safeguards to ease concerns over its news operation’s independence, according to people familiar with the situation. Paramount, which owns CBS News, has agreed to buy CNN parent Warner Bros. Discovery for $81 billion. The internal discussions about establishing an oversight committee for news have come up as the company has planned for the deal’s closing, the people said.

Shopify Inc. (SHOP) Soars as Jim Cramer Applauds AI-Driven Business Formation
Insider Monkey10d agobullish
Shopify Inc. (SHOP) Soars as Jim Cramer Applauds AI-Driven Business Formation

Software platforms faced selling pressure due to concerns that generative AI tools would replace traditional software architectures. However, Shopify Inc. (NASDAQ:SHOP) broke away from sector headwinds after second-quarter financial results showed AI tools driving business formation rather than displacing its e-commerce infrastructure. Because Shopify serves small and medium-sized businesses requiring turnkey checkout, payment processing, and […]

CoreWeave (CRWV) and Super Micro (SMCI) Earnings Show AI Spending Is Still Surging
Insider Monkey10d agoneutral
CoreWeave (CRWV) and Super Micro (SMCI) Earnings Show AI Spending Is Still Surging

AI infrastructure stocks rose on Wednesday after strong quarterly financial reports from AI server hardware maker Super Micro Computer Inc. (NASDAQ:SMCI) and neocloud providers CoreWeave, Inc. (NASDAQ:CRWV) and Nebius Group NV (NASDAQ:NBIS). Big Tech companies have already signaled that spending on AI would not slow down. The combined outlays are set to surpass $730 billion […]

Nelson Peltz Reportedly Preparing Bid to Buy Wendy’s
QSR10d agobullish
Nelson Peltz Reportedly Preparing Bid to Buy Wendy’s

Former Wendy’s chairman Nelson Peltz is reportedly putting an offer together to buy Wendy’s, according to Reuters and The Financial Times. The billionaire’s Trian Fund Management is working with a group that includes BlueFive Capital and Flynn Group, the world’s largest franchisee organization. The latter became a franchisee of Wendy’s in 2021 after it purchased […]

Johnson & Johnson vs AbbVie: Safe Dividend vs Higher Yield
24/7 Wall St.10d agoneutral
Johnson & Johnson vs AbbVie: Safe Dividend vs Higher Yield

Two healthcare giants, two very different dividend bets: one built on six decades of unbroken raises and a fortress balance sheet, the other dangling a fatter yield while racing to outrun its own blockbuster's collapse. Knowing which risk you are actually buying changes everything.