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Alphabet Lost $32 Billion on SpaceX in the Blink of an Eye
Barrons.com24d agoneutral
Alphabet Lost $32 Billion on SpaceX in the Blink of an Eye

Take Alphabet. Investors knew Google invested about $1 billion in SpaceX in 2015, but they couldn’t be certain what happened to the stake. Alphabet still has its stake, and the value has shot higher since 2015, but that is becoming a small headwind for the share as SpaceX stock tumbles to new lows.

Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild
24/7 Wall St.24d agoneutral
Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild

Jimmy Chang, Chief Investment Officer at Rockefeller Global Family Office, used CNBC’s Closing Bell Overtime to deliver a pointed warning ahead of Big Tech earnings: the record AI CapEx cycle may already be masking an overbuild that markets have not yet learned to see. Chang argued that strong earnings are already priced in and the ... Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild

Anthropic, SpaceX Hand Google Profit Windfall
MediaPost24d agobearish
Anthropic, SpaceX Hand Google Profit Windfall

At least on paper, for now, Google's investments in Anthropic and SpaceX have paid off and enabled its parent company Alphabet to offset any losses when quarterly financial reports come.

Tesla is 'all about' future promises: Why this strategist calls it a 'story' stock
Yahoo Finance Video24d agoneutralVIDEO
Tesla is 'all about' future promises: Why this strategist calls it a 'story' stock

Tesla (TSLA) reported negative free cash flows in the second quarter as the EV company continues to bet big on its Optimus robotics ventures. The stock is falling by as much as 12% on Thursday following its second quarter earnings released last night. Northwestern Mutual Wealth Management Company CIO Brent Schutte and Yahoo Finance Senior Reporter Brooke DiPalma highlight Elon Musk's latest comments, with Schutte remarking that Tesla remains a "story" stock over its list of future promises.

Google Details Size of SpaceX Stake
The Wall Street Journal24d agoneutral
Google Details Size of SpaceX Stake

$94.1 billion That’s how much in SpaceX shares Google parent Alphabet owns. Based on SpaceX's current market cap of $1.53 trillion, that's a roughly 6% stake. The tech conglomerate's marketable equity securities include $80 billion in SpaceX shares subject to short-term restrictions on the ability to sell and $14.

Historic Tesla and SpaceX Merger Looks More Likely. Is This Sell-Off Your Best Buying Opportunity Yet?
24/7 Wall St.24d agoneutral
Historic Tesla and SpaceX Merger Looks More Likely. Is This Sell-Off Your Best Buying Opportunity Yet?

The market has spent the past two years rewarding companies tied to artificial intelligence, robotics, and next-generation infrastructure. Investors are increasingly looking beyond a company’s original business and looking more closely at which ecosystem is building it. That shift is key because some of today’s biggest winners no longer fit neatly into a single industry. ... Historic Tesla and SpaceX Merger Looks More Likely. Is This Sell-Off Your Best Buying Opportunity Yet?

Investing.com24d agobullish
Wolfe upgrades AT&T to Outperform as improving fundamentals outweigh Starlink risk

Investing.com -- AT&T was upgraded to Outperform from Peer Perform by Wolfe Research, which said the telecom giant's improving operating fundamentals and attractive valuation more than offset lingering concerns over competition from SpaceX's Starlink mobile ambitions. The brokerage assigned a $29 price target, implying nearly 26% upside from the stock's recent close.

AI-led boom in IPOs raises concerns about a bust
AFP24d agoneutral
AI-led boom in IPOs raises concerns about a bust

This has been a banner year for stock listings, thanks largely to AI firms, but the massive size of the operations raises questions about whether the markets can continue to absorb them.AI is also driving the growth in listings by Chinese firms, as well as the tighter restrictions on capital movements amid continued tensions between Beijing and Washington.