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Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
Reuters66d agoneutral
Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows

Hedge funds sold out of the biggest U.S. tech stocks, and some even added ‌bearish positions, according to data from a JPMorgan note late ‌Thursday, just before SpaceX was set to go public on Friday. Shares in the "Magnificent Seven" -- ​a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday. The Roundhill Magnificent Seven ETF, which tracks these ‌stocks closely, declined over 2.4% ⁠since June 5, with some analysts saying investors were clearing their decks in order to prepare for the ⁠debut of Elon Musk's Space X on Friday.

AI Integration and iPhone Growth Assert Apple Inc. (AAPL) as One of the Best Forever Stocks to Buy
Insider Monkey67d agobullish
AI Integration and iPhone Growth Assert Apple Inc. (AAPL) as One of the Best Forever Stocks to Buy

Apple Inc. (NASDAQ:AAPL) is one of the best forever stocks to buy, according to analysts. On June 6, Deep Asset Management’s Gene Munster reiterated that Apple Inc. (NASDAQ:AAPL) is on the cusp of edging higher. Munster expects the company’s sentiment to receive a significant boost from the Worldwide Developers Conference, terming it the most important […]

Does Apple Stock Have More Upside?
Trefis67d agoneutral
Does Apple Stock Have More Upside?

Apple (AAPL) stock is at an interesting point right now. It has strong momentum, and if you bet on it, you are betting on a company with strong margin, good cash flow, low-debt capital structure, and good tailwinds. But is that enough.

Siri upgrades show promise, but questions remain
Yahoo Finance Video67d agobullishVIDEO
Siri upgrades show promise, but questions remain

Fresh off Apple’s (AAPL) WWDC, Yahoo Finance Tech Editor Dan Howley joins Josh Lipton on Market Domination to break down the highlights and shortcomings of Apple’s latest announcement, including a closer look at the company’s upgraded Siri AI.

Is Affirm Holdings, Inc. (AFRM) A Good Stock To Buy Now?
Insider Monkey67d agobullish
Is Affirm Holdings, Inc. (AFRM) A Good Stock To Buy Now?

Is AFRM a good stock to buy? We came across a bullish thesis on Affirm Holdings, Inc. on r/investing_discussion by Variant_Invest. In this article, we will summarize the bulls’ thesis on AFRM. Affirm Holdings, Inc.’s share was trading at $65.11 as of June 9th. AFRM’s trailing and forward P/E were 59.22 and 32.57 respectively according to Yahoo […]

Apple Inc. (AAPL) Is A Top Stock In Ken Griffin’s Portfolio
Insider Monkey67d agoneutral
Apple Inc. (AAPL) Is A Top Stock In Ken Griffin’s Portfolio

Apple Inc. (NASDAQ:AAPL) is one of the 13 Best Stocks to Invest In According to Billionaire Ken Griffin. Apple Inc. (NASDAQ:AAPL) is in the news lately due to its Worldwide Developers Conference. The event saw the firm take another stab at AI as it launched Siri AI. The software assistant will focus more on voice […]

Should You Buy Amazon.com (AMZN)?
Insider Monkey67d agobullish
Should You Buy Amazon.com (AMZN)?

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 13 Best Stocks to Invest In According to Billionaire Ken Griffin. eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 11% over the past year and by 6.7% year-to-date. Its cloud computing division, AWS, scored a major win earlier this month when Pinterest announced that […]

Bloomberg67d agoneutral
DoorDash Built an AI Chatbot to Help With Orders, Reservations and Grocery Lists

(Bloomberg) -- DoorDash Inc. introduced an in-app artificial intelligence chatbot to help customers make restaurant and grocery orders, and suggested the technology could also be used to unlock new enterprise revenue streams.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks S

Retail Investors Are Selling Stocks to Raise Money for SpaceX
The Wall Street Journal67d agobearish
Retail Investors Are Selling Stocks to Raise Money for SpaceX

Retail investors are clearing the decks ahead of the SpaceX IPO. For two straight days this week, ordinary investors dumped their single-stock holdings on a net basis, according to Vanda Research. The moves suggests that mom-and-pop investors are amassing dry powder ahead of SpaceX's anticipated public debut tomorrow.

Citigroup Is Rolling Out Tokenized Shares of Private Companies
The Wall Street Journal67d agoneutral
Citigroup Is Rolling Out Tokenized Shares of Private Companies

Citigroup is establishing a way for its wealthy and institutional clients to trade shares of private companies through a blockchain, a venture it hopes will be adopted by other banks across Wall Street. The bank said it is in discussions with some of the largest private companies to get involved. The venture is intended to broaden access to private firms at the same time companies are taking longer to go public, and Wall Street has been in a frenzy over the coming blockbuster stock-market debuts of SpaceX, Anthropic and others.

Apple's AI Reveal Hands An Unexpected Win To Google, NVIDIA
Benzinga67d agoneutral
Apple's AI Reveal Hands An Unexpected Win To Google, NVIDIA

Apple Inc.’s latest AI announcements sparked a fresh debate on Wall Street, with analysts divided over whether the company’s Siri overhaul positions it for the next phase of artificial intelligence adoption or underscores its growing reliance on partners such as...

Apple AI Workloads Highlight Google Cloud Role And Alphabet Valuation Gap
Simply Wall St.68d agoneutral
Apple AI Workloads Highlight Google Cloud Role And Alphabet Valuation Gap

Apple is moving its most advanced AI workloads from its own private infrastructure to Google Cloud, deepening its AI partnership with Alphabet (NasdaqGS:GOOGL). The shift positions Google Cloud as core infrastructure for major third party AI deployments, beyond Alphabet's internal use. The collaboration centers on AI infrastructure rather than short term financial metrics or guidance. For Alphabet, this development puts a spotlight on Google Cloud's role in AI infrastructure, an area that...

Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either
Benzinga68d agoneutral
Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either

Market commentator and popular media personality Jim Cramer dubbed Bitcoin (CRYPTO: BTC) and gold as “bad money” on Wednesday, which are getting dumped to participate in SpaceX’s upcoming IPO. Good Vs. Bad In an X post, Cramer posited that investors are liquidating assets to free up cash for SpaceX, expected to be the biggest stock market debut in history. But the way he described those assets raised some eyebrows. The “Mad Money” host called Bitcoin and gold “bad money,” while referring to Nvid