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Investing.com74d agoneutral
Illinois governor to pause data center tax breaks amid AI concerns

Investing.com -- Illinois Governor JB Pritzker plans to temporarily stop processing applications for tax breaks offered to data centers seeking to build in the state, according to a report by NBC News on Friday. The pause will begin July 1 and is part of an effort to develop new rules for how these facilities should operate.

The Chip ETF That Turned a $10k Bet Into Nearly $20k This Year
24/7 Wall St.74d agoneutral
The Chip ETF That Turned a $10k Bet Into Nearly $20k This Year

If you put $10,000 into Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) on the last trading day of 2025, you are sitting on about $19,400 this morning. The same $10,000 in the S&P 500 (via SPY) is worth roughly $11,140. SOXQ is up 94% year to date through June 2, 2026, against 11% for SPY. The headline ... The Chip ETF That Turned a $10k Bet Into Nearly $20k This Year

Amazon, Microsoft employees demand urgent answers from big tech
TheStreet74d agoneutral
Amazon, Microsoft employees demand urgent answers from big tech

The four largest technology companies in the world are collectively making approximately $725 billion on capital expenditures in 2026, the overwhelming majority on AI infrastructure. In the same period, those same companies have laid off tens of thousands of workers. Meta's CEO told staff directly ...

Apple Is About to Make Its Biggest Bet on AI Yet on Monday
24/7 Wall St.74d agoneutral
Apple Is About to Make Its Biggest Bet on AI Yet on Monday

Apple’s Worldwide Developers Conference kicks off Monday, and according to Wall Street Journal business columnist Tim Higgins, speaking on CNBC, AI will dominate the agenda. After years of being labeled a laggard in the generative-AI race, Apple (NASDAQ:AAPL) is using its biggest developer stage of the year to argue that the iPhone, already in billions ... Apple Is About to Make Its Biggest Bet on AI Yet on Monday

Billionaire Investor Bill Ackman: Buying Microsoft, Meta, and Amazon Today Could Be Like Adding Buffett’s Berkshire Hathaway 25 Years Ago
24/7 Wall St.74d agobullish
Billionaire Investor Bill Ackman: Buying Microsoft, Meta, and Amazon Today Could Be Like Adding Buffett’s Berkshire Hathaway 25 Years Ago

Billionaire investor Bill Ackman of Pershing Square has laid out one of the more provocative big-cap calls of this AI cycle. On the All-In Podcast, he argued that today’s mega-cap incumbents are being treated the way the market treated Warren Buffett’s empire, Berkshire Hathaway, at the peak of the dot-com bubble: as yesterday’s story while ... Billionaire Investor Bill Ackman: Buying Microsoft, Meta, and Amazon Today Could Be Like Adding Buffett’s Berkshire Hathaway 25 Years Ago

Meta Stock Turns $1,000 Into $5,300 in 10 Years But Did It Beat The S&P 500?
24/7 Wall St.74d agobullish
Meta Stock Turns $1,000 Into $5,300 in 10 Years But Did It Beat The S&P 500?

Ten years ago, Facebook was still Facebook. The company hadn’t yet bought into the metaverse, the Cambridge Analytica scandal hadn’t hit, and Mark Zuckerberg wasn’t talking about superintelligence. Since then, Meta (NASDAQ:META) has rebranded, weathered a near-death stock collapse, and pivoted into one of the biggest AI infrastructure bets in corporate history. The 2021 rename ... Meta Stock Turns $1,000 Into $5,300 in 10 Years But Did It Beat The S&P 500?

Meta AI Delays Test Investor Confidence In New Business Revenue Streams
Simply Wall St.74d agoneutral
Meta AI Delays Test Investor Confidence In New Business Revenue Streams

Meta Platforms delayed the release of its new Spark AI model after earlier timing issues with Llama 4. The company introduced Meta Business Agent, a paid AI tool for businesses that generates direct revenue rather than relying only on advertising. These moves come as regulators and employees increase scrutiny of Meta's AI and data privacy practices. Meta Platforms (NasdaqGS:META) is taking these AI steps with its stock at $627.57 and a value score of 4. The share price is down 3.5% year to...

Google vs. Meta: Which Ad Giant Is the Better Long-Term Buy?
24/7 Wall St.74d agobullish
Google vs. Meta: Which Ad Giant Is the Better Long-Term Buy?

For retirement-focused investors weighing the two ad giants, the question is direct: Should you own Alphabet (NASDAQ:GOOGL) or Meta Platforms (NASDAQ:META) right now? Both print cash, both dominate digital advertising, and both are spending unprecedented sums on AI infrastructure. The market has rendered very different verdicts on each so far in 2026: Alphabet is up ... Google vs. Meta: Which Ad Giant Is the Better Long-Term Buy?

Corning’s AI Fiber Deals With Meta And Nvidia Recast Growth And Risks
Simply Wall St.75d agoneutral
Corning’s AI Fiber Deals With Meta And Nvidia Recast Growth And Risks

Corning (NYSE:GLW) has signed multi-year agreements to supply optical connectivity solutions for AI infrastructure to large customers including Meta. The company has also entered a technology and manufacturing partnership with Nvidia focused on AI data center connectivity. These arrangements are tied to a plan to expand Corning's U.S. manufacturing capacity for optical communications used in AI data centers. Corning is best known for specialty glass and optical communications products that...

Vistra Reshapes Growth With Cogentrix Deal And AI Data Center Power
Simply Wall St.75d agoneutral
Vistra Reshapes Growth With Cogentrix Deal And AI Data Center Power

Vistra (NYSE:VST) has completed its acquisition of Cogentrix natural gas assets, expanding its power generation footprint. The company is growing long-term nuclear power agreements, including a new arrangement to supply Meta's data center needs. Vistra is working to restart the Perry nuclear plant, adding more baseload capacity for AI driven electricity demand. Vistra enters this phase of expansion with its stock at $153.7 and a very large 5 year return, reflecting a major change in the...

Why Meta is delaying its latest AI model release
Yahoo Finance Video75d agoneutralVIDEO
Why Meta is delaying its latest AI model release

Yahoo Finance Tech Editor Dan Howley joins Josh Lipton on Market Domination to discuss Meta's (META) decision to delay the release of its latest AI model and what the move means for the company's AI ambitions.

Bloomberg75d agoneutral
AI Power Boom Revives Natural Gas as Infrastructure Bet

(Bloomberg) -- A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than