Sam Altman is probably the tech honcho you’ve heard the most about over the past three years. The OpenAI CEO has helped revolutionize artificial intelligence by putting ChatGPT into the hands of millions. Yet surprisingly, his personal fortune wasn’t built through an ownership stake in the company that now defines the AI boom. Instead, Altman
Stock picking has gotten harder this year, and Jim Cramer says it is not because the fundamentals stopped mattering. It is because Wall Street stopped looking at them. The “Mad Money” host has spent recent months describing a market where entire groups of stocks move together on themes rather than earnings. His latest comments suggest
Warren Buffett rarely calls his own investments mistakes. He rarely doubles down on ones he still questions. In a July CNBC interview, he did both at once. Buffett confirmed he personally started Berkshire’s Alphabet position, confessed he should have bought years earlier, and flagged the enormous spending challenge ahead. Berkshire began buying Alphabet shares in
Apple’s earnings reminded investors that the company is not immune to the challenges of the AI race. Shares of Apple (AAPL) tumbled 7.35% on July 31, even after the company beat Wall Street‘s expectations for both earnings and revenue for the fiscal third quarter. Apple reported adjusted earnings of $1.91 per share, topping estimates of
Louis Navellier has been active in the stock market for approximately 46 years, beginning with the publication of his quantitative research in 1980, the MPT Review. He regularly shares his thoughts with TheStreet readers in this column. There is a false narrative out there that Asia is taking over and that the U.S. tech sector will be
Jim Cramer urged investors to stop using borrowed money for artificial intelligence stocks as U.S. margin debt climbed above $1.5 trillion. A lot of the biggest advances in the industry have been in AI infrastructure. Jim Cramer thinks investors who are borrowing to pursue those returns are taking an unacceptable risk. The CNBC “Mad Money”
AMC Entertainment (AMC) has received one of the clearest signs yet that its financial position is improving. S&P Global Ratings raised the issuer credit rating of the movie theater operator to B- from CCC+ with a stable outlook. The ratings firm pointed to improved operating performance, decreased debt, and a pathway to sustainable positive free
The bearish case for SpaceX has recently been the everyday norm. It is no longer coming from just one corner of Wall Street. I’ve now heard concerns from traders, longtime investors, and market veterans, and the list keeps growing. I’ve previously covered the former Nasdaq CEO‘s lockup warning, Doug Kass‘s short thesis, and the fact
Corning is best known for Gorilla Glass, the durable material used in smartphone screens. The company also makes the optical fiber, cables, and connectors that move data among thousands of processors inside artificial intelligence data centers. That business helped more than double Corning’s share price over the previous year. Corning (GLW) shares were down about
Investors were betting the S&P 500’s next leg higher would come from a broader rally, with more cyclical and speculative stocks joining the biggest winners. Morgan Stanley sees something else. Instead of spreading the risk, investors are apparently retreating toward high-quality businesses with stronger balance sheets, steadier earnings, and cash flow. Though Wall Street was