Ed Zitron, CEO of EZ Primary Research, warns that hyperscaler cloud growth driven by AI is heavily reliant on two unprofitable companies, OpenAI and Anthropic, which together account for a large share of revenue at Google Cloud, Microsoft, and AWS. Despite strong revenue growth and investment in cloud infrastructure, Zitron argues this concentration poses sustainability risks, comparing the situation to Enron and highlighting OpenAI's significant losses and delayed IPO. While markets remain optimistic, investors should monitor customer disclosures closely as hyperscalers continue heavy capital spending through 2027.
JPMorgan has increased its S&P 500 target for 2026 from 7,800 to 8,000, citing stronger-than-expected corporate earnings and significant AI-related investments driving business growth. The bank expects earnings per share to grow 35% in 2026, supporte...
Google Play has added Venmo as a payment option for purchases including games, apps, add-ons, and digital content. Users can link their Venmo wallet or other linked payment methods like bank accounts and cards to pay for subscriptions or tip creators...
Berkshire Hathaway reduced its cash reserves by investing billions in stocks like Alphabet and repurchasing $7.8 billion of its own shares in Q2 and July. The conglomerate reported a 16% rise in operating profit to $12.98 billion, driven by gains at ...
In Q2 2026, Berkshire Hathaway's cash reserves fell 8% to $365.5 billion as new CEO Greg Abel increased spending, including $4.5 billion on share buybacks and a net $20 billion increase in equity investments, notably a $10 billion stake in Alphabet. ...
Berkshire Hathaway reported a 16% increase in operating earnings for Q2, reaching $12.98 billion, driven by strong performance in energy, railroad, and manufacturing sectors. CEO Greg Abel, who took over from Warren Buffett, is actively deploying the...
