During the Trump-Xi summit in Beijing, US Treasury Secretary Scott Bessent announced that the US and China will establish a protocol for AI safety to ensure responsible development and prevent misuse by non-state actors. Bessent emphasized that the US leads in AI technology, enabling constructive dialogue with China. The summit also highlighted tensions over Taiwan, with China warning of conflict risks if mishandled. Bessent indicated that President Trump will address Taiwan issues further in the coming days. The meeting marks a significant step in US-China cooperation on AI and trade amid broader geopolitical challenges.
Investors have funneled $195 billion into global technology ETFs over the past year, far surpassing inflows into all other sectors combined. This surge reflects a concentrated bet on a handful of tech giants, especially those tied to artificial intel...
JPMorgan introduced two new ETFs, ROCY and ROCQ, designed to reduce the tax burden on income for investors holding shares in taxable accounts. Unlike JEPI, which generates mostly ordinary income taxable annually, these new funds focus on return-of-ca...
Marvell Technology's stock fell over 10% after announcing a significant custom silicon agreement with Google, which could generate up to $120 billion in revenue through 2033. Despite the selloff driven by concerns over share dilution from a warrant a...
Amazon faces market sell-offs due to concerns over AI capital spending, but its AWS backlog has surged to $496 billion with triple-digit growth, mostly contracted for five years. AWS revenue is growing rapidly with strong margins, supported by custom...
Despite a recent rally, analyst Andrew Boone from Citizens expects Alphabet (GOOGL) stock to rise further, targeting $515 within 12 months, a potential 52.46% increase from current levels. This optimism is based on Alphabet's strong vertical integrat...
