The New Mexico Educational Retirement Board reduced its holdings in Alphabet Inc. by selling 10,100 shares, lowering its stake by 3.7% to 262,920 shares, worth about $63.9 million. Alphabet remains the board's seventh-largest position, comprising 2% of its portfolio. Meanwhile, Alphabet insiders, including directors John Hennessy and Frances Arnold, also sold shares recently. Despite these sales, Alphabet continues to receive positive analyst ratings and shows strong operational performance, supported by AI advancements and solid earnings. Investors should watch for ongoing insider activity and market reactions to Alphabet's AI investments and valuation debates.
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
Warren Buffett revealed he personally initiated Berkshire Hathaway's recent large investment in Alphabet, including a $10 billion private stock purchase last month. Despite stepping down as CEO earlier this year, Buffett remains chairman and works cl...
A group of publishers and authors, including Hachette and Elsevier, filed a class action lawsuit against Google, accusing it of using their copyrighted books to train its AI platform, Gemini, without permission. The lawsuit alleges Google also remove...
Demis Hassabis, head of Google's AI division, called for a U.S.-led standards body to evaluate new AI models for risks including cybersecurity and biological threats. He proposed a public-private partnership overseen by the federal government to test...
Jim Cramer highlighted that technology stocks remain the best area for investors seeking significant gains due to their ability to create new growth catalysts beyond quarterly earnings. He cited Meta, SK Hynix, and Alphabet as examples of companies u...
