Diamond Hill Capital Management saw mixed results in Q1, with losses in software stocks like Microsoft and Adobe, while oil producers Chevron and Diamondback Energy benefited from rising oil prices. The firm started a new position in Gartner, attracted by its valuation despite worries about slowing revenue and AI disruption. Diamond Hill exited its stake in Penumbra following its acquisition by Boston Scientific. The firm expects challenges ahead as oil supply dynamics evolve and vessel flows normalize through the Strait of Hormuz, impacting the energy sector outlook.
On June 5, during Nasdaq's worst single-day drop in over a year, retail investors mostly bought the dip in well-known AI and hardware stocks like Tesla, Nvidia, and CoreWeave. However, six major tech stocks including Amazon, Microsoft, and Alphabet s...
Microsoft has disabled access to over 70 open-source projects on GitHub after hackers breached the projects and inserted malware designed to steal passwords and sensitive credentials. Many affected projects relate to Microsoft's Azure cloud service a...
The Nasdaq surged over 19% from its March 2026 lows as big tech stocks emerged as a new safe haven during geopolitical stress, outperforming traditional defensive assets like the U.S. dollar, Treasuries, gold, and the Japanese yen. This shift was dri...
Billionaire investor David Tepper significantly reduced Appaloosa's holdings in Microsoft, signaling a shift in his portfolio strategy. He redirected funds to initiate a new position in an artificial intelligence (AI) memory company that has surged o...
Tesla CEO Elon Musk predicts that by the end of 2024, traditional human-readable coding will become obsolete as AI will directly create machine code. This shift could accelerate Tesla's autonomy and AI projects, including Optimus robots and AI proces...
