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.
Elon Musk has lost his lawsuit against OpenAI and Microsoft after a civil trial where a jury found he waited too long to file the case. The jury cleared OpenAI, CEO Sam Altman, and President Greg Brockman of all claims. Musk's lawsuit accused OpenAI ...
US tech stocks, especially those linked to AI, are currently overvalued due to overly optimistic assumptions about compute scarcity and capital expenditure growth. The author recommends reducing exposure to these overvalued US tech stocks and instead...
Microsoft's stock has dropped 11% this year despite its AI business growing over 100% annually and strong Azure cloud growth. Investor Bill Ackman is increasing his Microsoft holdings while reducing Alphabet, seeing value in Microsoft's current price...
A federal jury in Oakland ruled unanimously against Elon Musk in his $150 billion lawsuit claiming OpenAI abandoned its charitable mission by becoming a for-profit entity. Musk alleged that OpenAI and its leaders, including Sam Altman, violated their...
A California jury unanimously ruled that Elon Musk's lawsuits against OpenAI cofounders and Microsoft were filed too late, dismissing his claims of mistreatment and theft related to OpenAI's for-profit affiliate. The trial centered on whether promise...
