To The Moon

Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create "cutting edge" EV technology. $Rivian Automotive, Inc.(RIVN)$ and the German-bas

SummaryThis week, Palantir proved again in Q3 that it’s undeniably one of the stronger AI software stocks in the market outside of the cloud hyperscalers.Revenue growth continued to accelerate, with P

Speaker says GOP would ‘probably’ repeal law, then apologizesTrump could change preliminary grants to TSMC, Intel, MicronMike JohnsonRepublicans seek to “streamline” a law subsidizing American chip ma

Billionaire philanthropist Bill Gates has privately told people he donated around $50 million toward electing Kamala Harris president, a person familiar with the matter said.Gates made the donation to Future Forward, a nonprofit organization run by fellow billionaire and former New York City Mayor Michael Bloomberg, the person said. The New York Times earlier reported Gates's donation.The donation was supposed to stay private, the person said, and Gates hasn't publicly endorsed the vice president.Spokespeople for Gates's private office, his philanthropy, the Gates Foundation, and Future Forward didn't immediately respond to requests for comment.Gates's children influenced his decision to donate, the person added.Gates gave to the super PAC Future Forward's nonprofit arm, Future Forward USA Action, according to the Times. As with all so-called dark money groups, it is exempt from disclosing donors and can raise unlimited amounts of money from people and companies.This item is part of a

BEIJING, Oct 23 - Apple CEO Tim Cook met with China's minister for industry and information technology, Jin Zhuanglong, on Wednesday in Beijing, according to a statement from his ministry. Jin said that he hoped Apple would continue to deepen its presence in the Chinese market, increase investment in innovation, grow with Chinese companies and share the dividends of high-quality development, the statement said.

Corporate insiders are selling with one hand what they're buying with their other.In their personal accounts, they are selling shares of their companies at near-record rates. With their companies' cash, in contrast, they are repurchasing shares at a record rate. This schizophrenic behavior doesn't bode well for the market.Among all companies with any insider transactions so far in October, just 13% have experienced more insider buying than insider selling. That's the lowest insider buy ratio in at least a decade, according to the Seyhuns' analysis.In contrast to the insiders' stinginess in their personal portfolios is their eagerness to purchase their companies' shares with corporate cash. Rubin told Barron's that based on year-to-date buyback activity, corporations' announced buybacks have now exceeded $1 trillion and that "by the end of 2024, announced buybacks for the year will set a new record.". In contrast to the poor market timing exhibited by companies' repurchase decisions, in

SummaryMicrosoft stock has underperformed as investors have grown increasingly concerned about its AI monetization prospects.Microsoft must invest aggressively in AI CapEx now but faces intense compet

Nvidia stock was falling Tuesday. The chip maker may face more limitations on exports of its advanced artificial intelligence chips.U.S. government officials have discussed capping sales of advanced AI chips from the U.S. to certain countries, Bloomberg reported, citing people familiar with the matter. That could affect both Nvidia and rival chip maker Advanced Micro Devices.Nvidia shares were down 1.3% at $135.90 in premarket trading. The stock closed at a record high on Monday at $138.07.Deliberations are in early stages and remain fluid, according to the report.Limiting sales to specific countries would tighten restrictions that initially targeted China and its ambitions to advance in artificial intelligence, which the U.S. considers a security risk.The Biden administration has already restricted AI chip exports to more than 40 countries in the Middle East, Africa, and Asia over fears they could be diverted to China, the report said.Nvidia and AMD didn't immediately respond to a req

ASML reported bookings for the third quarter that missed the average analyst estimate. The company lowered its net sales and gross margin guidance for 2025.THIRD QUARTER RESULTSBookings EU2.63 billion, -53% q/q, estimate EU5.39 billion Net sales EU7.47 billion, +20% q/q, estimate EU7.17 billionGross margin 50.8% vs. 51.5% q/q, estimate 50.7%Cash and other EU4.99 billion, -0.7% g/q, estimate EU4.86 billion